Market review, September 30, 2020

2020-30-09 12:22:30

The developers of Ethereum 2.0 deployed Spadina, the last test network, before launching the main network of the new version of Ethereum. It will work in parallel with Medalla.

The Spadina test network will run for three days and will be another “dress rehearsal” in parallel to the Medalla test network launched last month. 

“The main goal is to give us another chance to go through one of the most complex and risky parts of the process – deposits and genesis block, before the launch of the main network,” ETH 2.0 developer Danny Ryan said. “If everything goes well, we’ll be able to launch the main network at the end of the year.”

Let us recall that in mid-August, unplanned forks occurred in Medalla – the network split into four chains. Difficulties occurred due to problems with third-party CDN Cloudflare service, which is used by Prysm client. Soon after that, Prysmatic Labs developed a solution to eliminating the bug with synchronization in the Medalla test network.

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin dropped to the support level of $10,650. Then it rose again to the resistance level of $10,850. Now, the price of bitcoin is $10,700. In the future, we predict a decline. The nearest resistance levels are $10,800, $10,900, $11,000, $11,100, $11,300, $11,400, $11,500, $11,650, $11,850, $12,000, $12,230, $13,000, $13,500. The nearest support levels are $10,700, $10,500, $10,340, $10,300, $10,250, $10,200, $10,000, $9,850, $9,600, $9,400, $9,300, $9,200, $9,000, $8,600.

 

Technical analysis of Ethereum (ETH):

Over the past 24 hours, the price of ethereum rose to the resistance level of $360. Then it dropped to the support level of $350. Now, the price of ethereum is $355. In the future, we predict a decline. The nearest resistance levels are $355, $365, $375, $380, $385, $390, $400, $410, $415, $420, $430, $440, $443, $470, $475, $500, $530. The nearest support levels are $350, $330, $325, $310, $300, $290, $277, $270, $260, $257, $250.

 

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple grew to the resistance level of $0.2470. Then it dropped to the support level of $0.2380. Now, the price of ripple is $0.2370. In the future, we predict an increase. The nearest resistance levels are $0.24, $0.2450, $0.2480, $0.25, $0.2550, $0.2580, $0.26, $0.27, $0.28, $0.29, $0.2960, $0.30, $0.3080, $0.31, $0.32, $0.3250, $0.3450. The nearest support levels are $0.2350, $0.23, $0.2250, $0.22, $0.2150, $0.21, $0.2060, $0.2020, $0.20.

Posted: 30.09.2020 | Korolowa Helena
Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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