ChianSecurity discovered a new bug in Ethereum Constantinople upgrade that would allow attackers to exploit the hard fork software code and continuously withdraw user funds.
Should the bulls defend the demand level of $109 and the price bounces Ethereum price will resume its uptrend movement and may have its target at the previous high of $164.
Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming).
In case the demand level of $146 does not hold the Ethereum price may find its support at $131 – $109 price level.
Binance has confirmed support for the upcoming Ethereum Constantinople hard fork and said it will “handle all technical requirements.”
As we bid adieu to 2018, here’s a look into the existing status of the crypto market which is currently consolidating around $130 billion of market cap.
Ethereum is the most popular and widely used blockchain project. The recent development of their Raiden Network will make ETH rank way ahead of its closest competitors.
Even though its price fell almost 90 percent, Ethereum was still pretty vivacious in 2018 as it has seen greater adoption, regulatory certainty, and institutional interest indicating that Ethereum is very far from dead. 2019 looks promising as well.
Though this year hasn’t been the best one for Ethereum, everything may change in 2019 after a long-awaited Constantinople upgrade.
In case the bearish pressure continues and there is a bearish engulfing candle breakout and close below the demand level of $121, then Ethereum may have its low at $98 – $109.
As several equity market indices crash out, the crypto market makes a major recovery with overall market valuation growing by 50% in last one week.
SBI’s VCTRADE announced that they have added support for XRP, Bitcoin, and Ethereum. Ripple is excited by this announcement and believes their token, XRP, will achieve worldwide adoption due to the support.
It looks like Christmas came early for Sigma Prime, Prysmatic Labs, and ChainSafe Systems. Vitalik Buterin, self-described as a Non-giver of Ether gave away ETH and announced it on Twitter. Unlike all the fake giveaways by scammers, this time it is real.
Should the bulls succeed in breaking up the supply level of $103, Ethereum price will rally to the north and target the strong supply level of $131.
Ethereum price recovered recently above the $86.00 resistance. ETH/USD is trading with a positive bias and it may perhaps climb above $90.00 if there is no downside break below $85.00. 2019 likely to bring even more price gains for ETH.