Ethereum (ETH) Down $0.07 Over Past 4 Hours, Started Today Down 0.57%; Pin Bar Pattern Appearing on Chart

Ethereum 4 Hour Price Update

Updated July 06, 2020 03:19 AM GMT (11:19 PM EST)

Ethereum entered the current 4 hour candle at $227.96, down 0.03% ($0.07) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

Ethereum entered today at $228.03, down 0.57% ($1.31) from the previous day. The price move occurred on volume that was up 2.19% from the day prior, but down 32.52% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For additional context, note that price has gone down 17 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From QWQiao:

    Had an epiphany. Whichever ETH killer successfully launches a non-USD stablecoin has the best chance to kill ETH. I would venture to say it’s the only way to kill ETH given the network effect. It’s the most blatantly obvious missing piece in the Ethereum ecosystem.

  • From iamDCinvestor:

    Like in 2017, get ready to see many projects attempt to take credit and literally “cash in” on everything awesome happening on Ethereum, especially DeFi.Many will arrive just in time to to capitalize on retail FOMO.Most won’t deliver unique value, and will be gone by 2023.

  • From GalewskiPatryk:

    $ICX is designed to be faster,better, more advanced brother of the #Ethereum brother on steroids.. well, this is what people say in 2017 “korean ethereum” but in reality, $ICX = the new blockchain internet. No one can predict the price of main global provider, but just imagine..

In terms of news links for Ethereum here’s one to try:

Oracles with Ethereum Classic and Chainlink – Ethereum Classic Labs – Medium

Developers can decentralize the data source by fetching data from multiple data providers, such as retrieving cryptocurrency prices from multiple data aggregators….Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments.