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

Ethereum Fundamentals Still Solid Despite Price Collapse, Could Surge Soon

Martin Young
Martin Young
5 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.

The world’s second largest crypto asset has taken a beating recently. Not only has Ethereum price collapsed below $200 but it is constantly hounded by the majority of the crypto community which remain blinded by the performance of its big brother.

Ethereum Remains Asleep

In terms of price action, there are not many positive things to say about ETH at the moment. A steep downtrend lasting over two months has resulted in the formation of a ‘death cross’ on the daily chart indicating more pain to come. This week the 50 day moving average will fall below the 200 day which is an ominous sign for Ethereum market trends.

ethereum
ETH prices 1 hour – Tradingview.com

Bitcoin’s return to five figures has lifted ETH marginally but the meager 3 percent did not even result in reclamation of $180. At the time of writing Ethereum is consolidating at around $178 according to Tradingview.com. The asset has plunged 50 percent since its 2019 high of $360 and is still 87 percent down from its all-time high as gains continue to get eroded.

This lack of buying momentum has caused the crypto community to continue to bash Ethereum but the truth is all digital assets aside from BTC are on the floor. Even this year’s two darlings, Litecoin and Binance Coin, are floundering now.

Solid Fundamentals

The Ethereum network and developer team is still solid though and, as pointed out by a couple of industry observers that went against the grain of lambasting the project, it still has the most developers.

“Keep an eye on Ethereum over the next few years! Out of every cryptocurrency that exists, Ethereum has the most developers! This means the possibilities for further growth are endless as their code is constantly being improved!”

https://twitter.com/CryptoWelson/status/1168501085180452864

The sentiment was echoed by Weiss Ratings which compared Ethereum to rival smart contract and dApp platforms which are also bleeding out in terms of token price.

“Ethereum has 1000s of devs around the world working on dApps and other solutions on top of its blockchain.”

#Ethereum has 1000s of devs around the world working on #dApps and other solutions on top of its #blockchain. #Cardano team is much smaller, but it has the advantage of a highly experienced group that insists on extremely disciplined process. #ADA #ETH #crypto #cryptocurrency

— Weiss Crypto (@WeissCrypto) August 31, 2019

This robust team of developers is constantly striving to improve the network in terms of performance and security. It is true that there have been delays in the Ethereum roadmap and progress has been slow but the same can be said for rival platforms such as EOS and Cardano.

The scheduled Istanbul hard fork will bring in a number of improvements and is the first stage of the wider Serenity update which will dramatically change Ethereum protocols and performance. When these upgrades are finally rolled out, Ethereum will be another step towards its purpose as a decentralized global computer. This is likely to be the catalyst that will send prices back to previous levels and make Ether shine once again.

Image from Shutterstock
Tweet123Share219ShareSend
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

gouvernement-americain-publie-donnees-pib-blockchain-bitcoin

Le gouvernement américain publie ses données de PIB sur la blockchain Bitcoin

Août 2025 restera comme une date à part. Pour la première fois, le gouvernement des États-Unis a choisi de graver...

guillaumev 6 hours ago
Dogecoin

Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

New technical analysis suggests that the Dogecoin price is teetering at a pivotal point that could dictate its trajectory for...

Scott Matherson 8 hours ago
Ethereum

Ethereum Over Bitcoin? Matt Hougan Says Institutions Sometimes Start With ETH

Bitwise CIO Matt Hougan has stated that a growing number of professional investors are skipping Bitcoin and turning directly to...

Godspower Owie 9 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

solana-reserve-slowdown-funds-shift-to-emerging-crypto-stocks-tw

Solana儲備機構擴張遇冷:資金轉向新興低價加密股押注成市場新焦點

Peter Chow 1 hour ago

SPX6900價格上漲3% 僅剩2天可抄底TOKEN6900搶佔10倍Launch收益

estherw 2 hours ago
WLFI

WLFI Token Begins Trading: Insights Into The Trump-Backed Crypto

Ronaldo Marquez 4 hours ago

Premium Sponsors

Press Releases

  • LinkLogis Partners with XRP Ledger: DOT Miners Create Up to...

    5 hours ago
  • Arthur Hayes 3 altcoint fedez fel 100-szorosra 2028-ra

    Arthur Hayes 3 altcoint fedez fel 100-szorosra 2028-ra

    6 hours ago
  • Następny Meme Coin 100x w przedsprzedaży? PEPENODE może przyćmić Pepe w 2025 roku

    Następny Meme Coin 100x w przedsprzedaży? PEPENODE może...

    7 hours ago
  • Arthur Hayes odhaluje 3 altcoiny na 100× do roku 2028

    7 hours ago
  • Предварителна продажба на следващия 100× мемкойн? PEPENODE може да засенчи Pepe през 2025 г.

    Предварителна продажба на...

    7 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.