Ethereum [ETH], can it bounce back up? –

[Fhejhaey]

The market for almost all the major coins looks reddish. One relief factor that the market has to offer is that the prices of the coins have not dropped further down and hit the bottom but has rather been able to stay above the support zone. The cryptocurrency by the name Verge [XVG] has stood apart from all the other cryptocurrencies by gaining a 12.83% in the last 24 hours. Another cryptocurrency by the name Ontology [ONT] also seems to be having a bullish trend with a 19.82% gain in the last 24 hours. VeChain [VEN] and TRON [TRX] also look green as they have refused to give in.

Our Sentiment Analysis segment contains sentiments from around the world which were gathered after interviewing a group of investors, miners, journalists, skeptics, and influencers, and are combined together in this segment. The opinions that we select are filtered by discussing it with our team to ensure that only plausible comments reach our readers. This analysis will be on the second most popular cryptocurrency in the world which is Ethereum [ETH].

Ethereum [ETH]

Ethereum had a dip in its price yesterday like most of the cryptocurrencies, where it was trading at $429.25 and it fell to $391 swing low. At 12:04 PM UTC, Ethereum was trading at $396.71 with a market capital of $39.167 billion. The coin appears to be struggling to get back above $400 which is crucial for the coin at the present time. ETH/USD is holding the $385 level and the 100 hourly simple moving average. The coin seems to be oscillating between two major points which are $390 and $400.

Ben White, an Ethereum investor from Adelaide says:
Quote
The time is not right to sell Ethereum right now but it is experiencing a selling pressure and a huge sell wall has been formed on the exchange platform Bitfinex. ETH charts show that it could possibly go up to $481.34 and once it reaches that point, a bullish trend is expected.

Chris Lewis, an altcoin miner from Seattle says:
Quote
You may buy the coin right now and sell it right at $600 as a breakout can happen. There is a major resistance at $877.37. The coin is currently trading below the point of convergence of the trend lines. But Ethereum could possibly be a winner.

Sam Hall, a Financial Advisor from Liverpool says:
Quote
I cannot be sure if the charts show a falling knife or a bounce or a just consolidation! If it is just a consolidation then how much longer should we expect? There has been another bat pattern which was formed which could take it to $476 mark.

To conclude, 57% of Ethereum respondents are bullish and they expect a great deal from Ethereum in the near future. Most of them are ready to HODL till then. However, 43% of Ethereum respondents feel bearish because of its inability to break out from this long-term bearish trend.

[Nginende]

In general, the etherium can roll back like everything else, but I think so far it keeps well and still grows.

[valek.bruno]

From my point of view, the ETH project is very much developing and now is not a very easy time for the project as for the entire crypto-currency world, I think that Vitalik Buterina's team will do a lot to help the price of ETH become higher. So we just need to believe in the project.

[sparg]

Ethereum demonstrated us that it can reach a value of 1000 $ on the bull run so I don't think that this value is far away from it.
We should consider that Ethereum is (at current price) 10x in comparison with its value from this time last year.
Now Etherum, like btc, is looking for a price to stabilise (maybe 500$) and next to make its next increase in value, but I don't think that we will see another 10x soon.

[Haunebu]

You must be out of your mind if you think that Ethereum won't be able to bounce back up. Did you see its current value? The figures from the article are obviously old figures and ETH has already gone back above $500 and will continue to move upwards if the market continues to rally. It depends primarily on Bitcoin and its value which is why I am expecting ETH to touch $1000 soon and $2000 by the end of this year once Bitcoin itself touches a new high. On the other hand, Verge is facing a lot of criticism in recent times and I do not advise investing into it at the moment.

[newegggo]

I will be much surprised if ethereum stays at 500 for a long time.
It has been recovering from the bottom. We will see it grow to ATH again.

[Rudzaki]

So he still jumps in principle, although not very high, but it's only a matter of time. Corrections, market stabilization will take place and then there can be a protracted jump to the top and even more strengthening of the price.

