Why ETH price keeps decreasing? - page 5.

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Quote from: Zanab247 on October 14, 2022, 12:32:48 AM

...I guess, Ethereum team are seriously working to ensure Ethereum price increase higher before the end of this year for both long term traders and short term traders to believe that Ethereum still remain in second position among cryptocurrencies.

Raising the price of ETH is not the responsibility of the team. Since the main task of recent years has been implemented and the Ethereum merger took place last month, the team sets itself the next tasks related to increasing the Ethereum bandwidth and reducing network fees.

BIT-BENDER

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Well there is no accurate answers as to why Ethereum price keeps decreasing but I can say too many activities are been carried out on Ethereum of recent.

From the merger to now thousands of Ethereum burned all of this can have its short term effects which is what we are seeing right now on Ethereum. But if I were to be a holder I won't panic because the long term situation of Ethereum is looking bullish.

Xal0lex

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Quote from: ChillyMatthew on October 13, 2022, 12:51:57 PM

Why hasn't this had a beneficial effect on the price of ETH?

Because it's in a bearish trend right now and fundamentally the market is extremely weak. ETH suffered some turmoil in September after the move to PoS. The coin lost over $50 billion in capitalization. ETH was growing till mid September only due to speculations from those who expected ETH to grow fast and make fast money on the price difference. After the merger happened, all those speculators left the market in a hurry. Now we shouldn't expect anything supernatural from ETH.

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Quote from: dansus021 on October 13, 2022, 09:21:09 PM

not just eth but the bitcoin too, the world economy right now is not at the good shape and it have impacted to crypto aswell. and after merge the eth doesnt make the price move up in fact i just lose on eth when i long in binance futures but the price is keep going down Cheesy

Merge is not the main point that can pump the price of ethereum. Ethereum itself is still rely with bitcoin. that doens't make sense if ethereum was pumping alone without bitcoin being pumped first. i meant we must also realize about the fact that if these days ethereum was not doing so good. So many people expect merge to create hype but none happened.

Everything happens logically: the entire cryptocurrency market continues to fall in price, so ethereum also falls in price. In addition, the update of the ethereum network has not yet been fully completed. Yes, and everything needs to be rubbed and subsided. Therefore, you need to wait until the market starts to recover. Ethereum will still show a good price growth rate. This is one of the most promising for the growth of cryptocurrencies. Everything has its time.

bitzizzix

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All because bitcoin can affect all coins, and bitcoin and cryptocurrency market sentiment is often influenced by various factors, such as expert forecasts or political events and so on.
However, if analyzed in a broader time frame, it turns out that the price of most cryptocurrencies especially ethereum can be very dependent on bitcoin price movements.
and even if ethereum or any other coin increases, it won't take long, it will eventually fall back down as long as the bitcoin price goes down.

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Quote from: danherbias07 on October 14, 2022, 03:02:30 AM

The hype is over about the Merge, expect a correction in the Ethereum market.
Now, if there will be a reason why it should increase again I think it's because of the good news about the staking process. The number of profits that will be shared by those who bought 32 Ethereum or more as a validator.
Right now, it's a good thing that it's going down for those looking for an entry point and wanting to join in. This could be their chance to reach the minimum amount to stake at home.

Staking on Ethereum seems to have to have a large capital to get a good profit,
especially at this time the very expensive price of Ethereum makes it difficult for people to buy just 1 ETH.
moreover to become a validator is also not easy, Ethereum Merge will only have a bad impact on Ethereum I think.

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The hype is over about the Merge, expect a correction in the Ethereum market.
Now, if there will be a reason why it should increase again I think it's because of the good news about the staking process. The number of profits that will be shared by those who bought 32 Ethereum or more as a validator.
Right now, it's a good thing that it's going down for those looking for an entry point and wanting to join in. This could be their chance to reach the minimum amount to stake at home.

globalpain

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Quote from: dansus021 on October 13, 2022, 09:21:09 PM

not just eth but the bitcoin too, the world economy right now is not at the good shape and it have impacted to crypto aswell. and after merge the eth doesnt make the price move up in fact i just lose on eth when i long in binance futures but the price is keep going down Cheesy

Yes, we know that the market is still bearish, plus the global economic condition is not doing well and this indirectly affects the crypto market as well.
merging Ethereum does not mean making its price automatically go up,
maybe when the Ethereum bulls will rise, we'll see in the future

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Quote from: libert19 on October 14, 2022, 12:18:15 AM

In bear, coins keep decreasing no matter how good the circumstance may be, and in bull even an ama news would shoot coin up through sky Tongue

Being speculative, this is how the market used to move. The market sentiment for ethereum over the last thirty days seems to be on the declining side. There is small bounce in the market over the last 24 hrs and this has made ethereum go $1300+ in price. Parallel to the same there is more bearish moves incoming over the next five days based on prediction from experts. This will set the price between $1050-$1100. Everything is based on the ongoing market trend.

