Ethereum (ETH) could rise very soon
Ethereum (ETH) currently trades at $156.79 and has fallen by 8.12% today. ETH went down $13.96 from the previous closing price of $9.59. The high forecast for Ethereum is $320 and the low is $190. The company’s market cap is $17.31 billion with a 52 week high of $361.40 and a 52 week low of $95.18. ETH has changed in price by -7.33 per share in the last 12 months. There are key hurdles forming near the $172 and $175 levels. A clear break above the triangle resistance and then a follow up move above the $175 barrier is needed for a sustained upward move.
Ethereum (ETH) is a smart contract platform that enables developers to build decentralized applications (dapps) conceptualized by Vitalik Buterin in 2013. ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network.
Ethereum is the pioneer for blockchain based smart contracts. When running on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met. On the blockchain, smart contracts allow for code to be run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. It can facilitate the exchange of money, content, property, shares, or anything of value. The Ethereum network went live on July 30th, 2015 with 72 million Ethereum premined.