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Latest news on Ethereum
2018 was tumultuous and with most investors seen a silver coating after 12 months of hammering, Ethereum [ETH] The price expansion depends on what will end in the next two weeks. Everything speaks of Constantinople, the second milestone that the developer community has agreed and will activate in mid-January at the height of the 7.080.000 block.
The fact is that if all things go according to plan and the soft fork is activated at the same time, Ethereum as a net approaches slowly but surely towards Serenity. This is the final phase in which the network will operate at full capacity, beating competitors and silencing labor trials and introducing a proof of participation. But, starting with Ropsten's last attempt, soft fork coordinators are cautious about giving priority to gradual transition over hasty implementations that can generate future problems.
In any case, the base has been established and, despite the redundancies caused by last year's liquidation, the developer community has been moderated and continues to contribute to the development of the platform.
Also, there is more regulatory clarity on utility topics and security tokens and with the SEC's foray and even planning to publish a guide for investors and publishers of similar coins, the sky may not fall after all.
If this is good and there is more education, the security and popularity of Ethereum – despite the low throughput – could attract more developers and we could only see other product launches like the one at the end of 2017.
Price analysis of Ethereum (ETH)
After 12 months of pure pandemonium, ETH is finally recovering and well above the $ 100 threshold and the trigger as mentioned in our latest ETH / USD business plan. From the candlestick agreement, it is clear that the path of least resistance is upward and until prices are traded above our previous purchase target at $ 130 (now support) buyers are in charge.
So as it is, the bulls are in a prime position and we recommend buying on dives in line with the 17th and 28th bulls. In fact, note that although bears may have control from a top-down approach, their inability to press lower and the emergence of bulls on December 28 is an indication of peak expectation. taller.
ETH's suggestions are supported and there is the possibility that the bulls will recharge at spot prices with stops at $ 130 and first goals at $ 160, $ 200 and after $ 250.
While bulls from ETH can buy at spot prices, a more conservative approach requires that ETH prices expand before $ 150 before loading targets as mentioned above. This means that our ETH / USD business plan is as follows:
Buy: $ 150, Spot
Stop: $ 130
Target: $ 160, $ 200, $ 250
All graphics courtesy of Trading View
Disclaimer: The opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.
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