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All things consistent, Ethereum is the worst performing currency in the top 10, adding three percent on a weekly basis in comparison. While we may see a short-term recovery, largely dependent on BTC's performance, the lack of consensus before a critical barrier should worry investors who are trying to catch their breath once they have successfully implemented several EIP proposals through Constantinople. [19659003] News in evidence
Consent. This is a necessity in blockchain. The test of working systems must be achieved each time a block is created in a working system test such as Ethereum. Ironically, missing and rare among the developers of Ethereum divided in half in the implementation of important proposals for improvement of Ethereum (EIP) before the major gallows of the metropolis, the Constantinople, scheduled for mid-October.
After two hours of deliberate deliberations led by Hudson Jameson on the way forward, progress is nothing short of slow. While Constantinople is design one of the milestones on the road to Serenity and the adoption of Proof of Stake, the implementation of the update of the Hard Fork features has been difficult for developers. Some also complain that the utopian request for a feature-rich, limited-time update is the root of this pressure and a possible violation of the deadline.
The contention around the debate as to how the community is preparing for a difficult fork is how best to tame the proliferation of ASIC miners, to advance on the rewards for the miners of the ETH and, above all, how to best cope with the Ethereum's difficulty bomb. These three are the main cause of conflict in the network and since nobody is compatible forward or backward with the Ethereum network, an update to the fixed fork upgrade, Constantinople, is the perfect channel to fix it once for all.
Ethereum (ETH) Technical Analysis
Weekly Chart
In the top 10, Ethereum remains the 39, the only resource to record huge losses on a week on a weekly basis. At current spot rates, ETH is down 5% confirming the week ending August 12, engulfing bearish and breaking below the candlestick.
In both cases, regardless of the attempts of the last weeks of higher highs, when we adopt a top down approach, the ETH is negotiated inside a cute bear burst diagram and at every minimum that prints in the weekly chart, momentum and run for $ 150 or lower withdrawals.
Looking at the chart, it is clear that prices are falling and the path of least resistance is selling on highs in lesser times with stops at last week's highs
Daily Chart
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