The Currency Analytics
By Dan Saada
ETH New resistance at $170 and $180 – Technical Favor $200
Ethereum 2.0 Serenity
Ethereum (ETH) is trending at $150 after a 5% pump over the past 24 hours. The ETH has been consolidating towards the uptrend since the beginning of 2020, and the price is now…
The ETH might continue to pump towards the 50-day and 200-day EMAs over the next week. The price is now a lot below the 200-day EMA. The volatility will increase.
Sydney Ifergan, the crypto expert, tweeted: "#ETH is a lot below the 200-day EMA, the volatility is set to increase, and buyers are taking control.
The price of the ETH is set to rebound to the upside. Since the start of the New Year, ETH has been trending in the lower highs. Lower highs are yet another bullish signal.
With ETH trending at $150, new resistance might show up near 200-day EMA between $170 and $180.
While $200 might seem like a lot, far away technical indicators support the possibility. The current price action of ETH is working past the seven-months falling wedge…
The fundamental analysis projects a definite possibility of an upward trend.
Andrew Keys, Darma Capital, stated, “Proof of Stake Ethereum exists. It’s alive! The roadmap to Serenity is in full effect.
Eric.eth tweeted: “Ethereum 2.0 Phase 0 spec v0.10.0 has been released. This is the version that will now go to audit and be the base for the multi-client testnet.”
Meanwhile, Carl Beekhuizen, Eth2.0 Researcher at the Ethereum Foundation, tweeted: "Check out my latest blog post on the incentives of eth2.
Hopefully, 2020 will reveal if Ethereum 2.0 fulfills the five design goals of decentralization, resilience, security, simplicity, security, and longevity.