Bitcoin Forum

Hi guy I drew chart, I know I am not expert but I will say that I will say that In start of new year Bitcoin is looking weak and that's not good for the Cryptocurrency makret.
I have seen that Bitcoin is looking too weak, and also volume is also going too much down and also down and that will draw short people to go down more dropped. Let's see what will happen with Ethereum in coming days. I am waiting to buy Ethereum at 500-700 dollars Rnage when it will come.

https://i.imgur.com/4Rd7nQF.jpeg

So what you guys will say if there are some experts. We cannot project anything full clear but we can say that at least technical analysis wouod be great.

Where are you when ETH was in the $500 range in 2020?

Why wait for it to drop to $500-$700 when you can just buy them right now by doing DCA. The price range you are waiting might take some time to happen since it will only go down once there's a FUD or Bitcoin will drop. And by comparing those previous price of ETH in $500 during Nov 28, 2020, BTC price at that time was at $19k. Do you think it will happen again when you already missed it?

If you keep waiting for the price to drop at what you are expecting price you might missed your chances when you can just buy some right now since it's quite low compared to its ATH price.

right, now is a good moment to gradually buy altcoins from now on. the discounted price is now showing an average of -70% I also anticipate not throwing away my money directly, the gradual method is the safest. and this moment should not be missed. although there is a lot of news that bitcoin will still drop in price in the future to reach 12k or maybe more, but the market is difficult to predict, there could be good news that suddenly

I don't know about the "looks" of Ethereum, but knowing what I know about it's founding, holders, and coins waiting to be dumped onto the market, I wouldn't feel good buying it now.  So many coins are locked up with huge gains in the ETH2 contract, waiting for their opportunity to be withdrawn and dumped, it is going to certainly have a negative effect on the price.  The longer it takes to allow this withdrawal, the more customers will be looking to cash out, not to mention the more ETH they'll have from interest to cash out.  So for me, regardless of how it looks, I wouldn't come near ETH until after the ETH2 coins are dumped onto the market.  Bitcoin seems a much better option, although I can understand sitting on the sidelines until the mtgox coins are dumped as well.

There's another alternative to this, and that is these dumpers refuse to dump their ETH because it's down, and they know just like you . They see same exact thing happening when take rewards get and rather keep waiting to sell after dumpers and aftr price is back up. I mean if they had patience to hold this long, they most likely have patience for another year.

Oh, that's great but I wonder where is the drop coming from? I am sure not in Bitcoin because its price is still the same but in fact when I check BTC earlier, it gained some and then its colour is green again. Altcoins are supposed to increase and not drop right? Since BTC is their leader and they obey it whatever it do.

2023 is suspected to be a continuous dump year for the whole crypto so yeah we should not hurry up when buying and use most of our money but we can just do a DCA to be able to gain access for a better buying entry. If they missed the last times bear then they still have a chance. They shouldn't missed this one because this may be the last bear we have before the rally begins.

Holding for that long indicates that they are still hoping for a better price with ETH and believe that its not over for ETH. We are still on a bear market, that’s why the market is still weak and personally I see this as an opportunity to buy though the chance of hitting the real bottom are more likely to happen in the first quarter of 2023, you can choose just to hold or try to increase your holdings, this is still ETH the top altcoin.

even though it could be losing value in the future, one thing for sure with eth is that its ecosystem is too big for it to just lose its value forever, eventually it will go back up again and recover its value.
it's unlike some random coins that just goes down forever, it has underlying fundamental that's really strong so I wouldn't worry if I were the ones that has invested in ETH, but certainly there's always chance that this coin gonna gets corrected more.
after all there were many projection by the so called market analyst that in 2023 it's gonna be difficult all around therefore it's certainly better if we could be prepared that maybe 2023 isn't any different with this year considering the trend and economic circumstances.

bitcoin is not weak right now, it's just that investors are waiting for the price to drop to their desired target in 2023. it is possible that bitcoin will decrease in price because of the effects of the recession that occurred this year and all altcoins will also decrease in price because the price of bitcoin dominates the market so that when bitcoin dumps all coins will follow.

for ethereum price speculation i am not sure if it will touch $500-$700 because ethereum fundamentals are very strong and i think it would be better to buy DCA strategy at around $1000 or $900

Bitcoin may have looked weak and didn't move much last December and January has just come so we'll see how bitcoin moves in the future. But waiting to buy ethereum for $500-$700 is too long to happen because the price is still at $1.19x. Apart from that, we also don't know whether it is true that Ethereum will fall to that level or whether it will experience a reversal along with the movement of Bitcoin. Ethereum moves based on bitcoin's movement, although it won't always be. At least, that's what has been going on forever. And if that's what you want, it might be too late to buy ethereum and I suggest you do a DCA.

That is your saying and its good that you have your own identification of market, but most of the times our expectation comes opposite to what will happen so maybe have your ways a little chance to different market reaction and what i believe is Ethereum may not fall that low so better buy now? or regret sooner.

