Ethereum 4 Hour Price Update
Updated June 25, 2020 03:21 PM GMT (11:21 AM EST)
The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 233.78 US dollars, down 0.2% ($0.46) from the last 4 hour candle. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!
Ethereum Daily Price Recap
Ethereum is down 3.54% ($8.6) since yesterday, marking the 2nd day in a row a decline has happened. As for how volume fared, yesterday’s volume was up 95.88% from the previous day (Tuesday), and up 65.06% from Wednesday of the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during yesterday. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
First things first: Ethereum crossed below its 20 day moving average yesterday. Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 9 out of the past 14 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From LordTylerWard:
Maybe I’m jaded but I don’t see the utility in BTC anymore. So much is being built on defi platforms. Maybe I’ll move it to wBTC on Ethereum for the shorter term utility & hope it fulfills it’s community’s long term outlook but this is beginning to look like Myspace vs Facebook.
- From sassal0x:
My name is Farmer Anthony Sassano of House Ethereum, the First of His Name, Farmer of Compound, Balancer and Curve, Rancher of DeFi and Protector of EthHub, Rancher of Set, Farmer of mStable, Anthony of the Mempool, the Unfarmed, Farmer of Synthetix and Father of Gains.
- From Butta_eth:
If it weren’t for @prylabs, the majority of the community still wouldn’t know what Ethereum 2.0 staking will look like, and what it is. They have done the most time-consuming job on the educational front, and their gitcoin grants are an excellent representation for that. Ty🙏
As for a news story related to Ethereum getting some buzz:
A liquidity provider is someone who provides assets (liquidity) to a pool of funds….By providing liquidity to Uniswap, the LP is rewarded by receiving a share of the fees earned in that pool proportional to the liquidity provided….Token rewards Token rewards are used as an incentive to provide liquidity but are not always available….These yields take into account the value of the fees and tokens rewarded….Liquidity mining is a subset of yield farming, where the “mined” liquidity is considered part of the yield (along with exchange fees and other interest payments)….Liquidity mining is a subset of yield farming and describes an incentive structure that rewards liquidity providers with token rewards.