您现在的位置是:EthereumPoW price prediction: Is ETHW a good buy? >>正文
EthereumPoW price prediction: Is ETHW a good buy?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛259人已围观
简介EthereumPoW price has been under intense pressure in the past few days as investors react to the rec...
EthereumPoW price has been under intense pressure in the past few days as investors react to the recent merge. The ETHW price rose slightly to a high of $5.32, which was the highest level since Saturday. This price is a few points above its all-time low of $3.92.
What is ETHW and why is it crashing?
Ethereum had its biggest event last week as the Merge event happened. Merge was an important event that transitioned Ethereum from a proof-of-work (PoW) platform to a proof-of-stake (PoS) network. As a result, Ethereum is now a significantly clean blockchain platform.
After the merge, the next important stage will involve making Ethereum significantly faster by introducing sharding. Sharding is a technology that divides blocks into smaller pieces known as shards and makes them relatively faster. It is a technology that is used by other popular companies like Elrond and Polkadot.
Not everyone welcomed Ethereum’s transition into a proof-of-stake network. As a result, EthereumPoW was launched to counter the new transition. It is a proof-of-work blockchain project that is an exact clone of the original Ethereum.
Some analysts believe that ETHPoW will go mainstream for several reasons. First, in the past decade, the proof-of-work Ethereum has become a mainstream and safe blockchain project. It has been significantly safer than existing PoS platforms like Solana and Avalanche.
Second, ETHPoW could become a key part in the mining community, which will lead to possibly high demand. Ethereum miners were left without nothing to do after the Merge.
Still, EthereumPoW has dropped sharply in the past few days as investors become concerned about the upcoming Fed interest rate decision. Analysts expect that the Fed will hike interest rates by 0.75% in the coming meeting scheduled for Wednesday this week.
ETHW price prediction
The hourly chart shows that the ETHPoW price has been in a downward trend in the past few days. It crashed to a low of $3.93, which was an all-time low. Recently, however, the coin has rebounded in the past few days.
It has formed a bearish flag pattern that is usually a bearish sign. It has moved slightly below the 25-period and 50-period moving averages. Therefore, the coin will likely resume the bearish trend as sellers target the next key support at $3. A move above the resistance at $6 will invalidate the bearish view.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/213225.html
相关文章
Coinbase terminates Japan operations, why is share price still up 50% in two weeks?
EthereumPoW price prediction: Is ETHW a good buy?Key TakeawaysCoinbase is halting all operations in Japan, citing “market conditions”Last...
阅读更多
University of Kentucky men's basketball team to benefit from FTX sponsorship deal
EthereumPoW price prediction: Is ETHW a good buy?The FTX sponsorship deal will see the university players become brand ambassadors for the crypto exc...
阅读更多
Where to buy Stacks as STX reports 29% gains
EthereumPoW price prediction: Is ETHW a good buy?The Stacks token is currently trading at $2.68 with 29% gains in a day. The STX coin could possibly...
阅读更多
热门文章
- Bitcoin's Weekly RSI Suggests Another Upside
- Market highlights: Bitcoin nears its ATH as Ethereum and Avalanche sets new ATHs
- Whales move over $120 million in Bitcoin from exchanges as DeFi sees $1.2B in tokenized BTC
- Taiwan seeks to establish a framework for crypto regulation
- Uniswap’s First Governance Vote Has Been Narrowly Defeated
- These 3 play
最新文章
Miami City to give residents free Bitcoin from gains on the city's coin
Best 3 Ethereum
Paxos ends Binance partnership on BUSD issuance
MANA rallied by more than 10% in the past 24 hours
Premier League partners digital trading cards firm Sorare
Here are ways you can gain access to the best crypto bonus offers