Ethereum (ETH) Currently Overvalued, Correction May Be Inbound

Ethereum (ETH) up 37.9 percent, a retest of $200 likely Barry Silbert of Digital Currency Group (DCG) is confident that prices will snap back to trend. With supportive technical and fundamental factors, Barry Silbert is positive that asset prices will shake off sellers. Meanwhile, Ethereum (ETH) is stable and up 37.9 percent in the last week. Ethereum Price Analysis Fundamental There is an element of resiliency in the ongoing correction. At the back of increasing awareness, an inclination towards data privacy and control, volatility and infrastructure development, today’s dip is…

Samsung News Bodes Well For Ethereum (ETH), Even Amid Price Crumble

Ethereum (ETH) fall 11.7 percent Samsung could introduce crypto and blockchain functionality in their budget phones In correction of mid-this week’s rapid expansion, Ethereum (ETH) is down 11.7 percent even as reports suggest that Samsung will roll out cryptocurrency and blockchain functionality in their budget phones. Ethereum Price Analysis Fundamentals Like all liquid assets, Ethereum (ETH) is nose diving. At the time of press, the second most valuable asset is down, falling 11.7 percent to $235. But, after days of impressive gains, surging 55 percent mid this week, a cool…

Even With Samsung, Ethereum (ETH) Bulls Must Nullify Q4 2018 Bears

Ethereum (ETH) steady above $150 After rumors of a public-private blockchain, Samsung investing in crypto projects Samsung is investing in crypto projects. Through Samsung Ventures, the electronics giant channeled $2.9 million in Ledger before investing an undisclosed amount in ZenGo which managed to raise $4 million. Meanwhile, Ethereum (ETH) is recovering after retesting $150 support. Ethereum Price Analysis Fundamentals Talks of Ethereum 2.0, Serenity and EIP 1234 apart, the involvement of Samsung is massive for Ethereum (ETH). As a reiteration, Samsung is experimenting and part of their trials may lead…

Leaked Letter Exposes Infighting Atop Flagship Ethereum Project MakerDAO

The non-profit entity behind ethereum’s hottest decentralized startup is wracked with infighting, a legal letter obtained by CoinDesk reveals. The letter, dated April 1, is from an attorney representing five board members of the Cayman Islands-based MakerDAO Ecosystem Growth Foundation (MEGF) who say they were pressured to resign by CEO Rune Christensen in late March. The MakerDAO Foundation controls roughly 30 percent of all the MKR tokens in existence and its nine-person board is tasked with overseeing funds related to the development of the network. The network itself runs a…

Despite Dropping, Ethereum (ETH) is Bullish and May Even Be a Store of Value

Ethereum (ETH) prices drop 5.5 percent from $170 The development of Ethereum 2.0 will reinforce ETH Despite competition and the threats of Binance Chain, Ethereum will leverage on their first mover advantage as a time-tested platform and recover. Besides, the promise of Ethereum 2.0 and implementation of EIP 1234 means scarcity and ETH holders would be the primary beneficiaries. Ethereum Price Analysis Fundamentals That Ethereum is enjoying a first-mover advantage in a field that is already crowding with competitors offering faster and cheaper alternatives is correct. Entrants like Tron, EOS…

French Banking Giant Issues $112 Million Bond on Public Ethereum Blockchain

The blockchain bug seems to have bitten French banking giant Societe Generale to a point of no return. A little over a year ago, the third largest bank in France by assets unveiled a blockchain-based trade finance platform for all its corporate clients, the we.trade platform. Now Societe Generale has found another use case for blockchain technology – bond issuance. In a statement, the giant lender has revealed that its covered bond unit, Societe General SFH, has issued its first covered bond on the Ethereum blockchain worth over $110 million.…

Binance Births its Own Decentralized Blockchain to Challenge Ethereum

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Binance, the world’s largest crypto exchange with over 10 million users, has launched its own blockchain – the Binance Chain mainnet today, a highly anticipated blockchain protocol aimed…

Ethereum (ETH) Price Hits The $175 Target, $182 On The Horizon?

ETH price extended gains and rallied towards the $175 resistance area against the US Dollar. The price pumped sharply above the $169 and $170 resistance levels to test $174. There is a solid bullish trend line formed with support at $168 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near $170 and it could continue to rise towards $180. Ethereum price climbed higher above key levels versus the US Dollar, along with bitcoin. ETH remains well bid and it seems…

Ethereum (ETH) Under Pressure despite Vitalik Updates

Ethereum prices steady below $170 A large team working towards Ethereum 2.0, Vitalik updates Vitalik is confident that Ethereum 2.0—a state of perfection reflected by high throughput and a scalable network, is right on track. All the same, prices are back to range-mode, and any break above $170 will signal trend continuation. Ethereum Price Analysis Fundamentals No doubt, Ethereum is the king smart contracting. As always, there are benefits that trailblazers or leaders get to enjoy. Because it is a public chain and an improvement of what was a renowned…

Ethereum (ETH) Price Corrects Sharply: Is This Buying Opportunity?

ETH price traded further higher towards the $180 level before correcting lower against the US Dollar. The price dipped sharply below the $170 and $165 support levels to move into a short term bearish zone. Yesterday’s highlighted key bullish trend line was breached with support at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair found a strong buying interest near the $155 support and it is currently moving higher. Ethereum price started a major downside correction after a massive upside versus the US Dollar and…