In the last few months Bitcoin has been observed to be very weak, it is so difficult for Bitcoin to be able to stabilize prices.
Therefore the cryptocurrency market is always shaky and difficult to survive because the prices of all crypto assets are driven or depend on the price of Bitcoin itself.
So don't be surprised if ETH also experiences the same thing because indeed ETH is classified as one of the Altcoins whose price is also centered on bitcoin.
But don't worry, in fact you can take advantage of this momentum to take large amounts of ETH at prices that tend to be cheaper.
you only need to analyze the right position to be able to take ETH at the lowest price.

Seems during these days and the price level of a high market cap cryptocurrency just like Ethereum and Bitcoin, expect that Ethereum will also follow Bitcoin. So if Ethereum will reach $1,000 or below level, I expect Bitcoin will drop also $10,000 or below.
These are all possible, especially since we already experienced the $1,000 and below of Ethereum last June 2022. I believe we will test it again this year.

You are predicting ETH into a terrible thing happen but I don't think it was right.
Honestly, you can't assume OP that will happen to ETH. Let's say it was weak in your view and opinion but if you look around and do some searches, you can find that ETH is more valuable than any other coins, even BTC. We can't just value a particular coin base on the current situation or on its price but we value a project base on what is its role in the crypto market. In fact, it never happens to have in the 2nd place if your thinking is right.

Just look back at what happened last 2021, I'm sure that you can never tell ETH is weak.

Is there any probability?
we don't expect only Ethereum to dip that price of $500 to $700 without affect the entire crypto market and you know what that negative reaction it would caused the general crypto market. This seems to be less -30 percent dip which this might raise many dust and panic in the market, basically it would be difficult for this to happen even if it will occur it would been the era of Luna and FTX collapse and many other would have brought it down to $500 yet it still maintaining its position to be around $1k plus.
Buy when is possible rather than waiting to depreciate in price before buying.

Don't expect much from the market, just move with the flow. Ethereum stands next to bitcoin in all means. Whether it is growth, crash or positive move ethereum completely depends on the bitcoin market. Ethereum isn't weak, it is moving based on the market movement.

Expecting $500-$700 is good, but the same should not let you miss the investment opportunity as no one knows when the market recovers. Months back price of ethereum droped around $900, by the time none invested and later when it bounced everyone were on the rush to buy ethereum.

Indeed, Ethereum is following Bitcoin trend at this beginning of 2023. Both currencies are stable, while presenting a slight increasement in price, which may touch their resistance levels respectively, if the tendency continues smoothly on this direction.

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I don't see why ETH looks weak right now. It's behaving like bitcoin, and it doesn't mean bitcoin is weak at all. There isn't a real evidence to justify such claims. The week time period seems positive for ETH with a 2,35% increasement in price, but it still has to overcome some barriers to have a positive fluctuation in comparision with the monthly time period, which shows ETH with a - 6,05% negative oscillation.

if btc sees correction in the future eth will always follow, I think the next correction could still be happening despite the fact that we've going down so significantly already, after all the current circumstance isn't really looking good enough.
though like that, I still consider investing eth such good investments, don't get wavered and doubtful just because the technical analysis shows bad sign meanwhile we all know that it has lost 90% of its price, it will go back up again eventually.

This is how the market used to move. When there is growth with bitcoin, the same will be followed by ethereum. Then the market movements were followed by rest of the altcoins. Investing into ethereum is always right, because it won't let you down. Being into the market it have made a significant developments as well as charity when someone is in need.

Ethereum have got long way to go. What ethereum reached as it's ath is to be broken in the upcoming years.

it is your chart so its yours to believe , But me? i doubt that will be looking weak comparing to other altcoins , yes it may lose value but surely it will go with the flow of other coins specially bitcoin on top.
bear market is coming more this 2023 so if you are assuming Ethereum will look weaker then what more other coins that has little support from the investors?

I expected ethereum to have dip more than it current price in the last weeks of the previous year 2022 because of the many crisis rocking the entire market in the last last quarter of 2022, but as ETH sustained it above $1000 price benchmark and crossing into 2023 with that price.

I wont expect it price to drop below the current price, becausif you study the chart correctly, you will notice most cryptocurrencies are building up strong resistance despite the many forces from early year sell off.

But what we may not see, is ethereum going down to $500 - $700 as you predicts.

Don't really care about the chart, if there is a decline as long as it is within reasonable limits per day then it's normal you don't need to worry too much about the decline. When there is a downturn and we still have reserve funds and believe that ETH has good fundamentals then accumulating ETH holdings is quite reasonable, or if you are good at reading charts you can wait until the price hits a lower level before deciding to buy more, although it is almost impossible to know for sure the lowest level of a coin.

Nothing new.
Whenever the market is in the bearish form, we'll only see that it's too weak because of the situation. Don't be surprised that it's down at these moments, no matter what the good news we have from the publishers.
Still, what's strong right now is the bear and they'll be like that for altcoins. Because whenever bitcoin is down, it's known that ETH and the other alts are also down as well.

