The majority of the news in the last few weeks has revolved around the godfather of coins: Bitcoin (BTC). The second-largest Asset in the crypto market, Ethereum (ETH), it had become somewhat silent. On one side of the Ethereum rate fell to under 200 $, after that he was able to keep this brand a good 3 months. On the other hand, the verb Ethereum, let in the shadow of its ‘big brother’ – so the dissatisfaction in the Community.Therefore, today we take a look at the Ethereum course, and on the other hand, we consider the Fundamentals of Ethereum. As always, none of these formulations represents a trade recommendation. DYOR!
Contents
Ethereum course and a look at the Charts
As just mentioned in the introduction, we want to look at both the Charts and the Fundamentals of Ethereum (ETH).With regard to the look at the Charts, one can say that there is at the Moment not much Positive to say about Ether (ETH). As the following Chart makes one thing well:A steep downward trend in the last two months has led to the formation of a “death cross”, which is a good indicator of more ‘pain’ when Ethereum course. The death cross as a bearisher indicator is clear from the fact that the 50-day moving average (MA50 – orange line) will intersect the 200-day moving average (MA200 – green line) to the bottom of the break/.The MA200 is in comparison to the MA50 is a ‘long-term’ indicator, since it forms the moving average of the last 200 days. By the MA50 breaks the MA200 down, this means that the Performance of the last 50 days, on average, was worse than the last 200 days. A sign of a bearish Phase.At the time of the publication of the article Ethereum listed according to Tradingview.com at around 178 US dollars. The Ethereum rate fell since its peak of 360 $ in 2019 to 50 percent, which is still 87% below its all-time high.And it is precisely this lack of purchasing rates, pulse paired with a fashion Ethereum price Performance have led the Community to the neglect Ethereum something. Looking however at the overall Performance of the Altcoins, so you can’t see quickly, that Ethereum is alone and, as before, most of the Altcoins are far below their all-time high.Trading on our brokers comparison-winning eToro. You are looking for a reliable and intuitive Broker to trade crypto-currencies, CFDs, shares, Forex, commodities and more? Then let yourself be in our eToro Test in 2019 all of the features explain, what possibilities are given to you here and where is here the Before – and disadvantages are . eToro Test 2019 read now.
Ethereum rate and its Fundamentals
We note: the Charts look modest. But what about the Fundamentals?We take note of the activity and the number of developers as a criterion. We will then be able to see relatively quickly that the Ethereum network and team of developers is still (very) solid. In other words, for The Ethereum Ecosystem to most developers.The following Tweet from @CryptoWelson to illustrate this. So Ethereum, for example, has more than 4 times as many developers as Bitcoin.
Observed Ethereum for the next couple of years! Of all the crypto-currencies there are, Ethereum, most of the developers!
Keep an eye on #Ethereum over the next few years! Out of every cryptocurrency that exists, Ethereum has the most developers!This means the possibilities for further growth are endless as their code is constantly being improved! ? pic.twitter.com/YCq1ItFCL1— Welson ? (@CryptoWelson) September 2, 2019
Another point that is mention in this context is the statement of Weiss Ratings. The credit rating Agency to shares the positive mood Ethereum. Specifically, Weiss Ratings Ethereum with competing Smart Contract and dApp compared platforms.The result is seen in the following Tweet:
#Ethereum has 1000s of devs around the world working on #dApps and other solutions on top of its #blockchain. #Cardano team is much smaller, but it has the advantage of a highly experienced group that insists on extremely disciplined process. #ADA #ETH #crypto #cryptocurrency— and-White Crypto-Ratings (@white crypto) August 31, 2019
In short: the robust team of developers of Ethereum is (constantly?) strive to improve the network in terms of performance and safety. Such improvements in the long term, lead to a better network and (probably) also to be a pricing when Ethereum course.It is true, however, that there have been delays in the Roadmap of Ethereum and the progress of the development, in some respects, were slow; but it is not the case that Ethereum is alone. Competing platforms such as EOS or Cardano is still to deliver at the precise time.
Conclusion: Bearish Charts for Ethereum course, but good Fundamentals
The (possibly) impending death of the cross, and the consequent crossing of the MA200, the MA50 are not a bullish sign. From a chart technical point of view, it looks rather bearish for the Ethereum course. Charts, however, are not everything. Some of the Fundamentals (Developer-the number and activity) look good and Ethereum in comparison to the competition a head start.The planned and upcoming Istanbul Hardfork will also bring a number of improvements. It represents the first stage of the wider ‘Serenity-Updates’, this will work the way as Ethereum, fundamentals will improve. Because with the Serenity Update is another step in the direction of the supposed to be a decentralized global Computer’. If (and I emphasize that!) these plans will be properly and punctually implemented, this is likely to be a catalyst who will lead the Ethereum course again to old heights back, and Ether to make it shiny.If you so, Ether (ETH) on the award-winning and award-Winning platform from eToro want to trade, you can do it! In particular, for beginners, the platform provides one of the best User experiences in the world. In addition, you can not only rising but also falling share prices!Just try it out and get in, instead of just reading!75 % of private CFD accounts lose money. No EU investor protection. (Image Source: Shutterstock Tradingview.com)