There are a lot of new crypto predicitons about the price of Ethereum these days. Check out the latest reports about this below.
Ethereum new price prediction is out
An important and relevant crypto trader says he has his eye on Ethereum these days.
In a new strategy session, pseudonymous trader DonAlt said that one of the altcoins that caught his attention is LDO, the native token of liquid staking service Lido DAO.
As noted by the online pubcalition the Daily Hodl, DonAlt says that the leading smart contract platform is showing signs of life as it refuses to completely break down even after respecting $2,000 as resistance.
“With regards to ETH, I think the longer this goes sideways here the better it is for bulls because these kind of setups do have to play out eventually, and the longer they don’t play out, the more likely it is that they’re going to just disappear…”
The same notes revealed the following:
“If we have two more weeks that don’t necessarily go much further than (the) last (couple of weeks) to the downside, I think at that point punting to the long side is actually going to start being interesting.”
At the moment of writing this article, ETH is trading in the red, and the coin is priced at $1,814.
ETH new proposal addressed
CSR refers to a series of smart contracts that enable developers to earn revenue. This would happen whenever others interact with the code they have deployed on-chain.
Kevin Owocki, which is one of the co-authors of EIP-6969, told Blockworks that his firsthand experience as a builder in the Web3 space made him aware of the difficulties that are involved in monetizing the products he had actively helped create.
“There are really not that many opportunities to monetize in a way that’s sustainable and not very speculative,” Owocki said.