{"id":378224,"date":"2019-04-12T18:00:19","date_gmt":"2019-04-12T18:00:19","guid":{"rendered":"https:\/\/wncen.com\/?p=378224"},"modified":"2024-06-11T21:14:37","modified_gmt":"2024-06-11T21:14:37","slug":"no-courts-cannot-force-changes-ethereum-eth-bullish-above-170","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/no-courts-cannot-force-changes-ethereum-eth-bullish-above-170\/","title":{"rendered":"No, Courts Cannot Force Changes, Ethereum (ETH) Bullish Above $170"},"content":{"rendered":"<ul>\n<li><em>Ethereum prices up but bears may stage a comeback<\/em><\/li>\n<li><em>Decentralization effectively neutralizes threats<\/em><\/li>\n<\/ul>\n<p><em>Jimmy Song, a Bitcoin supporter, asked a question on matters touching decentralization and Vitalik answered him correctly. In a system with no attack vectors that to complete distribution, the will of the people wins. It may be why most projects launch their dApps from Ethereum (ETH) driving demand and prices.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Competition may be heating up. All the same, Ethereum is the indisputable king of smart contracts, and the native currency is the second largest by market capitalization. With a technical and firm leader spearheading the project, Ethereum is unassailable, decentralized and above all, attractive for projects.<\/p>\n<p>In a recent study by Dapp.com, it is evident that despite what competitors like Justin Sun\u2019s Tron and EOS put on the table plus a scalable platform, most are gravitating towards Ethereum thanks to security, distributions, and levels of development.<\/p>\n<p>Even so, most of these dApps are low in activity leaving gambling apps to dominate in Tron and EOS. Aside from network and dApp activity, unlike Bitcoin with a faceless leader, every minor detail about Ethereum is focused on Vitalik Buterin. He may not be the leader\u2014as the network is decentralized but can be referred to because he conceived the idea.<\/p>\n<p>However, Jimmy Song, an outspoken educator and supporter of BTC, is now asking an \u201chonest\u201d question asking the community what would happen if \u201c<em>US court orders Vitalik to hard fork ETH to allow people who lost money on the parity bug to recover it<\/em>.\u201d It got the attention of Vitalik, who dug up his archives, revealing how he tackled a similar question in the past while highlighting that even in the face of threats, decentralization always wins.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Honest question: what would happen if a US court orders Vitalik to hard fork ETH to allow people who lost money on the parity bug to recover it? Further, what happens if Vitalik refuses, is found in contempt and starts sitting in jail?<\/p>\n<p>&mdash; Jimmy Song (\uc1a1\uc7ac\uc900) (@jimmysong) <a href=\"https:\/\/twitter.com\/jimmysong\/status\/36094978?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 11, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-378220\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-12.png?resize=1280%2C1024\" alt=\"Ethereum ETH\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-12.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-12.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-12.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-12.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-12.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-12.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>From the charts, Ethereum (ETH) is up 4.3 percent in the last week. Even so, traders should note that ETH bulls are not entirely on the clear. If anything, should prices collapse below $150 reversing Apr 2 gains then up-thrust above $170 would automatically be a false breakout.<\/p>\n<p>In such a scenario, ETH would most likely melt back towards $135 as bears of Feb 24 once again hound traders, crashing stops in a cascading effect.<\/p>\n<p>At the moment and thanks to an upbeat market, traders are bullish. However, for that assertion to be true, then we need a firm close above $190. That will confirm bulls of last week\u00a0 in\u00a0 a trend continuation phase.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>For the above to hold true, accompanying volumes driving ETH above $190 ought to be with high transaction volumes. Ideally, that demand a spike in participation levels above averages of 384k, 575k of Apr 2 and most importantly, 880k of Feb 24.<\/p>\n<p><strong><em>Chart courtesy of Trading View<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum prices up but bears may stage a comeback Decentralization effectively neutralizes threats Jimmy Song, a Bitcoin supporter, asked a question on matters touching decentralization and Vitalik answered him correctly. In a system with no attack vectors that to complete distribution, the will of the people wins. It may be why most projects launch their dApps from Ethereum (ETH) driving demand and prices. Ethereum Price Analysis Fundamentals Competition may be heating up. All the same, Ethereum is the indisputable king of smart contracts, and the native currency is the second largest by market capitalization. With a technical and firm leader spearheading the project, Ethereum is