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Ethereum (ETH) Defends Ascending Channel, Price Resumes Uptrend

Ethereum (ETH) has successfully defended its ascending channel and now resumed its uptrend. The above hourly chart for ETH/USD shows that Ethereum (ETH) touched the bottom of the ascending channel and bounced back before closing the hourly candle. The next candle visible on the chart is now a green one which is a strong indicator that Ethereum (ETH) has now resumed its uptrend. The price plunged hard the in the past 24 hours after Ethereum (ETH) formed a double top around the $247.81 level. This was seen as a strong resistance and was followed by a massive sell off as...

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Ethereum (ETH) Could Make Or Break The Altcoin Rally

Ethereum (ETH) is about to make or break the altcoin rally. The above chart for ETH/USD tells the whole story and leaves little room for interpretation. The price is currently resting atop the 21 Day EMA. Below that is the 38.2% Fibonacci retracement level. Above the price is the 61.8% retracement level. Having become range bound these past few days, Ethereum (ETH) now has a support at the 21 Day EMA and the 38.2% Fibonacci level. However, it also faces a strong resistance at the 61.8% Fibonacci retracement level. Additionally, there is the trend line support that Ethereum (ETH) might...

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How Zcash Could Help Scale Ethereum Up To 500 Transactions Per Second

Scalability problems plague Ethereum. Often, the Ethereum blockchain is clogged and slow, hardly a surprise given how many projects exist on the Ethereum blockchain though. There could be a new solution within some new practices that have been pioneered within the Zcash network, according to Coindesk: “A form of cryptography pioneered by zcash might help scale ethereum, founder of the platform Vitalik Buterin said on a research forum Saturday. Named zk-snarks, Buterin said, by using the tech, ethereum can potentially scale ‘by a huge amount’ up to 500 transactions per second, without relying on layer-two scaling solutions.” zk-snarks allows huge...

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Opera’s Ethereum Browser Goes Live To Testers

No, Oprah Winfrey hasn’t launched an Ethereum browser, we are talking about Opera, the popular alternative web browser, who’s subsidiary, Opera Labs have finally released a working version of the new Opera Ethereum browser (for testing at least). Earlier this year, Opera for Android announced that they would be integrating a working Ethereum wallet into their browser, paving way for a new drive towards exploring blockchain technology for the Opera team. This wallet was released in June and was soon followed by an announcement that suggested Opera would be releasing a new Ethereum based desktop browser too. As a part...

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Has Ethereum (ETH) Finally Lost Its Charm?

Chart for ETH/BTC (1W) Ethereum (ETH) might have finally lost its charm as we have seen it losing the war on multiple fronts. On one front, it has lost to Ethereum Classic (ETC), on another front cryptocurrencies like Cardano (ADA) and EOS (EOS) are threatening its dominance. Ethereum (ETH) has had enormous success when you consider the thousands of ICOs that have successfully been hosted on the Ethereum blockchain. It was also one of the most profitable coins to hold in 2017 as even investors who were late to the cryptocurrency rush could have profited more than 100x buying just...

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