One of the biggest Ethereum narratives over the past few months is ETH 2.0.
For those that are unaware, Ethereum 2.0 is a new version of the network that will dramatically improve usability, bandwidth, and speed. Developers intend to accomplish this by implementing technologies like Proof of Stake and sharding.
At the Ethereum Asia Supermeetup in March 2019 in Hong Kong, Vitalik Buterin explained:
“[It is] a way to bring technical improvements, like PoS and sharding, together to improve the Virtual Machine, Merkle Trees, the efficiency of the protocol, and a whole bunch of small technical things that you have never heard of.”
Because of the changes it will implement, the upgrade has been deemed one of ETH’s most bullish catalysts. If you ask many investors in the cryptocurrency, in fact, many will cite the upgrade as the reason they are investing.
Yet the Ethereum bull case was just dealt a blow with a recent statement from a prominent community member. This comes as ETH has approached multi-month highs.
Chart of ETH’s price action over the past seven weeks from TradingView.com
Ethereum 2.0 May Be Delayed, Says a Researcher
Coming into 2020 and for most of Q1, the common sentiment was that Ethereum 2.0 was going to go live by July or August of 2020. But this may be changing.
Justin Drake, a researcher at the Ethereum Foundation, said on July 10th that he personally thinks the upgrade’s first phase cannot go live this year.
In a Reddit “Ask Me Anything,” he said that for the upgrade to be smooth, he wants a public testnet, bug bounty, and “attack net.” According to him, all this cannot happen in Q3 2020.
“All the above cannot happen in Q3 2020. With Thanksgiving on November 26 and the December holidays I’d say the latest practical opportunity for genesis in 2020 is mid-November, 4 months from now. As such, I’m now inclined to say that the earliest practical date for genesis is something like January 3, 2021 (Bitcoin’s 12th anniversary).”
Notably, Ethereum founder Vitalik Buterin has politely disagreed with the sentiment. Yet the discourse shows that there is considerable uncertainty about the upgrade.
According to Kelvin Koh, a partner at the Spartan Group, this is somewhat bearish for Ethereum.
The former Goldman Sachs partner said that the uncertain economic implications and potential technical shortcomings of the upgrade make him more bullish on BTC than ETH.
ATM I am more bullish on $BTC.
We are observing the ETH2.0 transition closely to understand the crypto economic implications and impact on $ETH price.
At some point, we may turn more bullish on $ETH. It is a big event but at the moment there is considerable uncertainty.
— SpartanBlack (@SpartanBlack_1) May 22, 2020
When It Arrives, It Will Be Big
When Ethereum 2.0 arrives, though, analysts expect the upgrade to have a dramatic effect on the market.
Ethereum proponent and investor Adam Cochran shared in April that ETH 2.0 will create “the largest economic shift in society.” He attributed this to staking and other incentives being activated around the upgrade that could force Ethereum higher.
1/50
ETH 2.0 is only a few months away, and could prove to be the largest economic shift in society for a few key reasons.
Here is my 7 economic cases for how ETH will preform with the ETH 2.0 rollout. pic.twitter.com/fxIqu07xAb
— Adam Cochran (@AdamScochran) April 17, 2020
Featured Image from Shutterstock
Price tags: ethbtc, ethusd
Charts from TradingView.com
Researcher Says Ethereum 2.0 May Be Delayed — Increasing Risk to ETH Bulls origin »
Key Takeaways
Why is Ethereum holding up despite price weakness?
Long-term holders are staying put and Ethereum staking continues to hit all-time highs, signaling strong conviction.
Could ETH rebouThe post Why Ethereum’s staking strength couldn’t halt ETH’s price slide appeared first on AMBCrypto.
Ethereum price remained under pressure on Sunday as sentiment in the crypto industry worsened. ETH token was trading at $3,187, down by over 36% from its all-time high, meaning that it is in a deep bear market.
Key Takeaways
Why is Ethereum showing resilience this quarter?
Ethereum short-term holders remain in a high profit zone, and smart money is buying the dip, giving ETH a conviction-driven advantage.
Key Takeaways
What’s driving Ethereum’s rebound above $4K?
Ethereum surged 4.82% as whales increased buying, Exchange Netflow turned negative (-13.3K ETH), and seller exhaustion signaled a bulliThe post Ethereum: Bearish exhaustion hits the market - Is $4.5k next for ETH? appeared first on AMBCrypto.
Key takeaways
Why is Ethereum leaving Binance?
