What is happening with Ethereum price?

[Captain Corporate]

Ethereum is not a coin that can move all by itself, which means that we are seeing it move according to what other coins are doing, this means that we may not see it do all that crazy well while other coins are doing badly. The market has been a little down recently, and that impacted ETH as well, while its not doing terrible right now, it is not doing that amazing neither. I still think that it will pass over 3000 very soon, its going to be probably this month or latest next month, so investing into ETH is still a good deal and won't be something that will impact anything at all. The result will be coming soon.

[Lucius]

I don't want to spoil your expectations, but if BTC is now at $60k, and ETH is at approximately $2600 - are you saying that it would be logical to expect that a BTC price increase of some 40% would mean an ETH price increase of even 400%?

That's probably just a whishful thinking of all those who prefer Ethereum (and altcoins in general) over bitcoin, and I know few of those in real life too.

While ethereum might outperform bitcoin in short periods of time, this bull run showed it once again that when it comes to long term, bitcoin is still way to go.

According to many, the approval of spot ETH ETFs should have made a difference, even though they claim that we should wait for a while, as was the case with spot BTC ETFs. Let's say that this is so and that we will see the real picture in a few months, I still think that investors are very cautious about investing in ETH, which have been following various controversies for years, which were not helped even by the transition from Pow to PoS.

In addition, when you do not have a clearly defined max supply and when the number of coins in circulation is x6 compared to BTC, it is difficult to expect the price of ETH to be higher than it is now, or what it was three years ago - from when it lost until today almost 50% of the value.

[MrSpasybo]

According to many, the approval of spot ETH ETFs should have made a difference, even though they claim that we should wait for a while, as was the case with spot BTC ETFs. Let's say that this is so and that we will see the real picture in a few months, I still think that investors are very cautious about investing in ETH, which have been following various controversies for years, which were not helped even by the transition from Pow to PoS.

In addition, when you do not have a clearly defined max supply and when the number of coins in circulation is x6 compared to BTC, it is difficult to expect the price of ETH to be higher than it is now, or what it was three years ago - from when it lost until today almost 50% of the value.

I remain optimistic about the positive impact that ETH Spot ETFs will have on ETH price, but now is not the time to expect that. Grayscale clients are still selling, and the market has just experienced a panic as investors worry about a financial recession... the decline in ETH price is completely normal.

I believe that as soon as the re-accumulation ends, BTC, ETH, and many ALTS in the market will have an impressive recovery and strong growth, leading us into bullrun and altseason. The current decline may be the perfect opportunity for us to continue accumulating more tokens to generate more profits in 2025.

[milewilda]

Ethereum is not a coin that can move all by itself, which means that we are seeing it move according to what other coins are doing, this means that we may not see it do all that crazy well while other coins are doing badly. The market has been a little down recently, and that impacted ETH as well, while its not doing terrible right now, it is not doing that amazing neither. I still think that it will pass over 3000 very soon, its going to be probably this month or latest next month, so investing into ETH is still a good deal and won't be something that will impact anything at all. The result will be coming soon.

It would always goes behind with Bitcoin and this is why it would really be that important that you should really be trying to look on whats the current price condition or market trend because
ETH would really be comes falls behind on what Bitcoin would do, Although there would really be conditions that its movement would really be that totally goes opposite movement
towards the trend. We've seen ETF's are really that becoming a thing now on which we dont know whether outcomes or results would be positive as well.

[Captain Corporate]

I believe that these are all normal stuff, and 3k looks like its around the corner and will happen, its just what we have and there is nothing that could prevent that. I know that it is not going to be easy to handle all of this, I know that many people are not invested at the moment and because of that there are a lot of people who do not know what to do, but just get what you can and wait for it to happen, that's all you can do. Buying now and getting 3k+ is literally %10 and that's all there is to it, there isn't really anything that could be all that bad, its a quick profit and will happen soon if you ask me.

[rdluffy]

I confess I'm a little disappointed with the price of ETH at the moment
However, my understanding of the market in general is that with each cycle there are more and more projects, and even with more money entering the marketcap, this money is more diluted, especially with so many L2s today (arb, op, polygon etc.)
ETH is falling more than BTC, and when it rises, ETH isn't keeping up

I think it's going to be a bit difficult for ETH to beat ATH again in a short period of time

[Ricardo11]

There is a lot of ETH price dumping at the moment. Not only ethereum but all coins in the crypto market are dumping as bitcoin is dumping. The price of ETH is disappointing at the moment and Ethereum may take some time to recover. So now is a good time to invest in Eth, as its price is very low right now. So those who want to invest can invest now it will be good profit for future.

[sagarmota10]

ETH are taking rest for next lage up and we can see $4500 per ETH price in Nov 2024 but for that BTC have to touch ATH and touch the $100K so our patience have rewarded very well.