I am very doubtful if I consider Ethereum being in comparison to many other altcoins. Why? Its because Ethereum nearly always performs like locomotive in front of all other altcoins.
But when I consider current situation we are in, I feel like all altcoins including Ethereum don't have room to raise in price. I wish there was enough demand to start another Ethereum rally but very unlikely. People still hesitate to buy more altcoins now even if year is 2023.

ETH is very popular and therefore acts as a locomotive, but it ranks last in its blockchain commissions table, especially compared to Layer-2 solutions like Arbitrum or Optimism. ETH has become blue chip and big institutional investors are investing in it, for small deposits ETH is not so profitable anymore because it has grown a lot lately. If ETH grows 8-9 times in the next 5 years, it will be a very big achievement considering its capitalization.

Ethereum had to go through some trouble during this period and that's why it matters a ton, if you could focus on something much better such as bitcoin being not so strong neither, then ETH looks fine.

Yes, it has been a terrible year in 2022 and it doesn't look great now neither and even worse than most others but that doesn't change the fact that we are going to go through something magical when ETH finally picks up some speed. It's important that we just buy ETH and hold for many years, that will make it all the better.

greed with your statements, what matters most is the long term increase in value, these chart could be a short term ones, so I think there's nothing to worry from these charts, the eth could very well get its value decreased from these charts technical analysis but at the end of the day if the eth could ever rise near its ath for long term, then that's the thing that matters.
honestly technical analysis like this one should be useful only for daily traders that make profit off short term investments, the long term holders should just wait until next bullruns.

According to you your TA looks so unreliable to be trusted. I meant you can draw whatever you want but the market is still remain unpredictable at this moment. I meant look at how bitcoin just like losing its volatility in the market. Ethereu will not move to the somewhere if bitcoin was not doing anything. So, which factor that makes you think your drawing was reliable? The bearish market has become the new trend since last year and people were dropping crypto and moving toward another instrument. This is also happening so many times in the crypto. The volume drop was meant nothing as people prefer to hold their assets rather than trade it for crypto

if bitcoin shows weakness then what more Ethereum will show? the whole market is weak while bitcoin is on that position so maybe better to call that you believe in the whole market is weak more than you are pointing to ethereum only.

I think it's just the outlook people have towards crypto right now because of the bear market. Like, they can't imagine a good situation and a big bull market because we haven't seen it for over a year. That doesn't mean that it's not going to go up, we all know it will go up, and some of us know that it will break over ATH eventually as well.

But, it is not easy to hold your breath until that happens, so people are slowly leaving, most of them already left, and they will come back when the market is a little bit better, they see no point in waiting like this during this period, they are hoping for something much better in the future and when that happens they will come, but not during bear market.

maybe he is more concern being short term investors in which seeking for profit ASAP and that brings Him this disappointment , because if he is for long term I don't think this will be ever an issue and would surely thankful in this chances of buying more.
so Maybe I understand His sentiment and his desperation ,

The OP already admits that he isn't an expert, which is why his drawings are kinda messy but even if it's perfectly drawn. What you said there is still going to matter. There will still be a chance that the market will move on its own or will move randomly. Again the OP admit this on his last sentence but still pushes that it's better to use TA's.

Well, I think there is better than TA's and that is no other than FA or fundamental analysis because this is based on real-time events which mostly have happened already. Eth looks weak, that is because we are still in the bear. Even the most known strongest coins like BTC aren't also exempted to it but we shall not worry as this soon shall pass.

Many are expecting to have a good profit in short term without understanding that bear market is preventing that from happening, even the top coins are struggling and with ETH you can see that easily on its price trend. The market is still at a weak side, there’s still no major movement that can pump the price. I still see ETH good for long term investing, patience is very important during bear market.

People who are not entirely sure about the future are just not sure about "when" it will go up. In order for us to go up a lot, we need to spend a lot of money, all the people and the money that was taken out of the crypto market would have to go in and they do not see a reason to go in right now.

I can't really blame them, it doesn't look like the best market ever to be fair, it looks like a weak market at the very best case. This is why they are afraid of putting their money back in, and if they don't do that the price won't be going up neither. I hope at the very least they won't get out, and it is not going to be simple at all to convince everyone to not sell too.

They are blinded for other people or influencers say that bear market is easy way to get money because all coin are so cheap, they don't even realize that all people are still in panic and they need to be careful on their position since they might get drained also for continuous dumping happen and you get panic then dump your bought alts. That's what happening especially for newbies always analyze the movement and be careful on the action we take.

I'm not saying bitcoin is falling today, it's just that there is a possibility that tomorrow there will still be a decline in bitcoin reaching a bottom in price. although I'm not a forecaster seeing the current situation which is still not good for a big recovery, and it's almost over the phase will change starting a new ATH bitcoin

We should have our own TA to confirm this claim and to know what to do next. Base on the price trend alone and its volume, ETH is indeed weak and not doing that much which I think is just the effect of a bear market. TA works and we should maximize it on a bear market because the trend can change easily and we might see some progress already. Having your confidence to draw your TA is a good one, just keep on improving it and you can be better.

at the end of the day, these charts aren't really accurate, so can't entirely make decision based on these charts, moreover even it eth does goes lower than it is right now, it becomes good chance of accumulation. because it's like very obvious eth will regain its past glory back once it has the chance. I see no reason at all to ditch eth as investments just because these charts, I'd still invest in this coin even if the chart shows massive weakness.

the chart cannot be trusted all the time and also our beliefs and speculation are mostly going sideways so better not to look for it completely same time.

