Late last week, Ethereum developers had their last meeting before the Byzantium fork, to be held on October 17. Go Ethereum (Geth), their most popular client has already issued its release. Developers and investors give optimistic forecasts about Ethereum future.
Ethereum has been in a flat state for the past few days and is now traded in the $282 to $315 range. It is because the market’s waiting for the news on the network implementation updates.
A short-term uptrend has been observed since October 10. As soon as the price passes the $315 resistance level, it’ll target the $330 to $340 range. A strong support level is at the $280 level.
Success or problems arising during the implementation of updates determine expectations and further forecasts for the cryptocurrency. As of now, however, the most probable scenario is the growth of the market’s second cryptocurrency in terms of capitalization.