ETH can dump below 2000$ ???

[dwyane36]

I wonder if Ethereum's price will go as high as $3,000 when Bitcoin goes back to $100,000 yet again. ETH isn't following Bitcoin's price movement at all. Bitcoin has been down at around 30% since it's previous ATH while Ethereum on the other hand is down 50% or more since it's previous ATH of I think around $4,000.

ETH, like all other alts, still follows Bitcoin. But the problem is that ETH has been passively following BTC in a bullish direction since 2022. For example, when BTC was pumped to $68k in 2021, ETH rose from ~$200 to $4.5k. However, when BTC recently rose from $16k to $108k, ETH's pump was only from $1k to $4k.
Overall, it seems that ETH has become a less speculative asset compared to other alts. Nevertheless, I believe ETH will reach a new ATH anyway, but most likely when BTC is significantly above $100k.

[omori]

I wonder if Ethereum's price will go as high as $3,000 when Bitcoin goes back to $100,000 yet again. ETH isn't following Bitcoin's price movement at all. Bitcoin has been down at around 30% since it's previous ATH while Ethereum on the other hand is down 50% or more since it's previous ATH of I think around $4,000.

ETH, like all other alts, still follows Bitcoin. But the problem is that ETH has been passively following BTC in a bullish direction since 2022. For example, when BTC was pumped to $68k in 2021, ETH rose from ~$200 to $4.5k. However, when BTC recently rose from $16k to $108k, ETH's pump was only from $1k to $4k.
Overall, it seems that ETH has become a less speculative asset compared to other alts. Nevertheless, I believe ETH will reach a new ATH anyway, but most likely when BTC is significantly above $100k.

Agreed, it's just not ETH's rally yet, and many other factors play into the matter too - main attention is on the other coins.

[Stompix]

ETH, like all other alts, still follows Bitcoin.

If you say it follows Btc, then how can you explain this?


I don't know what your criteria is but if for a year period one asset gains 30% and the other loses 40%, that's the opposite of following.

[rdluffy]

ETH, like all other alts, still follows Bitcoin. But the problem is that ETH has been passively following BTC in a bullish direction since 2022. For example, when BTC was pumped to $68k in 2021, ETH rose from ~$200 to $4.5k. However, when BTC recently rose from $16k to $108k, ETH's pump was only from $1k to $4k.
Overall, it seems that ETH has become a less speculative asset compared to other alts. Nevertheless, I believe ETH will reach a new ATH anyway, but most likely when BTC is significantly above $100k.

The market often changes direction quickly

A simple and quick example is Solana which hit 294 USD 2 months ago in those days of TRUMP's coin, and seemed unbeatable until then, with everyone optimistic, and in just a few days the price melted to 118 dollars, a drop of more than 50%

With ETH there may well be a very strong pump as has happened in the past, but the ATH was  in 2021 and not having been able to reach it along with BTC when it reached 109k is a bit worrying

[tequilla_sunset]

ETH, like all other alts, still follows Bitcoin.

If you say it follows Btc, then how can you explain this?


I don't know what your criteria is but if for a year period one asset gains 30% and the other loses 40%, that's the opposite of following.

L2's are getting what dominance ETH could get during this cycle, in my opinion, and its spotlight is taken by other coins that are going into the US stockpiles. Big money for the cap could be acquired if not for them.

That's how I see it, at least.

[dwyane36]

If you say it follows Btc, then how can you explain this?


I don't know what your criteria is but if for a year period one asset gains 30% and the other loses 40%, that's the opposite of following.

Here's a chart of BTC vs. ETH from late 2017 to the present. As you can see, the movements of these two assets are very similar. The only thing to pay attention to is that since 2024, ETH has tended to decline more sharply during BTC corrections and has shown weaker growth when BTC was reaching new peaks. Nevertheless, the trend of ETH following BTC remains unchanged, although the spread between the movements of the charts of these assets has become much larger than it was before.

[sagarmota10]

As we know after btc dump and pump eth is not pump after the dump and multiple times btc pump and dump from 90k to 100k. But the things is that all dump and pump create pressure on ETH price and ETH dump at almost 50% down 2120$ something from ATH. As per my view ETH can be revist up to 2k$ and give V shape recovery to the next target price 5k 7k and 10k.

As we discussed ETH moving the same but now its turn to V shape recovery which is i personally expected in April-25 in ETH. My Target for ETH in April -2025 will be the $2800 to $$3200. So expected that alts can move gradually.

[Azharul]

If you say it follows Btc, then how can you explain this?


I don't know what your criteria is but if for a year period one asset gains 30% and the other loses 40%, that's the opposite of following.

Here's a chart of BTC vs. ETH from late 2017 to the present. As you can see, the movements of these two assets are very similar. The only thing to pay attention to is that since 2024, ETH has tended to decline more sharply during BTC corrections and has shown weaker growth when BTC was reaching new peaks. Nevertheless, the trend of ETH following BTC remains unchanged, although the spread between the movements of the charts of these assets has become much larger than it was before.

We know that Ethereum is the second level crypto in cryptocurrency world. We also know that gradually Ethereum price is increasing in cryptocurrency market. Because we know that in this time bitcoin price is increase then before few months ago. I think that when bitcoin price will increase then others crypto currency market will increase. So I think that when bitcoin price will be high, then Ethereum price will reach best position. But we also know that cryptocurrency market is always depending on up and down, so I think that if Ethereum price reach under $2k, I think it's not impossible. Because if Ethereum price will down, but next time Ethereum can recover it's market.

[dave_strider]

As we know after btc dump and pump eth is not pump after the dump and multiple times btc pump and dump from 90k to 100k. But the things is that all dump and pump create pressure on ETH price and ETH dump at almost 50% down 2120$ something from ATH. As per my view ETH can be revist up to 2k$ and give V shape recovery to the next target price 5k 7k and 10k.

As we discussed ETH moving the same but now its turn to V shape recovery which is i personally expected in April-25 in ETH. My Target for ETH in April -2025 will be the $2800 to $$3200. So expected that alts can move gradually.

So we expect BTC to bounce back in that time too?

[sagarmota10]

As we know after btc dump and pump eth is not pump after the dump and multiple times btc pump and dump from 90k to 100k. But the things is that all dump and pump create pressure on ETH price and ETH dump at almost 50% down 2120$ something from ATH. As per my view ETH can be revist up to 2k$ and give V shape recovery to the next target price 5k 7k and 10k.

As we predict the ETH is ast like the same trading below $2000, From current market condition we whales are accumulating the ETH for next few month, Institutional buying more ETH is key sign for the accumulation on every dips.

My next TP for ETH is $3000 which can come sooner in April 2025.

[Outhue]

As we know after btc dump and pump eth is not pump after the dump and multiple times btc pump and dump from 90k to 100k. But the things is that all dump and pump create pressure on ETH price and ETH dump at almost 50% down 2120$ something from ATH. As per my view ETH can be revist up to 2k$ and give V shape recovery to the next target price 5k 7k and 10k.

As we predict the ETH is ast like the same trading below $2000, From current market condition we whales are accumulating the ETH for next few month, Institutional buying more ETH is key sign for the accumulation on every dips.

My next TP for ETH is $3000 which can come sooner in April 2025.

Unemployment data is coming on April 4.
Inflation data is also coming on April 10, if ETH manages to go back to $3000 do you think it is a good time to take profit? Because that could be the beginning of ETH recovery, unless these information's turn out to be worse.

If the data are in favour of the market it will be a perfect hold, not taking profit.