Set of Constantipole etereum forks for January 2019: ETH / USD for stalls under $ 100

• Update of the Ethereum hard fork to reduce the reward of the 3 Ether to 2 Ether block.
• The rebound of ETH / USD hits an obstacle to $ 100; drops to $ 90.00.

The Ethereum development team worked tirelessly to see the next update of the network. The developers have reached an agreement that the Constantinople upgrade, which will come in the form of a hard fork, will take place at the 7.080.000 block. At the time of writing, the network is at a block of 6.87 million. This place the hard lap around the third week of January 2019.

The update was scheduled for October of this year. However, it was recalled following failure to implement the network testnet network. One of the developers, Afri Sgchoedon, later told the community not to expect an update in 2018.

It is expected that the Constantinopleupgrade will reduce the miners for compensation from 3 ETH to 2 ETH. This could cause jitters in the community, especially for miners and investors. The issue of lowering the reward does not fit the miners well, considering that Ethereum has declined from $ 1,400 to the current price, above $ 90.00. People believe that the discussions will increase with regards to the hard fork as the new year. Furthermore, it is possible that the network will split if disagreements get out of hand.

Technical photo of the price of Ethereum

Ethereum dropped below $ 80.00 towards the end of last week. A recovery, staged over the weekend, has stuck to less than $ 100. The price is currently locked in a range with resistance to $ 100 (50 SMA) and the range support at $ 80 (minimum 2018). ETH / USD exceeded the downward trend resistance of the trend line, but due to the sales pressure in the market, the momentum soon faded away. At the moment, it is trading at $ 92 and immediately supported at $ 90. If Ethereum rebounds above $ 100, it will face more obstacles to the 100 SMA currently at $ 108.39.

Chart ETH / USD 240 & # 39;