Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Coin_Gabbar on September 16, 2022, 02:41:41 PM
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The second half of August saw a significant decline in the price of Ethereum as the market as a whole corrected.
However, the altcoin found a solid foundation near the $1400 support level and resumed the current recovery. If the Merge event has no negative effects, the coin price should progressively surpass $2000 under the influence of the cup and handle pattern.
At $1800 resistance, the price rebound of Ethereum slows. With a current value of 45%, the Ethereum Fear and Greed Index has ascended to the middle of the spectrum. The $12 billion intraday trading volume for Ethereum indicates a loss of 12.4%.
Anyhow, a large event of this nature typically results in strong market volatility and may find an easy upsurge to ride if things go well. Additionally, Vitalik Buterin, a co-founder of Ethereum, cautioned in an interview that it might take six to eight months for The Merge to affect the price.
Additionally, a daily candlestick close of $1800 will complete the cup and handle pattern formation and quicken the bullish momentum. This bullish pattern frequently appears at the market bottom and starts a rally in one direction. The bullish breakout should therefore drive the price of Ethereum 13% higher and encourage traders to surpass the $2000 neckline resistance.
Technical indicator-
OBV signal: An increase in this momentum indicator encourages the rally to continue and break through the $1800 level.
Relative Strength Index: The daily-RSI slope increased significantly since the peak on August 25th, suggesting that the market sentiment is still improving.
EMAs: The 20- and 50-day EMAs, which traditionally have served as great dynamic resistance or support, were breached during the most recent bull run. Therefore, the coin price trading above them will help buyers keep the recovery rally going.
Resistance level- $1800 and $2000
Support level- $1550 and $1410
For more information visit Coingabbar.com
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No, I don't think Ethereum price will not rise to 2K USD at the coming weeks.
Ethereum price will reach around 1,500- 1,700 USD at this month.
Crypto market will struggle as long as this year.
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Yes ethereum has enough potential to move forward, recently there has been an event in ethereum of ethereum merge which will increase the value of ethereum. It is possible that in the coming weeks, the value of Ethereum will reach $200.
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Yes ethereum has enough potential to move forward, recently there has been an event in ethereum of ethereum merge which will increase the value of ethereum. It is possible that in the coming weeks, the value of Ethereum will reach $200.
$200 ? I think you're typo.
We know Ethereum has potential to reach 2K USD , but I don't it will be at this month.
Maybe at q4 at this year, we will see Ethereum will reach around 1,800 USD - 2,000 USD.
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If we see the current condition of this market, the seems like still being very difficult. ALhotugh after the merge and many people expect for rising price, in fact until now the impact is still not visible. However we have known how hard the market will rise up because we know this is still in the bearish era. To reach $2k in the upcoming week may be very easy reach. But honestly, I also really wnat this really happen
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If we see the current condition of this market, the seems like still being very difficult. ALhotugh after the merge and many people expect for rising price, in fact until now the impact is still not visible. However we have known how hard the market will rise up because we know this is still in the bearish era. To reach $2k in the upcoming week may be very easy reach. But honestly, I also really wnat this really happen
Agreed, by seeing current market conditions, I think Ethereum and other will struggle.
Don't think about 2000 USD, because bitcoin is going down again now.
Better to buy more and hold for long term investment.
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No, I don't think Ethereum price will not rise to 2K USD at the coming weeks.
Ethereum price will reach around 1,500- 1,700 USD at this month.
Crypto market will struggle as long as this year.
there won't be any surprises that will happen as we enter the last month of the year, and I will probably agree with the colleagues above that nothing will make ethereum increase. so ethereum on the last week of october will just move the same as the previous months.
will start to improve maybe in the middle of next year and even then if the inflation that made the recession can be overcome, because everything has made people refrain from spending.
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It will happen soon. Just sit back and relax because the market is still in red blood right now. Just understand that every coin in the market is suffering as of the moment and are still waiting for their turn to fly. Anyway, there is no news needed for Ethereum to grow. Ethereum is a very solid project that have already proven a lot of things in the crypto world. There is no unnecessary hyping needed for legit coins to soar high. They will grow naturally because of the great features they offer.
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The market is now not in the position that all projects and investors would like to see, in such a short period of time, the Ether will have time to grow to $ 2K. When the market starts to recover, then we will need to talk about it.
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It's hard to say Ethereum price will rise to 2000$ in upcoming week, because it's bear market.
I think Ethereum price will reach around 1,500-1,700$ USD at Thai Month.
But hopefully crypto market will grow, although it seems impossible
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At the moment the market is moving slowly, it doesn't look like ethereum will rise to $2000 in the coming weeks. According to my opinion, it can be envisaged to reach here in the coming year.
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At the moment the market is moving slowly, it doesn't look like ethereum will rise to $2000 in the coming weeks. According to my opinion, it can be envisaged to reach here in the coming year.
Yeah, Ethereum and other crypto seems struggle.
I don't expect too much for the crypto price at this month.
I think we should buy when the dip and start to hold for long years, exactly two years for hold
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Now you forget about such growth in the coming years, the market will not recover so quickly, of course anything can happen to the market since its volatility is very high.
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Now you forget about such growth in the coming years, the market will not recover so quickly, of course anything can happen to the market since its volatility is very high.
Yep, the market won't recover quickly, because it's bearish season.
Bearish season will continue until 2024 before bitcoin halving
After halving we will see the crypto market recover
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May be the ETH coin will touches the $2000 but this is not possible because the price of the coin is so much down almost now this time, the coin price is go high because soon the big whales will start to invest in this market and that time the ETH coin will make great high and that time the other ALT coins will make a very great high also.
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May be the ETH coin will touches the $2000 but this is not possible because the price of the coin is so much down almost now this time, the coin price is go high because soon the big whales will start to invest in this market and that time the ETH coin will make great high and that time the other ALT coins will make a very great high also.
Yeah, Ethereum price downs.
But It's stable there.
I think at the beginning the next year, Ethereum will start to recover and more expensive than now.
Several people said.
So, let's see.