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Ethereum (ETH) has seen a lot of positive momentum just before its Constantinople hard fork. If the current exuberant sentiment to prevail, we could see ETH / USD rally towards $ 200 just before the hard fork next week. Technical conditions are favorable for such a move. The price has entered a large bullish pennant which is expected to break to the upside. This break would push Ethereum (ETH) into the $ 200 zone but the price may continue to rise until the previous market structure tests. RSI on the 4H chart is not in the overbought territory yet but the next rally would put it there that means we can expect to pull back after the retest.
Model for PoE (Proof Of Stake) The upcoming Ethereum (ETH) 's hard fork will pave the transition from Ethereum (ETH)' s current PoW (Proof of Work). There are some disagreements on the transition to the ETH (community). However, it is rumored that some players in the Ethereum (ETH) community recently staged at 51% attack on Ethereum Classic (ETC) to make their point. It was a lot to be enjoyed from it. It has been exposed to the cracks in PoW model and triggered multiple debates on the PoW model.
Chart for ETC / BTC (1D)
All things aside, Ethereum (ETH) has grown up enough to do what it wants. We do not live in a world where people would put ideals before money or success. In fact, it is quite the opposite. Some prominent figures including Charlie Lee of Litecoin (LTC) that came to the defense of Ethereum Classic (ETC) after the attack retweeted that is a blockchain can not be 51% attacked, it is not decentralized. This is a very valid point, but in a world where people care less and less about ideals and more about short term gains, this debates goes out of the window. Ethereum (ETH) may be more centralized than Ethereum Classic (ETC) In the centralized manner, this also means that they have consensus on a lot of things.
The point is, at the end of the day, they get things done which is why Ethereum (ETH) is the second largest coin by market cap. Running a tight ship means focusing on all aspects of the business. Ethics (ETH) or Ethereum Classic (ETC) is no different than a startup and it is a project that accept it. Ethereum (ETH) may not share the ideals of Ethereum Classic (ETC), it may not be as decentralized or immutable, but if it is more successful, it has a higher chance of being in the game five to ten years from now compared to Ethereum Classic (ETC).
