ETH Sentiment Poll for June - page 3.

ven7net

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Quote from: tokeweed on June 02, 2022, 10:56:18 AM

Just like the BTC sentiment thread that I've been doing every month, I'd like to know what the guys who are mostly into altcoins are feeling with the market right now. But we'll mostly be talking about the top altcoin Ethereum.

So yeah, with the merge being postponed again from July to September, what do you guys think will happen? Will there be another postponement? How will it affect the price? Will 1700 - 1800 range hold or do we see another drop? I'm really curious what you guys are thinking rn.

As we can see, the price of ETH went down, which means that the information about the postponement of the merger was not in vain. Probably someone knew that the market was waiting for a collapse. But as I personally think, we are now witnessing a global market decline, which indicates that the next cycle ended in winter and a new cycle began, and at the beginning of each cycle, the market always went down and this fall will be protracted.

peter0425

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Sadly? Ethereum now drops hard now with Negative 27% and staying at 1,300$ in which really frustrating to all of us(who supports ethereum)

https://coinmarketcap.com/currencies/ethereum/

I also feel bad because all the funds i reserved is for Bitcoin as i did not see this coming , now all my EThereum will be kept long and will add no more as I have no extra funds for re investing .

romero121

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The price have fallen low to the price mentioned on the polling. In the last 24 hrs the price of ethereum have fallen low reaching around $1436. This fast downward move will keep the market in high volatility. Maybe this can move between $1400 - $1600 for some time period. Massive price correction can happen, before which the price can fall even lower to the current low price. Now it has bounced above $1500.

Wilhelm

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Quote from: 0verseer on June 11, 2022, 11:55:28 AM

Quote from: tokeweed on June 11, 2022, 08:16:34 AM

Aaand it's gone. :/ 1700 breached yesterday, was hoping it would go back above it today, but no... Went for the worse outcome and dropped some more to a daily low of 1545 and looks likely it's staying around that range with some possbility it could go down more over the next weeks. This market is def spooked and it's only getting worse. Stay safe guys. Pick your spots when everything is a bit less volatle.

Fear/bearish market is the worse. A small change in the stock market with enough bad news can crash the crypto market right away. Just 10 days in and we've broken the $1500 price range. I vote yes, ETH will go down, over the 1700 - 1800 range but didn't expect it was this fast.

It's actually the best. Only problem is wanting instant gratification and greed.
Even if ETH goes down more, the fundamentals and second highest marketcap say it will survive and recover.
Returning to $4800 is a pretty low risk bet and a minimum 3X profit in at most 4 years.
If coin creation is capped by 90% after the merge it's another 8X on top making a 24X profit possible.

Mame89

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Quote from: Captain Corporate on June 05, 2022, 06:19:07 PM

If the price range was a bit further off, then I would be able to say no clearly, I still said no but I believe that when the price is 1815, and the question "will it be under 1800", that could happen in 2 minutes, like at any moment right now. This is why I am not entirely sure if that would be a good idea or not to actually say it won't drop that much. If the question was 1500 for example, I would say that no it would not go under that, it looks quite low for what it is right now and the price would be great, but at the end of the day, we are going to end up seeing 1800 or under at certain times for sure.

2018 bear season forced to lower to -90% more altcoins. like ETH last year after the bull season finished from 1400$ all the way to 85$ what percentage of the decline was in bear season which surprised all investors and on the other hand a great time to take over buying for the 85$ bottom price moment. I think ETH could still go down in the current year, although no one knows what low it will hit.

0verseer

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Quote from: tokeweed on June 11, 2022, 08:16:34 AM

Aaand it's gone. :/ 1700 breached yesterday, was hoping it would go back above it today, but no... Went for the worse outcome and dropped some more to a daily low of 1545 and looks likely it's staying around that range with some possbility it could go down more over the next weeks. This market is def spooked and it's only getting worse. Stay safe guys. Pick your spots when everything is a bit less volatle.

Fear/bearish market is the worse. A small change in the stock market with enough bad news can crash the crypto market right away. Just 10 days in and we've broken the $1500 price range. I vote yes, ETH will go down, over the 1700 - 1800 range but didn't expect it was this fast.

onecall123

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Activity: 2156

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But the trouble is continuous, as 1 ETH = $1,510.

Ethereum markets are experiencing difficulties right now, losing 10% of their value in the last 24 hours. Ethereum's depreciation had been pushed down to $1510 due to inflation and macroeconomic factors. A low was reached exactly on March 22. It might be a good idea to wait for more incoming dumps to invest or to DCA!

Wilhelm

legendary

Activity: 1652

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I was looking at google trends for Bitcoin and ethereum.
To my surprise there is massive interest in ethereum from china and hardly any interest in Bitcoin.
There is something big going on in China around ethereum.
Maybe it's the miners or something else that will be explosive Huh

tokeweed

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Aaand it's gone. :/ 1700 breached yesterday, was hoping it would go back above it today, but no... Went for the worse outcome and dropped some more to a daily low of 1545 and looks likely it's staying around that range with some possbility it could go down more over the next weeks. This market is def spooked and it's only getting worse. Stay safe guys. Pick your spots when everything is a bit less volatle.

tokeweed

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Ropsten testnet has successfully merged to the beacon chain and it has now transitioned to proof of work. So yeah... A couple of testnets more then mainnet is next.

As for how the ETH market reacted on the testnet merge, nothing much. I think the mainnet merge is too far off for the market to ger hyped for it and start buying up. We'll see by the third testnet merge. That should happen in around three months with mainnet merge around December?

Johnyz

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Quote from: kotajikikox on June 06, 2022, 12:48:10 AM

even if this will not happen this June yet I am sure this drop will come this year so I voted for Yes mate , I know that there are some news that may bring Ethereum increase but still we are in bearish years and not until the Halving season comes close there are so many dumping that will come so better be aware and better be ready so you wont miss the trouble in coming months .

and the Votes itself says it all , with majority is pointing to more dropping ?

