I think ETH won't be below $2000 during the bullrun season. It will be below $2000 when we are in the next bearish season only. It is expected that ETH will be above $3000 soon, ETH should have the chance to hit its ATH. Most people believe that ETH will be around $5000 at least. Although there is still no big increase in ETH price, I also believe we will see a new ATH on Ethereum in this cycle. In the previous cycles, ETH always created a new ATH.
I agree that ETH will not fall below $2000. If it falls below that, it will be difficult for ETH to reach $3k. Even the bull run target of $4k will be difficult. Hopefully, this decline and correction will not last long, so that the market returns to normal.
Well 2,485 is lower but up from 2458 maybe this is the rebound.
Not sure if it can withstand the hack the other day.
From the time I post this comment, it is now 2,376
I don't know what is certain is that crypto is hard to predict, it's up to the whales, we who are just amateur traders follow the flow when ETH is losing, we stay if we have more funds, add more load, if ETH goes up and matches the target price, we let go, take profit and buy when the market is going down and so on because we can't control the price
eth is barting back down. near 2350
eth is very much like a bond the money is the interest you make staking it.
So there is no reason for it to become 3000 4000 5000 6000 a coin.
Solana is in the same boat. there is no reason for it to become 200 300 400 500 600 a coin.
stake them get some interest and hope the do not crash so much that the interest is not worth it.
The problem for them is usdc and usdt are supposed to stay flat and pay interest so why not buy a bond that won't drop in value.
so eth has Solana usdc and usdt all competing against it.
Plus if eth goes to 5000 a 0.0001 fee is $5 to move something
so why not use Solana as a 0.0001 fee at 200 a coin is 20 cents.
All this hurts eth as it is effecting to find the proper value for a coin.
It has to go lower in a sane world.
But our world is not very sane so there is still hope for Eth addiction.
I am glad to have zero eth on hand.