{"id":372388,"date":"2019-02-22T17:00:40","date_gmt":"2019-02-22T17:00:40","guid":{"rendered":"https:\/\/wncen.com\/?p=372388"},"modified":"2024-06-11T16:18:39","modified_gmt":"2024-06-11T16:18:39","slug":"ethereum-eth-possible-march-to-250-up-22-percent","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/","title":{"rendered":"Ethereum (ETH) Possible March to $250, Up 22 Percent"},"content":{"rendered":"<ul>\n<li><em>Ethereum prices up 22 percent from last week\u2019s close<\/em><\/li>\n<li><em>Andreas M. Antonopoulos warns of technical community in-fighting<\/em><\/li>\n<li><em>Transaction volumes on the rise, likely to propel prices above $170<\/em><\/li>\n<\/ul>\n<p><em>Andreas M. Antonopoulos is against the toxicity within Ethereum\u2019s developer community. He says this can cause fragmentation and slow down Ethereum (ETH) bulls that are up 22 percent in the last week.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Open source, public blockchains do symbolize decentralization. As attractive as they may be, they can be a source of fragmentation in an otherwise stable platform. We can draw some lessons from Ethereum and Ethereum Classic.<\/p>\n<p>Before the <a href=\"https:\/\/medium.com\/@ogucluturk\/the-dao-hack-explained-unfortunate-take-off-of-smart-contracts-2bd8c8db3562\" rel=\"nofollow\">DAO attack<\/a>, there was a consensus that Ethereum will follow the immutability route, the main building block of Bitcoin. In light of the \u201cdisaster,\u201d changes were made, and immutability given a back seat leading to a new faction of maximalists including Charles Hoskinson who still believe the code is law and rectification shouldn\u2019t be irreversible amendments. Nevertheless, a hard fork was done, and the result was the eventual recovery of lost funds but at the <a href=\"https:\/\/cryptohustle.com\/5-reasons-why-the-dao-bailout-was-bad-for-ethereum\" rel=\"nofollow\">cost<\/a> of immutability and the general integrity of the Ethereum blockchain.<\/p>\n<p>Now that <a href=\"https:\/\/wncen.com\/2019\/02\/19\/ethereum-eth-price-analysis-afri-quits-will-bulls-fizzle-out\/\" target=\"_blank\" rel=\"noopener \">Afri Schoedon<\/a>, a core developer and the man behind several EIPs, left, Andreas M. Antonopoulos is warning against in-fighting. As he was delivering a keynote speech at the ETHDenver, the author of \u201cMastering Bitcoin\u201d and \u201cMastering Ethereum had this to say:<\/p>\n<blockquote><p><em>\u201cBe careful of fragmentation \u2026 in difficulty, people become more insular in their thinking, and they start magnifying differences instead of focusing on commonalities. When things are easy, it\u2019s easy to get along. When things get hard, that\u2019s when you need to stop and remember the things we share rather than the things that divide us.\u201d<\/em><\/p><\/blockquote>\n<h3>Candlestick Arrangements<\/h3>\n<p>In the top 10, ETH is up 22 percent from last week\u2019s close and at second place in the liquidity and market cap table. With this, it is clear that the path of least resistance is up. In a bull breakout pattern, every low is technically a buying opportunity with first targets at $170. After all, our <a href=\"https:\/\/wncen.com\/2019\/02\/22\/ethereum-price-analysis-eth-hesitates-but-break-above-150-seem-likely\/\" target=\"_blank\" rel=\"noopener \">ETH\/USD trading plan<\/a> is valid, and risk-off traders are in green territory after Feb 17 upswings confirmed gains of Feb 8. Once prices rally above $170, the bear breakout pattern of early Nov will be null as bulls march towards $250 and even $300.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>After two weeks of higher highs, market participation is tapering as traders take their profits. What we need is a sharp break and close above $170 with the accelerants being high trade volumes exceeding those of Feb 18\u2014677k.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum prices up 22 percent from last week\u2019s close Andreas M. Antonopoulos warns of technical community in-fighting Transaction volumes on the rise, likely to propel prices above $170 Andreas M. Antonopoulos is against the toxicity within Ethereum\u2019s developer community. He says this can cause fragmentation and slow down Ethereum (ETH) bulls that are up 22 percent in the last week. Ethereum Price Analysis Fundamentals Open source, public blockchains do symbolize decentralization. As attractive as they may be, they can be a source of fragmentation in an otherwise stable platform. We can draw some lessons from Ethereum and Ethereum Classic. Before the DAO attack, there was a consensus that Ethereum will follow the immutability route, the main building block of Bitcoin. In light of the \u201cdisaster,\u201d changes were made, and immutability given a back seat leading to a new faction of maximalists