Bitcoin Forum

Technicals aside, Ether’s rapid ascent to $309 could also be receiving a sentiment boost from the news that the total value of funds locked into decentralized finance platforms (DeFi) reached $4 billion today.
After a nearly 30% rally this week, a period of consolidation is to be expected but if bulls find renewed or Bitcoin rallies into the weekly close, there is a possibility that the price could clear $317 and the absence of overhead resistance could see bulls target the 2019 high at $367.

https://cointelegraph.com/news/ethereum-price-rally-to-370-depends-on-bitcoins-upcoming-weekly-close

hope this is the beginning from the bull market

And with the fast approaching Eth 2.0, I believe we will see the $400 level soon. And if bitcoin continues its increasing pace, it will help further in boosting the eth's price. So brace yourselves for the good times in crypto market. Prepare your investments as this will be a good opportunity to earn profit in the next coming weeks.

$400 is not that far so I believed as well that it can be hit if Eth 2.0 will be released in the last quarter of the year. And this could be the catalyst for an altcoin bull run. I stress altcoin bull run because bitcoin has making its short run after the pandemic scare.

But the altcoin has been bearish for many years now. And we all have been asking ourselves when are we going to see altcoin climbing again. So let's see, it looks like ETH is consolidating, but I have no doubt that it will make another push around $320-$350.

Currently settled to $310 today, not that bad. We also have to look at how much Eth is being locked in Defi, its been hitting around $4-$5 billion, give and take and it seems Eth is following that growth as well. I like the analysis, $317 should be next target, forgot about $400 for now. There are going to be a lot of resistance moving forward for Eth, but $317-$360 will be a great achievement if the price will go and hover around that levels.

I hope it will also...
But can't deny what is the market sentiment by now. The resistance level is still at low, the current pumps look so great but it is all just a normal market scenario, and never see a huge flip to see the price will move high or leading into bullish altcoins.

But anyway, I was not closing for a chance to see this. Ethereum deserves to have that surge and even though we can't be of that rallying sentiment, I'll keep ETH in my portfolio. And for now, I'm looking forward to seeing a huge improvement to its resistance level and the support from investors to keep this momentum and have a breakthrough for $350.

Without any update last year, the top of Ethereum was 367 USD, we can expect more than last year. After a huge long time, this could be a big announcement from the second top coin. From the top, last year Binance, then Litecoin, then Bitcoin, then Vechain now is the time for Ethereum. I think altcoins season will start next year or last quarter this year.

As long as there will be no delay for the launch of the testnet and ethereum will break another record again. This time it is growing very fast and $400 will be achieved as soon as possible. We know that the developers of ethereum didn't yet publish any news about how much annual yield for ethereum. that will be another big news for sure.

I think this is a great news for the altcoin There is a possibility of hitting 400 but lets hope BTC keep up to hitting pass 10k and surely we will see a huge growth from ETH For me i think i will be watching the market

The next target for ETH will be $36 region where there seems to be a lot of resistance. This year looks great for traders of cryptocurrencies and will put an end to almost 3 years of bear momentum.

We are currently at $320 price range and it is still going up. This might be the the even that we've been all waiting for. Though this might be a risky situation as the market rose too fast. We might see some correction soon and rise again if this hype along with the defi hype last long enough.

ETH has been strongly growing up for a week. $400 is the next target for ETH. Before that i think it will have a correction which last some days before it continues going up.

Of all the coins listed in the market Ethereum seems to be getting the big upper hand it is the biggest gainer this week, this will shut out all those who claim that Ethereum is going down and there are new platforms that are going to be the next Ethereum killer like Tron, Cardano and the likes, the era of Ethereum is not yet ending.

the application of Eth 2.0 is eagerly awaited by many people, because Eth's transaction costs are currently very expensive so that it can make interest in Eth will be reduced which automatically can reduce the rate of price increase. If the cost of Eth gas continues to be as expensive as now, maybe slowly its popularity will decline and the price will automatically be suppressed

yeah, project Defi make ethereum continue to rise until the current price of eth reach $ 327 possibilities eth will rise to $ 400- $ 500 project Defi continue to emerge and now make eth increasingly jumped dramatically I think if this continues to happen ethereum can climb back up to $ 1000 in years 2021 I very trust if ethereum could again become coin that can provide high profits and become coin top 2 coinmarketcap promising for long-term investment.

will happen if eth 2.0 is done well, it is not even impossible to reach new ATH, but now $350 is the closest target that can be achieved for ETH and also will affect the price token on ETH chains.

