Ethereum (ETH.X)
Our coverage:

Ethereum (ETH.X) price: the bull and the bear case

Milan Kovacevic | 6:14 pm ET, 27 Aug 2019

Ethereum has been on an downswing lately: speculators and investors are watching it closely, wondering whether now may be a good time to invest in it. Or maybe not.

When it comes to investing in Ethereum, here are some questions we get frequently:

  • Is Ethereum currently a buy or a sell?
  • Should I sell or hold Ethereum today, if I purchased it 3 months ago?
  • Is Ethereum a good buy/investment opportunity?

Before making a trade, we'd like you to consider the following reasons to buy (or sell) the cryptocurrency.  First, let us share the bull case for Ethereum:

1. In comparison to Bitcoin, Ethereum offers more promises to blockchain developers as a preferred crypto platform.  The platform appeal could drive a number of real-world applications in the future.  

2. Ethereum is still the industry-leading smart contract platform.

3. Ethereum is faster than Bitcoin.  It processes transactions in 12 seconds as opposed to 20 minutes needed for Bitcoin. Ethereum is arguably the best network for supporting any business, touting excellent accuracy and precision in problem-solving.  

4.  A large number of established companies have backed Ethereum--many are trying to incorporate it into their businesses.  Fortune 500 companies such as Intel, Microsoft, JPMorgan, BP, and Thomson Reuters all support Ethereum.  The Enterprise Ethereum Alliance (EEA) is good evidence of the long-term prospect for the cryptocurrency. The speed and efficiency of the Ethereum network attract many companies that see it as a platform for executing smart contacts.

5.  The Ethereum network is highly reliable and has a good scope for future growth.  

However, not all crypto investors are fans of Ethereum.  In fact, some are strongly opposed to investing in it. Here are the reasons to be short on Ethereum (a.k.a., the bear case):

1. The Ethereum platform has a long way to go to become a real-world solution. Until the scaling problem is solved, we can't expect businesses to make a leap to the blockchain.  Also, the transition from the existing network to blockchain will be costly and time-consuming for many institutions, which will drive a negative sentiment among short- and intermediate-term investors.

2. With little improvement in cryptocurrency regulation, it is risky to invest in Ethereum as an asset. We have seen the Securities and Exchange Commission (SEC) cautioning investors regarding dangers associated with virtual currency investing.  If the recording and processing of transactions occur outside the US borders, thus limiting the power of the SEC, it becomes almost impossible to get your money back in case of someone else's wrong-doing.

3. Since there is no fundamental or logical way of valuing cryptocurrencies, it might be better to stay away from them. The main misconception about Ethereum investing is that its mass adoption means success, even if no profit is generated from Ethereum's commercial operations.

4. The need for scalability is becoming ever more crucial for Ethereum as the number of transactions continues to rise on the platform. Over the last few months, Ethereum fundamentals have been on the decline, primarily impacted by a sharp downward trend in Project Utilization. Users are engaging with DApps at diminishing rates.

5. Existing projects building on top of Ethereum are either launching their own mainnet blockchains or moving to other platform competitors. There is a concern that new projects are being built elsewhere, outside the Ethereum platform.

Ethereum (ETH.X) is trading at $186.59, down -2.1% from yesterday. Over the last 30 days, ETH.X lost -10.04%, which is 17.16 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


Ethereum Classic (ETC.X) price: the bull and the bear case (February 2019)

Rajlaxmi Sahu | 7:17 am ET, 17 Feb 2019

Ethereum Classic (ETC.X) is $3.97, down -1.03% in the last 24 hours.  Ethereum Classic represents a hard fork derived from Ethereum that took place back in 2015 during the infamous DAO faulty on Ethereum chain which caused the split, minting a brand new coin - Ethereum Classic. 

When it comes to investing in Ethereum Classic, these are some of the most frequently asked questions: 

  • Is Ethereum Classic currently a buy or a sell?
  • Should I sell or hold Ethereum Classic today?
  • Is Ethereum Classic a good buy/investment opportunity?

Here are the reasons to buy Ethereum Classic (the bull case):

1. It adheres to the philosophy of DLT immutability. This is an advantage as the ETC ledger cannot be altered according to the whim of the community.

2. It is backed by major players such as Barry Silbert of the Grayscale Investment Trust.

3. It is supported by the Coinbase crypto wallet. This integration led to the support of ERC20 tokens on the ETC blockchain.  The Coinbase listing helps with ETC adoption.

