Ethereum expected to touch upon $200 – ETH vulnerable on Samsung Galaxy S10April 8, 2019
It is a Bitcoin introduced cryptocurrency rally everywhere in the cryptocurrency space. Though ethereum did not join the rally in the past week, ETH has increased by 10% today touching upon noticeable resistance levels.
The fundamentals continue to be good for ETH. Of note, ETH has been continually compared to how well EOS and Tron are performing. ETH is in its very early stages of development. It has a long way to go. With the coming of Serenity, ETH is touted to become the next generation blockchain platform.
Traders are looking forward to seeing ETH rise to $200; however, considering the recent performance, it is not felt that it will take some time to touch upon this range. At the time of reporting the news, ETH has been trading at $182. If the bulls sustain above the EMA, then the price might very soon reach the $200 level.
On the downside, the price of the cryptocurrency will fall, if the price will break below the EMAs. The ETH price above the EMAs indicates that the price is in the bullish price zone.
Resistance levels were reported at $240, $250 and $260. The support levels were seen at $150, $140, and $130.
ETH was trending in a range bound price line at the $145 price level. However, on April 02, 2019, it touched upon the price range at $178. During that time, the $175 resistance level was tested twice by the bulls.
Meanwhile, it has been learned that the ethereum was vulnerable because the Samsung Galaxy S10 with a cryptocurrency wallet is not reported to be not as safe as the users thought it is. There is a recent video going the rounds that reveals that the phone can be unlocked very easily, thereby making the coins to be vulnerable.
The smartphone has an inbuilt ultrasonic fingerprint which can be tricked according to a recent report. One of the users by the name Dark Shake elaborated on the process by which the fingerprint can be tricked in 13 minutes.
He stated, “This brings up a lot of ethics questions and concerns. There’s nothing stopping me from stealing your fingerprints without you ever knowing, then printing gloves with your fingerprints built into them and going and committing a crime.”
There are geo-restrictions prevalent in other countries with respect to the usage of Samsung Galaxy S10. It is currently being used among, US, Canada, and South Korea. Not only is the crypto wallet vulnerable, but the device itself.