J ust days ago, per previous reports from Ethereum World News , the market capitalization of Ether (ETH) surpassed that of XRP, as the asset surged by double-digit percentage points in a day’s time. The crypto asset has since taken a large leg up over Ripple’s go-to asset, but a number of analysts have claimed that ETH will only continue to run in the near future, especially as exchanges, like OkEX and Binance , continue to overtly profess their support for the Constantinople hard fork.
For those who are unaware, the Constantinople hard fork is a blockchain upgrade that will implement five improvement protocols into Ethereum’s blockchain. Four are focusing on short-term scaling, while the other is centered around reducing Ether issuance from three ETH to two ETH a block. A leading cryptoanalyst, Alex Krüger, has claimed that in the long run, the so-called block reward “thirdening” will be “decidedly bullish.”
Now, just a few days before the scheduled January 16th activation, Krüger has claimed that a breakout for Ethereum is “just inches away.” He didn’t explain his prediction in full, but considering he expressed bullish sentiment on Constantinople previously, his forecast likely has something to do with the impending hard fork.
In a sub-tweet, Kruger explained that the next line of resistance will be at $175 for Ether, $20 (13% higher) than current levels.
$ETH breakout inches away.
— Alex Krüger