Ethereum started off 2020 as bullish as can be, outperforming BTC and other crypto assets by a large margin.

The top altcoin in the crypto market may soon make a massive 95% move against Bitcoin, according to one analyst, but the direction of that move is still up in the air, although theyre leaning heavily toward a chart pattern formation resolving to the downside.

Following the boom in the decentralized finance movement in late 2019 and early 2020, all signs pointed to Ethereum going on a powerful rally.

The altcoin kicked off the year with an over 100% rally, doubling in price and helping to lead the rest of the market toward what are now in hindsight the years highs.

Related Reading | Ethereum Sets Record for Most Bullish String of Weekly Price Action Yet

Ethereum and other altcoins not only broke out of their downtrends on their USD pairs, but they also saw a breakout against Bitcoin on BTC pairs.

The latest price action has caused Ethereum to form a massive, multi-year symmetrical triangle on the ETH//BTC trading pair, which based on the formations measure rule would have a 95% rise or drop for a target.

The triangle is currently reaching its apex, suggesting this powerful breakout is imminent. However, symmetrical triangles break up almost as often as they break downward.

The crypto analyst who spotted this massive formation and potential move believes that the latest price action suggests that the formation is more likely than not to break down.

According to the trader, Ethereum has been trading within a bear channel on the ETH/BTC pair for an extended period, indicating that down is the probable direction.

Ethereum and other large-cap altcoins often are leading indicators for the rest of the crypto market, and in particular, the altcoins space.

The number two cryptocurrency by market cap showing signs of falling against Bitcoin could signal a worse drop across the wider altcoin market.

The total altcoin market cap against BTC is also in a multi-year formation, however, this pattern looks to be more descending in nature and not symmetrical like Ethereum.

Related Reading | Altcoin Market Forms Cryptos Most Dangerous Pattern

Descending triangles in the crypto market have in the past been notably deadly. Its the same pattern that sent Bitcoin from $6,000 to $3,000, then again from $13,000 to $6,000.

Now, its appearing in the altcoin market, and it could cause the assets to be decimated by Bitcoin dominance in the days ahead.

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Analyst: Ethereum Prepares for Massive 95% Move Against BTC, But Which Direction? - newsBTC

Crypto trading giant Binance and privacy-focused Brave browser have collaborated on a new integration that allows Brave users to trade cryptocurrencies through Binance.

According to the announcement,

The new Binance widget in the new tab page of the Brave desktop browser makes Brave the only browser that offers integrated functionality for buying and trading cryptocurrency. With the Binance widget, Brave users can access the Binance.com and Binance.US (for US-based users) sites, buy and sell crypto assets, view asset balances, and obtain deposit addresses all without leaving the browser.

Says Binance CEO Changpeng Zhao,

The Binance widget on Braves privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem.

The widget will allow Brave users to buy, deposit, trade and manage leading cryptocurrencies such as Bitcoin, Ethereum, XRP, Litecoin and other altcoins supported by Binance.

The Brave browser, which combines privacy with a blockchain-based digital advertising platform, has roughly 8.7 million monthly active users across the globe.

Unlike the dominant competitor Google Chrome, which tracks you and your browsing history, Brave blocks trackers, ads and third-party cookies, making it an attractive option, particularly for cryptocurrency users who support decentralized platforms, privacy protection and networking options beyond the control of big tech.

Featured Image: Shutterstock/Fstoppers

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Millions of Users Can Trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP on Brave Browser Through New Binance Integration - The Daily Hodl

News

Wed, 03/25/2020 - 19:30

Bitcoin difficulty is on track to drop by more than 16 percent, which would be the second-largest negative adjustment in its entire existence. The good news for the bulls is that it will most likely mark a local BTC price bottom.

Must Read

The coronavirus pandemic that rattled global markets didnt spare Bitcoin (BTC). After the March 12 price crash, many small miners got backed into a corner.

Bitcoins hashrate, which displays the cumulative power of the network, crashed nearly 40 percent in lockstep with the price. It is currently below 100 Ehash/s, with the halving approaching in less than two months.

That said, the mammoth-size difficulty adjustment, which is going to happen at around 11 PM EST, is going to provide much-needed relief for miners.

Must Read

The largest difficulty drop to date (18 percent) took place on Oct. 30, 2011. Back then, BTC was changing hands at just $3.12 after shedding about70 percent of its value in just three months. Since then, BTC skyrocketed by more than 630,000 percentby the end of 2017.

While such humungous gains are most certainly out of reach for an already established asset class, the 15 percent difficulty drop that took place on Dec. 3, 2018, could indicate where BTC is headed next if history is any guide. The leading coin rallied by more than 300 percent in the first half of 2019 before retracing its stellar gains.

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Ethereum (ETH) Price Shows Bear Flag, Expected to Head For $100 - U.Today

While it is unclear where the markets will ultimately go, it is ideal to gather perspective on the best and worst-case scenarios for the top three altcoins by market capEthereum, XRP, and Litecointo protect against uncertainty.

The meltdown seen across most financial markets, including the cryptocurrency industry, sent investors into a state of panic. But what about altcoins?

Over the past week, the Crypto Fear and Greed Index (CFGI) has been indicating extreme levels of fear in the cryptocurrency market.

