Topic: Will ETH surge to $6K this week? (Read 412 times)
legendary
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Eth is a very good investment currently, every one is very bullish on eth right now, it mighty not immediately surge to the height people expect it to but personally, i have the feeling that before the 2021 ends, eth will be well above 10k$, though i cant say whether eth will enter or cross 6k this week cus am not looking for short term gain on it, but for the long term which is from now to November, i have the hope that eth will surprise everyone , but this is also if the bull market continues till then, as long as we dont slip into bear candles, am 100 percent bullish on eth.
Ether may not rise to $6000 this week since the ATH was $4000 few days ago. However, the cheap fee will definately increase ethereum network activities! I think ether need to scale so it could actually serve the demand on it's network seamlessly! Ethereum has change a lots in recent years and have attracted a lots more people into cryprocuurency. Now is the time for ethereum to scale and we may see price rise possibly $10000 before the end of year!
The scale up need process and if it took a long time, many investor could move to another platform which provide better performance.
Also with the environmental issue which hot recently, i think ETH need to move to PoS mechanism asap to create more hype to rise the price.
At the moment ETH is a currency that has shown a very good recovery in the market, it already has almost a 4% recovery, if all goes well, BTC may continue to recover and ETH would continue to rise much more than ETH, as it has previously shown:
ETH represents a unique opportunity at the moment, because if BTC continues to rise, those who bought at this time will have quick profits, it is a risk worth taking.
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On the daily chart, Ethereum (ETH) is looking bullish as the chief altcoin has successfully bounced off the $2,400 mark. Bears are losing their power, which is confirmed by the declining selling trading volume. If ETH can fix above $2,650, the next target at $3,100 may be achieved soon
Source: https://u.today/btc-eth-xrp-and-ada-price-analysis-for-may-25ETH represents a unique opportunity at the moment, because if BTC continues to rise, those who bought at this time will have quick profits, it is a risk worth taking.
I have seen many dAapps focused blockchains using two tokens one for accessing the blockchain and one for using it, this is to have more control on fees without bothering about the main token price... How is this handled by ETH? If ether reaches 10K will this mean that fees on the network will also increase?
The solution already prepared and you will be seeing a big update that will happen with ethereum. If the solution will not be fixed and then the gas will increase but this depends on the how crowded the ethereum network. I should remind you that the price of ethereum will create panic on the users and this will be making the users try to send their assets with high gas fees. that will trigger the fees to increase.
In my opinion, of course it is not impossible for ETH to reach $ 6k this week, considering the price in the market is starting to stabilize where ETH has increased 30% in a period of 24 hours, the price of ETH itself has now reached $ 2653, if it continues to increase 30-40% per day then maybe ETH can break $ 6k this week, at least that's what i'm hoping for.
I have seen many dAapps focused blockchains using two tokens one for accessing the blockchain and one for using it, this is to have more control on fees without bothering about the main token price... How is this handled by ETH? If ether reaches 10K will this mean that fees on the network will also increase?
Ether may not rise to $6000 this week since the ATH was $4000 few days ago. However, the cheap fee will definately increase ethereum network activities! I think ether need to scale so it could actually serve the demand on it's network seamlessly! Ethereum has change a lots in recent years and have attracted a lots more people into cryprocuurency. Now is the time for ethereum to scale and we may see price rise possibly $10000 before the end of year!
It will go sidewards for a while now. We will see if it can become stable again and gain some power on the buy side and then maybe build some strong momentum in favor of the bulls. For now we should more be dealing with much lower price ranges.
6k not possible in May though I think with this recent crash of Elon!
It is better to invest when the price of etherium goes down but it is difficult to say how much it will go up this week. The price of Bitcoin has dropped a lot but for prices to go down traders will invest and hold on the market will rise again. There is nothing to be disappointed about going down but the currencies are going down for correction.It is not always better to invest in a solid project when the price goes down,,, because one can never predict if the price will go down (but it does seem in our mind that it is always more likely to go down than up). What if the dip you are waiting for is lower than the new permanent support for the next rally?
For further price growth, ethereum also needs the entire cryptocurrency market to continue to rise. After the current decline, it will take some time for the uptrend to consolidate. The market is recovering so far, but very slowly. Good news is desirable for the upward movement. I don't think ethereum will have to wait until the London hard fork in July. However, in the near future it is difficult for this coin to reach six thousand dollars.
after reaching ATH $ 4,356.99 - May 12, 2021 which is certainly a surprise for ethereum, we know that at that time bitcoin was in correction. seeing that phenomenon there is a rumor that ethereum will be able to increase sharply, but today we are quite surprised that ethereum has experienced a major correction to date, the price of $ 3,918.56.which clearly explains that the chances of being able to rise sharply to reach $ 6K are clearly unlikely to happen, because obviously the correction experienced is certainly surprising. a new strength is needed to be able to recover as usual, so that to reach $ 5K gradually will be achieved in the future.
according to my prediction, there is a very high chance for ETH to hit $ 6k in the near future, because after a lot of corrections, now is the time for ETH to go to the moon again.
let's just hope and hold our ETH don't sell in the low price. this is the good time to buy.