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But about OP's disappointment in Ethereum movement? ethereum only looks weak depend on how you seek for it, because comparing to all altcoins? this is the strongest one.

Prices you are looking for might never come. Better buy it right now, at least with portion of capital so you don't miss the opportunity that we have currently.

Ethereum is highly adopted, shanghai upgrade in March, deflationary supply plus its pos now — the more people stake, even more scarce it becomes.

Well.. unless you pick a very terrible project, then you should be fine. In this case we are talking about ETH, which means even if people are in panic and the price doesn't recover right away, and it even goes down, then it could be still fine because we are talking about ETH here which will go up eventually.

So, if they listen to everyone and buy now to hold for a long term, that should be fine, it would only result with them making a great profit when the time comes, maybe in a month, maybe in a year but that profit will come. Too many people are avoiding investment just because they are worried about the price, but in reality it should not be a problem at all.

If you are looking to make profit ASAP, then you are in the wrong market timing. I mean we are in a bear market right now and it's not just ETH but everything looks weak for the near future, which is understandable because the market is bad but the whole world economy is in shambles right now.

However, if we end up with something better in the long future for the world economy, then stocks and crypto will go back up. When that happens ETH prices will soar as well and we will make a good profit out of it as well. I know it's not that easy to make that profit, but it will be quite possible when the time comes, we just need to be patient for it and it will eventually happen.

Ethereum is actually much stronger than Bitcoin right now. It survived that nov dump pretty well. Better than Bitcoin.

Right now I am neutral on both. They had a horrible year and honestly they will most likely trade sideways for the next few months like in early 2019. It’s not a bad thing. Better sideways than trading downwards like this entire year.

I am not entirely sure if it is much better, but I can say at least as strong at the very minimum so I agree that it's a good investment. I am not sure how long that sideway goes, but I agree that it's going to recover and both of them will make us a lot of money.

First they have to go up so that we would all make a lot of profit, when we all make that much profit, some of the excess will go towards some shitcoins that will pump and will be gone in a week or month but first we need to have those big guns go up. Bitcoin and ethereum at a 70-30% range, or even 50-50% on your portfolio for the next 3 years will be a great investment, there is no doubt about that.

Ethereum is doing great and accumulating a nice increasement on the monthly period compared to bitcoin. However, I believe if it wasn't for the last bitcoin rally, ETH wouldn't be performing so well right now. Bitcoin is the driving factor of crypto market. When Bitcoin pumps, it affects many other altcoins positively, including Ethereum. So that might be the reason why ETH is looking bullish right now.

agreed with this, ethereum as much as it has lost many of its value still quite strong compared with the other, current bearish has pretty much eliminated so many coins even the big ones, so I think eth, despite losing majority of its value, still good enough that it still retain most of its value, even now it's slowly recovers, despite the charts that showing grim future, it still good investment for long term regardless unlike other coins of similar utility.

you are calling those who are here to have instant  income while we are trusting the coins we are holding for at least a year or 2?

ETH will survive this market and will always continues to increase its value year after year .
looking at it now? yes Ethereum is truly increasing its value with double digits gains in the last 24 hours .

let OP believe in what he wanted but for me? ethereum is much stronger comparing to other altcoin and still next in line with bitcoin so the more  you trusted ethereum is the more safer you are than shitcoin.

so for me? i still choose ethereum against all altcoins (for long term purposes of course) but in short term? maybe I will chose other of course .

Ethereum is now looking so bullish. Some weeks ago there was chance to down Ethereum to 800$ and I was waiting for it but market turned into bullish and now it's price above 1300$ which is plus point fir this who already took entry. Ethereum Usecase is high and after every dump big whales will accumulate it in big quantity.

It's unexpected to see Ethereum bullish and that's a crypto which is hard to predict,
but for now I think the market is still bearish and maybe will head to bullish,
this is certainly interesting and let's see it later in the future.

this is right, ethereum is among some coins that's gonna get bagholded by the whales even if it lost its value, there are simply too many quality token running in this platform that I doubt it could someday failing, of course there always possibility for that but I think ethereum will be far from that, if there's bullrun, ethereum will show its tremendous potential like btc, so I think it's still good investment even with all these TA that shows ethereum weak.

With a few pumps, I don't consider it bullish but just normal price interactions when the demand increases. But of course, we know the potentiality of this project and we know that ETH is here to accompany Bitcoin which means that once BTC grows it certainly affects ETH as well. Well, whales can possibly make an effect and could somehow change the trend but I don't care about it because they can't fully control ETH. The dump and pump situation that we see today couldn't be enough to think that ETH is now in the hands of the whales but I see this very usual thing to see in the market.