This fundamental indicator analyzes emotion and sentiment among investors from different sources, such as volatility, social media posts, and trends.

Based on these data sets, the CFGI recently reached a value of 8 (extreme fear), which is the lowest it has been since August 2019.

The high level of commotion in the market appears to be related to the probability that most digital assets in the industry could experience a further decline. In fact, the top three altcoins by market capitalizationEthereum, XRP, and Litecoinare developing massive bearish patterns within their respective weekly charts that could be catastrophic to many portfolios.

Ethereum, for instance, seems to be forming a symmetrical triangle on its 1-week chart that suggests an 83% retracement upon the breakout point. This target is given by measuring the distance between the initial high and low of the pattern and adding it to the breakout point.

A break below the lower trendline of the symmetrical triangle could trigger a full-blown trend reversal from bullish to bearish taking ETH to $24.5 or $20.5.

Along the same lines, Ripples XRP appears to be sitting on top of white space, according to 45-year trading veteran Peter Brandt.

A spike in the selling pressure behind this cryptocurrency around the current price levels could see it plummet to $0.061, $0.031, or even $0.009.

Meanwhile, Litecoin could be creating a descending triangle in its weekly chart as a direct consequence of its price action since mid-2018. A descending trendline can be drawn around the series of lower highs while a horizontal support line connects the swing lows.

This bearish formation suggests that LTC could see its price depreciate by 90% following a weekly candlestick close below the $25.5 support level. Such a downward impulse could see Litecoin go as low as $2.5 if the pattern is validated.

This target is determined by measuring the height of the descending triangle at its thickest point and adding that distance to the breakout point.

Although most financial markets around the world have suffered from the widespread transmission of coronavirus and the disagreement sparked between OPEC and Russia, the recent downturn could represent an opportunity to be greedy when others are fearful.

Under this premise, a sudden spike in demand for Ether could see its price bounce off the lower trendline of the symmetrical triangle to the upper boundary. Around that price level, a further increase in the buying pressure behind it could see the number two crypto breakout in an upward direction off the symmetrical triangle.

The bullish momentum could trigger a stage of FOMO (fear-of-missing-out) among market participants who would likely rush to buy more ETH. If this happens, Etherum could surge over 170% upon the breakout point to reach $667.

While the upside target is well-defined for Ether, XRP is not so clear.

This is the result of the bearish trend it entered after peaking at $3.3 in January 2018. Since then, this cryptocurrency has been making a series of lower highs and lower lows that pushed it to prices not seen since May 2017.

Therefore, the best thing that could happen to XRP is to make a higher high for the first time since early 2018 that allows it to break out of the downtrend it entered after the peak.

Finally, the descending triangle that is developing on Litecoins 1-week chart can also form a reversal pattern to a downtrend. If this is the case, LTC could be bouncing off the $25.5 support level to try to break above the hypotenuse of the triangle.

Breaking above this resistance cluster could see it rise by nearly 6x to a new all-time high of $400.

It is worth noting that the different outlooks presented above could take weeks or even several months to materialize. While they all present big opportunities to profit regardless of the outcome, it would be ideal to determine what would happen to these three cryptocurrencies in the near future.

Based on its 4-hour chart, Ethereum appears to be breaking out of a symmetrical triangle. A further increase in the buying pressure behind it could validate the 40% upside target presented by this technical formation. Such a bullish impulse could soon take Ether to $168.

Like Ether, XRP also seems to be breaking out. It recently moved above its 30-four-hour exponential moving average. A continuation of the bullish momentum seen in the last few hours suggests a test of the next level of resistance.

This barrier is represented by the 100-four-hour EMA that sits around $0.18.

In the meantime, Litecoin seems to be contained within a no-trade zone defined by the Bollinger bands on its 4-hour chart. Breaking above the upper or lower band would determine where this crypto is headed next.

On the upside, LTC could surge to the 38.2% Fibonacci retracement level that sits at $47.5. However, a sudden spike in the selling pressure behind it could see it plummet to the recent low of $25.

Historically, each time the Crypto Fear and Greed Index (CFGI) senses extreme levels of fear among investors, most digital assets in the market tend to rebound and resume their respective uptrends.

In August 2019, for instance, the CFGI reached a value of 5 (extreme fear), which was followed by a 17% upswing in Bitcoins price. Now, a similar outlook could be taking place.

Indeed, this could be the opportunity that sidelined investors have been waiting for to get back into the market, according to the former Wall Street trader and VP at JP Morgan Chase Tone Vays. Vays recently pointed out that he would rather be long than short under the current market conditions.

For those that Bought the Dip under $4k, lock it down as HODL. For those that missed it, I am comfortable buying it here, said Vays.

Now, it remains to be seen whether the bearish or bullish scenarios presented above would come true.

Read more here:

The Best and Worse that Could Happen to Ethereum, XRP, and Litecoin - Crypto Briefing

EOS

EOS rallied by 7.50% on Monday. Reversing a 6.31% slide from Sunday, EOS ended the day at $2.2962.

A mixed start to the day saw EOS slide to an early morning intraday low $2.0632 before making a move.

Steering clear of the first major support level at $2.0243, EOS rallied to an early afternoon intraday high $2.3550.

EOS broke through the first major resistance level at $2.3209 before sliding back to $2.20 levels.

