- Ethereum (ETH)
- Last comments of Constantinople and SEC President may mobilize the ETH Bulls.
- Participation is low but the price is likely to rise when projects demand coins.
I Kriptokoin.co ’As expected, SEC President Jay Clayton made a statement and confirmed that Ethereum was not considered a security. After this development, what kind of comments were expected to be made about the expectations of Ethereum followers. Here is an Ethereum review after your SEC readers' announcement to our dear readers.
First of all, Constantinople is trying to benefit Ethereum as a sign of an intention and a crypto currency. In the meantime, considering the possibility of the ETH prices to rise above $ 170 in the face of the platform demand, there is an upward trend in price forecasts.
Ethereum Price Analysis-Foundations
We must accept that the crypto currency is just different as a whole. We are in the early stages of adoption, and before these global products enter the mainstream, developers must maintain a delicate balance that leads to usability while simultaneously protecting users.
Therefore, the main task is to draw attention to this balance. Until now, there was an obstacle, and the crypto currency of a network will expand according to what the SEC will make clear about that money. In such a case, much needs to be done to improve the user experience.
The assurance that comes with control adds to the difficulty of being responsible for the securities and being a risk manager. Therefore, most people are hesitant to obey the opinion of the majority. Likewise, network developers are also working on a foundation, and in spite of a full immature UX, speed, cost, interoperability, and scalability are top priority.
Candlestick Chart Arrangements
At the time of writing, the ETH can only be as stable. It's easy to understand why. First, let us note that the lowest prices on March 5 are still fluctuating. In an effort to conclude the result, the view points to the bull. Add to that the bears fail to attract the price down to a very low value of $ 135, as in the previous ETH / USD price analysis. You will see that these points present an opportunity to purchase.
If we continue, we expect prices to rise in this $ 5 trading range as demand increases at lower time intervals. As before, aggressive investors have entered bottom prices. 170 Dollar levels with a realistic first goal with tight stops. The level actually shows the level of breakdown in the previous support situation and the price drop in November 2018.
As a result, the price rises above this level is critical as these fluctuations override the bearish pattern and the resumption of the potential trend.
In addition to the high-volume bull-rods between February 18 and February 24, our link bar stands on March 5th. Behind the ETH resurrection pressure, the double bar bull rotation arrangement is in high volumes with a number of 302,000. These volumes over the last 189,000 averages and reaffirm the upward position. A high level rally of $ 140 is required for buyers to keep control. Of course, the realization of this situation in the volume of 310,000 volume needs to occur.
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