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- Ethereum stable price above $ 135
- Tron not a worthy competitor
- Participation decreases as prices fall
Vitalik is confident and, even if he does not consider Polkadot a competitor, he will lose some confidence in humanity if Tron outperforms Ethereum in capitalization or development. At the time of the press, Ethereum (ETH) is flat with unfavorable candlestick patterns.
Ethereum Price Analysis
fundamentals
Vitalik is frank. He acknowledges that the scene of smart contracts is heating up and that Ethereum may have slipped, losing its ranks.
He is unperturbed and confident that despite everything, he is not worried. In particular, he does not lose his sleep with emerging chains of blocks like Polkadot. Polkadot has collected millions of dollars and claimed to use a "heterogeneous multi-channel technology" guaranteeing that "transactions can be spread across all channels, allowing much more to be processed at the same time".
Afri Schoedon, a former Ethereum developer who abandoned the project, acknowledged that "Polkadot is not a direct competitor of Ethereum and that channels like Ethereum have always been an integral part of Polkadot's vision." the heart causing him to lose "a certain amount of hope for humanity" is if Tron usurps Ethereum. In the same interview with Laura Shin, he expressed confidence that his platform would not violate securities law and that ICOs would continue to deploy regardless of the crowdfunding platform.
Chandelier arrangement
At the time of writing these lines, it is clear that the Ethereum prices are down. ETH is in second place but stable, but under pressure after the liquidations of March 21st.
Nevertheless, we are optimistic and expect that prices will be supported at $ 135. After that, prices will probably go up to $ 150 and later to $ 170.
Previously, it all depends on the price response on our help line, confirming or canceling the March 5th earnings. In the latter case, the fall of the February 24 bear would be announced. ETH / USD business plan.
Technical indicators
The twin-bar bull inversion model 4-5 March founds our bullish vision. Asserting the bulls will be a sharp rise above $ 150 or $ 170 with volumes exceeding 302k and even 880k from February 24th. On the other hand, any sales with equally high volumes pour cold water on our forecasts, canceling our position as ETH sinks to $ 100.
Chart courtesy of Trading View
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