[whirlcoin]

I think it all depends on the bitcoin price movement,if bitcoin price will recover in the future then ethereum also will go to the recovery ohase because all the investors are only looking for the bitcoin price movement and predicting other prices based on it.So let's hold the bitcoin and make other cryotocurrency also bounce back.

[kjnfmplm]

Yes, of course. Even if the price decreased in half - from 1000$ to 500$ - in the span of 3 months, it can still recover. Maybe it will have a huge increase once Bitcoin's price continue to increase as well. As you can see, ETH is following the trajectory of Bitcoin. But, there are issues with Verge, more specifically, with partnership to Pornhub. Might as well wait for the issue to settle down, if you want to invest in ETH.

[jose111]

The market for almost all the major coins looks reddish. One relief factor that the market has to offer is that the prices of the coins have not dropped further down and hit the bottom but has rather been able to stay above the support zone. The cryptocurrency by the name Verge [XVG] has stood apart from all the other cryptocurrencies by gaining a 12.83% in the last 24 hours. Another cryptocurrency by the name Ontology [ONT] also seems to be having a bullish trend with a 19.82% gain in the last 24 hours. VeChain [VEN] and TRON [TRX] also look green as they have refused to give in.

Our Sentiment Analysis segment contains sentiments from around the world which were gathered after interviewing a group of investors, miners, journalists, skeptics, and influencers, and are combined together in this segment. The opinions that we select are filtered by discussing it with our team to ensure that only plausible comments reach our readers. This analysis will be on the second most popular cryptocurrency in the world which is Ethereum [ETH].

Ethereum [ETH]

Ethereum had a dip in its price yesterday like most of the cryptocurrencies, where it was trading at $429.25 and it fell to $391 swing low. At 12:04 PM UTC, Ethereum was trading at $396.71 with a market capital of $39.167 billion. The coin appears to be struggling to get back above $400 which is crucial for the coin at the present time. ETH/USD is holding the $385 level and the 100 hourly simple moving average. The coin seems to be oscillating between two major points which are $390 and $400.

Ben White, an Ethereum investor from Adelaide says:
Quote
The time is not right to sell Ethereum right now but it is experiencing a selling pressure and a huge sell wall has been formed on the exchange platform Bitfinex. ETH charts show that it could possibly go up to $481.34 and once it reaches that point, a bullish trend is expected.

Chris Lewis, an altcoin miner from Seattle says:
Quote
You may buy the coin right now and sell it right at $600 as a breakout can happen. There is a major resistance at $877.37. The coin is currently trading below the point of convergence of the trend lines. But Ethereum could possibly be a winner.

Sam Hall, a Financial Advisor from Liverpool says:
Quote
I cannot be sure if the charts show a falling knife or a bounce or a just consolidation! If it is just a consolidation then how much longer should we expect? There has been another bat pattern which was formed which could take it to $476 mark.

To conclude, 57% of Ethereum respondents are bullish and they expect a great deal from Ethereum in the near future. Most of them are ready to HODL till then. However, 43% of Ethereum respondents feel bearish because of its inability to break out from this long-term bearish trend.

In my opinion to this, I think it is normal thing that eth will be drop but just for a little. It is usual flow in the market which is ups and down but in my own prediction, I do believe that eth will continuously to rise for a long period of time because it has a better performance for the last few days compare to other coins. I believe that it also has a capability and ability to survive in the downfall situation because it built with a better platform and strong foundation so we need to do is to think positive and keep supporting to eth.   

[no0dlepunk]

ETH is now available in Philippine Peso/ETH pairing via coins.ph that's why I have a gut feeling that the drop was caused by someone who surely likes to get bags of this coin. He was probably dumping regularly and the weak-handed folks follow his lead which reinforced the dip. I am HODLing and am waiting for a huge pump in August. CAVEAT!

[Vovka4]

Think that spots will grow in any case. The team is very active in improving their product and I think they will succeed

[lovly]

I think ETH will show its growth again, because ETH is one of altc type. which is in great demand after Bitcoin, and I'm sure ETH will show its growth and its value will rise again.

