Constantinople means Ethereum (ETH) is "decidedly bullish", says analyst

25 Dec, 2018
by David Robb
Analysis
Constantinople means Ethereum (ETH) is decidedly bullish, says analyst

With Ethereum's Constantinople upgrade due for 2019, many are predicting positive things for the future of the third-largest crypto. Analyst and commentator Alex Kruger believes that the forecast is "decidedly bullish".

Read more: Ethereum to hardfork at block 7,080,000Update: Ethereum's Constantinople new launch date is January 16

One of the longest-awaited network updates in the crypto space, Constantinople has also been referred to as Ethereum 2.0. Among a number of important modifications, one big one is that the new protocol will change the block mining rewards from 3 to 2. This is what could have a significant impact on the ETH price.

According to Kruger, the new mining rewards will make ETH bearish in the short-term, but bullish over a longer period of time. He analyzed the future profitability of mining ETH, and worked out his predictions in a Tweet thread.

Read more: Mining Ethereum is unprofitable right now, but this could lead to a price rally

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