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- Ethereum (ETH) adds 2.8 percent
- The financing of ProgPOW is secure, the slightest authority in Berlin checks
Ethereum Price Analysis
fundamentals
Ethereum (ETH) is superior and a bitcoin upgrade. Its motto, ETH, can work within an ecosystem, propelling smart contracts as a settlement coin. Moreover, given the infinite number of possibilities that the platform offers visionaries, it is understandable that the community reacts as it did to a single tweet of a word of Elon Musk, the brain behind Tesla and Space X.
Ethereum
– Elon Musk (@elonmusk) April 30, 2019
Although there is nothing to conclude because Elon has not yet responded – they may have put their conversation offline, the interest of such a leader is possible.
You should come to our Devcon in October
– Vitalik non-ether donor (@VitalikButerin) April 30, 2019
In addition, Hudson Jameson, a developer of Ethereum, has confirmed the lifting of $ 50,000 for the audit of ProgPOW.
"The ProgPOW audit will be funded. Everyone has confirmed their funding. This should be started this week or next week, hopefully. There are only a few logistical problems to be solved, which means that people have to sign papers and funds have to be sent. "
He said the funding would contribute to the audit of ProgPOW, a code change aimed at improving the efficiency of the Ethereum GPU miners. By improving efficiency, ProgPOW will reduce the gap created by ASIC miners by ensuring complete decentralization. Least Authority, a Berlin-based company, will check the code.
Chandelier arrangement
Pricewise and Ethereum (ETH), like Bitcoin and Ripple (XRP), bounces on a minor medium while tracing the main trend. Although bearishness may prevail due to bulls' inability to close satisfactorily above $ 170, the fundamental value of this badet would likely stimulate demand, leading to higher prices.
Currently, there is a correction of April 25th losses. In a consolidation, prices are included in the 25th April bearish bar. From a technical point of view, unless the prices do not exceed 180 and 190 dollars, the sellers control the point of view of efforts and results.
Even in this case, the immediate support is $ 145 or around Avr-2 lows. If the bears resurface by canceling the April-2 losses with high volumes, the ETH could then fall to $ 125 or less in the coming days. This will confirm the sellers of the fourth quarter of 2018 and wave the next wave that could see the ETH retest $ 100. On the other hand, a sudden surge of ETH above 190 USD will announce April 2 buyers in a continuation phase of the trend towards 250 USD.
Technical indicators
In the short term, the April 25 bar marks our business plan. Its volumes are high – $ 160,000, so any breaks above $ 190 or $ 145 must correspond to equally high volumes confirming or canceling our ETH / USD business plan.
Chart courtesy of Trading View
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