Ethereum ETH/USD ends the trading week at the level of 1652.77 and continues to move as part of the correction and the ascending channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price rise and a test of the support level near the area of 1425.05. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the level of 2165.05.
Cryptocurrency Ethereum Forecast March 29 — April 2, 2021
An additional signal in favor of the growth of ETH/USD quotes in the current trading week March 29 — April 2, 2021 will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the “Triangle” pattern. Cancellation of the growth option for the value of the cryptocurrency in the current trading week will be a fall and a breakdown of the level of 1135.05. This will indicate a breakdown of the support area and a continued fall in ETH/USD quotes with a potential target below the level of 825.05. Confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 2055.05.
Cryptocurrency Ethereum Forecast March 29 — April 2, 2021 implies an attempt to test the support area near the level of 1425.05. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 2165.05. An additional signal in favor of a rise in the Ethereum rate will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 1135.05 area. In this case, we should expect a continuation of the fall with the target below the area of 825.05.
Ethereum Competitor Could Power Major Real-World Use Cases, According to Hedge Fund Veteran Anthony Scaramucci
SkyBridge Capital founder Anthony Scaramucci says one Ethereum competitor is well-equipped to power complex use cases in the real world.
In a new interview with Real Vision, the hedge fund veteran says the decentralized blockchain network Algorand (ALGO) could breathe new life into the consumer goods sector.ADVERTISEMENT
“If you’re flying American or Delta, you’re accruing miles. You may or may not be using them. They’re on Delta’s balance sheet marked as a liability. And for whatever reason, you’re not using them, but you can’t unlock them.
What if we created a coin that could take those miles out of your account in exchange for this coin? Then this coin had some universality to it where you could buy groceries, or you could buy something [else].
What would be the best blockchain to use for something like that? In my opinion, it would be Algorand.”
Last month, SkyBridge joined the NAX trading platform to form a new partnership called UNLOX.
Scaramucci says the new venture will work with ALGO while pursuing investments in traditional financial services as well as art and other alternative assets.
“We’re identifying assets that have typically been locked, and we’re unlocking them.
I said I want to raise a fund, an ALGO-based fund that participates. We’ve raised $100 million so far, capping the fund at $250 million.
I’ve got a Bitcoin [BTC] fund. I have an Ethereum [ETH] fund. And we will soon have an ALGO fund. And I think those are three major blockchains, cryptocurrencies that are going to win and design the future.”
Ethereum Whale Bought 276,592,553,073 SHIB, Is Something Big Coming?
- An anonymous Ethereum whale decided to go on SHIB coin shopping.
- The whale bought 276,592,553,073 #SHIB tokens ($11,510,207 USD).
Investors seemed highly interested in Shiba Inu since the total value locked (TVL) climbed close to $2 billion in June and July. Recently, an anonymous Ethereum whale decided to go on SHIB coin shopping, buying close to an enormous 276 billion SHIB.
On October 26, a Twitter account by the pseudonym Shiba Inu News tweeted the news first. The user said,
Wow… An Ethereum whale just bought 276,592,553,073 #SHIB tokens ($11,510,207 USD). We haven’t seen a whale transaction THIS BIG in quite some time. This is massive and sends a clear signal that He/She knows something is coming.
This move comes after Shiba Inu token had an impressive rally from the last few days, surging by over 340% in the past 7 days and reaching a new all-time high of over $0.000046.
The last time an anonymous whale bought an enormous 6.3 trillion coins, a couple of weeks later, the Shiba Inu (SHIB) token went bullish, hitting a new all-time high. So, the Twitter user said that this latest whale might know that something big is coming that’s why he or she bought this much SHIB.
Less Than 48 Hours Until Ethereum Altair Update, But 30% of Nodes Are Not Yet Ready
With Ethereum Altair update coming, users are not being dexterous
Ethereum’s main network is getting closer to the new Altair network, which means that the absolute majority of the nodes on the network have to update their clients. According to the Nodewatch service, currently around 30% of nodes remain unsynced.
The new upgrade for Ethereum is aimed purely at validators, and it does not change anything for general coin users. The update affects only the beacon chain consensus mechanism. In addition to users, updates will not have any effect on contracts.
If users act as validators, they will need to download the latest version of their software, which they will be able to find in the table on the Ethereum blog, and restart their nodes as usual.
If node holders decide not to update to the latest version of the software and join the upgraded chain, they will be synced with the old chain after an upgrade on Ethereum occurs. While functioning on the incompatible chain, users will not be able to receive proper rewards and realize them on exchanges.
Validators running on the old network will receive penalties for not participating in the upgraded consensus with respect to the upgraded mainnet.
When the Ethereum community has decided which changes should be made to the network, the change is written by the clients functioning on the network. The changes to the beacon chain protocol go live in a specific epoch (the Altair update goes live at epoch 74240).
Any new nodes with the old ruleset will remain abandoned on the old chain without being able to use new functions, participate in the current network or, in general, utilize the cryptocurrency.