Samsung Is Experimenting With An Ethereum-Based Mainnet – Will This Bring Back Ethereum Bulls?

UK-based Crypto Trading Platform is Launches Ethereum Futures Contracts

The price of Ethereum (ETH) is currently deep in the red alongside all the top digital currencies in the market according to data from CoinMarketCap. Bitcoin price is also down in the red by more than two percent. BTC USD live price was close to the $5,600 level yesterday. The price of bitcoin is now slightly over the $5,400 level. ETH USD live price is also down by more than four percent over the past day. The price of Ethereum which was heading for the $180 level, is now below the $160 level. However, there might be an imminent bullish breakout with the bullish Ethereum price prediction 2019, Constantinople Ethereum news, and its dealings with Samsung – a giant in electronic and mobile phone manufacturing industry.

Ethereum (ETH) Price Today – ETH / USD

Name Price24H (%)
Ethereum (ETH)
$214.68
-2.09%

Samsung’s Galaxy S10 Supports Ethereum (ETH) – Is This Bullish Enough to Consider Ethereum One of the Best Cryptocurrency to invest in 2019?

With Ethereum, startups and companies that want to explore blockchain don’t have to do it from scratch. Ethereum provides a platform for firms and startups to gain access to blockchain technology without building theirs from scratch. Crypto projects such as Tron (TRX), Binance, and EOS were all built on the blockchain of Tron. Although, these projects have migrated to their own blockchains. Tron Mainnet launch was indeed a success.

A few months ago, Samsung announced that its Galaxy S10 phone will support Ethereum (ETH). This is a really bullish Ethereum news. Ethereum is one of the most useful blockchain projects in the crypto space, if not the most useful. A lot of digital currencies are in the market today because of Ethereum. Many decentralized apps (Dapps) out there also have their root in Ethereum.

Samsung Will Soon Launch Its Blockchain – Will Ethereum Recover?

According to some reliable sources, Samsung might soon launch its own blockchain. If this happens, the electronics giant might issue its own token. Samsung, through its Wireless Division, is presently experimenting and creating an Ethereum-based Mainnet, according to an internal source. In an interview with CoinDesk, the source said:

At the moment, we are thinking of private blockchain, though it is unsubstantiated. It could also be public blockchain in the future, but it might be hybrid – which is a combination of private and public blockchains.”

This is very bullish news that could significantly boost the price of Ethereum. Will Ethereum recover? Is Ethereum one of the best cryptocurrency to invest in 2019? What is Ethereum price forecast?

Ethereum Price Analysis – Ethereum Price Prediction 2019 – Ethereum Price Forecast – ETH USD Live price

Yesterday, the price of Ethereum failed to stay over the $160 and $158 support levels. The digital currency plunged heavily below the $155 support level. The $155 support wasn’t able to prevent further losses as ETH USD price plunged further toward the $150 level. The $150 still wasn’t able to hold the coin and Ethereum price formed a new weekly low at the $146 level. The $145 support level was able to prevent further losses and the price of Ethereum is now consolidating higher. The digital currency surged higher and broke over the $150 level.

The digital currency is now trading close to the $158 resistance level. However, the major hurdle of the coin is at the $160 level. The major support of the coin is at the $150 level. If ETH USD price breaks below that level again, the next support is at the $146 level.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.