Ethereum (ETH) on Its Way to $2,100, Top Trader Says ! - page 5.

Abiky

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Quote from: Tony116 on August 14, 2022, 10:00:08 PM

The distance is not too far from the current price, no need to listen to anyone's predictions, we can see the possibility of this happening almost certainly. However, I have a hunch that the bull run will probably be over when the ETH merger is completed, bitcoin and the market will correct themselves after that. So those who are intending to buy ETH now be careful or we will lose, a lot of people will take profit on ETH at this price.

$2.1k is right around the corner. But I doubt ETH will be able to retain that price if Bitcoin is still in "bearish mode". I'd say, the current "pump" is only because of the PoS hype. Whales are making their moves in order to cash out from the upcoming upgrade. Even though ETH will change its consensus algorithm from PoW to PoS, there won't be any reduction in gas fees because the Blockchain itself still has a heavy network load.

Only scaling the main chain itself, would bring "tangible" benefits to end users. There are even talks about launching a POW fork of the ETH blockchain when we already have Ethereum Classic (ETC). It's all about money, so I wouldn't be surprised if ETH explodes after the upgrade only to go all the way down the drain a few days later. Just my thoughts Grin

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Quote from: Dr.Osh on August 14, 2022, 12:30:21 AM

the range he predicts is, bitcoin price will reach $26k, and ethereum will reach $2.1k, well, personally, I also feel that way, in fact, no need to think about an expert's analysis if only that range. basically, the range is very close to the current price, in fact I feel that it could happen at any time. it only takes a few price increases to reach that price. other than that, I think that the potential for bitcoin and ethereum price hikes could go even higher than that. this is just speculation, however, if a bull run occurs, it is very likely that the price of bitcoin could exceed the price of $26k, and ethereum will follow its price increase with a price that is most likely higher than $2.1k. it depends on how high the price of crypto will go up in the future.

The distance is not too far from the current price, no need to listen to anyone's predictions, we can see the possibility of this happening almost certainly. However, I have a hunch that the bull run will probably be over when the ETH merger is completed, bitcoin and the market will correct themselves after that. So those who are intending to buy ETH now be careful or we will lose, a lot of people will take profit on ETH at this price.

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Quote from: tokyohd on August 11, 2022, 10:05:09 AM

Scott Redler, chief strategist officer at T3 Trading Group, argues that the price of Ethereum (ETH) is on course to hit the $2,100 level. If Redler is correct, his bullish price target means that the second largest cryptocurrency is on track to spike by another 10%.

The technical analyst is confident that the second largest cryptocurrency may march higher after it recently cleared the $1,792 level. Holding above that pivotal price point could subsequently open the door to the $2,100 level. In addition, Redler believes that Bitcoin is on its way to reclaiming the $26,000 level. Ethereum recently experienced a significant relief rally in the run-up to the highly anticipated Merge event. Goerli, the last of the three testnets, successfully transitioned to proof of stake earlier today, which was the final test before the Ethereum mainnet finally merges with the Beacon Chain in September. Leading cryptocurrencies also benefited from cooler-than-expected inflation data, together with U.S. stock and bond prices.

Read more on U.Today
https://u.today/ethereum-eth-on-its-way-to-2100-top-trader-says

The cause for ETH's pump is non other than the upcoming merge to Proof-of-Stake. I don't get why there's a lot of hype with this, since we've already had PoS coins in the past (way before ETH announced it). Whales might pump ETH's price to $3k if the whole market turns bullish as a result. For early holders of ETH like myself, this is a great opportunity for profit. Yet, a high-priced ETH will only reduce people's ability to run their own validator nodes when the network transitions to PoS.

I know there will be staking pools letting you to stake less than 32 ETH, but you wouldn't be directly supporting the network's consensus this way. Only those that are running validator nodes will get a big piece of the pie. ETH seems to be heading towards a path of centralization (especially when some "dApps" decided to blacklist addresses that were tied to the Tornado.Cash mixing protocol), so I guess BTC will be the only choice left for us to achieve true censorship-resistance and decentralization. Just my opinion

RussianEnglishTranslation

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Quote from: X-ray on August 14, 2022, 06:48:48 AM

FOMO before merged has not yet come. Once it was coming and it's likely ethereum will break another high price again. It may take a few days for ethereum to be able to achieve such rate. Bitcoin is going to be bullish again until mtgox's case that may give bitcoin a huge correction to the bottom. Im optimistic if there would be another dump to come very soon once people received their own portions from bitcoin mtgox. This would be another big bet for people. Longing ethereum is still good for now.

