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Ethereum Technical Analysis: ETH/USD Bulls are supported for a big retest of 2019 high area

Click here to view original web page at www.fxstreet.com Ethereum price holding gains of some 1.70% in the second half of trading on Thursday. ETH/USD mixed picture at the moment; 60-minute view shows a bearish flag formation, daily is supported by an ascending trend line, for a retest of 2019 high area.
ETH/USD 15-minute chart

Spot rate: 0.3150
Relative change: +0.70%
High: 0.3179
Low: 0.3101
Trend: Bearish
Trends:
Daily SMA20: 133.62
Daily SMA50: 123.41
Daily SMA100: 121.77
Daily SMA200: 176.43
Levels:
Previous Daily High: 141.38
Previous Daily Low: 127.73
Previous Weekly High: 152.82
Previous Weekly Low: 123.04
Previous Monthly High: 163.23
Previous Monthly Low: 102.17
Daily Fibonacci 38.2%: 132.95
Daily Fibonacci 61.8%: 136.16
Daily Pivot Point S1: 128.67
Daily Pivot Point S2: 121.38
Daily Pivot Point S3: 115.02
Daily Pivot Point R1: 142.31
Daily Pivot Point R2: 148.66
Daily Pivot Point R3: 155.95
ETH/USD 60-minute chart
Price action has formed a moving within a bearish flag formation, seen via the 60-minute view.

ETH/USD daily chart
Bulls gunning for a retest of 2019 high area, supply zone tracks from $150-170 region.

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ETH/USD mixed picture at the moment; 60-minute view shows a bearish flag formation, […]
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Ethereum Price Forecast: Ether Targets Additional Gains

Click here to view original web page at www.ethnews.comKey Highlights
Technically, the 2-hour chart indicators are consolidating below midlines in the bearish territory.
Ether Price Analysis (ETH)
After another rejection near the $140.00 resistance, ETH/USD declined sharply below the $136.00 and $130.00 support levels. However, the decline failed and the pair reversed most losses after trading as low as $127.55.
ETH/BTC also followed a similar structure and declined sharply after it failed to break the 0.0362BTC resistance. However, the 0.0340BTC level acted as a support and the pair rebounded nicely above 0.0350BTC and 0.0355BTC.

Let’s look at the 2-hour chart to understand the recent drop in ETH/USD. The pair fell significantly below the $136.00 and $134.00 support levels. However, it turned out to be a false break as Ether bounced back after filling stop orders.
There was a rejection candle formed with a long wick and small body from the $127.55 low. The price moved back above $136.00 and it is currently consolidating. On the upside, there is a strong resistance formed near $139.00 and a major bearish trendline, with resistance at $140.00 on the same chart.
Should Ether break the $140.00 resistance, it could start a solid upward move toward the $142.00 and $145.00 resistance levels. On the downside, the main support is at $134.00, below which the price might decline to $130.00.

Moving down to the 30-minute chart of ETH/USD, the pair clearly bounced back hard after setting a new weekly low at $127.55. It is currently trading in a range above the $135.40 support with resistance at $138.00.
Overall, the current price action is suggesting an upside break in ETH as long as the price is trading above the $134.00 support level.
Aayush Jindal
Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis. He strives to provide entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession and loves blogging.
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The content on ETHNews.com is provided for informational purposes only and it is not intended to be, and does not, constitute financial advice or any other advice. You should not rely on any ETHNews.com content to make an investment decision. ETHNews.com is not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.
Technically, the 2-hour chart indicators are consolidating below midlines in the bearish territory. Ether Price Analysis (ETH)
After another rejection near the $140.00 resistance , ETH/USD declined […]
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Ethereum-Based OmigeGO (OMG) Makes Its Way To Gibraltar Crypto Exchange

