Do we see 5k Eth price by end of the month - page 10.

rhodelmabanal

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Quote from: Adbitco on September 02, 2021, 09:43:05 AM

what do you think by the sudden move of the Ethereum price not even determining the gas price so high

all day high $3,836.87 and the low $3,540

Do we see 5k Eth price by end of the week or month?

I think we will see 5k$ eth price at the end of the month. After a burning there is no other big news that being publish about eth, maybe the eth price is now almost 4k$ because the Bitcoin is also bullish it is maybe the affect of the rising of Bitcoin price because if Bitcoin rise altcoin always follow.

Adbitco

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Quote from: memed97 on September 02, 2021, 01:33:48 PM

Quote from: Adbitco on September 02, 2021, 09:43:05 AM

what do you think by the sudden move of the Ethereum price not even determining the gas price so high

all day high $3,836.87 and the low $3,540

Do we see 5k Eth price by end of the week or month?

In a month I'm not so sure that Etherum can reach the price of $ 5,000, but to reach the price point of $ 5,000 will happen in a few months, on the market charts when it reaches $ 4,000+ this must be a correction, and only then the uptrend will occur again up to $5,000. which is actually quite difficult to analyze with certainty the price of Ethereum, but in the trading method one must have expertise in analyzing market movements, even though it is not 100% correct.

Quote from: onecall123 on September 02, 2021, 10:30:40 AM

$3,836 what now? I anticipate a higher price this cycle. ETH is expected to wake up to 4k tomorrow or in the next few days. According to the chart, it has passed too high too fast, and there will definitely be a correction before 4K. 3500 should be considered a support level. Too much staked as well as consistently ETH burned makes me so confident.

Are you seeing the charts?
what makes you feel so comfortable about the market that it won't get to $5k by the ends of the months, do you as well read news about Eth to see the reason why many people said of getting to $5k is very possible.

Adbitco

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Quote from: ampu on September 02, 2021, 10:03:15 AM

A rally to $5k is possible for Ethereum, but to be certain we need Bitcoin to get closer to the $64k ATH it established in May.
September is usually a bearish month for Bitcoin, so I don't expect Ethereum to have a breakout in value, even though ETH is burned every day.
The current high transaction fees in Ethereum are due to the high level of NFT transactions. It's like the DEFI wave in previous months.

So could it be this September is a Good year considering how you said that is not a favorable month for BTC, looking closely this month will happen to be one of the best month so far time like this the market always turn bearish.

ampu

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Quote from: Yogee on September 02, 2021, 12:20:38 PM

Quote from: ampu on September 02, 2021, 10:03:15 AM

A rally to $5k is possible for Ethereum, but to be certain we need Bitcoin to get closer to the $64k ATH it established in May.
September is usually a bearish month for Bitcoin, so I don't expect Ethereum to have a breakout in value, even though ETH is burned every day.

I was wondering what would be the next catalyst for ETH to reach $5K this month. It looks like the burning as a result of the implementation of EIP-1559 is enough but I still don't see why people are too optimistic about it.

Check out https://ethburned.info/ if you want to monitor.

I understand that ETH is on a different trajectory since the activation of the transaction fee mechanism. But it is Bitcoin and the domain BTC.D that determines the market. Currently, Domain BTC. D is falling deeply, so it will probably bounce back with Bitcoin's rise.
Ethereum will definitely increase in price and be more stable, which will probably take a long time. Currently, ETH is at $3900 and could go further but not as fast as we thought. An organic growth process and no longer shock as before.

ChaoChibai

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Well, I really hope to see the price of ethereum $5k or even more in this month. Maybe we can hope for it together and see what will happen by the end of this month. Ethereum is such a hype topic right now and I am so optimistic that the price will increase.

TimeTeller

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Quote from: flip4flop on September 02, 2021, 06:27:15 PM

While there is some truth to be said that you can use technical analysis on crypto and it has proven true in the past it is still highly volatile and cannot be relied upon to really predict where a price is going. 5k by the end of the month is possible but first, we would need to break through the all-time high of $4,196.63 and then have enough time to likely come back to retest support and consolidate a bit before pushing up through 5k. With that being such a psychological level I would expect it to take some time to break through and hold over 5k. Honestly, I would think it's more likely to break through and stay above it by the end of November. If we rocket over 5k before the end of Sept I doubt it stays there as such a quick parabolic move will likely result in sharper pullback.

Such good analysis of what may possibly happen in eth market.
$5k level is very possible to happen in eth, unlike other speculated high prices.
The gas fees are still high, and yet, the eth's value keeps on improving.
It means, the trust of crypto users are really there and maybe, the hope of getting the results from the london hard fork is high.

doctor877

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5k for ETH is not too far, but this cant be in isolation of BTC bullish movement. i hope Altcoin will perform well enough this month with cooperation of BTC, ETH will make nice moves.

flip4flop

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While there is some truth to be said that you can use technical analysis on crypto and it has proven true in the past it is still highly volatile and cannot be relied upon to really predict where a price is going. 5k by the end of the month is possible but first, we would need to break through the all-time high of $4,196.63 and then have enough time to likely come back to retest support and consolidate a bit before pushing up through 5k. With that being such a psychological level I would expect it to take some time to break through and hold over 5k. Honestly, I would think it's more likely to break through and stay above it by the end of November. If we rocket over 5k before the end of Sept I doubt it stays there as such a quick parabolic move will likely result in sharper pullback.

memed97

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Quote from: Adbitco on September 02, 2021, 09:43:05 AM

what do you think by the sudden move of the Ethereum price not even determining the gas price so high

all day high $3,836.87 and the low $3,540

Do we see 5k Eth price by end of the week or month?

