Saturday , November 17 2018
Home / News / Ethereum / Ethereum (ETH) has major potential, according to former Google CEO Eric Schmidt

Ethereum (ETH) has major potential, according to former Google CEO Eric Schmidt

  • Former Google CEO expresses his view on Ethereum and its friends, as well as to blockchain normally.
  • ETH/USD present process a pullback, after a current run of positive factors. Eyes near-term on $200 as potential help.

Google’s former CEO was lately talking on Ethereum and different cryptocurrencies, at a dwell occasion in San Francisco. Proving is ideas on the potential behind with blockchain and what’s serves with the know-how. Eric Schmidt is a identified Bitcoin and blockchain fanatic.

“At present, blockchain is a good platform for bitcoin and different currencies. And it’s an excellent platform for personal banking transactions the place individuals don’t belief one another.”

Schmidt famous that there are thrilling developments occurring with Ethereum that would revolutionize enterprise and society.

When it comes to ETH/USD, like a number of of its friends, is present process a small correction. This follows the respectable bull run seen of late, since managing to bounce on 31st October, following draw back strain. Close to-term, eyes might be on to see if the psychological $200 mark can serve some goal, in catching the falling value. Ought to this fail to maintain, a fast slip again down to $180-170 space could possibly be noticed, a identified demand zone. Elsewhere, value motion has been shifting inside a rising channel sample formation, topic to a possible breakout south.

 

ETH/USD Four-hour chart view

About Tom Greenly

Check Also

Wild Trading Day Sees New 2018 Lows For Bitcoin And Ethereum

Whole cryptocurrency market experiences dramatic and violent dive decrease, dropping over $29 billion. Possible transfer …

Bitcoin drops to one-year low as slump persists; ethereum down sharply

NEW YORK/LONDON (Reuters) – Bitcoin fell to a greater than one-year low on Wednesday, breaching …