ETH hits $160, after a +11% gainer in the last 24 hours - page 3.

CuriousGeorge

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Quote from: cassavachips on April 20, 2020, 03:42:06 AM

Of course, it must continue in the future, but there is definitely time to make corrections to come back higher. Now ETH has reached $180

As long as ethereum can always bring a good news and the correction can be avoided. Just try to spread the test net that is alive and people will be massively trying to use the POS testnet.
i don't even think if the correction will come shortly. My friend is even tring to be a validator right now.

drlukacs

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Quote from: coingecko on April 06, 2020, 12:01:02 PM

Ethereum is on a roll today with a +11% gainer in the last 24 hours hitting $160.

This is the strongest run ever since the massive correction we saw last few weeks as global pandemic and oil price war pushes down all crypto prices.

Is this sustainable or a trap?

I think this is a trap that whales often use. When stock markets in countries also start to recover due to the strong sell-off, there will be many millionaires willing to buy at low prices, from which the market will be restored. The whales also took advantage of that opportunity to start manipulating and releasing the good news for more buyers of BTC and ALTS. Wait until there's no more purchasing power and the whales will sell off again, causing many of the baby fish to lose money. So be careful in investing now. There are still many unemployed people and the economy is still not working, this growth is against the natural law. and of course, those who go against the rules of nature will get a bad ending.

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Quote from: Vitalicus on April 20, 2020, 07:33:20 AM

Quote from: cassavachips on April 20, 2020, 03:42:06 AM

Of course, it must continue in the future, but there is definitely time to make corrections to come back higher. Now ETH has reached $180

ETH has continued to decline and indeed the price of $200 has not been broken for the past few weeks. I think the epidemic situation is becoming more and more complex and will definitely affect the profitability of investors. For the time being I will restrict investment and only buy when the market becomes more stable as ETH now depends heavily on the price of Bitcoin.

Bitcoin has to rise $8000 for ETH to at least reach $200, that's going to be the trend since as of now, there's nothing that would hype ETH, everything is based on bitcoin's performance and we are even lucky now that bitcoin is still surviving and slowly recovering.

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Quote from: cassavachips on April 20, 2020, 03:42:06 AM

Of course, it must continue in the future, but there is definitely time to make corrections to come back higher. Now ETH has reached $180

ETH has continued to decline and indeed the price of $200 has not been broken for the past few weeks. I think the epidemic situation is becoming more and more complex and will definitely affect the profitability of investors. For the time being I will restrict investment and only buy when the market becomes more stable as ETH now depends heavily on the price of Bitcoin.

Cnut237

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Quote from: coingecko on April 06, 2020, 12:01:02 PM

+11% gainer in the last 24 hours hitting $160.

The problem with percentage increases is that they are relative. If a coin drops 50% then rises 50%, it doesn't return to its original value, it returns to 75% of that value.
Example: ETH is $100, drops 50% to $50, then increase 50% to... $75.
What I'm saying really is that 11% of current prices is nothing, it's not a big move, particularly in relation to the ATH for the coin, but it is also low in relation to the pre-Coronavirus values. We're talking about a price rise of about $10, that's all.

cassavachips

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Of course, it must continue in the future, but there is definitely time to make corrections to come back higher. Now ETH has reached $180

TheAndy500

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Quote from: ScamViruS on April 13, 2020, 03:42:41 PM

And back again at the $150 level. Affter huge dump 11% up nothing if you compare with last carsh. In fact all altcoin with eth depends on bitcoin. If Bitcoin is at the up trend then eth will go up. And if Bitcoin is dumped then eth will dump as well. Currently Bitcoin Analysis is important, before the day trade or short trading. Eth will follow Bitcoin.

The fact that the ETH price follows the BTC price does not happen only now, it has been going on since the beginning of the bear market, which began at the beginning of 2018. In fact, it is now the rule that the BTC price changes first, followed by the other altcoins. However, I think that soon ETH can become much stronger and sepatare its price from the Bitcoin price track. I think this will be the signal that the new altcoin season will start.