Investors are moving ETH to self-custody.
Why is Bhutan choosing Ethereum?
Bhutan is migrating its national digital ID system to EtheThe post Ethereum to $10K? - Why these ETH datasets say YES! appeared first on AMBCrypto.
Key Takeaways
What’s fueling Ethereum activity?
Transactions broke 1.6–1.7 million daily and Active Addresses hit 422k, reflecting genuine adoption and DeFi growth.
Will ETH break higher soon?
The post Ethereum adoption breaks records - So why is ETH below $4.3K? appeared first on AMBCrypto.
Ethereum signals strength as BitMine accelerates ETH treasury strategy. The ETH price bounced from lows of $3,800 last week and is holding above $4,100. Bitmine’s buying leads the corporate world’s interest in Ethereum, and tailwinds such as spot exchange-traded funds approval could catalyse gains to above $5,000.
Рост Ethereum к отметке $5 000 может столкнуться с новыми препятствиями. Ряд ончейн-сигналов указывает на встречный ветер для актива. Долгосрочные держатели ( LTH ) ETH активно продают свои монеты, что может создать давление на рынок.
Key Takeaways
Why did Ethereum's price stall near $4. 5k?
ETH faced rejection at $4,763, dropped to $4,499, with Perpetual demand fading and Exchange Netflows showing 13. 9k inflows.
What do metricThe post Ethereum dips below $4.
Key Takeaways
Ethereum reserves fell on Binance and Coinbase, while Long/Short Ratio, Funding Rates, and liquidation clusters shaped its bullish outlook.
Ethereum [ETH] reserves across major eThe post Ethereum's exodus: Why whales are pulling ETH from exchanges, fast appeared first on AMBCrypto.
Joe Lubin, one of the co-founders of Ethereum (ETH), has said again that he thinks Ether will one day go up 100X in value. His words have sparked interest in crypto forecasts, making Ethereum (ETH) a long-term cornerstone of the market.
Key Takeaways
Ondo Finance has debuted its on-chain stocks on Ethereum, and it will expand to other chains. Will ETH clear the $5K overhead hurdle?
Ethereum [ETH] tokenized stocks continue tThe post Ondo tokenizes Wall Street on ETH: Ethereum targets $5,000 resistance appeared first on AMBCrypto.
Ethereum trades above $4,600 as bulls target a breakout to $5,000 A surge in Ethereum ETF net inflows and broader crypto bounce give buyers an edge. Tom Lee has predicted the ETH price surging to $5,500 and possibly $10,000 in 2025.
Key Takeaways
Publicly listed firms are increasingly stockpiling Ethereum, with over 3. 7 million ETH held as reserve assets, fueling both crypto and equity market gains. Strong ETF inflows and institThe post Ethereum treasuries top 3.
Key Takeaways
Ethereum tagged a fresh all-time high at $4,953, with futures OI shooting up to $71 billion. Leverage is flooding in, setting the stage for a big move either way.
Ethereum [ETH] The post Ethereum breaks $4,900 all-time high: Here's why ETH could hit $15K by December 2025 appeared first on AMBCrypto.
The Ethereum ETFs have been driving the token upwards for over a month now. News and hype around the exchange products have seen more investors hop on the Ethereum blockchain, raising the ETH price further towards its ATH.
Ethereum (ETH) was once the undisputed growth story in the crypto world, delivering returns so massive that early investors still talk about its rise from cents to thousands of dollars. Those days are behind us, and while Ethereum (ETH) remains a giant, the next ETH-like story in the making is already attracting attention. Analysts are […]
Key Takeaways
Ethereum has underperformed Bitcoin in the latest pullback. With nearly 30% of ETH staked, could that set ETH up for a sharper rebound?
Since thThe post Ethereum vs.
Ethereum Foundation researcher Justin Drake has introduced a transformative proposal for a new consensus layer upgrade called the “Beam Chain” during his Nov. 12 presentation at DevCon in Bangkok.
Coinspeaker Ethereum 2.0 Could Be Launched on July 30, 2020While the community waits for an official announcement, Justin Drake has suggested the launch date for Ethereum 2.0 in July next year.Ethereum 2.0 Could Be Launched on July 30, 2020
Coinspeaker Ethereum 2. 0 Planned for Launch on January 3rd, 2020A new version of Ethereum to be introduced on January 3, 2020. The launch of Ethereum 2. 0, which apart from other things is aimed to address scalability and transaction speeds, will also mark Bitcoin’s 11-year anniversary.
