{"id":382767,"date":"2019-05-17T18:00:52","date_gmt":"2019-05-17T18:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=382767"},"modified":"2019-05-17T18:22:25","modified_gmt":"2019-05-17T18:22:25","slug":"samsung-plans-massive-ethereum-even-prices-crumble","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/samsung-plans-massive-ethereum-even-prices-crumble\/","title":{"rendered":"Samsung News Bodes Well For Ethereum (ETH), Even Amid Price Crumble"},"content":{"rendered":"
In correction of mid-this week\u2019s rapid expansion, Ethereum (ETH) is down 11.7 percent even as reports suggest that Samsung will roll out cryptocurrency and blockchain functionality in their budget phones.<\/em><\/p>\n Like all liquid assets, Ethereum (ETH)<\/a> is nose diving. At the time of press, the second most valuable asset is down, falling 11.7 percent to $235. But, after days of impressive gains, surging 55 percent mid this week, a cool off was inevitable. There were hints from price action and today\u2019s slide is therefore not a surprise but a confirmation. As a result, aggressive traders can take this opportunity to ramp up in lower time frames once buy signals print. It\u2019s easy to see why.<\/p>\n Fundamentals are positive. Fresh reports<\/a> indicate that Samsung may introduce cryptocurrency and blockchain functionality in their budget Galaxy phones. The inclusion of crypto wallets in these low-cost smartphones is a massive boost for Ethereum and other ERC-20 projects supported by Samsung\u2019s Blockchain KeyStore.<\/p>\n Meanwhile, Fred Wilson, a partner at Union Square Ventures, has confirmed that 60 percent of CoinBase\u2019s trading volumes come from institutions. He goes on to say that only a handful of token and crypto funds are \u201call-in\u201d and it will take time before traditional institutions become active:<\/p>\n \u201cWhen people read in the Wall Street Journal that institutions are coming to crypto, they think Goldman is coming, but in reality, maybe 100 token funds in the US and 100 in Asia are all in so far.\u201d<\/em><\/p><\/blockquote>\n <\/p>\nEthereum Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangement<\/h3>\n