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Ethereum to Maintain Uptrend | Analysts Predict $300

Following Bitcoin’s rally in recent weeks, there has been a tremendous upward momentum for major cryptocurrencies such as Ethereum that have gained significantly from their yearly lows to the current prices.

Ethereum Headed to $300

Analysts indicate that Ethereum is likely to maintain the current momentum and thus extending its rally towards $300 mark in the near term.

Currently, Ethereum is up about 2% from its $245 daily low and it trading at $251. When considering Ethereum’s price action over time the digital currency has significantly gained from its lows in 2018 of just below $90 and further up the 90-day lows of about $130.  The recent momentum of Ethereum is a result of Bitcoin’s recent rally that saw the price of Bitcoin surge to almost $8400 from lows of around $3000.

The upward surge of Ethereum has allowed it to establish some kind of bullish technical formations which will enable it to surge even higher in the future. The most remarkable formation being sought-after is “golden cross” which will lead to Ethereum surging even further.

In a tweet, Etherdamus confirmed to his over 10,000 followers that Ethereum’s golden cross had been confirmed and in the near future it is expected to show some bullish signs.

Analysts believe Ethereum will maintain upward momentum

Ethereum is thus destined for great highs following this momentum and one analyst holds that there is a potential of the cryptocurrency testing $270 and a break above this mark likely to lead to significant new highs.

Another popular analyst on Twitter, The Cryptomist set a price target of around $269 in the near term from the current support region of $249.

The upward movement of Ethereum and other Altcoins in the near term depends on whether BTC will continue rallying to new highs or it finds resistance and consolidates at its present price levels. A pullback is likely to effects the current market momentum of cryptocurrencies.

Analysts and traders will soon understand where Bitcoin and crypto markets are headed next.

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ethereum

Ethereum Price Jumps 8% | CTFC Approving Futures Trading Soon?

Ethereum is now firmly established as the cryptocurrency with the second biggest market cap after Bitcoin, and more good news could be on the way for the coin if recent reports regarding CTFC approval of Ethereum futures are to be believed.

According to a report from Coindesk, the United States Commodity Futures Trading Commission could be all set to approve it, provided Ethereum passes the commission’s stringent tests. Needless to say, it would be a significant development for the cryptocurrency if it eventually comes to pass.

ETH is up by 8% at the time of writing.

Breakthrough

The main target of many cryptocurrencies is often to get mainstream legitimacy, and it is no different when it comes to Ethereum. This is a particularly significant development since it opens up the field for large institutional investors to get into Ethereum in a big way. If the approval is actually granted, then there is every chance of Ethereum carving out a much bigger niche for itself in the crypto market at large.

For many years, institutional investors have not been comfortable with investing in cryptocurrencies, since crypto exchanges do not provide the sort of security that they look for. Plenty of cryptocurrency exchanges have been attacked, and investors have lost millions over the years. For institutions to invest large sums of money, secure channels need to be available, and the approval of Ethereum futures could be just the instrument to provide this.

>> Pepsi Blockchain Trial a Success: Company Plans to Conduct More Soon

Strong Possibility of Approval

According to an official at the CTFC, there is a definite possibility of Ethereum futures being approved. The anonymous sources stated that once the application comes through to the CTFC, the body reviews the application and, if the requirements are met, permission is granted.

The source went on to state that there is a very high possibility of Ethereum being granted this permission since the CTFC is comfortable with that particular coin. It is important to note that Bitcoin futures have been in circulation since 2017 and with the crypto market rising again, it could be just the right time to introduce Ethereum futures.

Featured image: DepositPhotos © yuliang11

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Ethereum 2.0 Inches Closer | Pre-Release Currently Stable

Ethereum 2.0 is closely approaching. The blockchain project has just launched its first pre-release for phase zero of the network’s transition to the new and improved Ethereum (ETH). Yesterday, Ethereum published a new post on its Github releasing the details of the pre-release.

Ethereum 2.0

The new post explains:

“[This] marks the first release in a series of weekly releases through February 2019. Phase 0 in v0.1 is relatively feature complete and approaching stable. Subsequent changes will occur on dev branch and only merged into master during a release accompanied by a changelog.”

Ethereum 2.0 is also known as Serenity. This is the system’s final upgrade as the entire system shifts from Proof-of-Work (PoW) to Proof of Stake (PoS). The devs behind Ethereum have been steadily working on a solution to switch from PoW to PoS since 2015.

