Where ETH will go if it breaks down $80? - page 6.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Python Master on March 16, 2020, 08:28:28 PM

Many traders and investors put trust in ETH.

Nah, those who bought it during the ICO were optimistic because it was the start of the ICO craze. They have sold at 1k USD and are now enjoying the money if possible. They bought it at <10$ during that period. Rest who have been holding all this time have been stupid.

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But recently ETH performance is very bad, in every market crash, ETH has biggest fall.

It is a speculative asset. You cannot expect such an asset to always go up. Thats against the rules. Grin

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Do you think ETH will be around $10-$15 again if its $80 support is broken?

It can even go back to 1$ if people are going to dump it in this badly stricken bear market. Be ready to stop trading for a while on altcoins. It is better to wait it out.

bitkanu

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Quote from: [email protected] on March 18, 2020, 09:11:13 AM

Quote from: kaltun on March 18, 2020, 04:29:43 AM

Quote from: michellee on March 18, 2020, 04:16:28 AM

Ethereum price can go to any price, especially if the bitcoin price is down again. But for how much the price will be, no one will know, and we can only follow the price moves. But many people will not expect to see ethereum will go down below $80, and if that happens, I think many people will panic, and they will sell their ethereum to wait for another lower price. But if ethereum price really down until $10-$15, I will buy a large amount of ethereum as what other people will do.

indeed i dnt think it will touch 80 again , but if this happens , there are a lot of whales who are waiting for it and dont think they let the eth go below 50 dollars

the condition of the world economy is still not predictable. if something worse happens, the crypto market will prepare for a dump. Likewise, with ETH, it has a big potential to go up and there is also a possibility of deeper decline.

Some countries have already announced if they will be doing further isolation and that means we can see another bearish trend again that will come anytime, the dump can happen anytime and the potential to go up is caused by so many people are migrating to use crypto instead the traditional currency that may bring them to be infected by covid 19 viruses.

BlackFor3st

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Quote from: Python Master on March 16, 2020, 08:28:28 PM

Many traders and investors put trust in ETH. But recently ETH performance is very bad, in every market crash, ETH has biggest fall. It's strong support is $80, i can't imagine where it will go. ETH was traded between $10-$15 for a long time ( i looked back its chart).
Do you think ETH will be around $10-$15 again if its $80 support is broken?

Well it will always depend to the market and to the big investors out there if they like to bring the market to that level as we have not control over the demand only the big holders have the control of it. This is the disadvantage of crypto currencies right now as it can easily be manipulated by big whales, so for us who have no control about the price therefore our only option is ride the flow of the market in order to profit.

Meaning if it will goes down to that level, our best option is to buy as many as we want and hold it for a long term so we can earn a huge profit in the future once the market will bounce back again. But the Eth price and other currencies are currently going upward right now so the 80$ price and below is still very far base on the current market situation.

inanilujimi

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the current decline is not only the ETH but almost all crypto assets experience the same thing as the ETH, if ETH touches back $ 80 isn't this a big discount to buy the best altcoin available ...
so why not buy more, than keep watching the market without action.

Kelvinid

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That certain thing can be possible, we don't hold the market so we can't either say that it won't happen. In fact, we touch below $75 before so things still can be possible of happening again. But of course, te trust of the people helping it not to drop instead, it helps to push high and stay on a high level. We are still above $100, this is an indication that ETH seems not really affected by Bitcoins crash is the past days and it sounds like holders and investors are keeping their ETH and not in panic selling.

Irvinn

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Quote from: xvids on March 18, 2020, 09:19:04 AM

Quote from: Python Master on March 16, 2020, 08:28:28 PM

Many traders and investors put trust in ETH. But recently ETH performance is very bad, in every market crash, ETH has biggest fall. It's strong support is $80, i can't imagine where it will go. ETH was traded between $10-$15 for a long time ( i looked back its chart).
Do you think ETH will be around $10-$15 again if its $80 support is broken?

No I don't think that it would be around $10-15 again I am sure that there would be some investor who are waiting to buy when the price drops a little lower.
TBH I am also waiting for it to drop down lower than $100 to buy some and hold for a couple of months.

Ethereum some time ago already fell to almost $ 75, but after that again showed a very good rise. I can’t predict something in advance, because for this it is necessary to have certain facts, but I do not see any prerequisites for ETH to fall even lower than current indicators. In addition, I will not wait for more favorable conditions and have already invested a certain amount of money in Ethereum, since I expect a stable and rapid increase in cryptocurrency prices in May, when another bitcoin halving will happen. Perhaps the current state of the market provides the last chance for profitable investments in Ethereum.

