Mid-December Ethereum Price Analysis

Ethereum continues to enjoy its position as the second most popular cryptocurrency in the market. However, this doesn’t mean a whole lot today for investors as most cryptos are struggling with their valuation against the US dollar. ETH is no exception as its journey closely resembles that of the class-leading Bitcoin, albeit at a smaller scale. While the community that supports it is hoping for a recovery, this seems to be far off given the emerging trends. The numbers don’t look good in the near-term for Ethereum price analysis but there is always hope for a bounce back once the bears lose momentum.

Current Price

Major coins are testing their support levels right now. Everyone is wondering how low they could go. For Bitcoin, that level is $7,000. For ETH, that is $140. The next few days will reveal whether or not they will be able to hold at these levels or slide further down. If the latter happens, then a free fall might ensue. So far that has not happened yet as the line held strong when the $140 level was tested. A correction occurred above $142 but momentum then frizzled. The $144 mark remains hard to break. A decline occurred right after.

Price Watch

Investors should watch out to see if ETH can finally break above the $144 resistance level as this will signify the start of a good run for recovery. It is possible to hit the $146 mark if this happens, and going up to $152 might even be in the cards. However, people will have to be patient as the bears remain firmly in control for now. The downward pressure is making people anxious about a fall to the $135 or the $132 mark. That would be a long and chilly winter indeed for the ETH community that is already dealing with the delay of Ice Age and other hurdles.

Technical Indicators

The main technical indicators paint a clear picture of the current situation. The major support level remains at $140 while the major resistance level is at $144. Everyone is waiting to see if these can be breached with force before the end of the year. As for the hourly MACD is gradually going back to the bearish territory. As for the RSI, it has been decreasing with a move to the 40 mark. This means that the coin is being oversold.

If nothing else, this Ethereum price analysis result would be good for those who are waiting for the best opportunity to enter the market. Prices are becoming a bargain.

ADA Staking Pool Takes Bit Currency To The Next Level

For non-cryptocurrency aficionados, the mention of ADA staking pool can conjure an image of a type of swimming pool or even, playing billiards. But to people in the know, the ADA staking pool is highly likely to become the face of digital currency in the very near future. The handwriting is already on the wall.

It’s not that all the information about the subject is all over the place. On the contrary, publicity seems very discreet if not completely absent regarding a protocol that uses a high-tech programming language to make cryptocurrency more vibrant than ever. The protocol isn’t only the most secure anyone has ever seen.

It’s so intelligent that it knows how to play by the rules while keeping intruders or online thieves in particular completely in the dark in regards to the owner of the digital money. Any hacker will be completely clueless in Seattle or elsewhere regarding the owner’s whereabouts or any information pertaining to him or her. The cryptocurrency technology already shrouds wealth owners in a thick dark veil.

The ADA protocol does even more by adding many more layers of privacy protection than previously achievable. For other smarts, the latest blockchain pool uses smart contracts to verify the validity of all buy-and-sell transactions. Thus, the latest digital currency incarnation already handles the blockchain routine with AI or artificial intelligence precision.

At the same time, however, it leaves control more decentralized than ever. In bit currency lingo, the concept of the central bank is a foregone conclusion. The system relies on layers upon layers of data encryption to ensure that no digital currency player is compromised.

Unfortunately, however, present systems tend to skirt the issue of regulation. And here’s how the spanking new ADA or Cardano system beats the rest with the pioneering smart verification process. As most bit currency experts are aware, setting limits is the hallmark of any successful public offering.

To this effect, only 45 billion digital coins or ADAs will be released into the world. Also, only 25 billion will be made available during the presale. So for those who are intent on keeping their wealth away from prying eyes and are willing to trust digitized encryption to hide their real net worth, making the presale will be an excellent strategy.

This way, you can avoid the big crowd when the rest of the new currency is unleashed during the public offering. And for those who are still contemplating the pros and cons of the blockchain security to safeguard their assets, buying a limited number of ADAs will be the way to go. You can’t go wrong with testing the waters with a new digital currency that knows how to follow the rules while at the same time warding off any privacy breaches.