Altcoins News

Story: Under Valuation of Ethereum Active Addresses Versus Average Transaction Value

By Dan Saada

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The price of ETH gained strength above $125 and at the $130 resistance levels versus the US Dollar.  Support is seen at $128 on the hourly chart of ETH/USD.

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The price of ETH is likely to trend higher, and the next target for ETH investors is $140 and $145.

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It is expected for the Ethereum Price to gain strength above key levels versus the USD and the Bitcoin.

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The gains from Ethereum is likely to sustain past the $135 level in the forthcoming sessions.

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Looking at the technical indicators, it is seen that the MACD for ETH/USD is set in the Bullish zone, showing a positive bias.

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Major Support Level per technical indicators is at $132, followed by $130.  The Major Resistance Level is seen at $135 and $140.

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ProgPoW with a 4-stage plan is the current roadmap set for Ethereum. This algorithm is resistant to ASIC usage.

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Rhombus has come up with some new products for Ethereum developers.  These products are focused on connecting the Ethereum-based blockchain applications in to the real-time…

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“For smart contracts that run on Ethereum to do most of the interesting things we want them to do.  They have to have some connection to the real world.

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A recurring payment system that will be pegged to the USD is an important app that permits users to purchase.

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Rosen stated, “Subscriptions will be killer decentralized apps … Why should people be waiting for a paycheck every two weeks when they can have their payment dripped every second…

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In the past year, Ethereum was slowed due to the ICO boom and doom hangover.  There were delayed protocol upgrades, and overall the cryptocurrency market scenario was not…

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The numbers of active addresses for Ethereum indicate a "tug of war" between the quantity and quality indicator in the Ethereum network.

The Currency Analytics

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