{"id":381518,"date":"2019-05-09T18:00:30","date_gmt":"2019-05-09T18:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=381518"},"modified":"2024-06-11T18:28:27","modified_gmt":"2024-06-11T18:28:27","slug":"ethereum-eth-decoupling-project-has-more-monthly-active-developers","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-decoupling-project-has-more-monthly-active-developers\/","title":{"rendered":"Ethereum (ETH) Decoupling, Project Has More Monthly Active Developers"},"content":{"rendered":"
On average there are 216 monthly active developers working on improving Ethereum (ETH) better. That is bullish now that the aim is to transition from Proof-of-Work to a staking system in Serenity. In the long term, ETH is bullish. Meanwhile, prices must close above $190 in a breakout trade.<\/em><\/p>\n The crypto space is vibrant and back to green. Even so, we should note that there is a degree of decoupling between Bitcoin, the market leader and altcoins, including Ethereum. Note that despite Bitcoin (BTC) surging, Ethereum (ETH) prices are not responding as per traders\u2019 expectations. In the last day, ETH is down 0.8 percent, struggling to breach $170 and up a mere 5.3 percent from last week\u2019s close.<\/p>\n All the same, it is the rate of development that is interesting, hinting of bulls. Ethereum (ETH) is a trigger of innovation thanks to their smart contracting capabilities. However, competitors are catching up. Regardless, the number of monthly active users<\/a> surpasses those contributing to Bitcoin and Tron or EOS, projects that the Chinese CCID ranks higher and lauded for their lightning speeds.<\/p>\n Although many may attribute this to the release of Ethereum 2.0 TestNet for the Beacon blockchain by Prysmatic Labs, that has been the norm. Developers are flocking to the network despite the requirement of coding using Solidity and shunning others.<\/p>\n It may be the challenge, but if Ethereum is to be 3.0 creating another layer on top of the blockchain (web 2.0) and Internet (Web 1.0) as the network upgrades from the current \u201cinvestment\u201d state made possible by web 2.0, then there must be developers contributing to Ethereum repositories. That\u2019s what is happening, and this is bullish for Ethereum (ETH) in the long term.<\/p>\n <\/p>\n Fundamentals are \u201cvery\u201d bullish, and as Ethereum development pick momentum, it is likely that prices will follow suit. However, that is all dependent on whether ETH bulls will clear immediate resistances at $190, marking Apr-2019 highs. If not, then we expect the current consolidation to continue.<\/p>\nEthereum Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangement<\/h3>\n