Ethereum Price Increases by 12% After Losing 1/3 of its Value

Raggie

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Activity: 462

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Quote from: Vladdirescu87 on September 14, 2018, 07:28:47 AM

Ethereum (ETH) has toppled to its lowest price in a year and four months as Cryptos continued to struggle on Wednesday, September 12. However, it regained more than 12% of its value on September, 13. The globe’s second most valuable Crypto dropped 8% to $169 on September 12, 2018, which is its lowest level since May last year and is now down 30% for the week.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/ethereum-price-increases-by-12/

Well, i think this is a normal thing in crypto. Unless it is a trash coin, it will goes back to normal price later.
ETH has falling to the bottom, and it will be normal for it to be corrected back at some point, not going to 0 price.

Nasonn

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This goes a long way to show that we shouldn't be quick with our conclusions when it has to do with crypto. The price surge also provide a kind of assurance to investors that good days are ahead.

ukboss

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I think you just analysis ethereum market price and you got a result that is increased around 12% all the market was going down. At the moment area price is going so you can say it will be more valuable in future or in a couple of days later. Still now ethereum price is growing so everybody hopefully about ethereum price will be more valuable in this end of 2018.

Scientest

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ETH got pumped yesterday right after the XRP chasing ETH. It seems the pump was objectively, I mean ETH price was manipulated by a group of people. If not, ETH would really get a huge pump till now which may push the price to $300+.

upsidedown75

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Quote from: Ividanik on September 18, 2018, 05:06:57 AM

Ethereum, as we know, have dropped mostly as a reaction of fake news. After Buterin has explained to the community what he has said in reality, ETH is starting to slowly recover. I think the recovery goes so slow because of pessimistic attitude about the whole market, not because investors don't trust ETH anymore.

There will always still be that pessimism in the market after a huge drop considering the fact that the market is yet to find a good bearing. So far, I would say for what it is worth, Ethereum is trading at a very good price range for long positions.

If people do not trust ETH anymore because of the price, then wait to see how they will jump at FOMOing once the price starts showing some element of recovery. It is just the way it is.

aencarnaci

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Quote from: i7claufe on September 18, 2018, 05:11:22 AM

Maybe the market as a whole has problems right now, we should not look at every altcoin, eth or bitcoin's state on why their price is declining. Because in our country, also the Stock markets have gone bearish in these past few months so I think the world is having financial or economic problems that's so minor to be noticed, but nothing escapes the graphs no matter how minor it is.

The market as a whole is definitely in a downtrend with no exception and we all know very well that bitcoin is the main driving factor in this whole equation. The instability of bitcoin and in the verge of trying to find a direction, this keeps suppressing the value of the altcoins from rising.

I think it is obvious that the altcoins have been trying to gain some momentum with the hope of a favorable condition to rise, but certainly it is not happening because it is not palatable enough for the market to move without traders quickly selling off once the market starts taking a different shape.

tamango

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Down again today, I still don't understand why Ethereum is so much under attack compared to all others crypto. Does someone has figured a reliable explanation for that dip movement?

louie69

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Yes, ETH had dropped drastically below the $200 level in the past days wherein I believe that ETH had undergone a major correction in the crypto market. For ETH investors and supporter's, you don't need to panic on your ETH investment as this will somehow regain and recover from it's dip. Most likely, this adjustment may take a bit longer before it could rally however, I think this may go bullish in the coming Q4 of this year. I believe now is the right time to buy more ETH in the market to be able to gain more profit soon since ETH price is just very low for now.

tomahawk9

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Merit: 994

Cats on Mars

A 12% increase isn't that big, but I guess it looks like a significant gain to those who bought/invested recently.

But it look like it's going down again, it stands at -10% in the 1 week charts. People need to get used to these massive price swings, we're currently in a bear market, no matter how much a cryptocurrency goes up, sooner or later it'll go back down again, that's how things work when the market is surrounded by a bearish sentiment.

This behaviour is only temporary, though, so expect the ETH price to go back to normal levels once there's a shift in market sentiment.

shiming

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At present, ETH technology has not been reformed and prices have fallen sharply. When ETH2.0, I think there will be some changes. The first time I found out that you and my signature, the cycle is too long.

BitcoinHodler

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HODLing is an art, not just a word...

i don't know where your math is coming from but ethereum has lost more than 86% of its value at this point not 1/3 or 33%!!! not to mention that there has not been any price increase. all we had was a dead cat bounce that some people got excited about and were burned because of it.

Adriano2010

hero member

Activity: 1414

Merit: 516

I also think ETH is so low in price now and is the good time to buy and hold for at least some months until all markets will recover.
I will try to get more coins now , and also i think the drop come because of most miners sell most of mined coins.

lantan81383628

jr. member

Activity: 168

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I will continue to buy eth at such a low price. Because I believe the market is going to go up again, and sometimes going down is not a bad thing, at least we can get very cheap COINS.

Piskeante

member

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Merit: 15

due to marketmanipulation, BEARS are winning a lot of money.

