ETH also breakout the resistance zone and now trading near $2330 - page 2.

Chato1977

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Quote from: kumar009854 on July 07, 2021, 05:41:06 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.

10 days after here we are again >>>>> https://coinmarketcap.com/currencies/ethereum/ Trading at 18 hundred dollar again , that is 500 dollar drop in just 10 days.

I see so much pressure in all coins as bitcoin still keep being stagnant and struggling to climb back 35,000.

BigBos

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Quote from: kumar009854 on July 07, 2021, 05:41:06 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.

sana54210

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Quote from: Silberman on July 15, 2021, 11:42:27 AM

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.

Review Master

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What's going on with ethereum market which is part of the market cycle! If you are just ether holder accept the loses and hope for the best.

Indeed, it's happening just because of the market cycle and we should accpet the loses as well as it's a great time to accumulate more ethereum when it's on correction market and there is a major event like hardfork in the next month. For longer period of time, ethereum is a great investment option for all. Sooner or later, hodlers will be benefited from ethereum as ecosystem is growing from the beginning and more competitors are now on market.

Silberman

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Quote from: kumar009854 on July 07, 2021, 05:41:06 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.

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.

leea-1334

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Quote from: BuNga_cute on July 15, 2021, 02:58:08 AM

I agree Ethereum doesn't have to obsess over Bitcoin, most importantly until now Ethereum is still the best altcoins and has a large community.
It's all because Ethereum has a good team, therefore Ethereum is one of the old projects that still gains the trust of many investors. It can be seen that the performance of Ethereum since its release in 2015 until now has increased quite significantly. I agree the imminent hard fork should be able to push the Ethereum price up, therefore I still hold the Ethereum that I have. Although the price of Ethereum eventually dropped below $2000, but I believe the price of Ethereum will go up again soon.

Actually,,, I doubt that Ethereum any more looks at Bitcoin, maybe during the 2017 days when people were crazy about Flippening talk and thinking dapps would take over the world but the proof has died down and they understand now Ethereum just needs to take care of business and build and build,,, and keep on building.

More people are bought over, including myself, when they changed their perspective.

Xinarae*

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For ethereum it is in a much better position than it was years ago the amount of investment is increasing and investors believe the investment is holding on these decentralized applications take advantage of cryptocurrency and blockchain technology. These can be believable meaning that once they are to etherium they will continue to be programmed. These can control digital resources to create new types of financial applications they can be decentralized, which means that no single entity or person controls them.

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Quote from: TimeTeller on July 11, 2021, 05:28:17 PM

Quote from: BuNga_cute on July 11, 2021, 04:38:56 PM

With the current market conditions it is very difficult to predict where Ethereum will move and I agree that trading Ethereum is very risky.
It's safer for now holding Ethereum, waiting for the market to recover. Ethereum is undoubtedly the best altcoin, but in the future Ethereum
will overtake Bitcoin I doubt it. Because Bitcoin has a performance and popularity that is very difficult for any altcoins to match, even now
Bitcoin has always dominated the market.

I think, there's no need for ETH to surpass BTC. But carve their own path.
With the upcoming hard fork this August, high likely that it will influence the price of ETH in the market.
ETH has one of the solid teams out there that are continuously innovating their network.
So the possibility of further increasing its current value is pretty high.
It has sustain its price level above 2k despite of the correction happened to btc.

I agree Ethereum doesn't have to obsess over Bitcoin, most importantly until now Ethereum is still the best altcoins and has a large community.
It's all because Ethereum has a good team, therefore Ethereum is one of the old projects that still gains the trust of many investors. It can be seen
that the performance of Ethereum since its release in 2015 until now has increased quite significantly. I agree the imminent hard fork should be able
to push the Ethereum price up, therefore I still hold the Ethereum that I have. Although the price of Ethereum eventually dropped below $2000,
but I believe the price of Ethereum will go up again soon.

LUCKMCFLY

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ETH is a currency very dependent on the movement of BTC, if BTC rises in price ETH rises with a large percentage, in fact it rises faster than BTC, the bad thing is when BTC begins to have falls, even in the short term, because the alt it also falls, even in the short term it has touched lower levels of $ 2k:

Quote

On the contrary, if the price turns down from the 20-day EMA, the bears will make one more attempt to sink the price to $1,728.74. A break below this support could start the next leg of the downtrend.

Source: https://cointelegraph.com/news/price-analysis-7-14-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

If the ETH bulls start to act there can be a good defense of ETH prices, the alt ones like DOT and UNI are giving a very good price level for ETH, it is like being cautious to support bearish trades.

senyorito123

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Quote from: kumar009854 on July 07, 2021, 05:41:06 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.

After that retest it could be an unpredictable movements which probably raises eth price, when market starts to climb higher. But, it depends on how the response of the demand works everytime fluctuations changes. The potential of ethereum is amazing compared with other following coins, particularly on biggest exchanges, because competition is very tight.

el kaka22

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The reality is that eth is having time of its life right now with the current situation, even after the fall, why? Because reality is that it dropped to a level where it is much much higher than what it used to be, the price was around 100-150 dollars before all of this bull, now it is over 2k+ even after the fall.

