Ethereum’s Road to $2K: 3 Reasons to Be Bullish
Ether recently broke above $1,400 for the first time in two years. Here are three events that could push the price even higher.
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The owner and operator of Silk Road, aliased as Dread Pirate Roberts, announced on August 2nd, 2012 that "The Armory", an extension of Silk Road focused on allowing users to anonymously buy and sell munitions, will be closing. Roberts cited a low and continuously declining number of transactions - enough that the 10% take of Silk Road wasn't even enough to keep the servers paid - as reason for discontinuing this particular arm of the Silk Road marketplace. Some users explain user dis-interest with high prices on The Armory, and too much competition from local dealers, who can still retain....
Crypto analyst Ali Martinez highlighted a bullish indicator that has reappeared on Ethereum’s chart. Based on this development, the analyst provided a price target that the crypto token could reach soon enough. Bull Pennant Forms On Ethereum’s Chart Related Reading: ‘Crypto For Harris’ 2024 US Election Campaign Branded A Fraud Martinez revealed that a bull […]
Online black market Silk Road 2.0 experienced a distributed denial-of-service (DDoS) attack last week, which forced the site's administrators to temporarily suspend services. News of the attack broke on bitcoin forums hours after it started, with the Silk Road team soon confirming the news via its own forums. For reasons that are less clear, black market Agora has faced outage issues problems of its own in the last few days. Silk Road remains defiant. Silk Road 2.0 moderator 'Defcon' issued a statement saying that the site was facing a "very sophisticated" DDoS attack using the most....
Is Ethereum’s recent bullish online sentiment good or bad? Short-term holders are now in the black, is a ‘sell zone’ approaching? The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicates that discussions around Ethereum have switched from highly bearish to predominantly bullish. Historically, this hasn’t meant good news for the token's price.Ethereum’s on-chain activity, measured by unique daily addresses, has rebounded from its nose dive at the end of summer. The latest surge has taken Ethereum to a 3-week high of 420,610 addresses per day —....
A hard fork that split Ethereum’s chain in two was activated on purpose, calling into question Ethereum’s client coordination.