Steering clear of sub-$2.20 levels, EOS found support to visit $2.30 levels before wrapping up the day at $2.29 levels.

The first major resistance level at $2.3209 limited the upside late in the day.

At the time of writing, EOS was up by 0.91% to $2.3170. A mixed start to the day saw EOS fall to an early morning low $2.2821 before striking a high $2.3450.

EOS left the major support and resistance levels untested early on.

EOS would need to move through the morning high $2.3450 to bring the first major resistance level at $2.4131 into play.

Support from the broader market would be needed, however, for EOS to break out from Mondays high $2.3550.

Barring another extended rally, the first major resistance level at $2.4131 would likely limit any upside.

Failure to move through the morning high $2.3450 could see EOS hit reverse.

A fall back through to sub-$2.2400 levels would bring the first major support level at $2.1213 back into play.

Barring another crypto meltdown, however, EOS should steer well clear of $2.00 support levels.

Major Support Level: $2.1213

Major Resistance Level: $2.4131

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum rallied by 12.01% on Monday. Reversing a 7.81% slide from Sunday, Ethereum ended the day at $137.0.

A mixed start to the day saw Ethereum fall to an early morning intraday low $119.20 before making a move.

Steering clear of the first major support level at $116.42, Ethereum rallied to an early afternoon intraday high $138.00.

Story continues

Ethereum broke through the first major resistance level at $132.90 before falling back to $127 levels.

Finding support late on, however, Ethereum broke back through the first major resistance level to end the day at $137.

At the time of writing, Ethereum was down by 1.14% to $135.44. A mixed start to the day saw Ethereum rise to an early morning high $138.58 before falling to a low $134.35.

Ethereum left the major support and resistance levels untested early on.

Ethereum would need to move through to $138 levels to support a run at the first major resistance level at $143.60.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $138.58.

Barring an extended crypto rally, resistance at $140 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $138 levels could see Ethereum fall deeper into the red.

A fall back through to sub-$131.50 levels would bring the first major support level at $124.80 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$120 support levels.

Major Support Level: $124.80

Major Resistance Level: $143.60

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP rose by 7.77% on Monday. Reversing a 6.47% slide from Sunday, Ripples XRP ended the day at $0.15929.

A choppy start to the day saw Ripples XRP slide to an early morning intraday low $0.1450 before finding support.

Steering clear of the first major support level at $0.1422, Ripples XRP rallied to an early afternoon intraday high $0.16233.

Ripples XRP broke through the first major resistance level at $0.1578 before falling back to sub-$0.1540 levels.

Finding support late on, Ripples XRP broke back through the first major resistance level to wrap up the day at $0.1590 levels.

At the time of writing, Ripples XRP was down by 0.02% to $0.15926. A mixed start to the day saw Ripples XRP rise to an early morning high $0.16209 before falling to a low $0.15893.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to move through to $0.1600 levels to support a run at the first major resistance level at $0.1661.

Support from the broader market would be needed, however, for Ripples XRP to break out from Mondays high $0.16233.

Barring an extended crypto rally, the first major resistance level at S0.1661 would likely cap any upside.

Failure to move back through to $0.1600 levels could see Ripples XRP hit reverse.

A fall back through the morning low $0.15893 to sub-$0.1550 levels would bring the first major support level at $0.1488 into play.

Barring an extended crypto sell-off, however, Ripples XRP should steer clear of sub-$0.15 levels on the day.

Major Support Level: $0.1488

Major Resistance Level: $0.1661

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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EOS, Ethereum and Ripples XRP Daily Tech Analysis 24/03/20 - Yahoo Finance

BTC/USD faces multiple strong resistance levels on the upside at $6,700-$6,750, $6,975 and $7,100. The $6,700-$6,750 stack has the SMA 5, SMA 10, 15-min and one-hour Bollinger Bands, one-day Fibonacci 38.2% retracement level, 15-min Previous High and 4-hour Previous Low. $6,975 has the Previous Week high and one-day Pivot Point resistance-one, while $7,100 has the one-month Pivot Point support-two.

On the downside, there is only one healthy support level at $6,350, which has the SMA 5, SMA 100 and 4-hour Bollinger Band.

ETH/USD doesnt have any strong resistance level on the upside. On the downside, there is only one support level of note at $133.50, which has the SMA 5, SMA 50, SMA 200, one-day Pivot Point support-one, one-day Previous Low and one-week Fibonacci 38.2% retracement level.

XRP/USD has no healthy support levels on the downside. However, on the upside, it has one resistance level of note at $0.177, which has the Previous Week high and Previous Year low.

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Top three coins price prediction: Bitcoin, Ethereum and Ripple bears aim to negate Tuesday's losses - FXStreet

The worlds no. 1 digital coin, Bitcoin, has caught a fresh bid-wave and surrendered the 6k barrier yet again, as we head towards the weekly closing. Ethereum and Ripple also yielded into the broad crypto sell-off this Sunday, with the former emerging as the main laggard amongst the top 3 most dominantly traded digital assets. The total market capitalization of the top 20 cryptocurrencies now stands at $170.05 billion, as cited by CoinMarketCap.

The top three coins could likely resume Fridays decline, with the FXStreets Confluence Detector tool suggesting key technical levels to watch out, as we step into a fresh week ahead.

