Bitcoin Forum

ETH is leading the market to a monthly high, while BTC dominance has dropped to its lowest level in two months.

As the ETH merge was confirmed by developers for September of this year, the price of ETH increased by nearly 13% (to around 1360$). BTC increased by more than 3%. As a result, Bitcoin's dominance has plummeted to its lowest level in more than two months. We should wait and see how the merger affects the market in the future.

Lido DAO was the big winner today, with a nearly 50% increase. MATIC and ETC prices both increased by 12% and 27%, respectively.

Today, many of us received much-needed hopium injections. May there be more days like this!!

According to developers, the merge date is September 19th. I incorrectly stated that it is scheduled for late August, for which I humbly apologise.

Also, it appears that the price of ETH is starting to fall.

Yah i also think that same ETH price is growing too fast i missed to grab it early in 1000$ thats a bad luck i think now it will move the next level and it will hard to take it in 1000$ again!

Well this could all go away very quickly if September date comes and goes without the merge happening easily or properly.

Still,,, great news for most people and let us see if this helps nullify the bad news coming everywhere else from non-crypto indicators.

Hopium is nice, just do not get addicted ;)

$1000 to $1400+ in 5 days.  :o
Let's just say it will be expected to be done this year instead of confirming exact dates.
As I checked different sources some say September 19th but there is no finalization about it. I am expecting they will keep on moving the date just to be sure it will be perfect.
Demand is soaring but I am not riding it anymore. I am glad about what I have. FOMO for new investors.

Though the increase was not high enough to cover the cost of the loss over the last months, this is one the good indications that the market is not dying rather investors are really there just waiting for the right time to invest when the price is low and they're just making sure to make some profit in their investment, especially in this kind of scenario where bull runs aren't really possible to come.

Why bad luck, you miss it because you don't trust the market, you fear things will go bad?
There is good news concerning ethereum, the cryptocurrency has hit some FOMO levels and I am glad that the price of ETH has risen to $1400 today. But we are not out of bear season yet and things are still uncertain even though all coins are green today. Don't get too excited when you see green, always be suspicious and careful with the market, there are always pitfalls lurking around us.

You can still grab it right now. Ethereum is still undervalued caused by if you are seeing the history of crypto and then the ATH of ethereum was around almost 5k USD. Anyone is still having the golden chance to accumulate more and more ethereum these days, It will become very expensive coin someday later. Ethereum is having a big gain for weekly movement and bitcoin is also slowly climbing again. Im sure that a small recovery will be coming very soon. You must have prepared yourself for another big event that will come very soon.
I have been accumulating more ethereum since it was trading below 1k. The bearish trend will always become the best chance.

That's right, we can't celebrate the market improvement yet because the future market impact is still unpredictable, even though a significant recovery phase has occurred the middle of this month but the bear market has not disappeared, always monitor the pattern of market movements and if you are a long term investor then don't there is nothing to worry about investing in ETH coins

The leak of information on the date of the Ethereum fork is a very nice stimulus for the market. However, I would be very cautious about saying that the market trend has changed. The entire cryptocurrency market is still very volatile and if it turns out that the data of Ethereum merge is postponed again, it could start another panic sell.

I myself am really looking forward to the launch of Ethereum and its price. This seems like a great milestone not only for ETH but the entire cryptocurrency community. it is possible in the future, ETH will not only be used as a trading currency, but will also gain more popularity as a platform for decentralized applications.

As Ethereum 2.0 draws near this will become an unstoppable pump. Some investors would not care if there is a bad market now, riding the big boat comes first as it may get them to higher profits once the big day comes.
I am optimistic about it as I am one of the supporters of Ethereum but never have I thought it would increase this high when they release the news about the finishing process.
Kind of curious what will happen to other currencies that was being supported more during the time Ethereum was hybernating with fees so high and transactions slower. Can they survive once it is back and dominate the altcoin market?

Bear markets are quite normal, so i do not think anyone is really growling about losses, except those who sold because they panicked or investors that invested in shitcoins that crashed, something like Luna, but if not that, investors that are conversant with the crypto market will understand this plunge and hodl their coins till the bull market comes. The market isn't gonna die, neither will there be any exodus from the crypto network, smart investors will be patient, and will most importantly choose coins that are sustainable for the long period.

The market booming is a good indication that the bearish market is gradually coming to an end. Ethereum can be surging more than bitcoin now, but let's not forget that all altcoins are dependent on bitcoin price.

The launching of Ethereum v2 is long overdue. The promise of launching Ethereum didn't start this year. I wouldn't be surprised if they find a way or the other to prolong it(September 19th). We should remove our focus from that day

This is an unfortunate example, Luna could not be called a shitcoin in the broad sense of the word, because it was a rather large coin with its own blockchain and fund, invested in by large and well-known investors. Back in March 2022 no one could have predicted this outcome, but bad tokenomics caused the collapse of this coin. Although, if they hadn't launched their UST algorithmic stablecoin, maybe nothing would have happened.

Too quick to have that assessment on ETH.

When it pumps, we're quick to say that we're on a bull run or a bull trap and then when it corrects, we're all considering it that it's falling. Well, that's the normal cause of it to be down a while after it's pumping.

Now, look at ETH.

It's about to breach $1500 and it's just a few bucks away.

