Ethereum Has Just Fallen

[Hamza2424]

Some people may only focus on Ethereum as their biggest investment, besides Bitcoin. That's why they only see the market movement of this coin. But indeed, this can actually be a trigger for people who are very easily panicked, so that with the drop in the price of ETH even though it is only a little, they immediately panic and make the price of ETH fall even more.

But indeed, compared to its competitors, namely BNB and also SOL, the price of ETH since a drastic drop and crash in early August, until now, the price of ETH is still quite down. While BNB itself in the last 7 days still gets an increase of more than 8% and SOL also although only a little, or not much different from ETH. However, ETH is currently experiencing a price decline again in the last 24 hours.

TBH buddy I'm not aware of any such people who are considering the ETH only biggest investment, I know if someone likes ETH and is quite confident about it he/she can go for such a crazy decision still my point is it will never happen that this particular person will keep eyes on the ETH's market price only because we still need to know the entire market in crypto moves along with the developments on Bitcoin and its market price.

For the pressure moment of ETH, I would say those who believe in ETh should grab this opportunity ASAP, as such opportunities for a long time are quite rare and this is already quite long enough.

[Doan9269]

The effects felt on ethereum wasn't targeted on it alone, others were concerned because the entire crypto market is bearish only for a short time and I still wonder why some are rising fast at this same time when others were falling, well, many have expected to see the performance with ethereum far beyond this and we can't predict of the next move anything form now as the market continues to rise

[|MINER|]

We should be diversified in investing, not just focus on ethereum because other altcoins also have more potential and are experiencing good growth, as you mentioned, Solana and BNB had better movements when bitcoin took a sharp dive and then recovered.

Diversified on invest would be good idea but I will say that it is also hard to manage because you have also do analysis and acquire the knowledge about those crypto but Ethereum can be good trustable one to invest for the long run.
But I would like to say that holding solana bnb and I will add the polygon in this line making good profit in  long run. And I will also mention the toncoin to hold.

[bounceback]

We should be diversified in investing, not just focus on ethereum because other altcoins also have more potential and are experiencing good growth, as you mentioned, Solana and BNB had better movements when bitcoin took a sharp dive and then recovered.

Binance coins and Solana have faster increasing movement than Ethereum keep going down since significant decreasing last month. Solana and BNB success get faster recovery for raising higher price but difference with Ethereum keep going down and become more stable with price stuck around $2,6k until right now and several weeks just hold on that price. I think many investor seems disappointed with Ethereum how get difficulty reach higher price and have been one month get difficult break above $3k.
Its moment for Ethereum raise up to higher price is over or still need waiting when bearish moment and bitcoin get up above $70k to give opportunity for eth raising up.

[Hisbullah]

We should be diversified in investing, not just focus on ethereum because other altcoins also have more potential and are experiencing good growth, as you mentioned, Solana and BNB had better movements when bitcoin took a sharp dive and then recovered.

Binance coins and Solana have faster increasing movement than Ethereum keep going down since significant decreasing last month. Solana and BNB success get faster recovery for raising higher price but difference with Ethereum keep going down and become more stable with price stuck around $2,6k until right now and several weeks just hold on that price. I think many investor seems disappointed with Ethereum how get difficulty reach higher price and have been one month get difficult break above $3k.
Its moment for Ethereum raise up to higher price is over or still need waiting when bearish moment and bitcoin get up above $70k to give opportunity for eth raising up.

Many complain about this, ethereum's recovery seems slow. BNB and Solana show good progress in the market, fortunately I still hold those two coins because I believe coins like solanan, BNB and TON will recover faster than ethereum, because after the ethereum ETF was approved it did not show a good impact, this is what makes me doubt ethereum at this time.

[B.Trader]

While Ethereum and the broader cryptocurrency market are not immune to economic fluctuations, they also have long-term potential driven by technological advancements and growing adoption. Monitoring macroeconomic trends, Ethereum's technological progress, and market sentiment will be crucial in assessing its future trajectory.In summary, Ethereum may well make a significant comeback, especially with positive developments and institutional support. However, its performance will continue to be influenced by broader economic conditions and market sentiment in the near term.

[nakmantu99]

While Ethereum and the broader cryptocurrency market are not immune to economic fluctuations, they also have long-term potential driven by technological advancements and growing adoption. Monitoring macroeconomic trends, Ethereum's technological progress, and market sentiment will be crucial in assessing its future trajectory.In summary, Ethereum may well make a significant comeback, especially with positive developments and institutional support. However, its performance will continue to be influenced by broader economic conditions and market sentiment in the near term.

