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

[Daisycrypt202]

Ethereum is doing everything right, network upgrades, institutional adoption, billionaires and even entire countries stacking it like gold… and yet, we’re still stuck below $5K. Someone make it make sense.

Scrolling through X today, I saw some wild headlines. North Korea just announced a $1.5 BILLION ETH reserve. A whole country is hoarding Ethereum like it’s a strategic asset. Then there’s Trump, who now owns over $500M in ETH. The same guy who used to call crypto a scam is suddenly a whale. What does he know that we don’t?

Meanwhile, Bybit got hacked and the Lazarus Group is moving ETH through Chainflip to swap it for BTC. But here’s where it gets crazy, Vitalik and the ETH Foundation might actually vote on a chain rollback to delete the stolen ETH from circulation. Imagine pulling off a heist, only for Ethereum to hit the “undo” button on your whole operation.

And through all this, ETH still won’t break $5K. ETF rumors are heating up, institutions are buying, price targets are calling for $9K, and yet ETH moves like it’s waiting for permission. Are whales keeping it down to accumulate more? Is the market just trolling us at this point?

All I know is, the big players aren’t hesitating. They’re stacking. And me? Yeah, I definitely don’t have enough ETH, I need to find a way to stack more before this ship sails. that’s a problem.

[Mia Chloe]

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.

[Stompix]

Ethereum is doing everything right, network upgrades, institutional adoption, billionaires and even entire countries stacking it like gold…

Yeah, here is the thing, the last ones are not happening!
Because mathematically it would be impossible if there was more demand than offer for the price to go down rather than up!
So, reality check, countries are not staking ETH, billionaires aren't putting more than pennies in it, institutional adoption happens only on Twitter and the rest of the world doesn't give a f word about it!

Get outside of the crypto bubble and ask random people what they think of it and you;re going to be surprised how little the world cares about it.

[philipma1957]

Anyone that thinks eth is good I tell them look at Solana.

Basically they do the same thing and one is way cheaper. SO they act like a keep the price lower loop.

It all boils down to the somewhat foolish choice of mr v to go pos.

He lost 1000's of small miners. and guess what they will buy certainly not eth hmm maybe Solana.

more intelligent investors know about the Solana- eth clone like loop effect and they also know a third or fourth or fifth pos can be added on.

every new one simply dilutes eth-solana



pow coins  looking better now that Trump and Putin have decided to melt the ice caps.

Even worse is if some wisely makes SolEth or EthSol and makes it gpu POW have binate and coinbase and Nvidia back it and I respectfully disagree to both eth and Solana .

Even though I do like Solana I sold off most of my Solana and hodl zero eth.  looking for the new SolEth killer POW algo this spring or Summer.

[LogitechMouse]

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And through all this, ETH still won’t break $5K. ETF rumors are heating up, institutions are buying, price targets are calling for $9K, and yet ETH moves like it’s waiting for permission. Are whales keeping it down to accumulate more? Is the market just trolling us at this point?

All I know is, the big players aren’t hesitating. They’re stacking. And me? Yeah, I definitely don’t have enough ETH, I need to find a way to stack more before this ship sails. that’s a problem.

Like what I said in the past, I will blame those new meme coins as the reason why most of the altcoins particularly those top ones aren't going to the top as we are expecting.

Bitcoin on the other hand has maintained it's price above $90,000 already while Ethereum is going down, and down, and down. The main reason is because, the altcoin market is diluted. The amount of money being poured isn't increasing while the number of altcoins is. This year, we already have around 11.5 Million altcoins that's being created, but the amount of money isn't increasing. This is I believe the reason why we aren't seeing Ethereum surpassing even the $3,000 price range. It's just a bit sad because at one point, we saw Ethereum surpassing the $4,000, but now it's struggling to surpass even $3,000.

[philipma1957]

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And through all this, ETH still won’t break $5K. ETF rumors are heating up, institutions are buying, price targets are calling for $9K, and yet ETH moves like it’s waiting for permission. Are whales keeping it down to accumulate more? Is the market just trolling us at this point?

All I know is, the big players aren’t hesitating. They’re stacking. And me? Yeah, I definitely don’t have enough ETH, I need to find a way to stack more before this ship sails. that’s a problem.

Like what I said in the past, I will blame those new meme coins as the reason why most of the altcoins particularly those top ones aren't going to the top as we are expecting.

Bitcoin on the other hand has maintained it's price above $90,000 already while Ethereum is going down, and down, and down. The main reason is because, the altcoin market is diluted. The amount of money being poured isn't increasing while the number of altcoins is. This year, we already have around 11.5 Million altcoins that's being created, but the amount of money isn't increasing. This is I believe the reason why we aren't seeing Ethereum surpassing even the $3,000 price range. It's just a bit sad because at one point, we saw Ethereum surpassing the $4,000, but now it's struggling to surpass even $3,000.

basically it is rotting away.  The best thing it does is it show why pos is no good.  it is too easy to clone a like kind coin say Solana which can do all the functions of eth.

without hard iron power during gear backing a coins and it's algo the coin is worthless.

