The ETH stopped rising for a while on June 20, now consolidating around $267.78.
The bullish breakout at $227 supply zone is envisaged should the Bulls gain enough pressure and Ethereum price may rally to the previous level of $289. In case the Bears continue to defend the $227 level consolidation may continue.
MetLife’s Singapore-based incubator LumenLab has partnered with media corporation Singapore Press Holdings (SPH) and insurance company NTUC Income (Income) to roll out Ethereum-based smart contract platform known as Lifechain.
Cloudflare adds Ethereum Gateway to its Distributed Web Gateway toolset now enabling its users explore the blockchain without having to download any app.
Should the Bears continue to exert pressure as it is currently displaying, Ethereum price may retest $258 demand level. The interruption of the Bulls to the Bearish current movement will push up the price to reach $289 level.
A new version of Ethereum to be introduced on January 3, 2020. The launch of Ethereum 2.0, which apart from other things is aimed to address scalability and transaction speeds, will also mark Bitcoin’s 11-year anniversary.
COR Index published its latest monthly report of key crypto exchange data. The report is based on figures gathered from over 150 cryptos and the top crypto exchanges.
Two blockchain startups partnered up to enable Amazon consumers use Ethereum for payments. For this to come true, CLIC Technology is collaborating with Opporty for an app-like browser extension.
After the Ethereum price retest, the bullish momentum may place the price at $289 level in case the Bulls defend the $259 level.
Ubisoft has revealed their interest in the blockchain technology with an official announcement that they could launch several applications on the Ethereum Blockchain causing ETH price surge.
The crypto market has responded positively to apparent demand from venture capitalists and institutional investors. Analysts think that none of the Bitcoin’s previous price rallies had the same optimism.
In case the Bulls breakout at the upper trend line of the wedge, Ethereum price may rally towards $289 level provided the Bulls penetrate $258 level. ETH price may reverse as it has touched the upper trend line of the wedge.
Andrew Keys, the co-founder of ConsenSys, joined DARMA capital crypto investments fund as a managing partner. Together with Keys, DARMA is set to position their accredited investors for a decade long Ethereum bull run.
The ETH is going down slightly Thursday, trading at around $245.01.
Should there be a breakout at the upper trend line of the wedge by the Bulls; Ethereum price may rally towards $289 level provided the $258 level does not hold. If the Bears push the coin and it breaks out at $225, the price may find support at $191.