Yes, Ethereum (ETH) Above $170 But Hitting Milestone Counts

  • Ethereum prices above $170
  • Increasing competition means Ethereum 2.0 must launch on time despite the first-mover advantage

Morpheus Labs, Cardano, Binance, Tron, and EOS are fierce competitors. Therefore, Ethereum coders accelerating their development mean Ethereum 2.0 will launch on time as ETH prices rally past $250 towards $1,500.

Ethereum Price Analysis

Fundamentals

Without a doubt, Ethereum is a massive project bolstered by ultra-high distribution meaning it does operate within the tenets of blockchain. Because of this high decentralization and consensus through proof-of-work, it is secure, the native currency in ETH a utility and not compliance with Howey Test investment contract criteria.

Nonetheless, because of the Blockchain Trilemma, Ethereum is slow and scalable. With a low throughput of around 15 TPS during periods of low activity, dropping to as low as 7 TPS at network peaks, the team is working overtime to attend to this problem.

Aware that similar platforms promise their users speed and scalability while sacrificing decentralization for centralization like in the case of EOS with 21 Block Producers or Tron with 27 Super Representatives, Vitalik and team plan to unleash Ethereum 2.0.

To achieve this reality, Ethereum must also introduce a new virtual machine as well as a shift from the energy-intensive but time-tested proof-of-work to a staking system similar to Cardano’s which will also come in force during Goguen.

However, considering the very nature of operation and level of decentralization that demand consensus for any form of update or soft fork–which we learned is contentious, Vitalik promise of timely implementation may fall short, negatively impacting price.

Candlestick Arrangements

Ethereum ETH

Price wise, Ethereum (ETH) is a top performer in the top-5, adding 3.9 percent in the last day. At this rate of expansion, performance is above average, but we expect more gains in days ahead.

Notice that Ethereum (ETH) prices for the second time this month is trading above $170, and that means bulls are back in control reversing losses of Q4 2018.

As a result, and in line with our previous ETH/USD trade plan, traders should be loading up on dips with first targets at $200 or higher. However, it would be satisfying if bulls lift prices above Apr-8 highs, completely reversing losses of Apr-11 and setting in motion the next wave of higher highs that will cement its position at second.

Should that be the case, then buyers of Apr-2 will be, and the path for $250 would be on.

Technical Indicators

Although Ethereum (ETH) is above $170—according to streams from BitFinex, our anchor bar in the short-term is Apr-11.  As aforementioned, gains above Apr-8 highs at $190 must be with high volumes above 336k.

Chart courtesy of Trading View

Author: Dalmas Ngetich

Source link

Related posts

26 Thoughts to “Yes, Ethereum (ETH) Above $170 But Hitting Milestone Counts”

  1. I am really loving the theme/design of your web site. Do you ever run into any browser compatibility problems? A few of my blog readers have complained about my website not working correctly in Explorer but looks great in Chrome. Do you have any tips to help fix this issue?

  2. Really good blog, thank you so much for your time in writing this post.

  3. Just desire to say your article is as amazing. The clearness in your post is
    just nice and i can assume you are an expert on this subject.

    Well with your permission let me to grab your feed to keep up to date with forthcoming
    post. Thanks a million and please keep up the gratifying work.

  4. What’s up it’s me, I am also visiting this
    site on a regular basis, this website is genuinely pleasant and
    the users are truly sharing good thoughts.

  5. Unquestionably believe that that you said. Your favourite justification seemed to be on the internet the simplest thing to
    consider of. I say to you, I certainly get irked while other folks think about worries that they just do not recognise
    about. You controlled to hit the nail upon the top and defined out the entire thing with no need side-effects , other folks could take a signal.
    Will likely be back to get more. Thank you

  6. Very nice post. I just stumbled upon your weblog and wished to say that I’ve really enjoyed surfing around your blog
    posts. In any case I will be subscribing to your rss feed and I hope you write
    again very soon!

  7. When some one searches for his required thing, thus he/she wants
    to be available that in detail, therefore that thing is maintained over here.

  8. Great information. Lucky me I ran across your
    site by chance (stumbleupon). I’ve saved as a favorite for later!

  9. I absolutely love your blog and find the majority of your post’s
    to be just what I’m looking for. can you offer
    guest writers to write content for yourself? I wouldn’t
    mind publishing a post or elaborating on a few of the subjects you write related to here.
    Again, awesome web site!

  10. Wow, that’s what I was searching for, what a information!
    existing here at this weblog, thanks admin of this web site.

  11. Thanks , I have just been looking for information about this subject for a
    while and yours is the greatest I have came upon so far.
    However, what about the bottom line? Are you positive concerning the source?
    natalielise pof

  12. We stumbled over here different web page and thought I might as well check things out.

    I like what I see so i am just following you.
    Look forward to looking into your web page repeatedly.

  13. of course like your website however you need to test the
    spelling on several of your posts. Many of them are rife with spelling problems
    and I to find it very bothersome to inform the truth nevertheless I’ll definitely
    come back again. pof natalielise

  14. Hey there would you mind letting me know which hosting
    company you’re working with? I’ve loaded your blog in 3 completely different internet browsers and I
    must say this blog loads a lot faster then most.
    Can you suggest a good internet hosting provider at a honest price?
    Thank you, I appreciate it!

  15. Greetings from Carolina! I’m bored to death at work so
    I decided to browse your website on my iphone during lunch break.
    I enjoy the information you provide here and can’t wait to take a look when I
    get home. I’m amazed at how quick your blog loaded on my phone ..
    I’m not even using WIFI, just 3G .. Anyways, very good
    site!

  16. … [Trackback]

    […] Information to that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  17. … [Trackback]

    […] Read More to that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  18. … [Trackback]

    […] There you can find 45516 more Information to that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  19. … [Trackback]

    […] Find More here to that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  20. … [Trackback]

    […] Info to that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  21. … [Trackback]

    […] Find More to that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  22. … [Trackback]

    […] Find More Info here on that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  23. … [Trackback]

    […] Read More here to that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  24. … [Trackback]

    […] Read More Info here on that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  25. … [Trackback]

    […] Info on that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

  26. … [Trackback]

    […] Find More here on that Topic: tradingbtc.com/2019/04/18/yes-ethereum-eth-above-170-but-hitting-milestone-counts/ […]

Leave a Comment