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- Ethereum (ETH) stable above $ 150
- After rumors of public-private blockchain, Samsung invests in cryptography projects
Samsung invests in cryptography projects. Through Samsung Ventures, the electronics giant transferred $ 2.9 million to the general ledger before investing an undisclosed amount in ZenGo, which raised $ 4 million. Meanwhile, Ethereum (ETH) is recovering after testing the $ 150 support again.
Ethereum Price Analysis
fundamentals
Talks on Ethereum 2.0, Serenity and EIP 1234, Samsung's involvement is huge for Ethereum (ETH). As a reiteration, Samsung is experimenting and some of its tests could lead to the publication of Samsung Coin.
It is actually an approval of Ethereum as a reliable blockchain, with robust dimensioning and network development plans to deal with the heavy loads of an established electronics giant. Add to that the Samsung Galaxy S10 Blockchain Store that supports Ethereum (ETH) and ERC-20 chips, and investors will not need additional signals to indicate what the future holds for them.
In addition, Samsung Ventures invested $ 2.9 million in Ledger and transferred an undisclosed amount to ZenGo, raising $ 4 million from several investors, including Elron and Benson Oak Ventures. Even though Ethereum 2.0 may take months to fully implement, Joseph Lubin's confidence that ETH would explode 1000X in two years suggests what is waiting for the second largest cryptocurrency in the world.
Chandelier arrangement
After the events of April 25th, Ethereum (ETH) prices fell back to $ 150 during a new test phase. Due to the deep and unexpected slip, the fall of ETH caused an excessive spread. Closing below the lower limit, there was a temporary undervaluation and a correction on April 26 could spark a new wave as buyers return, canceling the losses.
As it stands, Ethereum (ETH) is neutral but with bullish trends, it all depends on the ability of buyers to withstand losses of less than 2 low points. It should be noted that the 2 April bar, in the light of recent events, anchors our badysis. In addition, as prices in excess of US $ 150 have prompted short-term buyers to reach US $ 170, they are guiding our short-term trajectory in the short to medium term from the point of view of effort versus performance.
Therefore, even if we are optimistic, it is of utmost importance that buyers close above $ 170 canceling the fourth quarter of 2018 bear and $ 190 confirming April 2 buyers in a trend to down to $ 250. In the past, traders who do not fear risk should stay on the sidelines until our market conditions are true.
Technical indicators
The April 2 bullish bar guides our trading plan while April 25 is our benchmark in terms of the effort versus the bottom line. For the trend to continue, the April 25 bears must be canceled. To propel the ETH to new heights, volumes are expected to exceed 239k from April 25th.
Chart provided by Trading View.
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