Reason Why $ETH sudden jump

[Raflesia]

Still not understand what for the upgrade and later advantage of upgrade 2.0, still try to understand how is working later and why the impact this upgrade only make ethereum raise to higher price few hour only. Just Vitalik make many people panic to buy ethereum and then he sells again. We can't trust with owner right now because they looking for many way how to make investor panic to buy their coin and keep going on with higher price but later going down again.

For sure they have a good aim to upgrade to 2.0 we certainly don't fully understand about this because it was just released but I'm sure with this news everyone will be happy to see something like after a long wait for ethereum 2.0, vitalik has a good design I know people panic because of ETH price because of this news I am sure this is not just fomo but intends to buy ETH to hold.

[trauchot]

Ethereum has slightly increased in price after this news, so nothing serious has happened to the Ethereum price, but I think that in the near future Ethereum will start to rise in price and it will be possible to make money on it, so now it is still a good time to invest in Ethereum and of course, we are waiting for the full release of Ethereum 2.0.

[luckyflop]

Finally, after ages we hear about ETH 2, should be a good sign for Defi tokens, and ETH tokens, Finally moving to POS from POW is a great sign even for the environment and wasting less energy, but I don't think that was the only reason for ETH to pump, Bitcoin's move also helped and news about Joe Biden as a possible winner helped that too because I have heard he is more fan of green energy and cryptocurrencies, shortly it would have a pullback but in my opinion bull run for Ethereum's tokens has just begun and we would hear more about new projects on ETH blockchain soon.

[lousie9]

Ethereum's recent rise was unexpected, ethereum has been significant in the $ 400 price range and may still continue. looking at the current Ethereum price action indicator is very significant I believe that Ethereum could hit the $ 450 mark even more later this month. Vitalik has done a very good job.

[bitcoin31]

There is more good news happening in the ethereum in the past few monents and Im not surprise this coming months.
So if your planning to buy ethereum just do it because if many good news happening for sure  it will rise the value more or it will jump to the ATH value that we are possible to happen this year. People are waiting for the decreasing price of the ethereum but I guess not happen so it's better to purchase now before it's too late.

[Em00n01]

Let's see what will happen to Ethereum gas fee and ethereum speed transaction. I only want to see any changes for these 2 sides. If nothing changes for me ETH 2.0 is same as before. I still haven't seen a significant pump price but for people who lovr profit, I think this is the chance

There are many changes between ETH and ETH 2.0. You may search on Google for more details. Anyway, i think ETH 2.0 will decrease gas fee and speed up the transaction than before. This is just the creation of smart contact not the final release. It will happen on December. So we can expect some big movement from that moment.

[TopTort777]

This is a great news for eth hodlers although I was expecting much higher increase, I hope we'll get to little over $600 by December 1st. I expect price will continue to rise from here on.

Price increase will happen with Ethereum 2.0 release. Last time I heard it was postponed, again. But recent grown is connected with Vitalik's tweet about ETH2 deposit contract released and probably US election race impacts on it a bit also.

I don't think that we will see "little over $600 by December 1st". We are likely to see $450 imho. Just take a look on how bitcoin gained $+1k in last 24h or +13% in a week, while ETH made only +20 bucks and +7% in a week.

[nrvasquez]

Can we expect a good upward rally from ETH?[/b][/size]

There will be another big announcement in the start of December, be ready for big pump

Ethereum's position after bitcoin the price of other currencies in the crypto market increases depending on the price of bitcoin ethereum is in a much better position demand is rising due to rising prices now is a good time to invest. No one can say exactly when the price will go up however prices are likely to rise later this year or in the new year.

Yeah, that's true almost all altcoins will move depends on bitcoin, but i think that anouncement also create some impact considering the gas fees are quite expensive right now, so that's can safe some eth

[wack slacker]

Great news has led to FOMO, it looks like people are hoarding ETH to participate. The supply of ETH on exchanges will increase.
Today's ETH price increased partly due to the decline in the domain of BITCOIN / ALTCOINS, causing a series of altcoins to rise.
With this market situation, I have confidence that ETH will grow strongly by December. This will be an opportunity for me to make back the money I lost in 2018 when the market collapsed.

[FanEagle]

I think it is not about "getting close" or anything like that, people who got excited about this news (including me) didn't get excited because we think 2.0 will be tomorrow, we know that it could take a long time, it could be as much as 2022 before it happens which means we are going to have to wait a loooong time before 2.0 is a reality and we know that.

What made everyone involved so excited was not the time period and getting closer deal, it was the fact that it is worked on and reached to a new level, that means we are done with major parts of the upgrade and that excites us, obviously we are going to wait awhile but that doesn't change the fact that we are now one step closer and that means something to us. Every single improvement matters right now in something that we have waited for years, even a slight light on it would make us feel at more ease at this point.

[Cryptoababe]

The eth 2.0 deposit contract address isnt the reason why eth sudden dump happened.. This should be a reason for sudden rise not sudden dump.
Many will want to buy eth to stake and buying leads to increase in price.

[Slingshot]

This is really not suprising case but an amazing one. And many predictions of ETH by December when the main launch unfolds. Many feels it will go higher than its alt today. I am really happy that ETH 2.0 deposit have started and many are really in fir the staking. I anticipate more and thanks to ETH CEO for such amazing thoughts.

[Em00n01]

This is a great news for eth hodlers although I was expecting much higher increase, I hope we'll get to little over $600 by December 1st. I expect price will continue to rise from here on.

I'm also expecting something big. But i think it will happen after the mainnet launch on December 1.

The eth 2.0 deposit contract address isnt the reason why eth sudden dump happened.. This should be a reason for sudden rise not sudden dump.
Many will want to buy eth to stake and buying leads to increase in price.

No one have mentioned that the suddn dump happend because of ETH 2.0 smart contact release. You should read all reply carefully before comment.