With the sellers back in action, Bitcoinis likely to face the immediate resistance at 6191, the midline of Bollinger Band on 4-hour chart. Further north, 6255, the confluence of Fib 61.8% 1D and SMA5 4h, is likely to challenge the recovery attempts.

The coin will accelerate its recovery momentum once the above resistance is cleared, as the buyers will target Fib 23.6% 1W aligned at 6383.

Having said that, to the downside, the immediate support is now seen at 5871, the confluence of SMA5 1D and Previous Low 1 Day.

A failure to resist the latter will expose the strong support at 5743, Pivot Point 1 Month S3.

Having reversed sharply, Ethereumhas breached the Fib 23.6% 1D support located at 129.0, with the downside now opening up towards Fridays low of 115.80 amid a lack of significant support levels to cap the declines.

The recovery attempts will continue to face stiff resistance near the 134 area, where the SMA5 1H, Fib 61.8% 1D, Fib 38.2% 1W and SMA5 4H intersect.

Therefore, sell the bounce could emerge as the ideal theme for trading ETH/USD in the coming days, as explained here.

Ripplerespected the rising channel breakdown and reached the pattern target at 0.1523, with the further downside still in play, in absence of strong support levels. The 0.1500 psychological level could be tested en-route the next barrier seen at 0.1469, Fib 61.8% 1W.

The coin will target the Pivot Point 1 Month S2 at 0.1452 should the bulls succumb to the bearish pressure.

Alternatively, the bulls will have to chew the offers at 0.1582 in order to re-attempt the 0.16 handle. Any substantial recovery will regain traction only on a daily closing above the latter.

See all thecryptocurrency technical levels.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: A sea of red returns as weekend love disappears - FXStreet

ETH/USD jumped as high as $152.50 on Friday before retreating to $148.00. The second-largest digital asset has gained over 8% since the beginning of the day and nearly 23% on a day-to-day basis, moving in sync with the market. The bullish sentiments helped the coin to settle above the upper line of 1-hour Bollinger Band, however, the further upside may be limited at this stage, as the asset is deeply overbought at least on the intraday charts.

One-hour RSI is ready to reverse to the South. which means that the downside correction may be extended if the price fails to stay above $146.00. The next support comes at $134.00. This area has been limiting the sell-off since March 19. Once it is out of the way, the downside momentum is likely to gain traction with the next focus on a $125.50 support area reinforced by SMA50 and SMA200 on a 1-hour chart.

On the upside, the critical psychological barrier is located at $150.00. If it is sustainably broken, the upside may gain traction and bring the price towards the intraday high of $152.50. This area may slow down the recovery towards the critical long-term resistance created by SMA200 daily on approach to $177.50.

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Ethereum Price Analysis: ETH/USD may retreat to $134.00 before another leg higher - FXStreet

EOS

EOS slid by 7.51% on Friday. Partially reversing a 13.71% rally from Thursday, EOS ended the day at $2.2047.

A bullish start to the day saw EOS rally to a late morning intraday high $2.5258 before hitting reverse.

EOS broke through the first major resistance level at $2.4650 before tumbling to a late intraday low $1.8900.

The reversal saw EOS fall through the first major support level at $2.0397 before finding late support.

At the time of writing, EOS was down by 0.75% to $2.1882. A mixed start to the day saw EOS rise to an early morning high $2.2904 before falling to a low $2.1626.

EOS left the major support and resistance levels untested early on.

EOS would need to move through to $2.2070 levels to bring the first major resistance level at $2.5237 into play.

Support from the broader market would be needed, however, for EOS to break out from the morning high $2.2904.

Barring another extended rally, resistance at $2.40 levels would likely leave EOS short the first major resistance level at $2.5237.

Failure to move through to $2.2070 levels could see EOS fall deeper into the red.

A fall back through to sub-$2.20 levels would bring the first major support level at $1.8879 into play.

Barring another crypto meltdown, however, EOS should steer well clear of $1.8 support levels.

Major Support Level: $1.8879

Major Resistance Level: $2.5237

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum fell by 2.47% on Friday. Partially reversing a 15.25% rally from Thursday, Ethereum ended the day at $133.27

A bullish start to the day saw Ethereum rally to a late morning intraday high $154.00 before hitting reverse.

Ethereum broke through the first major resistance level at $148.84 before sliding to a late intraday low $115.51.

Ethereum fell through the first major support level at $120.12 before rebounding to $133 levels.

At the time of writing, Ethereum was down by 1.88% to $130.76. A mixed start to the day saw Ethereum rise to an early morning high $137.62 before falling to a low $127.81.

Ethereum left the major support and resistance levels untested early on.

Ethereum would need to move through to $134 levels to support a run at the first major resistance level at $153.01.

Story continues

Support from the broader market would be needed, however, for Ethereum to break back through to $150 levels.

Barring a broad-based rebound, resistance at $140 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $134 levels could see Ethereum struggle throughout the day.

A fall back through to sub-$125 levels would bring the first major support level at $114.52 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$100 support levels.

Major Support Level: $114.52

Major Resistance Level: $153.01

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP slid by 4.89% on Friday. Partially reversing an 11.40% rally from Thursday, Ripples XRP ended the day at $0.15685.

A bullish start to the day saw Ripples XRP rally to a late morning intraday high $0.1753 before succumbing market forces.

