Ethereum (ETH) Up $0.76 Over Past 4 Hours, Entered Today Down For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

Ethereum 4 Hour Price Update

Updated June 19, 2020 07:21 AM GMT (03:21 AM EST)

The choppiness in the recent four-hour candle price action of Ethereum continues; to start the current 4 hour candle, it came in at a price of 228.19 US dollars, up 0.33% ($0.76) since the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum is down 1.08% ($2.52) since the previous day, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 43.47% from the day before — and down 73.39% 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. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, the current price of Ethereum is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone down 6 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From VitalikButerin:

    Things I’m excited about (incomplete list)* Cryptography+blockchains esp @ethereum family
    * Life extension @SENSResearchFou
    * New governance/”social tech” @RadxChange
    * Better online education of all types
    * Building cities @CCIdotCity
    * Ongoing global poverty reduction
    * Space

  • From rossdefi:

    It’s official, USDT is now the short term growth engine for DeFi- Compound liquidity mining
    – AAVE B&L (not collateral)
    – DeversiFi main quote currency
    – Stablecoin swapping surge
    – DYDX now accepts as collateralAnd it all started by putting USDT on Ethereum two years ago

  • From RyanSAdams:

    Reddit is hosting an Ethereum scalability competition”Our goal is to find a solution that will support hundreds of thousands of Community Points users on mainnet today, and can eventually scale to all of Reddit (430 million monthly users).”🚀🚀🚀Everything on ETH

As for a news story related to Ethereum getting some buzz:

Apple And Google Admit Ethereum App To Let Employees Prove They’ve Been Vaccinated

But a new blockchain app just ……Far from a theoretical blockchain application that might be of value at some future date, the app, which lets users prove a wide range of personal information, as well as spend bitcoin, ether, a version of the U.S. dollar issued on the ethereum blockchain, and Civic’s own token is available today on both Apple’s App Store and Google Play….While such a concentration of private information in the hands of any government or company will almost certainly trigger cries of a dystopian invasion of privacy, Civic uses technology similar to bitcoin to prove that only one person is in control of the credential at a time without needing to share any unnecessary information about that individual….Once the identity wallet is created, users have the ability to scan QR codes to integrate existing accounts denominated in bitcoin, ethereum, CVC, and U.S. dollars converted to assets on the ethereum blockchain, called USDC….Going forward Lingham expects that the ability to prove one’s identity and pay with assets issued on a blockchain will make it easier to spend cryptocurrency.  To help prevent the cryptocurrency industry’s pervasive issues with theft, Civic Wallet uses what’s called multi-signature (multi-sig) access….“Move somewhere else.” To give an idea of how far the use of these identities could go, a quick look at Circle Medical’s existing partners includes Blockchain 50 alum CVS Pharmacies, which is a leader in exploring how blockchain can be used in a wide range of healthcare applications.