Bitcoin Forum

Just like the BTC sentiment poll this month, I just want to know how and what you guys are feeling towards the market, specifically ETH for October...

I feel like the ETH market has done what it needed to in this market.  It has already made all those who were likely to sell, dump their bags.  I mean is there really more down side after everything?  :/  I used to think yes.  But somehow I'm slowly not convinced anymore.

https://i.imgur.com/el5cRdA.jpg

I think that after one year of a bear market we are due for a bull market but that said, I am not bullish on Ethereum or BTC anymore. I think other alts like XRP, FTM, and ICP will all see 20x gains soon, particularly ICP with its native BTC and ETH integration, HTTP calls making oracles obsolete, and ISO20022 integration.

Downtrend is still possible in this market, Fed can still ruin everything but it's definitely a good time to start buying, I am ready to see my bag losing 50% of its value in this bear market so I don't care since I am holding for the long term, but not buying now is like missing opportunities that may not last for long, since no one can tell its better to start buying.

In my opinion, in October, Ethereum will not dump too deep,
it can even be said to be sideways because Ethereum will be in the price range of $1000 to $1300 this month,
so I think Ethereum is still in the sideways zone, but of course if $1000 breakdown,
it's better to cut lose first because it has the potential to dump up to $500.

Whole market is very oversold.  I agree with you about bitcoin - close to bottom and everyone who wanted to sell already sold. But I'm not that sure about ETH. I think that "pre merge" buyers hoping for "post merge" pump did dump all their bags yet. ETH needs few more month to clear from them. So my pick for ETH is that it will either go down if whole market will go down or underperform if whole market will bounce.

^  You made that post around 4 hours ago.  I was honestly thinking the same but it looks like ETH just broke another crucial support level just now.  :/

But I mean, yeah ok it's happening.  But what would have caused for ETH to start breaking down like this?  And it's not just ETH, the whole market is red.  It hurts looking at it. It feels like the kind of sell down that we'd see go on for a whole week straight. 

https://i.imgur.com/xdcS8c9.jpg

october will be a very decisive month for cryptocurrencies, if the price of Bitcoin dumps up to $17k again of course this is bad for the market,
because Ethereum will also be affected, yes even though judging from the chart there is a possibility of ethereum going back below 10000,
but it also depends on the price of bitcoin. Hopefully it doesn't happen.

This is more possible if the trend continues, we need the hype and the real good news.
I’ve seen Elon’s tweet about 20,000 and many assumes that it’s the price of Bitcoin, let’s see if that can totally affect the price of Bitcoin and the market because if yes, we can expect ETH to pump as well. The bear market is still strong, it will be hard for ETH to pump alone and few months left for October yet the price is still down.

There is still no certainty about this, I have been monitoring the ETH market for about a month but it tends to be very weak. Although the price is still very reasonable for now. October will end in 15 days, usually there will be a significant chart change in the middle to the end of the month, the price could rise slightly to $1400.

There’s no significant movement for ETH right now, and the market is also down so maybe the price of ETH will stay on that level until the end of October. Though one good news can easily change the trend, and I’m talking about the economic news here. As US continues to increase interest rate, most of the market are affected by this and even with cryptomarket, most are hesitant to buy during this uncertainty and that’s a normal approach.

Elon alone is not enough to pull the market up, his influence on his tweets is gone, people are fed up with his manipulation so it is not working this time. Indeed, in a bear market like this, ethreum or any altcoin cannot pump itself without looking at bitcoin. The only altcoin that is going against the trend is probably XRP because of favorable news from the battle with the SEC, but I believe XRP will soon return to the general market downtrend after being pumped to take profits.

That kind of hype should not be the basis of a pump, we know Elon is just shilling here and he has bees spreading such hype which resulted to many losing their money. That’s the next trend for XRP, it’s good that they actually score against SEC and yes, profit taking will be the next issue. With ETH, the hype for merge is done already and I can say that the price will stay on it’s current level because the whole market is still down.

I still think a possible downtrend will still continue because of the surging increase of prices in the basic commodities, I think it would still force some people who are hodling to liquidate a percentage of their assets for possible emergency funds.

