ETH also breakout the resistance zone and now trading near $2330

lepbagong

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Quote from: Bitcoinjheta on July 19, 2021, 07:09:58 PM

Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.

in a volatile market situation it will still be difficult to move higher, need external encouragement with good news coming to influence many investors to be able to trade again hoping that the increase will come in time.
the forecast for an increase will always be there and is likely to occur in Q3 and continue to peak at the end of this year. be patient with all of it.

Chato1977

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Quote from: Bitcoinjheta on July 19, 2021, 07:09:58 PM

Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.

Well it is up and down like what Bitcoin does now.

We may not be seeing another good movement in the following Months but may see what will happen in the End of the year when usually Pumping happen Or the worst more dumping.

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You can't judge a coin by the situation it is in during the bear market, ethereum went as low as 80 dollars during the last bear run and people thought it would be gone, and by the way even during when it was 80 dollars it was the second biggest coin by market cap, so it wasn't like some unknown coin or something neither it was still something very good. However at the end of the day people still believed it would be gone for some reason, what happened?

The price kept going up and up and eventually hit that 4k+ mark, that is the power of ethereum. From 88 dollars after the 2018 crash to 4.2k max price it went up 47x higher, think about it x47!! So inside of just 3 years or so, you could have increased your money 47 times bigger, all you had to do was buy ethereum at bottom and sell at top. But many saw 88 and imagined it was done, that is what you should avoid now that it is going down again.

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For ETH the bearish sentiment still prevails, but the bulls are still waiting to see to what extent BTC can continue to fall, if BTC rises it is likely that ETH will rise more than BTC, but it is a matter of waiting and not panicking:

Quote

Alternatively, if the price rebounds off $1,728.74, the bulls will try to push the price above the 20-day EMA. A breakout and close above the 50-day simple moving average ($2,245) will signal a possible change in trend.

Source: https://cointelegraph.com/news/price-analysis-7-19-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

The normal thing is what is happening, the market is still in a lot of uncertainty, for now it is better to wait to see how the BTC market continues to develop.

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Quote from: Bitcoinjheta on July 19, 2021, 07:09:58 PM

Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.

Right now the bearish move is happening with the market, but we can't make a perfect statement. In the recent months the market is highly manipulated, and the same can be done by the whales anytime. If there is no involvement of Whales, then what we experience now looks like the gradual decrease of the market. I find the gradual fall to continue till the month of December.

Bitcoinjheta

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Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.

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Quote from: Chato1977 on July 19, 2021, 05:10:16 AM

and i think that is the maintaining price of ETH this whole 3rd quarter , runs from 17 hundred to 2 thousand dolalrs.

Maybe 4th quarter will make all difference as the main season will be the deciding fact for all investors if they will continue waiting or sell for a while.

Let's see what will happen in the fourth quarter of this year because I'm a little sure that some investors have already let go of their assets before the correction arrives and some are waiting for the market recovery in the near future, so the correction condition looks like it will last a long time.

It's not boring to wait, many times will make us feel thrilled because of fluctuations happening. Corrections is part of volatile market, long term investment is worthy for our aim for financial success so don't give up until goals will be reach. Prepare for the huge spikes again, because many traders will grab this chances that they'll get profit according to waves of trend.

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yes right .. i also see it like that. this is a development shown by eth. if eth is able to solve the problem of high transaction fees, it is very likely that eth will regain the trust of crypto users today's

It's not that Gwei's transactions on the ETH network are quite cheap at the moment, try visiting the Gwei website or this https://etherscan.io/gastracker site, I think Gwei's transactions are now quite cheap compared to two months ago.

It is cheaper compared to 2 months ago but the price is lower as well, which means there isn't enough volume and interest towards ethereum that causes it to go up. It means that we are talking about something that is a mute point, will we have a high price again? Will we have ethereum at 5k and interest skyrocketing and the gas fee at these levels? No we do not, we are going to not see the gas fee at these levels when the price goes up and there is a hype, so we need to end up doing this a lot better and we should be focusing on doing exactly that.

I want to see gas fee under 1 dollar even when the price is at 5k and the transaction amount at 10x of the current situation, that is when it will make sense. Otherwise it is not going to end and it is not going to mean anything, this is feeling more like a "fake" drop currently that is very temporary.

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Quote from: Naficopa on July 19, 2021, 07:37:54 AM

Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

And unfortunately the situation has changed. Now ETH is slowly getting closer to support but the other way. If it breaks the resistance below $1800, I am afraid we will go to $1500 or even much lower, which in my opinion will already confirm that a bear market has started.

yes you are right, currently the market is experiencing a bear market, so the possibility for the price of Ethereum to go down is still possible, especially if you look at what is happening today (market prices are starting to fall again), so that makes me believe if the price of Ethereum can go down to $1500 or even below (if the market still continue to bear market).