including Charles Hoskinson who still believe the code is law and rectification shouldn\u2019t be irreversible amendments. Nevertheless, a hard fork was done, and the result was the eventual recovery of lost funds but at the cost of immutability and the general integrity of the Ethereum blockchain. Now that Afri Schoedon, a core developer and the man behind several EIPs, left, Andreas M. Antonopoulos is warning against in-fighting. As he was delivering a keynote speech at the ETHDenver, the author of \u201cMastering Bitcoin\u201d and \u201cMastering Ethereum had this to say: \u201cBe careful of fragmentation \u2026 in difficulty, people become more insular in their thinking, and they start magnifying differences instead of focusing on commonalities. When things are easy, it\u2019s easy to get along. When things get hard, that\u2019s when you need to stop and remember the things we share rather than the things that divide us.\u201d Candlestick Arrangements In the top 10, ETH is up 22 percent from last week\u2019s close and at second place in the liquidity and market cap table. With this, it is clear that the path of least resistance is up. In a bull breakout pattern, every low is technically a buying opportunity with first targets at $170. After all, our ETH\/USD trading plan is valid, and risk-off traders are in green territory after Feb 17 upswings confirmed gains of Feb 8. Once prices rally above $170, the bear breakout pattern of early Nov will be null as bulls march towards $250 and even $300. Technical Indicators After two weeks of higher highs, market participation is tapering as traders take their profits. What we need is a sharp break and close above $170 with the accelerants being high trade volumes exceeding those of Feb 18\u2014677k.<\/p>\n","protected":false},"author":384,"featured_media":344602,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946],"class_list":["post-372388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum (ETH) Possible March to $250, Up 22 Percent<\/title>\n<meta name=\"description\" content=\"Ethereum prices up 22 percent from last week\u2019s close Andreas M. 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Antonopoulos warns of technical community in-fighting Transaction volumes on the rise,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-22T17:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T16:18:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?fit=1200%2C650\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"650\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"Ethereum (ETH) Possible March to $250, Up 22 Percent\",\"datePublished\":\"2019-02-22T17:00:40+00:00\",\"dateModified\":\"2024-06-11T16:18:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/\"},\"wordCount\":430,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?fit=1200%2C650\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/\",\"name\":\"Ethereum (ETH) Possible March to $250, Up 22 Percent\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?fit=1200%2C650\",\"datePublished\":\"2019-02-22T17:00:40+00:00\",\"dateModified\":\"2024-06-11T16:18:39+00:00\",\"description\":\"Ethereum prices up 22 percent from last week\u2019s close Andreas M. 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum (ETH) Possible March to $250, Up 22 Percent","url":"http:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum-eth-possible-march-to-250-up-22-percent\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?fit=1200%2C650"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum"],"dateCreated":"2019-02-22T17:00:40Z","datePublished":"2019-02-22T17:00:40Z","dateModified":"2024-06-11T16:18:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum (ETH) Possible March to $250, Up 22 Percent\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-eth-possible-march-to-250-up-22-percent\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-eth-possible-march-to-250-up-22-percent\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-eth6-bullish.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-eth6-bullish.jpg?fit=1200%2C650\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\"],\"dateCreated\":\"2019-02-22T17:00:40Z\",\"datePublished\":\"2019-02-22T17:00:40Z\",\"dateModified\":\"2024-06-11T16:18:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?fit=1200%2C650","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/372388"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=372388"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/372388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/344602"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=372388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=372388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=372388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}