Zanab247

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Since Bitcoin price is still low in this bear season other coins price will be low too, because Bitcoin still remain the king among other cryptocurrencies, whenever Bitcoin price is increasing in the market, Ethereum price will be increasing too. I guess, Ethereum team are seriously working to ensure Ethereum price increase higher before the end of this year for both long term traders and short term traders to believe that Ethereum still remain in second position among cryptocurrencies.

libert19

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In bear, coins keep decreasing no matter how good the circumstance may be, and in bull even an ama news would shoot coin up through sky Tongue

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Quote from: wxa7115 on October 13, 2022, 11:33:57 PM

Markets have inertia, just because a good news comes up this is not going to change the way people feel about an asset or a whole market in an immediate way.

People forgot that we are in a bear market. They did not realize that if The Merge is something too big and can have instant effect on Ethereum network, transaction fee, for users and developers, it should not be released in bear market.

If they understands it, they should not get greedy to much with The Merge. Because lot of works and upgrades must be done after The Merge. So next bull run, we will likely have them from Ethereum team, not in this bear market.

Quote

So this is a process which takes time and you will need to wait for the positive news of the ethereum network to be reflected in its price, how long should you wait? At least a few years if you ask me, as there are many indicators which point out to the markets being in a bad shape and we do not know when things will improve.

I believe that they are working to release it in next bull market, in either 2024 or 2025. I believe Ethereum can touch $20,000 in 2024 or 2025 with such upgrades.

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Quote from: ChillyMatthew on October 13, 2022, 12:51:57 PM

Hi everyone. I'd like to get your take on this since I'm not really sure what am I missing here.

Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.

Why hasn't this had a beneficial effect on the price of ETH?

Original source:

https://twitter.com/thetokenist/status/1580532690360872961

https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/

Markets have inertia, just because a good news comes up this is not going to change the way people feel about an asset or a whole market in an immediate way.

So this is a process which takes time and you will need to wait for the positive news of the ethereum network to be reflected in its price, how long should you wait? At least a few years if you ask me, as there are many indicators which point out to the markets being in a bad shape and we do not know when things will improve.

Humility4sure

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From what we can see in the cryptocurrency space, the decreasing price is not only affecting ethereum but almost all the projects in the market. Bitcoin is not left out as the value has been on a down trend for a while now.
No doubt, ethereum was expected to pump following the completion of the merge, but I guess the market forces tied to Bitcoin is strong.

dansus021

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not just eth but the bitcoin too, the world economy right now is not at the good shape and it have impacted to crypto aswell. and after merge the eth doesnt make the price move up in fact i just lose on eth when i long in binance futures but the price is keep going down Cheesy

merekamo

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This doesn't seem to be happening now, last month it was like that, and the year before that it was like that too. There are many factors that come into play in predicting how well an asset will perform in the ETH market.

I think, for this case there was a previous dip in the market when the ICO was cashed out and it didn't make any real impact on the ETH price.

Another reason why the price of Ethereum is not rising despite the reduced supply is that demand is relatively stable. It's just that there isn't a strong enough market for ETH to push the price up at the moment.

Rengga Jati

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You can't even call a pump during the bearish trend easily. The big update meant nothing when it was being launched during the bearish trend like this time. I think that anyone also aware about this too about how harsh the bearish market right now.
There are so many things that may be changed in the future. The problem is people didn't even aware about this and keep yelling bullish to come during the winter season.

ETH is actually experiencing the same situation as other altcoins during this bearish era. Many altcoins cannot pump, except the new coin or token listed by the new projects, some of them have high pump but after that? they are also falling down. SO, we cannot see Ethereum to be fall down was only in one opinion.
During this bearish, many altcoins including ETH is struggling how they can be stringer every time, to be far away from the bottom, and keep increasing. But the market is always unpredictable and FUD is always spreading. Just be patient and wait for the bullish coming.

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You can't even call a pump during the bearish trend easily. The big update meant nothing when it was being launched during the bearish trend like this time. I think that anyone also aware about this too about how harsh the bearish market right now.
There are so many things that may be changed in the future. The problem is people didn't even aware about this and keep yelling bullish to come during the winter season.

bearish trend still give bigger influence to crypto market ,and maybe ethereum investors now taking profits after eth hype gone when POS migration done. Its market psychology that need to explore , fundamental sometime didnt work in hard bearish trend. I Saw some strong altcoin with recently released main fundamental but market said it just temporary work.look at RSR mainnet live now but price keep declining.

zonefloor

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Although a major cryptocurrency supports Ethereum, it operates under bitcoin dependency on all altcoins. As we are currently in bear season, bitcoin is declining and other altcoins are seriously affecting it. I am not tying any of them to the update made by Ethereum. Because we are in the bear season and these decreases will continue for a while.

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According to my Openion the point is we are now confused as ETH was Diflationary coin before the merge but for now the ETH seems to be and inflationary coin that can be a reason for your question. As i am not sure about it still that what i think. The whole market is going through the captulation and so far ETH too. So don't worry lets see what happens in the Bull run.

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