Ethereum (ETH) Weekly Update: Resistance at $609.65
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Ethereum (ETH) Weekly Update: Resistance at $609.65

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. Here is how Ethereum (ETH) has performed over the week.

At January 13, ETH soared high at 1396.77 USD. So far it hasn’t been able to reach that level again but remains steady in the range of 547.61 USD to 623.45 USD without much trouble.

A review of Ethereum (ETH) over the week shows ETH at 567.29 USD on May 30.  From there on it rises and is currently standing at 609.65 USD. Although Ethereum (ETH) has increased by 42.36 USD over the week it is still unsure whether ETH will rise or fall in the coming days.

There has been an increase of 3.08% in the last 24 hours and ETH faces resistance at the 609.65 USD mark. As of now, it stands on the 2nd rank with a market cap of 60 billion USD.

In other news, Zap announced that it will be releasing its Ethereum API today. ZAP is an Ethereum-based ERC-20 consumer utility token powering an oracle marketplace for smart contracts. The Zap Store allows users to create, publish and subscribe to smart contract and Decentralized Application compatible data feeds.

The platform aims to encourage the making of a standardized and self-sustained platform-agnostic smart contract data layer upgraded by the world’s best open marketplace for oracles, drastically bringing problems down enabling entry into the multi-billion-dollar alternative data industry and savvy contract ecosystem. The Zap venture is overseen and coordinated by the Synapse Foundation, whose mission is to regulate development, increase community engagement, and support participation within the Zap community.

The Zap Project is handling a focal test in the blockchain space: off-chain information curation for on-chain applications. The arrival of its Ethereum API is a noteworthy advance in building the crypto-monetary establishment for oracle curation and savvy contract governed services, enabling anybody to tokenize their information, stake to rising stars in the ecosystem, and straddle both on and off-chain applications by means of its smart contract controlled by fortified records platform.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.