In a month I'm not so sure that Etherum can reach the price of $ 5,000, but to reach the price point of $ 5,000 will happen in a few months, on the market charts when it reaches $ 4,000+ this must be a correction, and only then the uptrend will occur again up to $5,000. which is actually quite difficult to analyze with certainty the price of Ethereum, but in the trading method one must have expertise in analyzing market movements, even though it is not 100% correct.

CryptoBuds

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Quote from: ampu on September 02, 2021, 10:03:15 AM

A rally to $5k is possible for Ethereum, but to be certain we need Bitcoin to get closer to the $64k ATH it established in May.
September is usually a bearish month for Bitcoin, so I don't expect Ethereum to have a breakout in value, even though ETH is burned every day.
The current high transaction fees in Ethereum are due to the high level of NFT transactions. It's like the DEFI wave in previous months.

I don't think Ethereum will wait for Bitcoins to reach $65K price.
Ethereum has the potentiality to surpass 5k. Till now bitcoins price is oscillating between 46K-50K. But already, ETH is near around in its previous ATH. I think if we won't see any further major bitcoin correction within the next couple of months then Ethereum will make a new ATH very soon, most probably this month. Now I'm seeing very fantastic move in Ethereum market, maybe will touch 4K tonight.

Review Master

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If bitcoin surpass the $50.5k price level, than it would be easier for ethereum to break that within one or two weeks. On the other hand, it's possible for eth to break that 5k milestone without any kind of heavy resistance if market stay stable like current one in this month or take bullish rally. But i'm still positive about crossing the 5k level by the end of this month as September just started. Also panic users could create unstability as many of them are expecting September to be a small bearish month. Grin

Yogee

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Quote from: ampu on September 02, 2021, 10:03:15 AM

A rally to $5k is possible for Ethereum, but to be certain we need Bitcoin to get closer to the $64k ATH it established in May.
September is usually a bearish month for Bitcoin, so I don't expect Ethereum to have a breakout in value, even though ETH is burned every day.

I was wondering what would be the next catalyst for ETH to reach $5K this month. It looks like the burning as a result of the implementation of EIP-1559 is enough but I still don't see why people are too optimistic about it.

Check out https://ethburned.info/ if you want to monitor.

arifteguhr

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Quote from: ampu on September 02, 2021, 10:03:15 AM

A rally to $5k is possible for Ethereum, but to be certain we need Bitcoin to get closer to the $64k ATH it established in May.
September is usually a bearish month for Bitcoin, so I don't expect Ethereum to have a breakout in value, even though ETH is burned every day.
The current high transaction fees in Ethereum are due to the high level of NFT transactions. It's like the DEFI wave in previous months.

That's clearly possible because the highest ETH price in May this year was also close to $5K, even though at that time there was no burning program on ETH, so it's definitely very likely if Bitcoin can approach $60K again this month or by the end of the year.

wheelz1200

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Quote from: Adbitco on September 02, 2021, 09:43:05 AM

what do you think by the sudden move of the Ethereum price not even determining the gas price so high

all day high $3,836.87 and the low $3,540

Do we see 5k Eth price by end of the week or month?

I don't think we are going to see that big of a run up. First it all depends on bitcoin pricing, but I think overall the world economy is waiting this pandemic out. With the run up we already have seen in the last year it will be tough to keep climbing at a steep pace. Think there will be a lot of sideways trading for the rest of the year.

sujonali1819

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Very possible to see actually. How it is pumped recently from $3000 to $3800 it’s very possible to see it at 5k range soon. And this can happen anytime if btc does not fall huge suddenly.

As I can guess id btc stable for atleast a day above $50k then BTC also can create a new ATH.

Zamoh

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Quote from: haidil on September 02, 2021, 11:11:14 AM

I'm more than sure to hit prices around 4K plus by the end of this year all altcoins will experience a pretty significant price drop. We're just waiting for the cues how to move in early September and it's already showing signs. As for the target to support prices above 5K, at least next year it will definitely rise above it.

Several days ago I saw interesting opinion, that Ethereum hit prices around 10k dollars by the end of this year. It will be interesting, waiting for this Cool

haidil

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I'm more than sure to hit prices around 4K plus by the end of this year all altcoins will experience a pretty significant price drop. We're just waiting for the cues how to move in early September and it's already showing signs. As for the target to support prices above 5K, at least next year it will definitely rise above it.

kidbounty

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Quote from: onecall123 on September 02, 2021, 10:30:40 AM

$3,836 what now? I anticipate a higher price this cycle. ETH is expected to wake up to 4k tomorrow or in the next few days. According to the chart, it has passed too high too fast, and there will definitely be a correction before 4K. 3500 should be considered a support level. Too much staked as well as consistently ETH burned makes me so confident.

yes you are right, before that happens there will likely be a correction. so to get to 5k, it won't be easy for now. and this may take longer, maybe 1 month is not enough to be able to achieve it. this month ethereum will move sideways, although overall conditions are good but the market is already in an overbuy state. and this is why I think the chances are very low to hit 5k any time soon.

Cryptomiles1

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There is all possibility it will hit $5k previously was +4k before reversal of the market dropping to $1,700 before picking back to the trend and you said if there is any means to hit 5k. we are expecting 6k and above

onecall123

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$3,836 what now? I anticipate a higher price this cycle. ETH is expected to wake up to 4k tomorrow or in the next few days. According to the chart, it has passed too high too fast, and there will definitely be a correction before 4K. 3500 should be considered a support level. Too much staked as well as consistently ETH burned makes me so confident.

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