ScamViruS

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And back again at the $150 level. Affter huge dump 11% up nothing if you compare with last carsh. In fact all altcoin with eth depends on bitcoin. If Bitcoin is at the up trend then eth will go up. And if Bitcoin is dumped then eth will dump as well. Currently Bitcoin Analysis is important, before the day trade or short trading. Eth will follow Bitcoin.

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Quote from: Thomas-s on April 11, 2020, 07:14:44 PM

Well, now you can see that the price of Ethereum is completely dependent on bitcoin. I think that you do not need to spend energy and try to understand how the price of Ethereum will work. just watch bitcoin charts. Now this is the main tool that you need to watch

Though they are relevant since bitcoin is the main basis from how we see the market moves, if you are willing to take a closer looks then you'll be able to find situational movement from ETH, there are also time that it will gain value even bitcoin was steady from it's barrier, assess and have a closer observations for you to able to anticipate when to place your position and how you will be able to gain decent benefits.

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Quote from: mahilchii on April 13, 2020, 12:48:22 PM

As everyone know ETH price is dependent on BTC price without any doubt because these days ETH value goes up only if BTC performs similarly the same happens if the price drops, this isn't a good sign for a popular coin I agree the market is very volatile now but this pump and dump should be filtered on their own strength. Well that's how a coin should react when depending upon the situation of crypto market.

This is nothing new. The prices of all altcoins depend on the BTC price and the same applies to ETH. In 2017, the prices of many coins behaved differently and often regardless of what happened with the BTC price, but from the beginning of the bear market, BTC shows the way to all other cryptocurrencies. In my opinion, however, ETH has a chance to break away from the Bitcoin rate, but it is not known when this may happen. I hope it will be possible this year.

mahilchii

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As everyone know ETH price is dependent on BTC price without any doubt because these days ETH value goes up only if BTC performs similarly the same happens if the price drops, this isn't a good sign for a popular coin I agree the market is very volatile now but this pump and dump should be filtered on their own strength. Well that's how a coin should react when depending upon the situation of crypto market.

Thomas-s

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Well, now you can see that the price of Ethereum is completely dependent on bitcoin. I think that you do not need to spend energy and try to understand how the price of Ethereum will work. just watch bitcoin charts. Now this is the main tool that you need to watch

CaVO32

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Quote from: Westinhome on April 11, 2020, 06:04:27 PM

That was good news for ETH right now that would take to $160 and we hope it will still continue and reach to $200.
I know ETH can reach on that price because etherium one of the trusted in the market and a top 2 in crypto curency so no doubt about ETH can reach on that price. Before the ETH reach on a price like that it will need for bitcoin first to grow up the price so that's why ETH can be followed and also some altcoins.

One of the reasons why we need to closely follow the trend of bitcoin, because most alts or cryptocurrencies are just following the trend of bitcoin. Just look at the overview trading performance in coindesk. They are following the movement of bitcoin. And eth is not excluded from that. Though eth has solid platform, yet, it also follows the bitcoin trend.

Westinhome

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That was good news for ETH right now that would take to $160 and we hope it will still continue and reach to $200.
I know ETH can reach on that price because etherium one of the trusted in the market and a top 2 in crypto curency so no doubt about ETH can reach on that price. Before the ETH reach on a price like that it will need for bitcoin first to grow up the price so that's why ETH can be followed and also some altcoins.

btc_angela

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Quote from: Jating on April 11, 2020, 01:26:58 PM

^^ Nah, I don't think that $1000 at this point, Here is another bullish prediction on Ethereum by Galaxy

https://twitter.com/galaxyBTC/status/1248964805249118208

I think this is more realistic, we have been seeing Ethereum trading at this range prior to the downfall of crypto because of the Covid-19 pandemic. So let's see if we can see the price goes on that level after weeks of trading sideways.

Galaxy has always been very bullish obviously.

Anyway, yes there is a big possibility that $250 can be hit again specially if we are going to be bullish in the next coming months. I firmly believed that if after the BTC halving that we see some good run of BTC, ETH will follow suit as well pushing to the $200-$300, so everyone should stay tune and continue to accumulate at this point and take advantage of the current entry price.

