ETH also breakout the resistance zone and now trading near $2330

[Chato1977]

For now, the ETH has a very tight price range towards the bearish trend, the ETH bulls may not come into action because they are with the uncertainty of BTC, at the moment it has dropped a lot in price, some believe that it may reach the 1700usd:

Contrary to this assumption, if the price rebounds off the $1,728.74 support, the bulls will make one more attempt to clear the moving averages. If they succeed, the pair could rally to the downtrend line.

Source: https://cointelegraph.com/news/price-analysis-7-16-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Many are panicking and it is not the idea, what can be done to protect yourself is not to sell and try to resist this time of bearish trend that is in the short term.

and i think that is the maintaining price of ETH this whole 3rd quarter , runs from 17 hundred to 2 thousand dolalrs.

Maybe 4th quarter will make all difference as the main season will be the deciding fact for all investors if they will continue waiting or sell for a while.

[Naficopa]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

And unfortunately the situation has changed. Now ETH is slowly getting closer to support but the other way. If it breaks the resistance below $1800, I am afraid we will go to $1500 or even much lower, which in my opinion will already confirm that a bear market has started.

[Boomber]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

And unfortunately the situation has changed. Now ETH is slowly getting closer to support but the other way. If it breaks the resistance below $1800, I am afraid we will go to $1500 or even much lower, which in my opinion will already confirm that a bear market has started.

yes you are right, currently the market is experiencing a bear market, so the possibility for the price of Ethereum to go down is still possible, especially if you look at what is happening today (market prices are starting to fall again), so that makes me believe if the price of Ethereum can go down to $1500 or even below (if the market still continue to bear market).

[jaberwock]

yes right .. i also see it like that. this is a development shown by eth. if eth is able to solve the problem of high transaction fees, it is very likely that eth will regain the trust of crypto users  today's

It's not that Gwei's transactions on the ETH network are quite cheap at the moment, try visiting the Gwei website or this https://etherscan.io/gastracker site, I think Gwei's transactions are now quite cheap compared to two months ago.

It is cheaper compared to 2 months ago but the price is lower as well, which means there isn't enough volume and interest towards ethereum that causes it to go up. It means that we are talking about something that is a mute point, will we have a high price again? Will we have ethereum at 5k and interest skyrocketing and the gas fee at these levels? No we do not, we are going to not see the gas fee at these levels when the price goes up and there is a hype, so we need to end up doing this a lot better and we should be focusing on doing exactly that.

I want to see gas fee under 1 dollar even when the price is at 5k and the transaction amount at 10x of the current situation, that is when it will make sense. Otherwise it is not going to end and it is not going to mean anything, this is feeling more like a "fake" drop currently that is very temporary.

[Clavulanic]

and i think that is the maintaining price of ETH this whole 3rd quarter , runs from 17 hundred to 2 thousand dolalrs.

Maybe 4th quarter will make all difference as the main season will be the deciding fact for all investors if they will continue waiting or sell for a while.

Let's see what will happen in the fourth quarter of this year because I'm a little sure that some investors have already let go of their assets before the correction arrives and some are waiting for the market recovery in the near future, so the correction condition looks like it will last a long time.

It's not boring to wait, many times will make us feel thrilled because of fluctuations happening. Corrections is part of volatile market, long term investment is worthy for our aim for financial success so don't give up until goals will be reach. Prepare for the huge spikes again, because many traders will grab this chances that they'll get profit according to waves of trend.

[Bitcoinjheta]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.

[romero121]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.

Right now the bearish move is happening with the market, but we can't make a perfect statement. In the recent months the market is highly manipulated, and the same can be done by the whales anytime. If there is no involvement of Whales, then what we experience now looks like the gradual decrease of the market. I find the gradual fall to continue till the month of December.

[LUCKMCFLY]

For ETH the bearish sentiment still prevails, but the bulls are still waiting to see to what extent BTC can continue to fall, if BTC rises it is likely that ETH will rise more than BTC, but it is a matter of waiting and not panicking:

Alternatively, if the price rebounds off $1,728.74, the bulls will try to push the price above the 20-day EMA. A breakout and close above the 50-day simple moving average ($2,245) will signal a possible change in trend.

Source: https://cointelegraph.com/news/price-analysis-7-19-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

The normal thing is what is happening, the market is still in a lot of uncertainty, for now it is better to wait to see how the BTC market continues to develop.

[tygeade]

You can't judge a coin by the situation it is in during the bear market, ethereum went as low as 80 dollars during the last bear run and people thought it would be gone, and by the way even during when it was 80 dollars it was the second biggest coin by market cap, so it wasn't like some unknown coin or something neither it was still something very good. However at the end of the day people still believed it would be gone for some reason, what happened?

The price kept going up and up and eventually hit that 4k+ mark, that is the power of ethereum. From 88 dollars after the 2018 crash to 4.2k max price it went up 47x higher, think about it x47!! So inside of just 3 years or so, you could have increased your money 47 times bigger, all you had to do was buy ethereum at bottom and sell at top. But many saw 88 and imagined it was done, that is what you should avoid now that it is going down again.

[Chato1977]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.

Well it is up and down like what Bitcoin does now.

We may not be seeing another good movement in the following Months but may see what will happen in the End of the year when usually Pumping happen Or the worst more dumping.

[lepbagong]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.

in a volatile market situation it will still be difficult to move higher, need external encouragement with good news coming to influence many investors to be able to trade again hoping that the increase will come in time.
the forecast for an increase will always be there and is likely to occur in Q3 and continue to peak at the end of this year. be patient with all of it.