Ethereum has been stuck around $3200 for quite some time - page 2.

Argoo

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Quote from: ajiz138 on April 27, 2024, 03:35:38 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.

GreatArkansas

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Quote from: shanhaigamefi on April 26, 2024, 05:15:11 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.

rodskee

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Quote from: jaberwock on April 28, 2024, 11:42:23 AM

Quote from: rodskee on April 27, 2024, 04:57:56 AM

Quote from: shanhaigamefi on April 26, 2024, 05:15:11 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.

Silberman

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Quote from: shanhaigamefi on April 26, 2024, 05:15:11 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.

batang_bitcoin

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Quote from: JeffBrad12 on April 28, 2024, 10:19:38 PM

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

JeffBrad12

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

batang_bitcoin

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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.

salad daging

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Quote from: Husires on April 28, 2024, 07:24:03 AM

I think we have reached the break-even stage, where there is no positive news that pushes the price up, such as Ethereum ETF, low fees, a new update, and there is no news that pushes the price down, with the price of Bitcoin remaining stable. All of these reasons will make the rate of change in the price of Ethereum limited and the movements between 2900 to 3500.

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.
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.

jaberwock

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Quote from: rodskee on April 27, 2024, 04:57:56 AM

Quote from: shanhaigamefi on April 26, 2024, 05:15:11 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.

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.

Husires

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I think we have reached the break-even stage, where there is no positive news that pushes the price up, such as Ethereum ETF, low fees, a new update, and there is no news that pushes the price down, with the price of Bitcoin remaining stable. All of these reasons will make the rate of change in the price of Ethereum limited and the movements between 2900 to 3500.

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Quote from: shanhaigamefi on April 26, 2024, 05:15:11 AM

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

Altcoins must able to eat the dominance of bitcoin first. Altcoin will never able to break this barrier as long as bitcoin still owns bigger domination compared to the ethereum. It still follows bitcoin but the performance from ethereum price is not as impressive as a few years ago when it was able reaching 5k for each ethereum.

Im still predicting the same result to happen as long as bitcoin can surpass 70k. I meant bitcoin is quite stable at this time followed by ethereum. Bitcoin needs to break it first to reach at least 79k or even 80k. It will help the whole of altcoins to be hyped.

Altcoins are losing its hype caused by all of money were flowing to the bitcoin. It takes time for altcoins to get the momentum to get inflow again. I know that if some people are not even feeling patience with it but i can understand since altcoin can generate profit more than what bitcoin did.

It's really profitable for some people who were focusing their portfolios to the altcoins. I know that altcoins can help them all to make 5x or even 10x

oktana

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I haven’t analyzed it in the way I know how to, but I think that there actually is a barrier around the $3,000. But when the bull run for altcoins comes, it would definitely surpass the resistance.

Quote from: btc78 on April 26, 2024, 06:31:17 AM

Ethereum seems to be stagnant and many are speculating that it might no longer maintain its position as the 2nd top cryptocurrency in the world but I think with bitcoin’s halving it still has a huge chance to double its price in the next few years

I think the etf that are underworks will drive ethereum into a higher level of activity so we must wait for that however if it does not get approved there is a chance that it might just decline

ETF won’t increase the price immediately, I think. The effect of that is meant to be over time as people jump in to invest. Anyway, I don’t think anything other than the current Bitcoin ETF will be approved for now.

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Quote from: senyorito123 on April 27, 2024, 06:53:14 PM

Based on what I staked last time it hits the target of my investment and the value begun to gain profit. The projection mets the nearest possible price.
However, the risk is still there as crypto faces the halving issues which most traders were afraid of. But the results went out to be positive in the first place.

why the halving is an issue though I think most of investors and traders are excited even go as far as celebrating it like they are celebrating new year, the current correction because people dumping on the news and thats on its own is completely fine from my perspective, even previous halving was done exactly the same way.
i'm instead more bullish about the market since halving has already happened then there's only one way that is to go up even further than the current all time high.
ethereum on the other hand is still waiting for the news of its ETF approval, i'm not really optimistic whether it gonna gets approved or not but at least it could increase the bullish sentiment of the market as of now despite the news kept being delayed over and over.
there even various fuds that said that ETH is not gonna get approval for its ETF but we all know same exact pattern of fud happened to bitcoin back then.

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Quote from: shanhaigamefi on April 26, 2024, 05:15:11 AM

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

I think the main reason behind its price being stagnant is the ETF approval. The team was working for very long in order to get ETF approval so their area of interest was mainly in this so they ignore most of the other points. It's also very logical because after ETF approval there will be a very huge change in the coins market demand and value.

The second point is that BTC performance after halving. It's very important for BTC to perform in order for ETH to break it's barrier of price. We can't deny the linkage of BTC to other altcoins.

senyorito123

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Quote from: shanhaigamefi on April 26, 2024, 05:15:11 AM

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

Based on what I staked last time it hits the target of my investment and the value begun to gain profit. The projection mets the nearest possible price.
However, the risk is still there as crypto faces the halving issues which most traders were afraid of. But the results went out to be positive in the first place.

ajiz138

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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.

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Quote from: shanhaigamefi on April 26, 2024, 05:15:11 AM

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

What is quite some time?

I also stayed here for about ten years and also witnessed the ups and downs of bitcoin or ETH, and for me it was simply watching everything happen. I don't feel too stuck because if we look back about a year ago, we had a vibrant movement.

Maybe you should be patient without any reason, try coming back here in the next year, we at the present time are all feeling the bullish cycle of the market but they are not following our wishes of those who want them to increase rapidly.

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Quote from: btc78 on April 26, 2024, 06:31:17 AM

Quote from: shanhaigamefi on April 26, 2024, 05:15:11 AM

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

Ethereum seems to be stagnant and many are speculating that it might no longer maintain its position as the 2nd top cryptocurrency in the world but I think with bitcoin’s halving it still has a huge chance to double its price in the next few years

I think the etf that are underworks will drive ethereum into a higher level of activity so we must wait for that however if it does not get approved there is a chance that it might just decline

its competitors in the market are still so far below in term of market capitalization, i don't believe its gonna lose its 2nd position to some random alts with lesser market cap, moreover there are trend of L2 thats going on, LST is a thing too that incentivizes staking of ETH, so the staking isn't only required for those validators but for some of the project especially the layer 2.

binance on the other hand is what I could call stagnating if not for the exchange agile movement in making a deal with those airdrop projects then i doubt binance could get this far.
if its solana, the outage is concern that should be addressed first, thats why i'm pretty optimistic with ethereum, the prospect is bright with this one.

even though i don't really stake ETH that much, but if ethereum could breakthrough it will be pretty impactful for the rest of us.

rodskee

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Quote from: shanhaigamefi on April 26, 2024, 05:15:11 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.

Bureau

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Currently post halving all altcoins that have a good marketcap are following Bitcoin. This has been always the case and it is nothing new. Earlier this year when Bitcoin had a small bull run the price of Ethereum did go beyond the $4K mark. Again it will go up when Bitcoin bull run will start and till that time we need to wait patiently.

Topic: Ethereum has been stuck around $3200 for quite some time - page 2. (Read 439 times)