The current pump is fully influenced by Bitcoin and as long as Bitcoin is pumping, altcoins will follow and there’s a high possibility for ETH to follow that as well. The chart might look week but it can be changed easily because ETH is unpredictable and for me, it is still one of the best altcoin to hold today. Bull run will be a good opportunity for ETH again, so better to get some some its cheap remember we are on a cycle and the next cycle is to pump.

Ethereum network is one of the remaining quality and solid networks out there.
So as we have seen, even at its bearish position, many investors were trying to accumulate this project.
And as we have seen right now, as btc goes up, ETH also goes up.
So I don't think the target of 500-700 USD by the OP will still happen for ETH.
It seems that we will be surpassing the 20k mark for btc, and so with ETH, it will go up more than $1500 very soon.

Usually around this period trading volumes are low too because investors, retail traders and pretty much everyone are off their charts and spending time with family and friends but come mid January price usually has that punch to get back on track as people get back into the markets.

Chart markings look good keep it up :) and that bottom where price was expected to go apparently did hold up well and looks like market swept all the sell side liquidity around the $1k region and at the time of writing this markets are looking bullish...

Indeed, with the price of Bitcoin slowly starting to rise it will also affect the price of Ethereum,
when Bitcoin is back up i think the bearish will end but we never know what will happen next,
just follow the development so that it is clearer.

the current market recovery doesn't mean it's a bearish end, sometimes it's just a cycle. let's look back from a few years ago before the market started to be bullish.
every previous bullish there will definitely be a bearish pass and usually it will run for 3 years or 4 years and that happens after the halving.
well, from that speculation we can conclude that the possibility of this market recovery is only temporary and not the end of the bearish. we will still go through a second recession or go through bearish for another 3 years, IMO

Hmm this could be true. People still have a little hangover over their past new year's celebration and some of them haven't returned yet from their vacation. Fast forward, we are now in the middle of January and as you predicted, the price is now doing well once again. It's in fact better than on what we have last time. He said a weak BTC or price isn't good in the market. I think he forget that a weak price do also have its advantage.

Yes, and that is people can invest at a greater amounts. I also think that he is confused as his title said Ethereum but the chart that he drew is said to be for BTC, unless he thinks it will have an impact with ETH.

It's reality that price goes ups and downs and it is indicated that all the users who holds ethereum and bitcoin does not have big loss. If they sell it when the price is low so it is their own fault otherwise I will suggest that never sell your coin at dumping price. Now the market is not in dump instead it seems to be enhance more in coming months.

The price of ethereum and bitcoin is increasing all those who desires to take benefit from cryptocurrency trading and investment should buy these two coins.

Everyone knows that price highly fluctuates because market not always in pump but waiting is necessary. The time you see the price is that time when market was in dump but now you can see that price of bitcoin is elevated and if price of bitcoin increase all others tokens also increase as well.

I do believe the next bullrun leading by eth after eth.2 roadmap complete and the first big steep is near. For speed tx thats eth at the moment rely on layer 2. After sharding complete. Layer 2 goona be obsolete if they dont do anything beyond speed. Dunno about fees. Need to real world test bench. The biggest smart contract will be the fastest once again. And many Americans love eth beside btc.

Ethereum and bitcoin appeared to be weak at the start of the new year, but as January rolled on before the end of January, their prices sharply surged. Since then, the crypto market has had a significant recovery, giving Ethereum and bitcoin a stronger appearance than previously. Ethereum currently costs $1,670 while the price of bitcoin is $23200 plus.

Waiting for the price of Ethereum to drop to $500–$700 before investing is now an impossible price because the price of Ethereum will not fall to that level. If you have the money, you should invest right away rather than waiting for Ethereum to reach your desired price of $500-$700

It was very confusing one on your statement.Because Ethereum is like a queen in the crypto currency.Even after huge crypto currency comes to the market.Ethereum keep their second place.Binance smart chain became a more usable one for the transaction now a days.But till now many projects had their usage in the Ethereum without any partial.People with wide knowledge in crypto currency had their crypto holding till now.Because their will be huge rise in Ethereum at the time of good pump in the price of bitcoin.

this is why i keep telling my friends that if they are not ready for sideways then never invest in crypto because surely they will be disappointed .
how many times that the market fluctuate and brings us losses? but eventually in the end of each year or best in every halving? we are gaining more and more .
ETH is one of the most trusted cryptocurrency so if you can avail keeping it long term then you'll surely find what you are waiting for.

Trusted CryptoCurrency is an OXYMORON.
If I cannot independently verify it, it's a scam!

so can you verify Ethereum then?  ;D

going back to the topic ,  I am supporting Ethereum because  had been using this for couple of years now , iN my gambling activities and some online Payments but of course it is Bitcoin that I still trust the most and will  support for another many years.

Well I guess the original TA didn't age well, but I do find an argument for Ethereum looking weak. While it's USD value will likely continue higher alongside Bitcoin (if they are both to rise), I do see ETH/BTC returning to the 2022 lows around 0.05 BTC. Although the consolidation near the highs for almost two years has looked good, the momentum appears to be fading, and there has been lower highs since 2021.

https://s3.tradingview.com/snapshots/0/0SWV9f2L.png

To clarify, I'm not suggesting that Ethereum will go to $500/600 like some bears, it does appear more likely to go back above $2K, but at the same time fail to keep up with Bitcoin. Very much similar to 2019 when Ethereum had bottomed out at around $100, even rising to $300, while at that same time it broke the lows again against Bitcoin and dropped 35%. As while ETH went up 200%, Bitcoin had increased by 350%.