unassailable, decentralized and above all, attractive for projects. In a recent study by Dapp.com, it is evident that despite what competitors like Justin Sun\u2019s Tron and EOS put on the table plus a scalable platform, most are gravitating towards Ethereum thanks to security, distributions, and levels of development. Even so, most of these dApps are low in activity leaving gambling apps to dominate in Tron and EOS. Aside from network and dApp activity, unlike Bitcoin with a faceless leader, every minor detail about Ethereum is focused on Vitalik Buterin. He may not be the leader\u2014as the network is decentralized but can be referred to because he conceived the idea. However, Jimmy Song, an outspoken educator and supporter of BTC, is now asking an \u201chonest\u201d question asking the community what would happen if \u201cUS court orders Vitalik to hard fork ETH to allow people who lost money on the parity bug to recover it.\u201d It got the attention of Vitalik, who dug up his archives, revealing how he tackled a similar question in the past while highlighting that even in the face of threats, decentralization always wins. Honest question: what would happen if a US court orders Vitalik to hard fork ETH to allow people who lost money on the parity bug to recover it? Further, what happens if Vitalik refuses, is found in contempt and starts sitting in jail? &mdash; Jimmy Song (\uc1a1\uc7ac\uc900) (@jimmysong) April 11, 2019 Candlestick Arrangements From the charts, Ethereum (ETH) is up 4.3 percent in the last week. Even so, traders should note that ETH bulls are not entirely on the clear. If anything, should prices collapse below $150 reversing Apr 2 gains then up-thrust above $170 would automatically be a false breakout. In such a scenario, ETH would most likely melt back towards $135 as bears of Feb 24 once again hound traders, crashing stops in a cascading effect. At the moment and thanks to an upbeat market, traders are bullish. However, for that assertion to be true, then we need a firm close above $190. That will confirm bulls of last week\u00a0 in\u00a0 a trend continuation phase. Technical Indicators For the above to hold true, accompanying volumes driving ETH above $190 ought to be with high transaction volumes. Ideally, that demand a spike in participation levels above averages of 384k, 575k of Apr 2 and most importantly, 880k of Feb 24. Chart courtesy of Trading View<\/p>\n","protected":false},"author":384,"featured_media":378100,"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-378224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>No, Courts Cannot Force Changes, Ethereum (ETH) Bullish Above $170<\/title>\n<meta name=\"description\" content=\"Ethereum prices up but bears may stage a comeback Decentralization effectively neutralizes threats Jimmy Song, a Bitcoin supporter, asked a question on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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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. 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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":"No, Courts Cannot Force Changes, Ethereum (ETH) Bullish Above $170","url":"http:\/\/wncen.com\/news\/no-courts-cannot-force-changes-ethereum-eth-bullish-above-170\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/no-courts-cannot-force-changes-ethereum-eth-bullish-above-170\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-ethereum-crypto-trading-volume-utterstock_1101060608.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/bitcoin-ethereum-crypto-trading-volume-utterstock_1101060608.jpg?fit=7360%2C4912"},"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":"2019-04-12T18:00:19Z","datePublished":"2019-04-12T18:00:19Z","dateModified":"2024-06-11T21:14:37Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"No, Courts Cannot Force Changes, Ethereum (ETH) Bullish Above $170\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/no-courts-cannot-force-changes-ethereum-eth-bullish-above-170\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/no-courts-cannot-force-changes-ethereum-eth-bullish-above-170\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/bitcoin-ethereum-crypto-trading-volume-utterstock_1101060608.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/bitcoin-ethereum-crypto-trading-volume-utterstock_1101060608.jpg?fit=7360%2C4912\"},\"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\":\"2019-04-12T18:00:19Z\",\"datePublished\":\"2019-04-12T18:00:19Z\",\"dateModified\":\"2024-06-11T21:14:37Z\"}<\/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\/2019\/04\/bitcoin-ethereum-crypto-trading-volume-utterstock_1101060608.jpg?fit=7360%2C4912","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/378224","targetHints":{"allow":["GET"]}}],"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=378224"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/378224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/378100"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=378224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=378224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=378224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}