A Strong Uptrend Is Forming For Ethereum And It Could Rally To $200

Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area. ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar. The price traded to a new 2020 high close to $180 and it is currently consolidating gains. There is a key rising channel forming with support near $172 on the 4-hours chart of ETH/USD (data feed via Kraken). Bitcoin is up around…

Ethereum 1.x Devs Focusing on ‘Stateless Clients’ to Curb Chain Bloat

While Ethereum continues to develop the next stage of its evolution with the sharding-enabled Ethereum 2.0, a group of developers will focus on the existing chain to maintain its operability during the transition.  Dubbed Ethereum 1.x, the project’s goal is to maintain Ethereum’s (ETH) usability while the Serenity upgrade is being worked on. As explained in a Dec. 10 blog post by Ethereum Foundation (EF), the new version is still years away: “Our story begins with a realization by core developers that the final phase of the Ethereum roadmap, ‘Serenity’,…

Ethereum Set For Further Gains In Light of Fresh Technical Breakout

Ethereum found support near the $158 level and started a fresh increase, similar to bitcoin. ETH is gaining momentum and it could soon break the $170 resistance. Ether price started a fresh increase after it found support near $158 against the US Dollar. Bitcoin price is also rising and trading nicely above the $8,650 level. Yesterday’s highlighted key declining channel was breached with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now showing a lot of positive signs and it could continue…

Here Is Why Dips In Ethereum Could Be A Trap By The Bulls

Ethereum rallied towards $170 and bitcoin jumped towards $9,000 before starting a downside correction. However, dips in ETH price remains supported near $158 and $155. Ether price started a downside correction the new 2020 high at $172 against the US Dollar. The price is currently trading below $165 and it could extend its decline. There is a major declining channel forming with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could test the key $155 support area before it starts a fresh increase…

NBA Team Auctioning Basketball Star’s Jersey on Ethereum Blockchain

The Sacramento Kings will auction off starting guard Buddy Hield’s game jersey from Wednesday’s game against the Dallas Mavericks using a blockchain-powered marketplace. Alongside ethereum project incubator ConsenSys, the Kings announced today that it would be auctioning off team memorabilia live using an ethereum-based platform operated by Treum, a supply-chain product. The platform will be used to verify the provenance of athletic collectibles, with auctions running live during and after NBA games.  The platform will help ensure that all items being sold are authentic, said Tyler Mulvihill, Treum’s co-founder.  “We’ve…

Enterprise Ethereum Alliance Launches Testing Ground for Blockchain Interoperability

The Enterprise Ethereum Alliance (EEA), the standards group where finance and other industries explore private versions of ethereum technology, has launched a testing ground to bring about certified, branded and harmonized business uses by the end of 2020. The EEA TestNet will operate as a pre-certification sandbox, where forks of ethereum can be standardized according to certain specifications set out previously by the EEA, which will make them interoperate with each other. There are now hundreds of companies working on enterprise versions of ethereum, plus an entirely new cohort of…

Ethereum Rallies 15% But Here Is Why It Could Correct In Short-Term

Ethereum is up more than 15% and it broke the key $150 and $160 hurdles versus the US Dollar, while bitcoin jumped above $8,800. However, the current price action suggests ETH could correct towards $160 before it continues higher. Ether price rallied significantly after it broke the $148 resistance area against the US Dollar. The price even surged above the $160 level and traded as high as $171. There is a key bullish trend line forming with support near $162 on the hourly chart of ETH/USD (data feed via Kraken).…

Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’s Why

Major crypto assets like EOS, Litecoin, and Ethereum are up by around five percent on average, and investors have been quick to call the start to an altseason. In crypto, an altseason refers to when so-called alternative cryptocurrencies begin to surge in value amidst rising momentum in the market. Many crypto assets have increased significantly in value over the past two weeks, but considering their steep fall from record highs and their performances in comparison to bitcoin, it is still too early to call it an altseason. How have major…

Ethereum to See Biggest Upgrade Ever Says Investment Fund, And Future is “Bright”

Ethereum, the second most valuable blockchain network in the global market, will see its biggest upgrade ever soon. Chromatic Capital managing director Grant Hummer says if successfully implemented, it will create major improvements that would make the so-called “ETH 2.0” significantly better than the current version. For many years, the Ethereum developer community has tried to implement second-layer solutions and make a big pivot to the proof-of-stake (PoS) consensus algorithm. Unlike the proof-of-work (PoW) algorithm, which requires miners to mine blocks to process transactions like with bitcoin and Ethereum’s current…

Ethereum Gearing For Another Lift-Off To $160: Uptrend Isn’t Over Yet

Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance. Ether price is showing a lot of positive signs above the $142 and $145 levels against the US Dollar. It is currently trading near the key $148 and $150 resistance levels. There was a break above a major triangle resistance near $146 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct a…