{"id":380626,"date":"2019-05-02T18:00:13","date_gmt":"2019-05-02T18:00:13","guid":{"rendered":"https:\/\/ktsl888.com\/?p=380626"},"modified":"2024-06-11T19:45:17","modified_gmt":"2024-06-11T19:45:17","slug":"billion-dollar-amazon-endorsement-but-why-is-ethereum-eth-flat","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/billion-dollar-amazon-endorsement-but-why-is-ethereum-eth-flat\/","title":{"rendered":"Billion-Dollar Amazon Endorsement, But Why is Ethereum (ETH) Flat?"},"content":{"rendered":"<ul>\n<li><em>Ethereum (ETH) prices down 3.5 percent<\/em><\/li>\n<li><em>After Elon Musk tweet, Amazon announces a tool that scale blockchains<\/em><\/li>\n<\/ul>\n<p><em>Amazon now has an Amazon Managed Blockchain tool that businesses can use to create and manage scalable blockchain networks. It is an endorsement of blockchain, a day after Vitalik replied to Elon, listing opportunities that the platform can execute. Overly, this is bullish for Ethereum (ETH), and resulting demand may help lift prices above $190.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>The blockchain community expects a lot from Ethereum, the pioneer smart contracting platform&#8212;and rightly so. Apart from improving Bitcoin\u2019s source code and introducing smart contracting, it also opened doors for visionaries and entrepreneurs willing to reap big from Web 3.0.<\/p>\n<p>Blockchain, it is said, will correct the original sin of the internet, and powering this transformation will be smart contracts of which Ethereum and team pioneered.<\/p>\n<p>Presently, the platform may be struggling to scale and being a public blockchain where there are factions demanding consensus before implementation. No one entity controls the network meaning it is in the good books of regulators as a utility.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">You can now create &amp; manage scalable blockchain networks with generally available Amazon Managed Blockchain. <a href=\"https:\/\/t.co\/qoPDufNVl0\" rel=\"nofollow\">https:\/\/t.co\/qoPDufNVl0<\/a> <a href=\"https:\/\/t.co\/z2M804vwgm\" rel=\"nofollow\">pic.twitter.com\/z2M804vwgm<\/a><\/p>\n<p>&mdash; Amazon Web Services (@awscloud) <a href=\"https:\/\/twitter.com\/awscloud\/status\/16100864?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 30, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Perhaps because of this that Amazon is now dipping their toes, experimenting on the blockchain. With a new tool, Amazon Managed Blockchain, available in their management console that businesses can use to \u201c<em>create and manage scalable blockchain networks<\/em>,\u201d the world\u2019s largest e-commerce platform said <a href=\"https:\/\/press.aboutamazon.com\/news-releases\/news-release-details\/aws-announces-general-availability-amazon-managed-blockchain\" rel=\"nofollow\">Ethereum<\/a> is \u201c<em>well suited for highly distributed blockchain networks where transparency of data for all members is important<\/em>.\u201d<\/p>\n<h3>Candlestick Arrangement<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-380622\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/05\/Ethereum-Daily-Chart-May-2.png?resize=1280%2C1024\" alt=\"Ethereum ETH\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/05\/Ethereum-Daily-Chart-May-2.png?w=1280 1280w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/05\/Ethereum-Daily-Chart-May-2.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/05\/Ethereum-Daily-Chart-May-2.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/05\/Ethereum-Daily-Chart-May-2.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/05\/Ethereum-Daily-Chart-May-2.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/05\/Ethereum-Daily-Chart-May-2.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>At the time of press, <a href=\"https:\/\/ktsl888.com\/2019\/04\/28\/even-with-samsung-ethereum-eth-bulls-must-nullify-q4-2018-bears\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum (ETH)<\/a> is stable but bullish. It is down 3.5 percent from last week\u2019s close, and bears are far from reversing Apr-30 bull bar. Even so, we shall maintain a bullish outlook on price and until after prices edge past $170\u2014the main resistance level\u2014previous support\u2014nullifying bears of Q4 2018 and $190\u2014confirming buyers of early Apr, risk-averse traders should stay on the sideline.<\/p>\n<p>Despite resistance for higher high, risk-off traders can initiate longs at spot rates aware that Apr-2 wide-ranging bull bar did lay out the short-term trend. Placing a Fibonacci retracement tool between Apr-2-8 high low reveals that prices found support at the 78.6 percent correction level.<\/p>\n<p>Therefore, from Fibonacci retracement rules, bulls are likely to retest $190\u2014the first target for aggressive bull traders with stops at Apr-25 lows.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Judging from candlestick arrangement, Apr-2 and Apr-25 bars are essential. The latter corrects the over-extension of Apr-3 that confirms Apr-11 liquidation. It is wide-ranging and has high transaction volumes\u2014160k against 99k. From an effort versus result point of view, sellers are in control unless there is a shift of momentum as ETH bulls drive prices above $170 or $190 at the back of high volumes exceeding 160k or 508k of Apr-3.