Ethereum has been stuck around $3200 for quite some time

poodle63

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Quote from: Dunamisx on May 03, 2024, 09:17:50 AM

This is not about seeing Ethereum being stalked, if we look more closely on other crypto markets, we should be able to bring out something to say from how we have seen a bear market few days back, which could also means that not only Ethereum was affected in this, but the whole crypto market has been on it the same way as many others, if we can have bitcoin close to $70,000 and above, we are going to see Ethereum rising above $4,000 as well.

surely, but if the ETF doesn't turn out to be good, the price of ethereum might further stagnate even worse declining though, the fact that ethereum hasn't hit an all time high level of the previous bullrun is kinda worrisome at certain extent but i'm sure that it will some day anyway when bitcoin climbing back up to $70k as you say.
though I guess the reason why ethereum isn't as dazzling as bitcoin in term of growth might be due to the fact that there's new contender appear that might eats up eth market cap that is solana where its favoured by many people becasue the low gas fee despite the blockchain of solana itself so crowded it got outage on several occasions.
make me wonder if maybe its best to switch over to solana for investment since solana hasn't reaching as big market cap as ethereum, though maybe its just better to stay holding ethereum the restaking protocol thats currently trending is a good opportunity to make profit while holding anyway.

Dunamisx

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This is not about seeing Ethereum being stalked, if we look more closely on other crypto markets, we should be able to bring out something to say from how we have seen a bear market few days back, which could also means that not only Ethereum was affected in this, but the whole crypto market has been on it the same way as many others, if we can have bitcoin close to $70,000 and above, we are going to see Ethereum rising above $4,000 as well.

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Quote from: batang_bitcoin on April 28, 2024, 10:38:11 PM

Quote from: salad daging on April 28, 2024, 02:37:14 PM

Ethereum ETF is not so popular in the media although if I'm not mistaken Hong Kong will be approved, low fees should be good news for those who do Ethereum transactions but it doesn't push the price up and there is no better news because the market is like this for me not only Ethereum but all coins experience the same thing where it becomes stagnant.

There is no news yet about Ethereum ETF in Hong Kong but with most of the rumors that I've read, many seem to be negative with it and they're not going to approve any of it anytime soon. They have delayed it for some reasons but it seems that it's not going to be approved then.

Quote from: salad daging on April 28, 2024, 02:37:14 PM

I feel Ethereum how can it follow the bitcoin price trail when there is a pump then the price will go up both ways, there is no resistance in terms of increase because that's what I was looking at some time before.

Soon, it's going to follow Bitcoin's move but we don't know, maybe on the month of May we'll see a lot of actions.

I think if this report is right then it would be very difficult for users to get the profit that they're expecting from ETH. It's so unfortunate that we can't get the correct paper of news as couple of weeks ago news was spread around that ETF will be approved so people make up their mind of investing in ETH and now it's close to be a false news.

The reason behind that is we are in hands of big investors and what they want from us they get it. That's why we need users or small traders are so unlucky in trades.

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Quote from: jrrsparkles on May 02, 2024, 01:55:58 AM

The price trend heavily relied on still BItcoin's price, for now it's holding at 57K but IDK whether it will hold its resistance or we are yet to see the real correction post halving. I do read some of interesting technical analysis that says the price could even reach the range of 50K, if that's possible then surely the bloodbath on alts will continue too.

Looking at the chart, you can see that the Bitcoin price has broken through its support at $59-60K and is now testing this level from below, which has become a resistance level. And if we do not see a breakdown of this level in the near future, then we can expect that the price of BTC will move towards its new support, which is at the level of $53000.

Dunamisx

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With what is happening recently, we may not have to say or go with the statement of having any crypto stacked at the moment, since we already experienced a bear market recently and now the market are rising back as usual, we can have a change at anytime for the continuation of the bullrun as we see bitcoin getting closer back to $60,000 Ethereum will not be left out as well to perform it rises towards where it had always been before the bear market, and hence we begin to go further to achieving close to $4,000 with Ethereum market price and beyond.

