Topic: Should I hold Ethereum or sell it? (Read 714 times)

Calm down friends, the price of ETH will definitely rise when BTC rises. ETH will also rise because that will happen, although slowly it will definitely return to 3000$. We even hope it will touch 5000$ later during the next bull run, be patient friends and believe it will definitely rise

Your advice is worth considering as it is never good to sell precious asset like Ethereum in panic, it is indeed worth holding for long term. Some of the prominent market analysts are suggesting that itys price could reach $5000 once the market condition improve the impact of its ETF is fully realized, hopefully in the last quarter of 2024. Historical patterns suggest that cryptocurrencies market perform well during the last quarter. DYOR

Do not panic sell. It seems like you are new to crypto investing. ETH is one of the best (or should I say 2nd best coin after BTC) in the crypto market. Although ETH is currently down and trading under $3k, trust me, when the crypto market bull run starts, there are high chances that the ETH price might go beyond $10k. So, whatever the amount you have, hold it for at least one year and you will not regret your decision. 

I do agree that it is going to end up with some good profitable result eventually, that's why it is going to be quite good to keep holding at this point, we are going to make as much profit as we could hope for if we just keep on holding it.

I believe that we are going to end up with some good returns, and in the end we are going to see this growing to be something much bigger and the only thing that is required of us to make a profit is literally doing nothing. If you sell then you are doing something, if you are holding, then you are not actively doing anything while holding anyway, holding means doing nothing and it's been talked before like this as well. So all in all, if we could just do nothing, it will be great for us.

i have also holding eth but i will not sell it right now because i invested eth at 2900$ now current price is very low 2600$,
but i am waiting market is again pumping, you should wait eth must be recover in short time i hope,
so i don't need to go for panic sell, hold until recover it because it's a top crypto so don't be frustrated.

Yeah, since the OP bought ethereum at $3k he shouldn't be disappointed, so I also think he should be patient and hold. Today the price of ethereum was around $2700 and only $300 increase would have allowed the OP to recover the loss.

Currently, the price of Ethereum is very low, so if you buy and hold Ethereum, it will be possible to make a good profit. However, try to invest what you can afford to lose so that you don't get disappointed if the price drops and you can hold patiently. The OP, wanted to make the wrong decision, he would have faced a loss if he had sold the Ethereum. OP I would advise you to try to invest what you can afford to lose, otherwise face losses.

Before going into investment there are things you need to understand, such as market volatility which comprises of ups and downs of the price movement and you should also understand that the market is not always Rossy all the time because it has the troubling time and also the profiting time, so if really you believe on the potential of the coin you invested there is no need to panic even if the price has gone very low, however I wouldn't advise you to sell your investment because you will seriously be at lost since you bought at $3000 and now it has dropped to $2500, so I would suggest you have more patient because the entire Market is currently on fire, so is not only ethereum that's affected but also to many other coins including Bitcoin, however what I would only advise you is that before investing on a coin you should really know if there is any potential about the coin so that you will not get panic because if you had understand ethereum you wouldn't have panic because I no eventually it will come back to the price you bought it, though for me I focus majorly on Bitcoin investment.

As much as I can tell from my own ignorance. Since you are buying during the 3k price, I think it is better to hold now.  Because it is the 2nd biggest coin in the market which will take less time to recover. I can suggest you something if you have more money you can dip which will be good for you. And if you have more patience then you Wait for the market pump it will do you much good and profit.

Is there a coin out there that is not down? Ethereum is down because the market is moving the way all the coins are moving. Bitcoin is far from its all time all high, you should expect other coin to follow the same order. The only coins that are still maintaining there previous all time is are the coins that a listed perhaps a week from last weeks, almost all has lose their grip from the previous all time and so is ethereum price.

What I think significantly dropped the price of Ethereum was the ETF approval. A lot of people that were capitalizing on ethereum ETF approval from SEC has sold their bags, about 8 ETFs were granted by the security exchange commission and nothing bullish again after the announcement, those who bought the rumors and sold the news has drop their bags, it's left for you to decide if you see future in ethereum or you are willing to drop your bag here.

Ethereum has potential to cross 10k $ milestone, but unfortunately ETH trades between 1200$ to 3200$ from previous year but it will touch its ATH price so hold at least by the end of this year, ETH most probably cross the 5k$ milestone.

However, it is vital to realize that the cryptocurrency market is extremely unpredictable and difficult to forecast with precision. Regulation, technology adoption, and global economic conditions can all have an impact on Ethereum price fluctuations.
Ethereum's price, like that of other cryptocurrencies, is heavily impacted by supply and demand. When there is a high demand for Ethereum, the price can rise. Conversely, when a large number of individuals want to sell, the price can fall, and we must remember that Ethereum has undergone multiple upgrades to boost scalability and lower transaction costs, so we now pay cheap fees when transacting on the Ethereum network.

