ETH we can expect big move - page 4.

apaben

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Quote from: Wahyuihib on November 07, 2021, 10:34:50 AM

Quote from: yohananaomi on November 07, 2021, 09:54:44 AM

Quote from: crzy on November 05, 2021, 04:03:05 PM

Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

This could be a good prediction and possible to happen before the year but of course we should not expect that much on this.
ETH already made a new ATH, so technically waiting for the next ATH is another thing and we might see it this Month so better to have ETH now. The only problem is the fees, I can't transact with ETH every time its price going up, hopefully they can solve this problem.

it seems that what you are talking about is the ethereum fee which is still high up to now, will it be possible to fix it if the ethereum price is getting higher? Of course this will have its own problems, where if the price is high it will have an impact on all transactions. is it possible that ethereum is willing and trying to improve so that costs can be reduced !!!

ATH $4,674.90 - Nov 03, 2021 ethereum has been created and is currently most likely to make another upgrade and could form renewable ATH either today or in the next few days. ethereum is indeed in the process of continuously improving itself, and it is likely that by the end of this year the achievement of ethereum will be higher and it is not impossible that $10K will be achieved.

That's right.. When talking about the increase in the price of eth, it has experienced a very impressive increase. from the beginning of 2021 until when eth continued to experience ATH. However
The magnitude of the problem of transaction fees has not yet yielded maximum results. because the higher the price of eth, the higher the cost that we have to spend for transactions

the number of transactions makes ethereum only serve the main fee with high fees first because it is too dense. for me BNB can be just as rich as ethereum with high costs, BNB is still only at 600$ so your assumption is still cheap, if ethereum and BNB are the same price of 4500$ maybe all costs will be the same expensive. I suggest stocking BNB now before BNB continues to soar, the transaction fee exchange rate will be expensive someday..?

Oceat

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Quote from: aylabadia05 on November 07, 2021, 11:13:12 AM

Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

To be able to reach the price of $ 10,000 by the end of this year, I think there is still a lot for Ethereum to do even though the current Ethereum movement condition is quite good. It is possible that the market trend will change and Ethereum will fall again even though the current Ethereum price has reached $4.6k or it will not reach the price you expected.

I think OP is basing ETH chart like how Bitcoin chart moved in the past but in reality ETH won't work like that. If Ethereum would have a lot of investors then it surely gonna touch that $10k before the end of the year. But sadly, Ethereum and other altcoins will only pump if Bitcoin pump too or having a bull run and I think it would take some time before Bitcoin make its move to break another ATH. Then most altcoins will surely follow especially ETH but it depends on how much further Bitcoin would pump until the correction.

Maybe $5k or $6k is enough for ETH this year or so if Bitcoin going to push through $70k to $100k

aylabadia05

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Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

To be able to reach the price of $ 10,000 by the end of this year, I think there is still a lot for Ethereum to do even though the current Ethereum movement condition is quite good. It is possible that the market trend will change and Ethereum will fall again even though the current Ethereum price has reached $4.6k or it will not reach the price you expected.

Wahyuihib

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Quote from: yohananaomi on November 07, 2021, 09:54:44 AM

Quote from: crzy on November 05, 2021, 04:03:05 PM

Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

This could be a good prediction and possible to happen before the year but of course we should not expect that much on this.
ETH already made a new ATH, so technically waiting for the next ATH is another thing and we might see it this Month so better to have ETH now. The only problem is the fees, I can't transact with ETH every time its price going up, hopefully they can solve this problem.

it seems that what you are talking about is the ethereum fee which is still high up to now, will it be possible to fix it if the ethereum price is getting higher? Of course this will have its own problems, where if the price is high it will have an impact on all transactions. is it possible that ethereum is willing and trying to improve so that costs can be reduced !!!

ATH $4,674.90 - Nov 03, 2021 ethereum has been created and is currently most likely to make another upgrade and could form renewable ATH either today or in the next few days. ethereum is indeed in the process of continuously improving itself, and it is likely that by the end of this year the achievement of ethereum will be higher and it is not impossible that $10K will be achieved.

That's right.. When talking about the increase in the price of eth, it has experienced a very impressive increase. from the beginning of 2021 until when eth continued to experience ATH. However
The magnitude of the problem of transaction fees has not yet yielded maximum results. because the higher the price of eth, the higher the cost that we have to spend for transactions

yohananaomi

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Quote from: crzy on November 05, 2021, 04:03:05 PM

Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

This could be a good prediction and possible to happen before the year but of course we should not expect that much on this.
ETH already made a new ATH, so technically waiting for the next ATH is another thing and we might see it this Month so better to have ETH now. The only problem is the fees, I can't transact with ETH every time its price going up, hopefully they can solve this problem.

it seems that what you are talking about is the ethereum fee which is still high up to now, will it be possible to fix it if the ethereum price is getting higher? Of course this will have its own problems, where if the price is high it will have an impact on all transactions. is it possible that ethereum is willing and trying to improve so that costs can be reduced !!!

