Bitcoin Forum

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

The price of ether is $2620 right now. Just $380 close to $3000. But the way market is right now, it would be difficult for ether to get to $3000. But I guess that you are holding it,m. It is better you do not sell but keep holding it because the bull market is not yet over. Even if ether do not get to $3000 in August, it will still later get to $3000 as bitcoin price will increase, ether is likely to follow.

This is very possible as long as we can have bitcoin cross the band of $65,000 in this month, ethereum can also perform the same and do wonderfully as expected, But if the market remains as it is for now, it may be difficult for us to see it go beyond the range it is currently, though there will always be more opportunity for the market in general to rise as well as it can also fall, we can by this expect more coming anytime from now if the market remains favorable for its rising.

It’s just 400$ away from 3000$ target price while this price was hit in multiple occasion last month. Now that Bitcoin is showing recovery by dumping below 50K few days ago so I’m sure that Ethereum can regain the 3000$ price quickly once the crypto price back to normal trading level.

We are talking about Ethereum here and not some random crypto which investors that wants to diversify will surely purchased some of this token for their portfolio. I just not sure if it can be achieved this month but all I can say is this target price is manageable with just one rally of Bitcoin.

That is only a 15% increase, so it is not impossible for such a price to be reached during the next weeks, however the market and the economy in general is not doing so well right now, thanks to all the instability that we are facing all around the world, so it would be better for you to become more conservative when it comes to your expectations regarding the price of ethereum, as even if on paper this seems like a reachable price, at the same time I think it could take us a few months for that price to be reached.

Lolz! You are praying for Ethereum to hit $3,000,000. Though I don't know when you started the investment but I don't think you will make profit from the investment. Because the transaction fee is very high that even you invest with $200,000 you can't make any good profit because the movement is very slow and add it to the congestion of the network. So if I were you, I would have invested in bitcoin or if it is altcoin, then BNB.
Ethereum will definitely hit the $3k but will your make any gain? That is the question others also asked.

several times the news of war has had a major impact on the altcoin market until the price has dropped drastically. this is an opportunity for whales to save long term. as is often awaited, November is the target for the green altcoin market. ethereum to the dip price, of course this is the target for long term storage and waiting for them to the month

This was the biggest dumping at the beginning of August, when the price of Bitcoin went from 70k to 49k dollars immediately all Altcoins started dumping several times including Ethereum. Now the price of ethereum coin is at 2620 dollars but bitcoin price has recovered so the price of ethereum coin will recover it is sure so it is not 3000 it can be up to 3400-3600 dollars.

It can as long as BTC also recovered back to the level of $70k, but the thing is with ETH it has been quite disappointing investment so far there were so many outflows from the ETF only now that it stabilizes.

https://imgvb.com/images/2024/08/11/030d0c244d3cf05403429e9b0c548882.png

to be fair right now 11th august ETH price already at around $2600 and it could easily climb back up to $3000 anytime soon, so expecting it to go again in $3000 in august does seem to be realistic and since I've personally got my investment trapped at around $3000 i'm really hoping that to be the case  :D so that I can move my investment over to SOL.

No one can accurately predict whether the price of Ethereum will increase or decrease this August, everyone can only guess. Currently the price of Ethereum is $2675. For Ethereum to reach $3000, only $325 would be needed, which is not impossible. In fact, when the price of Bitcoin starts to rise, the price of other altcoins, including Ethereum, starts to rise. Bitcoin price went down to $49k a few days ago but the market recovered to $61k. If Bitcoin price crosses $65k this month we can expect Ethereum price to cross $3000. However, don't lose hope the bull run hasn't started yet, expect the price of Ethereum to go up a lot during the bull run.

I don't see ethereum making that much move to $3k because most times their increase ultimately depends on bitcoin so the should be if bitcoin hits back 70k then there is every possibility to hit back 3k plus this month, and before the year runs out might see in another price level since it gained $4k plus when bitcoin created new ATH.
Of course the market is unpredictable and anything is likely to happen after in the market, and all most us does is to be optimistic about the price when it comes to how we predicted we seems to be very happy.