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The Gibraltar Blockchain Exchange Has Added some support For The OmiseGo, OMG
The GBX, which is also referred to as the Gibraltar-Blockchain-Exchange, which is an institutional grade, that is insured and regulated token sale platform together with being a digital asset exchange. They have just gone ahead to announce a new addition which is the OMG, referred to as the OmiseGo. It has been added to the GBX-DAX, which is an exchange that has been developed for the professionals within the crypto trading market.
More On The OMG Network
The OMG will be having some trading pairs with the ETH, BTC and the USD straight on the GBX-DAX. It is a network that was established in the aims of facilitating proper inclusion together with interoperability. Plus, it will be able to offer users with a decentralized mechanism that can be used for the future in the financial networks along with the decentralized economies.
It will also allow the building, easy use of dApps, and scaling within the OMG network; this is emphasizing the need to establish transparency and easy access within the decentralized system. The OMG is an ERC-20 token, one that will allow for easy exchanges and transactions to take place within the network, all this happening across the different blockchain networks, as well as between different blockchains at the same time.
Ever since they were able to obtain the full DLT License that is from the GFSC, also referred to as the Gibraltar Finance Services Commissions. As a result, the GBX-DAX will become the very first insured and regulated Digital Asset Exchange one that will be owned by the traditional stock exchange, which is the GSX, Gibraltar Stock Exchange.
As a user on the GBX-DAX, you will have access to the growing catalog that consists of very high profile digital assets and also has the opportunity in participating in a token economy in an environment that has been built on good governance plus the best practices that have been brought over by the EU-regulated by the GSX.

The GBX , which is also referred to as the Gibraltar-Blockchain-Exchange , which is an institutional grade, […]
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Distributed Digest: Thursday, February 28, 2019

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Your daily distillation of crypto news for Thursday, February 28, 2019:
Golem Rides the Ghost
María Paula Fernández, who heads external relations for Golem, today announced that the project is migrating from Medium to Ghost, an open-source, hands-off publishing platform that other crypto organizations like Aragon have embraced.
After receiving reports from community members that its blog was down, Golem learned that Medium had disabled the feature of redirecting the team’s blog domain. Although this issue was part of Golem’s decision to leave Medium, Fernández also noted that the team believes in open-source communities and "being in control of [its] data."
Additionally, Golem has created a Peepeth account to further embrace the ethos of censorship resistance.
0x Extensions for Different Exchange Types
Part of v2.0 of the 0x protocol is the recently announced 0x Extensions feature. With this new feature, projects can offer different types of crypto trading for their users, including Dutch auctions, automatic ETH wrapping and order filling, and whitelisting. Each of these trading types is enabled by an extension EDCC (aka smart contract).
The 0x team intends to create more extension contracts to further meet the needs of developers.
Automated Token-Trading Strategies with Sets
Set Protocol yesterday announced the introduction of Strategy Enabled Tokens (Sets), which the team describes as EDCC-based "tokenized trading strategies." With these tokens, traders can automate certain trading strategies like going long or short, buying the dip, and dollar cost averaging.
In fact, Sets reportedly enable users to program any customized trading strategies into the contracts, for example, the condition "if the price of ETH goes above $1,000, then sell everything into 100% DAI." Further, Sets function as ERC20 tokens and can thus be used across a variety of outlets, from being exchanged on 0x or Kyber to potentially being used as collateral for a loan on MakerDAO.
The Set Protocol team assures the community that these tokens are "not just a conceptualization," adding that it’s "close to protocol code-completion and [is] at the tail end of code audits." Set Protocol plans to soon publish a white paper to further describe the technical details of these tokens.
Dani is a full-time writer for ETHNews. He received his bachelor’s degree in English writing from the University of Nevada, Reno, where he also studied journalism and queer theory. In his free time, he writes poetry, plays the piano, and fangirls over fictional characters. He lives with his partner, three dogs, and two cats in the middle of nowhere, Nevada.
Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Golem, Ghost or other Ethereum ecosystem news.
Golem
Ghost
Medium
censorship resistance
open source
Aragon
0x
Set Protocol
Strategy Enabled Tokens
Sets
ERC20
Kyber
MakerDAO
Ethereum
ETH
María Paula Fernández
Golem Rides the Ghost
María Paula Fernández, who heads external relations for Golem, today announced that the project […]
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Coinomi Responds To Wallet Vulnerability Claims