Now ETH is losing that 12%. And you are lying, BTW.

ETH has lost 86% since max value of December-January 2018.

This is a disaster.!!!1

Dvibes

newbie

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Lol, it keeps fluctuating but I believe this nudge will give many hope

Ilmiyati

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Everyone is worried about ethereum prices because of a very drastic decline in only a short period of time, but I feel, we don't need to worry too much, because Ethereum will still be Altcoin no. 1, and I'm very sure if the price will rise soon

taiwww

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And somehow it is more than that now. I guess this is the crypto war between the crypto coins project and the investors that are based on it. Most of the investors went off the ETH platform when they saw the drastic fall in the BTC and thus who would leave a chance to get into the BTC at that low prices and make their way to the profitability. To be honest, most of the people are in the dream of seeing the price hikes of BTC to the level of 2017 Dec!! And thats why most of them left the ETH platform already. I guess its pretty obvious to happen and now as the BTC is also at steady state, people will also buy more ETH being at the lowest rate and thus will surely come back again.

Parodium

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DMs have been disabled. I am busy.

It has lost more like 80% of its value if you compare it to its peak. Not sure why people jump for joy when they see an increase of 12% when it is already down by such a huge amount, I guess these people are the ones that bought in relatively recently and so still generated a decent profit on their investment.

Red-Apple

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as i warned you before the rises like this has been a trap set by the whales so that they could dump more of their coins and make even a bigger profit as they dump on a market that is now have more buy orders set in it.

basically they have been doing the same thing for the past 9 months. they dump a lot and then the big drop starts. then they short as much as they can to wait for the bottom then after buying a little back they wait for the newbies to buy back and push the price higher then they start dumping again and the same scenario happens all over again.

this round they dumped it hard to $180 and then let the recovery take place and as newbies were fooled by the $220-$240 recovery they started dumping again and now ETH is at $190 again and headed down as they dump more.

Teraboy

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Quote from: baienpee on September 18, 2018, 05:16:45 AM

This is just a rebound. In fact, there is a panic selling in Ethereum, and the ICO team sells their Ethereum in large numbers. Perhaps this is fatal to Ethereum.

This is not yet finished, look at the chart and how ethereum goes below $200 again. We must careful with the market consider there is a lot of possibility if that was another bulltrap.

There was a lot of icos are still preparing their ethereum to be sold in the market. This may gives anoother bearish chart again.

Sylvial

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Activity: 182

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As predicted by a chartist I respect so much in the crypto space, ETH was certain to drop in price again and the increase it got was not to be sustained. The price is current at $197. Hoping to buy the dip once I get a signal from him in readiness for another price increase

doroshok2

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Activity: 175

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W12 – Blockchain protocol

We all knew it was a short fall. And thought it was said that Ethereum could die, it's not. Ethereum is too strong a coin to just die. And now we see a rise in prices, as expected.

baienpee

newbie

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This is just a rebound. In fact, there is a panic selling in Ethereum, and the ICO team sells their Ethereum in large numbers. Perhaps this is fatal to Ethereum.

i7claufe

member

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AhrvoDEEX FUTURE OF BROKERAGE TRANSACTIONS

Maybe the market as a whole has problems right now, we should not look at every altcoin, eth or bitcoin's state on why their price is declining. Because in our country, also the Stock markets have gone bearish in these past few months so I think the world is having financial or economic problems that's so minor to be noticed, but nothing escapes the graphs no matter how minor it is.

Ividanik

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Ethereum, as we know, have dropped mostly as a reaction of fake news. After Buterin has explained to the community what he has said in reality, ETH is starting to slowly recover. I think the recovery goes so slow because of pessimistic attitude about the whole market, not because investors don't trust ETH anymore.

mattcerna16

newbie

Activity: 58

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Just dropped again lol, I'll keep buying more aslong as it's below $300 or so though. If it gets close to it's ATH again then that will be big profit.

NerdYale

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BitSong is a decentralized music streaming platfor

Maybe its time already that eth will have its bullrun for todays year. I am even very excited since Ive trusted so much in eth and tried to invest as much as I can with last weeks price which is so cheap.

Hablinfuld

newbie

Activity: 58

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ETH took a major fall in the market for sure. Byut we all knew that the coin wil gain momentum and will get right back on track. Even with the increase, the price is still low. It will take time for it to rebound, given that the fall it took was pretty bad.

artaks

newbie

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This might give the investors some hope that the market is heading towards the better. Even though the price is still low after the 12% increase, it still is an increase in the end. So all in all, it is a good thing.

Vladdirescu87

sr. member

Activity: 966

Merit: 264

Ethereum (ETH) has toppled to its lowest price in a year and four months as Cryptos continued to struggle on Wednesday, September 12. However, it regained more than 12% of its value on September, 13. The globe’s second most valuable Crypto dropped 8% to $169 on September 12, 2018, which is its lowest level since May last year and is now down 30% for the week.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/ethereum-price-increases-by-12/

Topic: Ethereum Price Increases by 12% After Losing 1/3 of its Value (Read 188 times)