This is good question that deserves a good answer, ethereum is said to best the altcoin, this coin has been in existence for a while, ethereum pumps immediatey Bitcoin pump although coins do the same but one thing you should know is that a coin that maintains it's lead in the market for some number of years and also continue to to do the needful by dipping and pumping is likely to be a good coin, op, my question to you is, has there been a dip season that has ever made ethereum not to recover once Bitcoin pump? I think this question is self explanatory, this brings us back to your question, the price of ethereum will definitely increase considering the fact that this is not the first time the market dip is affecting ethereum price, the thing is that there are processes this coins must go through, there is know need for the panic at the moment rather I advise that you keep hope alive and expect the best hence the coin is still at its recovery stage.

I think it was a general thing, about days ago the market was down, and even Bitcoin experienced it's own share of the dip likewise every other coins that follows it's trend, it gave investors an opportunity to accumulate more coins to their portfolio and if the OP had bought more BTC or even ETH I think there won't be anything to worry about, Ethereum is the next coin to Bitcoin and why I like it is that it's beneficial to both long and short term investors and anyone Hodling it currently is on the right track since the price would definitely go high again. What I have to say to the OP is that he shouldn't be discouraged by the dip of the ETH he's holding on his portfolio but rather accumulate more at any given opportunity, ETH is not a pump and dump coin and since it's moving with the trend of Bitcoin he'll definitely recover his lose with time.

I think there is no need to worry because ethereum is a coin that is already trusted for a long time and if it fall it will rise again same with bitcoin and other top altcoins in the market just always remember that you will not going to loss if you dont sell at loss and holder always win based on the past price of ethereum.

Well as you know the bullish price of Ether or any cryptocurrency is pretty difficult due to the natural volatility of the market. Many factors can affect whether the price of Ethereum can further increase. Market dynamics, including all sentiments, regulatory changes, and technological developments, play an important role in the crypto space. As I have read somewhere (forgot the exact post), Ethereum’s transition to Ethereum 2.0, aimed at increasing scalability and reducing energy consumption, could have a positive impact on its price if the upgrade is successful along with the regulatory environment that matters. Favorable regulation or increased institutional accreditation can raise prices, while restrictive policies can have the opposite effect. From what I know, prices increase due to investor sentiment and speculative trading following positive news or celebrity endorsements for example of this i think is memecoin. On the other hand, broader economic factors such as inflation and interest rates might have had a huge effect on the prices of cryptocurrencies because most of the investors or traders make use of technical analysis to foresee the movement of prices using historical data (tho this isn't always reliable in its ways because investments in cryptocurrency are very risky and volatile). It can't hurt to diversify your portfolio to stay on top of the market trends or buys bitcoin too if you have enough money. Plus points for consulting here with the community, that's a good start.

I too think the market will continue to recover if no news like we had before occurs, however, I also believe that crypto won't disappear one day, because of the sheer volume it has nowadays in all of our lives. Especially for big hands and smart money.

Ethereum is the best altcoin, and every time there is potential from an altcoin, then Ethereum has the first potential to increase. Personally, if I didn't have a need, and the money I was investing was money I was actually using specifically for investing, then I would continue to hold it. However, if you are afraid of losing more than that, and want to use the money, it might be better if you sell it. However, I still think about keeping it if you really use it for investment.

ETH is weak because the outflow from the ETF is still ongoing and it's lessening but there's still outflow regardless, I personally hold ETH and it made up big percentage of my portfolio if i'm being honest, i'm not impressed at all with ETH performance, can't even hit ATH, it is far behind compared to solana, i'm also thinking of rotating my investment to more better performing coin if ETH finally get bback to $3000 again and I recover my losses.

I still believe that ETH can always recover back and maybe hit $3500 again eventually but at the time ETH did this, solana probably already getting big increase.
however maybe ETH is just following BTC routine like weeks of outflow after first ETF listing and once the outflow is significantly lessened things will start to get better.

It does take time for you to hold it until the price really goes up, don't sell it, because there will be an opportunity to make a profit, because it is an opportunity that you should not miss, because the ethereum cryptocurrency stores the selling value, from the average short-term and long-term movements so that it provides a more negative estimate, because from the initial estimate, it shows that the cryptocurrency is now heading towards the next bullish cycle, and that is very promising for the opportunities ahead.

Now them price of Ethereum has raised to $2600k; if you keep holding, it will bounce back because Bitcoin price is now recovering which I believe ETH will also recover as well.
You don’t have to rush if you wants to make profit in crypto space, once you are able to invest your money on any coin you trust through your research and findings, you need to just hold on and give it some years, you will be surprised with the profit you will have after some years.