I'm going to be a contrarian here and say that I think the merge is already priced in and when the staked ETH is finally unlocked 6-12 months from now, there will be a huge dump. Don't fall for the hype. I invest in projects that actually scale Ethereum, like IMX, ICP, and MATIC.

X-ray

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FOMO before merged has not yet come. Once it was coming and it's likely ethereum will break another high price again. It may take a few days for ethereum to be able to achieve such rate. Bitcoin is going to be bullish again until mtgox's case that may give bitcoin a huge correction to the bottom. Im optimistic if there would be another dump to come very soon once people received their own portions from bitcoin mtgox. This would be another big bet for people. Longing ethereum is still good for now.

yurez

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Quote from: tokyohd on August 11, 2022, 10:05:09 AM

Scott Redler, chief strategist officer at T3 Trading Group, argues that the price of Ethereum (ETH) is on course to hit the $2,100 level.

Ethereum is likely to overcome $2100 in the coming days as the fomo effect continues. After the switch to PoS, the hype will decrease and the price will probably correct, but in the future the value of the coin will most likely increase due to the new deflationary model.

Dr.Osh

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the range he predicts is, bitcoin price will reach $26k, and ethereum will reach $2.1k, well, personally, I also feel that way, in fact, no need to think about an expert's analysis if only that range. basically, the range is very close to the current price, in fact I feel that it could happen at any time. it only takes a few price increases to reach that price. other than that, I think that the potential for bitcoin and ethereum price hikes could go even higher than that. this is just speculation, however, if a bull run occurs, it is very likely that the price of bitcoin could exceed the price of $26k, and ethereum will follow its price increase with a price that is most likely higher than $2.1k. it depends on how high the price of crypto will go up in the future.

5W-KILO

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I don't care, I believe the best time to buy coins and tokens is when BTC loses up to 80% of its value, are you expecting BTC to go zero before you start buying? People and high expectations, be smart and always do the opposite of what people are saying, most times they are always doing the wrongful.

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Quote from: romero121 on August 13, 2022, 08:07:12 PM

I came across this post. This is the reality happening with the market. Is this out of panic or people just don't believe in the growth. Now the price of ethereum have bounced higher than bitcoin. Maybe this can be the bottom and no now users who missed the opportunity starts regretting. I believe the profiting happens when you buy at the right moment than selling.

No doubt. People are rushing to buy ethereum once it was hitting more and more higher price. That's panic buying. People were thinking so much to buy when the price was still at the bottom but this time they have are trying to accumulate more. It's must be caused by their mindset that makes them all think buy at the bottom is very risky.

inthelongrun

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So Merge will most likely going to happen. Not 100% but considering the success of the recent tests says it all. I used to reserve some ETHs for this POS thing. It took a lot of time though which is finally going to happen next month. And I made a very bad decision selling most of my ETHs a few years ago before the whole crypto market started to bounce back. There is still time to accumulate but it is not that cheap like before but still worth it IMO.

I'd been contemplating lately about starting to mine and ETH seems to be the fastest ROI in my country with expensive electricity. But it seems that this is goodbye mining for ETH.

romero121

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I came across this post. This is the reality happening with the market. Is this out of panic or people just don't believe in the growth. Now the price of ethereum have bounced higher than bitcoin. Maybe this can be the bottom and no now users who missed the opportunity starts regretting. I believe the profiting happens when you buy at the right moment than selling.

libert19

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I'm no pro trader neither can give accurate numbered prediction but can confirm it will keep rising till it's merge date Tongue

Yamifoud

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Not that fast but as this current momentum will play long, this gonna be possible despite the bearish condition. I know it was a little bit surprising having this rally but fortunately, ETH and BTC had their pump and some of the altcoins. Likely those who have their ETH in their wallets seem happy with the trend. This is to give a sort of realization to those who rejected ETH while preferred to invest shitcoins, many people got paid off from their trust towards this project.

