Will Ethereum (ETH) hold its price?

[Vx1]

-snip-
It's just that prices are currently dropping quite a bit, following the drop in Bitcoin prices. Yes, we just have to wait for Bitcoin to increase again to measure how much Ethereum will increase next.

Dominance: BTC: 54.3% and ETH: 18.2% and it is very natural when Altcoins fall because the market is also not doing well.
Ethereum has a lot of opportunities to rise as it is getting better and also follows the price of Bitcoin.

Still at $3,500 and still quite affordable, there will be a higher price target that ETH could reach in the near future if market conditions start to improve.  Expecting ETH to reach its new ATH when Bitcoin also reaches it, it's only a matter of time before it holds out for the long term.

I also believe that the price of Ethereum will soon rise while the price of Bitcoin also rises, so while the price is going down now, maybe this is the right time to increase your load. 
The price of the big coin Ethereum will rise very easily, and when the price falls like now it shouldn't be a panic for traders or holders of this coin.

[JISAN]

-snip-
It's just that prices are currently dropping quite a bit, following the drop in Bitcoin prices. Yes, we just have to wait for Bitcoin to increase again to measure how much Ethereum will increase next.

Dominance: BTC: 54.3% and ETH: 18.2% and it is very natural when Altcoins fall because the market is also not doing well.
Ethereum has a lot of opportunities to rise as it is getting better and also follows the price of Bitcoin.

Still at $3,500 and still quite affordable, there will be a higher price target that ETH could reach in the near future if market conditions start to improve.  Expecting ETH to reach its new ATH when Bitcoin also reaches it, it's only a matter of time before it holds out for the long term.

I also believe that the price of Ethereum will soon rise while the price of Bitcoin also rises, so while the price is going down now, maybe this is the right time to increase your load. 
The price of the big coin Ethereum will rise very easily, and when the price falls like now it shouldn't be a panic for traders or holders of this coin.

This topic was opened in 2020 when the ETH price was around $250 and now ETH is on the dip at $3500.  Then see the difference over time.  Eth is a coin with a lot of potential and it will be very valuable in the future.  So I think we still have a lot of time and opportunity  Buy and hold ETH.  We missed the Bitcoin opportunity.  Now Bitcoin is so expensive that it is out of our reach.  So everyone should take advantage of ETH.  I am not giving financial advice to anyone.  But speaking of a possible future for ETH

[NikeFit_7777]

SEC head Gary Gensler gave a new interview to CNBC yesterday, main talking points:

1. The SEC controls the $110 trillion capital market, cryptocurrency is a small part of this market.

2. Issuers of digital assets hide information from investors, and there is a lot of fraud in crypto in general.

3. Although the crypto market is very small, I get asked a disproportionate number of questions about it, the media is too focused on this market.

4. Ethereum ETH approval is being considered.

5. By law, most cryptocurrencies are securities

Link to interview: https://www.cnbc.com/2024/05/07/cnbc-exclusive-cnbc-transcript-sec-chair-gary-gensler-speaks-with-cnbcs-andrew-ross-sorkin-on-squawk-box-today.html

[NikeFit_7777]

Ethereum co-founder Vitalik Buterin admitted his lack of enthusiasm for celebrity-related meme-coins. He urged to focus on projects with a focus on public goods rather than on enriching insiders. This is how Buterin commented on Iggy Azalea's Mother Iggy (MOTHER) meme-coin. He cited the NFT collection and the 2021 animated series Stoner Cats from Ashton Kutcher and Mila Kunis as “more honorable” celebrity involvement.

P.S. Vitalik is right as always and I agree with him 100%. No one will make money in meme-assets - it's like a casino, where the person who is playing drains money down the drain. 