Economic conditions will affect crypto, because it will affect the demand for crypto. When economic conditions worsen, buying interest will also decrease because there are concerns from investors. This is the law of the market. So now we see crypto struggling, because there are several things that make investors still wait, but according to me this is the right time to buy.

[vegasus]

Binance coins and Solana have faster increasing movement than Ethereum keep going down since significant decreasing last month.

Yes, many may say that the price of BNB and SOL recovers much faster than ETH. But if you look at the coin market cap, it is like that, at least ETH actually still has an increase, but it is not much. Even now, the price of ETH is dropping very much and this time we are experiencing another market crash that is quite long. So the price of ETH is also falling again, like the prices of other altcoins that are indeed dropping.

[Aanuoluwatofunmi]

Just as we have it in the bitcoin, whenever the market fall in general, we also experience a fall in ethereum because bitcoin is the leader of them all, when dealing with volatile currencies, we should get used to all these because they are known for it, just that many have been expecting that ethereum surpasses where it was ever since the beginning of this year, its more safer for all its holder to remain holding till the expected time has come.

[Parzival204]

In my opinion, in the near future, if we hold on to the ethereum coins that we have, then there will be more in the future than we are disappointed with the current drop in ethereum prices and want to sell them now. Still do analysis, maybe when BTC reaches At its peak, other ALT coins will also experience the same increase.

[Stompix]

So a new milestone was reached, ETH is now the third worse-performing currency out of the top 20 on a yoy basis.
Just for comparison while Bitcoins still boost a 120% yoy growth, ETH despite having its own ETF is only at 45%


Decoupling more and more by the day!

[Zed0X]

That's decoupling in a negative way So many changes in development the past few years but still falling against an old tech. I guess that still says that POW rules?

Supporters will still try to refute the above data saying Ethereum has the largest pools.

[Azharul]

Seems to me that Ethereum has been a major victim of circumstances this month of August as it fell around $2100 level before rebounding to where it is now at $2229. Together with Bitcoin and even the whole cryptocurrency industry, we are experiencing a sea of red waves that may be taking some roots for some days as there is a fear of recession for USA and global economy that can surely affect more.

I am just wondering...should we not expect the cryptocurrency industry to be doing fine if there can be recession? I think the answer is that this industry has not yet been decoupled with things happening - good or bad - with the actual economy.

Anyway, do you think that eventually Ethereum will be making a big comeback most especially that we already have ETFs for the said digital asset?

I think you wil create in a excellent discuss in your topic. Because we know that increase or decrease is the rule of cryptocurrency market. So if ethereum price will be fallen, it was not serious threats for cryptocurrency market. Because we know that cryptocurrency market will be depending on up and down. So i believe that when bitcoin price will be increase than ethereum price will be increase. So if anyone who wanted to hold ethereum, its the high time for them.

[Bobcrypto]

Seems to me that Ethereum has been a major victim of circumstances this month of August as it fell around $2100 level before rebounding to where it is now at $2229. Together with Bitcoin and even the whole cryptocurrency industry, we are experiencing a sea of red waves that may be taking some roots for some days as there is a fear of recession for USA and global economy that can surely affect more.

I am just wondering...should we not expect the cryptocurrency industry to be doing fine if there can be recession? I think the answer is that this industry has not yet been decoupled with things happening - good or bad - with the actual economy.

Anyway, do you think that eventually Ethereum will be making a big comeback most especially that we already have ETFs for the said digital asset?

As far as I know, Etheruem is known to always bounce back after market dump or dip, and as you may know, Ether is the second most traded token on the market with a very large 24 hours trading volume and marketcap of around $287b.

On recession, I think that the crypto market has some link with stocks, Commodity and FX market it could be the reason the crypto market is being affected. In addition, the launched of the Etheruem ETF will also boost growth at the Long run.

[Hamza2424]

Haha, the Latest news, ETH is dead, that is the dead end, no more bull, I think that is enough to make weak hands panic and get some buying liquidity. I was just kidding but ETH is now trading at 2360 to 2370 and it's super cheap, grab it now if you are willing I've filled some ETH in my portfolio, even though I was making posts actively but recent dump due to insufficient funds I was unable to buy some but now I got a chance and grabbed hoping for good returns.