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Ether is lowering slightly on Friday 21 December, trading at $ 117.18, reports Dmitriy Gurkovskiy, Chief Analyst of RoboForex.
Technically, an upward correction is coming. Previously, the price made a new low, although it was not a key factor, so it did converge and the previous resistance to the downtrend broke out. On H4, the upward trend has reached 23.60% of Fibo, but this is only an intermediate point, however. It is likely that the price will move close to 38.20% ($ 135.20) and 50.00% ($ 152.00). Key support is meanwhile at $ 80.86.
On H1, Ethereum moves rather steadily within an ascending channel. However, there is nothing out there that can prevent the price rollover. If the upward trend predominates, it can hit the current resistance and move to the projection channel above $ 135.20. However, with the stochastic divergence, a local withdrawal is also very likely. In this last case, the first objective will be on the support of the short-term uptrend channel at $ 105.95; therefore, the price could go up to $ 98.00.
Western Union is ready to work with crytos, which is considered positive news for the entire crypto market. The company is actively testing the environment and, at some point in time, it could become a great opportunity for WU, as the involvement of cryptos will also imply fast and secure information transfer technology.
Hikmet Ersek, the CEO of the WU, said that in the summer he would not work with the criptos, as no world bank recognized bitcoins or altcoins, and so WU did not even need them.
Another piece of news worth mentioning is that Vitalik Buterin, the founder of Ethereum, has sent $ 300,000 to a few startups.
Oct 2018 @fredwilson w / "tough love" comments on Eth
TLDR; He says that Ethereum is not killing him, they are blowing their heads. They are changing value, missing ship dates and lacking basic operational leadership to get shit
What do you think about it? Https: //t.co/kclM08t5s6
– Ryan Sean Adams (@RyanSAdams) December 18, 2018
This happened after Preston Van Loon, founder of Prysmatic Labs, discuss the opportunities and the promotion of the platforms. Subsequently, Buterin attached to connection, which demonstrates the transfer of 1,000 ETHs to the start. Likewise, Vitalik has sent a transfer to Sigma Prime and ChainSafe.
Buterin said he was not an "Ether man" to avoid crypto-scammers. And yet, in the end, he proved to be.
Meanwhile, ConsenSys is ready to get rid of some projects and finally cut some jobs, which is negative for Ether, as this company is one of those that develop the Ethereum ecosystem.
Disclaimer: Any provision contained in this document is based on the particular opinion of the authors. This analysis should not be treated as a trading advice. RoboForex can not be held responsible for the results of trading resulting from the commercial recommendations and reviews contained in this document.
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