[Gurujebs]

There is a lot of ETH price dumping at the moment. Not only ethereum but all coins in the crypto market are dumping as bitcoin is dumping. The price of ETH is disappointing at the moment and Ethereum may take some time to recover. So now is a good time to invest in Eth, as its price is very low right now. So those who want to invest can invest now it will be good profit for future.

The price of Ethereum dump because Vitalik donated some Ether to some strange wallet from his personal wallet that is well known by many people and this raise a suspicions that he is dumping his Ether but made a transparent response about the funds that it was a donation for charity and the charity decided to send to exchange to sell.

I think the ethereum community ought ot have know better how Vitalik has been gifting coins to charity, there was that time he donated some Shiba to Indian for covid 19 packages and many more, it shouldn't be a red flag to dump their ether.

[milewilda]

We do have this recent news about ICO ETH Whale sell off.

https://cryptopotato.com/ethereum-ico-whale-sells-19000-eth-worth-over-47m-amid-market-fud/
https://www.thecoinrepublic.com/2024/10/03/ethereum-whale-sells-19k-eth-as-market-reacts-to-price-slump/

Reasons? They might have plans on accumulating or buying something new or simply stick with Bitcoin?
Offloading 19,000 ETH.. damn

[Gurujebs]

Ethereum is not a coin that can move all by itself, which means that we are seeing it move according to what other coins are doing, this means that we may not see it do all that crazy well while other coins are doing badly. The market has been a little down recently, and that impacted ETH as well, while its not doing terrible right now, it is not doing that amazing neither. I still think that it will pass over 3000 very soon, its going to be probably this month or latest next month, so investing into ETH is still a good deal and won't be something that will impact anything at all. The result will be coming soon.

This is wrong. You should check back what happen to ethereum price due to ETH 2.0 which was as a result of migration from ethereum proof of work to proof of stake, that alone mafe ethereum to new all time high and ever since then, other announcements has been secondary effects and that's because the announcement are not as strong as the ethereum 2.0 migration.

Though, the developers aren't transparent as we expected, they said Ethereum transaction was going to be lower if they finally migrated to proof of stake but the transaction fee has been higher than what is expected and hence less interest from the investors.

[Captain Corporate]

Nope, that was in 2021 when the migration started, but when it became full on proof of stake the price didn't move at all. I am too tired to check the dates right now, but the December one, either it was 2020 or 2021, that was "do we do this?" question asked, and many people with a ton of money replied yes so it started, but then it was about a year or so later when proof of stake actually started, and at that moment we didn't had any issues at all and didn't really went up. So ETH doesn't go up without bitcoin, and even if we had a moment or two, its not common and very rare situation.

[taufik123]

-snip-
Though, the developers aren't transparent as we expected, they said Ethereum transaction was going to be lower if they finally migrated to proof of stake but the transaction fee has been higher than what is expected and hence less interest from the investors.

Although there were no significant developments after the migration, people still believe in Ethereum, although not as hype as in the past when Ethereum was still the most crowded network.

But now Layer-2 networks are starting to emerge and users are preferring Layer-2 networks because the fees are cheaper and some Layer 1 networks like SOLANA, TRON, SUI etc only require a small amount of fees for the network and more new tokens are emerging.

[JoyMarsha]

Ethereum is not a coin that can move all by itself, which means that we are seeing it move according to what other coins are doing, this means that we may not see it do all that crazy well while other coins are doing badly. The market has been a little down recently, and that impacted ETH as well, while its not doing terrible right now, it is not doing that amazing neither. I still think that it will pass over 3000 very soon, its going to be probably this month or latest next month, so investing into ETH is still a good deal and won't be something that will impact anything at all. The result will be coming soon.

This is the month of October; we are no longer in September; the $3k you assumed for Ethereum to reach hasn't found its way to $3k since then. The highest price it has reached from September till this day is $2,728. We don't know when the market will show a green candlelight for us to see Ethereum reach the speculated price of $3k it was around July.

[Gurujebs]

ETH are taking rest for next lage up and we can see $4500 per ETH price in Nov 2024 but for that BTC have to touch ATH and touch the $100K so our patience have rewarded very well.

Did you just called numbers any how or there is something you are expecting for this that we don't know? Is this attributed to the US election? If it's then I will advice you to lower your expectations even though Trump wins the election, it will make Bitcoin price to run up and perhaps ethereum but it will be after before we will see Bitcoin bull run perhaps 2025.

If the election doesn't go as we expected, then you should expect the opposite then but I know for a fact that Bitcoin will be fine even if things doesn't go as many bag holders are expecting, Bitcoin is speculative and will have something to move along with just like the old times.