Ethereum (ETH) Price Weekly Forecast: Crucial Support At Risk

ETH price is facing a strong resistance near the $184 and $185 levels against the US Dollar. The price is trading above the key $178 support, which remains at a risk. There is a crucial bearish trend line forming with resistance near $186 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently declining and it might struggle to clear the $178 and $176 support levels. Ethereum price is showing bearish signs below $185 against the US Dollar, similar to bitcoin. ETH price remains at a…

Ethereum (ETH) Trading Near Last Line of Defense

Ethereum price is struggling to climb higher above the $188 resistance against the US Dollar. The price is currently trading near the $182 support area, which holds the key. There is a key bearish trend line forming with resistance near $185 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is declining and is struggling to stay above the $8,500 support area. Ethereum price is facing a fresh round of selling versus the US Dollar, similar to bitcoin. ETH price remains at a risk of more downsides if…

Ethereum (ETH) Could Break Higher After Long Consolidation

Ethereum price seems to be consolidating for quite some time above $180 against the US Dollar. The price could start a strong upward move above $190 as long as it is above $180. There is a short term ascending channel forming with support near $186 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is still capped by the $8,880 and $8,960 resistance levels. Ethereum price is trading in a broad range versus the US Dollar and bitcoin. ETH price remains well bid above the $178 support and…

Ethereum (ETH) Holding Key Support But For How Long?

Ethereum price is trading nicely above the key $182 and $180 support levels against the US Dollar. The price is currently facing many resistances such as $187, $188 and $190. Recently, there was a break above a connecting bearish trend line with resistance near $185 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is holding the $8,650 support, but it remains at a risk of more downsides. Ethereum price is still stuck in a broad range versus the US Dollar, while bitcoin is facing selling pressure. ETH…

Ethereum’s Founder Joe Lubin Discusses ConsenSys, Ethereum 2.0 and China

In a rather lengthy but surprisingly interesting interview with Forbes, one of Ethereum’s founders, Joe Lubin, gave an in-depth insight into what Ethereum 2.0 is all about including the different stages associated with the project and how Ethereum 2.0 would change the world for good. One of the most fascinating points in the interview was that Lubin stressed his willingness to work with the Chinese government and probably teach them a thing or two about the perks of a public blockchain. ConsenSys Lubin, the co-founder of Ethereum who also successfully…

Ethereum (ETH) Stuck In Range While Bitcoin Is Sliding

Ethereum price failed to continue above $190 and declined below $188 against the US Dollar. The price is currently correcting higher, but it is likely to face resistance near $187-$188. There is a connecting bearish trend line forming with resistance near $187 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is trading with a bearish angle below the $8,950 and $9,000 resistance levels. Ethereum price is trading in a broad range versus the US Dollar, while bitcoin is struggling. ETH price might revisit the $182 range support…

Ethereum Express Announces New Proof-of-Authority Consensus Model to Digitize Trust

Since the dawn of mankind, the issue of trust has been a determining factor in the relations between individuals, groups and even states. The evolution of trust is continuing with the development of ever more elaborate instruments that would ensure the fulfillment of obligations by parties to an agreement. The digital age has ushered in new systems for ensuring the integrity of trust. The development of blockchain sheds new light on the possibilities that digital systems can introduce in trust. Businesses are always looking for new methods of improving their…

Ethereum (ETH) Recovering Nicely While Bitcoin Runs Into Resistance

Ethereum price is up more than 3% and recovering above $188 against the US Dollar. There was a decent upside correction from the $180 support area. There is a key bullish trend line forming with support near $186 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is gaining momentum, but it is now trading near a crucial resistance at $9,100 (as discussed in the weekly forecast). Ethereum price is recovering nicely above $188 versus the US Dollar, similar to bitcoin. ETH price might recover further towards $195…

IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’

IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network. 1,000 times faster In an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups (O2Rs), reaches block finality in 10 minutes. The company also says that this is about 1,000 times faster than the Optimistic Rollups (ORs) developed by Ethereum scalability development organization Plasma Group — which achieves block finality in two weeks. Rollup solutions scale by moving computation off-chain and…

IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’

IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network. 1,000 times faster In an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups (O2Rs), reaches block finality in 10 minutes. The company also says that this is about 1,000 times faster than the Optimistic Rollups (ORs) developed by Ethereum scalability development organization Plasma Group — which achieves block finality in two weeks. Rollup solutions scale by moving computation off-chain and…