May 9, 2019
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Ethereum (ETH) Decoupling, Project Has More Monthly Active Developers

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  • Ethereum (ETH) up 5.3 percent
  • Monthly active developers in Ethereum high at 216

On average there are 216 monthly active developers working on improving Ethereum (ETH) better. That is bullish now that the aim is to transition from Proof-of-Work to a staking system in Serenity. In the long term, ETH is bullish. Meanwhile, prices must close above $190 in a breakout trade.

Ethereum Price Analysis

Fundamentals

The crypto space is vibrant and back to green. Even so, we should note that there is a degree of decoupling between Bitcoin, the market leader and altcoins, including Ethereum. Note that despite Bitcoin (BTC) surging, Ethereum (ETH) prices are not responding as per traders’ expectations. In the last day, ETH is down 0.8 percent, struggling to breach $170 and up a mere 5.3 percent from last week’s close.

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