The support level at $2,927 has been a strong long-term support level which means that staying below it means we will retest the $2,118 level.
https://talkimg.com/images/2024/08/11/5DSvg.png
The best we will get at the moment is $3,400 but I think we will stay below $3,000 for a long time.

It is still very possible for Ethereum to return to $3000 but if the market returns to stagnation then the Ethereum price will not move this is usual depending on the increase in the price of bitcoin then Ethereum will follow, this is what I observed over the previous few months.

Make sure you already have Ethereum in your portfolio, placing an order at the current price is much better because it is possible that Ethereum could return above $4000 when it is bullish then this is just an opportunity they want to have Ethereum at a low price.

https://bitcoinmonthlyreturn.com/uploadedFiles/monthly-return/coins/table-image/btc-apr-2024-bitcoinmonthlyreturn.com.png
It's not impossible, but it seems unrealistic to feel bullish on ether. Bitcoin's monthly return was often negative in August. I expect ethereum can go back to the 3k sub or even higher after this month. Bitcoin is not looking good after it goes back to the 61k.
Also, we're losing our bigboy (Jump Trading) who sold 500 million worth of ethereum to the market. BTC dom is not showing if there may be a retracement to happen in altcoin too. Moreover, many bad news are always coming, such as recession, war, and many more.


It's probably staying around the 2000-2500 range.

i think a little chance to ethereum will be hit 3000$ in august, because it's current price is too low still, up and down in 2500$-2600$,
so i do not think it can be recover in shortly, and it's depend on bitcoin price, if you following bitcoin definitely whole of crypto market is depend on btc price,
when btc was hit 70k$ then eth was 3500$+, now btc is dumped at 59k$ so that crypto is still very low, if btc will fly then crypto will recover.

Ethereum is one significant crypto coin in the market that is following bitcoin bumper to bumper in terms of price movement of bitcoin taking a rise when bitcoin rises and likewise when bitcoin falls in price. It's performance has been contingent on bitcoin so whatever would make ether go up $3000 this August would mean that bitcoin has to do close to $70k because right now ether is $2667 which means it's possible but we can say for certain. Ether been a good coin to hodl among all alts I don't see reasons why anyone should be bothered about price going $3000 this August or not because with the bull run taking a center stage again I am forecasting it to go $5-6k+.

Nobody knows for certain otherwise we'd all be rich.  But it won't take that much for it to get back to $3,000 at this point. One nice solid bitcoin run and it will push everything up higher.  And as to the top of what it can be, again no one knows.  For as many people predict the right direction the same amount of people will tell you the other way as well.  Welcome to the world of crypto markets.

I don't know exactly if Ethereum will achieve $3000 in August, but if we make a simple historical comparison, we find that:
In 2021
Bitcoin 60,000 , Ethereum 5000
In 2024
Bitcoin 60,000 , Ethereum 2700

Comparing the two dates, we find the difference clear and Ethereum is much less than its real value, almost half, so personally I expect a strong push for Ethereum, but it is not possible to determine exactly when.

I see almost no reason for eth to ever go back to 4000

I don't know what makes you think that but unlike you, I expect Ethereum to go much higher and possibly exceed $5000 with Bitcoin peaking at 100K$.

Some Ethereum optimists believe it could go 10K$ with Bitcoin peaking at 100-120K$.

Compared to Bitcoin price dumping, Ethereum has definitely been the biggest dumping.  I invested $3500 in ethereum but the price is so dumping I couldn't even guess and I have lost $1000 per ethereum invested and most likely this year I have no guarantee that my ethereum price will correct.
My Ethereum bought price $3500 per Ethereum
Now Ethereum buy/sell price $2654 per Ethereum according to Binance Spot trading.
My loss portfolio per Ethereum $850 just panic...