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Dont worry mate because you will get what you are waiting in right time but for now better to keep your funds on hold like what we are doing because we cannot cater to sell for now , from the dumping market and also with the fee going crazy also .

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Quote from: jaberwock on April 28, 2024, 12:42:23 PM

Quote from: rodskee on April 27, 2024, 05:57:56 AM

Quote from: shanhaigamefi on April 26, 2024, 06:15:11 AM

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

If you posts this in bitcoin section then either it will be bring back here by moderator or
this will go in Off topic that for sure you will not like so better let it sit here forever.

and also how would you expect ethereum breaking its barrier when bitcoin even costing
more lower than ethereum? i mean the bitcoin price is falling badly now comparing to altcoins?

if you are a true affected in ETH movement then better to purchase more as it is cheaper
or you will regret not having this for a time now.

Maybe he didn't mean Bitcoin board but he mean this Bitcoin forum and I think he knows how to post it on that board or re-locate it, if he really wanted to but nope, he choose altcoin speculation board instead. Moving on... in the crypto market it's known that BTC controls everything but there are still times that some coin can move on their own, especially if people find something interesting on them like if they release a nice update. So why not? And maybe that is what he is after.

Not sure if what we are saying here is what Op tend to say but yeah let him post in any forum/section
he wanted because the admin will surely act if this is in the wrong board.

Quote

ETH have undergone a lot of updates but he is wondering if what is still missing for it to break new limits. If he is badly affected by the performance of ETH, then actually I don't think he will buy more but he might be thinking of selling his coin and transfer to a much better one.

the main problem in Ethereum network now is the high fee still and has been the issue for quite
some time now.
maybe the Dev should act on this accordingly , and another thing is that 3200 is just an easy
target for ethereum once the bull have arrived.

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Quote from: tvplus006 on May 01, 2024, 07:24:05 PM

Quote from: jrrsparkles on May 01, 2024, 03:06:51 PM

...About the price I feel it might go down further, at least $2600 that's what the one expecting to buy can take advantage of.

Those who wanted to buy ETH at a lower price can already initiate buying this coin in parts, as the price has dropped to $ 2800. And of course, you need to leave more stable coins so that you can still buy ETH if the price continues to decline.

The price trend heavily relied on still BItcoin's price, for now it's holding at 57K but IDK whether it will hold its resistance or we are yet to see the real correction post halving. I do read some of interesting technical analysis that says the price could even reach the range of 50K, if that's possible then surely the bloodbath on alts will continue too.

tvplus006

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Quote from: jrrsparkles on May 01, 2024, 03:06:51 PM

...About the price I feel it might go down further, at least $2600 that's what the one expecting to buy can take advantage of.

Those who wanted to buy ETH at a lower price can already initiate buying this coin in parts, as the price has dropped to $ 2800. And of course, you need to leave more stable coins so that you can still buy ETH if the price continues to decline.

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Quote from: Mate2237 on May 01, 2024, 02:03:19 PM

Quote from: jrrsparkles on May 01, 2024, 01:34:56 PM

$3000 range actually reached after long wait but now again back to red days simply due to the dump on the Bitcoin price. There maybe more red days are ahead so if you are an ethereum holder then it's time to accumulate more for less price.

Yes the red is great now. The price now is $2,769. and to buy is not the problem but the congestion and the high transaction is the problem and it has been long I visit the coin since my last purchase. so how is the transaction now? can we buy more ethereum with low transaction fee now? We can still wait small because the market is still going down,

TXs fees are quite higher compared to BNB and TRC networks but the fee is considerably lower and hanging around $1.5 which is acceptable though. About the price I feel it might go down further, at least $2600 that's what the one expecting to buy can take advantage of.

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Quote from: jrrsparkles on May 01, 2024, 01:34:56 PM

$3000 range actually reached after long wait but now again back to red days simply due to the dump on the Bitcoin price. There maybe more red days are ahead so if you are an ethereum holder then it's time to accumulate more for less price.

