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ETH (Magic USD 38 bn floor)

ETH (Magic USD 38 billion floor)

There is some kind of turnaround taking place in the last few days (weeks) in the cryptocurrencies-universe. I am holding again ETH and now also Bitcoin Cash. But still, Bitcoin is NOT part of my Crypto-Holdings - yet -

Ethereum Chart (May 2017 - 20th April 2018)

In the chart above one can clearly see the supporting level (area) around USD 38 bn, where ETH is bouncing off from its lows to form some kind of short/intermediate uptrend (This area also relates to an ETH-price of approx. USD 380).

Just some short remarks on the cryptocoin Ether:

Ethereum is a decentralized platform for applications. It is powered by Ether - a cryptocurrency, which is in turn powered by the Blockchain technology. Applications are built with the use of smart contracts - computer algorithms which execute themselves, based on incoming data from the network. The self-fulfilling nature of such applications allows them to run without reliability issues associated with human operators.

Disclaimer: Ralph Gollner hereby discloses that he is directly investing in Ethereum (ETH) and Bitcoin Cash (BCH). Both are subject of the commentary, Snapshot above (as per 20th April 2018).