Will Eth go below .05 BTC? - page 2.

RokokGudangGaram

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Quote from: DrBitcoin on June 26, 2021, 06:17:34 AM

I see no stopping it. That’s the 200 MA on the daily.
Thoughts? Predictions?

0.05 BTC is a strong support I don't think it would go lower than that price right now it's around 0.056 BTC and I think if the Bitcoin would break and go to $40,000 the Ethereum to BTC price would be off a little bit and will catch up and pump, that's what I thought based from what happened before.

crwth

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I think there's no reason for it not to, with the current trend that we have now, it's almost as if it's headed there. It's the bear market currently and all of the coins are mostly done by now. I hope it would rise above again but this could be a downtrend in the long term (with the current situation). This could definitely change once the market has recovered during this year.

Yes, I'm still bullish this year and it could reach higher again and beat the ATH.

bussybuddy

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My personal guess is that many coins have bottomed out after the market sold off.
Although very optimistic with the current situation of the market because I think there will be a strong recovery in the near term.

Reatim

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Quote from: DrBitcoin on June 26, 2021, 06:17:34 AM

I see no stopping it. That’s the 200 MA on the daily.
Thoughts? Predictions?

But this is what Ethereum moving these days mate

https://coinmarketcap.com/currencies/ethereum/

dropping to below 2k usd , 1,800 $ specifically so how could this can prevent the fall?

at this moment its 0.056 bitcoin is the value meaning there are only small fraction for this to come true.

Quote from: crzy on June 26, 2021, 06:32:19 PM

Even if ETH is a good coin, there’s a chance to go down that much and that’s around $1,500.00 if I’m not mistaken. The bear market seems to stay on this bear trend and I’m expecting a more cheaper coins that’s the best time to buy. Don’t worry that much because ETH is a good coin and you can hold it until the market able to go to a bull market again.

nope it is not 1,500 this will depend on bitcoin price but specifically this time it can be at least 1,700$.

crzy

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Even if ETH is a good coin, there’s a chance to go down that much and that’s around $1,500.00 if I’m not mistaken. The bear market seems to stay on this bear trend and I’m expecting a more cheaper coins that’s the best time to buy. Don’t worry that much because ETH is a good coin and you can hold it until the market able to go to a bull market again.

Cherylstar86

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Quote from: DrBitcoin on June 26, 2021, 06:17:34 AM

I see no stopping it. That’s the 200 MA on the daily.
Thoughts? Predictions?

Eth will keep that strong momentum which currently following btc's journey along bear and bull battle. Right now it needs our strong dedication before reaching the best price to earn our profit. Below 0.05 depends on how the market fluctuations went through as we all experience unpredictable market these days.

SaShiRaJaVu

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Quote from: Ziskinberg on June 26, 2021, 04:01:06 PM

Last time during the bull run when it breaks the wall we are saying that it has no ceiling, now that the market is bearish and everything is dumping, I would say, anything could happen, and it could dump even lower than our expectation, and yes it could go below .05 BTC.

I am yet to see this market situation as completely bearish even though he had a good correction from its all time high valuation but i would say that the rally happened from its previous all time high to the present all time high in a short period of time and the market is consolidating before we see another rally.

There is a possibility the traders would dump the alts and jump into Bitcoin if there is a rally once again in the next few months.

kurniawan05

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All possibilities can happen in the crypto world, if the decline in BTC prices continues this will make all altcoins continue to decline including ETH.

Ziskinberg

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Last time during the bull run when it breaks the wall we are saying that it has no ceiling, now that the market is bearish and everything is dumping, I would say, anything could happen, and it could dump even lower than our expectation, and yes it could go below .05 BTC.

Johnyz

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On a down trend like this, every possible dip can happen and we might see ETH goes below $1500 again if ETH failed to hold on those support level. The market is still down, though the price of Bitcoin was able to recover, some altcoins are not so expect a more volatile price, and ETH might also join the down trend of many altcoins, brace for the impact.

Mistafreeze

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Quote from: DrBitcoin on June 26, 2021, 06:17:34 AM

I see no stopping it. That’s the 200 MA on the daily.
Thoughts? Predictions?

