Ethereum is Moving Like It’s Under a Spell, Why Won’t It Break $5K?

[taufik123]

I will also agree with you and say that Ethereum's performance has not really done well this season.
I accept that the entire crypto market is going through a very bad time due to the Bitcoin market crash, but if Ethereum had gone up to the top 5K on the previous bullish, I would have accepted it. But seeing Ethereum's performance like this, I am afraid for its long-term future.

It is only necessary to keep an eye on how this trend will continue when the price of Bitcoin actually falls and all altcoins experience a great decline including ETH.

Bitcoin price has not broken the ATH of $5k in the previous bullish trend but it is almost happening, but for the next trend I think an increase of $5k or even more could happen if Bitcoin is in good condition and performance to reach a higher ATH.

As for ethereum's performance for the long term, it can only be seen on the next Bullish, whether it will follow the price of Bitcoin or even not be able to break the new ATH, but I am sure there will be a new higher ATH for ETH.

[|MINER|]

Bitcoin price has not broken the ATH of $5k in the previous bullish trend but it is almost happening, but for the next trend I think an increase of $5k or even more could happen if Bitcoin is in good condition and performance to reach a higher ATH.

As for ethereum's performance for the long term, it can only be seen on the next Bullish, whether it will follow the price of Bitcoin or even not be able to break the new ATH, but I am sure there will be a new higher ATH for ETH.

Hehehe. You made mistake bitcoin already broke it all time high price 109k it the Ethereum who is struggling with creating or the recovering.
The current market situation is such that the market is telling us that there will be no altcoin season this time, we just have to be satisfied with the bull season. But every time bitcoin creates a new all-time high price or an altcoin is launched, such a situation prevails in the market to liquidate panic sellers. And then the market starts moving again at its own pace.

[Vx1]

Ethereum is doing everything right? Ethereum is actually underperforming not doing everything right in rare sense. Take a look at the progress of ethereum over the years you will notice that it has been kind of affected by retardation in price increase. Basically it seems to be retracing more than it progresses to the upside.

Based on the very first period of the lunch of ethereum the rate of price increase back then suggested that ethereum should have surpassed the $5K mark long ago but that doesn't seem to be the case.

I will also agree with you and say that Ethereum's performance has not really done well this season.
I accept that the entire crypto market is going through a very bad time due to the Bitcoin market crash, but if Ethereum had gone up to the top 5K on the previous bullish, I would have accepted it. But seeing Ethereum's performance like this, I am afraid for its long-term future.

I think Ethereum's performance is not bad either, because in this season many Altcoins have the same fate. But because Ethereum is the number 1 Altcoin, so it is in the spotlight of many people. Regarding the future, I think we don't need to worry too much. Because the future of Ethereum will be fine.

[Mia Chloe]

I think Ethereum's performance is not bad either, because in this season many Altcoins have the same fate. But because Ethereum is the number 1 Altcoin, so it is in the spotlight of many people. Regarding the future, I think we don't need to worry too much. Because the future of Ethereum will be fine.

I really don't think so. The reason I believe Ethereum is still at the top is because it was one of the first altcoins to gain so much popularity that it became the top coin. In it's era and quickly grew in price too. Other altcoins are still way behind ETH if you compare prices.

Aside from this I'm of the opinion the ethereum is underperforming. The network isn't fit to have an unlimited supply as that I believe is part of the reasons why its price is depreciating too.

[dekafee79]

I think Ethereum's performance is not bad either, because in this season many Altcoins have the same fate. But because Ethereum is the number 1 Altcoin, so it is in the spotlight of many people. Regarding the future, I think we don't need to worry too much. Because the future of Ethereum will be fine.

I really don't think so. The reason I believe Ethereum is still at the top is because it was one of the first altcoins to gain so much popularity that it became the top coin. In it's era and quickly grew in price too. Other altcoins are still way behind ETH if you compare prices.

Aside from this I'm of the opinion the ethereum is underperforming. The network isn't fit to have an unlimited supply as that I believe is part of the reasons why its price is depreciating too.

The supply of ethereum should be limited so that the price of ethereum can rise higher. We know that the thing that makes the price of bitcoin expensive is because the supply of bitcoin is limited and the demand for bitcoin is getting higher and higher, especially when trump won the presidential election, bitcoin reached ATH. Ethereum is still the top altcoin, which is ranked second on CMC, but if ethereum dev does not fix its project, it is likely that there will be many competitors in the future who will overtake ethereum

[Mia Chloe]

The supply of ethereum should be limited so that the price of ethereum can rise higher. We know that the thing that makes the price of bitcoin expensive is because the supply of bitcoin is limited and the demand for bitcoin is getting higher and higher, especially when trump won the presidential election, bitcoin reached ATH.

Demand and supply has a huge impact on price improvement. The effect of infinite supply on the ethereum network is just starting to surface via more retracements in price to the downside than to price improvement to the upside.
Luckily Ethereum had quickly held up a huge price before the altcoin ecosystem became over saturated and it's not impossible for other altcoins in the future to actually overtake ethereum though it will a lot.

[philipma1957]

The supply of ethereum should be limited so that the price of ethereum can rise higher. We know that the thing that makes the price of bitcoin expensive is because the supply of bitcoin is limited and the demand for bitcoin is getting higher and higher, especially when trump won the presidential election, bitcoin reached ATH.

Demand and supply has a huge impact on price improvement. The effect of infinite supply on the ethereum network is just starting to surface via more retracements in price to the downside than to price improvement to the upside.
Luckily Ethereum had quickly held up a huge price before the altcoin ecosystem became over saturated and it's not impossible for other altcoins in the future to actually overtake ethereum though it will a lot.

That huge price is a millstone around eths neck.

No one wants to buy an 1800 coin to get  2-7% interest.

I CAN GET 4.1% on the dollar with my PayPal account.

The dollar stays at the dollar

The account is federally insured

IF I do kraken  I have to freeze the coins for a while

If I do the PayPal us dollar account it's liquid

For me to do eth I would want 8 to 10% and freeze the coins for  under 90 days