I think ethereum is the only one altcoin allow with bitcoin situation, where bitcoin reach to higher price ethereum could stable going on to higher price, will be last year moment when bitcoin reach to higher price above $500 happen again, maybe if bitcoin keep continue to going up I sure ethereum will back good moment to higher price too.

Right, I'm sure ETH can reach their new ATH if the Ethereum 2.0 platform runs well, ETH price increases above $ 300 are proof that the Defi project could have a positive effect on Ethereum network. Don't waste this opportunity to buy more ETH as your long-term investment.

$400 will be the next price of ethereum, but I think that ethereum will adjust the price again before the price can increase higher. Or the next scenario will be ethereum will still increase without stop and reach that high price. As the bitcoin price now is still growing, ethereum follows behind bitcoin, and the price is still trying to break the high price. We hope that this week can bring a good sign for ethereum to have a bullish trend again.

Most crypto enthusiasts are very optimistic about the future of Ethereum, which is cool. But the issue with most investors is that they only pick interest to buy a coin only when it starts making massive uptrend, this is wrong. On Twitter yesterday I started seeing price predictions of ETH on my page like "ETH will hit 10k$" and so on. Let's understand crypto is highly volatile and next hour, the market might change direction. OP made mention of DEFI contributing to ETH recent uptrend, which is true. ETH 2.0 plus DEFI booming are two major FA behind Ethereum.

Bitcoin and Ethereum both are now in trending and if Bitcoin remained in trending for next few days I am sure Ethereum will also cross $400. This is a very good sign for the crypto market that the king of altcoins are now in very good position and in up trending.

In my opinion and looking the graphics the next step will be the 500$ for the end of the next month. After this step we have to wait only the bull run for see ETH over the 1.000$ After the 500$ will be a long period of consolidation

This is an easy surge for eth. If the release of eth 2.0 is successful enough we can see probably a new all time high. This time I would not let it slide and sell my coins. Ive missed the train of dumping some of eth due to bear crash but I hope eth will continue to rise until it creates a new ATH. Maybe this year eth will be the reason of bull season.

As you have mentioned here is in 2019 the highest ETH price was $369. So, wait till then when the ETH price goes above it and sustain above this price level for a longer period of time. Even if the price reach there there is a big hurdle in the level of $400. SO, this is the crucial point where the the Ethereum price get fever and then only you have to take decision for your long time investment.

As you have analyzed, ETH has surpassed 317 $ and is currently trading at 325 $, and now it is continuing to rise to conquer the ATH of 2019, if it can pass, 500-600 $ this year is workable

I don't have one target for now I am selling at every $50 increment starting from $300 let's see how far ether is going to go to but, I am really hopeful that it will $450+ before the launch of 2.0 mainnet.

I don't have any more Ethereum, I don't have any more bitcoin( I am not as optimistic as many with this thread. This growth of Ethereum can not last long and requires a correction for the coin. The only thing I do now is watch from the side, so as not to miss entering the short position.

So far, Ethereum is growing well and I think Ethereum will continue to grow in price for some time, so have time to make money on it, otherwise at one point there will be a big dump and you can lose a lot on it, so always think over your actions several times.

That seems kind of hard for ETH to reach $450 before launching ETH 2.0. However, who knows? Every surprise can happen in this market without noticing. For me, I'm expecting ETH to reach over $500 after launching ETH2.0 and also it will trigger a bullish season for altcoins. Many traders and investors are also expecting that to happen. The market is in critical condition for too long, we need something to keep our faith and ETH 2.0 is that thing!

