Is this a good time to buy/stake ETH?

[rdluffy]

I was more optimistic about ETH, I have a little bit that I mined with my GPUs until the end of POW
I thought that ETH would be stronger in terms of value, and that it would also have reached ATH along with BTC at 72k, but the value of ETH seems to be held back by a lot of selling

I believe that much of the culprit lies with the L2s that have taken advantage of ETH's high fees, even though these networks depend on ETH, the money is quite diluted at the end of the day
L2s like Arb, Op, Scroll, Linea etc

[nakmantu99]

I was more optimistic about ETH, I have a little bit that I mined with my GPUs until the end of POW
I thought that ETH would be stronger in terms of value, and that it would also have reached ATH along with BTC at 72k, but the value of ETH seems to be held back by a lot of selling

I believe that much of the culprit lies with the L2s that have taken advantage of ETH's high fees, even though these networks depend on ETH, the money is quite diluted at the end of the day
L2s like Arb, Op, Scroll, Linea etc

I am not a miner, I am just an ETH holder. For me, mining requires a large capital and I do not have that cost, so I decided to become a holder and also a trader in crypto. Maybe if I had a large capital to buy equipment for mining, I would choose to become a miner. But it seems too late because miners have done it long ago. I should focus on being a holder and trader.

[rdluffy]

I am not a miner, I am just an ETH holder. For me, mining requires a large capital and I do not have that cost, so I decided to become a holder and also a trader in crypto. Maybe if I had a large capital to buy equipment for mining, I would choose to become a miner. But it seems too late because miners have done it long ago. I should focus on being a holder and trader.

ETH is now POS-only, there's no longer any way to mine with GPUs as in the past
I commented that I still have ETH from when ETH was still minable with GPUs

Nowadays, in my opinion, the best use for ETH is to try to use it to earn some airdrops
I'm not good at trading 

[UNIVERSE]

I am not a miner, I am just an ETH holder. For me, mining requires a large capital and I do not have that cost, so I decided to become a holder and also a trader in crypto. Maybe if I had a large capital to buy equipment for mining, I would choose to become a miner. But it seems too late because miners have done it long ago. I should focus on being a holder and trader.

I am ETH holder, too. Yes, if we wants to mine Ethereum, it needs a big capital. It is much easier to choose holding ETH if we have limited capital. I also have limited capital, so I also decide to be a holder and trader of crypto coin, including Ethereum. Even if I have large capital, I still don't try to choose mining because I am not familiar with mining. In my own view, being a trader and investor are the best way if we have no good knowledge in mining.

[Kemarit]

For trader buy back when Ethereum dropped almost $2.2k almost earn much profitable around 20% after Ethereum raising up price yesterday to $2,7k, but many people got loss before because most of them buy back Ethereum when price still up above $3,2k including my self have to be long term holder awhile.
Keep accumulation right now is the best thing for Ethereum during price still lower and potential recovery back above $3k in near future if bitcoin price keep stable up to $60k. I think not difficult as usually how Ethereum get back recovery back to the higher price or ETH potential break out again above $4k.

Hmm, Yup BTC made a quick recovery and now trading above the 60.5k range if Bitcoin holds this as a support level which more likely going to happen it won't be difficult for the good Altcoin projects to shoot up crazy, still, ETH hasn't made a recovery as its trading around 2.6k and I do agree with you that most of the people bought at 3.2k to 2.4k range, and haha the funny part is I was also one of them. In a recent dump and still, ETH is still worth it to accumulate. I'm not highly positioned in the ETH but i wanted to, for now I'm out of funds maybe soon, i'll grab other opportunity.

Bitcoin just had a fake breakout, it didn't support that level of $60,000 but instead goes on another correction at $58,000. And ETH is still at the $2,600, volume of this two is obviously down. I haven't check the news yet as what causes the price to go down as well as I thought that Bitcoin at least could be headed to $62,000.