However that is not even the only reason, that is just like every other coin and that means all coins are doing fine (which they do, but not as good as ethereum) because there is even a bigger thing for eth that other coins don't; improvement. Eth will have a huge improvement on gas fee, which will make it cheaper and that will get a lot more people to trade on ethereums chain, and on top of that we are really working on eth 2.0, it is possible that we could see it in a year or so, and that will definitely increase the price a lot, so not only price is high now, but it has constant reasons to keep going up.

sulis sudibyo

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Quote from: Oceat on July 11, 2021, 10:47:21 AM

Quote from: sulis sudibyo on July 10, 2021, 02:10:06 AM

Quote from: kumar009854 on July 07, 2021, 05:41:06 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.

in the next few weeks we will see whether eth is able to overcome resistance or not. but I personally hope eth can, because this will give more impetus to the market. if eth can, the market will become even more excited and may break the current sideways trend.

I don't think you could just easily predict the price just like that and thinking it would happen next week or so soon? With the strong volatility in this market, no one can certainly tell what could be the next price on a specific day you want. I think the price would move downward in the next few weeks based on the price movement of ETH.

What possibly could happen if the market creates a fud again that might make a change in the price again. Thinking that it did stopped to $1700, what do you think would happen if it below $2k this time?

you seem to have forgotten that next month ethereum will be doing an update that is the london hardfork. because of this I believe the price of ethereum will go up. isn't it just me who has predictions like this. a lot of people think a later hard fork could trigger a recovery in the price of ethereum. regardless of the current FUD, the hard fork will have a great chance to increase the price of ethereum.

LUCKMCFLY

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In the last hours there has been a very strong selling pressure, there is talk that they can lower the price to the levels of $ 1700, although it is a bit exaggerated it is a possible scenario, the bulls of BTC have not yet manifested themselves:

Quote

The sellers are currently attempting to sink the ETH/USDT pair below the psychological support at $2,000. If they manage to do that, the pair may drop to $1,728.74. A break below this support could signal the resumption of the downtrend.

Source: https://cointelegraph.com/news/price-analysis-7-12-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

It could be said that whenever BTC rises ETH also does so and with a higher percentage of profit, but when BTC is in correction ETH also suffers a lot, for now it is better to be patient and not sell.

killerfrost

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Information about upcoming updates is contributing to the momentum for ETH to have growth again. Moreover, I also think that the market has dropped too suddenly recently and now will be the time to grow again. The market will be bustling again in August, that's my opinion.

peter0425

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Quote from: kumar009854 on July 07, 2021, 05:41:06 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.

But again fell down to almost under 2k https://coinmarketcap.com/currencies/ethereum/

This is what the movement now and i believe we are not getting any higher in the next months now.

Quote from: ?? on ??

It's quite hard for big volume coin like ETH, we need to wait bitcoin bullish first before big alts pumping. Bitcoin's price looks stagnan in current time, the whales are playing with low volume alts to get profits, just buy some of ETH and hold until bitcoin next wave bullish

Or we must wait for the 2.0 version to finally releae .

adaseb

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ETH on the daily chart looks horrible. Basically we have support at $1700 which held however last time we bounced from there we had a week bounce and only reached $2400 instead of retesting the prior pivot of $3000.

The way its trading currently looks like it will go and test $1700 again and most likely it'll hold, at least if there is low volume however I am pretty sure it'll end up breaking down. And also looking at the ETHBTC chart it confirms this. Basically 0.055 was support which held however each time it failed to make a higher high. Most likely 0.055 will break and the dominance will be on bitcoins side and most alts will also start to bleed.

With bitcoin its hard to say. Could go either way. I think it might hold the $30K and go to like $50K before going back to $30K, breaking it and heading to like $20k-$25k or so. Either way. Won't happen until maybe Sept. Right now there is no volume.

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Quote from: kumar009854 on July 07, 2021, 05:41:06 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.

do not be too optimistic, because the current market is difficult to predict. maybe eth is approaching resistance, but that could be a false signal. if you have to wait longer to prove that ethereum has started to recover.

husdemba

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Volume has been very low in the cryptocurrency markets lately. Analysis of Ethereum and other coins is often misleading. The volume is very low, so the whales move very easily. Ethereum is currently around $2100 and it is very difficult to predict its price future Undecided

Boov

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Quote from: kumar009854 on July 07, 2021, 05:41:06 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.

Eth never goes down that bad just like the other altcoins, and despite of downfall of btc it kept a stabilized price. Even though the retest seems to be fluctuating, but that doesn't disappoint every holder because eth live trading was within a good control. After this current challenges, domino effect will come when btc soon have a second highest price.

cheezcarls

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The latest development of Ethereum is to launch their upcoming London hard fork. However, we don't know if this is going to break Ethereum's current resistance that is $2,400? Or are we gonna experience another short term setback? The thing is that we can't simply predict the market's movement. Even if there's a great upcoming development, there are no such guarantees about the price movement. Either it will go up or down.

Topic: ETH also breakout the resistance zone and now trading near $2330 - page 2. (Read 587 times)