Yeah eth has a use case

but Solana has a very similar use case

and the new pos around the corner will have a still similar use case.


now think of cost to use it.

1/1000 of an eth coins is $2.80

1/1000 of an Solana coin is 18 cents

so which fee would you rather pay 0.0001 eth or 0.0001 Solana

and soon to be newer cheaper pro coin with use case but 0.0001 of 50 dollars is 5 cents a send

so both Solana and eth face this issue and will never do that well because they are not POW

[TomPluz]

I am one of the many people who think that Ethereum deserves to be more than $5K in price but then again we can never just wish and everything will happen. Ethereum has been there in the top chain of the cryptocurrency market and rightly so because it offered many innovative products which the market is enjoying but of course it is not perfect...flaws and weaknesses have been exposed and I think most of us are aware of this. Despite of everything, this is supposed to be the Bitcoin heir apparent but right now maybe things are not happening as we want them to be. Maybe we should just wait for the right time for Ethereum to really shine and make a bold move that can push its competitors to the background...as to when that can be well that is beyond our capacity to speculate. Yes I am not anymore holding ETH since 2024...and not planning to follow what some whales are doing in accumulating more ETH.

[hugeblack]

How Ethereum Price Surpasses $5,000 Levels and Bybit Related News Is Negative for Ethereum as Hackers Will Sell Their Ethereum. But Before Bybit Events Bitcoin Was Performing Badly as Most Smart Contract Tokens Headed to Solana, and There Is Strong Competition from Altcoin So Without Real Development The Downward Path Will Continue.

[target]

Price I think will still dip back to $2100 as it seem like thats the bottom. Yes ETH may have not done everything right but its still the next most popular to BTC. I don't think SOL has more tokens worth investing but it also has flaws. Its cheaper though so that's the choice in order for an investor to have more.

ETH not going up to $5k is going to be a problem to the person expecting a huge return. Its not just ETH that's under performing.

[vegasus]

If we look at the current market conditions, it is quite difficult to happen. In fact, the market is dropping very badly. I haven't even imagined that a bearish market will come this soon. Will this really be bearish or is it just a market game for manipulation. And then it will be the other way around.

Ah, I feel dizzy with the market. I don't want to speculate anymore. I just need to strengthen my heart. If I decide to hold it more strongly, then I will do it with all the risks. If not, then I also have to take other risks. But what is certain is that ETH will still be able to reach $5k at some point, but I don't know when that will be. Just wait and increase our patience, whether in this bullish period or the next.

[ABCbits]

Scrolling through X today, I saw some wild headlines. North Korea just announced a $1.5 BILLION ETH reserve. A whole country is hoarding Ethereum like it’s a strategic asset. Then there’s Trump, who now owns over $500M in ETH. The same guy who used to call crypto a scam is suddenly a whale. What does he know that we don’t?

Average people wouldn't be thrilled to hear North Korea have lots of ETH (or any coin), when news media usually report they steal people's money/data with help of cryptocurrency. And from quick google search, i only found news that either Trump or someone on his behalf own much less ETH than you described[1].

[1] https://cryptopotato.com/donald-trumps-ethereum-buying-spree-does-little-for-eth-prices/

[JoyMarsha]

Looking at how long Ethereum has stayed in the market, we should, by now, talk about how Ethereum has gone to a higher price of $4k at least than being fluctuating at a price not encouraging. It will be hard for me to tell someone I know to invest in Ethereum. I would rather advise them to invest in low-cost top coins like Solana, Ada, Xrp, and Sui

[philipma1957]

eth behaves like an interest bearing bond.

Frankly it is far more likely to drop under 2k than to pass 5k.


https://coinmarketcap.com/currencies/ethereum/

it has been stable at about 2100-2200 price.

I think it could go up if the USA actually does make a reserve that holds crypto coins such as ETH and Solana along with BTC and ripple..

So if you are underwater you can hodl while staked and hope for the best.

[Axcel777]

If we look at the current market conditions, it is quite difficult to happen. In fact, the market is dropping very badly. I haven't even imagined that a bearish market will come this soon. Will this really be bearish or is it just a market game for manipulation. And then it will be the other way around.

Ah, I feel dizzy with the market. I don't want to speculate anymore. I just need to strengthen my heart. If I decide to hold it more strongly, then I will do it with all the risks. If not, then I also have to take other risks. But what is certain is that ETH will still be able to reach $5k at some point, but I don't know when that will be. Just wait and increase our patience, whether in this bullish period or the next.

The cryptocurrency market is volatile and such a product move is not a surprising thing in the market. Of course, there have been many a time when I expected certain things to happen, only for it to turn the other way unexpectedly and it is quite annoying. However, historically, it happens at the beginning of months or even within a week in some cases. It is feasible to achieve $5,000 in the future, but the timeline towards the target remains unclear based on the steadily growing price of ETH, which is currently at $4197 as we approach the end of 2021, the price can achieve $5,000 given the right conditions prevail. You are right asserting that every position entails certain risks inclusive of holding or selling packages. On this front, a clear mind and uncongested boardroom is important because most litigative movements are precipitated by hasty decisions especially where there is market instability.

[|MINER|]

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.