What is happening with Ethereum price?

[sampoerna]

it is still going up and is still stable to follow the price of Bitcoin.
ETH became my favorite asset after Bitcoin and started collecting it when the price bottomed out a few days ago.
Expecting to hit $5k is not impossible, is it?

You can always hope - but if we take into account that the price of ETH follows (to some extent) the price of BTC, then this could only happen when the price of BTC is twice as high as it is now. I already wrote that for the past 1 year, the ratio of BTC price growth compared to ETH is 100% compared to only 30%.

Moreover, for the current situation, the market conditions are really dropping. And this makes us hold the coins longer. Yes, that's right, even though Ethereum always follows Bitcoin's price movements, the reality is that Ethereum's increase cannot be 100% the same as Bitcoin's price.

ATH ETH is $ 4,891. and the current price is around $ 2,371. so that's still quite a long range. and we can still hope for a more drastic Ethereum price increase. Yes, of course it's possible and there are several ways if we look at several possibilities for the ETH price increase. Yes, at least it might go up and touching the previous ATH is already very grateful. and especially if it can exceed it with a 30% increase from its ATH, that's enough.

[taufik123]

-snip-
ATH ETH is $ 4,891. and the current price is around $ 2,371. so that's still quite a long range. and we can still hope for a more drastic Ethereum price increase. Yes, of course it's possible and there are several ways if we look at several possibilities for the ETH price increase. Yes, at least it might go up and touching the previous ATH is already very grateful. and especially if it can exceed it with a 30% increase from its ATH, that's enough.

therefore I buy and hold ETH for the long term in addition to Bitcoin.
ETH is doing well as a top altcoin and is a role model for all altcoins.

ETH's ATH at $4,891 is indeed quite high, I think ETH can also reach a price of $10k++ and of course it will be accompanied by the price of Bitcoin which exceeds the price of $100k++.

[alltalk]

therefore I buy and hold ETH for the long term in addition to Bitcoin.
ETH is doing well as a top altcoin and is a role model for all altcoins.

ETH is a trusted altcoin. It is good to hold ETH. Besides BTC, ETH is another safe coin for holding, whether for short or long term.
So far, there is no problem with ETH. ETH is always nice for investment, it never makes us disappointed. Sure, ETH is leading all altcoins, it is the king of altcoins.

ETH's ATH at $4,891 is indeed quite high, I think ETH can also reach a price of $10k++ and of course it will be accompanied by the price of Bitcoin which exceeds the price of $100k++.

ETH is $2,364 now. Reaching $4,891 is very possible. I think it is not a too high price to pass by ETH. But to reach $10k, I'm not sure that it will be reached in this cycle. This may be the next ATH in the next cycle. Maybe in 2029.

[Jating]

-snip-
ATH ETH is $ 4,891. and the current price is around $ 2,371. so that's still quite a long range. and we can still hope for a more drastic Ethereum price increase. Yes, of course it's possible and there are several ways if we look at several possibilities for the ETH price increase. Yes, at least it might go up and touching the previous ATH is already very grateful. and especially if it can exceed it with a 30% increase from its ATH, that's enough.

therefore I buy and hold ETH for the long term in addition to Bitcoin.
ETH is doing well as a top altcoin and is a role model for all altcoins.

It's pretty obvious though that if Bitcoin is the king of crypto, ETH is the top altcoins. That has been the setup for quite sometime now and I do not see any other coins to challenge that status. Although there are several attempts made before.

ETH's ATH at $4,891 is indeed quite high, I think ETH can also reach a price of $10k++ and of course it will be accompanied by the price of Bitcoin which exceeds the price of $100k++.

And it is still -51 % from it's previous all time high, as compare to Bitcoin which reach it's ath already. So ETH investors really need to push in the last 3 months and in the next year to reach $10k. I would say that it is still doable, but everything will start from Bitcoin itself, it needs a rally to go to at least $100k so that every other altcoin will follow and the trickle effect is still there.

[taufik123]

-snip-
And it is still -51 % from it's previous all time high, as compare to Bitcoin which reach it's ath already. So ETH investors really need to push in the last 3 months and in the next year to reach $10k. I would say that it is still doable, but everything will start from Bitcoin itself, it needs a rally to go to at least $100k so that every other altcoin will follow and the trickle effect is still there.

So now just be patient and start accumulating more ETH that you can afford to buy. Holding for the long term will certainly yield tremendous gains when Bitcoin reaches ATH again.
FOMO is imminent and the price of ETH will certainly be bullish until it reaches $10k.

Nothing is impossible in crypto, it can even happen overnight, now it is just a matter of being patient and buying gradually.

[MUGNIA]

-snip-
ATH ETH is $ 4,891. and the current price is around $ 2,371. so that's still quite a long range. and we can still hope for a more drastic Ethereum price increase. Yes, of course it's possible and there are several ways if we look at several possibilities for the ETH price increase. Yes, at least it might go up and touching the previous ATH is already very grateful. and especially if it can exceed it with a 30% increase from its ATH, that's enough.

therefore I buy and hold ETH for the long term in addition to Bitcoin.
ETH is doing well as a top altcoin and is a role model for all altcoins.

ETH's ATH at $4,891 is indeed quite high, I think ETH can also reach a price of $10k++ and of course it will be accompanied by the price of Bitcoin which exceeds the price of $100k++.

