Ethereum Price Rises as Corporations Move In
Ethereum’s price rose 7% over the past 24 hours, continuing an apparent up-trend, increasing to $14.50, up from around $10 at the beginning of the month. Price Rises in Anticipation of Enterprise Ethereum – image from poloniex The main reason appears to be Enterprise Ethereum. Details are sparse, but a launch event is to be held tomorrow, on the 28th of February, at what appears to be JP Morgan’s offices in Brooklyn, New York. According to the event’s website: “[S]ome of the largest corporate users of Ethereum will demonstrate the most mature enterprise applications of blockchain running....
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Ethereum price gained pace for a move above the $2,550 resistance zone. ETH is now consolidating near $2,680 and eyeing more upsides above $2,750. Ethereum started a decent increase above the $2,450 and $2,550 levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,720 resistance zone. Ethereum Price Eyes More Gains Above $2,720 Ethereum price started a steady upward move above the $2,450....
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