[CODE200]

The market for almost all the major coins looks reddish. One relief factor that the market has to offer is that the prices of the coins have not dropped further down and hit the bottom but has rather been able to stay above the support zone. The cryptocurrency by the name Verge [XVG] has stood apart from all the other cryptocurrencies by gaining a 12.83% in the last 24 hours. Another cryptocurrency by the name Ontology [ONT] also seems to be having a bullish trend with a 19.82% gain in the last 24 hours. VeChain [VEN] and TRON [TRX] also look green as they have refused to give in.

Our Sentiment Analysis segment contains sentiments from around the world which were gathered after interviewing a group of investors, miners, journalists, skeptics, and influencers, and are combined together in this segment. The opinions that we select are filtered by discussing it with our team to ensure that only plausible comments reach our readers. This analysis will be on the second most popular cryptocurrency in the world which is Ethereum [ETH].

Ethereum [ETH]

Ethereum had a dip in its price yesterday like most of the cryptocurrencies, where it was trading at $429.25 and it fell to $391 swing low. At 12:04 PM UTC, Ethereum was trading at $396.71 with a market capital of $39.167 billion. The coin appears to be struggling to get back above $400 which is crucial for the coin at the present time. ETH/USD is holding the $385 level and the 100 hourly simple moving average. The coin seems to be oscillating between two major points which are $390 and $400.

Ben White, an Ethereum investor from Adelaide says:
Quote
The time is not right to sell Ethereum right now but it is experiencing a selling pressure and a huge sell wall has been formed on the exchange platform Bitfinex. ETH charts show that it could possibly go up to $481.34 and once it reaches that point, a bullish trend is expected.

Chris Lewis, an altcoin miner from Seattle says:
Quote
You may buy the coin right now and sell it right at $600 as a breakout can happen. There is a major resistance at $877.37. The coin is currently trading below the point of convergence of the trend lines. But Ethereum could possibly be a winner.

Sam Hall, a Financial Advisor from Liverpool says:
Quote
I cannot be sure if the charts show a falling knife or a bounce or a just consolidation! If it is just a consolidation then how much longer should we expect? There has been another bat pattern which was formed which could take it to $476 mark.

To conclude, 57% of Ethereum respondents are bullish and they expect a great deal from Ethereum in the near future. Most of them are ready to HODL till then. However, 43% of Ethereum respondents feel bearish because of its inability to break out from this long-term bearish trend.

In many performances of eth in the market I just notice that this is really has a better platform that can survive or stand strong again after the difficulties or downing fall that it's already experienced. We all known that in the pass few weeks eth is the one that really suffered from downfall situation and it's been a long period of time. But we can see now it is performing better again  so I think it has the capability to be bounce in much better value.

[yhnshjka]

ETH has proved to us the strength, the hot ico market, Ethereum's demand is still increasing, I think not long after. ETH will continue to rise. I think that Bitcoin, like ETH, is looking for a stable price and then stably adding value. I expect ETH to reach $1,000 soon.

[Kyo Kusanagi]

I believe Ethereum's rebound is inevitable. This is only a matter of time. The recent market volatility has given me hope. I believe that it will erupt again soon and break through the highest prices. I will continue to hold my Ethereum. this moment.

[MATHReX]

With Ethereum blockchain being in use in the mainstream market where countries and organizations are using it for various purposes is a win for ETH in a long run. The prices will definitely recover in the long run and break its previous records, not to mention that Ethereum is the backbone of so many smart contract tokens.

[orangetax]

Yes. ETH will bounce back soon. Read this article written posted on coinfrenzy - a quickly growing news media company!

https://coinfrenzy.io/steady-growth-crypto-market/

[gabmen]

I'm not doubting eth's capability to bounce back since among all alts, its one that has the most solid base. The eth platform is already being used by a lot of companies with smart contract and same as with btc, it's not going to take very long before we see it move upwards again.

[rhyoanime]

I think of course ETH will continue to rise back to the highest price, because ETH is an altcoin whose developers continue to innovate.