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ETH (Magic USD 38 billion floor)
There is some kind of turnaround taking place in the last few days (weeks) in the cryptocurrencies-universe. I am holding again ETH and now also Bitcoin Cash. But still, Bitcoin is NOT part of my Crypto-Holdings - yet -
In the chart above one can clearly see the supporting level (area) around USD 38 bn, where ETH is bouncing off from its lows to form some kind of short/intermediate uptrend (This area also relates to an ETH-price of approx. USD 380).
Just some short remarks on the cryptocoin Ether:
Ethereum is a decentralized platform for applications. It is powered by Ether - a cryptocurrency, which is in turn powered by the Blockchain technology. Applications are built with the use of smart contracts - computer algorithms which execute themselves, based on incoming data from the network. The self-fulfilling nature of such applications allows them to run without reliability issues associated with human operators.
Disclaimer: Ralph Gollner hereby discloses that he is directly investing in Ethereum (ETH) and Bitcoin Cash (BCH). Both are subject of the commentary, Snapshot above (as per 20th April 2018).