In any case, I will still go and invest on ETH, we can still double our money when the altcoin market started to make a bull run. So I guess we shouldn't worry by now, the price is still good as perhaps this is just another minor correction and people just getting their profits.

[bayiajaib]

Bitcoin just had a fake breakout, it didn't support that level of $60,000 but instead goes on another correction at $58,000. And ETH is still at the $2,600, volume of this two is obviously down. I haven't check the news yet as what causes the price to go down as well as I thought that Bitcoin at least could be headed to $62,000.

In any case, I will still go and invest on ETH, we can still double our money when the altcoin market started to make a bull run. So I guess we shouldn't worry by now, the price is still good as perhaps this is just another minor correction and people just getting their profits.

Bitcoin doesn't seem to have the strength to reach $60K again, but we can wait for it because this is just a process, even people predict that bitcoin will strengthen again in November and December. The problem of why bitcoin doesn't seem to show progress to go up, there is still a possibility of massive selling.

[Manna]

I'm not so surprised some CEXs have brought events for the approval of the ETF, it's something worth celebrating actually. I've seen a few events that are quite stressful but I've seen some that reward you for just the normal daily things you do on a CEX like Bitget giving out memecoins even though it's little but it's something

ETF approval by the Centralized Exchange (CEX) and events organized by the experts usually show new attraction and growth towards the market.  ETF (Exchange-Traded Fund) approval is a major step that could increase the legitimacy and mainstream acceptance of the cryptocurrency market.
 Some special topics:

 1.ETF Approval This is an important step, leading to market regularity and increasing investor confidence.  This demonstrates a great deal of validity for cryptocurrency products.
 Such events and programs can be helpful in understanding the changing nature of the cryptocurrency market and new opportunities.

[de_prof]

Bitcoin just had a fake breakout, it didn't support that level of $60,000 but instead goes on another correction at $58,000. And ETH is still at the $2,600, volume of this two is obviously down. I haven't check the news yet as what causes the price to go down as well as I thought that Bitcoin at least could be headed to $62,000.

In any case, I will still go and invest on ETH, we can still double our money when the altcoin market started to make a bull run. So I guess we shouldn't worry by now, the price is still good as perhaps this is just another minor correction and people just getting their profits.

Bitcoin doesn't seem to have the strength to reach $60K again, but we can wait for it because this is just a process, even people predict that bitcoin will strengthen again in November and December. The problem of why bitcoin doesn't seem to show progress to go up, there is still a possibility of massive selling.

It looks like the election in the US is also having an effect on the market, we will wait and remain patient because in analysis we will see bearishness for up to 2 months. It is possible that by the end of September Bitcoin will improve again, although currently the price of Bitcoin seems to be having difficulty breaking back through $60K. but this is the best time to buy.

[de_prof]

I'm not so surprised some CEXs have brought events for the approval of the ETF, it's something worth celebrating actually. I've seen a few events that are quite stressful but I've seen some that reward you for just the normal daily things you do on a CEX like Bitget giving out memecoins even though it's little but it's something

ETF approval by the Centralized Exchange (CEX) and events organized by the experts usually show new attraction and growth towards the market.  ETF (Exchange-Traded Fund) approval is a major step that could increase the legitimacy and mainstream acceptance of the cryptocurrency market.
 Some special topics:

 1.ETF Approval This is an important step, leading to market regularity and increasing investor confidence.  This demonstrates a great deal of validity for cryptocurrency products.
 Such events and programs can be helpful in understanding the changing nature of the cryptocurrency market and new opportunities.

When an ethereum ETF is approved, this indicates that the SEC has accepted ethereum as a coin that is suitable for investment in an ETF. But unfortunately the ethereum ETF doesn't have a good impact as many people say, this is because the price of bitcoin seems to be struggling. Maybe we can see a bullish season, if the price of bitcoin rises and is more stable, the ETF impact will be felt.