I also don't see a 25% drop in Ethereum's BTC price to be all that drastic. We saw the same in 2022 before a rebound to highs. It would also be reaching it's 200 Week MA for support which would be healthy. Also as nobody is really talking about altcoins losing value to Bitcoin yet, again very similar to 2019, when everyone begun speculating on alts again but 99% failed to keep up with the no.1 as it rallied back to $14K.

I agree, $500 for ETH looks too unrealistic, ETH's historical chart is always bullish, just like bitcoin, so each new bottom is higher in price than the previous bottom. Waiting for ETH at $500 is equivalent to waiting for bitcoin at $3,000. You can wait for the whole trend and not make any profit, but you should consider more realistic prices. If it turns out that the bearish trend is gone, the price of $1,100 for 1 ETH will be out of reach, not to mention the lower values.

eth is in the top 2 of cryptocurrencies, so it hard to see this will go down to 500-700 level again. but the possibility is always there, however, as of the moment, you need to be realistic with your targets. and it is saying that if you will wait such level, it means, you are not interested in investing in this top 2 alt.
it may be weak for some, but just think of other new alts and you will tell yourself that eth is a very strong project to invest with as compared to these meme tokens and other pump and dump projects.

The value of ETH isn't that huge and I think ETH already drop massively during the peak of the bear run last year. I am not only sure though if that price you guys are talking about were hit already or not but there are still people who bought a lot of ETH during those times.

There is no need to be greedy and wait for a lower price because sometimes it will only lead to regrets and like you said Ethereum isn't just a nobody but it is like Bitcoin too but only in the altcoin category. There is still next time anyway if not last or this time. Once this bull run has passed, there will be another bear season again and who knows the 500 to 600 dollar assumption of some people are now going to be achieved for real.

That decline in price must be taken as an opportunity to invest, this price ks still good enough to invest. Bitcoin was down to 16k$ before rebounding to current value of 23k$. Ethereum and all other alt prices are linked with bitcoin price moment. There were predictions that Ethereum will jump to new heights after switching to PoS from PoW but that never happened. Just wait for next bitcoin bull run and every alt will run with it.

The move was a great opportunity (it even went to near $850) and still people were thinking it'd fall more and waiting for another good price to buy it. Later on, the markets stabilized and the start of the year wasn't good enough but the charts developed very well with the time and all major coins went up around 50% and other alts went up even 10-20 times. I believe that current prices are also a very good opportunity to be dealt with and even buy some great projects' tokens in order to make great profits.

ethereum is altcoin no 1 for now.
and I'm a beginner in crypto so I can't understand more about charts, and I also can't predict.
but in my opinion we should not think too much about it. because in reality the market is difficult to predict. and what is clear is that ethereum and bitcoin are good future assets.

and if we invest for the long term in ethereum and bitcoin it will definitely have good potential for the future.

to wait until the price is $ 500-$ 700 I think it's still difficult considering we know there is strong support in the $ 1000 area, unless bitcoin crashes back below $ 16k, most likely other altcoins will follow including ethereum which is closest to bitcoin, of course the movement will follow bitcoins. therefore I think it's the same as bitcoin, we start buying it now with the aim of long-term investment is not a problem

No and your stubborn ignorance is SO COMMON amongst Ethereans that it doesn't surprise me one bit you think that the ability to VERIFY TRANSACTIONS INDEPENDENTLY is not a highly necessary quality of usable crypto-currency. Ethereum will be dumped into the trash where it belongs.

If he did follow you advice then maybe he is in good position now because there are  good action in Ethereum these past few weeks.

but since he is not believing in ETH anymore then maybe he changed his way of investing and chooses different currency to invest.

You have a fairly positive view of ETH in this market and this is always necessary in the investment process. However I want to share this, skills in the market are never superfluous even technical analysis to predict trends gives us visualizations of possible cases. And this market is still so small that its volatility makes it difficult for many people to adapt, as their assets can evaporate in a short time. And in the case of ETH over the years, I think investing with it is gradually like BTC, when it's just a matter of people's patience when participating.

yes, in my opinion Ethereum will remain the best and most popular blockchain, because until whenever Ethereum will remain top 2 on coinmarketcap, so the price will continue to increase, so if the next bull run occurs, then of course the price of Ethereum will definitely make a new ATH price .

Many newcomers to this market may not be familiar with it, or they are led by information from competitors to Ethereum. However we are all seeing what's going on in the market, the volatility in price I can understand it makes people doubt or believe in the market, with ETH after many years I see it only. maintaining its position as the most powerful altcoin in the market, so even if the price fluctuates, the recovery and growth of this market, its price momentum is still very good. In general, I personally think ETH will maintain its existing position in the future, especially with the positive changes in the past time, I think that there is no need to pay attention to the bad news related and simply it will also be profitable for us if patience is maintained.

better to join this account as both of you seems not trusting Ethereum https://bitcointalk.org/index.php?topic=5414671.0 , why need to crease some post like this? if you think Ethereum is weak then leave from that coin.
there are so many currencies to trust why need to say these words against ethereum when there are so many people who trusted this?

