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Ethereum Price Stability Brings XRP Market Cap Flippening one Step Closer

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Ethereum

In the world of cryptocurrency, most eyeballs are glued to the top markets. That list encompasses Bitcoin, Ethereum, XRP, and perhaps Litecoin. As far as the Ethereum price is concerned, things are not looking bad nor good right now. A status quo is being maintained, as there is seemingly no interest to push the value up or down in a decisive manner.

No Ethereum Price Shift is a Good Thing

Weekends have always been rather peculiar when it comes to cryptocurrency market momentum. This weekend has been rather bullish for some markets, and resulted in a status quo for everyone else. Given how negative the past eleven months have been, a bit of stability is more than welcome at this time. It may not seem too appealing, but dealing with massive gains and losses in quick succession grows tiresome after a while.

Over the past 24 hours, there hasn’t been any notable change where the Ethereum price is concerned. A minor 0.2% loss in both USD and BTC value is nothing to be overly concerned about The value remains solid at just under $119. Maintaining control over the 0.0325 BTC level is a bit more challenging, but it appears this will sort itself out in the long run.

What is pretty impressive is how Ethereum continues to note a hefty trading volume, even during the weekend. With over $2.8bn worth of trades, this token is in very high demand. Although this hasn’t resulted in any major price shifts to take note of, it also shows there is still a demand for the token at the current value. This may also allow ETH to reclaim the #2 market cap rank over the coming days.

Some interesting news pertaining to Ethereum is making the rounds at this time. The ERC-1155 token standard will be integrated into the Enjin platform over the coming weeks and months. This is made possible thanks to a collaboration between Kriptomat and Enjin, which marks another impressive milestone for Ethereum as a whole. When this will be finalized exactly, remains to be determined at this time

🔔🔔🔔@Kriptomat and @enjin are collaborating to integrate the ERC-1155 tokens via the Enjin Platform and they’re hosting a special giveaway. Read more about it here: https://kriptomat.io/platform/kriptomat-enjin-collaboration/ #enjin $enj #enj #blockchain #ethereum #ERC1155 #enjincoin #cryptocurrency

Kriptomat Becomes the First Cryptocurrency Exchange to Adopt Non-Fungible Tokens to Gamify Trading…

Kriptomat is the first cryptocurrency exchange to adopt blockchain-based virtual items to gamify user experience. Read about our partnership with Enjin

As has been quite apparent over the past few hours there is no Ethereum chart momentum to speak of. In fact, it has been about as neutral as it gets in crypto land. Not a bad trait by any means, primarily when keeping in mind the significant losses sustained over the past 11 months. A neutral sentiment is always better than a strong sell signal.

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$ETH Ethereum ETH/USD – daily – neutral over all down trend volume increase indicates support at 80 mid range 103 top of range test 134 next resistance up 201 VOL ATR Short neutral until conformation.

For the time being, it seems Ethereum is more than capable of holding its own. That in itself comes as a bit of a surprise, as the year 2019 wasn’t off to the best of starts for this token either. However, there may be some genuine long-term momentum brewing as of right now. Long overdue, in the minds of the many, albeit it is still too early to draw any real conclusions.

isclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency

source:nulltx

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Ethereum

Ethereum (ETH/USD) weekly forecast on February 18 — 24, 2019

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Cryptocurrency Ethereum (ETH/USD) is trading at 125. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Ethereum (ETH/USD) weekly forecast on February 18 — 24, 2019

As part of the Ethereum course forecast, a test of level 135 is expected. Where should we expect an attempt to continue the fall of ETH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 85. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator strip at level 138.

Ethereum (ETH/USD) weekly forecast on February 18 — 24, 2019

Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the area of ​​the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of ​​145. This will indicate a change in the current trend in favor of the bullish for ETH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Ethereum (ETH/USD) weekly forecast on February 18 — 24, 2019 implies a test level of 135. Further, it is expected to continue falling to the area below the level of 85. The conservative area for selling Ethereum is located area of ​​138. Canceling the option of falling cryptocurrency will break the level of 145. In this case, we can expect continued growth.

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Ethereum forecast and analysis ETH/USD for 2019

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Ethereum ETH/USD are traded at 123 and continue to move within the descending channel. At the moment, we should expect an attempt to reduce and test the support level near the region 75. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 800.

Ethereum forecast and analysis ETH/USD for 2019

An additional signal in favor of the growth of ETH/USD quotes will be a test of the rising trend line on the relative strength index (RSI). As well as a rebound from an important area of ​​support. Cancellation of the Ethereum cryptocurrency lift option in 2019 will be a fall and a breakdown of level 45. This will indicate a breakdown of support and a continued fall in ETH/USD quotes below the level of 12.50. With the breakdown of the upper boundary of the downward channel and the closure of quotes above the level of 210, we should expect confirmation of the development of an upward movement in Ethereum.

Ethereum forecast and analysis ETH/USD for 2019

Ethereum forecast and analysis ETH/USD for 2019 implies an attempt to test the support area near the level of 75. Where should we expect a rebound and continued growth of ETH/USD cryptocurrency to an area above 800. An additional signal in favor of Ethereum rise will be a test of the trend line on the relative strength index (RSI). The breakdown of the growth rate of the digital currency will be the breakdown of the region 45. This will indicate a continuation of the fall with a potential target below the level of 12.50.

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Upcoming Implementation Of ProgPow For Ethereum Algorithm Gains Support From Majority Of Voters

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The current roadmap for Ethereum shows that there are certain upgrades and milestones that the platform aims to reach over a 4-stage plan. The most recent stage is set to include a newly integrated type of PoW (proof of work) algorithm called ProgPoW. The algorithm is resistant to ASIC use and it will be used in place of the current algorithm, ETHhash. A new online vote through Ethereum shows that the majority of their voters are in favor of this change.

Since the algorithm will be ASIC resistant, developers will see a decrease in the efficiency of using ASICs over the generic hardware that could be used to mine, which essentially means that graphics processing units will be used. However, this update does not completely eliminate the use of ASICs.

The numbers on the Ethereum platform indicate that there’s over 76% of votes (628,000 ETH, which is about $76 million). There are 23% of voters, which accounts for 191,000 ETH ($23 million) that were against it.

According to the voting portal, the token holders are the ones that will take on the most impact from the changes made with the algorithm. By allowing ETH holders to vote, the developers can get a clearer idea of what the community wants than taking into account the comments that are anonymously posted in online forums. At this point, there is no timeframe for the end of the voting process, and the election results do not place any requirements on the voters.

A consensus in the implementation of the algorithm was reached earlier last month, determining that the developers would delay the implementation. This delay gave them time to let the algorithm be audited by a third party at the beginning of this month.

Unfortunately, ProgPoW has faced a lot of controversies since it was announced, due to a post from a code contributor at Ethereum that said developers should embrace the use of ASICs. However, other members of Ethereum believe that the algorithm will not give the ASIC resistance that they expect.

Source.bitcoinexchangeguide

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