Ethereum’s ETH 2.0 Could Launch as Early as November 2020

Ethereum’s ETH 2.0 Could Launch as Early as November 2020

Ethereum's ETH 2.0 Could Launch as Early as November 2020 4

Quick take:

  • ETH2.0 could finally launch as early as November this year
  • This is according to a developer update published on September 11th
  • A launch in November could explain why Ethereum whales are accumulating ETH
  • The price of ETH could very well break $400 and keep moving on up
  • The launch of ETH2.0 has been one of the most anticipated events in the crypto-verse for the year 2020. The initial launch was set for July of this year however, the Ethereum upgrade turned out to be more complex and needed more time to be launched.

    The guessing game of when ETH2.0 will be launched might finally be over as captured by the team at Unfolded via the following tweet and accompanying Medium blog post by Raul Jordan. Mr. Jordan is part of the team building Ethereum 2.0.

    Ethereum 2.0 to launch in November 2020https://t.co/MuCJpVgf6H

    — Unfolded (@cryptounfolded) September 12, 2020

    In the accompanying blog post, he gives a November estimate for the launch of ETH2.0 on the condition all things run smoothly leading up to the upgrade.

    Out of [a checklist], only a few are features, which means that we can likely perform a feature freeze by mid October, allowing us to only work on security improvements and UX before going live. If all goes well, November is still looking good for a launch from our perspective.

    With the month of November less than 60 days away, the prospects of ETH2.0 launching before the end of the year could be the reason Ethereum whales continue to accumulate ETH in anticipation of Proof-of-stake and the accompanying price rally due to the event.

    From a fundamentals point of view, the resolution of the SushiSwap debacle might have patched several trust issues in the DeFi industry thus allaying any new fears that the Etheruem network was an avenue for scammers. At the time of writing, the price of Ethereum has pushed past the $365 resistance level and is currently trading at $368.

    Ethereum's ETH 2.0 Could Launch as Early as November 2020 3

    Further taking a look at the daily ETH/USDT chart, the following can be observed.

  • Although reducing, the daily trade volume is in the green
  • The MACD is about to cross in a bullish manner below the baseline
  • MFI is low at around 32, hinting of potential consolidation of Ethereum at the current $365 price level
  • Ethereum’s resistance levels remain the same at $400, $420, $450 and $490
  • An Ethereum 2.0 launch in November could provide the fuel needed for ETH to break these levels
  • As with all analyses of Ethereum, traders and investors are advised to use adequate stop losses and low leverage when trading ETH on the various derivatives platforms.

    Source: ethereum.medianewsonline.com

    Author: cryptocurrency
    September 12, 2020


    Ethereum Classic Hit by Third 51% Attack in a Month

    Ethereum Classic Hit by Third 51% Attack in a Month

    The Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third such attack this month, noticed by mining company Bitfly, which also spotted the first attack on Aug. 1.

  • Ethereum Classic Hit by Third 51% Attack in a Month
  • Ethereum Classic Hit by Third 51% Attack in a Month
  • Ethereum Classic Hit by Third 51% Attack in a Month
  • Ethereum Classic Hit by Third 51% Attack in a Month
  • Source: finance.yahoo.com

    Zack Voell

    Ethereum Classic Hit by Third 51% Attack in a Month

    Ethereum Meta (ETHM) Trading Up 21.7% Over Last 7 Days

    Ethereum Meta (CURRENCY:ETHM) traded up 3.8% against the US dollar during the one day period ending at 16:00 PM E.T. on September 12th. One Ethereum Meta token can currently be purchased for about $0.0001 or 0.00000001 BTC on major cryptocurrency exchanges including STEX and Token Store. Over the last week, Ethereum Meta has traded up 21.7% against the US dollar. Ethereum Meta has a market capitalization of $4.62 million and approximately $1,541.00 worth of Ethereum Meta was traded on exchanges in the last 24 hours.

    Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • Tether (USDT) traded down 0% against the dollar and now trades at $1.00 or 0.00009562 BTC.
  • XRP (XRP) traded 1.9% higher against the dollar and now trades at $0.25 or 0.00002367 BTC.
  • Chainlink (LINK) traded 1.7% higher against the dollar and now trades at $12.64 or 0.00120605 BTC.
  • Polkadot (DOT) traded 12.9% higher against the dollar and now trades at $5.13 or 0.00048979 BTC.
  • Binance Coin (BNB) traded up 11.3% against the dollar and now trades at $27.86 or 0.00265843 BTC.
  • Bitcoin SV (BSV) traded 1.8% higher against the dollar and now trades at $168.68 or 0.01609292 BTC.
  • What future awaits cryptocurrencies?
    GOODBAD
  • TRON (TRX) traded 3.4% lower against the dollar and now trades at $0.0328 or 0.00000313 BTC.
  • InnovativeBioresearchClassic (INNBCL) traded 20.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Stellar (XLM) traded up 0.5% against the dollar and now trades at $0.0842 or 0.00000804 BTC.
  • Neo (NEO) traded 5.5% higher against the dollar and now trades at $21.39 or 0.00204053 BTC.
  • Ethereum Meta Token Profile

    Ethereum Meta’s launch date was December 28th, 2017. Ethereum Meta’s total supply is 99,000,000,000 tokens and its circulating supply is 50,010,379,198 tokens. Ethereum Meta’s official Twitter account is @EthereumMeta and its Facebook page is accessible here. Ethereum Meta’s official website is ethermeta.com.