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Cryptocurrency wallet provider Coinomi has responded to recent claims that the company’s wallet software sends wallet recovery seed phrases to Google’s remote spell checker servers in unencrypted text. According to Coinomi’s Medium post, the spell check requests "returned an error (code: 400) as they were flagged as ‘Bad Request’ and weren’t processed further by Google."
Exchanging a Few Words
Warith Al Maawali created the avoid-coinomi.com website after finding the alleged vulnerability in the Coinomi desktop wallet. Like other software wallets, Coinomi uses a 12-word seed phrase in the event a user needs to restore a wallet, forgets their pin, or needs to transfer funds to a new device. On his website, Maawali explains that, while restoring his Coinomi wallet on his desktop, his seed phrases were sent in "clear plain text" (unencrypted) to googleapis.com, a domain name owned by Google that acts as a spellcheck function. The feature is supposedly meant to make it easier for users to spot typos while entering in their seed phrases.
Maawali posted a video of the alleged vulnerability to the avoid-coinomi website. He claimed the bug resulted in $60,000 to $70,000 worth of cryptocurrency being stolen from his wallet by "someone from Google’s team" or whoever had access to the Google server. As for how the alleged hacker knew the 12 words were a part of a wallet recovery phrase, Maawali states: "Anyone who is involved in technology and crypto-currency knows that a [sic] 12 random English words separated by spaces will probably be a passphrase to a crypto-currency wallet!"
Maawali alerted Coinomi to the supposed bug via email on February 22. The wallet provider then published the conversation that took place between Maawali and Coinomi. In the conversation, Maawali asked that Coinomi "refund the stolen amount of coins or their value in USD and consider it as a ‘bug bounty reward’ … otherwise I have no choice other than reporting this in social media." Coinomi then asked for a video call to be held for "KYC purposes," to which Maawali replied: "Tomorrow I am going live with this as well as sending a copy to the authorities I will let the authorities and public deal with you [sic]. All I am asking to get my funds back 65k-70k or 17 BTC in value." Finally, Coinomi took to Twitter to declare that the company does not "negotiate with blackmailers."
Coinomi’s Defense
On February 27, Coinomi posted its official statement on Medium, addressing the vulnerability claim. According to Coinomi, the bug was a result of a "bad configuration option in a plug-in used in Desktop wallets only." The plug-in enabled the spellcheck function by default, and the team patched the desktop version of their wallet on February 22, the day Maawali first got in contact.
The statement also questions the validity of Maawali’s theft claims, stating that Maawali repeatedly refused to disclose his findings and that the wallet could not have been hacked for three reasons:
"Coinomi Team never had access to these seed phrases or funds. No one else except for Google could read the contents of the encrypted packets that contained the seed phrases. Google rejected these requests … as they were badly formed (didn’t contain a valid Google API key) and never actually processed them."
The statement notes that, with the patch to desktop wallets, Android and iOS users do not need to take any actions to secure their wallets, while desktop users just need to make sure they have updated to the latest patched version.
Responding to Coinomi’s Response
With Coinomi’s statement claiming outright that this issue could not have resulted in a loss of funds, MyCrypto founder and CEO Taylor Monahan took to Twitter to discuss the kind of language and tone used by Coinomi. In a series of tweets, Monahan criticized Coinomi’s deflection of the claims made against its wallet software and its treatment of bug reporters. Eventually, MyCrypto posted its own statement on Medium, outlining positive and helpful steps to take in the event of a security incident.
Nicholas Ruggieri studied English with an emphasis in creative writing at the University of Nevada, Reno. When he’s not quoting Vines at anyone who’s willing to listen, you’ll find him listening to too many podcasts, reading too many books, and crocheting too many sweaters for his dogs, RT and Peterman.
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Constantinople Will Improve Ethereum But Will ETH Dump?

Click here to view original web page at www.newsbtc.comEthereum prices bearish, strong liquidation at $170Constantinople in progressTransaction volumes increase in last weeks but will accumulation trigger bulls
After previous attempts flopped, we expect the ongoing Constantinople upgrade to be a success. Whether that will rouse price action, we don’t know, but for bulls to be firmly in control, prices must rally above $170 or Dec 2018 highs.
Ethereum Price Analysis
Fundamentals
As you read this, Constantinople software upgrade may be in progress and the second stage of the Metropolis could see Ethereum trudge closer to proof of stake in Serenity.
In a two-way fork—a separate upgrade in St. Petersburg because of vulnerabilities presented in the last update, Ethereum will implement all their EIPs ensuring that the network is efficient, delaying the difficulty bomb by another year and reduce ETH rewards for miners from three to two in “thirdening.”
However, a source of controversy is the implementation of CREATE 2, a proposal forwarded by Vitalik Buterin. There are concerns from the developer’s fraternity that interaction with smart contracts outside of Ethereum will create loopholes that would leave the blockchain open to attacks.
Unlike other contentious hard forks, coin holders need not worry about their stash unless otherwise notified by the foundation:
“If you use an exchange (such as Coinbase, Kraken, or Binance), a web wallet service (such as Metamask, MyCrypto, or MyEtherWallet), a mobile wallet service (such as Coinbase Wallet, Status.im, or Trust Wallet), or a hardware wallet (such as Ledger, Trezor, or KeepKey) you do not need to do anything unless you are informed to take additional steps by your exchange or wallet service.”
Candlestick Arrangements