Prediction of a global recession to hit in 2023.
https://www.worldbank.org/en/news/press-release/2022/09/15/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes

seeing that merging did not bring any good imporvement in the price of Ethereum? I'm afraid that we will be seeing more dumping in the coming days, though there are stable times for ETH yet this is not enough to bring trust for the whole community as we are looking for the effect of world economy.

since the merge happened, the price of ETH has gone far, on the contrary, it has fallen almost to touch $1200 and has risen again above $1300, I don't think ETH has found their lowest price point yet so they often find new lows, so hope ETH will give something new to come so they can recover soon from this situation, I still believe ETH will recover faster than BTC, let's see I will be happy to buy it if the price hits $ 1000 , I give my poll for UP

It's not really an eth sentiment but more a  market sentiment.  It's a sideways market right now.  I don't think October or the rest of the year will be up months.  Think we got upwards of a couple years of price constraints before it's possible to see another bull market.  But that's just me.

The issue of the US increasing interest rates has been heard since last month, but the decision has not been confirmed until now. But the news also has an impact on anyone they are reluctant to invest in crypto anymore and puts everything in doubt. Maybe we should look for other alternative income so we don't always have hope in the very confusing crypto market like it is today.

Most people think Ethereum will continue to go down but what they don't realize is that if the core Ethereum devs ever enable staking unlock, the price will dump down to 200 dollars or less. It could be a long time until people's staked ETH is unlocked. I prefer self DeFi over Ethereum POS rewards because you have more control and the potential profits are higher. Ethereum only pays out about 4% APY. Compare that with Cake or MAXX finance, which can pay out 80%+ staking rewards.

yes , the market only shows how from the top coins moves nowadays specially this whole 2022 as we have just come from the ATH last year so more or less this is another bear year though maybe there are small pump to come in the next months or at least before this year ends?



but of course voted for Sideways because I'm not really sure what will happen as even the expected merging will bring lights to investors yet they failed.so what can we expect to be better if even the biggest news and event this year did not perform well?
maybe lets admit that this whole year will be another promising but not so sure bull coming.

Price of btc is at $19k and I think this is not close to the bottom. If only its price will fall further and stays at $17k then I might agree with that. All btc hodlers have an urge to sell their btc's but it's kinda impossible if they will sell at these low prices. It's not beneficial at all and they might only lose if they do so, so they will just extend their patience again and continue hodling.

About the eth, many of those who bought before the merge are done selling their coins while some didn't do it because they think the pump will continue after the merge. I think there will be no post merge pump that will happen but there will only be normal recoveries soon.

More sideways movement seems like the most accurate prediction we can make, people were disappointed with the lack of action the merge brought and this is what caused the crash that we saw in the price of ethereum after the merge, but now that finally all of those speculators sold their holdings I think not much action is going to present itself during the month of October, and it is even possible this will be true as well for the rest of the year as well.

We already passed the middle of October, but the price tends to decrease more. I am pessimistic that we can see the price to $1400, looks like the market trends to trigger ETH price to $1000 at the end of this month. The price of around $1400 may be achieved in the next month, but we need good news to achieve it again. Sadly, the biggest issue lately is the possibility of a recession, it is not a good sign for ETH price. I suspect the price of ETH will be hard to achieve $1400 in the near future.

For me, it's all in hands of Bitcoin right now. With this kind of market, most of everything are correlate with Bitcoin especially the other top market cap altcoins like Ethereum.
At first, I thought the post The Merge event will really affect Ethereum but nothing happens, it was only hype at beginning and dump after the big event happened on Ethereum.

Agree. It depends on the Bitcoin trend. If Bitcoin continues to drop its price, ETH seems to follow it. Just check the patterns of Bitcoin and Ethereum price charts, they are almost the same.

https://i.imgur.com/8a7GXn9.jpg

Source: https://www.coingecko.com/

As long as Bitcoin is decreasing its price, I see no chance that Ethereum will rise its price. Except if there is big news or event again, it may bring an impact although the impact may be not so significant.

actually the recession is not only bad for Ethereum but the whole market mate, from Crypto to real estate, from stocks to all investment areas because this will take effect in all aspects .


When even the merge brings bad movement so what more the end of this month and even the following?

Lets see if December will bring different way for ETH .

Locking the poll now as it would be pointless to still have with just 5 days left in the month.  Not that it matters...  There's just 9 of you who voted.  That hardly tells anything about what the real sentiment for the ETH market is.  There were 5 out of 9 who thought it going down tho.

So I'm thinking the sentiment next month will be so positive but in the last couple weeks of the month, it all goes tumbling down once again  :/

Ethereum is just finished with its merging lately for sure its price still has to adjust to the new ethereum system I think they will be more down than the current one. but with this coin there is nothing to be afraid of. as the second best coin in the world ethereum remains strongly afloat.

I also think so because after all Ethereum is the top altcoin which there is no doubt about it,
for now, it has not seen a significant impact after the merger and to be honest I'm not worried about it,
Ethereum will still have a promising future