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Topic: ETH hits $160, after a +11% gainer in the last 24 hours - page 5. (Read 608 times)

full member
Activity: 531
Merit: 100
I don't think this is a bull trap, the price of ETH and Bitcoin are growing slowly. And that is the recovery of this market, hopefully from now until the halving of bitcoin begins we can see ETH go up above $ 200 and bitcoin can reach $ 8000-9000 again. That would definitely be a great start
legendary
Activity: 2492
Merit: 1001
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I don't think it is trap ever since we know the movement of the ethereum is really good but not all the time.
I really like what I saw today because as ethereum investord and holder we can have chance to pump again this coin .

Ethereum is popular and very promising coin so it's not surprised to me today becaude the price is pumping it's natural to that coin to up but I hope we take csre this because we allow again panic seller another dump for sure.
a trap or not, in fact, the price of ethereum goes up, and anyone who has ethereum can take advantage of this moment. other than that, I'm quite optimistic about the recent price increases. it looks like the price stops at a range of $ 165 and $ 175, however, there will be further developments when the price of bitcoin rises again.
full member
Activity: 1750
Merit: 118
Whether sustainable or not, but you can't deny the fact that % wise, this thing has shown an almost 100% increase from its touched low this year which is highly commendable. I think Eth 2.0, being in the discussion all the time, could be the reason why this beast woke up and blasted off? What's your thinking on it? It's a great opportunity for everyone to go long at 2-5x max on Eth because it can give you huge returns compared to other alts.
It's expected that 2.0 will be release this year, well, maybe people are speculating now, bitcoin for halving while ETH for eth 2.0... those are great, but then I didn't see ETH rise alone, it only rise when bitcoin rises, so it's really hard to tell if it can sustain without bitcoin rising.

means that it isnt really sustainable because btc isnt also sustainable due to its high volatile trait   .

infact btc just drop again from last day up until now so i wont be surprised if eth and other coins goes down again    . still eth pumped was nice tho  .  many people are amazed to see that happen knowing that there are still crisis and cryptos are greatly affected   . we shouldnt be worried at all when eth declined again because there are still big event for eth and can trigger a huge pump again soon as well as btc too because of halving 
hero member
Activity: 2982
Merit: 610
Whether sustainable or not, but you can't deny the fact that % wise, this thing has shown an almost 100% increase from its touched low this year which is highly commendable. I think Eth 2.0, being in the discussion all the time, could be the reason why this beast woke up and blasted off? What's your thinking on it? It's a great opportunity for everyone to go long at 2-5x max on Eth because it can give you huge returns compared to other alts.
It's expected that 2.0 will be release this year, well, maybe people are speculating now, bitcoin for halving while ETH for eth 2.0... those are great, but then I didn't see ETH rise alone, it only rise when bitcoin rises, so it's really hard to tell if it can sustain without bitcoin rising.
legendary
Activity: 3052
Merit: 1273
Whether sustainable or not, but you can't deny the fact that % wise, this thing has shown an almost 100% increase from its touched low this year which is highly commendable. I think Eth 2.0, being in the discussion all the time, could be the reason why this beast woke up and blasted off? What's your thinking on it? It's a great opportunity for everyone to go long at 2-5x max on Eth because it can give you huge returns compared to other alts.
hero member
Activity: 2828
Merit: 518
Not quite unusual for me knowing the capability of Ethereum to change like that and still a lot of people are giving their all put support. Ethereum is always in the tail of Bitcoin and no wonder why it moves high as Bitcoin did it first. If we bought ETH last month, we are probably gaining but I don't think that many people did this because we are now at the crisis which is our first priority than investing. The momentum will continue if Bitcoin won't fall back as the halving comes closer. $200 is not impossible...
full member
Activity: 714
Merit: 104
I believe that Ethereum really has a lot of advantages over other cryptocurrencies.  Of course, the Ethereum platform provides unlimited opportunities for creating smart contracts, in which Ethereum plays the role of fuel.  But even despite this, Ethereum has a number of other functions that can be used as bitcoin or lightcoin, where Ethereum can be used to transfer money, use it as a means of payment, and Ethereum can be used as an asset for investment or for storing your  financial resources.  Of course, the main problem for Ethereum today is scalability, but according to Vitalik Buterin after the introduction of sharding, this problem will be solved.  Of course, Ethereum has great prospects and its value and popularity will grow due to the demand for Ethereum in the cryptocurrency market.  But what today prevents Ethereum from developing and growing in price is, first of all, a general negative trend in the cryptocurrency market.
hero member
Activity: 3178
Merit: 661
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I don't think it is trap ever since we know the movement of the ethereum is really good but not all the time.
I really like what I saw today because as ethereum investord and holder we can have chance to pump again this coin .
Investors will hold, while investors or maybe what you mean are day traders or short term investors, they'll take profit when necessary.
What will make this price rise more is when the whole market is bullish, ETH already loses its power when ICO popularity was over, and its upgrade was not release yet so nothing is special at the moment.
hero member
Activity: 1834
Merit: 523
I don't think it is trap ever since we know the movement of the ethereum is really good but not all the time.
I really like what I saw today because as ethereum investord and holder we can have chance to pump again this coin .

