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.

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: 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.

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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.

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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.

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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

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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, 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

This is bitcoin forum and you are welcome. I think you wanted to say, you wanted to post it in the bitcoin discussion Board. But this is the right place to post it because since you are talking about an altcoin. Really Ethereum has been there for some months now and I was thinking that the best way to escape from the stuck is to also free the network from the congestion. So when people start to buy then it will move up from that stage to another stage. And the worst part is that as it is stick like this there is no way to buy because of the high transaction fee. So the coin just stuck there for months now. So the releasing of the network might help the project to move forward. That is my opinion.

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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?

But it's a normal thing in markets. Every had of support and resistance?

Most coins are also stuck in given price ranges. it's not just Ethereum.

Quote from: kentrolla on April 26, 2024, 02:32:43 PM

Some may doubt it's credibility but ETH is as trustabke as BTC and it's yet to break previous ATH hence the expectations will be more this bull run.

Not anymore. It was more credible when it was still on POW algorithm, but now it's just more like BNB and all those other POS chains. The only difference is that it was founded in 2016

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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.

You have already posted on the Bitcoin Forum. But if it's about breaking the barrier and moving onto the next higher price, no one knows when.
Bitcoin is always the main subject of most of the altcoins moving up so, if there's one that needs to break barrier then that is Bitcoin.
We have to be patient if we're holding on for so long. I know that it's going to be worth it when it moves.

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It's actually good news because it has been stable around $3k for a while and just waiting for the Bitcoin's price movement in order to pump, I would have been worried if it would have been dumped which has not happened and it has found strong support which will only trigger an upward rally. Some may doubt it's credibility but ETH is as trustabke as BTC and it's yet to break previous ATH hence the expectations will be more this bull run.

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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.

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

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

Topic: Ethereum has been stuck around $3200 for quite some time (Read 443 times)