For further price growth, ethereum also needs the entire cryptocurrency market to continue to rise. After the current decline, it will take some time for the uptrend to consolidate. The market is recovering so far, but very slowly. Good news is desirable for the upward movement. I don't think ethereum will have to wait until the London hard fork in July. However, in the near future it is difficult for this coin to reach six thousand dollars. let's just hope and hold our ETH don't sell in the low price. this is the good time to buy.
Ethereum is decreasing by 10% now, but I believe there are so many investors out there who still interested in ethereum.
But i agree with your statement about the alts will also struggle because bitcoin is dropping now. I hope this situation especially bitcoin price will be better and do not drop to deep.
But i agree with your statement about the alts will also struggle because bitcoin is dropping now. I hope this situation especially bitcoin price will be better and do not drop to deep.
I would say even this 10% drop makes it even more worthwhile for investors to come in, who may have had second thoughts about buying it above 4000,,, now this is a very attractive entrypoint for those who believe 10,000 is only a matter of time.
6k not possible in May though I think with this recent crash of Elon!
Ethereum is decreasing by 10% now, but I believe there are so many investors out there who still interested in ethereum.
But i agree with your statement about the alts will also struggle because bitcoin is dropping now. I hope this situation especially bitcoin price will be better and do not drop to deep.
But i agree with your statement about the alts will also struggle because bitcoin is dropping now. I hope this situation especially bitcoin price will be better and do not drop to deep.
I would say even this 10% drop makes it even more worthwhile for investors to come in, who may have had second thoughts about buying it above 4000,,, now this is a very attractive entrypoint for those who believe 10,000 is only a matter of time.
6k not possible in May though I think with this recent crash of Elon!
ETH has the capacity to reach 5K by July, but some kind of correction will follow before that. The question of how much ETH will be adjusted before the new ATH is now a good question.
More and more companies starting to accumulate ethereum at the dip price. 5k will be very reasonable to be achieved by ethereum next months. more and more supply gone to the personal wallet and less coins in the circulating supply has been triggering the price to increase. POS will bring more and more holders to stake their coin into the network to earn the passive income. So many people will bet on this thing for sure.Less circulating supply and it will be gaining more price as people must have paid more money to get ethereum.
6k looks like another good rate for ethereum
Ethereum's founder selling ethereum at $ 4000 damaged ethereum. He made the wrong move in my opinion and blocked the rise of ethereum. But the ethereum will continue to rise.
according to my prediction, there is a very high chance for ETH to hit $ 6k in the near future, because after a lot of corrections, now is the time for ETH to go to the moon again.
let's just hope and hold our ETH don't sell in the low price. this is the good time to buy.
let's just hope and hold our ETH don't sell in the low price. this is the good time to buy.
After this market correction it will be easy for ETH to surge into $6k, believe me go all in on ETH and it will be easy money for all of us.
$6k surely will happen in this month!
$6k surely will happen in this month!
Regardless of how much doubt ever since the 2018 dump Ethereum has recieved, many people are surprised on what is happening with it right now. Its value is continuously increasing at the moment and there are lot of price prediction going on. The probability that Ethereum will achieve many new ATHs is very high considering that bitcoin's price movement is going up too. Maybe before the year ends, we will see Ethereum reaching atleast $5k price so we should set our investments ready for that or start investing while it hasn't happened yet.
ETH has been very close to continuing to break marks, in addition ETH has had the good luck that since it begins to fall investors and traders buy in the fall, this has been demonstrated throughout this week and the previous one, in fact it was expected That for today BTC will reach $ 70k for some predictions, and obviously if BTC enters a bullish trend then ETH will follow that same direction:
According to Cointelegraph's analysis that has been very successful, they show:
Source: https://cointelegraph.com/news/price-analysis-5-13-btc-eth-bnb-ada-doge-xrp-dot-bch-ltc-uni
I think that this week it is already very difficult for me to reach the $ 6k mark, however anything can happen, it is a matter of waiting
According to Cointelegraph's analysis that has been very successful, they show:
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if the price turns down from the current level or the overhead resistance and breaks below the 20-day EMA ($3,348), it will suggest that supply exceeds demand. That could pull the price down to $3,000 and then the 50-day simple moving average ($2,552).
Source: https://cointelegraph.com/news/price-analysis-5-13-btc-eth-bnb-ada-doge-xrp-dot-bch-ltc-uni
I think that this week it is already very difficult for me to reach the $ 6k mark, however anything can happen, it is a matter of waiting
Well, everyone can now say thank you to Elon because not only did BTC drop over 10%,,, it seems even ETH has lost almost as much and is now struggling to keep above $4000. I guess the markets are no longer as interrelated as before but when crypto drops because of BTC, it is very hard to avoid altcoins also dropping.
It looks like the entire market was waiting for a news like this, Elon Musk talked about the huge amount of energy used to mine the coins and it was a catalyst for the entire market to go down as if only POW coins exist in the market 
. If not for his green energy stand we could have seen the ETH price crossing $5000 this week as the momentum was really in favor and now it might take weeks or month to see a recovery.
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