But why?, Is creating post like this wrong? I guess not but these peeps are only giving their own opinion on some cryptos. There's even posts here who are much worser than them like shilling and scams. If you think that these posts are like a FUD, well you must not be affected with it because you don't look like a newbie on here.

FUDs are also normal on crypto but as long as we have a faith and some knowledge on the coin that we hold, we will only ignore them. If you will read his post again. He mentioned that he will buy ETH. I think you only misunderstood what he was saying there because he was also a supporter of this coin.

nope never that I did say it is wrong or something not right because there are no such rules here like that but what i wanna say is that if he thinks Ethereum isn't the right coin to trust in then better not to and find other coins or leave the crypto , because this is risky and things like this will happen each time but that does not stand about ethereum will lose supporters.
yups. FUD are needed because this add flavor to the market and shows how strong your support is or how weak you are depending on how you respond to that situation .

But ethereum is still one of the most promising and trusted currency in the world of crypto as we have seen so much from this while I believe in the past ? this is called to be shitcoin and have no future and potential , but look at it now? valuing next to the most expensive coin and still showing growth after growth every bull season.
so maybe you are just having different look at the situation but eventually you will cover from that.

There is no doubt Ethereum is absorbing funding but it has detatched itself from not only Bitcoin fundamentals (it did this before it launched) but it detached itself from the respect of the end user which really is a tragedy in the Cryptocurrency market.
They have insiders who work in big centralized banking, the industry Bitcoin is a hedge against: https://media.consensys.net/j-p-morgan-is-using-ethereum-to-launch-a-digital-u-s-dollar-heres-what-it-means-for-blockchain-64f0fe3e55bc

It also makes large centralized VC firms like AZ16 able to do horrific authoritative things like: https://twitter.com/ChrisBlec/status/1622201701921964035?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1622201701921964035%7Ctwgr%5E7f0b03b159b4068a9577137b3bbe3e6952db2471%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.coindesk.com%2Ftech%2F2023%2F02%2F08%2Fcontentious-uniswap-vote-highlights-the-opaqueness-of-decentralized-governance%2F

Not to mention the "Eth Foundation" (aka the centralized parties who dictate the monetary policy, the consensus algorithm, rpc endpoint censorship enforcement, etc....) has dumped on their holders EVERY TIME:
https://www.youtube.com/shorts/fvbJHyJ6B9E
https://www.youtube.com/watch?v=1MKa_EOWtU4

So please do some research before asserting that everyone must validate your idea. I used to like ETH when it was proof of work, but clearly they never intended it to be decentralized.

I don't think, Bitcoin is getting weak in this year 2023 compared last year that made the price to decreased to $17,324 to help both long term investors and short term investors to invested their money on Bitcoin. If you have the money to invest, I will advise you to invest in Ethereum because the price is still low where you can use money to purchase a huge amount of Ethereum and hold till next year before you can sell, because the price of Ethereum will definitely hit $2000 next year. Since the price of Bitcoin has hit $28,000 this year, I believe the price of Ethereum will hit higher too to allow those that purchased Ethereum last two years when the price was $450 or $500 to achieve something good soon.

valuing 18 hundred dollars as I am typing? of course Ethereum can easily hit back to 2k in the coming weeks or at least this year , but the problem is that there is no assurance at all that ETH can completely stand this strong in the coming years , there are lot of happenings and news about ETH and looking at the shared links above me? i think i will start leaving this coin and find a way to increase my bitcoin or other altcoins that may bring me good profit soon.

500-700 is unfair price for Ethereum to drop considering that there are no big bad events happening in theirs and also seeing how good performing the coins this past months.
but things may happen depend on how the support comes so yes I am not trusting this high now , instead i keep my altcoins bigger than ETH(Sorry for the supporters)
and also i am aiming to earn from GEMs in which  i can risk enough amount to look for profit.

During the Shanghai update a bunch of people who weren't aware they could not withdraw stake before staking will have the option to sell their conviction into the market. Many of them will logically choose to do so because they have realized the centralized authority based nature of Ethereum development. Others will believe that they should be controlled by a centralized authority and might hold their stake. Such are the woes of proof of stake, if you have any concerns you are free to voice them to Vitalik on twitter and immediately be blocked by doing so.

It's great to see you taking an interest in analyzing the cryptocurrency market, but it's important to remember that charting and technical analysis can only give us a limited view of the market. There are many factors that can affect the price of cryptocurrencies, and it's important to consider them all. It's also worth noting that cryptocurrency prices can be volatile and unpredictable, so it's important to do your own research.