Falling short of the first major support level at $0.1773, Ripples XRP slid to a late morning intraday low $0.14466.

Finding support at the first major support level at $0.14488, Ripples XRP recovered to $0.15 levels to limit the loss on the day.

At the time of writing, Ripples XRP was down by 0.84% to $0.15553. A mixed start to the day saw Ripples XRP rise to an early morning high $0.16172 before falling to a low $0.15397.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to move back through to $0.1590 levels to support a run at the first major resistance level at $0.1732.

Support from the broader market would be needed, however, for Ripples XRP to break out from the morning high $0.16172.

Barring a broad-based crypto rebound, resistance at $0.16 would likely leave Ripples XRP short of the first major resistance level at S0.1732.

Failure to move back through to $0.1590 levels could see Ripples XRP fall deeper into the red.

A fall back through to sub-$0.1540 levels would bring the first major support level at $0.1426 into play.

Barring an extended crypto sell-off, however, Ripples XRP should steer clear of sub-$0.14 levels on the day.

Major Support Level: $0.1426

Major Resistance Level: $0.1732

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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EOS, Ethereum and Ripples XRP Daily Tech Analysis 21/03/20 - Yahoo Finance

HodlX Guest PostSubmit Your Post

Ethereums blockchain was proposed in 2013, and by 2015, the system went live. This is a decentralized blockchain that allows developers to build smart contracts and decentralized applications (DApps) upon it. Ethereum also has a native asset, Ether (ETH), which is the second-largest cryptocurrency based on market capitalization.

On the other hand, the Ethereum roadmap 2020 shows that this blockchain is currently in its last phase of development. This phase is called Serenity, and it will lead to the launch of a new Etheruem blockchain, Ethereum 2.0. The latter will be revamped with several features including proof of stake (PoS), sharding, a new Ethereum Virtual Machine (EVM), new rewards mechanism, etc.

Serenity Roadmap

The Serenity stage is aimed at making the Ethereum blockchain faster, scalable, and better. Blockchain software technology firm ConsenSys claims Serenity is the eventual and final iteration in Ethereums evolution, and it will be guided by five design principles. These principles are simplicity, resilience, longevity, security, and decentralization.

Accordingly, the Serenity roadmap shows a list of planned major network upgrades for the Ethereum ecosystem. These are:

Lets take a look at each of these.

Phase 0: Beacon Chain

In Serenity Phase 0, a new blockchain or beacon chain that differs from the main Ethereum blockchain will be created. The blockchain will offer simplicity and as such, support will not be provided for smart contracts, initially. However, the beacon chain will feature the proof-of-stake (PoS) consensus mechanism. It will also run alongside the current proof-of-work (PoW) Ethereum blockchain to prevent a break in the continuity of the chains.

Accordingly, the major difference lies in the fact that Ethereum 2.0 will use the PoS consensus algorithm (Casper) instead of the PoW consensus mechanism (Ethash). With PoS, the blockchain tracks a set of validators that take turns to propose and vote for the next valid block. Also, those who own ETH can become validators just by sending a certain amount of their funds to be locked up in deposit or staked.

On the other hand, PoS fosters honesty among validators on the Ethereum blockchain. This is because validators (node holders) earn rewards (depending on how much they had staked) each time a block is accepted by the majority. In contrast, they can lose their funds if the majority rejects the block they had staked on.

ETH2, a new Ethereum native asset, will also be created on the beacon chain and used to reward validators. Whats more, this phase requires that two-thirds of validators must deposit 32 ETH on the next block. Generally, the three main responsibilities of the beacon chain are:

Phase 1: Shard Chains

In 2019, Vitalik Buterin, Ethereums co-founder, noted that scalability is a set back to Ethereums adoption. According to Buterin, higher scalability would greatly reduce the cost of using the Ethereum blockchain.

Sharding, on the other hand, deals with parallel transactions, storing, and processing of information. Hence, it can potentially improve the scalability of the new Ethereum blockchain. Whats more, sharding involves increasing the number of transactions that can be processed by the network at a time. In this case, the network will be divided across multiple shards.

Consequently, several transactions will be processed at the same time. On the other hand, there will be 64 shard chains in the first phase of beacon chain, and more may be added over time.

Phase 2: eWASM

Smart contracts execute transactions before they are traceable on the blockchain. In line with that, the Ethereum Virtual Machine (EVM) enables smart contracts to execute transactions. However, to eliminate the problem of the current EVM, which executes transactions sequentially, Ethereum-flavored WebAssembly (eWASM) will be used.

eWASM is believed to offer improved performance over EVM. It will enable the support of smart contracts, accounts, and states on the new blockchain. Smart contracts will also be written in different languages other than Solidity. eWASM is set to launch in 2021 even though development has already begun.

Phase 3: Continued Improvement (launch date, in 2022)

Ethereum 2.0 may have been launched, but like any other system, there will always be a need for updates and fixes. The continued improvement stage has been solely designed to handle general and continuous improvement of the protocol in a bid to meet the growing demands of the new blockchain.

According to ConsenSys, the following will be implemented:

Conclusion

The Ethereum blockchain has been relied upon by investors to transact, and developers to build their applications. However, Ethereum 2.0 will bring something different to the table from the use of a PoS consensus algorithm to scalability and finally, smart contract integration. Therefore, it makes the Ethereum ecosystem a more promising one.

