ETH hits $160, after a +11% gainer in the last 24 hours

[leatutz]

Ethereum is on a roll today with a +11% gainer in the last 24 hours hitting $160.

This is the strongest run ever since the massive correction we saw last few weeks as global pandemic and oil price war pushes down all crypto prices.


Is this sustainable or a trap?

This can't be a trap, price didn't pump yet. To make a trap bullrun must be need. This is very sustainable development of price, by the checking history of last all year Halving time. Lucky day Ethereum price also make 9 percent bullrun today. Even after this month this surge definitely would be a sustainable up.

[shoreno]

- snip -

This can't be a trap, price didn't pump yet. To make a trap bullrun must be need. This is very sustainable development of price, by the checking history of last all year Halving time. Lucky day Ethereum price also make 9 percent bullrun today. Even after this month this surge definitely would be a sustainable up.

you got a point there because when people didnt see a bull run people will not be tempted to hop in but if the coin already reach a bull run why call it a trap  ? for me a trap means the value is rising contious but not too much because too much increase of the price is already a bull run anymore  .  anyway the increase in eth happening lately is superb  and i think its been along time ever since i saw eth increase that way   . for a coin like eth , i dont think this will lead to trap since eth is a kinda bit stable

[Farma]

Currently ETH has broken $ 200, which is a great signal. From the beginning of April until now, the market has strongly recovered, certainly the reason is halving is coming and people are paying attention to this market. And I believe that in the days to come ETH and the whole market will continue to go up, the next target will be $ 250 or $ 300.

at this time the ethereum is better. the price exceeds the price of $ 220 and is likely to rise again. although currently, the increase is quite slow compared to bitcoin, it's just that I feel that this increase is extraordinary. when the price of bitcoin reaches the price of $ 10k, the possibility of ethereum can reach a price of $ 250, or even higher. that's still my speculation, but I expect a higher price than that.

[leea-1334]

Strange crypto market stats in past 24 hours,,, yesterday I saw XRP 12% gain, then ETH moved to 10%, and now BTC of all coins did 18% when it made daily high today,,, time for crazy moves or is this the end of the road for this spike?

[darewaller]

212 dollars is not really enough, it should be a lot more by now because it is really undervalued. Think about the market for a second, everything recovers and ethereum recovers at their pace as well and nothing more. Ethereum is not like the others, it has utilization thanks to dapps so it is used constantly, it is getting that big increase from the 2.0 and its testnet already started as well and looking good, and on top of that we have bitcoin halving in 12 days as well, also it is the second ranked coin right now.

All of that combined means ethereum should have been a lot higher right now, even if not ATH prices it should have been over 300 easily, maybe close to 400. I have been purchasing more ethereum recently and I am going to probably purchase even more now.