Like most coins, ETH is in an uptrend, but prices are trending in tight trade ranges. The second most valuable coin is down 8.5 percent from last week’s close and trading inside the bear bar of Feb 24. In an effort versus result point of view, sellers have the upper hand.
Regardless, ETH/USD is within a bull breakout pattern thanks to Feb 18-19 upswings that saw prices rally and conclusively close above $135. Therefore, considering this price action alignment, we shall consider Feb 24 draw down a retest, and for risk-off traders, every low should be a buying opportunity.
Meanwhile, risk-averse and conservative type of traders can only ramp up once prices rally above $170—our main resistance level and Dec 2018 highs.
Technical Indicators
Our anchor bar is Feb 24 because it has high transaction volumes—880k versus 415k according to BitFinex data streams. Bulls are in control but for trend continuation, a bar that will cause a sharp reversal of trend must have high trade volumes exceeding recent averages of 365k or 900k above those of Feb 24.
Tags: constantinople, ETH, ethereum

Constantinople in progress
Transaction volumes increase in last weeks but will accumulation trigger bulls After previous attempts flopped, we […]
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Ethereum Upgrades as Hard Forks Constantinople and St Petersburg Activate on Blockchain

Click here to view original web page at www.coindesk.comThe long-anticipated upgrade Constantinople has officially activated on the ethereum blockchain.
At 19:57 (UTC), the sixth system-wide upgrade to be released since the second largest cryptocurrency by market cap launched in 2015 has successfully been rolled out onto the main network at block number 7,280,000.
But, that’s not all. The unusual part about today’s hard fork is that are two of them. St. Petersburg – ethereum’s seventh system-wide upgrade – has been released simultaneously and as intended has disabled part of the Constantinople code deemed back in January to host security vulnerabilities that could be used by attackers to steal funds.
It’s such a big upgrade, it’s important it goes well so as to not cause ethereum to split. So far, as seen on blockchain monitoring website Fork Monitor, there is no evidence of a significant chain split to suggest a portion of ethereum users are still running on old ethereum software.
As background, before any system-wide upgrade also called a hard fork, users such as miners and operators of ethereum-based applications are required to install new client software that automatically updates at the exact same block number.
This prevents two concurrent and incompatible versions of the same blockchain from splitting the wider network.
“With the blockchain, everyone has to upgrade in order for everyone to be able to use [the new] features,” explained Taylor Monahan – CEO of blockchain wallet tool MyCrypto.
That means everyone has to be prepared ahead of time.
“About two weeks before the fork, everyone upgrades the software but none of the new features are enabled,” said Monahan to CoinDesk. “Then, on that block number, everyone at the exact same time starts using the new features. So, that’s how we prevent differing states from existing simultaneously. It’s [also] called a consensus issue or a consensus bug.”
MyCrypto presently runs 10 to 15 computer servers also called nodes all running on the most updated version of the Parity ethereum client.
With today’s release of Constantinople and St. Petersberg, four different ethereum improvement proposals (EIPs) have been officially activated on the ethereum network – one of which does introduce a new “corner case” affecting smart contract immutability.
As of press time, the market price for ether – the main cryptocurrency of the network – has seen a small jump from $135.14 shortly prior to mainnet release and presently sits at $136.99, according to the CoinDesk Price Index.
Railroad tracks image via Shutterstock
At 19:57 (UTC), the sixth system-wide upgrade to be released since the second largest cryptocurrency by market cap launched […]
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All Details About Trade Ethereum