[nakmantu99]

When an ethereum ETF is approved, this indicates that the SEC has accepted ethereum as a coin that is suitable for investment in an ETF. But unfortunately the ethereum ETF doesn't have a good impact as many people say, this is because the price of bitcoin seems to be struggling. Maybe we can see a bullish season, if the price of bitcoin rises and is more stable, the ETF impact will be felt.

What I see is only bitcoin ETF that has a positive impact because bitcoin is the king of crypto that is not affected by other coins while ethereum always follows bitcoin, even though ethereum ETF is approved ethereum price still follows the increase in bitcoin price.

[Hisbullah]

What I see is only bitcoin ETF that has a positive impact because bitcoin is the king of crypto that is not affected by other coins while ethereum always follows bitcoin, even though ethereum ETF is approved ethereum price still follows the increase in bitcoin price.

Investing in crypto requires experience and knowledge about crypto. We don't have to panic when we see the market going down, because the crypto market's habits are unstable.
As it was a few weeks ago when bitcoin experienced a correction, almost all altcoins experienced a price drop, it was the best time to buy potential coins.

[Trongduy]

As the Ethereum ETF approval nears, it could be a great opportunity to invest if you have funds available. Once the approval is finalized, we can expect a price increase and potentially positive shifts in the market. Just a quick note: in your first paragraph, you mentioned stable coins like Bitcoin and Ethereum, but keep in mind that Bitcoin and Ethereum are actually more volatile, unlike stablecoins such as USDT. If you're considering staking, now might be an excellent time to do so, as it could position you well for the upcoming market movements.

[satpol_PP]

As the Ethereum ETF approval nears, it could be a great opportunity to invest if you have funds available. Once the approval is finalized, we can expect a price increase and potentially positive shifts in the market. Just a quick note: in your first paragraph, you mentioned stable coins like Bitcoin and Ethereum, but keep in mind that Bitcoin and Ethereum are actually more volatile, unlike stablecoins such as USDT. If you're considering staking, now might be an excellent time to do so, as it could position you well for the upcoming market movements.

Yes, I think this is still the right time to do staking because the market is still often experiencing corrections and the bullish season is predicted to occur early next year. So it's still a long time, while waiting by doing staking we can get a little profit. We are all waiting for the bitcoin price to return to above $ 70K and altc also starts to rise following the increase in the bitcoin price.

[legend45]

As the Ethereum ETF approval nears, it could be a great opportunity to invest if you have funds available. Once the approval is finalized, we can expect a price increase and potentially positive shifts in the market. Just a quick note: in your first paragraph, you mentioned stable coins like Bitcoin and Ethereum, but keep in mind that Bitcoin and Ethereum are actually more volatile, unlike stablecoins such as USDT. If you're considering staking, now might be an excellent time to do so, as it could position you well for the upcoming market movements.

Yes, I think this is still the right time to do staking because the market is still often experiencing corrections and the bullish season is predicted to occur early next year. So it's still a long time, while waiting by doing staking we can get a little profit. We are all waiting for the bitcoin price to return to above $ 70K and altc also starts to rise following the increase in the bitcoin price.

As a trader I prefer to do daily trading rather than staking, that's probably what many members here do. Because from trading we can get more profit if our analysis and predictions are right. because we also know that the income from staking is small unless we have a large capital.

[B.Trader]

People stake more in Dex than in CEX because they expect incentives for the future when the project issues their tokens.

Some projects among them Eigen Screen, Puffer, Rust, and many more are staking by earning points so that's what they are after right now I don't think in CEX it will be profitable but you need to remember when you are staking on their validators in DEX there is always a risk.

But for me it's better to buy Ethereum and then HODL it will be much safer.

You've made a solid point. Staking in DEXs (decentralized exchanges) often comes with the allure of earning future rewards or tokens, especially during the early stages of a project. This is a big draw for those looking to maximize their returns, but as you mentioned, it carries risks, especially when staking on less established validators or in projects with uncertain futures.