Ethereum’s Price Rises as DAO Theft Reaches Conclusion
After an eventful and testing summer, Ethereum meets the upcoming new autumn season with a rise in price and confidence. A number of factors are seemly converging to create upwards pressure. The most prominent, Devcon2, is now in just over two weeks with many new projects expected to launch both in Shanghai and elsewhere. A flurry of activity is expected as China, which has already passed Fintech’s tipping point, is introduced to what seems to be a new stage in blockchain tech – proof of concept testing. The week-long blockchain event may be the biggest yet, with thirty projects to demo in....
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Ethereum’s price continues to go through an upward correction. This movement is now very likely to grow into a medium-term turn. A rebound or an upward trend? The upward movement is natural, because it’s common to have a rebound towards the previous trend before a new one starts. After this, we will either see a continuation of the downward trend or a turnabout. Due to its inability to fortify at the level of $8, Ethereum’s price keeps rebounding upward. In the short-term scope this rebound is equal to an upward trend. Consequently, the conclusion of this trend will coincide with the....
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Ethereum’s price has shot back up, bringing cryptocurrency’s market capitalization past $13 billion and bringing Bitcoin’s portion down below 80% The price per Ether has risen to over $14 and its market cap from about $975 million to about $1.2 billion over the last week. Meanwhile, over the same time period Bitocin’s market cap fell from $10.5 billion to $10.28 billion, reducing its share of the global cryptocurrency market cap to below 80%. Ethereum’s successful hard fork, Coinbase integration. The partial price and market cap recovery can be traced to Ethereum’s successful hard fork.....
Ethereum’s price has formed an upward turnaround wave. Will there be a turn? Where will the upward trend be cancelled? There is a fortification at the level of $10, and a turnaround wave has been formed. In such conditions, the odds are lying with an upward turn. I.e. in case of a repeated break through the peak of the wave, the movemet is more likely to go along an upward trend, rather than a downward one. But another option is possible nevertheless. There is always a probability of a cancellation of a movement. That’s why the level protecting the upward trend is at $9.3. A new rebound....