Ethereum’s (ETH) trading range reduced on January 15, as concentration shifted to the keenly awaited Constantinople upgrade . The hard fork, also known as the “thirdening” for trimming down the amount of new Ethereum discharged into circulation, is anticipated to bring technical changes to the globe’s third-biggest blockchain.
The surprise breakout and jailbreak relieved the risk of a fast move back to $100, which seemed certain at the beginning of this week, currently, there is not much resistance until around $160, a recently hard area to perforate for the bulls. Even though Ethereum has faced oversized trends relative to the wider market in December or so, it’s more probably to trade in lockstep with is compeers since Constantinople supply crunch bleached.
ETH still holds the third position both by trading volumes and market capitalization. According to the market cap rankings, ETH trails Ripple (XRP) by almost $200 million. Its day-to-day trading volume reached $2.92 million on Wednesday for a one-month total of over $81.5 billion, according to data from CoinMarketCap. It's only BTC and Tether (USDT) that are more actively traded.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/hard-fork-countdown-ethereums-thirdening-draws-nearer/