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Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

And unfortunately the situation has changed. Now ETH is slowly getting closer to support but the other way. If it breaks the resistance below $1800, I am afraid we will go to $1500 or even much lower, which in my opinion will already confirm that a bear market has started.

Chato1977

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Quote from: LUCKMCFLY on July 17, 2021, 12:22:50 PM

For now, the ETH has a very tight price range towards the bearish trend, the ETH bulls may not come into action because they are with the uncertainty of BTC, at the moment it has dropped a lot in price, some believe that it may reach the 1700usd:

Quote

Contrary to this assumption, if the price rebounds off the $1,728.74 support, the bulls will make one more attempt to clear the moving averages. If they succeed, the pair could rally to the downtrend line.

Source: https://cointelegraph.com/news/price-analysis-7-16-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Many are panicking and it is not the idea, what can be done to protect yourself is not to sell and try to resist this time of bearish trend that is in the short term.

and i think that is the maintaining price of ETH this whole 3rd quarter , runs from 17 hundred to 2 thousand dolalrs.

Maybe 4th quarter will make all difference as the main season will be the deciding fact for all investors if they will continue waiting or sell for a while.

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Quote from: aprilnot on July 18, 2021, 06:14:12 AM

the reason is because bitcoin is not moving up. that's why ethereum and all altcoins can't recover. it's been weeks bitcoin market without a trend, the price always going up and down between 30k-35k creating confusion in the market. This puts pressure on the prices of all altcoins. its impact on ethereum is the current situation. always tried to break the resistance but never succeeded.

This is the problem of today's market, that the value of the second coin by capitalization is correlated with the value of BTC. Therefore, at the moment it is very easy to predict the further movement of Ethereum by simply tracking the change in the price of bitcoin. And if the price of BTC goes up rapidly, then all the resistances on the path of ETH will be swept away.

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Quote from: rodskee on July 18, 2021, 07:28:58 AM

Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

If we will always believe and Buy the idea of breaking the Said resistance then you will always be a loser .

Who sets these resistance ? as if this is a complex idea , but we all knew that it is only speculative and sets by those who we called "eXPertS"

Resistance is literally the amount of money that is being sold at a certain level, there are people who put exchange orders as "if it reaches this price I will sell" and that is the reason why bitcoin has resistance, and that is not speculative at all, it is literally a data that you can see if you look at any exchange. Same goes for buying and support, "if it drops to this level I will buy" is a thing in the crypto world as well.

Speculation does happen in crypto and that is a reality and we have to handle it by not getting speculated by people, it is just such a great thing to actually make it more easy for you by ignoring crypto worlds speculator "experts". However even all of this, sometimes even I do get hyped about bitcoin and end up buying at high levels, doesn't matter to me because I am a long term buyer but it is definitely something that I still fail to pick up sometimes.

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Quote from: sana54210 on July 16, 2021, 03:40:13 PM

Quote from: Silberman on July 15, 2021, 12:42:27 PM

I do not know what kind of time frame people are using for this information to be relevant, those kind of levels are unimportant as people concentrate on round numbers, this is basic psychology and one of those numbers has been broken recently, ethereum is currently trading below the 2k level and this is dangerous, if it does not go above it then we could find ourselves in bit trouble as people could panic and could begin to sell their coins.

I believe it is just that extra drop that we have now, bitcoin is near 30k levels as well and with some more drop it may reach to under 30k levels too. I just feel like we are in a drop situation where prices are going down, and it could very well be temporary as always. We have seen price hit as low as 28k on bitcoin and the price managed to reach back to 40k after that, so these things happen and I am fine with it.

What I am not really sure about is the fact that under 2k could be a bit different for ethereum, it is always known that ethereum has a much larger spread, like it went from 1.5k to 80 dollars to nearly 4k, that move by % calculations is a whole lot larger than whatever bitcoin has done so far, sure bitcoin has gone up and down as well but the difference between highs and lows weren't as big. It means ethereum could still have some time to go.

It is natural for the volatility of ethereum to be higher, after all it has lower volume, it does not have as many holders as the ones we have in bitcoin and its demand can drop massively if there is not an altcoin season going on, something that does not happen to bitcoin, the price of bitcoin keeps approaching 30k more and more and this could be bad news because it may seem we are close to the price of bitcoin breaking that level and if the price of bitcoin drops abruptly then ethereum will fall with it producing new lows.