Featured Image: Shutterstock/Titima Ongkantong

Link:

Ethereum Roadmap 2020 Explained - The Daily Hodl

Key highlights:

*Price at the time of writing

Bitcoin has been outperforming the traditional stock market for the past week now and has remained relatively strong within the context of the crypto market as it has gainedsome market dominance as well. The digital asset is currently trading above $6,000 but below $7,000, as it has been unable to break above this level.

The daily chart remains in an uptrend and the last higher low was set at $5,688, which means the bulls still have a lot of space to work with. Bitcoin has experienced several positive signs in the past few days like the MACD turning bullish for the first time in more than a month and the change in daily and 4-hour trends.

Buy/Sell Bitcoin (BTC)

How to buy Bitcoin (BTC) on Binance?

Like we pointed out in our last BTC analysis,the bulls were facing a lot of resistance between the $6,900 and $7,042 area. The bears have now proven that this is in fact a heavy resistance area, as the price of Bitcoin was rejected yet again from $6,957. This has basically created a double top formation,although the current candlestick hasnt closed yet.

The bears have seen significant continuation after the rejection at $6,957 as the value of Bitcoin declined by 7% in less than 4 hours. The 4-hour uptrend is not lost yet and the bulls could still turn the bearish momentum around. The MACD is on the verge of a bearish cross but maintains the daily bullish cross. The daily RSI remains pretty low at 45 points and the bulls are looking for support at the $6,327 area, the 12-period EMA.

Ethereumhas been weaker than Bitcoin and the bulls have been unable to break and close above the daily 12-period EMA. They have been rejected 3 times now, but were still able to see a bullish MACD cross two days ago.

It seems that Ethereum is forming a daily ascending wedge that is not fully confirmed yet. The trading volume has also significantly declined over the past week.Similarly, the volatility of ETH has also declined in the past two days, which could indicate a bigger move is coming soon. Additionally, it seems that the active addresses of Ethereum have jumped to a 9-month high after the overall market crash back in March 12.

Buy/Sell Ethereum (ETH)

How to buy Ethereum (ETH) on Binance?

Ethereum is most likely going to follow the steps of Bitcoin, which has currently set a double top on the daily chart. Ethereum hasnt been able to close above the daily 12-period EMA even though the MACD has turned bullish. The bulls are still in control as ETH is still in a daily uptrend but it seems to have formed a lower high compared to $152.55.

The most likely scenario for Ethereum now seems to be a daily equilibrium pattern if the bulls can hold the support at $119.5. An equilibrium pattern doesnt favor anyone and its not necessarily bearish, but its certainly not what the bulls wanted. The coronavirus outbreak situation is not improving just yet and the crypto market, although it's performing better now, could still suffer further downside action as a result.

The daily RSI is still pretty low at 40 points but the bears are looking to shift the momentum back in their favor, especially if ETH cannot break above the daily 12-period EMA soon.

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Bitcoin and Ethereum Price Analysis: Crucial Resistance Level Rejected - CoinCodex

The Maker Foundation, a body charged with getting the MakerDAO network up and running, today announced that it has relinquished all control of its governance token, MKR, to the governance community. That means that MKR holders are the only ones who can vote on the fate of the network.

Todays announcement marks the completion of the Maker Foundations three-month odyssey toward complete decentralization of its governance system. The Maker Foundation started dispersing the tokens to the community on December 20, 2019.

MKR holders now have complete control over a special smart contract that lets the governance community vote on the minting and destruction of MKR, as well as future permission changes to the MKR contract.

For instance, earlier this month, MKR holders voted in favor of a debt auction to stabilize the value of its decentralized stablecoin, DAI, whose peg to the US dollar is backed by cryptocurrencieswhich crashed along with global markets amid panic caused by the coronavirus pandemic.

By completing its commitment to transfer the MKR token contract to MKR holders, the Maker Foundation continues to move toward a completely self-sustaining MakerDAO, said Rune Christensen, CEO of the Maker Foundation.

And its just the beginning. We will continue to ready the community for complete decentralization in the weeks and months ahead, he added.

To achieve effective governance, the community must vote smartlyand vote oftensays the announcement. Without enough community passion and well-intentioned participation, a community-governed system can become vulnerable and struggle to succeed, it reads.

California-based MakerDAO is best known for producing Dai, a dollar-pegged stablecoin. Unlike conventional stablecoins, which are backed by fiat reserves, Dai is backed by Ether and Brave Attention Tokenthe native currency of the crypto browser, Brave. As of last week, Dai can also be backed by USDC, a stablecoin with fiat reserves maintained by less-than-decentralized companies Circle and Coinbase.

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Ethereum-based MakerDAO hands off power to community - Decrypt

Ethereum is up around 10% and it traded above the key $130 resistance against the US Dollar. ETH price is likely to continue higher towards the $150 resistance if it clears $140.

After testing the $120 support, Ethereum started a fresh increase against the US Dollar. ETH price remained well bid above the $120 level, resulting in an upside break above $122 and $125.

The bulls were able to lead the price above the key $130 resistance and the 100 hourly simple moving average. Moreover, there was a break above a major bearish trend line with resistance near $126 on the hourly chart of ETH/USD.

