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Polygon, formerly known as Matic Network, is a multi-chain scaling solution for Ethereum launched in 2017.

Ethereum (ETH) is barely moving as it sinks near current support. Ether has been stuck between levels of $1,070 and $1,350 since November 9. Sellers have failed to exert more selling pressure below current support after the initial breakdown on November 9.

The recent Bitcoin price surges were doubtlessly attention-grabbing.  After hitting above $40,000 in the first half of January 2021, it has soared past the $57,000 mark in the third week of February, resulting in a market valuation of over $1 trillion.

Ethereum is heading southward after testing the $151 and $157 price levels. Ethereum may revisit or breach the previous low at $140.

Ethereum price movement has remained stagnant for the past 48 hours. Ethereum is in a stalemate as the buyers fail to break into the $160 to $200 zones, while the bearish move seems to dry up. Yesterday, ETH pulled through to $152 but was resisted and it faced another selling pressure.

Another significant development for the Ethereum network is Constantinople, which is going to be implemented this January. This upgrade is also called “Ethereum 2.0” and the “New Ethereum”. The main aim of this fork is to improve the basic capacity of scaling within the framework of the network.

Ethereum’s (ETH) price has increased from $83 to $150, which is around 80% against the USD over the past month, in a significant corrective recovery.

Ethereum Classic (ETC) was created via hard fork in July 2016 after the DAO hack, when a part of the Ethereum community believed that blockchain transactions should be immutable out of principle.

Microsoft is announced  as the premier sponsor of the second Ethereum developer conference “Devcon2” on September 19-21, 2016 in Shanghai.