Ethereum has been stuck around $3200 for quite some time

rodskee

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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.

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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.

Sebas.tian

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Quote from: andyou1234

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.

I don't think, it will affect the future of Ethereum because it moved during the bullish season along side with Bitcoin that made many investors to achieve a passive income from Ethereum before the price decrease to $3200 few weeks ago. Ethereum is the most altcoin that has high population in the market and the team behind Ethereum are very strong, which they will not allow the coin to go through some challenges that will make their population to decrease in the bearish season, because there are some new investors who are planning to invest in Ethereum when the price decrease to their satisfaction. If you are holding Ethereum, you don't need to be panic, because it will not collapse like other altcoins that has collapsed for other potential altcoins to take over their position.

bitterguy28

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Quote from: dunfida on May 10, 2024, 02:37:03 PM

Quote from: bitterguy28 on May 09, 2024, 11:53:58 PM

you are worried about 3200 price of ethereum so what more now?
https://coinmarketcap.com/currencies/ethereum/ as ethereum continue to drop at 3k mate Grin

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

Instead on making yourself that aiming or minding too much with those numbers, it would really be that better that you should really be making some buybacks or accumulation specially the price now is really that going down on which it would really be that understandable yet we are dealing on an unpredictable market on which its really that something that you do make yourself that accept out the fact or else you would be finding yourself that impulsive on the time that you would be seeing those dropping prices. When it comes to potential price of ETH then we've seen that it do have that higher ATH compared to 3k. I dont know on why
people or OP is really just that aiming for 3.2 but well if doing some short term trades then it would really be a normal approach.

There are really just that those people who are really that skeptical whenever the market drops on which its not really that shocking anymore. Only to those who are mindful
about their actions would really be aware on whats happening around.

Don't worry , this is my funds so i can do anything what i wanted and what i do believe . others are planning to buybacks or buy low sell high but I will be focusing in my holding for now.
because anyway I only have small amount of Ethereum because i am focusing in accumulating bitcoin these days at least till bull comes.

poodle63

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Quote from: Sophokles on May 10, 2024, 03:18:51 PM

This happens due to the uncertainty of the ETH ETF approval. I don't want to say uncertainty, as speculators already cash out for a possible ETH ETF rejection like they did with BTC ETF approval. This is the reason the price of ETH is not performing as it should compared to BTC. If the ETH ETF gets rejected, there won't be a bigger impact on the market as the speculator has already made their move by selling the rumors. Perhaps it won't be now but gradually ETH ETF will also be approved.

there are so many fuds around, shitting on ETH saying that the ETF won't get approved because ETH has held ICO in the past, well i don't know whether it could even affect the ETF approval anyway.
but I think ETF does indeed have much influence over the market of ETH.
its now just full of uncertainty and doubt with the market of ethereum, i'm even thinking maybe dumping my bag just to convert but i believe that there will be rainbow eventually.
this news of ETF really shaking the market around, but can't deny the fact that the market right now is not as bullish as it was, probably due to people getting bored.
but i'm sure that its mainly caused by massive fuds everywhere and the fact that probably whales are cashing out for some reasons.

Bulltard

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its price in $ doesn't matter much. what matters is that it's getting raped against btc.
What it needs is for the etf speculations to end. what it needs is for its foundation to stop dumping whenever it needs money to "build". what it needs is more utility.
what it needs is for eigenlayer and the whole restaking shit to be real progress and not just money makers for greedy devs. what it needs is for solana to stop being degen's favorite chain.
what it needs is for btc to go full bull and then stop because that's how the money flow goes. btc-->eth-->alts

Sophokles

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This happens due to the uncertainty of the ETH ETF approval. I don't want to say uncertainty, as speculators already cash out for a possible ETH ETF rejection like they did with BTC ETF approval. This is the reason the price of ETH is not performing as it should compared to BTC. If the ETH ETF gets rejected, there won't be a bigger impact on the market as the speculator has already made their move by selling the rumors. Perhaps it won't be now but gradually ETH ETF will also be approved.

dunfida

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Quote from: bitterguy28 on May 09, 2024, 11:53:58 PM

you are worried about 3200 price of ethereum so what more now?
https://coinmarketcap.com/currencies/ethereum/ as ethereum continue to drop at 3k mate Grin

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

Instead on making yourself that aiming or minding too much with those numbers, it would really be that better that you should really be making some buybacks or accumulation specially the price now is really that going down on which it would really be that understandable yet we are dealing on an unpredictable market on which its really that something that you do make yourself that accept out the fact or else you would be finding yourself that impulsive on the time that you would be seeing those dropping prices. When it comes to potential price of ETH then we've seen that it do have that higher ATH compared to 3k. I dont know on why
people or OP is really just that aiming for 3.2 but well if doing some short term trades then it would really be a normal approach.

There are really just that those people who are really that skeptical whenever the market drops on which its not really that shocking anymore. Only to those who are mindful
about their actions would really be aware on whats happening around.

bitterguy28

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you are worried about 3200 price of ethereum so what more now?
https://coinmarketcap.com/currencies/ethereum/ as ethereum continue to drop at 3k mate Grin

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

TastyChillySauce00

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Quote from: Dunamisx on May 03, 2024, 08:17:50 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.

So true. The key was on the bitcoin. As long as bitcoin will increase and i strongly believe other tokens will follow it. The main problem is now whether bitcoin can comeback again to the 70k? it may take a half of year to make it happen soon. All of cryptos were dumping so hard when bitcoin declined from 74k to the 58k.
We may be seeing another recovery to come for bitcoin but no ETA when this recover will come. We have a new low and im expecting more to come in the future. Altcoins have not yet reached its peak performance.

It seems like that if bitcoin may be doing sideways for several months. The chart is now even showing impressive performance. The volume is always so stable. I see no big volatility to comes in the upcoming weeks.
Bitcoin may be stable for a big longer than we have expected. Glad if have sold a half of my bags when bitcoin reached new ath and buy back it again.

Im hoping a new ath will be coming soon. It will help ethereum to be pumped.

poodle63

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Quote from: Dunamisx on May 03, 2024, 08:17:50 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.

God bless u

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Quote from: batang_bitcoin on April 28, 2024, 09:38:11 PM

Quote from: salad daging on April 28, 2024, 01:37:14 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, 01:37:14 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, 12:55:58 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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Quote from: tvplus006 on May 01, 2024, 06:24:05 PM

Quote from: jrrsparkles on May 01, 2024, 02:06:51 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, 02:06:51 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.

jrrsparkles

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

Quote from: jrrsparkles on May 01, 2024, 12:34:56 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, 12:34:56 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, 12:34:56 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.

andyou1234

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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.

Topic: Ethereum has been stuck around $3200 for quite some time (Read 439 times)