Reports have surfaced that Goldman Sachs is exploring for a developer with a potential experience in Ethereum. This has been a clear indication of the disruption brought by DeFi and Ethereum in particular.
This, despite Goldman Sachs recently advising its investors that Bitcoin and other cryptocurrencies are not an asset class.
Now it seems, the multinational investment bank might be interested in the second-largest cryptocurrency by market cap. This is coming after a new post in their career portal surfaced, showing that they are interested in a developer with Experience in Blockchain and Ethereum.
A developer with a vast ethereum knowledge would allow Goldman Sachs to develop crypto products and bring in more users and investors.
Their interest in Ethereum coincides with the upcoming Ethereum 2.0 expected in a few weeks. Improvements such as scalability and privacy, with this upgrade, is expected to make Ethereum one of the most sought out projects.
ETH Fails to Decouple from BTC
This emerges as Ethereum’s ETH struggles to reach $250. This is a critical test level for the digital asset. In the pursuit of the $300 high, bulls need to break and set support above $250 to induce some FOMO.
At the start of the week, the bulls looked like they were setting up to make a run at $250. Its price was creeping up to the $245 resistance with a number of top altcoins rallying hard. And with Bitcoin dominance looking weak, Ethereum just needed a trigger to push high. However, the altcoin has failed to decouple from Bitcoin. As such, it has fallen below $240 and is now trading sideways.
In the last 24 hours, there has been a less than 1% price change. For the bulls, the only relief is that trading volume remains stable at just over $6 Billion.
A number of altcoins are pumping with minimum triggers needed. In the days to come, adherents will be keen to see if the Goldman Sachs development brings any price change.