Shadowkipper

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Quote from: ned.ryerson on March 21, 2020, 10:53:52 AM

Quote from: xvids on March 18, 2020, 09:19:04 AM

Quote from: Python Master on March 16, 2020, 08:28:28 PM

Many traders and investors put trust in ETH. But recently ETH performance is very bad, in every market crash, ETH has biggest fall. It's strong support is $80, i can't imagine where it will go. ETH was traded between $10-$15 for a long time ( i looked back its chart).
Do you think ETH will be around $10-$15 again if its $80 support is broken?

No I don't think that it would be around $10-15 again I am sure that there would be some investor who are waiting to buy when the price drops a little lower.
TBH I am also waiting for it to drop down lower than $100 to buy some and hold for a couple of months.

but the drop below 100 dollars was already a week ago. I don’t think we will go down again. if we again go below $ 100 then the price can behave very unpredictably. maybe we will go below 80 and below 70 dollars

So far ETH is above $100 and this is the most important thing, but if ETH falls below $100, then already then it is necessary to look behind it and make forecasts up to what price ETH will fall.

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Quote from: xvids on March 18, 2020, 09:19:04 AM

Quote from: Python Master on March 16, 2020, 08:28:28 PM

Many traders and investors put trust in ETH. But recently ETH performance is very bad, in every market crash, ETH has biggest fall. It's strong support is $80, i can't imagine where it will go. ETH was traded between $10-$15 for a long time ( i looked back its chart).
Do you think ETH will be around $10-$15 again if its $80 support is broken?

No I don't think that it would be around $10-15 again I am sure that there would be some investor who are waiting to buy when the price drops a little lower.
TBH I am also waiting for it to drop down lower than $100 to buy some and hold for a couple of months.

but the drop below 100 dollars was already a week ago. I don’t think we will go down again. if we again go below $ 100 then the price can behave very unpredictably. maybe we will go below 80 and below 70 dollars

bitgolden

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I doubt it will but if it does then probably around 55 dollar level seems to be the reasonable answer to it. It may never go there, it may go lower, but honestly as in everything about crypto we will probably never know about neither of them before it happens, we will watch it like all others.

I personally think 80 dollars will not happen, the fall already happened and dropped so why would it continue to go lower. The best answer right now would be being over 100 dollars at all times without going under, 80 dollars is just too damn much. This coin was around 230-240 just a month ago ffs, how the hell did the markets crashed so hard, even bitcoin went from 7.5k to 5k, if same happened to ethereum it would have been around 180 dollars or so, why is it even lower!

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Quote from: Python Master on March 16, 2020, 08:28:28 PM

Many traders and investors put trust in ETH. But recently ETH performance is very bad, in every market crash, ETH has biggest fall. It's strong support is $80, i can't imagine where it will go. ETH was traded between $10-$15 for a long time ( i looked back its chart).
Do you think ETH will be around $10-$15 again if its $80 support is broken?

The market conditions continued to deteriorate to making eth prices increasingly slumped to their lowest level this year i.e. around $112 or decreased by almost 1.75% in 24 hours.
But if we look at the chart, of course the bullish trend will re-occur if eth is able to break the price resistance limit at the level of $119 and $120, so that a strong break above the resistance levels of $120 and $124 may open opportunities to move up in the near future but all the possibilities could have happened if market conditions like this would certainly have the potential for a greater possibility of bearish would occur, but I am personally convinced that eth would not drop to the current $80 price level.

xvids

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Quote from: Python Master on March 16, 2020, 08:28:28 PM

Many traders and investors put trust in ETH. But recently ETH performance is very bad, in every market crash, ETH has biggest fall. It's strong support is $80, i can't imagine where it will go. ETH was traded between $10-$15 for a long time ( i looked back its chart).
Do you think ETH will be around $10-$15 again if its $80 support is broken?

No I don't think that it would be around $10-15 again I am sure that there would be some investor who are waiting to buy when the price drops a little lower.
TBH I am also waiting for it to drop down lower than $100 to buy some and hold for a couple of months.

