Ethereum Wallet May Be Installed In Samsung Galaxy S10 As ETH Trades Bearish Against The USD

Blacture Motif Blockchain Smartphones reach US America market fall 2018

A while ago, some images of the upcoming Samsung Galaxy S10 surfaced online. After the images were leaked, Benjamin Geskin, the well-known serial mobile leaker, said that the Samsung Galaxy S10 series will feature an Ethereum wallet option in the list of supported cryptocurrencies.

Galaxy S10 And Ethereum

While the images only showed real software that will be in the phone, this doesn’t mean ETH is the only cryptocurrency it will support. As development continues, other cryptocurrencies may be added before the official launch of the device.
Samsung is carrying out a rigorous campaign ahead of the launch. The advertising campaign features banners with simple text inscribed on a white background in Paris. This is all a build up ahead of the launch event that is scheduled for February 20th.

From the leaked images, the rumors that Samsung is making plans to offer a cold cryptocurrency wallet on the S10 series has been confirmed. Keep in mind that the company denied that it had any plans to offer a cold wallet last year. This was despite the fact that they applied for a trademark for a cryptocurrency wallet in the United Kingdom. After applying for the trademark, one of the company’s senior executives during an interview with JAX, said that blockchain isn’t as important as decentralization.

If the rumors are true and the new phone comes with an Ethereum wallet, this will be a good thing for the world’s foremost decentralised computer. Ethereum will tap from Samsung’s wide user base. Ethereum hodlers who are also Samsung users will be able to take advantage of all the features the wallet will offer. Members of the Ethereum community are already filled with excitement about the news. Until the phones are released though, all this should be regarded as speculation.

Ethereum (ETH) Price Analysis

During yesterday’s trading session, the price of ETH was bearish between the $119-$120 resistances. The price fell as low as $116 and eventually visited the $114 low. When it got to $114, the buyers emerged and started to push the price upward until it bounced back to the $116 level. The price of ETH broke above the 23.6% fib retracement level of the last decline from $120 to $114. The price started approaching key resistances at $119, $120 and $117.

Ethereum (ETH) Price Today – BTC / USD
NamePrice24H %

The declining channel that formed yesterday is still intact and there is a resistance at $117. The 100 hourly simple moving average is near the $127 level which is the trend line. The technical indicators show that the price is attempting a recovery but must break the $120 level if it is to get to the $130 level. If it doesn’t rise, it will fall as low as $114 and even $110. The relative strength index is above 50 and the MACD on the hourly chat is slowly entering the bullish territory. The major resistance is at $119 while the major support is at $114.

At the time of writing, ETH was trading at $117.52. This shows that it is up by 0.83% against the USD and down by 0.07% against Bitcoin with a trading volume of $2,261,278,281. ETH is still the third cryptocurrency in the world with a market capitalization of $12,286,769,424.

Do you think Samsung added the Ethereum wallet to the S10 series?

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.


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