Yes the red is great now. The price now is $2,769. and to buy is not the problem but the congestion and the high transaction is the problem and it has been long I visit the coin since my last purchase. so how is the transaction now? can we buy more ethereum with low transaction fee now? We can still wait small because the market is still going down,

Quote from: jrrsparkles on May 01, 2024, 01:34:56 PM

Some of the altcoins that's supposed to be showing same growth is stopped due to the emergence of BNB, TRC and other chains are preferred for launching their token projects.

They are the once that disturbing the cryptocurrency market. I have said it before instead of those guys to launch projects that are not worthy to invest why can't they invest in bitcoin to make money.

jrrsparkles

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$3000 range actually reached after long wait but now again back to red days simply due to the dump on the Bitcoin price. There maybe more red days are ahead so if you are an ethereum holder then it's time to accumulate more for less price.

Some of the altcoins that's supposed to be showing same growth is stopped due to the emergence of BNB, TRC and other chains are preferred for launching their token projects.

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It is true that this has happened, but in my opinion this will not affect the future development of ethereum, because ethereum is an altcoin that has a very high market capitalization and popularity, so something like that will not affect its movement, it is possible that it will happen because there is a slight market correction, and I see so far no impact whatsoever on ethereum.

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Quote from: ajiz138 on April 27, 2024, 04:35:38 PM

Not only Ethereum but bitcoin is also stuck at the current price, but this is normal where the market becomes sentiment then other prices will also affect it, but believe when the market has started to show signs of recovery Ethereum will not be stuck again maybe all altcoins will be the same.

Because the market is still in correction it will be difficult to break the barrier, so what are your plans with ETH? Will you buy or sell or is there something else on your mind?

I see the whole market so it is still natural that some coins are still stagnant not just Ethereum.

I expected that after the price correction that took place recently, the cryptocurrency would go up. But for several days now, Bitcoin, Ethereum and other potential cryptocurrencies have been losing their value. Now Bitcoin has fallen to $57,287, and Ethereum to $2,887. The news writes that a possible reason for this drop is a failure in the US financial system and the expectation of high inflation. At the same time, before the next wave of growth, the cryptocurrency market always experiences a fall.
For now, we need to patiently wait for the situation to change for the better. The speculation that Ethereum spot ETFs will not be approved reinforces my belief otherwise. Even if not this month, then a little later. Now the main thing is to hold on to your cryptocurrency; prices in this market will soon go up again.

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Quote from: shanhaigamefi on April 26, 2024, 06:15:11 AM

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

A new all-time high break for Bitcoin will help Ethereum to pump also.
Most of altcoins right now even Ethereum is already relying to Bitcoin, when Bitcoin pumps, Ethereum pumps and if it will dump, Ethereum will dump also. So it is really correlated right now with Bitcoin.

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Quote from: jaberwock on April 28, 2024, 12:42:23 PM

Quote from: rodskee on April 27, 2024, 05:57:56 AM

Quote from: shanhaigamefi on April 26, 2024, 06:15:11 AM

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

If you posts this in bitcoin section then either it will be bring back here by moderator or
this will go in Off topic that for sure you will not like so better let it sit here forever.

and also how would you expect ethereum breaking its barrier when bitcoin even costing
more lower than ethereum? i mean the bitcoin price is falling badly now comparing to altcoins?

if you are a true affected in ETH movement then better to purchase more as it is cheaper
or you will regret not having this for a time now.

Maybe he didn't mean Bitcoin board but he mean this Bitcoin forum and I think he knows how to post it on that board or re-locate it, if he really wanted to but nope, he choose altcoin speculation board instead. Moving on... in the crypto market it's known that BTC controls everything but there are still times that some coin can move on their own, especially if people find something interesting on them like if they release a nice update. So why not? And maybe that is what he is after.

ohhh yeah thanks for clarifying mate I almost did not got that lol.

well this is what we all wanted to attain here because we are all having diversification and we are
looking not only for bitcoin increase but for altcoins as well.

Quote

ETH have undergone a lot of updates but he is wondering if what is still missing for it to break new limits. If he is badly affected by the performance of ETH, then actually I don't think he will buy more but he might be thinking of selling his coin and transfer to a much better one.

I thought the ethereum 2.0 will clear all the big issues specially the higher transaction fees
that really has too much increase nowadays and yeah each congested season the fees climbing
almost higher than bitcoin.