As the entire cryptocurrency market is dumping, Ethereum has been dumping a bit more in comparison. When it got dumped from $3300 to $2100 I was feeling very volatile because my investment was Ethereum and my investment was dumping so much that I was feeling so volatile that I couldn't accept myself very easily. But the market is slowly starting to move higher and I think the market will go higher from here. However, it is estimated that the price of Ethereum will exceed $3000 by August. But for those who are investors I would say hold on and hope the market will grow and we will be able to earn profits from Ethereum investment.

Yes, the price of ethereum fell relatively much. According to the price of Ku Coin, the price of Ethereum fell to $2062 a few days ago, but the market is once again moving towards recovery. However, since you bought Ethereum at $3500, the price of Ethereum rose above $2700 today. So don't panic, hold patiently and hope you can profit in the upcoming bull run. We don't know when the bull run will happen. Hopefully the bull run will start soon, the price of bitcoin will go up a lot in the bull run and the price of ethereum will go up as well. So buy more Ethereum if you can afford it.

I also with HelliumZ well and to stick to the plan he's got. Panic won't help, however, we may see ETH climbing back up in the upcoming months, so the question is really only how much we will profit, rather than will we ;D

I mean it did crash nearly to 2k, and it's already above 2.6 right now, so it is not really unlikely for it to reach 3k, that sounds like it is something that could very well happen.

Many people think that we are going to end up with something much more marginal and I feel like we are going to end up with something that will take a while and I know that it is not going to be all that easy, it is going to take a while and I know that it is going to be harder to handle all of it, but that doesn't mean that we are going to finally have it, it is going to take a while and we are going to face some issues about it. I personally believe that the best case would be just making sure that we know what we are doing and doing fine about it. Just hold, it's that simple.

Hold and accumulate it while the price is gud, in my opinion ;D

I do not understand why the market has started so much up and down? A while back I saw Ethereum hovering at $2780 in just one to two hours now I see Ethereum reaching $2630. Nothing can be predicted by looking at such market position. But if the Bitcoin market grows, I think Ethereum will grow. However, Ethereum is more likely to settle at $3000 by this August as the market is already hovering around $3000. Also as an ethereum investor I always wish for the price of ethereum to rise. Don't sell your investment out of desperation, I advise those of you who have invested to hold on.

Etherum price will get to $3k only if bitcoin price reaches $65k and above because Etherum cannot pump on its own but with the help of bitcoin price pumping since altcoins depends on bitcoin price movement for their pump amd dump. There is no need for panic because we are expecting bitcoin price to pump but no one knows if the pump above 65k would be achieved in this August.

In terms of price charts, the movement in the price of bitcoin and ethereum is almost the same, and as we understand the altcoin movement depends on the mother of the entire crypto market, namely bitcoin, so we need to demand bitcoin first so that it increases after that altcoin will follow it and usually ETH is the second place to increase after bitcoin.

This price side in my opinion will be quite difficult to stabilize at the price of $3000 if bitcoin is not at a price level of more than $65k.

Well as it now price of 1 Eth token is 2600. And we did not see this price of 3000 for it since last time which was in early August.
I do not know if we are going to see lower price for it. I am still 'bullish' and do have some Eth tokens in my portfolio.
But for right now we must go past 2750 resistance. https://www.newsbtc.com/analysis/eth/ethereum-price-struggles-2750/

Great words! There is also a sign of more liquidations by the volume going on ETH recently, I think that's also a sign that big hands are interested in grabbing more positions, thus ensuring that, in some time, we will see growth up through the ATH or along the lines of it.

What if Ethereum does not hit the said market price of $3,000 this month, i want to believe to an extent that there are many reasons why we are seeing the performance of some of the cryptocurrencies being tied to the general market in overall and this have to start from the dictates we see from bitcoin market price, if it rises then there is high probability that other coins may rise along with it, that is the logic behind the whole thing.