Troubles of Ethereum Continue, With Final Solution Still Not In View
Since the June 17 attack on the DAO, the Ethereum Network has not remained the same. Evident in this scenario is the falling price of the network’s cryptocurrency, Ether. Soft fork. Speaking during the Dutch Blockchain conference, Gavin Wood, co-Founder of Ethereum said: “Assuming no further security issues, stolen Ether will remain illiquid for 39days. Then it will be completely fungible and may be exchanged or sold”. Wood outlines the three possible options available for the Ethereum community in handling the DAO attack: Do Nothing: By taking this approach, Wood says that most of the....
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Ethereum classic price may have tempted a few investors, but in my view, it must get stable first before putting money into it. Key Highlights. Ethereum classic is making a lot of noise from the past couple of days, as there were a few swing moves in ETH/BTC. The ETC/BTC price went from a low of 0.0006BTC to 0.0048BTC high, but failed to retain traction. There was a contracting triangle pattern formed on the 30-min charts of ETH/BTC, which was cleared to open to the doors for a downside move. Ethereum Classic Price Sell. Ethereum classic price ETC was in the news recently for many reasons.....
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Ethereum price moved down as forecasted to create a new low. It looks like one more push down is possible as long as the trend line resistance holds. Ethereum price ETH continued to struggle and my view of it moving down further paid well. I think it’s time to book profits if you are trading conservative. For aggressive traders, I suggest to move the stop to break even and wait for a final downside thrust. There is a high probability of ETH/USD moving down further, and testing the $8.20-10 support area where buyers may appear. On the upside, yesterday’s highlighted bearish trend line on....
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