RATE Group | Ethereum Technical Analysis Shows Possible Breakout Following Hardfork Upgrade – Ethereu…
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Ethereum Technical Analysis Shows Possible Breakout Following Hardfork Upgrade – Ethereu…

06 Jan Ethereum Technical Analysis Shows Possible Breakout Following Hardfork Upgrade – Ethereu…

Posted at 17:49h in Ethereum News by

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As we move into 2020, crypto enthusiasts are citing the changes and updates within the Ethereum (ETH-USD) community as sparks for the coin returning to its height of value in 2017. This comes after the coin’s second expected hard fork known as Muir Glacier occurred.

Fundamental Analysis

Earlier in the month, Ethereum underwent the Istanbul hard fork. This network upgrade, the 8th in the series, was done to improve the performance of the Ethereum network as well as reduce the costs of the opcdes. It also enabled Ethereum to be interoperability with ZCash in its atomic-swaps. 6 out of 38 proposals were included in the Istanbul hard fork, with a possibility of adding 8 more in the proposed hard fork of June 2020 known as the Berlin hard fork.

In the meantime, there are reports that emerged in the past week that a major holder of Ethereum had started to sell off holdings. According to the report, an Ethereum holder whose wallet had been identified, had sold off more than 300,000…

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