[email protected]

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Quote from: kaltun on March 18, 2020, 04:29:43 AM

Quote from: michellee on March 18, 2020, 04:16:28 AM

Ethereum price can go to any price, especially if the bitcoin price is down again. But for how much the price will be, no one will know, and we can only follow the price moves. But many people will not expect to see ethereum will go down below $80, and if that happens, I think many people will panic, and they will sell their ethereum to wait for another lower price. But if ethereum price really down until $10-$15, I will buy a large amount of ethereum as what other people will do.

indeed i dnt think it will touch 80 again , but if this happens , there are a lot of whales who are waiting for it and dont think they let the eth go below 50 dollars

the condition of the world economy is still not predictable. if something worse happens, the crypto market will prepare for a dump. Likewise, with ETH, it has a big potential to go up and there is also a possibility of deeper decline.

el kaka22

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This is not game over, this is game slowing down, for game to be over, the results would be much much more severe. Not like game will not be over, we don't know if in the future this will cause the game to be over or not, but we know that THIS is not game over yet. Right now world is going through something that WILL hurt the whole worlds economy like crazy, it will have horrible situations in near future, as soon as this summer.

However, it doesn't mean that it is happening right now. All these stocks going down, bitcoin going down, gold going down, oil going down, these are all just the start of it, we will also see what these going down will mean in the future. Hopefully, it will not be too severe and governments can intervene, but if not we will see another 2008.

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Quote from: Python Master on March 16, 2020, 08:28:28 PM

Many traders and investors put trust in ETH. But recently ETH performance is very bad, in every market crash, ETH has biggest fall. It's strong support is $80, i can't imagine where it will go. ETH was traded between $10-$15 for a long time ( i looked back its chart).
Do you think ETH will be around $10-$15 again if its $80 support is broken?

looking at the past (I mean the last two years), realize that even though the price dropped very hard, hardly ETH fell below $90. But we have to admit that the current scenario is different from anything we have seen in the past 5 years. in my country all institutions are taking scary measures and people are panicking even in my country not have any case of coronavirus, i wonder how people from countries infected with coronavirus must be feeling right now. That is why I would not be surprised if the price of ETH falls below $80 for some time, but will not fall below $50. So forget that you’ll see the price of $10

slaman29

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Dude, many traders put trust in anything that moves. Altcoins are like a honeypot for traders and investors in crypto, but to me they're pure speculators. I wouldn't say that ETH's a bad choice though, it's still under a lot of pressure because of 2.0, but once that completes, and if it completes well as it should, it will be like BTC after the fork. Strong and getting stronger every day.

This doesn't mean $15 isn't possible! Anything is in crypto.

kaltun

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Quote from: michellee on March 18, 2020, 04:16:28 AM

Ethereum price can go to any price, especially if the bitcoin price is down again. But for how much the price will be, no one will know, and we can only follow the price moves. But many people will not expect to see ethereum will go down below $80, and if that happens, I think many people will panic, and they will sell their ethereum to wait for another lower price. But if ethereum price really down until $10-$15, I will buy a large amount of ethereum as what other people will do.

indeed i dnt think it will touch 80 again , but if this happens , there are a lot of whales who are waiting for it and dont think they let the eth go below 50 dollars

michellee

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Ethereum price can go to any price, especially if the bitcoin price is down again. But for how much the price will be, no one will know, and we can only follow the price moves. But many people will not expect to see ethereum will go down below $80, and if that happens, I think many people will panic, and they will sell their ethereum to wait for another lower price. But if ethereum price really down until $10-$15, I will buy a large amount of ethereum as what other people will do.

Yaunfitda

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Obviously, when a support is broken, the price will simply go down and plummet. But you have to understand where are all this dumps coming from? What are the factor behind? The simply answer is that people are just scared of the recent covid-19 attacks.

So for me, there is no technicals nor fundamentals reason for the fall, so if a support is broken around $80 it will free-fall to whatever price until the covid-19 scare stop. Which means vaccines are discovered, deaths are lessen or even total eradication of the virus itself in the next coming months.

shoreno

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i guess no. the amount stated are way too low compare to the current hodlers of eth . even if many are going to sell , many are also left that continue hodling thier eth .

the amount 80 usd is also too low so i dont think itll will drop more. take a look at btc , btc already stop falling because the price were already the lowest and the people left are only legit hodlers. people should be more foccusing on btc if ever they want to sell hard than on eth because they can earn more juice on btc .

styca

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Quote from: Python Master on March 16, 2020, 08:28:28 PM

It's strong support is $80

I don't think the normal support lines have much relevance at the moment. The whole market is moving as one, and that is determined by how coronavirus spreads and how governments respond to that. No crypto support line is relevant anymore, people are panicking and moving money about a lot, I don't think anyone is considering traditional support and resistance levels. But I do think once this is over, there will be a sharp recovery.

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