Coin of the day is Ethereum.
EOS recently attracted a lot of attention as a main competitor of Ethereum. Let's see, how ETH feeling during those events, especially regarding that EOS recently experienced problems with MainNet launch.
Ethereum stays a leader in the Dapps platforms technologies, and the most accepted blockchain technology along with Bitcoin worldwide. ETH even ranked with first place by China cryptocurrency ratings, regarding having the competitors exactly from China.
Developed by Vitalik Buterin, Ethereum is a public, open-sourced Blockchain-based platform that features smart contracts. Despite frequent comparison of ETH and BTC it would be wrong to define Ethereum only as a cryptocurrency or confuse it with Ether, a cryptocurrency part of Ethereum system.
Launched in 2015, Ethereum is the largest and most well-established, open-ended decentralized software platform that enables smart contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. Ethereum smart contracts or (DApps) are often referred to as Crypto 2.0, Blockchain 2.0 or even Bitcoin 2.0.
Technicals
On the last week, ETHBTC spent two days below the 100-days EMA gained volumes and started a bullish movement with a huge buy-in on 2018.06.14. Ether broke 100-days EMA and on Monday rose above the Bearish Trend Line, which was the border of the Triangular Correction of the April – May uptrend. Yesterday we saw one more high-volume buy-in, which brought the price to the resistance level 0.08. A breakthrough of this level will indicate a continuation of the bullish tendency. From the below, 0.075 – 0.077 zone and 100-days EMA should play a supportive role for the bullish scenario.
EOS recently attracted a lot of attention as a main competitor of Ethereum. Let's see, how ETH feeling during those events, especially regarding that EOS recently experienced problems with MainNet launch.
Ethereum stays a leader in the Dapps platforms technologies, and the most accepted blockchain technology along with Bitcoin worldwide. ETH even ranked with first place by China cryptocurrency ratings, regarding having the competitors exactly from China.
Developed by Vitalik Buterin, Ethereum is a public, open-sourced Blockchain-based platform that features smart contracts. Despite frequent comparison of ETH and BTC it would be wrong to define Ethereum only as a cryptocurrency or confuse it with Ether, a cryptocurrency part of Ethereum system.
Launched in 2015, Ethereum is the largest and most well-established, open-ended decentralized software platform that enables smart contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. Ethereum smart contracts or (DApps) are often referred to as Crypto 2.0, Blockchain 2.0 or even Bitcoin 2.0.
Technicals
On the last week, ETHBTC spent two days below the 100-days EMA gained volumes and started a bullish movement with a huge buy-in on 2018.06.14. Ether broke 100-days EMA and on Monday rose above the Bearish Trend Line, which was the border of the Triangular Correction of the April – May uptrend. Yesterday we saw one more high-volume buy-in, which brought the price to the resistance level 0.08. A breakthrough of this level will indicate a continuation of the bullish tendency. From the below, 0.075 – 0.077 zone and 100-days EMA should play a supportive role for the bullish scenario.
