Ethereum | 2020 Will be Bullish Year For Ether..!!

What is Ethereum.??
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.

Ether Milestones

Late 2013 - Ethereum White Paper released by Vitalik Buterin.

July/August 2014 - Ethereum Crowdfunding to fund development.

30th July 2015 - Public launch (Version 1, codename “Frontier”) with 72 million coins pre-mined to support development.

October 2015 - First Ethereum Improvement Proposal (EIP-1) lays out the rules for governance and community consensus.

14th March 2016 - First “stable” release (Version 2, codename “Homestead”) with updates to security, transaction processing and pricing.

June 2016 - The DAO hack.

20th July 2016 - ETH/ETC Hard Fork.

16th October 2017- Version 3 (codename “Metropolis: Byzantium”) with updates to the Ethereum Virtual Machine and smart contracts.

2017 - Ethereum Smart Contracts enable the funding of many crypto-currency projects via Initial Coin Offerings (ICOs).

December 2017 - Cryptokitties brings out scaling problems in Ethereum, with the network being congested and transactions being delayed.

28th February 2019 - Version 3.5 (codename ”Metropolis: Constantinople”) implementing zk-SNARKS borrowed from ZCash.


ETH/BTC (Update)

Now Let's Take a Look on Ether Technicals, In Bigger Chart (Monthly) Forming a Wedge Pattern & I Think 2020 Will Be Bullish Year For Ether.(If Follows my Plan)



ETH/USD (USD Pair)

Just like BTCUSD , Ether is Also Moving inside the Descending Channel (Downtrend) in Daily TF Chart.

Recently Tested the Lower Channel Line & Now Bouncing up Towards the Key Resistance (144), Just like BITCOIN .

It's Decreasing the Volume since 25th June Top & Now I Think It's Time For Reversal..(Major Indicators ( MACD & RSI ) Are Also Turning Bullish )

Now If Key Resistance Broken in Coming Days Then ETHER Will be Back in Uptrend & It Might Test (195) Resistance.

In 3D & Weekly Chart, It's Forming Bullish Wedge Pattern as well ..

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