4. Its price is low at the present relative to previous price points; long-term investors can benefit from buying low in the long run.  

Here are the reasons to sell Ethereum Classic (the bear case):

1. Although Ethereum Classic is shifting towards Dapp creation and the Internet of Things as of the Coinbase listing announcement when the team revealed their plans for IoT and decentralized apps development, ETC didn't show any significant progress regarding their newly announced focus.

2. Ethereum Classic is a hard fork product of the Ethereum chain, which means that Ethereum Classic won't be benefiting from new updates that Ethereum is preparing for achieving maximal scalability and switching from Proof of Work to Proof of Stake.  ETC devs are working on scalability solutions, but Ethereum Classic appears to have slim chances for taking over the market dominated by Ethereum. 

Over the last 30 days, ETC.X lost -5.3% of its value, also recording -86.6% year-on-year.  Its 30-day return is 13.73 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


Investing in Ethereum (ETH.X): the bull and the bear case (January 2019)

Rajlaxmi Sahu | 7:18 am ET, 17 Feb 2019

Ethereum (ETH.X) is trading at $150.00, up 1.9% from yesterday.  As Ethereum has been on an upswing lately, speculators and investors are watching it closely, wondering whether now may be a good time to invest in it.

When it comes to investing in Ethereum, here are some questions we get frequently:

  • Is Ethereum currently a buy or a sell?
  • Should I sell or hold Ethereum today, if I purchased it 3 months ago?
  • Is Ethereum a good buy/investment opportunity?

Before making a trade, we'd like you to consider the following reasons to buy (or sell) the cryptocurrency.  First, let us share the bull case for Ethereum:

1. In comparison to Bitcoin, Ethereum offers more promises to blockchain developers as a preferred crypto platform.  The platform appeal could drive a number of real-world applications in the future.  

2. Ethereum is faster than Bitcoin.  It processes transactions in 12 seconds as opposed to 20 minutes needed for Bitcoin. Ethereum is arguably the best network for supporting any business, touting excellent accuracy and precision in problem-solving.  

3.  A large number of established companies have backed Ethereum--many are trying to incorporate it into their businesses.  Fortune 500 companies such as Intel, Microsoft, JPMorgan, BP, and Thomson Reuters all support Ethereum.  The Enterprise Ethereum Alliance (EEA) is good evidence of the long-term prospect for the cryptocurrency. The speed and efficiency of the Ethereum network attract many companies that see it as a platform for executing smart contacts.

4.  The Ethereum network is highly reliable and has a good scope for future growth.  

However, not all crypto investors are fans of Ethereum.  In fact, some are strongly opposed to investing in it. Here are the reasons they cite for being short on Ethereum (a.k.a., the bear case):

1. The Ethereum platform has a long way to go to become a real-world solution. Until the scaling problem is solved, we can't expect businesses to make a leap to the blockchain.  Also, the transition from the existing network to blockchain will be costly and time-consuming for many institutions, which will drive a negative sentiment among short- and intermediate-term investors.

2. With little improvement in cryptocurrency regulation, it is risky to invest in Ethereum as an asset. We have seen the Securities and Exchange Commission (SEC) cautioning investors regarding dangers associated with virtual currency investing.  If the recording and processing of transactions occur outside the US borders, thus limiting the power of the SEC, it becomes almost impossible to get your money in case of someone else's wrong-doing.

3. Since there is no fundamental or logical way of valuing cryptocurrencies, it is better to stay away from them. The main misconception about Ethereum investing is that its mass adoption means success, even if no profit is generated from Etereum's commercial operations.

Over the last 30 days, ETH.X gained 35.06%, which is 38.24 percentage points higher than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


Ethereum and Bitcoin panic selling: what's next?

Rajlaxmi Sahu | 6:54 am ET, 20 Nov 2018

Ethereum (ETH.X) is trading at $134, down -14% from yesterday.   Bitcoin (BTC.X) is trading at $4,481, down -15% from yesterday. On the hourly charts for the ETH/USD and BTC/USD pairs, there is a visible a bearish trend line.  What is the price prediction for those two cryptocurrencies?

Bearish trends for Ethereum and Bitcoin indicate an extended selling pressure in the cryptocurrency market.  Given the active futures market for Bitcoin, analysts have attributed the sell-off to stop orders by professional investors and panic selling among retail investors.

