No, Courts Cannot Force Changes, Ethereum (ETH) Bullish Above $170

Ethereum prices up but bears may stage a comeback
Decentralization effectively neutralizes threats

Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern
Thursday December 05, 2019

The crypto industry is full of eccentric characters, controversy, and memes. One such meme has emerged, called the “Bart” or “Bart Simpson” chart pattern, that occasionally appears on Bitcoin price charts. But what exactly...

The post Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern appeared first on 12bitplay - Bitcoin Play.

Jimmy Song, a Bitcoin supporter, asked a question on matters touching decentralization and Vitalik answered him correctly. In a system with no attack vectors that to complete distribution, the will of the people wins. It may be why most projects launch their dApps from Ethereum (ETH) driving demand and prices.
Ethereum Price Analysis
Fundamentals
Competition may be heating up. All the same, Ethereum is the indisputable king of smart contracts, and the native currency is the second largest by market capitalization. With a technical and firm leader spearheading the project, Ethereum is unassailable, decentralized and above all, attractive for projects.
In a recent study by Dapp.com, it is evident that despite what competitors like Justin Sun’s Tron and EOS put on the table plus a scalable platform, most are gravitating towards Ethereum thanks to security, distributions, and levels of development.
Even so, most of these dApps are low in activity leaving gambling apps to dominate in Tron and EOS. Aside from network and dApp activity, unlike Bitcoin with a faceless leader, every minor detail about Ethereum is focused on Vitalik Buterin. He may not be the leader—as the network is decentralized but can be referred to because he conceived the idea.
However, Jimmy Song, an outspoken educator and supporter of BTC, is now asking an “honest” question asking the community what would happen if “US court orders Vitalik to hard fork ETH to allow people who lost money on the parity bug to recover it.” It got the attention of Vitalik, who dug up his archives, revealing how he tackled a similar question in the past while highlighting that even in the face of threats, decentralization always wins.

Bitcoin On-Chain Momentum Bullish Again, Traders May Push Prices Higher
Saturday December 07, 2019

While some analysts are still expecting Bitcoin (BTC) to fall further, it appears that fundamentals and on-chain metrics are starting to imply bulls have the upper hand. Related Reading: Bitcoin CME Futures Gaps Are Filled...

The post Bitcoin On-Chain Momentum Bullish Again, Traders May Push Prices Higher appeared first on 12bitplay - Bitcoin Play.

Honest question: what would happen if a US court orders Vitalik to hard fork ETH to allow people who lost money on the parity bug to recover it? Further, what happens if Vitalik refuses, is found in contempt and starts sitting in jail?
— Jimmy Song (송재준) (@jimmysong) April 11, 2019

Ripple (XRP) Price Starts Fresh Decrease: BTC & ETH Trimming Gains
Tuesday December 10, 2019

Ripple price is currently declining from the key $0.2320 resistance area against the US dollar. The price is now trading below $0.2260 and it is showing a few bearish signs. Yesterday’s major bullish trend...

The post Ripple (XRP) Price Starts Fresh Decrease: BTC & ETH Trimming Gains appeared first on 12bitplay - Bitcoin Play.

Candlestick Arrangements

From the charts, Ethereum (ETH) is up 4.3 percent in the last week. Even so, traders should note that ETH bulls are not entirely on the clear. If anything, should prices collapse below $150 reversing Apr 2 gains then up-thrust above $170 would automatically be a false breakout.
In such a scenario, ETH would most likely melt back towards $135 as bears of Feb 24 once again hound traders, crashing stops in a cascading effect.
At the moment and thanks to an upbeat market, traders are bullish. However, for that assertion to be true, then we need a firm close above $190. That will confirm bulls of last week  in  a trend continuation phase.
Technical Indicators
For the above to hold true, accompanying volumes driving ETH above $190 ought to be with high transaction volumes. Ideally, that demand a spike in participation levels above averages of 384k, 575k of Apr 2 and most importantly, 880k of Feb 24.
Chart courtesy of Trading View
The post No, Courts Cannot Force Changes, Ethereum (ETH) Bullish Above $170 appeared first on NewsBTC.

You may also like...