ATH $4,674.90 - Nov 03, 2021 ethereum has been created and is currently most likely to make another upgrade and could form renewable ATH either today or in the next few days. ethereum is indeed in the process of continuously improving itself, and it is likely that by the end of this year the achievement of ethereum will be higher and it is not impossible that $10K will be achieved.

dragonvslinux

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Quote from: bitgov on November 05, 2021, 06:51:38 PM

From the preliminary calculations it turns out that in order for ETH to reach the price above $10k, it would have to surpass BTC capitalization.
It seems to me that it is not possible for ETH to jump over the king anytime soon.

Not quite no. If Ethereum reached $10K but Bitcoin reached $130K for example, then it'd still be around around 0.07 BTC per ETH. Bitcoin would have to remain at the same price for this calculation to work. If BTC were 6 figures Ethereum would then need to be worth around $20K in order to re-tests highs of 0.14-0.16 BTC, that would be close to same market capitalization.

This is personally why I find $10K to be a low target, as if Bitcoin is targeting 6 figures, then Ethereum would reach $10K by simply keeping up.
Personally I think BTC can reach $200K, while ETH can move 50% higher to 0.1 BTC and therefore be worth $20K, but in second place still.

goinmerry

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Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

A high forecast and I'm happy with your positivity. But on the realistic side, I think that won't happen.

By the end of the year, the ETH price will still be around the current price. If there's a big chance, an increase of $1,000 might be the closest possible thing to happen.

Soon ETH will reach that floor but not for now. Don't expect too much within a short timeframe.

bitgov

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Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

I thought so too a few months ago.
I was sure that before the Ethereum 2.0 launch, there would be a bull run and price skyrocketing.
Later, however, I looked at the capitalization of Bitcoin and Ethereum.
From the preliminary calculations it turns out that in order for ETH to reach the price above $10k, it would have to surpass BTC capitalization.
It seems to me that it is not possible for ETH to jump over the king anytime soon.

Quidat

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Quote from: GreatArkansas on November 05, 2021, 05:17:07 PM

I think OP missed the most important things happening on Etereum right now, Defi and NFT!

We all know how Defi and NFT affect the Ethereum network right now, like very expensive transaction fees. An additional thing that Ethereum's next big move is how they scale since a lot of people started to use alternative networks of Ethereum because of the transaction fee. I am looking forward on this too.

Some NFT's now are using or migrating on other blockchains which does have lesser fees and fast confirmations which i cant really blame

off projects on considering other options because of high fees which do really mainly affect on getting user base on said games.

ETH network is clogged up and network fees is too high.I dont know about possible pumps but they should solve up about scability issue.

tippytoes

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Quote from: GreatArkansas on November 05, 2021, 05:17:07 PM

I think OP missed the most important things happening on Etereum right now, Defi and NFT!

We all know how Defi and NFT affect the Ethereum network right now, like very expensive transaction fees. An additional thing that Ethereum's next big move is how they scale since a lot of people started to use alternative networks of Ethereum because of the transaction fee. I am looking forward on this too.

Defi and NFT are just few reasons why ETH can keep afloat despite of the still high gas fees under their network. As we can see, the latest fork has not affected their gas fees yet. A lot are waiting for the fees to go down because it is not really favorable to small traders. So it is understandable, that some developers are exploring their alternatives like in BSC, DOT, SOL and others, offering them very competitive fees. Once we see the gas fees in eth going down, I have the feeling that some of these users will go back to eth and the price may eventually continue to rise.

GreatArkansas

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I think OP missed the most important things happening on Etereum right now, Defi and NFT!

We all know how Defi and NFT affect the Ethereum network right now, like very expensive transaction fees. An additional thing that Ethereum's next big move is how they scale since a lot of people started to use alternative networks of Ethereum because of the transaction fee. I am looking forward on this too.

crzy

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Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

This could be a good prediction and possible to happen before the year but of course we should not expect that much on this.
ETH already made a new ATH, so technically waiting for the next ATH is another thing and we might see it this Month so better to have ETH now. The only problem is the fees, I can't transact with ETH every time its price going up, hopefully they can solve this problem.