Both Bitcoin and Ethereum are now trading at levels below those from Thanksgiving a year ago.  This concludes the 'gold rush' by retail investors that started roughly around the same time.   

There are some chances that renowned ICO projects might liquidate their ETH holdings.  Many of the decentralized applications leveraging Ethereum are essentially profitless. In order to sustain development costs against the falling market demand, some ICOs will choose to sell their Ether. So, the imbalance between demand and supply for Ethereum and Blockchain is instigating an overall bearish trend in the market.

On the macro front, investors are expressing doubts about the timeline for real-world applications of Ethereum and Blockchain.  Scalability still remains a major challenge for the Ethereum network and is a hindrance to its large-scale adoption. There are other projects that are circumventing Ethereum's shortcomings, but they also face feasibility and commercialization challenges.

What is Ethereum's near-term price forecast?  We think that in the upcoming period, Ethereum's and Bitcoin's price will be a subject to speculative investors' whims.  Here are the major technical indicators:

  • MACDs for both Ethereum and Bitcoin are the bearish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) for these two cryptocurrencies is in the 10-15 range, indicating they are both oversold.  RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security.

Over the last 30 days, BTC.X lost -30.94%. 

Over the last 30 days, ETH.X lost -35.05%, which is 4.35 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


Ethereum: price analysis, prediction and news bites

Rajlaxmi Sahu | 4:39 am ET, 08 Nov 2018

Ethereum (ETH.X) is trading at $214.38, down 3% from yesterday.  The ETH/USD pair is in the bullish zone.  What's causing renewed interest in Ethereum, and what news should investors be aware of?

Eric Schmidt, Google's former CEO, recently spoke publicly about blockchain and Ethereum.  When asked whether blockchain is overrated or underrated, Schmidt gave a complex answer. “In the public format, overrated. In its technical use, underrated.  Today, blockchain is a great platform for bitcoin and other currencies. And it’s a great platform for private banking transactions where people don’t trust each other.”

There are a number of reasons that can be attributed to Ethereum's recent price lift.  Initial Coin Offerings (ICOs) and other cryptocurrencies are continuing to use Ethereum as the core platform. Ethereum has the best smart contracts capability used by different businesses for the creation of their own products. As commercialization momentum is picking up again, the price is trending upward accordingly. 

Contrary to popular rumors, Vitalik Buterin, the founder of Ethereum, won't be stepping back from Ethereum development.  In fact, he continues to remain focused on encouraging the work of other developers in the open-source developer community. 

What is the near-term price forecast for Ethereum?  Here are the major technical indicators:

  • MACD is currently in the bullish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is 55, indicating a neutral position. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $210;
  • A new major resistance level is forming at $230.

Over the last 30 days, ETH.X lost -1.7%, which is 1.24 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


Bitcoin price analysis and news bites for November 2

Carla Olson | 4:29 pm ET, 01 Nov 2018

Bitcoin (BTC.X) is trading at $6,375.77, up 0.8% from yesterday.  The price has been fairly stable/volatile lately.  What is Bitcoin's price forecast?  What recent developments should Bitcoin investors be aware of?

The news of the day is that Wasabi Wallet has finally been released.  Wasabi is a privacy-focused, Bitcoin wallet for Windows, Linux, and OSX.  The main feature of Wasabi is that it protects investors' information leak against network adversaries.  It also comes with an intra-wallet blockchain analysis tool that can help consumers make well-informed spending decisions.

Our hope is that a great percentage of bitcoiners will use Wasabi Wallet and take privacy precautions proactively.  Wasabi offers a major improvement in the areas of fungibility and privacy.  Combining Wasabi with Breeze and Lightning should address 90% of consumers' needs when it comes to privacy and fungibility. 

Now let's look at the technical sentiment for Bitcoin.  How is the price expected to move in the near term?  

Here are the major technical indicators:

  • MACD is back in the bearish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is currently 43, implying that the coin is moving to the oversold territory.  RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $6,255;
  • A new major resistance level is forming at $6,435. 

Over the last 30 days, BTC.X lost -3.01%.  See the chart below for details.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


Ethereum Classic: price analysis, forecast and news for November 3

Rajlaxmi Sahu | 1:26 pm ET, 03 Nov 2018

Ethereum Classic (ETC.X) is trading at $9.11, roughly flat compared to yesterday.  Ethereum Classic losses extended this week and it's now approaching the support level of $8.75.  This week, technical analysists have noticed a major bearish trend line.  