Using your market analysis with market structure, you'll see that price is falling in a lower low and lower high manner which shows that, there is more possibility of price going below 0.5btc without stress. Although the market is still going to go up in a ranging pattern before continuing it next direction.
No one knows the real direction of the market currently or what will happen in the nearest future, this is why all we do as a trader is to analyze the market based on previous reaction of price in order to tell the possible movement that will occur in the future i.e it can be in the next moment. Everything is based on your risk management in case your analysis is wrong.

hugeblack

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Almost we have reached the bottom in many digital currencies, so unless there is a change in prices, I do not expect that we will witness levels for Bitcoin or the rest of the altcoins and therefore this percentage will be maintained unless an event occurs such as that fees increase significantly or one of the networks provides cheaper fees much.

Bitcoin is also a little low.

SaveOurSea

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I think Ethereum will be strong above 0.05 BTC, because the support price is in the range of 0.05 to 0.06,
and this level is an accumulation level, look at the correction in 2018,
the Ethereum price went to 0.055 BTC then bounced and bulls reached 0.08 BTC,
of course I still believe that this year's bullishness hasn't finished yet.

yohananaomi

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Quote from: clarkt on June 26, 2021, 11:21:20 AM

Ether might appreciate against bitcoin if bitcoin keep trading sideways! But in the event that this happened, the gain against bitcoin will be short-lived. I think there will still be more lower price on bitcoin and that will by extension affect ether as well. Ether trader should just get ready to scoop lower ether prices!

maybe not only ether that will have an impact but all alt will also be affected because the value of bitcoin can drop drastically. but right now it's true if you really want to buy and invest, because prices are all going down right now. The opportunity may end if it is not done soon. because we know that by the end of the year, there is still chance for bitcoin to experience an increase in the effects of the halving that have not been seen until now.

bitkanu

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it's possible. There are lots of short positions in bitcoin and this may make people got scared and they will be converting their ethereum to the bitcoin. There are some articles that said if bitcoin could become the safest way to keep our money. once the dominance of bitcoin will be going back again and then ethereum will be losing its price in the bitcoin value.
We are very close with 0.05 and we may go down below it as soon as possible.

tabas

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Just always include the answer into 'possible' most of the time. The market is unpredictable and we cannot see what's the accurate one to come. But to sum up that there's always the possibility that the price of ETH can go below that price you've given, you're prepared if you're always thinking like that.
And if it won't happen then that's better.

clarkt

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Ether might appreciate against bitcoin if bitcoin keep trading sideways! But in the event that this happened, the gain against bitcoin will be short-lived. I think there will still be more lower price on bitcoin and that will by extension affect ether as well. Ether trader should just get ready to scoop lower ether prices!

Raflesia

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Quote from: Coin_trader on June 26, 2021, 10:48:59 AM

Very possible considering the current situation of Bitcoin that dragging all the crypto down. ETH price highly depends on Bitcoin and BTC is on the verge of breaking its strong support. I believe ETH will hit around 0.04BTC this year before it bounce back again to new ATH.

Well, bitcoin continues to drag all coins down and ETH is slowly approaching 0.05 will this happen anytime soon? I think even when there is a recovery it will not increase immediately but the same decline will occur again and continue to be repeated with the same resistance, but in your opinion with 0.05 below is it right to buy ETH? Before it peaks, but I still have a different view when it's bearish and the price is far from ATH then it will be very difficult to return in time and I also don't guarantee there will be new ATH again this year.

Coin_trader

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Very possible considering the current situation of Bitcoin that dragging all the crypto down. ETH price highly depends on Bitcoin and BTC is on the verge of breaking its strong support. I believe ETH will hit around 0.04BTC this year before it bounce back again to new ATH.

semobo

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Quote from: DrBitcoin on June 26, 2021, 06:17:34 AM

I see no stopping it. That’s the 200 MA on the daily.
Thoughts? Predictions?

If the value of Bitcoin drops then surely the value of all cryptos including ethereum will drop for sure but if we calculate the value of eth against BTC there won't be much difference if the price drop is parallel to the bitcoin.

Technical analysis are not going to be 100% accurate so don't simply make any decisions based on that.

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