Stedsm

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Don't believe too much on your predictions as they may hurt.
I'd never say what you said for ETH, because there are many things to note which stop ETH from going high:

Centralised cryptocurrency
ETH can never fly high like BTC as it is being run by a person who governs everything in it and there is no governance in the hands of people.
Extremely high fees
Its fees are highly unmatched with almost any crypto (/s) and paying such high fees to get our money sent to exchanges like uniswap, for not missing the buying opportunity in an IDO or even a token that's listed there, is not something I'd like to do at any cost.
Scalability issues
Even after sending it with high fees, are you rest assured that your transaction will go through? And even if it does, what's the guarantee that it'll be instant after paying enough?

dragonvslinux

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Quote from: applepiger on November 05, 2021, 05:04:31 AM

I think it is not possible for the time being, the reason:
1. High gas cost
2. Layer2 has not yet entered a good state, many functions cannot be carried out
3. The eth2.0 merger and upgrade will be around the first quarter of next year
4. The number of people involved has not increased, and funds may be dispersed to other projects

However when we look more deeply in the useage and capital locked up in DeFi as well as NFT markets, there remains a considerable demand for Ether as a form of gas in order to power the Ethereum blockchain that hosts many gems such as Crypto Punks as well as lending/borrowing services and decentralized exchanges. There is an entire eco-system that continues to grow and therefore increase demand for ETH, with users who will happily pay $$$ in order to process transactions, even if most won't. Especially for the art/collectables digital market who love the idea of high costs for acquisitions.

Previously I did think other competitors have a chance or coming close to Ethereum as a blockchain, but in reality the amount of developers, users, applications and use cases for Ethereum goes well beyond so-called "Ethereum killers". I think ETH still has a lot of potential towards $10-20K, but at the same time, may well lose a bit more Bitcoin value before getting there and challenging 0.1 BTC per ETH.

coco23

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Quote from: applepiger on November 05, 2021, 05:04:31 AM

I think it is not possible for the time being, the reason:
1. High gas cost
2. Layer2 has not yet entered a good state, many functions cannot be carried out
3. The eth2.0 merger and upgrade will be around the first quarter of next year
4. The number of people involved has not increased, and funds may be dispersed to other projects

These are all valid points, but when/if the hype starts then those points will not matter that much. If we see an Altcoinrally in the next months than the mentioned price targets can be reached easily. If there is no general market rally, ... well then ETH will need the fundamentals for a price increase which will also probably only happen over a longer time period...

Silberman

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Quote from: suryogandul on November 03, 2021, 01:02:31 PM

Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

being $10K is an easy target, I see ETH will be able to reach that target in the near future. just waiting for the burning effect to have a big effect in the long term or only temporarily for the ETH market

It depends on how much you are giving ethereum to reach that price, while its price could be reached during the current bull run we need to wonder how long that bull run is going to be? If we only have a few months left it could be possible for ethereum to reach that price but it will be a challenge, however if we are in a super cycle caused by the economic uncertainty we are facing then the bull market could continue for years, and as such under that scenario it would be easy for ethereum to reach that price.

applepiger

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I think it is not possible for the time being, the reason:
1. High gas cost
2. Layer2 has not yet entered a good state, many functions cannot be carried out
3. The eth2.0 merger and upgrade will be around the first quarter of next year
4. The number of people involved has not increased, and funds may be dispersed to other projects

feelideb

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Ethereum has done big move already. I honestly don't believe ethereum might hit $10k this year as the year is winding up. If bitcoin continue to rise, ethereum will maintain it's current price and possibly trade sideways. But if bitcoin start to fall in price, ethereum will follow suit and it could even fall drastically!

imamusma

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Quote from: smartaction on November 04, 2021, 10:07:58 PM

ETH already start moving but it can move till $5000. But if more Ethereum is burned. Then it will one day be able to be as valuable as Bitcoin. Burn always affects the price and attract the investors to invest

I'm not sure that one day the price of Ethereum will be the same as the price of Bitcoin, because Bitcoin can always affect the prices of other Altcoins while Altcoins can't, so any Altcoin will be very difficult to catch up with Bitcoin prices in the future, because Bitcoin is not a coin that just keep quiet.

darahjuang

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Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

~
My forecast is ETH can be 10000-13000$ end of the year.

I can say that whether or not Ethereum is reached at the price of $10,000 really depends on the condition of Bitcoin. If the Bitcoin movement conditions continue to grow well in the market, then the opportunities for Ethereum and other coins will also be good. But I'm not sure if Ethereum will hit $10,000 by the end of the year.

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