The Currency Analytics
By Maheen Hernandez
The price of Ethereum (ETH) continues in the uptrend. It breaks above the $280. The price is in the Positive Zone.
The price is well-supported in the $265 range. It is currently trending lower; however, it will be well-supported in the $265 and $262 range.
A primary Bullish trend line is forming with the support near $266 on the hourly chart of the ETH/USD.
The price of ETH gained versus the USD but declined VS BTC; there are higher chances for the BTC to break above $280.
The ETH/USD clears the resistance area in the 100 hourly simple moving average. The price recently cleared the $270 and $275 resistance levels.
There was support at $266 on the hourly chart of the ETH/USD. The 61.8% Fibonacci retracement from the previous slide from $279 to $263 is working out to be the resistance…
The significant support level is seen at $264, and the significant resistance level is seen at $278. The RSI for the ETH/USD is above the 50 levels.
June 30, 2019, will be when the developers of Ethereum 2.0 will be facing with a phase Zero specification freeze.
Drake stated, “so that we can all agree on the address of the deposit contract and avoid scam deposit contracts.”
Justin Drake stated that the January 03, 2020 date was chosen for the launch of Ethereum 2.0 as it marked the 11th year ever since the start of the first Bitcoin block.
Eleven years before, “January 03, 2009, the Bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of Bitcoin.”