Ethereum is popular and very promising coin so it's not surprised to me today becaude the price is pumping it's natural to that coin to up but I hope we take csre this because we allow again panic seller another dump for sure.
hero member
Activity: 3052
Merit: 685
This is a great signal for this market, Bitcoin and ETH are growing strongly today and I hope it can keep going up this month. If the end of April bitcoin goes up to $ 10,000 then I think we have returned to the bull run
That's a big achievement, $10,000 is always a good price and will surely make this market more hype.
Right now, the stock market are sleeping due to the economic crisis, imagine what the investors would do if they will see that the crypto market is bullish.

It's unexpected but it could happen, maybe this is the best time to show to the world that our economy might struggle but crypto can grow under any situation, we should see this pump continue, slowly but we are getting there.
sr. member
Activity: 1988
Merit: 254
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This is a great signal for this market, Bitcoin and ETH are growing strongly today and I hope it can keep going up this month. If the end of April bitcoin goes up to $ 10,000 then I think we have returned to the bull run
legendary
Activity: 1904
Merit: 1277
Ethereum is on a roll today with a +11% gainer in the last 24 hours hitting $160.
All of crypto dropped substantially. The most relevant thing here for me is that ETH is outperforming BTC at the moment. A sign of things to come with alts leading the recovery? Perhaps.

Is this sustainable or a trap?
+11% a day isn't sustainable. 11% in one day then plateauing is sustainable.
I don't think it's a trap, ETH has been under-priced for a long time. The markets dropped too far I think in the CV-19 panic, it's natural that we have sudden mini-recoveries like this. It's welcome, but I don't think hugely important given the context of those recent big drops.
legendary
Activity: 2730
Merit: 1288
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.

Back then global pandemic and oil price war pushed crypto prices down, now they push it up. Price of oil increased 30% few days ago. Dow ones increased over 20% in last two weeks. What pushes crypto prices down also pushes them up.
hero member
Activity: 2856
Merit: 674
And it continues to rise... this is such a great day for the crpypto market, finally we see some significant gains after weeks of the market being quite.
Thanks to bitcoin being bullish as well since it's always bitcoin is the initiator of the market and altcoins will just follow.
sr. member
Activity: 2520
Merit: 280
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Nearly 10% growth all over the market in the past 24 hours which is really great at pandemic situation like this and will help more people to realize why they should move towards decentralized assets to survive at any market conditions.
hero member
Activity: 2912
Merit: 556
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I hope that soon ethereum can break $200 so I can sell more ethereum and get the profit. While ethereum increase now, the other coins are increasing too because bitcoin price already increases since yesterday, and I am happy to see bitcoin finally can be at more than $7,000 position. If bitcoin can get more support, then we will go to see the price break $7,500, and the chance to break $8,000 will be wide. But still, I feel afraid to buy some bitcoin or ethereum right now because I guess that the timing is not right to buy and now, it is the right time to place an order sell at the market. I think there is a chance to make a fast buy and sell at this moment.
hero member
Activity: 2982
Merit: 610
Thank to bitcoin, it rises so we are seeing now that ETH has followed, actually there is no special with ETH and this is just a normal pump after being dump due to the panic of the pandemic. Bitcoin seems to be doing great right now, the uptrend continues and altcoins will surely follow.

Fact, not only ETH rise today.

top gainers here from top 100 (including ETH) - soure cmc

legendary
Activity: 2758
Merit: 1004
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not only ethereum, I think this is due to an increase in the price of bitcoins to the level of $ 7k. besides, this is very good news for owners of bitcoin and ethereum. however, recovery continues to this day. this might be due to the halving day coming soon, and also ethereum 2.0.
sr. member
Activity: 2394
Merit: 267
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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 don't see it having any possibility of a trap, and as the pandemic has now starting to supress these days I believed this progress is a great way to cope up the previous fall down. However, we should be more vigilant until the perfect recovery will soon correct every minutes price outbreak.

something that should also be thankful for in an epedemic corona and the economy is not good, ethereum gets up and continues to walk to the best place. today starts with $ 162 and touches $ 172, but unfortunately falls back to $ 170. hopefully this is not a bad sign for ethereum. I agree with you we still need to be vigilant until a more perfect recovery, and hope bitcoin will stimulate to encourage the increase so that it also affects ethereum.
hero member
Activity: 2338
Merit: 953
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Not sustainable so fast, I would say,,, UNLESS it is followed by another 30% in the next week to push it above $200, and then recover even more to gain $240, which is where it last was before the crash, by the point of bitcoin halving. Very possible, I would say, in this scenario, to see even $300 but everything relies on BTC.
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