[Hamza2424]

This topic was opened in 2020 when the ETH price was around $250 and now ETH is on the dip at $3500.  Then see the difference over time.  Eth is a coin with a lot of potential and it will be very valuable in the future.  So I think we still have a lot of time and opportunity  Buy and hold ETH.  We missed the Bitcoin opportunity.  Now Bitcoin is so expensive that it is out of our reach.  So everyone should take advantage of ETH.  I am not giving financial advice to anyone.  But speaking of a possible future for ETH

Hmm this what we call the long term potential view, if you hold patience on a good thing it can change most of things in your life, but there's always a factor control over the emotions like, for one who bough at $190 or even lower even ETH hit $1k for him it would be great temptation to hold his/her greed, if he/she could resist that greed by proper profit booking strategy he/she can enjoy better profits.

TBH, ETH has still a lot to do, and according to the current market situation ETH can be a great opportunity because market is already on a major dip and ETH is available for the accumulation under most reliable and potential asset for good returns over a decent timeline.

[philipma1957]

Eth is a train wreck waiting to happen. Mr V would love to find an exit from it.

[NikeFit_7777]

ETH - looks somehow more cheerful among all altcoins. Probably because of the upcoming ETF. And just keep the price at this level, while paying attention to the news agenda from on-chain service Santiment: "Whales bought over 700,000 ETH in the last three weeks totaling approximately $2.45B". So I dare to suggest that this transaction may be very reasonable.

P.S. Try not to repeat someone else's actions - on the contrary, try to analyze + don't pass the buck to other users. Only in this case you can achieve success. Everything I wrote is just a thought out loud - nothing more.

[sampoerna]

ETH - looks somehow more cheerful among all altcoins. Probably because of the upcoming ETF. And just keep the price at this level, while paying attention to the news agenda from on-chain service Santiment: "Whales bought over 700,000 ETH in the last three weeks totaling approximately $2.45B". So I dare to suggest that this transaction may be very reasonable.

ETH's decline was quite serious. The ETH price dropped quite a bit even in 7 days, the graph is very steep. This decline is due to prices following market developments, yes, it seems it is still related to yesterday's issue. So the market drops very easily, including ETH.

And it's true, there's no need to be very panicked about how the price of ETH will fall, because the market is still like this. In fact, this is a very good moment for us to add ETH assets or other coins. With prices that are actually dropping, this will definitely provide benefits for anyone who uses the DCA system or by buying at the rate below and holding for the bullrun. Of course, because of that, we should be able to take advantage of all market conditions to get positive earning opportunities.

[sampoerna]

I also believe that the price of Ethereum will soon rise while the price of Bitcoin also rises, so while the price is going down now, maybe this is the right time to increase your load. 
The price of the big coin Ethereum will rise very easily, and when the price falls like now it shouldn't be a panic for traders or holders of this coin.

If we compare it with Ethereum's performance over the last 7 days, the price of Ethereum has really dropped, following Bitcoin. It's just that, in the past 2 days, especially today, ETH's struggle to recover from the market crash has been quite good. Yes, at least the coin has experienced quite a big increase after the really deep crash that occurred on July 7, which saw a decline of more than 10%. And now the price of these coins is starting to rise again.


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

especially in the last 1 day, the performance is quite good with an increase of 1.16%, this is nothing compared to the large decline that has been experienced in the last 7 days. But at least the ETH market is starting to improve. Yes, we'll see in the next few hours whether this coin will rise again or whether it will fall again to touch another support again.

[bounceback]

If we compare it with Ethereum's performance over the last 7 days, the price of Ethereum has really dropped, following Bitcoin. It's just that, in the past 2 days, especially today, ETH's struggle to recover from the market crash has been quite good. Yes, at least the coin has experienced quite a big increase after the really deep crash that occurred on July 7, which saw a decline of more than 10%. And now the price of these coins is starting to rise again.

Ethereum is the only altcoin have faster recovery when bitcoin going down last several days ago, since dropping under $2,8k behind bitcoin dropped significant today Ethereum show the positive progress raise up above $3,1k. Seems too early for ethereum raising to higher price than other altcoin depend on bitcoin recovery or not.
I think current price around $3,1k its not the higher price if bitcoin keep show the progress recovery and break out higher price. Has potential for Ethereum getting up again above $3,5k in short term depend on bitcoin not get correction or not several days later and keep going up.

