Ethereum gained 2.5% and returned above long-term trendline. Ethereum’s creator seeks a solution for growing gas prices. Ethereum, the seconds largest coin by market value, is changing hands at $470 after peaking at $487 on Monday. Ethereum’s market value is $47.6B with average daily trading volume registered at $1.6B ETH/USD stays above the long-term sloping trend line (currently at $461.5), which is a promising signal. While the upside momentum is waning on approach to psychological $500 handle, the bulls may attempt another breakthrough, provided that the sentiments on global cryptocurrency market stay positive. Continually growing gas prices has been plaguing Ethereum this summer. The push the transaction costs higher, creating difficulties both for users and miners. Now ETH users may specify the amount of gas they are willing to pay for a particular transaction. But they do not have incentives to set the price higher than the average, which means that transaction may fail. Vitalik Buterin, the Ethereum creator, offered a solution. “One proposal for improving stability and user-friendliness of gas price markets: Not dependent on Casper, sharding or abstraction; if well reviewed and people agree it’s a significant improvement, it could technically be implemented as a change to mainnet,” he wrote in his Twitter account. ETH/USD, the 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next German factory orders, FOMC minutes and US ADP amongst market movers today FX Street 4 years Ethereum gained 2.5% and returned above long-term trendline. Ethereum's creator seeks a solution for growing gas prices. Ethereum, the seconds largest coin by market value, is changing hands at $470 after peaking at $487 on Monday. Ethereum's market value is $47.6B with average daily trading volume registered at $1.6B ETH/USD stays above the long-term sloping trend line (currently at $461.5), which is a promising signal. While the upside momentum is waning on approach to psychological $500 handle, the bulls may attempt another breakthrough, provided that the sentiments on global cryptocurrency market stay positive. Continually growing gas prices has been plaguing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.