NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Elon and Amazon Give Ethereum The Nod, Why is ETH Still Bearish?

Martin Young
Martin Young
6 years ago
2 mins read
ethereum

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

All attention has been focused on Bitcoin recently as it has led crypto markets off the bottom and back into bullish territory. Ethereum has been lack luster to say the least with very little movement in prices and certainly nothing to match other crypto assets. That could all change with an endorsement from Amazon which has recently launched a new blockchain tool through AWS.

Amazon: Ethereum Well Suited

The twitter crypto-sphere has been awash with comments lately following a couple of leading posts about Ethereum from multi-billionaire entrepreneur Elon Musk. This simple one word tweet was re-tweeted over 9,000 times and had almost 5,000 responses;

Ethereum

— Elon Musk (@elonmusk) April 30, 2019

Elon may have been onto something as web commerce giant Amazon has also recently given Ethereum the thumbs up by endorsing it in a press release about a new blockchain service. The new tool available through Amazon Web Service will enable users to “create and manage scalable blockchain networks” via open blockchain networks such as Ethereum.

The Amazon Managed Blockchain (AMB) service was initially announced last year and made available for preview. The preview is now complete and the service is available for production use however it has been limited to a small region in the eastern part of the United States at the moment. According to Yahoo News, Amazon stated;

“Ethereum is well suited for highly distributed blockchain networks where transparency of data for all members is important,” before adding “customer loyalty blockchain network that allows any retailer in the network to independently verify a user’s activity across all members to redeem benefits”.

Initially the AMB service will be launched on Hyperledger Fabric from the Linux Foundation with ‘Ethereum in the works’. It lauds simplicity stating; “you can create your network in minutes. Once created, you can easily manage and maintain your blockchain network. You can manage certificates, invite new members, and scale out peer node capacity in order to process transactions more quickly.”

ETH Still Bearish

Ethereum is still stuck in a bearish channel and has not managed to make any progress over the past month. Since the initial crypto market surge at the beginning of April Ethereum has remained around $160, falling back after reaching a high of $185. The 13 percent slide over the month has confirmed this as a number of analysts have noted;

1/2 Seeing a major divergence between $BTC and $ETH over the past month. Bitcoin has formed a bull channel while #ETHUSD is trapped in a bear channel. #Bitcoin is 30% above winters resistance while ETH is threatening to fall below it's corrosponding level. pic.twitter.com/S6xsi3D5GS

— Tyler Coates (@Sawcruhteez) May 2, 2019

Ethereum volume has halved since the beginning of April and is now around $5.5 billion. The three month chart is a little more positive though as Ethereum has climbed way above its low of around $100 back then. The dev team is unperturbed however and continues to soldier on as a new community portal gets launched and the buildup to Ethereum 2.0 Serenity gathers momentum.

Welcome to the beginning of a new https://t.co/6FlOganaog. Built by the community, for the community. https://t.co/ewAhHbrHaz

— Ethereum Foundation (@ethereum) April 30, 2019

Ethereum will not be on the floor for long it seems as greater adoption from the likes of Amazon and a raft of solid technological improvements will propel the platform towards its intended purpose.

Image from Shutterstock
Tweet123Share196ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

트럼프의 '아메리칸 비트코인' 나스닥 상장, BTC 2.7억 확보…다음 주목받는 코인은

트럼프의 ‘아메리칸 비트코인’ 나스닥 상장, BTC 2.7억 확보…다음 유망 코인은?

암호화폐 생태계에 기업 자금이 폭발적으로 유입되고 있다. 트럼프의 지지를 받는 채굴업체 아메리칸 비트코인 코퍼레이션(American Bitcoin Corporation, ABTC)...

Soyeon Lee 2 hours ago
BTC Hyper

BTC Hyper presegel 13M: Najboljša kriptovaluta za nakup?

Bitcoin ima tržno kapitalizacijo več kot 2,2 bilijona dolarjev in ostaja merilo za digitalno vrednost. Vendar pa njegova zasnova daje...

tanjapotocnik 2 hours ago
meme kovanci

Najboljši meme kovanci, ki jih lahko kupite zdaj za manj kot 1 EUR

Trg kriptovalut se danes še naprej giblje v stranskem trendu, vendar nekateri najboljši meme kovanci kažejo potencial za velike dobičke...

tanjapotocnik 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Ethereum crypto news

Bitcoin To $175k, Ethereum To $17k Before Dot-Com Style Crash, Economist Warns

Jake Simmons 10 minutes ago
xrp koers, ripple koers, xrp nieuws, ripple koers, xrp verwachting

XRP bulls voorspellen $2,94 doorbraak in september – is dit echter realistisch?

Lars Diederiksen 50 minutes ago
WLFI

WLFI Token Controversy: Justin Sun Denies Selling Rumors Following Address Blacklist

Rubmar Garcia 2 hours ago

Premium Sponsors

Press Releases

  • Dogecoin sẽ chạm mốc 4 đô la

    Dogecoin sẽ chạm mốc 4 đô la? Maxi Doge có thể...

    2 hours ago
  • イーサリアム...

    2 hours ago
  • ビットコイン...

    2 hours ago
  • シバコイン...

    2 hours ago
  • A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel ez a presale forradalmasítja a meme-piacot 1000x potenciállal

    A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.