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Quote from: shanhaigamefi on April 26, 2024, 06:15:11 AM

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

Anyone that has been around the market for some time knows the answer to that, ethereum despite its influence and its size has a very high correlation with bitcoin, so if bitcoin is not moving up then ethereum will most likely do the same, so what we need is more people to be bullish about bitcoin and its future, and that day will come, it is just this is a process that will take some time, and many of those that are not patient enough to wait for it will sell their coins and miss the upcoming growth.

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Quote from: JeffBrad12 on April 28, 2024, 11:19:38 PM

Quote from: batang_bitcoin on April 28, 2024, 10:38:11 PM

There is no news yet about Ethereum ETF in Hong Kong but with most of the rumors that I've read, many seem to be negative with it and they're not going to approve any of it anytime soon. They have delayed it for some reasons but it seems that it's not going to be approved then.

agreed with this future of ethereum's ETF seems grim, so many news are actually fudding it right now, there has been speculation that there will be no ETF approval whatsoever due to the fact that ethereum was having an ICO back then and it make it security which holding the approval of its ETF but i don't know whether that news on its own hold truth or not.
but regardless anyway with the presences of restaking protocol such as swell, and so on which locks billions as of now i'm kinda satisfied with the growth of ethereum already and i'm pretty sure its gonna last for long with this rate.
the growth despite just sometime stagnating isn't like some other coin out there that suddenly pumps so high then dumps fast, ethereum growth is rather steady but sure.
it was reaching $4000 back then i'm pretty sure it could go back at that point again in a matter of time.
anyway, lets see in may where many L2s are launching their mainnet its probably could help make price of ethereum pumps.

There goes the delay and the rumor that it won't be approved. That's why they're everywhere so whichever you want to think of it, you all have the power to yourself what to believe. But it's not that an awful situation for this because most of these etfs whether its' with ETH or any other crypto, they can always apply for it even after a rejection after the period given to them when they should reapply.

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Quote from: batang_bitcoin on April 28, 2024, 10:38:11 PM

There is no news yet about Ethereum ETF in Hong Kong but with most of the rumors that I've read, many seem to be negative with it and they're not going to approve any of it anytime soon. They have delayed it for some reasons but it seems that it's not going to be approved then.

agreed with this future of ethereum's ETF seems grim, so many news are actually fudding it right now, there has been speculation that there will be no ETF approval whatsoever due to the fact that ethereum was having an ICO back then and it make it security which holding the approval of its ETF but i don't know whether that news on its own hold truth or not.
but regardless anyway with the presences of restaking protocol such as swell, and so on which locks billions as of now i'm kinda satisfied with the growth of ethereum already and i'm pretty sure its gonna last for long with this rate.
the growth despite just sometime stagnating isn't like some other coin out there that suddenly pumps so high then dumps fast, ethereum growth is rather steady but sure.
it was reaching $4000 back then i'm pretty sure it could go back at that point again in a matter of time.
anyway, lets see in may where many L2s are launching their mainnet its probably could help make price of ethereum pumps.

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Quote from: salad daging on April 28, 2024, 02:37:14 PM

Ethereum ETF is not so popular in the media although if I'm not mistaken Hong Kong will be approved, low fees should be good news for those who do Ethereum transactions but it doesn't push the price up and there is no better news because the market is like this for me not only Ethereum but all coins experience the same thing where it becomes stagnant.

There is no news yet about Ethereum ETF in Hong Kong but with most of the rumors that I've read, many seem to be negative with it and they're not going to approve any of it anytime soon. They have delayed it for some reasons but it seems that it's not going to be approved then.

Quote from: salad daging on April 28, 2024, 02:37:14 PM

I feel Ethereum how can it follow the bitcoin price trail when there is a pump then the price will go up both ways, there is no resistance in terms of increase because that's what I was looking at some time before.

Soon, it's going to follow Bitcoin's move but we don't know, maybe on the month of May we'll see a lot of actions.

Topic: Ethereum has been stuck around $3200 for quite some time (Read 280 times)