    Buying and Selling Ethereum Meta

    Ethereum Meta can be bought or sold on the following cryptocurrency exchanges: Token Store and STEX. It is usually not currently possible to buy alternative cryptocurrencies such as Ethereum Meta directly using US dollars. Investors seeking to acquire Ethereum Meta should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Meta using one of the exchanges listed above.

    Receive News & Updates for Ethereum Meta Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Ethereum Meta and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: redmondregister.com

    Author: Jeff Slater


    EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – September 12th, 2020

    EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – September 12th, 2020

    EOS rose by 0.39% on Friday. Following on from a 0.96% gain on Thursday, EOS ended the day at $2.7874.

    It was a mixed start to the day. EOS fell to an early morning intraday low $2.7112 before making a move.

    EOS fell through the first major support level at $2.7264 before rallying to a late morning intraday high $2.8250.

    Falling short of the first major resistance level at $2.8358, EOS slipped back to sub-$2.80 and a range-bound 2nd half of the day.

    At the time of writing, EOS was down by 0.40% to $2.7764. A mixed start to the day saw EOS rise to an early morning high $2.7918 before falling to a low $2.7641.

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

    View photos

    EOS would need to avoid a fall back through the $2.7745 pivot level to support a run at the first major resistance level at $2.8379.

    Support from the broader market would be needed, however, for EOS to break out from Friday’s high $2.8250.

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

    Failure to avoid a fall back through the pivot level at $2.7745 would bring the first major support level at $2.7241 into play.

    Barring another extended sell-off, however, EOS should continue to steer clear of sub-$2.60 levels. The second major support level at $2.6607 should limit the downside.

    First Major Support Level: $2.7241

    Pivot Level: $2.7745

    First Major resistance Level: $2.8379

    23.6% FIB Retracement Level: $6.52

    38% FIB Retracement Level: $9.68

    62% FIB Retracement Level: $14.77

    Ethereum rose by 1.63% on Friday. Following on from a 4.83% rally on Thursday, Ethereum ended the day at $373.93.

    It was a mixed start to the day. Ethereum rose to an early morning high $372.0 before sliding to an early morning intraday low $355.81. The pullback saw Ethereum fall through the 38.2% FIB of $367.

    Steering clear of the major support and resistance levels, Ethereum rallied to a late intraday high $375.38.

    Falling short of the first major resistance level at $380.49, Ethereum slipped back to limit the upside on the day. In spite of falling short of the major resistance levels, Ethereum did break back through the 38.2% FIB of $367.

    At the time of writing, Ethereum was down by 0.86% to $370.71. A mixed start to the day saw Ethereum rise to an early morning high $374.64 before falling to a low $369.71.

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

    View photos

    Ethereum would need to avoid a fall through the $368.37 pivot to support a run at the first major resistance level at $380.94.

    Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $375.38.

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

    Failure to avoid a fall through the $368.37 pivot would bring the 38.2% FIB of $367 and the first major support level at $361.37 into play.

    Barring an extended sell-off, however, Ethereum should continue to avoid sub-$350 levels. The second major support level sits at $348.8.

    First Major Support Level: $361.37

    Pivot Level: $368.37

    First Major Resistance Level: $380.94

    23.6% FIB Retracement Level: $257

    38.2% FIB Retracement Level: $367

    62% FIB Retracement Level: $543

    Ripple’s XRP fell by 0.19% on Friday. Partially reversing a 1.82% gain from Thursday, Ripple’s XRP ended the day at $0.24276.

    It was also a mixed start to the day. Ripple’s XRP rose to an early morning intraday high $0.24452 before hitting reverse.

    Falling short of the first major resistance level at $0.2483, Ripple’s XRP fell to an early morning intraday low $0.23701.

    Ripple’s XRP fell through the first major support level at $0.2387 before finding support.

    Through the 2nd half of the day, Ripple’s XRP revisited $0.244 levels before falling back into the red.

    At the time of writing, Ripple’s XRP was down by 0.42% to $0.24173. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24290 to a low $0.24156.

    Ripple’s XRP left the major support and resistance levels untested early on.

    View photos

    Ripple’s XRP will need to avoid a fall through the $0.2414 pivot to support a run at the first major resistance level at $0.2459.

    Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.24452.

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

    Failure to avoid a fall through the $0.2414 pivot would bring the first major support level at $0.2383 into play.

    Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub $0.23 levels. The second major support level at $0.2339 should limit any downside.

    First Major Support Level: $0.2383

    Pivot Level: $0.2414

    First Major Resistance Level: $0.2459

    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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    Source: finance.yahoo.com

    Author: Bob Mason


    Ethereum’s ETH 2.0 Could Launch as Early as November 2020


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