- Ethereum (ETH) bearish below $190
- Samsung experimentation is a sign of confidence on the platform
Start-ups, desirous of exploring blockchain, no longer need to start from scratch thanks to Ethereum. Samsung is the latest. Two months after announcing the support of Ethereum (ETH) in their S10 Galaxy phones, sources reveal that the electronics giant may soon launch their blockchain and perhaps issue their token.
Ethereum Price Analysis
Fundamentals
With Ethereum there is no need for start-ups to start from scratch. That’s regardless of whether they plan to compete with the king as a parallel platform where other start-ups can launch dApps. Projects like EOS, Tron and even Binance all have a founding at Ethereum, cementing the platform’s richness and diversity. Although Tron, Binance, and EOS went on to launch their blockchain, burning their ERC-20 tokens, the fact is many developers planning on launching their dApps prefer a time-tested, decentralized network that plans to incorporate features allowing it to scale without sacrificing depth, organizational assets, and openness.“Currently, we are thinking of private blockchain, though it is unsubstantiated. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.”
Candlestick Arrangements
To the charts and Ethereum (ETH), despite all the fundamentals, is yet to recover above $170 satisfactorily. At the time of press, ETH is pretty stable, dropping 1.4 percent in the last week.
Technical Indicators
Average volumes stand at 183k. Apr-11 bear bar with 336k is our reference. Because prices are still ranging within its high low, any move above $190 confirming buyers of Apr-2 must be with high volumes above 336k.Chart courtesy of Trading View
