Home Ethereum price analysis: ETH/USD creeping higher; crypto traders wait for  Vitalik Buterin and  Changpeng Zhao  appearance  at a conference in Zug
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Ethereum price analysis: ETH/USD creeping higher; crypto traders wait for  Vitalik Buterin and  Changpeng Zhao  appearance  at a conference in Zug

FX Street
Updated:
  • Ethereum’s technical picture has barely changed.
  • Comments from the creator of the coin may affect the price in the short run.

Ethereum, the seconds largest coin by market value, is changing hands at $466 after peaking at $487 on Monday. Ethereum’s market value is $47.4B with average daily trading volume registered at $1.77B

ETH/USD stays above the long-term sloping trend line (currently at $455), which is a promising signal. While the upside momentum is fading away on approach to psychological $500 handle, the bulls may attempt another breakthrough, provided that the sentiments on global cryptocurrency market stay positive.

Tech Crunch’s Blockchain Sessions will take place today in Swiss Zug, featuring Ethereum Founder Vitalik Buterin and Binance CEO  Changpeng Zhao as keynote speakers. Crypto traders are likely to focus on the comments of these prominent industry leaders.  

Considering recent problems with gas costs and Ethereum network congestions, Vitalik may touch upon these  technical  issues and elaborate on possible solutions, which may influence Ethereum price.  

ETH/USD, the 4-hour chart

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