I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas

[vegasus]

So now just be patient and start accumulating more ETH that you can afford to buy. Holding for the long term will certainly yield tremendous gains when Bitcoin reaches ATH again.
FOMO is imminent and the price of ETH will certainly be bullish until it reaches $10k.

Nothing is impossible in crypto, it can even happen overnight, now it is just a matter of being patient and buying gradually.

Yes, whatever happens, you can only do it by optimizing the market. Yes, here, we are experiencing a market crash, and we must not panic, right? That means the only way is to follow the flow of the crypto market. If you want to take advantage and have capital, just buy, accumulate more Bitcoin or other coins. If you don't have capital, just wait, don't panic, and stay strong to hold our assets.

[Gurujebs]

I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas

I'm not really sure if Ethereum is the best coin after Bitcoin, on the utility aspect ethereum has wide range of used be used because it's the best and reliable but there are many altcoins that has good performance and return on investment than ethereum. Eth didn't had much pump like other altcoins and it's the coin that is dumping the most.

Bitcoin pump this year but kindly look at the chat, Ethereum is almost finish dumping back to where it started pumping and Bitcoin hasn't even done anything yet, the chat looks like it's hanging over but ethereum has dropped every value it has added in this bull run.

[pieppiep]

I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas

I'm not really sure if Ethereum is the best coin after Bitcoin, on the utility aspect ethereum has wide range of used be used because it's the best and reliable but there are many altcoins that has good performance and return on investment than ethereum. Eth didn't had much pump like other altcoins and it's the coin that is dumping the most.

Bitcoin pump this year but kindly look at the chat, Ethereum is almost finish dumping back to where it started pumping and Bitcoin hasn't even done anything yet, the chat looks like it's hanging over but ethereum has dropped every value it has added in this bull run.

Under the current conditions, it is quite possible that you might be disappointed that ETH has underperformed to some degree or the other even though one can agree and relate a lot to the initial hype and expectation. And BH has been truly stolen by some altcoins with much sharper performance, and that adds a strong ground to even question existence of ETH beyond its utility. I believe that there are quite many who shows doubtfulness, because when the large scale project does not much increase a price, the market confidence will shake as well. However, both BTC has also faced some bad news, and at the current level many people, it would seem, are shocked, and ETH also almost returned to the starting position. In any of these circumstances, reliance on data to analyse and compare outcomes seems to make more rational than just retaining he old assumptions.

[philipma1957]

ETH is pretty much a dinosaur.

Sub 1000 is right around  the corner.

Set a buy the dip up at 985 and 885 and 785

[Stuart]

I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.

What do you guys think?

I think ETH saw some good price increase when the market faced the bull run price movement, when Bitcoin touched an ATH of $109k. Just as Bitcoin started going down, the entire market faced a bloodbath, with red candlesticks everywhere. ETH is one coin that doesn't really move rapidly, but steadily, though, it easily react to any little downside of Bitcoin while going down, and it doesn't move well in the positive move of Bitcoin.

[jeraldskie11]

I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.

What do you guys think?

I think ETH saw some good price increase when the market faced the bull run price movement, when Bitcoin touched an ATH of $109k. Just as Bitcoin started going down, the entire market faced a bloodbath, with red candlesticks everywhere. ETH is one coin that doesn't really move rapidly, but steadily, though, it easily react to any little downside of Bitcoin while going down, and it doesn't move well in the positive move of Bitcoin.

ETH is the second to Bitcoin. Many people are comparing this currency to Bitcoin and many think that in the future ETH will surpass Bitcoin. Since ETH is the second largest marketcap in the crypto industry, we expect that it will not easily manipulated just like what happened to Bitcoin. Just like Bitcoin, ETH has too many holders already. So considering with that huge marketcap and wide spread holders, the price volatility is very low compare to other altcoins. And because of Bitcoin dominance, ETH will still follow Bitcoin's price movement.

[Stompix]

Just like Bitcoin, ETH has too many holders already. So considering with that huge marketcap and wide spread holders, the price volatility is very low compare to other altcoins.

As I type this, ETH has gone down -10.67%
It's the top 3 largest drop of any top 50 coin!

Just because it's the second in market cap doesn't mean a thing, it has become a shadow of itself and the fact that it has managed to briefly go on some exchanges below the 2018 ATH is a clear sign the majority is losing hope on it.

[UNIVERSE]

I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas

There is no doubt that ETH is the best altcoin and ETH is the second largest crypto coin. It is commonly following the price growth of Bitcoin. But recently, ETH looks like to not following well Bitcoin. Bitcoin has reached new ATH several times, but ETH never reaches a new ATH in the current cycle. Even, it still can't reach $4k and it dropped to below $1,5k. Because of this, many people feel disappointed with Ethereum.

[MUGNIA]

I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas

I'm not really sure if Ethereum is the best coin after Bitcoin, on the utility aspect ethereum has wide range of used be used because it's the best and reliable but there are many altcoins that has good performance and return on investment than ethereum. Eth didn't had much pump like other altcoins and it's the coin that is dumping the most.

Bitcoin pump this year but kindly look at the chat, Ethereum is almost finish dumping back to where it started pumping and Bitcoin hasn't even done anything yet, the chat looks like it's hanging over but ethereum has dropped every value it has added in this bull run.

I don't know, I'm dizzy looking at the market right now, I want to take a break from looking at the market, the decline after decline makes me tired, it's better to avoid the market right now, focus on other things or hunt for free tokens, it seems interesting at the moment,