Fundamental was the most important factor in this case. People were just calling everything strong and weak based on their analysys which is not true at all. The most important thing to determine the market itself. looking for the chart of ethereum will not give us a little insight about what's happeing in the future. I personally taking the fundamental is far important than TA

I am one of those who does not know , thanks for sharing but it is late for me to do so.
well that is peoples different attitude towards their funds and yes it will be better to act in good faith so you won't blame anyone .

that is not a good rewards for those people who trusted them and now asking for some good concerns to be blocked right away? now I am starting to be afraid in ethereum .

I used to mine Ethereum, ever since the merge it has become completely captured by centralized parties who wish to use censorship enforcement to disadvantage non-insiders.

I think that is basically the connection between the two as well. It's obvious that some people are not entirely sure about the connection, and yes there are some weak coins that may drop during even the bull run, or we do not know which one goes up how much, some goes up 10% while others 50%, those are all surprising, and rankings change and all that.

But when it comes to bitcoin and ethereum, it's obvious that they are looking quite strong together and those two top spots and will continue to do so. I would say they would have a similar increases and decreases, maybe just a bit different but not that much and they will continue to be great together in the coming year or so as well.

but in my opinion Ethereum looks strong, because Ethereum is the best and popular altcoin to be used as a short, medium and long term investment, because the price of Ethereum will definitely continue to make a new ATH price every bull run occurs, so that's why Ethereum is very strong and many people are interested to investing in Ethereum.

with the presence of the L2 just make ethereum seems more relevant, now ethereum could be used across many blockchain and used for gas meaning that ethereum becoming more useful than ever.
I'd say as long as L2 are using ethereum, it will just help it increase its value in the long run, so I'd say ethereum is getting stronger.

Ethereum is one of the best coins we have and this is going to continue to be true for a very long time, years ago there were many coins that tried to take the place of ethereum arguing they were better, safer and faster and yet ethereum has been able to keep itself as the second most important coin in the market and the leader among the altcoins, then it seems obvious to me that this is something that will continue for the foreseeable future and anyone interested in investing on it can do so with confidence they will get good results.

I wonder which one of you will be able to cash out your stake first, you know, before the forced main-net hardfork that will initiate the upcoming mega dump?

there is a good explanation about ethereum by one of the posters above and she seems to be knowledgeable about Ethereum and what is the future of this coin so best to try checking as now I also seems to understand more.
this is what I wanna understand more since there are so much to learn and I must admit that you seems to know what you are telling us here.

I am truthfully having a hard time understanding how ETH investors do not understand about the hard forks on the chain they are investing in? Im not trying to give a super hard time here, I want to be sympathetic. But to me it looks like a majority of ETH investors do not care about the technical details about what they are buying which makes me extremely confused. There are a lot of things that the ETH community is throwing away that came directly from BTC community while at the same time, they don't understand what is happening at the technical fundamentals of their own investment?

I am trying to get across the sense that I have much sympathy for ETH investors as I used to be one but presently cannot wrap my mind around how anyone has any hope for the platform at all.

Shingai upgrade is going to launch soon and 15% of all staked Ethereum will be unlocked. This volume is not big as compared to all staked Ethereum because only 15%percent will be unlocked. according to survey 25% users are looking to sell immediately after Eth unstacked while rest are still in profit and there is high chances of holding.  This upgrade will obviously affect the price of Eth but at the same time big fan of Eth will be looking to buy at low rate and we may not see big fall in price. Red candle will not be remained for long term, and it will rise again shortly.

There are two scenarios at this time. first one mentioned above that most users will sell unstacked Ethereum which will affect Eth price badly. according to this scenario OP is right in saying that Ethereum is looking for week this time. second scenario is that more people will buy Ethereum to stake which will increase number of staked Ethereum from previous one. in this case Ethereum will become stronger and there is possible big green candle.

I think it is possible people continue to buy eth despite the circumstances (your metrics are wrong btw there is much more than 15% of the supply locked up ) but even if they do they would not be able to defend their money from government censorship or censorship by other affiliated entities which defeats the whole point of cryptocurrencies at large.

I do believe that there might be some slight correction or selling out of those users who had been able to get hold of their coins after a long time. This current shanghai event would definitely give out the chance
that they could really be able to sell their coins which im anticipating that it would be giving out some slight dip and the rest further would be having that pump but not really something that we could be able to know.

Ive been holding ETH too in my bag which are intended to be hold for long term alongside with my BTC holdings. We cant really deny that sitting #2 in overall market
rankings doesnt mean nothing. It does have that potential which we could be seeing to be more high in value on upcoming cycles to come.

I do believe that there might be some slight correction or selling out of those users who had been able to get hold of their coins after a long time. [/quote]

Scenario two worked and number of buying volume was more than sell pressure. Most of the analyst was thinking about dip but Ethereum become more stronger and finally hits 2000$. This is much positive for Ethereum along with all major altcoins because we have seen 5-10 percent rise in all major coins (Matic, Arb, OP, APT, Avax)


Its good decision to hold for long term. These two are safest coins and can survive in any market situation. We may see many bull and bear market but you should not be worry about price because ar the end only strong holder will win. i am student and not able to hold yet because of family situation.

According to your chart and charts you can say that bitcoin is still not too weak.