Topic: Ethereum price approaches $3k - page 2. (Read 842 times)

The price is expected to rise even more since they are the next target to be approved by the ETF and their investors are also waiting for it and are ready to buy more ETH in the crypto market these coming days. You should be vigilant and careful because if you happen to be late, then you are not gonna be buying ETH at its low price rather you will be one of those who gonna buy even if the price is high because the crypto market is at its best in the recent days and the probability of the ETH price to increase furthermore are higher than the recent years.

The value of Bitcoin is increasing rapidly and of course all eyes may be on Bitcoin. After the Bitcoin ETF was approved in January, the Bitcoin market went down a bit, but it has rebounded since February and has seen the current Bitcoin price hover around $64k. I am invested in both Ethereum and Bitcoin, I am keeping a close eye on both coins. Today the price of Ethereum is over $3500. I don't care about the upcoming ethereum ETF approval or not, I'm just focusing that Ethereum will soon cross $5000 and the value of my invested Ethereum will more than double.

At the moment it seems that all the attention is focused on the growth in value of bitcoin, the potential of ethereum is still underestimated, i hope it can soon return to its maximum values ​​of November 2021, certainly the creation of an ETF would give it a good push towards high

It's totally wrong. It's caused by the more ethereums were needed to be locked to farm points. Eigen layer itself has locked more than 4 billions and it's not yet included with the several platforms which was also locking so many ethereums. Ethereum will be totally needed for the future airdrop caused by the dev will force you to lock your money to farm points to be converted to the tokens. I will also provide my proof of that.

https://www.binance.com/en/feed/post/2024-02-26-ethereum-layer2-total-value-locked-reaches-29-17-billion-up-9-39-in-7-days-4630050783186

The data provided by binance above was taken from blockbeat. I can sure if it has very high accuracy. I think that we are still far away from ethereum ETF. You can try to read some news regarding this.
People were massively converting their money to get ethereum tokens, which will give them all various benefits. I believe that if the percentage of total ethereum locked in staking platforms continues to increase, it will reach even higher levels. You shall not be surprised that to see your altcoins may be also growing up in the future.

I have locked almost 10 ethereums in the various LRT staking platforms. It is the truth and this is not even related to the ETF. I think that's false claim.

I do agree that it will go pass 5k for sure, not saying it due to ETF or anything like that though, I do not believe that would impact it as the only reason, ETH could go up even without ETF as well. We are going to have a bull season starting around end of this year, and with that bull run, we are going to see ETH going over 5k for sure, even if ETF doesn't get approved.

Obviously, if ETF gets approved then it will go pass 5k a lot easier, I am not saying there would be zero impact thanks to that, I am just saying it is not a must and that is the most important part. We should probably see it change a bit and with time ETH will go up. This is why investing into ETH right now is not really a bad situation, it should be a lot better.

As Bitcoin is back @ $53k. Now, Ethereum has also been back to $3,100. This only shows that Bitcoin is the main thing of this market and then everyone follows it. So, if you have been holding Ethereum for such a long time and when it was under $2k, you're in profit now but depending on how much you're holding Don't get discouraged if you have been thinking to buy it and then you haven't done so because you're too doubtful with the price before if it's the right time to buy or not. That's always been the case for most of the investors and you guys have to accept the fact that Ethereum is the side kick of Bitcoin on this market. If there will be discussions that it will be removed at the 2nd spot in the entirety of the crypto market, it is very unlikely to happen and how much more it would be if we're on the bull run?

And just as Bitcoin goes up with approved ETF spots. This is the next big thing that we have to tune in for Ethereum. IIRC, on May the result will be out and we have to wait for about 3 months and that's also after the halving for which a lot of these events make significance in the market and will definitely show influential they are. Don't be too hesitant to buy before these events come because who knows if this $3k now might surpass the $4800 levels ATH soon and might get close to $5k and $6k?

It's been a long time since ETH price was down and it had to pump up now that bitcoin has crossed $50k.
It feels good to hold ETH. It is the top 2nd coin and now that the ETF is in news more people will start getting into it.
I believe it will cross the ATH price very soon. I am personally holding it for a long term since it has a good potential.

Well, it shows that the acceptance of a Spot Bitcoin ETF will create a domino effect towards other altcoins, and that starts with Ethereum, and I hope it will end there.

I guess like what happened with Bitcoin a few months after a Spot Bitcoin ETF got accepted, many investors are also excited and don't want to leave the train that's why they're investing in Ethereum anticipating that a Spot Ethereum ETF will get accepted after a few months. I always thought that the reason why the price is increasing is because of the upcoming Dencun Upgrade.

Nevertheless, it's good to see Bitcoin surpassing the $3,000 price, and it's only the beginning of it's surge. I will not be surprised if Ethereum will reach $5,000 by the end of the year for some reasons, but I might buy more Ethereum because... why not. It's the 2nd largest coin right now in terms of market cap.