[Vx1]

If we compare it with Ethereum's performance over the last 7 days, the price of Ethereum has really dropped, following Bitcoin. It's just that, in the past 2 days, especially today, ETH's struggle to recover from the market crash has been quite good. Yes, at least the coin has experienced quite a big increase after the really deep crash that occurred on July 7, which saw a decline of more than 10%. And now the price of these coins is starting to rise again.

Ethereum is the only altcoin have faster recovery when bitcoin going down last several days ago, since dropping under $2,8k behind bitcoin dropped significant today Ethereum show the positive progress raise up above $3,1k. Seems too early for ethereum raising to higher price than other altcoin depend on bitcoin recovery or not.
I think current price around $3,1k its not the higher price if bitcoin keep show the progress recovery and break out higher price. Has potential for Ethereum getting up again above $3,5k in short term depend on bitcoin not get correction or not several days later and keep going up.

Ethereum rose faster than other coins because many investors and traders put their assets into Ethereum, so demand in the market increased faster. 
The decline in Bitcoin and Altcoins in recent days has frustrated many people, especially newcomers. 
They experienced a fairly deep decline in portfolio value, but for people with a strong investor/trader spirit, this decline will foster a stronger mentality.

[legend45]

Ethereum rose faster than other coins because many investors and traders put their assets into Ethereum, so demand in the market increased faster. 
The decline in Bitcoin and Altcoins in recent days has frustrated many people, especially newcomers. 
They experienced a fairly deep decline in portfolio value, but for people with a strong investor/trader spirit, this decline will foster a stronger mentality.

A strong mentality is built due to experience. If you don't have experience, you will definitely panic, so it will take a long time to have a good mentality.
The increase in ethereum is faster than others because investors have higher confidence after the ETF is approved, they expect the price of ethereum to rise high during the bullish season.

[philipma1957]

I never cease to be amazed how eth is still getting the support it does.

Especially since it stopped pow . but thread after thread forum after forum and people praise eth and think it will climb back over 5k.

I still don’t see it happening.


And shout out to mr v you owe me 2 eth coins.

[Vision pro]

I never cease to be amazed how eth is still getting the support it does.

Especially since it stopped pow . but thread after thread forum after forum and people praise eth and think it will climb back over 5k.

I still don’t see it happening.


And shout out to mr v you owe me 2 eth coins.

I can't agree with you because no matter how much the price goes up bitcoin will never go up.  And Ethylium will never be equal to Bitcoin.  As you can see in the markets you will understand if you do the analysis.  All year long market you analyze the difference between bitcoin and ethereum you will get the answer to your question.  Bitcoin is a point created only to increase in price.  It has no specific owner but Ethium does.  So it is possible to get scammed with Ethereum but you can never get scammed with Bitcoin because it is self-contained.

[pieppiep]

I never cease to be amazed how eth is still getting the support it does.

Especially since it stopped pow . but thread after thread forum after forum and people praise eth and think it will climb back over 5k.

I still don’t see it happening.


And shout out to mr v you owe me 2 eth coins.

I can't agree with you because no matter how much the price goes up bitcoin will never go up.  And Ethylium will never be equal to Bitcoin.  As you can see in the markets you will understand if you do the analysis.  All year long market you analyze the difference between bitcoin and ethereum you will get the answer to your question.  Bitcoin is a point created only to increase in price.  It has no specific owner but Ethium does.  So it is possible to get scammed with Ethereum but you can never get scammed with Bitcoin because it is self-contained.

Bitcoin will experience a price increase every 4 years, usually it happens because of the factor of miners who have difficulty producing Bitcoin again. While the price of Ethereum will never be equal to the price of Bitcoin. Both have different coin characteristics. Bitcoin and Ethereum have very different supplies. This is what makes Ethereum never have an equal price.