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

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Quote from: Bitcoinjheta on July 19, 2021, 06:09:58 PM

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.

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.

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Quote from: Bitcoinjheta on July 19, 2021, 06:09:58 PM

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.

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, 06:09:58 PM

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.

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.

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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.

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, 04:10:16 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, 06:37:54 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.

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, 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.

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.

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Quote from: LUCKMCFLY on July 17, 2021, 11:22:50 AM

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, 05:14:12 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, 06:28:58 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.

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, 02:40:13 PM

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.

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, 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.

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, 05:55:37 AM

Quote from: BigBos on July 17, 2021, 12:51:34 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.

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, 05:55:37 AM

Quote from: BigBos on July 17, 2021, 12:51:34 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.

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, 12:51:34 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.

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.

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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.

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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.

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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.

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Quote from: ?? on ??

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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 .

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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.

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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

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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.

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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.

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And... it goes away. In current market shape anything bullish will be hard to happen. There will be green days of Ethereum for sure but it won't be like 2 weeks straight green. There won't be anything like %20 increase at once. Every increase is miniscule.

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

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.

Given the fact that all altcoins are moving behind bitcoin, the direction of movement of Ethereum will depend on the movement of BTC. And as long as the price of BTC is still in the range of 30-40 thousand dollars, you should not expect that the price of ETH will start to grow rapidly.

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

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.

That would be interesting to watch actually. Market still on sideways and I am looking forward too to see if eth can really go for 10k this year. This could be next to impossible but if btc can go 100k then eth can also build that kind of momentum. If this happened Im sure alts will fly too and expect major coins to follow on that trend.

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I have seen the market in the last few hours have seen the growth of many projects and BTC again.
With ETH, it is not too difficult for it to increase with the upcoming information surrounding the project. Although quite happy with these current changes, I think the market will still need more time to create more pressure on holders.

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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.

This is a great moment in whole cryptocurrency market! In my opinion, Ethereum will be able to chase Bitcoin immediately after switching to PoS, i.e. break the iron rule that all alts are chasing BTC. I think that the next trend for the new ATH will not be the BTC rate, but the ETH rate. Fingers crossed guys! HODL ETH! Wink

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

Quote from: ven7net on July 11, 2021, 03:55:25 PM

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.

Indeed, this can be, however, you need to understand exactly that the market is now in a position where it is difficult to predict something. You should have noticed how the price of ETH and other top cryptocurrencies behaves a little strangely. There is a high probability that this is a game of large players and their task is to reduce the price of ETH and buy more coins from people with weak hands. I also noticed that there is positive information on ETH and it follows from it that ETH may in the future overtake BTC and become exactly the cryptocurrency that will be used in the world. Of course, such news is encouraging, but we also know that news is not an indicator for action. Personally, I have now decided to just hold my ETH and give up trading. I'll just watch the situation in the crypto market.

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.

otundebis

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It seem graph charting and technical tools might not be accurate at this time as Cryptocurrency market is unpredictable. Bear market has certainly set in and in my experience, market cap will only dip from here affecting all coin prices on Cryptocurrency market.

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Quote from: ven7net on July 11, 2021, 03:55:25 PM

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.

Indeed, this can be, however, you need to understand exactly that the market is now in a position where it is difficult to predict something. You should have noticed how the price of ETH and other top cryptocurrencies behaves a little strangely. There is a high probability that this is a game of large players and their task is to reduce the price of ETH and buy more coins from people with weak hands. I also noticed that there is positive information on ETH and it follows from it that ETH may in the future overtake BTC and become exactly the cryptocurrency that will be used in the world. Of course, such news is encouraging, but we also know that news is not an indicator for action. Personally, I have now decided to just hold my ETH and give up trading. I'll just watch the situation in the crypto market.

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.

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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.

Indeed, this can be, however, you need to understand exactly that the market is now in a position where it is difficult to predict something. You should have noticed how the price of ETH and other top cryptocurrencies behaves a little strangely. There is a high probability that this is a game of large players and their task is to reduce the price of ETH and buy more coins from people with weak hands. I also noticed that there is positive information on ETH and it follows from it that ETH may in the future overtake BTC and become exactly the cryptocurrency that will be used in the world. Of course, such news is encouraging, but we also know that news is not an indicator for action. Personally, I have now decided to just hold my ETH and give up trading. I'll just watch the situation in the crypto market.