<\/p>\n<p><strong><em>Chart courtesy of Trading View<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH) prices down 3.5 percent After Elon Musk tweet, Amazon announces a tool that scale blockchains Amazon now has an Amazon Managed Blockchain tool that businesses can use to create and manage scalable blockchain networks. It is an endorsement of blockchain, a day after Vitalik replied to Elon, listing opportunities that the platform can execute. Overly, this is bullish for Ethereum (ETH), and resulting demand may help lift prices above $190. Ethereum Price Analysis Fundamentals The blockchain community expects a lot from Ethereum, the pioneer smart contracting platform&#8212;and rightly so. Apart from improving Bitcoin\u2019s source code and introducing smart contracting, it also opened doors for visionaries and entrepreneurs willing to reap big from Web 3.0. Blockchain, it is said, will correct the original sin of the internet, and powering this transformation will be smart contracts of which Ethereum and team pioneered. Presently, the platform may be struggling to scale and being a public blockchain where there are factions demanding consensus before implementation. No one entity controls the network meaning it is in the good books of regulators as a utility. You can now create &amp; manage scalable blockchain networks with generally available Amazon Managed Blockchain. https:\/\/t.co\/qoPDufNVl0 pic.twitter.com\/z2M804vwgm &mdash; Amazon Web Services (@awscloud) April 30, 2019 Perhaps because of this that Amazon is now dipping their toes, experimenting on the blockchain. With a new tool, Amazon Managed Blockchain, available in their management console that businesses can use to \u201ccreate and manage scalable blockchain networks,\u201d the world\u2019s largest e-commerce platform said Ethereum is \u201cwell suited for highly distributed blockchain networks where transparency of data for all members is important.\u201d Candlestick Arrangement At the time of press, Ethereum (ETH) is stable but bullish. It is down 3.5 percent from last week\u2019s close, and bears are far from reversing Apr-30 bull bar. Even so, we shall maintain a bullish outlook on price and until after prices edge past $170\u2014the main resistance level\u2014previous support\u2014nullifying bears of Q4 2018 and $190\u2014confirming buyers of early Apr, risk-averse traders should stay on the sideline. Despite resistance for higher high, risk-off traders can initiate longs at spot rates aware that Apr-2 wide-ranging bull bar did lay out the short-term trend. Placing a Fibonacci retracement tool between Apr-2-8 high low reveals that prices found support at the 78.6 percent correction level. Therefore, from Fibonacci retracement rules, bulls are likely to retest $190\u2014the first target for aggressive bull traders with stops at Apr-25 lows. Technical Indicators Judging from candlestick arrangement, Apr-2 and Apr-25 bars are essential. The latter corrects the over-extension of Apr-3 that confirms Apr-11 liquidation. It is wide-ranging and has high transaction volumes\u2014160k against 99k. From an effort versus result point of view, sellers are in control unless there is a shift of momentum as ETH bulls drive prices above $170 or $190 at the back of high volumes exceeding 160k or 508k of Apr-3. Chart courtesy of Trading View<\/p>\n","protected":false},"author":384,"featured_media":376340,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[149,8323,1946],"class_list":["post-380626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-amazon","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Billion-Dollar Amazon Endorsement, But Why is Ethereum (ETH) Flat?<\/title>\n<meta name=\"description\" content=\"Amazon is endorsing Ethereum and thanks to the platform&#039;s distribution, ETH prices may rally. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/ktsl888.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Billion-Dollar Amazon Endorsement, But Why is Ethereum (ETH) Flat?","url":"http:\/\/ktsl888.com\/news\/billion-dollar-amazon-endorsement-but-why-is-ethereum-eth-flat\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/billion-dollar-amazon-endorsement-but-why-is-ethereum-eth-flat\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/shutterstock_1092095225.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/shutterstock_1092095225.jpg?fit=1000%2C637"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["amazon","eth","ethereum"],"dateCreated":"2019-05-02T18:00:13Z","datePublished":"2019-05-02T18:00:13Z","dateModified":"2024-06-11T19:45:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Billion-Dollar Amazon Endorsement, But Why is Ethereum (ETH) Flat?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/billion-dollar-amazon-endorsement-but-why-is-ethereum-eth-flat\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/billion-dollar-amazon-endorsement-but-why-is-ethereum-eth-flat\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/shutterstock_1092095225.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/shutterstock_1092095225.jpg?fit=1000%2C637\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"amazon\",\"eth\",\"ethereum\"],\"dateCreated\":\"2019-05-02T18:00:13Z\",\"datePublished\":\"2019-05-02T18:00:13Z\",\"dateModified\":\"2024-06-11T19:45:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/shutterstock_1092095225.jpg?fit=1000%2C637","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/380626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=380626"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/380626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/376340"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=380626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=380626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=380626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}