#Ethereum Price Weekly Analysis: #ETH/USD Grinding Toward $314
There was a decent support base formed near the $270 zone in ETH price against the US Dollar. The ETH/USD pair started an upward move and traded above the $280 and $290 resistance levels. The upside was cleared after the price broke the 61.8% fib retracement level of the last decline from the $297 high to $270 low. The price gained traction and settled above the $290 level plus the 100 simple moving average (4-hours). It is currently consolidating near the $300 level. On the
#Ethereum's Next Upgrade Could Be the $29 Billion #Blockchain's Biggest Test Yet
Hard forks are never easy. By definition, such system-wide upgrades require every software user to upgrade to new rules near-simultaneously, meaning there's coordination difficulties that need to be overcome to ensure the code continues to operate as designed. Still, in a upcoming October upgrade named Constantinople, ethereum is faced with a perhaps unique challenge — how to find a balance between a web of diverse stakeholders, each battling for different outcomes. Making ma
Ethereum (ETH) Wale Moves 20,000 ETH Tokens Worth $5.5 Million to Bitfinex
An anonymous individual considered to be one of the very first Ethereum investors has moved approximately 20,000 ETH coins to Bitfinex. Although Ethereum remains the second largest cryptocurrency, it has not been spared from the effects of the overbearing bearish trend that has reigned supreme this year.Owing to this, the anonymous investor who is believed to belong first “ethereum whales” is having second thoughts about the prospects of the second-largest cryptocurrency’s as
World Bank to Settle $73 Million Blockchain Bond on Ethereum Next Week
The World Bank has priced what it deems the ‘world’s first public blockchain bond’ at AUD$100 million ($73 million) in a settlement to occur next week. The two-year bond, designed to improve the efficiency of automated financing for countries with extreme poverty by moving away a decades-old manual bond sales process, will be settled on August 28 by the Commonwealth Bank of Australia (CBA), Reuters reported on Thursday. Dubbed ‘Bondi’ for Blockchain Operated New Debt Instrume
Ethereum (ETH) Price Analysis: On The Lookout For A Breakout
Ethereum is consolidating in a symmetrical triangle and might be to break out soon. After the strong moves in the previous month, Ethereum is now consolidating inside a symmetrical triangle pattern as bulls and bears wait for catalysts. Price is approaching the peak of the formation so a breakout might be due soon. The 100 SMA is above the longer-term 200 SMA to hint that the path of least resistance is to the upside. In other words, an upside break might be more likely to ha
Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market?
Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent. In 14 days, the price of Ethereum plummeted from $470 to $260, reaching its lowest point in 2018 by falling below the $300 mark for the first time since early November, 2017. The entire cryptocurrency market experienced a steep decline in valuation, losing nearly $150 billion of its valuation in a month. But, Ether, which perf
2 Big Reasons For ETH Optimism
Since hitting a record high of $1400 at the beginning of the year, Ethereum, the second largest cryptocurrency, has struggled like the rest of the other crypto coins. Since then ETH has lost over 70% its value. However, recent developments indicate a rally may be imminent which might see the token reclaim its former glories. We will look at two main reasons why ETH is undervalued. It’s my belief that ETH price has been dragged down as a correction from the massive spike, and
#Ethereum Price Predictions 2018: Cryptocurrency’s value could triple
Ethereum co-creator Steven Nerayoff says the cryptocurrency’s value could triple in 2018. Nerayoff said businesses in a wide variety of industries are starting to take note of what value ethereum’s protocol could offer them. Nerayoff attributes increased usage to ethereum’s ability to process transactions more quickly and cheaply than its rival. Nerayoff said increasing interest in cryptocurrency will stimulate value for ethereum in 2018, regardless of whether it overtakes bi
Why Some Major Cryptocurrency Investors Are Betting Heavily Against Ethereum
Ethereum, the second-largest cryptocurrency platform in the world, has seen its currency plummet 36% this year. But some major crypto investors think it has more room to fall, and they're betting aggressively against it. New York-based Tetras Capital, a crypto hedge fund that launched last summer and is known for in-depth analyses of cryptocurrency prices, has shorted ether, borrowing the coins and hoping they tank so it can buy them back at a lower price. Tetras started shor
#Ethereum price analysis: #ETH/USD recovers to $470 as Ethereum developers propose to reduce block r
Ethereum has recovered from the low of $43954, reached early on Monday, but it is still well below recent high. The second largest coin with a market value registered at $4B have an average daily trading volume settled at $1.3B. It is mostly unchanged on a daily basis while growing volatility may trigger more extended recovery amid positive sentiments of a broader crypto market. Ethereum has fallen victim airdrops of Chinese crypto exchange FCoin and spam attacks, allegedly t