Ethereum Price

The pair is now trading nicely above the $135 resistance, but it is facing another major resistance near the $138 and $140 levels. The recent swing high was formed near $138 before the price declined below the 23.6% Fib retracement level of the upward move from the $119 swing low to $138 high.

However, Ethereum remained well bid above the $128 level. The 50% Fib retracement level of the upward move from the $119 swing low to $138 high is also acting as a strong support.

On the upside, the bulls need to gain pace above the $138 and $140 resistance levels. If they succeed, there are high chances of more gains towards the $150 resistance in the near term.

On the downside, Ethereum is likely to remain well bid near the $128 level. The 100 hourly simple moving average is also positioned near the $128 level to provide support.

If there is a downside break below the 100 hourly SMA, it could change the current bias. In the stated case, the next major support is visible near the $120 level. Any further losses may perhaps spark an extended decline towards the $105 and $100 support levels in the near term.

Technical Indicators

Hourly MACD The MACD for ETH/USD is slowly losing momentum in the bullish zone.

Hourly RSI The RSI for ETH/USD is currently correcting lower from the 65 level.

Major Support Level $128

Major Resistance Level $140

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Ethereum Rallies 10% and Primed To Continue Higher Towards $150 - newsBTC

Investing.com - Ethereum was trading at $136.02 by 19:59 (23:59 GMT) on the Investing.com Index on Monday, up 10.01% on the day. It was the largest one-day percentage gain since March 23.

The move upwards pushed Ethereum's market cap up to $14.83B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $120.20 to $136.93 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a rise in value, as it gained 19.63%. The volume of Ethereum traded in the twenty-four hours to time of writing was $14.10B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $109.6742 to $151.8461 in the past 7 days.

At its current price, Ethereum is still down 90.44% from its all-time high of $1,423.20 set on January 13, 2018.

Bitcoin was last at $6,468.8 on the Investing.com Index, up 10.00% on the day.

XRP was trading at $0.15862 on the Investing.com Index, a gain of 6.77%.

Bitcoin's market cap was last at $117.60B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.91B or 0.00% of the total cryptocurrency market value.

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Ethereum Climbs 10% In Rally - Yahoo Finance

Ethereum price inability to sustain gains above $120 is putting it a risk of freefalling to $100. The path of least resistance remains downwards although all the top three cryptocurrencies are showing signs of stability. Attempts to break above the seller congestion zone at $120 fizzled out at $118.44 (intraday high). ETH/USD has explored levels slightly under $115 support forming an intraday low at $114.38.

The prevailing trend remains strongly bearish but the low volatility means that fast movements downwards are unlikely in the current session. The 1-hour chart shows Ether trading between a resistance and support moving average. Whereby the 100 SMA is capping gains at $120 while the 50 SMA is in line to offer support at $114.93.

A triangle breakout is likely in the coming sessions. Unfortunately, it could result in more losses targeting the $100 support especially if the RSI continues with the downward motion under the average (50). At the same time, if support at $114 - $115 holds, Ethereum could remain stable and allow the bulls to gather the strength to overcome the hurdles at $120.

Support 1: $111 Highlighted by the 161.8% Fibonacci one-minute.

Support two: $102.21 The previous year low.

Resistance: $118 Previous high 4-hour, Fibo 23.6% one-day and the pivot point one-month support two.

Resistance two: $122 Previous high one-day, pivot point one-day and resistance one.

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Ethereum Price Analysis: ETH/USD looming freefall to $100 and how to avoid it - FXStreet

After dropping to $99.08 on March 13, Ethereum (ETH) has managed to recover a little and at the time of writing is trading at the $120 level.

Traders are offering multiple scenarios on the coins further movement. Still they believe that the first thing Ethereum will do is test higher price levels.

Analyst Crypto Michael has shared his take on the ETH price scenario. Michael van de Poppe states that ETH is holding in the green area and expects it to rise high enough to test the $140 zone.

The analyst also says that should ETH lose turn red, he would expectit to go down towards $103-$80.

Trader TamasAron from TradingView has shared an ETH/USDT chart on his page, on whichhe shows the way he expects ETH to move from its currentposition.

As per TamasAron, the second biggest currency is going to rise to $128 first but then it is likely to decline to the $79 zone. Both movements are going to be made within a downward trend, as per the chart.

Trader Evgenicys from TradingView has put his prediction on the ETH price simply bearflag.

Must Read

As reported by U.Today previously, a blockchain researcher and a Placeholder partner Chris Burniske tweeted that Bitcoin and Ethereum are likely to recover from their recent large-scale losses faster than other cryptocurrencies along with a few other coins.

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Ethereum (ETH) Price Heading to Test $140, Analyst Says - U.Today

Ethereum and the entire crypto market has continued trading sideways today despite the decline seen in the U.S. stock market, with Bitcoin showing some signs of breaking its correlation with the traditional markets.

Analysts are now noting that the strong support Ethereum has established within the lower-$100 region may just be enough to send it higher in the days and weeks ahead, with one prominent trader explaining that it could soon rally up towards $140.

Despite this, there is a bearish technical formation that ETH is currently caught within that bulls need to invalidate, as an inability to do so could open the gates for further losses.

At the time of writing, Ethereum is trading down marginally at its current price of $114, which is around where it has been trading at throughout the past several days.