So are we admitting that these could all just be a lot of hype and fomo brought on by defi? Then should we not just be worried,,, and not put in more money because this is nothing more than "come and put more because it's a lot of others putting money inside!". Might still be enough for a bull run but be wary

Ethereum has always been a lot of investors choice and I still feel good holding this coin. During the past 3 months, the coin has always held steady and today ETH price has officially surpassed the $300 mark and this is a very good sign. However, it is still too early to talk about the future of this market because generally the market has not entered the period of high prices.

There's a lot of reason, but the main reason I guess is the soon launch of ETH 2.0 which is expected to be launch this year.

We are getting close actually as the test net will be launch next month.

https://www.coindesk.com/ethereum-2-0-developers-announce-final-testnet-before-network-launch

Lots of positive things happening in the market now, it looks like they are collaborating and good to see that both bitcoin and ETH are bullish.
Also per the article below, one of the reasons is "DeFi exploding to new highs".

https://cointelegraph.com/news/ether-price-hits-2020-high-key-reasons-why-eth-outperforms-others

Reason #1: DeFi exploding to new highs
Reason #2 and #3: Ethereum 2.0 with rising options and spot demand

Next target will depends from ETH 2.0 release. It could be nice reason for pump or dump if release will be with problems

of course ethereum will always have a price increase movement and in the future there will be a big project from ethereum which in my opinion can provide a very high price increase because many are waiting for the ethereum 2.0 project to be launched.

Yes, absolutely right, Ethereum began to grow and this is a big plus for the development of new projects. Now that Ethereum achieves great results, there is a high probability of attracting investors who will be happy to invest in the development of new technologies. And accordingly, crypto projects will develop and increase their potential for the benefit of society.

I don't think there will be issues with release, they have announce that they are inviting hackers and developers to try to hack the platform for a big bounty this is to insure that the platform once released will run smoothly, once the new version is released, Ethereum will have another all time high and will strengthen their position in the market.

We cant tell that. Yes they invited all to try out for some flaws and make it as bounty but sometime there are bugs and error that likely found late. But I am confident with ethereum team that they fan sort out and bugs will not be a hindrance to their new all time high when they launch 2.0. I think Vitalik knows that this will happened so they are ready for every problem. Too bad that I only have few eth on my wallet but hoping can get some from campaigns so my portfolio would grow a bit.

all this time, ETH and altcoins were at a very low price! I'm waiting for the ethereum to catch up with Bitcoin, this will be fair, I believe that the bull market is necessary for cryptocurrency to develop to the next level, maybe even to provide it in all countries as true currency

The increase in the price of etherium with bitcoin depends on the comma.That's why it's costing them to update their network system.I hope it will cross 350$.It can be called as the next target.

Eth can reach 300 $ already many have predicted it, some even make Predict will reach 500 $ as stated by Crypto Bitlord on Jul "the next monthly for ETH will bring us close to $ 500." so maybe eth 2.0 can make this happen.

Is ETH 2.0 ready for the market or its devs are still developing it will try to read about it??

Honestly crypto today is not as speculative as it was a few years ago and with the current bull market we all want to see more green numbers but rumour has it that our American friends are investing their stimulus package into crypto to cashin on current surge so when the time comes we might experience a huge drop, though too many good things have happened I'm the last couple of weeks....PayPal visa news and many more.

If ETH 2.0 turns out as good as they say we should see price rise above $500

I see that FOMO begins again. Ethereum has only reached $ 315 and everyone is already talking about $ 500. there will be no such fast growth now. Do not hope so much for the growth of ETH.

Until now, we still don't know when ETH 2.0 will be available on the market, so it will be long before ETH reaches $ 400. I think the reason Bitcoin and Eth have been rising recently is that the political situation in the world is developing in a bad way. If you want to invest in the cryptocurrency market, keep an eye on the disease situation and the war between the US and China.

Currently, the price of ETH is slowly rising. ETH prices are currently above 320 dollar. Hopefully it will reach 500 dollar within 15 days. Many people have high hopes for ETH. So best wishes for ETH.

