Ethereum Recovery: Is It Possible Before The Year Ends?

2019 was a very awful year for Ethereum. Things can get pretty much worse before the beginning of the next year as the cryptocurrency falls badly on the exchange platforms and the crypto community torment grows. In our ETH news today, we take a look at whether the road to Ethereum recovery is going to be a successful one before the year ends.

At this moment the second-biggest cryptocurrency by market capitalization has a lower price than it had this time in 2018. According to Tradingview.com there was another fall of prices today below $125 making potential the scenario of falling back to the price of $100.

In the past week, Ethereum fell almost 20% and it appears that these losses will extend even further. According to ViewBase, which measures the massive falls of cryptocurrencies, a huge amount of Ethereum is being sent to exchanges throughout the world.
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There is worrying speculation that there is a single whale or even Vitalik Buterin himself can be selling his amounts.

The PlusToken scam ETH dumps have already caused falling of prices by drowning the markets. These transactions can make even greater trouble. Ethereum FUD is piling as we have the approaching of another infamous hard fork. The Muir Glacier upgrade is doubtful because he will be executed on New Year’s Day so many are wondering whether this will be an Ethereum recovery. The short time distance, less than a month, between the upgrades, has raised some questions among the Ethereum hecklers and Bitcoin maximalists. There is dissent among developers and detractors because they must work over the holidays to upgrade network nodes and they are expressing their dissent on Twitter.

 “When I said that Ethereum’s “surprise hard fork” which increases the inflation rate is scheduled to Jan 1st – a holiday! – people said I was wrong so I retracted that. Turned out they were wrong, I was right, and we’re only finding this out a week ahead of time. Great job ETH”

The upgrade is a routine work but the question asked by many in the cryptocurrency community is why it was not included in Istanbul. The consequence of Muir Glacier is that for another 4 million blocks the difficulty bomb will be delayed for 600 days through EUP 2384. There are observations by some in the community that the developer base can be spreading so much that more focus on Ethereum 2.0 is causing a negative effect on the current platform.