RATE Group | Ethereum (ETH) Technical Analysis: Bulls Depart from ETH, Price Stagnates Under $200
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Ethereum (ETH) Technical Analysis: Bulls Depart from ETH, Price Stagnates Under $200

10 Sep Ethereum (ETH) Technical Analysis: Bulls Depart from ETH, Price Stagnates Under $200

Posted at 22:03h in Ethereum News by

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Nothing in this article is to be construed as investment advice. Neither the author nor the publication assumes any responsibility or liability for any investments, profits or losses you may incur as a result of this information.

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Ethereum continues to weaken this week, down a further 32.21% against the US dollar as a mass exodus of investors, ICOs and miners crushes ETHs market demand. Ethereum shorts on the futures market have spiked significantly over the last week, too, as derivative traders forecast a continued slide to the asset’s value.

A constant reshuffling of priorities and lack of communication with the wider community in the last month has created a great deal of uncertainty over which direction the project is actually taking, leaving many investors seeking more secure assets elsewhere.

On August 31st, Core Developers were finally able to reach a consensus and commit to EIP 1234, which will delay the difficulty bomb by 12 months and reduce ETH block rewards from…

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