Jating

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^^ Nah, I don't think that $1000 at this point, Here is another bullish prediction on Ethereum by Galaxy

https://twitter.com/galaxyBTC/status/1248964805249118208

I think this is more realistic, we have been seeing Ethereum trading at this range prior to the downfall of crypto because of the Covid-19 pandemic. So let's see if we can see the price goes on that level after weeks of trading sideways.

rose9696

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Quote from: Russlenat on April 11, 2020, 09:26:41 AM

Quote from: xandriel on April 11, 2020, 06:22:39 AM

Quote from: Rosilito on April 10, 2020, 11:28:06 PM

From the day you posted it till now market move up a bit than $160 in the last 3 days then dump a little in this day. It looks to me that would be going stable here between $150 and $160. But as what majority said, such movement was influenced by Bitcoin itself, well I agree as there are no significant news related to ETH alone on why did it move like that. So may be for now, as long as BTC pump rest assured that ETH or let's say several altcoins would do the same.

Now it's hard to talk about the future of ETH because the coin is very volatile and just a bad news can make things worse. Any prediction just stops at the prediction and investors tend to hold more fiat during this time. Of course, $150 -160$ is only a temporary price and certainly this coin will drop more if the market does not have a big improvement.

It's really temporary, even if the price will rise it's still temporary.
The thing is, bitcoin is volatile, we can't tell if the price will just go stable uptrend because anytime it could dump even without known reasons.

maybe this would only depend on our target now or prediction, mine is over $1000 and I'm hoping to see it but only possible with altcoins season.

$ 1,000 is a greedy number. I appreciate your carefulness in ETH pricing and always have a calm mentality, but I'm afraid your price prediction is too high. For an economy hit hard by covid, people are now holding more cash and preparing for a major recession. The rebound is only due to the fomo sharks and makes its price temporarily increase. The manipulation is increasingly intense and with a small amount of capital the whales can already manipulate the market, be careful at this time. Be patient and wait for a better price to buy and hold.

Russlenat

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Quote from: xandriel on April 11, 2020, 06:22:39 AM

Quote from: Rosilito on April 10, 2020, 11:28:06 PM

From the day you posted it till now market move up a bit than $160 in the last 3 days then dump a little in this day. It looks to me that would be going stable here between $150 and $160. But as what majority said, such movement was influenced by Bitcoin itself, well I agree as there are no significant news related to ETH alone on why did it move like that. So may be for now, as long as BTC pump rest assured that ETH or let's say several altcoins would do the same.

Now it's hard to talk about the future of ETH because the coin is very volatile and just a bad news can make things worse. Any prediction just stops at the prediction and investors tend to hold more fiat during this time. Of course, $150 -160$ is only a temporary price and certainly this coin will drop more if the market does not have a big improvement.

It's really temporary, even if the price will rise it's still temporary.
The thing is, bitcoin is volatile, we can't tell if the price will just go stable uptrend because anytime it could dump even without known reasons.

maybe this would only depend on our target now or prediction, mine is over $1000 and I'm hoping to see it but only possible with altcoins season.

xandriel

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Quote from: Rosilito on April 10, 2020, 11:28:06 PM

From the day you posted it till now market move up a bit than $160 in the last 3 days then dump a little in this day. It looks to me that would be going stable here between $150 and $160. But as what majority said, such movement was influenced by Bitcoin itself, well I agree as there are no significant news related to ETH alone on why did it move like that. So may be for now, as long as BTC pump rest assured that ETH or let's say several altcoins would do the same.

Now it's hard to talk about the future of ETH because the coin is very volatile and just a bad news can make things worse. Any prediction just stops at the prediction and investors tend to hold more fiat during this time. Of course, $150 -160$ is only a temporary price and certainly this coin will drop more if the market does not have a big improvement.

ballerin and giroud

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There will be a correction and a day ago that was a correction. The coin price will nevee increase continously because there will be a trader and make a strong support in the resistence. And now as we can see the price of ethereum is increasing again and I can say that the price will up more then last day if the sentiment market is still good. I realize that the movement price of cryptocurrency is different with the stock market movement price. The stock market will increase slowly but it just have a small chance for the price decrease but we will not it in cryptocurrency market.

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