Ethereum 4 Hour Price Update
Updated June 10, 2020 03:21 AM GMT (11:21 PM EST)
Ethereum entered the current 4 hour candle at $243.98, down 0.01% ($0.02) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Ethereum Daily Price Recap
The end of a 3 day positive run has come for Ethereum, which finished the day prior down 1% ($2.47). The price move occurred on volume that was up 15.46% from the day prior, but down 43.01% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the day prior. Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 9 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From econoar:
Me just last month on Into the Ether: “I just can’t wait for a scaling solution to launch.”Me today on Into the Ether: “And now to talk about our 3rd scaling solution that went live this week…”Impossible to not be bullish on the Ethereum dev community.
- From maticnetwork:
We had the pleasure of hosting @sassal0x, Co-Founder of @ethhub_io, for our most recent Masterclass session on ‘The Growth of DeFi’.Anthony explained how #DeFi on Ethereum has evolved over the past 3 years, how it started, and where DeFi is headed in the next few years.
- From evan_van_ness:
Ethereum is a new paradigm in computing and yet right now the network is still only worth $25bIt reminds me of how after its IPO, Facebook was briefly valued at under $50 lifetime customer value despite growing like crazy.$fb has gone up 15x since then
As for a news story related to Ethereum getting some buzz:
Here’s what’s going on in DeFi: Ethereum addresses cross 100M Whale causing Dai rollercoaster in lending protocols Opium launches options market for unlisted governance tokens Loopring’s payments solution and more…..There are different ways to measure Ethereum use —total addresses, transactions per day, new addresses per day, etc….The daily growth of this metric is accelerating, with new Ethereum addresses holding ETH just crossing 100k, according to Glassnode, the highest since March 2018 using a 30-day average….Summarizing, here’s a glimpse of DeFi’s addressable market on the Ethereum network: 100 million total Ethereum addresses 40 million total addresses holding ETH (growing at 100k/day) 400k daily active Ethereum addresses So what chunk of that is DeFi currently taking?…Ethereum users have already surpassed total early internet users, with 100 million addresses five years since its launch in 2015….Even taking the more conservative metric of 40 million addresses holding ETH, Ethereum is beating early internet adoption.