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Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

If we will always believe and Buy the idea of breaking the Said resistance then you will always be a loser .

Who sets these resistance ? as if this is a complex idea , but we all knew that it is only speculative and sets by those who we called "eXPertS"

Quote from: ?? on ??

yes right .. i also see it like that. this is a development shown by eth. if eth is able to solve the problem of high transaction fees, it is very likely that eth will regain the trust of crypto users today's

It's not that Gwei's transactions on the ETH network are quite cheap at the moment, try visiting the Gwei website or this https://etherscan.io/gastracker site, I think Gwei's transactions are now quite cheap compared to two months ago.

This happens week ago and now look at the price, meaning this has nothing to do with that Cheaper Gwei's transaction fee instead this seems to be another bump from the whales.

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Quote from: caffu chino on July 17, 2021, 06:55:37 AM

Quote from: BigBos on July 17, 2021, 01:51:34 AM

Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

well, currently the price of ethereum is back below the price of $ 2k. I'm pretty sure that the current movement of ethereum is heavily influenced by the price of bitcoin. not only ethereum, but also for other altcoins. however, I hope the price of ethereum can get back above the price of $2k again. it might be supported if the bitcoin price can reach above $35k again.

without that ethereum will go back up to 2k. I'm sure the next few days ethereum will rise again. without having to support the movement of bitcoin, ethereum can do it. the question is whether ethereum is able to do more than that. so far ethereum has touched a resistance point several times, but always turns around again. can never break it to climb higher. I wonder why this is happening.

the reason is because bitcoin is not moving up. that's why ethereum and all altcoins can't recover. it's been weeks bitcoin market without a trend, the price always going up and down between 30k-35k creating confusion in the market. This puts pressure on the prices of all altcoins. its impact on ethereum is the current situation. always tried to break the resistance but never succeeded.

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For now, the ETH has a very tight price range towards the bearish trend, the ETH bulls may not come into action because they are with the uncertainty of BTC, at the moment it has dropped a lot in price, some believe that it may reach the 1700usd:

Quote

Contrary to this assumption, if the price rebounds off the $1,728.74 support, the bulls will make one more attempt to clear the moving averages. If they succeed, the pair could rally to the downtrend line.

Source: https://cointelegraph.com/news/price-analysis-7-16-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Many are panicking and it is not the idea, what can be done to protect yourself is not to sell and try to resist this time of bearish trend that is in the short term.

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Quote from: ?? on ??

unfortunately it's moving in the opposite direction. rather than trying to break through resistance, but instead moving closer to the support point. and the market situation also puts pressure on the price of eth. that's why eth has decreased.

Yes, that's right, the decline in ETH at this time is generally due to pressure in the market so that ETH looks so difficult to rise and also because Bitcoin has not experienced good price movements lately.

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Quote from: caffu chino on July 17, 2021, 06:55:37 AM

Quote from: BigBos on July 17, 2021, 01:51:34 AM

Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

well, currently the price of ethereum is back below the price of $ 2k. I'm pretty sure that the current movement of ethereum is heavily influenced by the price of bitcoin. not only ethereum, but also for other altcoins. however, I hope the price of ethereum can get back above the price of $2k again. it might be supported if the bitcoin price can reach above $35k again.

without that ethereum will go back up to 2k. I'm sure the next few days ethereum will rise again. without having to support the movement of bitcoin, ethereum can do it. the question is whether ethereum is able to do more than that. so far ethereum has touched a resistance point several times, but always turns around again. can never break it to climb higher. I wonder why this is happening.

Hopefully, that can happen if the supports can push the price to increase still. But if it's not and the bitcoin price still declines, the ethereum price will go down and maybe it will even be lower than $1,800. This day, the ethereum price is down but at this hour, the price can increase, although it needs to wait for the next few hours. But I am sure the price will break by $2k and still increase higher.

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Quote from: BigBos on July 17, 2021, 01:51:34 AM

Quote from: kumar009854 on July 07, 2021, 06:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

well, currently the price of ethereum is back below the price of $ 2k. I'm pretty sure that the current movement of ethereum is heavily influenced by the price of bitcoin. not only ethereum, but also for other altcoins. however, I hope the price of ethereum can get back above the price of $2k again. it might be supported if the bitcoin price can reach above $35k again.

without that ethereum will go back up to 2k. I'm sure the next few days ethereum will rise again. without having to support the movement of bitcoin, ethereum can do it. the question is whether ethereum is able to do more than that. so far ethereum has touched a resistance point several times, but always turns around again. can never break it to climb higher. I wonder why this is happening.

Topic: ETH also breakout the resistance zone and now trading near $2330 (Read 523 times)