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The Ethereum venture is a push to democratize the web by making a world PC. It looks to supplant the old model of servers facilitating information with another methodology – ‘hubs’ given by volunteers. The makers of Ethereum are trying to present an elective model for information and applications that aren’t subject to enormous innovation organizations.
Trade Ethereum is utilized to pay for the exchanges that happen on the Ethereum arrange. Its main role is compensated the diggers who are handling the information exchanges on the Ethereum organize.
Source: Hacked
Trade Ethereum, you shouldn’t take a shot at the Ethereum organize. Ethereum has a true incentive in cash, which will go here and there after some time. Exploit both the ascents and the down in the Ethereum cost. Exchange Ethereum with just a little starting venture. Ethereum can be exchanged nonstop, as it doesn’t rely upon a specific market being open. Notwithstanding, that utilizing influence to exchange Ethereum implies you will be progressively presented to changes in the cost. Ensure that you keep stop misfortunes set up to secure yourself against sudden value inversions and you know about what your all out introduction to the Ethereum cost is.
Source: Smartereum
Ethereum is an unstable market and despite the fact that this presents open doors for dealers it can likewise speak to dangers. Both purchasing and exchanging Ethereum includes hazard.
Ethereum has high unpredictability and sharp value variances are exceptionally likely utilized exchanging can amplify both your benefits and misfortunes.
There is in fact a boundless supply of Ethereum. While 60 million Ethereum ‘coins’ were issued as a component of the Ethereum swarm financing effort in 2014, roughly 18 million new coins are mined each year. Likewise with different Cryptos, comprehend that the ‘rules’ influencing the way Ethereum is mined and handled can be changed all of a sudden, and this can highly affect the cost, for better or in negative ways.
Source: Draglet.com
If the present cryptographic money parts into two, new digital forms of money are made, this is known as a hard fork. We will, for the most part, pursue the digital money that has the lion’s share agreement of cryptographic money clients and will thusly utilize this as the reason at our costs. Likewise, we will likewise consider the methodology received by the trades we manage, which will help decide the move we make. As the hard fork results in second digital money, we claim all authority to make an equal position on customer records to mirror this. In any case, this move is made at our total caution, and we have no commitment to do as such. In the event that the second digital currency is tradeable on real trades, which might incorporate the trades we manage, we may speak to that esteem, however, have no commitment to do as such. We may do this by making the item accessible to close dependent on the valuation, or by booking a money modification on customer accounts.
Source: AMBCrypto

Ripple CEO Explains Why He’s Not Bothered By JP Morgan’s Cryptocurrency

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Ripple had an idea that JP Morgan, an international banking titan, had also made use of the Blockchain to conduct transactions from anywhere faster, cheaper and more efficient than conventional banking systems. JP Morgan has changed Ripple’s distributed ledger with the Quorum Blockchain that came from Ethereum and changed the XRP Coin with its own, JPM Coin.
JP Morgan claims that JPM Coin, which theoretically shouldn’t have even been called a Cryptocurrency, combines both traditional finance and Cryptocurrency. It uses Blockchain technology to perform intercontinental transactions faster while avoiding the volatility like that of XRP’s.
The JPM Coin can be sent and received by JP Morgan customers back and forth, which directly exchange them from USD on a ratio of 1 to 1, and makes it more appealing than XRP, which is highly volatile.
In other words, a big company has copied a startup company and has made their business better. These kinds of things don’t really work when startup companies do them. But in defense of the CEO of Ripple, Brad Garlinghouse, they are not afraid fighting the titans of Wall Street.

In a Tweet he sent, Garlinghouse stated that JP Morgan’s Cryptocurrency misses the point. A former executive from Yahoo defined that JPM Coin relies on an “isolated network”, which doesn’t really make it innovative.
It all boils down to this: are XRP users loyal, guessers, or are they both? Loyal users will use XRP to pay for transactions for its underlying technology. The user would only use XRP for purchases because it’s relatively cheaper and quicker. Then on the receiving end, XRP would be traded to traditional money instantly.
Guessers, on the other hand, would buy XRP in the hope that it goes up in value and then would sell it once it’s high enough. The same situation won’t apply for a bank coin just like JPM Coin, the job of which is to perform processes in real time.
JP Morgan has the potential of getting the customers of XRP who use them for remittance, and Ripple would have to get its objective pointing on the right direction. A Coin that isn’t volatile that would be used for transactions between banks could be the solution.

(Jet Encila is a journalist, editor and freelance writer from the Philippines).