Ethereum 4 Hour Price Update

Updated June 16, 2020 01:36 AM GMT (09:36 PM 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 231.33 US dollars, down 0.42% ($0.97) since the last 4 hour candle. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.

Ethereum is down 0.27% ($0.63) since the day prior, marking the 2nd day in a row it has gone down. As for how volume fared, yesterdays volume was up 116.56% from the previous day (Sunday), and up 134% from Monday of the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the day prior in terms of percentage price change. Here is a daily price chart of Ethereum.

Notably, Ethereum is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. 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. For another vantage point, consider that Ethereums price has gone up 7 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Ethereum for the past day were:

If you think #DeFi will have a smaller impact on $ETH than ICOs, you arent paying attention.The ICO boom flexed #Ethereums ability to perform 1 financial service: early-stage capital formation. #DeFi will flex Ethereums ability to perform *all* financial services.

#DeFi is so early that no applications are safe from being overtaken by innovative projects. While I think certain infrastructure pieces are coming into place & will be harder to unseat, the dApp game is wide open with only $1B in DeFi on #Ethereum. Its gonna be fun to witness.

hey does anyone know whats going on these days with Charles Hoskinson, Co-founder of Ethereum? Does he have a youtube or tiktok or something?I think he could be a great CEO for some company, I wonder why he didnt go down that route

For a longer news piece related to ETH thats been generating discussion, check out:

Ethereum 2.0: The Choice Between Ones Own Node and a Staking Service

While a minimum stake of 32 ETH is needed to become a validator on Ethereum 2.0, staking pools and services make the participation possible for everyone.While some users have already opted to run their own validator node, others are still choosing among becoming an independent validator, joining a staking pool or using staking provider services.According to Consensys, at least 33% of Ethereum users plan to use third-party services and 20% of the respondents who previously revealed the intention to run their own validator nodes said they would consider using a staking service instead.According to him, Ethereum staking will be quite profitable for users who keep their funds on exchanges: Exchanges like Bitfinex will charge a tiny fee to cover operation costs, but the large majority of rewards will go directly into the pockets of the users.Not all users want to go through the process of custodying their own assets and learning how to stake properly. Changpeng Zhao, also known as CZ, the CEO of Binance crypto exchnage told Cointelegraph that users who actively stake via Binance will be able to earn higher interest rates than those who simply hold cryptocurrency in their accounts: Binance will stake a fractional reserve of the Ethereum held by our users, as we still require some funds to be liquid for users to withdraw at any time, while automatically distributing proportionately the rewards to our users. Another convenience of centralized platforms and custodial services is that they undertake the conversion of the users ETH to ETH2.However, in order to join the pool, users will need to have a minimum of 16 ETH half as much of the minimum amount needed to run an individual validator node, but a lot more than what crypto exchanges would require.

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Ethereum (ETH) Down $0.97 Over Past 4 Hours, Entered Today Down 0.27%; Pin Bar Pattern Appearing on Chart - CFDTrading