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Ethereum Price Analysis: All technical indicators suggest strong SELL – Coinnounce

Ethereum Price Analysis: All technical indicators suggest strong SELL

Ethereum is losing control over ETH price

With projects like EOS & TRON offering better speed and better performance, Ethereum may no longer be a preferred choice for developers and investors. In recent days, there is liquidity in the ETH markets but the price has failed to rise considerably.

All Technical indicators including SMA (200), EMA (200) are giving Sell signals for ETH.

Ethereum Price Downfall

From as high as $1347 in January 2018 to $187 in September 2018, Ethereum price could reach $53 soon.

The Ethereum network has been falling, as many heated discussions are being carried on in the name of development. The separation of Ethereum Classic from Ethereum was one of the major incidents which broke the backbone of the network.

Why is EOS so popular these days?

The EOS blockchain platform is the only one of its kind, in the cryptocurrency domain, which is giving a head to head competition with the Ethereum Blockchain. The fifth largest cryptocurrency is, in many ways better than its predecessor Ethereum. Achieving decentralization is nothing but giving power to every individual around the world, to develop his or her custom decentralized application, for which the EOS blockchain platform suits correctly. The EOS blockchain platform seamlessly scales for the vast customer base, whereas, congestions were observed, in case of the Ethereum network. Therefore, the EOS blockchain platform has been in the LimeLight for the investors all over the world.

The EOS blockchain platform is the only one of its kind, in the cryptocurrency domain, which is giving a head to head competition to the Ethereum Blockchain

DApps exploring other options

Blockonix Decentralized Exchange revealed by an official tweet earlier today that it has started researching on other blockchains. Blockonix had a successful launch of its decentralized exchange on the ethereum network earlier this year.

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Janet F. Sanchez

Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

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