Ether Prices Hold Above $300 as Fork Fears Fade

[xIIImaL]

At press time, the ether-US dollar (ETH/USD) exchange rate is roughly $305, up from a low of $287 in the wake of a recent software upgrade. And while the price may be down from a peak of $350 in the run-up to the release, the relative price stability may be impressive due to the supposedly shaky state of the code.

Of note is that ethereum's new blockchain has still yet to be deemed stable by its developer team. Ethereum founder Vitalik Buterin informed markets this week that one or two months of further testing may be required before it can be declared as fully secure.

Still, as the blockchain continues to run without issue, concerns about the possibility of a harmful security bug in the new code appear to be fading.

As per CoinMarketCap, the cryptocurrency has lost 1.6 percent in the last 24 hours. Week-on-week, ETH is down 8.9 percent, while on a monthly basis, it is still up 7.78 percent.

But, will ether capitalize further on the sharp recovery from $287?

The price action analysis suggests that the odds of a bull run in the short-term are low.

Courtesy: Coindesk
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I am really fear that we may face the dump more in the chart. But fortunately bitcoin price only increase when the dump on the ethereum. Till yesterday to today, chart completely fall down in the supply graph.

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[RoommateAgreement]

the recovery was mostly a dead cat bounce. the price as you can see is back below $300 once again and fell more today. currently it is residing at $293 according to top exchangs such as GDAX (coinbase) and poloniex, bitfinex, and Gemeni.

in fact ETH had the worst week this past week. the price started at $347 (0.0597BTC) and with all the fork panic, the dumps, bubble bursting and panic sells the price went to the depth of $290 (0.056BTC) and recovered $300+ 3 days ago but it continued falling once again starting yesterday when it went below $300 and now again it is residing at $290ish price.

[xIIImaL]

the recovery was mostly a dead cat bounce. the price as you can see is back below $300 once again and fell more today. currently it is residing at $293 according to top exchangs such as GDAX (coinbase) and poloniex, bitfinex, and Gemeni.

in fact ETH had the worst week this past week. the price started at $347 (0.0597BTC) and with all the fork panic, the dumps, bubble bursting and panic sells the price went to the depth of $290 (0.056BTC) and recovered $300+ 3 days ago but it continued falling once again starting yesterday when it went below $300 and now again it is residing at $290ish price.

Check in coin market cap. almost 50 plus coins value dump in high decrease rate. Really worry that all the altcoins market supply and investing to it.
https://coinmarketcap.com/
Nearly 5 percentage dump in the ethereum difficult price graph.
In between all these coin, I am really confused the bitconnect only going with the positive range since they have scam news about their project.