Ethereum | 2020 Will be Bullish Year For Ether..!!
What is Ethereum.??
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
Ether Milestones
Late 2013 - Ethereum White Paper released by Vitalik Buterin.
July/August 2014 - Ethereum Crowdfunding to fund development.
30th July 2015 - Public launch (Version 1, codename “Frontier”) with 72 million coins pre-mined to support development.
October 2015 - First Ethereum Improvement Proposal (EIP-1) lays out the rules for governance and community consensus.
14th March 2016 - First “stable” release (Version 2, codename “Homestead”) with updates to security, transaction processing and pricing.
June 2016 - The DAO hack.
20th July 2016 - ETH/ETC Hard Fork.
16th October 2017- Version 3 (codename “Metropolis: Byzantium”) with updates to the Ethereum Virtual Machine and smart contracts.
2017 - Ethereum Smart Contracts enable the funding of many crypto-currency projects via Initial Coin Offerings (ICOs).
December 2017 - Cryptokitties brings out scaling problems in Ethereum, with the network being congested and transactions being delayed.
28th February 2019 - Version 3.5 (codename ”Metropolis: Constantinople”) implementing zk-SNARKS borrowed from ZCash.
ETH/BTC (Update)
Now Let's Take a Look on Ether Technicals, In Bigger Chart (Monthly) Forming a Wedge Pattern & I Think 2020 Will Be Bullish Year For Ether.(If Follows my Plan)
ETH/USD (USD Pair)
Just like BTCUSD , Ether is Also Moving inside the Descending Channel (Downtrend) in Daily TF Chart.
Recently Tested the Lower Channel Line & Now Bouncing up Towards the Key Resistance (144), Just like BITCOIN .
It's Decreasing the Volume since 25th June Top & Now I Think It's Time For Reversal..(Major Indicators ( MACD & RSI ) Are Also Turning Bullish )
Now If Key Resistance Broken in Coming Days Then ETHER Will be Back in Uptrend & It Might Test (195) Resistance.
In 3D & Weekly Chart, It's Forming Bullish Wedge Pattern as well ..
Please like, subscribe and share your ideas and charts with the community!
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
Ether Milestones
Late 2013 - Ethereum White Paper released by Vitalik Buterin.
July/August 2014 - Ethereum Crowdfunding to fund development.
30th July 2015 - Public launch (Version 1, codename “Frontier”) with 72 million coins pre-mined to support development.
October 2015 - First Ethereum Improvement Proposal (EIP-1) lays out the rules for governance and community consensus.
14th March 2016 - First “stable” release (Version 2, codename “Homestead”) with updates to security, transaction processing and pricing.
June 2016 - The DAO hack.
20th July 2016 - ETH/ETC Hard Fork.
16th October 2017- Version 3 (codename “Metropolis: Byzantium”) with updates to the Ethereum Virtual Machine and smart contracts.
2017 - Ethereum Smart Contracts enable the funding of many crypto-currency projects via Initial Coin Offerings (ICOs).
December 2017 - Cryptokitties brings out scaling problems in Ethereum, with the network being congested and transactions being delayed.
28th February 2019 - Version 3.5 (codename ”Metropolis: Constantinople”) implementing zk-SNARKS borrowed from ZCash.
ETH/BTC (Update)
Now Let's Take a Look on Ether Technicals, In Bigger Chart (Monthly) Forming a Wedge Pattern & I Think 2020 Will Be Bullish Year For Ether.(If Follows my Plan)
ETH/USD (USD Pair)
Just like BTCUSD , Ether is Also Moving inside the Descending Channel (Downtrend) in Daily TF Chart.
Recently Tested the Lower Channel Line & Now Bouncing up Towards the Key Resistance (144), Just like BITCOIN .
It's Decreasing the Volume since 25th June Top & Now I Think It's Time For Reversal..(Major Indicators ( MACD & RSI ) Are Also Turning Bullish )
Now If Key Resistance Broken in Coming Days Then ETHER Will be Back in Uptrend & It Might Test (195) Resistance.
In 3D & Weekly Chart, It's Forming Bullish Wedge Pattern as well ..
Please like, subscribe and share your ideas and charts with the community!
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