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Quote from: CuriousGeorge on August 13, 2022, 06:31:00 PM

Bitcoin hype was real but not for ethereum. I guess let's wait until the release of bitcoin mtgox and see what's gonna happen with the market. If so many holders from bitcoin mtgox wanna liquidate their bitcoin to the market and be careful a significant dump may come very soon. It's going to the 2100 caused by bitcoin was increasing steadily since last week but let's see how long this will be going on. Im bearish with the release of bitcoin mtgox.

I don't see the coins of Mt. Gox having an effect on the market, if it is then it will be just short term. As far as Ethereum, it has broken that $1,900 barrier for x times already. And maybe what I'm thinking is that if bitcoin breaks $25k and maintain it, then Ethereum will reach $2,000 or higher because of the merger. So we will have to see, everything seems to be very positive for now, all coins are green and seems to be bullish in short term.

CuriousGeorge

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Bitcoin hype was real but not for ethereum. I guess let's wait until the release of bitcoin mtgox and see what's gonna happen with the market. If so many holders from bitcoin mtgox wanna liquidate their bitcoin to the market and be careful a significant dump may come very soon. It's going to the 2100 caused by bitcoin was increasing steadily since last week but let's see how long this will be going on. Im bearish with the release of bitcoin mtgox.

CapGelatik

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Ethereum is going to go to $2100 and it's just a matter of time!,
Ethereum has really grown into a very good and very amazing platform right now,
reminiscent of Ethereum back in 2017, and I'm sure if Gas gets cheaper then the ecosystem will grow.
im bullish for Ethereum from now!

Hypnosis00

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Quote from: Gayong88 on August 12, 2022, 07:58:43 AM

I think Ethereum could experience a big price spike as some other analysts also assume that basing this prediction on the technical and fundamental analysis of the cryptocurrency. If Redler's target price is seen by Ethereum (ETH) investors as a bit too bullish, his claim that what we're seeing in this market is "amazing," seems right on target especially as Ethereum merges September 15-16.

The merge announcement seems to attract more investors and believers of ETH making the spike in the price shown up. It was not surprising anyway but I never expect a huge pump leaving Bitcoin at low as probably Bitcoin will be able to move as well.
Those who bought ETH at lower prices seem to be excited about what happens next.

Well, as I've checked the CMC now, it looks like the spike were able to continue moving closer to $2,000.

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Quote from: onecall123 on August 12, 2022, 02:39:04 AM

Following the news, and hypes, I predict Ethereum's market will start pumping. Likewise, I agree that it will fall after Ethereum merges. An event where you buy the rumor and sell the news. The Ethereum price will crash hard next month when the 2.0 goes live, much like Cardano last year when it pumped before it launched mainnet and then crashed afterward. All the way through the event, I'll be buying more, but I'll be sure to my return.

I do fully agree that there is a good chance people will end up with a great deal of trading based on the news and that is definitely something that we should be careful about. You can't just make a big deal out of news because that doesn't mean anything at all, it is just news and we shouldn't be trading based off that.

We should be seeing what it does and that’s how we should be making profits. Real things come with real trades and real increases, just a rumour or news would not make it good or better, it would cause it to inflate for a while but then quickly go back down right away. Hence, it is the best thing to make sure that you know what you are doing instead.

Gayong88

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I think Ethereum could experience a big price spike as some other analysts also assume that basing this prediction on the technical and fundamental analysis of the cryptocurrency. If Redler's target price is seen by Ethereum (ETH) investors as a bit too bullish, his claim that what we're seeing in this market is "amazing," seems right on target especially as Ethereum merges September 15-16.

ItsCrafty

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Quote from: ?? on ??

This is good news for ethereum lovers. The lyrics by famous people will of course have an effect on the coins in the future. But for ethereum there is no doubt, ethereum in recent years has always been the best utility coin in the world. I think ethereum deserves to be the best after bitcoin.

Yeah It’s not a bad time to invest in Etherium. I’ve bought much higher. It’s a good time to buy a little. Wait for awhile and see how it goes. Many are saying we’re going to have another large drop eventually but who really knows. I’d get in before the whole Ethereum switch over happens for sure. I think they are saying possibly September for that? The price should go up after the fork

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