But it's not all doom and gloom for ETC investors.  In fact, there are positive developments that investors should be aware of.

What caught our attention this week is a bridge of peace between Ethereum (ETH) and Ethereum Classic (ETC), an effort spearheaded by Akomba Labs.  According to the Ethereum Special Projects Medium blog, the Ethereum foundation will donate 15,000 ETCs to the Ethereum Classic Cooperative.  This action could lead to new cooperation between the two decentralized organizations, which up until now haven't been the best friends.  The bridge will also enable ETC transactions to be conducted on the ETH chain, and vice versa. 

From the perspective of a potential buy-and-hold investor, Ethereum Classic has made significant progress in 2018.  The listing of Ethereum Classic (ETC) on Coinbase will add great liquidity to the cryptocurrency.  Donald McIntyre, former Vice President of Morgan Stanley, believes that ETC “has an incredibly unique market positioning in an extremely valuable niche” in the crypto sector. 

What is Ethereum Classic near-term price forecast? Here are the major technical indicators:

  • MACD is currently in the bearish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is currently at 35, approaching the oversold territory. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $8.75;
  • A new major resistance level is forming at $9.25.

Over the last 30 days, ETC.X lost  -17.27%, which is 14.90 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


Ethereum Classic price analysis and forecast: it's not all doom and gloom

Rajlaxmi Sahu | 4:12 pm ET, 13 Nov 2018

Ethereum Classic (ETC.X) is trading at $9.09, down 2% from yesterday.  Ethereum Classic losses have extended, as it trades closer to $9.00 level against the US Dollar; however, a bullish trendline is noticeable on the technical hourly chart.  

What is Ethereum Classic's price forecast?  What news should ETC investors be aware of?

Traders and investors currently undervalue ETC because it has lost some of its appeal relative to other cryptocurrencies.  However, Ethereum Class is a solid platform, attracting good projects, beyond some questionable ones looking to create hype or generate buzz. 

Ethereum Classic has learned a big lesson about scaling from Ethereum (ETH.X), which introduced the Plasma protocol as a way of solving its scaling challenge.  Plasma is being criticized as vaporware in the crypto community.  In contrast to the mothership, Ethereum Classic won't need Plasma to solve scaling.  

Ethereum Classic has benefited from news claiming that the altcoin is officially being considered for a listing on Coinbase.  Even though Ethereum Classic team still has a lot of work to do before establishing itself as a currency with promising use cases, there are some interesting applications around compatibility with the Internet of Things, which are garnering investors' attention.  

What is the near-term price forecast for ETC?  Here are the major technical indicators:

  • MACD is going to move back into the bullish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) has moved below 50, but still not oversold. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $8.75;
  • A new major resistance level is forming at $9.25.

Over the last 30 days, ETC.X lost -19.44%, which is 16.72 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


Ethereum (ETH.X): quiet before a breakout?

Rajlaxmi Sahu | 6:13 pm ET, 09 Oct 2018

Ethereum (ETH.X) is trading at $227, down by 1.42% from yesterday.  After breaking away from the $245 support level against the US Dollar, Ethereum went through a downside correction. 

Now that the price has stabilized, investors are wondering about Ethereum's price forecast.  Are there good chances of another price surge?

Ethereum leads in smart contracting and development of dApps. It is a secure, time-tested network, and a suitable platform for the developers and start-ups who intend to raise funding via initial coin offerings.

Ethereum price has gone through a steep downward correction.  Nevertheless, the team continues to work very hard to solve some of the remaining challenges around scalability.  Scaling the network will help with processing billions of transactions per second, which is a feature touted by some of its rivals (e.g., Tron).  

There are other positive commercial developments going on for Ethereum.  Group XP, Brazil's largest brokerage firm, has plans to join the crypto space--and it will list Ethereum in the upcoming period.  This could present a significant boost for the cryptocurrency.

What is the sentiment towards Ethereum?   Here are the major technical indicators:

  • MACD is currently back in the bullish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is hovering around 50, which implies a neutral position. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $221;
  • A new major resistance level is forming at $235.

Over the last 30 days, ETH.X lost -25.11%, which is 20.30 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for AskFinny Bites, please send us an email at hi@askfinny.com.


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