ETH/BTC Price Analysis - A Major Breakout is Coming?

bitkanu

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Quote from: int03h on April 08, 2021, 08:52:21 AM

ETH is growing very well because of its technical factors. The probable price for ETH is $ 3000. The increase in ETH price also leads to an increase in GAS price, if GAS price rises again at 400-600Gwei then it is truly a disaster for the traders above. Ethereum's AMM (DEX) platform.

It might happen a few days ago but this time the gas fees already reduced a lot and that needs around $9 to transfer ERC token and fewer fees applied when you wanna transfer ethereum.
I don't even think that caused by the technical factor as the update is not yet implemented and how can technical factor become the reason?

It's caused by bitcoin is growing so hard. That was making ethereum follow bitcoin at the same time.
It's not only ethereum but major break out is coming for the whole of crypto.

adaseb

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Quote from: Silberman on April 10, 2021, 11:29:15 PM

Quote from: leea-1334 on April 09, 2021, 06:05:22 AM

2500 in April sounds like a very reasonable target for me. That is just less than 20% above current prices and about 15% from current ATH, sounds very doable,,, I wonder if BTC will see the same 20% gain in April to go to around 71 or 72000? If so, then ETH/BTC will more or less be the same;)

It is because of this I am not so sure it is going to happen, the Berlin upgrade is just a few days away from happening and this should be bullish for ethereum so if the price is going to indeed go up then I expect a higher growth than that, now I do not think this kind of growth could be sustained long term but hype should take place in ethereum during this month and maybe even reach 3000 as I see the bitcoin dominance still going down as people prefer to concentrate in altcoins at the moment.

The ETH forks and upgrades never really had any effect on price really. If anything its going to be buy the rumor and sell the news. The only way it might get an effect on the price is maybe if its delayed which happened many times in the past.

Right now most altcoins are pumping like crazy and BTC is lagging which is not a good indicator. Its not good seeing LTC and XRP pumping this hard. It might lead to a market top for BTC and other cryptos. However we will see what happens next week. But if XRP keeps going all the way to $10 and LTC goes to like $1000 then I am pretty confident that $61K was the top and we will enter a bear market soon.

Silberman

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Quote from: leea-1334 on April 09, 2021, 06:05:22 AM

2500 in April sounds like a very reasonable target for me. That is just less than 20% above current prices and about 15% from current ATH, sounds very doable,,, I wonder if BTC will see the same 20% gain in April to go to around 71 or 72000? If so, then ETH/BTC will more or less be the same;)

It is because of this I am not so sure it is going to happen, the Berlin upgrade is just a few days away from happening and this should be bullish for ethereum so if the price is going to indeed go up then I expect a higher growth than that, now I do not think this kind of growth could be sustained long term but hype should take place in ethereum during this month and maybe even reach 3000 as I see the bitcoin dominance still going down as people prefer to concentrate in altcoins at the moment.

unusualfacts30

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2500 is a good target during April. Only thing that's holding eth back is high transaction cost but even with that it should have no problem hitting 2500 by the end of this month. Real price movement will probably come near their 2.0 update and that would be the best time to look forward to. There is a lot of interest in eth from big investors who were previously invested in btc and that alone can fuel the price to 2500.

int03h

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Quote from: tbterryboy on April 08, 2021, 02:20:56 PM

Quote from: int03h on April 08, 2021, 08:52:21 AM

ETH is growing very well because of its technical factors. The probable price for ETH is $ 3000. The increase in ETH price also leads to an increase in GAS price, if GAS price rises again at 400-600Gwei then it is truly a disaster for the traders above. Ethereum's AMM (DEX) platform.

I am not sure about 3k just yet, I believe that is definitely possible and the probably outcome but I think that will happen depending on how July gets a response. In July there will be a try for eip 1559 which will try to lower the cost of fee's for ethereum and if it can achieve and actually drop it? That will make ethereum 3k and even more, but if it fails then it will not only can't reach those levels but it will be even worse later on.

This is why I believe that July deal will have an impact either way and it is going to be very very important, I can't say that it is going to be easy neither it is going to be tough to get it done but if we can actually do it, that is going to revolutionize ethereum forever. After that we have eth 2.0 as well and it will make things easier there as well, it would give regular people a lot of power over miners too.

