Ethereum Price Analysis: ETH/USD despite Constantinople delay is holding gains
|- Ethereum price on Wednesday is seen holding modest gains of 2.5%.
- ETH/USD still holding ground despite the delay of Constantinople, until further notice.
The Ethereum price into the second half of the session, was seen holding gains of over 2.5% on Wednesday. ETH/USD is holding steady in positive territory, despite the Constantinople upgrade being delayed.
It was announced that their Constantinople upgrade, which has been heavily anticipated, has been delayed, due to a critical vulnerability which was discovered in one of the planned changes. A new fork date will be decided during another Ethereum developer call, scheduled on Friday.
ETH/USD is supported to the upside by an ascending trend line, the price managed to catch some comfort here. This coming after the heavy selling from 10-13th January, before then bouncing off the mentioned support.
ETH/USD 4-hour chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.