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This has been a long time coming after a long bearish spell and tbh am now looking forward to seeing Ethereum breaking the $3000 barrier....of course it won't happen immediately but this is were we headed from the look of things!

Quote from: nira09 on July 09, 2021, 09:38:16 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.

I also hope that the uptrend for ETH will arrive soon, but it looks like ETH will still be sideway between the price of 2,020 USD to 2,400 USD, the increase in ETH price has not been accompanied by an increase in ETH trading volume, If the price is rising and trading volume is rising, maybe this could be a sign uptrend starts

All roads are pointing upwards but I don't see it being limited with this range as we should be above this afaik.

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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?

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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.

Sad that it is already down, I was expecting it to go up a little bit more before it started to fall but it is already under 2.2k once again. I think in order to see over 3k again we will need to wait a bit more. I hope that this upcoming eip 1559 will make things a lot easier for people, and should see ethereum going up in the price as well. I know it is not easy to skyrocket in a day but after that the gas fee will be much much cheaper and people will start to use it again.

I am feeling like even I will start using it when it becomes cheaper and that means that I will have a chance to sell all the dust coins I have, I used to have around 200 dollars worth of them but since it was nearly 40 bucks for moving just one of them and usually they didn't worth that much I had to keep them. With lower now I sold some of them and with even lower I will sell the rest. Which means I will be more invested into ethereum itself.

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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.

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.

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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 also hope that the uptrend for ETH will arrive soon, but it looks like ETH will still be sideway between the price of 2,020 USD to 2,400 USD, the increase in ETH price has not been accompanied by an increase in ETH trading volume, If the price is rising and trading volume is rising, maybe this could be a sign uptrend starts

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ETH has been destabilized from its past movement due to weekly market situation. We are hoping that condition will improve later today as market we move to weekly upward trend. There is another good news coming on August 4th that would take eth price to above $3k in my view. August 4th news was supposed to happen in July, if that had happened we would've already touched 27k by now. ETH provides great opportunities for investors to benefit from the situation by increasing their holdings before big news.

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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.

Okay, that may a good news. I haven’t been checking my wallet to know the prices of cryptocurrencies that I have bought since price went down. Just checked it after I came across this thread, and I even noticed that BTC also went up to an extent, more than what I saw a week before now. That’s really good.

As of recent I stopped bothering myself about the price of Bitcoin and every other assets there is in the market, I have already made some profit and after investing again, I felt it’s best that I focus on other things and nit bother much about what my portfolio says. Though most times when I come to the forum I feel pushed to check.

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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.

Ethereum today is trading at a price range of $2,134.58 to $2,322.56 and there is a decline in price of almost 7.8% compared to the price that occurred yesterday and as a result the movement of the downward trend in the price of ethereum has reduced the market capitalization of Ethereum to fall quite dramatically in the current market and I don't think an up trend will occur in the near future, but in my opinion, if ethereum succeeds in breaking out line price, of course, it is very likely that the price of ethereum will be able to strengthen further so that it can move towards resistance at US$2,800 later, I totally agree with your opinion, because I also think that ethereum is consolidating after the massive sell-off last May.

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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.

ethereum right now seems stilll no strong support mate and it's showing a consecutive false break out in the chart, and in my view it can't even reach the new resistance which is around $2600 for how how many attempts. So IMO this results still not enough reason to buy back again, wherein we need to wait fore more results or wait until it passed to the resistance and it shows a potential to exceed more to assure everything will gonna be alright afterwards. Maybe we may see a small changes in it as it showing green on the trading volumes (24hrs) but this still not enough reason in my personal opinion..

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If we see a retest again and make the price down, I am ready to buy some ethereum after I sold it before. Hopefully, this month can bring a good profit and we will see bitcoin can come back and increase higher to impact ethereum to follow behind bitcoin. I am sure ethereum can increase slowly.
But reaching the next highest price will still difficult because the price does not break $3000. But yes, ethereum still has many times to increase, so we can try to have more ethereum by now.

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Quote from: Johnyz on July 07, 2021, 06:51:00 PM

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.

Too early to say a bull trend but it’s good that the market recovers already and now slowly going back to the top. So happy to buy ETH on its lowest price, there’s always a hope with the top project especially with ETH. We might see $2,500.00 this month it’s good if you can still buy because if we can break the resistance, the trend is confirmed.

Exactly, and just like bitcoin price movement, it didn't have enough momentum for a break out run.

