Ethereum on the path to recovery?

[Leenwar]

Ethereum bounced back real hard! I am fairly relieved by that.
Although its far from recovered but its good to see it climb up.

[1715079126]

1715079126

[Red-Apple]

you are using the word "recovery" but what you really mean is a big rise or a "pump". recovery is what just happened. in a market when price drops so hard then there will always be a price rise afterwards and that rise is called "recovery".

for example price of an asset drops from $100 to $80 then it recovers back up to $90. that rise in the end is called recovery.

however, what you had in mind and are describing in your post is not recovery it is "reversal" and in case of altcoins a "pump". i would say it is too soon for a pump of ethereum at this point because there are a lot of wounded newbie bag holders in the market at the moment and also a lot of ICO devs who want to dump and get out. they all look for an opportunity to get a little more profit before they exit. there is also whales shoring ETH hard which push the price even lower...
all of this has to end before a pump can begin.

[crypt_farid]

 What do you mean "recovery" ? Eth is working just fine. If you're talking about price and appreciation, then that is whole other story. This is just a correction.

[Yurkov]

 What do you mean "recovery" ? Eth is working just fine. If you're talking about price and appreciation, then that is whole other story. This is just a correction.

I think that he is talking about price so if i need to comment anything for me etherum is now closer to recover than any other coin, in next few months price should be again great.

[South Park]

Today Ethereum had an upward surge by 16% taking it from the sluggish 188 to above 200 benchmark. It has instilled a considerable level of confidence in many people and there are chattering in many quarters about Ethereum being on the path to a massive recovery. Do you share the sentiments?

Yes I agree with that sentiment, looking at the charts of ethereum I'm seeing that we're probably going to see a very nice recovery, but people should not expect a bull market out of this, what we were seeing was a very heavy correction in the price of ethereum that could simply not last long and now we're going to see a recovery, in the best case scenario I think we could touch the price of 500.

[styca]

Today Ethereum had an upward surge by 16% taking it from the sluggish 188 to above 200 benchmark. It has instilled a considerable level of confidence in many people and there are chattering in many quarters about Ethereum being on the path to a massive recovery. Do you share the sentiments?

I think it's much much too early to say. Look at the 12 month price chart for Ethereum, and the recent upwards movement is an insignificant blip. I do beleive that ETH is one of the best projects in crypto and will have a great future, but we'd need sustained upwards movement to a price above $500 before I'd say the recovery has started.

[Naxxramas]

Yes, Ethereum is now recovering. But still very fragile. Bitcoin has too much impact on it. It can only be better if Bitcoin gets better.

[Siren]

Today Ethereum had an upward surge by 16% taking it from the sluggish 188 to above 200 benchmark. It has instilled a considerable level of confidence in many people and there are chattering in many quarters about Ethereum being on the path to a massive recovery. Do you share the sentiments?

Nope this is a normal recovery from the dip but it does not mean ethereum are climbing high again

This has not even reached the bottom so theres no possibility of returning from the the original value before this drastic dropping happens

But before everything else don’t lose hope as for sure we will experience growth again in sooner because like bitcoin every coins are falling not only the top coins but all of the cryptocurrencies

[haryatiposton01]

I think Ethereum's trip to the highest peak will be slow and full of obstacles, bad news continues to disturb Ethereum's steps, some groups will also continue to overthrow Ethereum because some of these groups have expressed their hatred of Ethereum, I believe even though the steps are slow, Ethereum will rise again .

[Joshapat]

I am glad that ethereum showed a positive sign to recover soon, although it is not significant but I am sure that ethereum's future will be as brilliant as in 2017, buying now is something that will benefit in the future.

[engesi]

I don't think ETH is recovering. I think ETH may continue to fall for a while because the panic effect is still not over! Many investors are still selling ETH!

[friends1980]

Nope. It's just following BTC. Like all other altcoins do. It has been that way since forever, so I really have no idea why you are opening just another thread about ETH price speculation...

[mitrajkt]

Well ethereum gave the good news a few days ago with an increase giving a little hope, hopefully ethereum will return to its highest price again instead of falling deeper so that ethereum investors and users don't panic.

[JMD07]

Today Ethereum had an upward surge by 16% taking it from the sluggish 188 to above 200 benchmark. It has instilled a considerable level of confidence in many people and there are chattering in many quarters about Ethereum being on the path to a massive recovery. Do you share the sentiments?

All of us are watching the movement of this currency as we know that this can bounce back anytime once those investors see a good rally they can join the rally to ride the pumping. Although due to bearish situation this will take time but this spike might also a good start for a mini rally just to stabilize the ETH volatility but will not last longer.

[Aikidoka]

I do not really think so. I believe that when bitcoin falls, it affects the other altcoins. And that is the same as Ethereum. I mean the market is going to recover soon. But all I am saying that the market recovers bit by bit. With that being said, I believe Eth is on the way to being bitcoin in the future. I really hope that the market recovers soon and all the holders get a glimpse of happiness. And until that gets achieved, people need to be patient and positive.

[BitcoinHodler]

you should learn to not get excited for a recovery after a big dump which is a normal recovery not a signal for more rises on the way! it is like a step that every market goes through when there is a dump like this.
what happens after that depends on the market itself for example for ethereum to start pumping again it needs to first get rid of all those who are shorting it and also the whales need to start accumulating some so that they can pump it next. and that takes at least 3 to 4 months.

[robertsu]

It seems to me that this is just a piece from the local bottom. Haven't a reason to think that this is the starting point for the growth of ETH, just the holders are clinging to any excuse, because there is not much good news lately. I don't want to joy if talking about this.

[mostcrack]

this is the answer for those who consider ethereum to be extinct. we can see ethereum's recovery slowly to reach the pump. hopefully, this good news can happen to ethereum to be able to recover. as we know, ethereum has always been the second coin after bitcoin, it seems impossible if ethereum just became extinct easily

[Merkle_Tree]

Hopes recovery comes soon. Eth is still at little above $200

[satosibtc1000]

I also think that Ethereum has started to recover and in the near future we will see its recovery in the price category !