{"id":379785,"date":"2019-04-25T18:00:07","date_gmt":"2019-04-25T18:00:07","guid":{"rendered":"https:\/\/wncen.com\/?p=379785"},"modified":"2024-06-11T18:27:15","modified_gmt":"2024-06-11T18:27:15","slug":"samsung-trials-plus-ethereum-2-0-another-reason-to-be-eth-bullish","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/samsung-trials-plus-ethereum-2-0-another-reason-to-be-eth-bullish\/","title":{"rendered":"Samsung Trials Plus Ethereum 2.0 Another Reason To Be ETH Bullish"},"content":{"rendered":"<ul>\n<li><em>Ethereum (ETH) bearish below $190<\/em><\/li>\n<li><em>Samsung experimentation is a sign of confidence on the platform<\/em><\/li>\n<\/ul>\n<p><em>Start-ups, desirous of exploring blockchain, no longer need to start from scratch thanks to Ethereum. Samsung is the latest. Two months after announcing the support of Ethereum (ETH) in their S10 Galaxy phones, sources reveal that the electronics giant may soon launch their blockchain and perhaps issue their token<\/em>.<\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>With Ethereum there is no need for start-ups to start from scratch. That\u2019s regardless of whether they plan to compete with the king as a parallel platform where other start-ups can launch dApps. Projects like EOS, Tron and even Binance all have a founding at Ethereum, cementing the platform\u2019s richness and diversity.<\/p>\n<p>Although Tron, Binance, and EOS went on to launch their blockchain, burning their ERC-20 tokens, the fact is many developers planning on launching their dApps prefer a time-tested, decentralized network that plans to incorporate features allowing it to scale without sacrificing depth, organizational assets, and openness.<\/p>\n<p>Constantinople was a success, and towards Serenity, Samsung is sensing opportunity announcing plans of launching their token. According to internal sources, the South Korean Electronics giant, via its Wireless Division, is currently experimenting and building a mainnet based on Ethereum. While talking to CoinDesk, the source said:<\/p>\n<blockquote><p><em>\u201cCurrently, we are thinking of private blockchain, though it is unsubstantiated. It could also be public blockchain in the future, but I think it will be hybrid \u2013 that is, a combination of public and private blockchains.\u201d<\/em><\/p><\/blockquote>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-379780\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-25.png?resize=1280%2C1024\" alt=\"Ethereum ETH\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-25.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-25.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-25.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-25.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-25.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-Daily-Chart-Apr-25.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>To the charts and <a href=\"https:\/\/wncen.com\/2019\/04\/24\/despite-dropping-ethereum-eth-is-bullish-and-may-even-be-a-store-of-value\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum (ETH)<\/a>, despite all the fundamentals, is yet to recover above $170 satisfactorily. At the time of press, ETH is pretty stable, dropping 1.4 percent in the last week.<\/p>\n<p>Even though risk-off traders can buy on dips as long as prices are above $150, the fact that losses of Apr-11 bear bar are visible may spur another wave of liquidation forcing prices below Apr-15 lows. From our last ETH\/USD trade plan, if that happens then odds are ETH may slip back to $150, $135 and later $100 as sellers of Q4 2018 flow back, crashing bulls\u2019 ambitions.<\/p>\n<p>Therefore, even if traders are upbeat thanks to fundamental factors, there must be a sharp upturn that propels prices above $190 in a bullish breakout pattern invalidating bears of Q4 2018. That will allow conservative traders to initiate longs with targets at $250 or higher. Before then, aggressive traders should ramp up albeit with tight stops at $150.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Average volumes stand at 183k. Apr-11 bear bar with 336k is our reference. Because prices are still ranging within its high low, any move above $190 confirming buyers of Apr-2 must be with high volumes above 336k.<\/p>\n<p><strong><em>Chart courtesy of Trading View<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH) bearish below $190 Samsung experimentation is a sign of confidence on the platform Start-ups, desirous of exploring blockchain, no longer need to start from scratch thanks to Ethereum. Samsung is the latest. Two months after announcing the support of Ethereum (ETH) in their S10 Galaxy phones, sources reveal that the electronics giant may soon launch their blockchain and perhaps issue their token. Ethereum Price Analysis Fundamentals With Ethereum there is no need for start-ups to start from scratch. That\u2019s regardless of whether they plan to compete with the king as a parallel platform where other start-ups can launch dApps. Projects like EOS, Tron and even Binance all have a founding at Ethereum, cementing the platform\u2019s richness and diversity. Although Tron, Binance, and EOS went on to launch their blockchain, burning their ERC-20 tokens, the fact is many developers planning on launching their dApps prefer a time-tested, decentralized network that plans to incorporate features allowing it to scale without sacrificing depth, organizational assets, and openness. Constantinople was a success, and towards Serenity, Samsung is sensing opportunity announcing plans of launching their token. According to internal sources, the South Korean Electronics giant, via its Wireless Division, is currently experimenting and building a mainnet based on Ethereum. While talking to CoinDesk, the source said: \u201cCurrently, we are thinking of private blockchain, though it is unsubstantiated. It could also be public blockchain in the future, but I think it will be hybrid \u2013 that is, a combination of public and private blockchains.\u201d Candlestick Arrangements To the charts and Ethereum (ETH), despite all the fundamentals, is yet to recover above $170 satisfactorily. At the time of press, ETH is pretty stable, dropping 1.4 percent in the last week. Even though risk-off traders can buy on dips as long as prices are above $150, the fact that losses of Apr-11 bear bar are visible may spur another wave of liquidation forcing prices below Apr-15 lows. From our last ETH\/USD trade plan, if that happens then odds are ETH may slip back to $150, $135 and later $100 as sellers of Q4 2018 flow back, crashing bulls\u2019 ambitions. Therefore, even if traders are upbeat thanks to fundamental factors, there must be a sharp upturn that propels prices above $190 in a bullish breakout pattern invalidating bears of Q4 2018. That will allow conservative traders to initiate longs with targets at $250 or higher. Before then, aggressive traders should ramp up albeit with tight stops at $150. Technical Indicators Average volumes stand at 183k. Apr-11 bear bar with 336k is our reference. Because prices are still ranging within its high low, any move above $190 confirming buyers of Apr-2 must be with high volumes above 336k. 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":[8323,1946,3750],"class_list":["post-379785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum","tag-samsung"],"acf":[],"yoast_head":"\n<title>Samsung Trials Plus Ethereum 2.0 Another Reason To Be ETH Bullish<\/title>\n<meta name=\"description\" content=\"Despite headwinds and crackdown on ICOs, Ethereum (ETH) is solid and it is said Samsung is trialing with the platform with plans of launching a token.\" \/>\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. 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. 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