I would say that we are still in the bearish cycle, but not that deep that we can't get up and resume the bull run. It's that it's too early to call that we are in full blast bull run just because a certain resistance has been broken. It should maintain at the price level for at least a week. But we didn't see that, after breaking, the price goes down again. So the sideway patterns might continue though.

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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.

Too early to say a bull trend but it’s good that the market recovers already and now slowly going back to the top. So happy to buy ETH on its lowest price, there’s always a hope with the top project especially with ETH. We might see $2,500.00 this month it’s good if you can still buy because if we can break the resistance, the trend is confirmed.

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Currently, the market is likely getting better although it is still risky enough and sometimes uncertain.
However, at least, there are some increases in some altcoins that can make the market going green.
In this case, Ethereum itself becomes one of the altcoins that becomes the most focused altcoin to have. And hopefully, after breaking this resistance, the price will go up again and again. I really hope that this bearish market will end and jump to another bullish market although in one year.

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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.

The pumped that we have because of Bitcoin is rallying high again, in fact, not only ETH did follow but most of the altcoins are also recovering. But we shouldn't be confident that it keeps moving high after breaking the resistance like we think it goes back to bullish again. No, and we should be careful buying this time as might the trap is set up by the whales.

This gonna be the opportunity for the holder to make a profit from the unpredictable pumps but this is not a buying opportunity. We have to wait when it drops back as the trend is still moving up and down.

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Quote from: cheezcarls on July 07, 2021, 07:50:20 AM

ETH is what I am holding mostly in my portfolio. It’s just sad that I didn’t sell it when it peaked around $4K, and could have bought back at cheaper price. But I was greedy lol. I am not sure if this recent breaking of resistance would signal a slow and smooth bull run. It could be a bull trap, but I’m not sure. It’s just my opinion. It would be interesting where would ETH go this weekend. Maybe a lil’ pullback or hanging on above $2,300? We’ll see.

don't regret yet because this coming month, Aug 4 - ETH is expected to launch their London Hard Fork (EIP 1559 & 3554) . so your patience may paid off after all. just don't lose hope as eth has very active development and the difference with other alts is that they really do accomplish things here. it can easily go above 3k or more once they deployed these protocol updates.
and if btc will also be bullish, i am sure eth will also follow the btc trend and alongside with hard fork update, it will definitely be a good market value for eth

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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.

We're on a good recover right now and almost all the good coins are doing great today. If we are able to beat more resistances then we might end this sideways early and go to another bull run. Hopefully this is not a bull trap since the volume are convincing, we might end this month at a higher note as we welcome the ghost month where usually the price dumps, we will see.

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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 don't see a lot of bullish signs in the markets as of now. Even a slightest of green move is met by a lot of sellers and leads to red candles. I think unless BTC crosses 40K area. I don't think alts will get any volume. If you compare the current scenario of market with April volumes have gone so down. To pump the price back up by that much there needs to be a hell lot of volume in the market. Eth isn't even getting 30% volumes of what it was getting at around all time high.

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Quote from: zanezane on July 07, 2021, 05:47:14 AM

Finally the ETH that I am hodling for about a month now is going to go up and have me get some big profit since I bought it at a really low price. Hopefully we get to see ETH get to another all time high before the end of the year together with bitcoin.

The trusted coin will sustain for longer period.So only they called as trusted coin.Ethereum is one of good potential coin. You made a good move in a trading.Because patience is needed one trading. Most people do panic selling and get into the loss. Buying at the dump is also important one to get profit.

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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.

Ethereum did pumped very well in the last few days I think the broken resistance wasn't too strong however the price is presently testing a stronger support at $2340+ probably if the price pullback to retest the resistance turned support at $2270 the price will breakthrough the resistance and head to $2600 possibly with Bitcoin also undergoing a bullish run these technical analysis are subject to non release of any negative fundamental news, that is the major mover of the price in the crypto market.

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ETH is what I am holding mostly in my portfolio. It’s just sad that I didn’t sell it when it peaked around $4K, and could have bought back at cheaper price. But I was greedy lol. I am not sure if this recent breaking of resistance would signal a slow and smooth bull run. It could be a bull trap, but I’m not sure. It’s just my opinion. It would be interesting where would ETH go this weekend. Maybe a lil’ pullback or hanging on above $2,300? We’ll see.

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Finally the ETH that I am hodling for about a month now is going to go up and have me get some big profit since I bought it at a really low price. Hopefully we get to see ETH get to another all time high before the end of the year together with bitcoin.

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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.

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