Ethereum (ETH) Up $0.96 Over Past 4 Hours, But Still in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

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Ethereum 4 Hour Price Update

Updated June 05, 2020 03:20 AM GMT (11:20 PM EST)

Ethereum is up 0.39% ($0.96) since the last 4 hour candle, marking the 2nd candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 243.35 US dollars, down 0.49% ($1.21) since the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 36.59% from the day prior, and up 0.58% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

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

  • From MissVaylaNL:

    Yes the airdrop is still going on, will probably take another day or two.
    Thank the ethereum gas fee’s for that.👽Yes the new $VYA token is listed on @cctip_io Didn’t receive the new tokens yet? Wait patiently, it will come.🛸#VAYLAtoken
    @cctip_io draw 500 VYA 200

  • From bsletten:

    I am pleased to announce that I am going to be writing “WebAssembly : The Definitive Guide” for @OReillyMedia. It will cover the MVP, WASI, Blazor, C/C++, Rust and cool examples such as portable graphics libraries, the TensorFlow.js backend, the Ethereum VM, IPFS and more.

  • From RichardHeartWin:

    It’s funny that every interview and debate I’ve ever had has been an educational, and perhaps engaging experience for the audience. It’s sad that there’s so few with an audience left in #Bitcoin or #Ethereum to have nice a nice conversation with. Tag someone you’d like to see on.

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

Federal Reserve Endorses Ethereum-Backed Alternative To Libor

Senator Cotton asked if the Fed supports alternative benchmark interest rates besides the Secured Overnight Financing Rate (SOFR) – such as AMERIBOR – for the replacement of LIBOR….Is Ameribor appropriate to use for institutions for whom it more accurately represents their cost of funding?” Chairman Powell stated in his response that, “the Federal Reserve convened and supports the work of the Alternative Reference Rates Committee (ARRC) and views SOFR as a robust alternative that will help many market participants in the transition away from LIBOR….The Federal Reserve convened the Alternative Reference Rates Committee (ARRC) that created the Secured Overnight Financing Rate (SOFR) as an alternative to LIBOR.