Bosch new project is expected to be backed by Ethereum. The company has been testing electric-car charging ports that will communicate and transact autonomously with a vehicle, which is a use-case for Ethereum.
Ethereum price is directly on the demand level of $242, should the Bulls exert pressure to break down the level and the 4-hour candle closes below the level, $227 demand level may be the target.
The Ethereum Foundation reveals that over the next year, the non-profit organizations will pump capital into key developments and research projects for Ethereum 2.0 Plasma platform.
The breakout of Ethereum price from the triangle is imminent. Should the Bears exert more pressure, there will be a breakout at the $242 demand level with ETH targeting $227 level. In case the $242 level holds, there may be a breakout at $258 level.
Ethereum price is quickly moving towards the $300 level while there are real doubts about true decentralization of this asset.
In case the Bulls were able to break up the supply zone of $275, Ethereum price will be exposed to $287 level. Should the Bears defend the $275 level, the price may pull back to $258 – $242 level.
Ethereum-based decentralized applications (DApps) continue to draw industry attention as the world’s fifth-largest electrical company tests new solutions pushing Ethereum price up.
The two crypto Mavericks have finally sealed the terms of the bet. While Ethereum co-founder Joseph Lubin is hopeful on the future of DApps, hardcore Bitcoiner Jimmy Song remains highly critical about it.
Through the partnership of a payments startup Flexa and Winklevoss’ Gemini, customers of Amazon’s Whole Foods, Starbucks, Baskin Robbins, and other major retailers can use Bitcoin, Ethereum, Bitcoin Cash, and Gemini Dollar for payments.
The breaking up of $210 level by the Bulls’ momentum will expose the supply level of $218. In case the Bears defend the $210 level, Ethereum price may pull back to $201 level.
In case the Bulls do not lose their momentum and the $178 level does not hold, Ethereum price may reach the previous high of $186 level. Should the Bears defend $178 level, the price may be pushed down to $167 level.
The U.S. Commodity Futures Trading Commission (CFTC) said they are willing to approve Ethereum futures contract – provided it does everything right.
In case the Bulls lose their momentum and the $187 level does not hold, the Bears will push Ethereum price down to $178. However, a further increase in the Bulls’ momentum may push up the price to break up $194 level and expose $201.
In case the Bears maintain or increase their pressure and $159 level does not hold, Ethereum price may decline to $150 level. Should $159 level hold, the price may bounce and the Bulls may take over.
Ethereum price may find its support at a previous low of $150 In case the Bears increase their pressure and $159 price level is penetrated. ETH price may increase towards $178 price level in case $167 price level is broken up by the Bulls.