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- Ethereum (ETH) bearish below $ 190
- The Samsung experiment is a sign of confidence on the platform
Start-ups, eager to explore the blockchain, no longer need to start from scratch thanks to Ethereum. Samsung is the last. Two months after the announcement of Ethereum support (ETH) in their S10 Galaxy phones, sources reveal that the electronics giant could soon launch their blockchain and possibly issue their token..
Ethereum Price Analysis
fundamentals
With Ethereum, new businesses no longer need to start from scratch. It does not matter whether they are considering competing with the king as a parallel platform where other start-ups can launch dsDs. Projects such as EOS, Tron and even Binance have all been founded at Ethereum, cementing the richness and diversity of the platform.
Although Tron, Binance and EOS then launched their blockchain, burning their ERC-20 chips, many developers plan to launch their dApps prefer a proven decentralized network that plans to incorporate features allowing it to adapt without sacrificing depth, organizational strengths and openness.
Constantinople was a success and Samsung detects the opportunity to announce its project to launch Serenity. According to internal sources, the South Korean electronics giant, via its Wireless division, is experimenting with and building a main network based on Ethereum. Speaking to CoinDesk, the source said:
"We are currently thinking of the private blockchain, even if it is unfounded. It could also be a public blockchain in the future, but I think it will be hybrid, that is, a combination of public and private blockchains. "
Chandelier arrangement
The graphics and Ethereum (ETH), despite all the fundamentals, remains to recover above $ 170 satisfactorily. At the time of publication, the ETH is fairly stable, with a drop of 1.4% last week.
While risk-free traders can buy declines as long as prices are above US $ 150, the fact that losses on the April 11th bearish bar are visible can trigger a new wave of liquidation, forcing prices below US $ 150. lowest price from April 15th. According to our latest ETH / USD trading plan, the odds of ETH coming back to $ 150, $ 135 and later to $ 100 as Q4 2018 sellers go back, erasing the ambitions of their bulls.
As a result, even if traders are optimistic with fundamentals, there must be a strong recovery pushing prices above $ 190 in an uptrend reversing the fourth quarter of 2018 declines. This will allow conservative traders to trade. Initiate long positions with goals of $ 250 or more. Previously, aggressive traders should ramp up, even with tight stops at $ 150.
Technical indicators
Average volumes are 183k. The April 336 bear bar is our reference. Since prices are still in the lowest range, any movement above $ 190 confirming that April 2 buyers must be accompanied by volumes in excess of $ 336,000.
Chart courtesy of Trading View
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