After two delays, the Constantinople and St. Petersburg hard forks have finally gone live. With this release, four different Ethereum improvement proposals (EIPs) have been officially activated.
The latest CCID rankings suggest that the tokens with blockchain networks that let developers create smart contracts and run dApps are better than several other major cryptos in terms of applicability. EOS, Ethereum and Tron ranked highest.
In less than 12 hours, Constantinople and St. Petersburg hard forks will go live. But before any network upgrades are applied to the main network, they take place on test networks, such as Ropsten.
Should the bears increase its pressure, support zone of $134 will be broken and the coin may find its low at $114 – $101, but in case the demand zone of $134 holds, there will be a bullish rally of Ethereum price towards the previous high of $161.
Vitalik Buterin, the co-founder of the second largest cryptocurrency Ethereum, tweeted about XRP, stating that ‘it’s better sound money than Bitcoin.
Though the Constantinople hard fork has been already postponed twice now it is expected to occur together with the St. Petersburg upgrade this week.
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In case the previous high of $161 price level is breached by the bulls, Ethereum price may have its target at $194 supply zone. On the other hand, should the bears defend the $161 price level; ETH price will fall towards $134 – $117 price level.
The alleged creator of the world’s first cryptocurrency, Dr Craig Wright ignites the fierce competition between Bitcoin and Ethereum blockchain making his contribution to the CFTC’s callout.
The overall cryptocurrency market posts steady recover on Monday with Ethereum taking the lead by surging over 10%. Take a look if today’s surge sets up the base for the long term recovery.
Nasdaq has partnered with New Zealand based Blockchain data firm Brave New Coin to add Bitcoin (BTC) and Ethereum (ETH) indexes to its family of 40,000 indexes.
Continuation of bullish trend is guaranteed as long as the bulls maintain or increase their pressure; otherwise, in case the bears reject a further increase in Ethereum price, the coin will found its support at $101 price level.
Buterin and Sun seem to continue trolling one another. This time, amid the upcoming Saint Valentine’s Day, Tron founder is preparing some surprise for Ethereum creator.
At a recent blockchain conference that happened in San Franciso, Vitalik Buterin, Ethereum creator, answered a question about whether an Ethereum upgrade would have “any transaction throughput goals.”
In case the bears defend the $115 supply level, then Ethereum price may further decline and find its support at $85 after the $101 price level is broken.