Despite Dropping, Ethereum (ETH) is Bullish and May Even Be a Store of Value

Ethereum (ETH) prices drop 5.5 percent from $170 The development of Ethereum 2.0 will reinforce ETH Despite competition and the threats of Binance Chain, Ethereum will leverage on their first mover advantage as a time-tested platform and recover. Besides, the promise of Ethereum 2.0 and implementation of EIP 1234 means scarcity and ETH holders would be the primary beneficiaries. Ethereum Price Analysis Fundamentals That Ethereum is enjoying a first-mover advantage in a field that is already crowding with competitors offering faster and cheaper alternatives is correct. Entrants like Tron, EOS…

Ethereum (ETH) Price Fails Again Near $176, Should U Buy?

ETH price struggled once again to gain strength above the $176 resistance against the US Dollar. The price declined sharply and broke the $172 and $170 support levels. There was a break below a major bullish trend line with support at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could bounce back above $172 as long as it is trading above the $166 support area. Ethereum price failed to break important resistances versus the US Dollar and bitcoin. ETH declined sharply, but the bulls might…

Ethereum (ETH) Price Looks Set To Break $175-$180

ETH price corrected lower and tested the $165-166 support area against the US Dollar. The price bounced back and recently broke the $169 and $170 resistance levels. There is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher and it could soon break the $175 and $176 resistance levels. Ethereum price is holding the ground versus the US Dollar and bitcoin. ETH seems to be following a bullish path and it may…

Vitalik Buterin Proposes Higher Staking Rewards for Upcoming ETH PoS Algorithm

Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20. Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked and validating transactions, resulting in an annual return for stakers of 1.56%. The current circulating supply of the coin is 105,764,762 ETH, which means that this amount of stacked ether is a theoretical maximum of sorts. The proposal also estimates the annual return for various quantities of validating ether. For…

Ethereum (ETH) Price Correcting Gains But Remains Buy on Dips

ETH price traded above the $174 and $175 resistance levels before it faced sellers against the US Dollar. The price traded towards the $178 level and later started a downside correction below $172. There is a major bearish trend line in place with resistance at $171 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either climb back above $171 or correct lower further towards the $166 support area. Ethereum price started a downside correction versus the US Dollar, but remained flat against bitcoin. ETH could…

Ethereum (ETH) Price Could Surge To $200 In Near Term

ETH price remains well supported on the downside near the $170 area against the US Dollar. The price settled in a positive zone above the $165 and $169 resistance levels. There is a major bearish trend line formed with resistance at $176 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a significant rally once there is a break above the $176 and $180 resistance levels. Ethereum price gained traction from key supports versus the US Dollar and bitcoin. ETH is currently placed nicely above…

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…

Ethereum (ETH) Price Hits The $175 Target, $182 On The Horizon?

ETH price extended gains and rallied towards the $175 resistance area against the US Dollar. The price pumped sharply above the $169 and $170 resistance levels to test $174. There is a solid bullish trend line formed with support at $168 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near $170 and it could continue to rise towards $180. Ethereum price climbed higher above key levels versus the US Dollar, along with bitcoin. ETH remains well bid and it seems…

Ethereum (ETH) Price Analysis: $150 On The Horizon?

ETH price extended upsides and gained bullish momentum above the $140 resistance against the US Dollar. The price even broke the $144 level and traded close to the $146 level before correcting lower. There is a key connecting bullish trend line formed with support above $143 on the hourly chart of ETH/USD (data feed via Kraken). There could be a downside correction, but the $141-142 support area is likely to act as a strong support. Ethereum price is moving nicely in a positive trend against the US Dollar and bitcoin.…