Ethereum (ETH) Up $1.47 On 4 Hour Chart, Outperforms All Top Cryptos to Start the Day; Entered Today Up 0.7%

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Ethereum 4 Hour Price Update

Updated June 09, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum entered the current 4 hour candle at $243.66, up 0.61% ($1.47) from the last 4 hour candle. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!

Ethereum Daily Price Recap

Ethereum closed the previous day up 0.7% ($1.72); this denotes the 3rd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 22.29% from the day before — and down 38.06% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous day. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 17 of the previous 30 trading days.

Overheard on Twitter

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

  • 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 MeliDooshima:

    Airdrop update!Due to the high fees on the Ethereum network, sending airdrop is x10 of the original cost. We apologize to all airdrop participants for the delays.Airdrop will be distributed when the fee goes down a bit.Thank you all.@cctip_io airdrop 300 REMI 200

  • From CryptoDonald_:

    People will be taken completely off guard by the coming rise of $QNT.They will regret not doing their research and can’t believe they didn’t see it coming when it was so obvious.This will be an Ethereum type of run, and fact is, even at $100+, it’s still a great buy!

For a longer news piece related to ETH that’s been generating discussion, check out:

Ethereum Unique Addresses Surpasses 100 Million, Investors Are Holding More ETH than BTC Now

Besides the gains, the total number of addresses holding ETH at 39.96 million now surpasses those holding bitcoin at 30.1 million, as per IntoTheBlock….This growth is seen as Ethereum makes strides towards launching Ethereum 2.0 which is evident from the number of wallets holding more than 32 ETH, the threshold to stake, which has been increasing over the last year….As of June 3rd, 22.39 million addresses have been holding 61.22 million ETH for over a year now.