This stability has come about as a result of that seen by Bitcoin, which has been hovering within the lower-$5,000 region over the past couple of days, following a brief visit to lows of $4,600 this past Monday.

Importantly, it does appear that Ethereum is currently caught within a bear pennant despite its ability to find some stability, which could be a dire sign that means further downside is imminent.

Jonny Moe, a popular analyst, spoke about this in a recent tweet, telling his followers that this could be a bearish sign for the crypto in the near-term.

If youre leaning bullish, ETH sure looks like a cleaner pennant, he said.

Michal van de Poppe, another well-respected cryptocurrency analyst and trader, explained in a recent tweet that he believes the support Ethereum has established within the lower-$100 region could be enough to send it rallying higher in the days ahead.

Similar here for Ethereum. Holding green and I expect a test of $135-140 to occur. However, losing green and Ill be targeting $80/92/103 as next levels, probably around the lows, he explained while pointing to the levels on the below chart.

If bulls are able to defend the key aforementioned support and push Ethereum higher in the near-term, it will invalidate the bear pennant discussed by Moe, and open the gates for significantly further upside.

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Ethereum is Laying the Groundwork to See an Explosive Rally Towards $140 - newsBTC

Ethereum has fallen once again on Wednesday but nothing compared to the massacre over the last few weeks. The pair has fallen around 11% year to date and over 59% from the yearly highs. Despite this, it seems the bears are still in control but only just as the market has started to consolidate just above the 100 level.

On the chart below, there is quite a large triangle that has been formed on the 1-hour chart. The price is now moving toward the apex of the pattern but it has been noted that the volume has dropped off in a big way. The resistance level to beat is around 113.16 while the major support is at 90.00.

Looking at the higher timeframe, the volume in March has been at its highest levels on the Coinbase exchange. It is hard to believe that the volume is at a higher level than the boom time in early 2018.

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Ethereum Price Analysis: Big chart pattern on the hourly chart - FXStreet

Ethereum retweeted: The world may have stopped, but #Ethereum 2.0 keeps on chugging. Ive made eth2.news up to date with all the latest, and I even dare to express an opinion or two. Some of the investors are having to state that they are preparing their bags to rise through the recession period.

The latest from the Ethereum developer world is Tenderly Pro. In their announcement about their Tenderly App, they state that it is the next-generation platform for all the smart contracts and Dapps needs. Several teams and companies are building their next generation of WebApps. The Beta was open to the public. The Tenderly is now out of the Beta.

The Tenderly Pro consists of everything that the developers have been using so far. Also, to what is already there, it can simulate transactions without having to submit them on-chain, which means it is possible via an API. Advanced Analytics caters to sophisticated dApps and Protocols. Provides with Tenderly tooling for local Ganache or Geth transactions. Webhooks provides real-time notifications for smart contracts and a lot of other features.

Vitalik.eth tweeted: Its quadratic funding season again! Make sure to contribute to the projects you think are valuable.

Vitalik retweeted about Peter Szilagyi: Spent a bit of time putting together a proof of concept interface for a #coronavirus #SocialDistance aiding mobile app. Id like to request some early feedback to decide whether to pursue it or not. PS: Im not a UI/UX engineer, so dont crap on the visuals. 1/10.

In reply to Peter, a user replied: An app where infected people could share their GPS history (anonymously) would be sweet. Many feel, this can be a brilliant idea.

Some opine that the delivery company will be formed around proof-of-isolation with a 24/7 video feed + geolocation analyzed by machine learning.

The App that Peter prospects to build is expected to report different statuses like self-suspect, negative, positive carriers, potential carriers, home quarantine, and other details.

They expect to pull data from respectable sources, facilitating editing for suspicion and expiry date, further providing for assistance provider and assistance receiver as a part of the user and user contacts. The app is considering the point that some people will require assistance like buying or bringing them groceries or about just having an online chat with them. Also, facilitating those who are willing to provide assistance.

Many feel this kind of an app is needed. They feel this is a great idea to identify who nearby has corona. Also, this will help identify if we are in a high-risk area.

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Ethereum (ETH) Vitalik Buterin retweeted on Proof of Isolation Concept for an App highlighting Quarantine - The Cryptocurrency Analytics

The daily confluence detector shows one strong resistance and support level at $6,375 and $5,775, respectively. The former has the 15-min Bollinger Band, one-week Fibonacci 23.6% retracement level and SMA 100, while the latter has the one-month Pivot Point support-three.

There are two healthy support levels on the downside at $130 and $119.50. The former has the one-day Fibonacci 38.2% retracement level and SMA 10, while the latter has the one-month Pivot Point support-two. On the upside, there is a strong resistance level at $133.50, which has the 15-min Previous Low, one-week Fibonacci 38.2% retracement level, 15-min Bollinger Band middle curve, SMA 5, SMA 50 and SMA 200.

Quite like Bitcoin, Ripple also has one strong resistance and support level, as per the confluence detector. Strong resistance lies at $0.1765, which has the Previous Year low. On the downside, good support lies at $0.145, which has the 4-hour and one-day Previous Lows and one-month Pivot Point support-two.

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Top 3 Coins Price Prediction: Bitcoin, Ethereum and Ripple consolidate their price following as bulls and bears wrestle for control - Confluence...