The second-largest cryptocurrency to date, Ethereum, has been making gains over the past month, with the price per ETH token climbing from $387 on 1st November to $467.47 as of press time, according to data from Cryptobrowser.io.Source: CryptoBrowser.ioHowever, crypto analysts are raising a flag of concern. IncomingSharks, a prominent cryptocurrency analyst shared their insight on Ethereum\u2019s future price movements, emphasizing that ETH \u201cis still buoyant enough to hold support at its current price.\u201d\u201cEth still holding bullish on the 4th SuperTrend. If support can hold here, I will long. If it breaks, I\u2019ll start selling some of my spots,\u201d the crypto analyst noted.Looking at the technical picture, Ethereum seems to be well supported on the $420 mark, receiving almost equal amounts of buying and selling pressure. However, if the trend pattern continues, bears could take over and make Ethereum\u2019s price go into a decline. The technical picture confirms IncomingShars\u2019 opinion that if Ethereum \u2018s price stays around the $440 support mark, the risk is largely mitigated, but a drop below the $420 support zone could trigger a sharp decline.Meanwhile, Ethereum\u2019s community is preparing for the long-awaited 2.0 chain update, which would introduce an entirely new consensus algorithm \u2014 Proof-of-Stake (PoS), instead of the Proof-of-Work mechanism that is currently behind ETH. Twitter service Eth 2.0 Deposit Contract \u2014 Progress Meter showed that 98,203 ETH (around $46,3 million) are already staked for the launch of the new chain. However, in order to successfully launch the beacon chain, at least 500,000 ETH tokens need to be staked.Furthermore, 5,120 ETH were staked in the past 24 hours. This means that the short-term price may be balanced, but community-driven engagement would reflect positively on the price per ETH in the long term. Ethereum\u2019s network update would also resolve some of Ethereum\u2019s biggest drawbacks like prolonged transaction\u2026<\/p>","protected":false},"excerpt":{"rendered":"
The second-largest cryptocurrency to date, Ethereum, has been making gains over the past month, with the price per ETH token climbing from $387 on 1st November [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2720"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=2720"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=2720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=2720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=2720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}