It's an upgrade, possibly fail or succeed. If they create upgrades and reduce dependency on miners. Ethereum has too many Dapps on it and the requirement is to maintain the necessary decentralization, to expand the blockchain to reduce costs and speed up transactions.
The worst-case scenario of the upgrade is a failure. I can't imagine what will happen after that.

leea-1334

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2500 in April sounds like a very reasonable target for me. That is just less than 20% above current prices and about 15% from current ATH, sounds very doable,,, I wonder if BTC will see the same 20% gain in April to go to around 71 or 72000? If so, then ETH/BTC will more or less be the same;)

tbterryboy

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Quote from: int03h on April 08, 2021, 08:52:21 AM

ETH is growing very well because of its technical factors. The probable price for ETH is $ 3000. The increase in ETH price also leads to an increase in GAS price, if GAS price rises again at 400-600Gwei then it is truly a disaster for the traders above. Ethereum's AMM (DEX) platform.

I am not sure about 3k just yet, I believe that is definitely possible and the probably outcome but I think that will happen depending on how July gets a response. In July there will be a try for eip 1559 which will try to lower the cost of fee's for ethereum and if it can achieve and actually drop it? That will make ethereum 3k and even more, but if it fails then it will not only can't reach those levels but it will be even worse later on.

This is why I believe that July deal will have an impact either way and it is going to be very very important, I can't say that it is going to be easy neither it is going to be tough to get it done but if we can actually do it, that is going to revolutionize ethereum forever. After that we have eth 2.0 as well and it will make things easier there as well, it would give regular people a lot of power over miners too.

int03h

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ETH is growing very well because of its technical factors. The probable price for ETH is $ 3000. The increase in ETH price also leads to an increase in GAS price, if GAS price rises again at 400-600Gwei then it is truly a disaster for the traders above. Ethereum's AMM (DEX) platform.

ethereumhunter

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Indeed. Ethereum now is trying to reach the next highest price. Maybe that will be $2,500 or more but I am sure that ethereum can be more than $2,500 this year. But I do not know if the price will surge after it reaches $2,000 or increase $2,100 this month because that will depend on the market situations. We still have time to buy and hold ethereum as we did with our bitcoin because ethereum still does not increase so high, so we need to use this chance to buy more ethereum.

hd49728

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Ethereum already broke out days ago so what did you imply break out here?

ETH/BTC chart (max time) and I will wait for months and open my eyes to take profit when Ethereum touches 0.08 BTC for one ETH. I can wait for months.

Exchange In/Outflow & Netflow and Ethereum exchange flows support more flourish for ETH. You need to sign up one account to access visual charts.

GreatArkansas

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Breaking the previous all-time-high of Ethereum is extremely a major breakout and a bullish too.
And addition to the fundamental part, the upcoming Berlin hard fork on this April 2021. That's why the upcoming days for Ethereum are very significant, we may see huge volatility from now on, especially since Ethereum is already staying above $2,000.

Argoo

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Good analysis of possible ethereum price movements. We already see that in terms of price growth, ethereum is already significantly higher than the growth of bitcoin. After successfully solving the problem of high transaction fees on the ethereum network, this coin should in any case grow significantly in value in the fall. I think that even its price of $ 3,000 by the end of the year, with the continued growth of the cryptocurrency market, will be quite real.

Slow death

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this section is to discuss about bitcoin, then move this thread to the Altcoin Discussion section

leaving my opinion on the subject:

altcoins are rising slightly just because bitcoin is calmer, but if by any accident the price of bitcoin dropped a lot now, the price of ETH would fall a lot.

that's why I think it's much better to do ETH - BTC price analysis

and do BTC - USD analysis

to realize that the price of ETH can be expected in the future

katrina2

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ETH has stabilized above $2,000 mark for about 4 days. At the press of time, ETH is trading at $2,100 slightly below the all-time high of $2,150, with the market cap spiking to more than $245 billion.

The upbeat DeFi industry (most of the DeFi platforms are built on Ethereum blockchain) and the NFTs (Non-fungible Tokens) stimulate the rally in ETH price. Further, more institutional investors have jumped to the ETH world, which make it possible that the bullish trend of ETH will continue.

ETH Technical Outlook - $2,500 will be hit in April
A look at the 4H chart, it shows that ETH price is consolidating between 2,000 - 2,120. MACD signal lines are in parallel and seem to form another gold fork again, while RSI indicator is trending within the bullish zone.

From the 1-day chart, we notice that ETH is trying to break above the upper band of Bollinger Bands and the 3 bands are trending different directions which means ETH price will be in consolidation for a short-term. However, both the MACD and RSI indicators are giving us bullish signals.

Therefore, we predict that ETH price will soon breakout as bulls target the first resistance at $2,200 and then followed by $2,500.

Key Support Levels: $2000, $1950, $1840.
Key Resistance Levels: $2100, $2200, $2350.

Topic: ETH/BTC Price Analysis - A Major Breakout is Coming? (Read 190 times)