Now it seems the project has a clear plan. Serenity represents the last in a series of four stages set out in the platform’s new roadmap. Currently, the network is in its third development stage. In this stage, there were two system-wide hard forks—Constantinople and Byzantium. Both of these upgrades were to pave the way for Ethereum 2.0. Serenity’s release date is still TBD.

The latest upgrades didn’t come without issue. In Constantinople’s release, a vulnerability issue was immediately discovered and dealt with.

Ethereum 2.0 Buzz

>> IBM Blockchain Trial Successfully Completed with Mandarins

The Ethereum community is buzzing at its latest development. Even Ethereum’s co-founder, Vitalik Buterin, responded to the buzz via his personal Twitter.

In October of 2017, Casper FFG was released. The consensus model was aimed at a PoS-PoW hybrid consensus model designed to provide stronger economic finality and security.

This is big news for ETH investors and those interested in Ethereum. At the time of writing, ETH is trading at $107.05 a share, up 0.13% today. The digital currency remains the third-largest cryptocurrency by total market cap, just behind XRP.

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Ethereum Hard Fork Draws Near

Ethereum (ETH) is up over 71% for the month, as its devs prepare for its upcoming hard fork. The major hard fork was supposed to take place in 2018 but was pushed back. Since then, the whole Ethereum community has been steadily working to bring this thing to life. Now, it finally has an end date. The hard fork is scheduled to occur on block #7,080,000, which should happen around January 16th.

Ethereum Constantinople Countdown

This particular hard fork has been in preparation since 2017, and it promises key upgrades to the Ethereum network.

In addition to the upgrades to Geth and Parity, Rinkeby will also receive an upgrade. This testnet hard fork is set to take place tomorrow at 13:00 UTC. The Ropsten Testnet was the first to receive an upgrade, back in October. However, it was plagued quickly with several issues. This is what caused Ethereum Constantinople to be pushed back.

>> GMO Internet Group Takes Big Hit in Mining Revenue Yet Increases BTC Rewards

After this upgrade failure, a core developer of Ethereum said that they had discovered a consensus bug in the Parity implementation of Ethereum. In addition to the bug, there were also concerns that there weren’t enough miners on Geth, Parity, or Aleth for Ropsten. Hopefully, the upgrade expected on the 16th will go without flaw, considering how long it’s been in preparation.

Ethereum (ETH) Price Rise

This past month, ETH has rose a substantial amount. The cryptocurrency market received quite a boost around Christmas. Since then the market has corrected some but on a better path than 2018.

At press time, ETH is trading at $150.57 a share, down -1.03% in 24 hours. For the week, ETH is up 8.1% and for the month, the digital currency is up 71.1%. ETH is currently the second-largest digital currency by total market cap. Currently, the total cryptocurrency market cap is sitting just above $135 billion.

Are you ready for the Ethereum hard fork?

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EOS and Ethereum (ETH) Update, is 2019 Their Year?

Today, we’re taking a closer look at EOS and Ethereum (ETH).

The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a nosedive in January of 2017 and continued to slide all year. In mid-April and early-May, the market began to correct and saw consistent strong gains, only to correct and downslide again. 

EOS

EOS remains the fifth-largest cryptocurrency by total market cap. The blockchain project is run by Block.one. Last year, Block.one held the EOS Global Hackathon, which gave prize money for building on the EOS blockchain.

It seems the marathon was deemed a success, due to the company’s latest tweet. Despite the downturn of the crypto market in 2017 and loss of jobs across the board, Block.one is hiring in 2019.

Many major blockchain projects and news outlets had to make job cuts throughout 2018 due to lack of interest and money being poured into the industry. It seems EOS is going strong, despite the dip.

According to CoinMarketCap, EOS is currently trading at $2.67 a share, up 0.11% in 24 hours.

Ethereum (ETH)

Ethereum had quite a bull run this past week and regained its second-largest cryptocurrency by total market cap spot once more. ETH is up over 11% for the week.

>> Ethereum will Hold Apple and Tesla Stock Next Week

Vitalik Buterin has been tweeting his opinions on government and the world lately, but not giving Ethereum updates. However, just before Christmas, the Ethereum co-founder reminded the crypto community of this:

Casper is an important progression in Ethereum, so positive movement none-the-less. The co-founder has never concerned himself with the price of ETH and has always focused on the tech. Proof-of-stake implementation on the Ethereum blockchain began back in June of 2018 and developers are steady at work advancing it.

According to CoinMarketCap, ETH is currently trading at $150 a coin, up +0.91%.

Will 2019 be a strong year for EOS and Ethereum (ETH) foundationally? We shall see!

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