Well, I don't worry about that as I know that Bitcoin will just be about to rise soon after this dip. I've got some patience and willingness to wait for that moment as for sure this can't be forever.
Well, everyone is just hoping for the best in the market whether it was for Ethereum or Bitcoin as people are investing in them. However, I don't expect a huge increase for as long as the bear dominates the market, that seems impossible to see big rallies in prices unless we are into Bullrun. In fact, expecting 3% increase is very small and even can't feel it as after that drop may follow.

Ethereum have moved above $1500. This will interest the cryptocurrency users to move from bitcoin towards altcoins. When there is growth with ethereum the same can be experienced over large number of altcoins. This could drag the bitcoin price sideways. This isn't a bullish move, according to me it looks like a relief rally which will give opportunity to buy a lower price in the falling weeks. Similar scenario took place during the year 2017-2018 as well as during the year 2020 same time period.

Exactly, Already touched above $1500 also today's increase is above 15%, there was news that it was allegedly a fake pump at the price $1350, but fortunately it continued. Today closed maybe above 15% because currently the price it continues to increase a little more at $1600, whether tomorrow it will continue with a new increase?

I think the reason why ETH has the price increased and increased its dominance is because of its utility on it and it might with the help of those NTFs that make ETH a very useful coin.  There are more ETH tokens that required a transaction fee using ETH and when those tokens move they will create an impact on the price of ETH which might be the reason for now increasing dominance in the market.

It's also the reason of sudden increase of ETH because of what happen to Terra (LUNA), as I heard, LUNA collapsed which is one of the ETH competitors.

LUNA crash a long time ago and Ethereum fall at the same time too so it’s not a valid reason to think that Ethereum pump because Luna collapse. I think the merger hype is what drives the price up. Ethereum will have a better way of consensus which might improved the overall feature of Eth network including speed since it will use sharding method on PoS.

This news announced few days ago which can be correlated to the recent price trend. I doubt that this will continue in the long run since global economy is not doing well.

This is a common thing when a coin is sent for correction after a rapid growth. For those who did not have time to buy Ethereum at the lowest price, there will still be an opportunity to purchase it for $1300 as part of today's correction. Let's hope that the date of Ethereum transition to POS will not be postponed once again, otherwise we may see lower prices.

I think this is a classic buy the rumor and sell the news, the rumor of September merge has made the ETH price gone up, and since ETH has been independent from Bitcoin, meaning that it has many Fiat pairs in many exchange so it won't be affected nor affect the bitcoin price. And I also think that because of the merge, people now prefer speculating on ETH rather than BTC.

I feel like September news wouldn't really impact it right now. I mean sure it would have a "little" impact, but not a lot, it would be boring news for the time being. ETH has been saying merge for like 2 years nowadays, and that's why it's not really a "news" if you ask me. It's definitely something that we could see right now, but shouldn't be happy about just yet.

The whole market went up, it was just a big pump, and that is why ETH went up as well. People were talking about 800 or under possible for this month or not, and we have seen double of that right now, which should tell people that it's actually a bull period, or at least start of a bull period for the time being.

Ethereum is sitting on a daily support/resistance at 1542, which dates back to 2021. 5o% from the high of Nov 21 I about 2500, so we have a long way to go. Still, 927 to get there. The current SUpport resistance is holding, I suggest waiting for the market to tell us what is happening rather than panic about another crash. It has been a strong move up, so we can expect a pullback before it moves further (if it does).

This is expected. These are one of the many reasons why I converted my Bitcoins to Ethereum recently.
And another thing if you compare Bitcoin and Ethereum's at all-time-highs the percentage dropped from their all-time-highs, Ethereum is higher compared to Bitcoin. So I can consider, that I am expecting more ROI for Ethereum if we will visit an all-time-high again.

I actually did the opposite, I sold my Ethereum for Polygon and I'm going to do the MAXX Finance free claim using my MATIC to get extra funds. Ethereum just released their roadmap, 100k TPS by 2032. Polygon and other chains like HBAR will get to 100k TPS by 2023. I don't have much faith in Ethereum as an L1 network.

The ethereum ecosystem does not need to have a large TPS. Layer 2 solutions will perform all the necessary tasks, and the interaction between ecosystems will go through bridges. This will give more protection against various failures.

I think the king of cryptocurrencies is ethereum, although many say that bitcoin is the best but if all tokens are ERC-based then bitcoin is only 20%, and the market is moving positively until now of course because of the role of ETH and I agree that ETH is the leading market.

The price of ethereum continues to rise and is now at $1,580, up 30 percent in the last week. Bitcoin has grown by only 11 percent during this time. Therefore, it is not entirely important whether the merger occurs on September 19 or a month or several months later. Most importantly, investors understand that this coin will be updated very profitably in the near future and will grow well in price.

Today the price of ETH is having a strong rally and it is possible to experience some increase as well next month. In my opinion, you should buy as much as possible now, because the cryptocurrency market is very volatile. The most important fact is that the implementation of the merger works in the future market. If that happens then a lot of premonitions can come true.

Yes, it is true that when the price of ethereum, it affects all other coins to some extent. Then one thing should always be kept in mind: Bitcoin is the number 1 coin in the currency market. And as it grows, it has the biggest impact on other tokens. But the price of ethereum came down the lowest but the price of ethium has increased a lot in the current time. Another thing can be said that the price of ethereum will not decrease but will continue to increase. Current price of ethereum  15k.

Yes, money flows from stablecoins to BTC, to ETH, then to medium cap alts, then to microcaps like ATRI, CNDL, and 0xMR. You need to be in each category before the market flips to that category... if that makes sense. If there is a dip in the market, the process reverses temporarily.