Actually, ETH surpassed the $3k valuation. Next target would be $4k. I would imagine ETH going as far as $5k once spot ETFs are approved in the US. If delayed, then ETH should remain within the $3k -$4k range. Imagine how high market prices will be after the Bitcoin halving. It would be unwise to sell ETH now (unless you really need the money to pay debts).

If you're "smart", you'd take advantage of the "pump" to grow your wealth as much as possible. Be aware that ETH isn't immune to volatility. Converting it to USD or a stablecoin of your choice would be the best way to lock in profits before it's too late. Who knows if you'll become the next "Ethereum millionaire"?

the many blockchain requiring ethereum to be locked to be eligible for airdrop also have big roll, eigenlayer eth restaking, blast, manta, and many projects if combined they successfully gathered multi billions ethereum for locking as their TVL, i think it definitely have a big role, if its because network upgrade, i doubt anyone hardly care, moreover ETF approval usually not as impactful because we all know ETF bitcoin also not as impactful but give a good vibe for bullrun.
if this staking meta for points in the L2 continues im sure ethereum will just keep rising even if the other coin are correcting so hard.
but the downside of these ethereum staking meta is that once the staking period or at least the locking period ended people would probably dump their Ethereum though if there's some good project out there again people would definitely try to restake their ethereum because they see it as a win win investment for them they good profit from price increase, the staking APY, as well as the airdrops.

I'm not taking this seriously as the pump happens because of its ETF approval but it is due to the price of Bitcoin pumping which I see was the main reason.
In fact, the price of ETH is already $3,104 during this post https://coinmarketcap.com/ and it is believed that it will increase more as the bull season starts. Even without the ETF approval, it still pumps.

This just tells us that ETH is still the king of altcoins. We can't ignore its profit potential and those who bought last year and hold until now are certainly on the profit. That is a big difference from buying known coins where profit is certain and we know it will grow, unlike new projects where we can't feel confidence about it.

Well done Ethereum break out above $3k and right now almost close to raise $3,100 and seems can't stop before raising up more higher price, the positive trend from bitcoin give positive impact with ethereum success reach to $3k.
I think good start with Ethereum price with two months left before halving and has chance for predicting Ethereum raise to $4k, its not bad ideas if OP want to make another expected price with Ethereum possibilities will approach up to $4k in this year.

If bitcoin price keep stable not problem to make high expectation with Ethereum will raise more higher price, I have good viewed with ethereum will raise the new all time high before halving time or raise close with the latest ATH price before.

It looks like that the price is again going in the upward direction. It has been up for the past few days above the 3,k price point. Mostly due to the upcoming network upgrade and due to the possibility of an ETF approval. Whatever happens it looks to be good for everyone who wanted the price of Ethereum to go beyond three thousand.

I absolutely agree with you, it could be as a result of all the hype oriented by the ETF but after some time I believe it's going  to make a price correction as you said.

In the wild world of crypto, news holds sway over market movements, especially for specific coins. Ethereum's climb to $3k seems tied to rumors of a spot ETF approval by May. We've seen this script before with Bitcoin – ETF anticipation boosting prices, then a correction. Ethereum might follow suit: a surge to $3k fueled by ETF hype, then a reality check.

Let's follow the future development of ETH.
I think this ETH growth is quite good.
will make ETH investors smile sweetly.

Although ETH is an altcoin but it's a good altcoin for one to hold for the next bull run. It really has a great potential as it will do well for it's hodlers. It not too late if one still love to invest in ETH because I believe it will still pump up more and more during the bull run

Ethereum is still under valued as per relation with btc. When previously 2 years ago btc was around 55k the price of Ethereum was above 40k and if we see today price, Ethereum is trading just above 30k. I think the price should be above 35k in current stage.  Spot ETF will get accepted, It is guaranteed but we don't know when will happen. The first ETF approval news will lead to a very big pump in Ethereum price eveiif it fake news. We observed this in btc already and now it's time for Ethereum. Besides ETF Eth is also most demanded coin after btc and whales will definitely accumlate it in this bullish zone.

We will have new inflation data in the mid of the week. If they are higher than expected (what means interest rate could be lowered later than expected) it could be a negative impact not only on the stock markets but also on the crypto prices. Even if I only expect the effect for a short time. On the other hand, lower than expected inflation could cause crypto prices to rise more sharply, in which case $3.1k is just a stopover.

By the time the Ethereum ETF is approved, we might be seeing Ethereum reaching $6k and more.
We don't have to stress ourselves in that because those that are holding Ethereum would be the one to benefit from the bull run that is approaching gradually. Cryptocurrency is going to make many people millionaires and we should be ready for the trend for every holders out there that are hoping to benefit from Ethereum investment.