Ether Price Analysis: Bullish Outlook Continues As Resistance Levels Hold

As Bitcoin continues its bull run, the top alts by market capitalization have also made strides of their own. Ripple shot to new all-time highs (ATHs) this week and Litecoin has now activated SegWit, a block size and scalability protocol change. Litecoin will continue to receive further protocol upgrades made possible through SegWit activation. Ethereum is due for a protocol change, Metropolis, in the form of a hard fork sometime later this year. From a user standpoint, a competitive protocol change and upgrade environment with active developers amongst the top coins ensure these technologies will continue to push the limits of finance and beyond.


Despite showing some signs of slowing last week, Ethereum continues to break hash rate ATHs, now at almost 25,000 GH/s, suggesting that miner confidence in the future of Ethereum remains strong.


GDAX continues to take the lion’s share of volume, suggesting that USD fiat on-ramping remains strong. Bitfinex also continues to sit slightly higher in price than the other exchanges due to ongoing USD deposit and withdrawal issues.

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Ethereum has had two recent chart patterns that failed to complete to their respective

Read more ... source: Bitcoin Magazine

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