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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

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

Dogecoin

Is Dogecoin Prepping For Takeoff? Fib Reaction And Trend Support Say Yes

Dogecoin may be gearing up for its next breakout. After holding firm near $0.17 on the weekly chart, DOGE recently...

Godspower Owie 10 hours ago
Bitcoin Hyper $HYPER presale meme coin

Bitcoin Hyper je dosegel mejnik 2 milijona dolarjev

Ker je od prvih vlagateljev Bitcoin Hyper zbral že več kot 2 milijona dolarjev, hitro postaja resen kandidat za naslednji...

tanjapotocnik 11 hours ago
Elon Musk

Elon Musk Drops Epstein ‘Peanut’ Bomb — PNUT Coin Explodes 10%

A sudden social media jab sent Solana’s Peanut the Squirrel token soaring this week. In a Tuesday post, billionaire Elon...

Christian Encila 11 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 vs Ethereum

Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading

Keshav Verma 2 hours ago
Bitcoin

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

Scott Matherson 4 hours ago
Dogecoin price news

Dogecoin To $3.94 This Cycle? This Chart Says It’s No Meme

Jake Simmons 5 hours ago

Premium Sponsors

Press Releases

  • Ripple XRP Investors Making $10,9700 Per Day with This...

    1 hour ago
  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    12 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    12 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    12 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    12 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.