Ethereum (ETH) Daily and Weekly Chart Analysis: August 28th

All things constant, Ethereum is the worst performing coin in the top 10 adding three percent on a weekly basis paling in comparison. Though we might see a recovery in the short term—dependent mostly on the performance of BTC—the lack of consensus ahead of a critical hard fork should worry investors angling for a breather once there is a successful implementation of several EIP proposals via Constantinople.

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Consensus. That’s a necessity in blockchain Proof of work systems and must be reach whenever a block is created in a proof of work systems as Ethereum. Ironically, it is missing and rare amongst Ethereum developers split in the middle over the implementation of important Ethereum Improvement Proposals (EIP) before the all-important metropolis hard fork, the Constantinople, scheduled for mid-October.

After two hours of deliberate discussions lead by Hudson Jameson on the way forward, the progress is slow to say the least. While the Constantinople is by…