MrJozza
Long

Eth/Btc: Looking bright ahead

POLONIEX:ETHBTC   Ethereum / Bitcoin
With a strong price rebound in 2017, even in light of increased Bitcoin price; Ethereum has bottomed as previously anticipated on prebubble resistance turned support. Now consolidating, moderate bollinger bands expansation is seen anticipating further price upside.

With today's release of EEA (while strictly for private networks), I expect further interest to come into Ethereum from tertiary interest sources. With further events, venture funding and conferences comes more of the same.

Later in the year, activation of the Casper PoS system which will invalidate the current mining system may also increase price as the more Ethereum owned in this case, will provide a higher reward.

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