How'd you that?  ;D
It's 317 now.

And I thought we are at a pandemic.
Which means people are striving to afford necessities.
I don't think that is happening. I hope we also have some news about how much money is being withdrawn in bank accounts.  ;D
Maybe they are really switching where they want to invest their money.
Somewhere they would also sit around but higher chances of profits rather than 0.1 percent annually from banks.  ;)

Your analytics about Ethereum's price are quite reasonable and I want to add some ETH price ranges before it return to old price peaks (1400 USD), it gonna return to 260 USD and after that it will be a very strong spike to around 400 USD

Hopefully this month is the start for ethereum to pump but also hoping for the altcoin that still bearish. If you see last year bitcoin is pumping but eth and alts is left behind,hoping that all will pump so we can see or say that new ATH is coming,and of cource expect the high fees for every transaction.

the question is whether the altcoin market will move on its own now?
or still depend on the BTC price movement last week, I saw the dominant btc which declined to 60% and today rose again to 62.8%.
and as we have seen some alt follow the price of BTC and go up.
so in conclusion alt will still follow the BTC for price increases, but not all of it.

In my opinion, most altcoins (if you don't wanna say all of them) rely on the movements of BTC. There is no coin that can get rid of BTC effects, even the second biggest coin like ETH. BTC is dominant in the cryptocurrency market and we can't deny that. However, what's the point? Why should we expect altcoins to move on its own? I don't see any trouble when altcoins follow BTC movements so far.

I hope ethereum will be able to sustain above 300 and it can find support here for may be a couple of weeks and then it can resume uptrend I will be really happy if ethereum hits 500 by august-september.

It looks like the correction is starting to happen as the price of ethereum has been declining again. I may think ethereum needs another result from the launch of the POS test net. I hope that bitcoin will push ethereum at the same time to make $500 become a real thing.

I have already written several times that the crypto market develops cyclically and all this can be seen if you study the history of cryptocurrency price movements earlier. But now we come to the next date of the new flight to the moon. This event should happen in 2021, and since the price of both BTC and ETH is still quite low, it is time to gain momentum. We see an increase in BTC to 11,000 USD, ETH to 300 USD and even higher. All this is a signal that there will be growth. However, you need to understand that growth will come in waves. I see that by the end of this year we should get closer to the price of the last high for both BTC and ETH, possibly other altcoins. Moreover, now there is an infusion of big money into the economy, both from the United States and other countries, of course, part of the money goes into the crypto sphere.

Clearly investment in crypto is very rewarding compared to banking of course, it does not seem that a pandemic results in people not working to seek profits in pursuit of crypto.

some are clearly in dire need of finance to buy necessities of life and medical devices to ward off a pandemic, but those who are undisturbed finance are clearly looking for their own innovations in a pandemic situation to be able to continue to benefit. obviously investment in crypto is highly sought after because it doesn't necessarily have to be directly affected by the pandemic.

Moreover, the current crypto situation is quite good and there is no need to hesitate to invest in crypto. bitcoin is quite powerful and has already penetrated $ 11K several times and this is very exciting because it will have an impact on all altcoins including ethereum.

I think that there are no targets, we are in bull run! Bitcoin is over 11 000USD, so what are you waiting for. Now it is the last time of buying low. Ethereum will surely copy Bitcoin's move because finally Ethereum showed great progress in development!

We already have Eth 2.0 which will be proof of stake and that way people will move into staking ethereum and everyone will want to buy and not sell and miners won't be able to mine it and sell it to cover the costs of it all of which means that ethereum price will go up, what could be more than that when you are talking about the future of ethereum.

I know that there are other staking coins out there who do not improve that much and that causes people to reconsider the idea that ethereum may not go up too much after the staking happens, but they are forgetting the difference in ethereum. Ethereum is a coin that is used in a lot more stuff and even has trading pairs in a lot of places as well which means that you get to actually use ethereum a lot more, and with staking people will not want that and want to hold it, which will skyrocket the price.