The drop are more possible if Bitcoin price drops again, for now we are holding into a good trend and this might continue especially if the resistance broke and that’s a good time to pump again. Keep buying ETH at a cheaper price because this is still a good coin, and we know how much is the peak price, that can also happen again in the future so better to have more holdings by that time.

Mame89

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Quote from: sunsilk on June 06, 2022, 03:51:29 AM

I'm still unsure if this is the dip. It could even go lower as the date approaches but if I'm planning to have ETH, I'll just DCA it and if I have money I'll buy.

And if drops some more, as I DCA, I'll have more again if it reaches another lower price. No matter what the decision will be, postponed or not, I'll still take this with my pocket together with bitcoin.

I'm not a fortune teller, but the loop of time keeps repeating itself. November of every year is always associated with recovering from a bear market. so I think the ethereum altcoin might still be able to go down to 1500.400.1300 and it will take a long time to reach November this year, yes there is still a little more decline that I expect tomorrow.

tokeweed

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^ Yup, I or anybody really can't say you're wrong there. But the 1700 - 1800 range has been holding well so far as support. But for how long and how strong... Nobody really knows. One thing I could say is if the merge happens and nothing goes wrong, I think we'll start seeing ETH staying above 2000 or even 3000 and not go back down.

And btw, the first test for the merge is happening in 30 mins!

https://wenmerge.com/#ROPSTEN

Cross your fingers and hope nothing goes wrong so we get to be a step closer for the real merge by year end.

sunsilk

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I'm still unsure if this is the dip. It could even go lower as the date approaches but if I'm planning to have ETH, I'll just DCA it and if I have money I'll buy.

And if drops some more, as I DCA, I'll have more again if it reaches another lower price. No matter what the decision will be, postponed or not, I'll still take this with my pocket together with bitcoin.

Inspiron14

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Quote from: Republikcoin.com on June 05, 2022, 06:37:45 PM

Quote from: kesmex on June 05, 2022, 11:55:14 AM

I think it all depends on the price of Bitcoin, currently the bitcoin price is above $30000 again,
this is a good sign to start bullish, but I remember, it's the weekend,
so manipulation can happen in Bitcoin price and altcoins will certainly follow it, including Ethereum,

Bitcoin price is still at $30k and even below at the moment, and that's not a sign to start bullish again in the market as the price movement of each coin has not been very visible at the moment including Ethereum and several others. Currently the market conditions are not in a very good condition, because the decline is still frequent and the price increase only occurs in a very small size.

Yes it's true and better don't get your hopes up for a bull to happen in the near future,
So far there has been no sign of a bullish season and we need to be patient for that,
The most important thing is to just follow the progress and we'll see

slaman29

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Quote from: Captain Corporate on June 05, 2022, 06:19:07 PM

If the price range was a bit further off, then I would be able to say no clearly, I still said no but I believe that when the price is 1815, and the question "will it be under 1800", that could happen in 2 minutes, like at any moment right now. This is why I am not entirely sure if that would be a good idea or not to actually say it won't drop that much. If the question was 1500 for example, I would say that no it would not go under that, it looks quite low for what it is right now and the price would be great, but at the end of the day, we are going to end up seeing 1800 or under at certain times for sure.

Yeah it was just under 1800 yesterday but you're right it's kind of pointless to say whether or not it'll drop or if it does, how much it'll drop. Everything is just so hard to predict in crypto.

We can even talk about low point never breaking past the previous ATH as support (which makes $1400 the support) but we've all seen crypto surprise us again and again.

All I can say is, if it does fall below $1400, there will be all kinds of fear.

kotajikikox

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Activity: 2548

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even if this will not happen this June yet I am sure this drop will come this year so I voted for Yes mate , I know that there are some news that may bring Ethereum increase but still we are in bearish years and not until the Halving season comes close there are so many dumping that will come so better be aware and better be ready so you wont miss the trouble in coming months .

and the Votes itself says it all , with majority is pointing to more dropping ?

adaseb

legendary

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I already said pretty much the same thing in the Bitcoin sentiment thread over in the speculation section of bitcointalk.

Ethereum performance in June will be mostly correlated with Bitcoin and bitcoins will be correlated with the stock market. This week we got an important CPI date. This is important because we will see if the fed rate hikes are helping.

If they are not helping then more sells off in stocks and crypto due to even higher rate hikes and if they are lower then the opposite will be true.

Republikcoin.com

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Quote from: kesmex on June 05, 2022, 11:55:14 AM

I think it all depends on the price of Bitcoin, currently the bitcoin price is above $30000 again,
this is a good sign to start bullish, but I remember, it's the weekend,
so manipulation can happen in Bitcoin price and altcoins will certainly follow it, including Ethereum,

Bitcoin price is still at $30k and even below at the moment, and that's not a sign to start bullish again in the market as the price movement of each coin has not been very visible at the moment including Ethereum and several others. Currently the market conditions are not in a very good condition, because the decline is still frequent and the price increase only occurs in a very small size.

Captain Corporate

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Activity: 2086

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If the price range was a bit further off, then I would be able to say no clearly, I still said no but I believe that when the price is 1815, and the question "will it be under 1800", that could happen in 2 minutes, like at any moment right now. This is why I am not entirely sure if that would be a good idea or not to actually say it won't drop that much. If the question was 1500 for example, I would say that no it would not go under that, it looks quite low for what it is right now and the price would be great, but at the end of the day, we are going to end up seeing 1800 or under at certain times for sure.

Topic: ETH Sentiment Poll for June - page 3. (Read 543 times)