What is the reason of ETH bull run?

[SwiggHeart]

I wonder what is the main reason why did the ethereum is on bull run? Is it because of the Constantinople upgrade?

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[passeroutpass]

I do not think so. I don't see any reasons for ETH growth. Constantinople will be only at the end of January. I think that at this week growth will turn into a fall

[NeuroticFish]

Ethereum had very bad times even against Bitcoin.
The current "Bull run" is just a recovery of the loses from the last 30 days against Bitcoin.

It may have been of help that Ethereum is back in the news and they are good news. The money seems to start flowing back into crypto and Ethereum is basically the major "second" crypto investment after Bitcoin. And since the price it was SO low, it could have been a better investment.


The next update may be somewhat a culprit too, since from what I've read it'll reduce the block reward, making Ethereum mining more expensive.

[various]

Ethereum had very bad times even against Bitcoin.
The current "Bull run" is just a recovery of the loses from the last 30 days against Bitcoin.

It may have been of help that Ethereum is back in the news and they are good news. The money seems to start flowing back into crypto and Ethereum is basically the major "second" crypto investment after Bitcoin. And since the price it was SO low, it could have been a better investment.


The next update may be somewhat a culprit too, since from what I've read it'll reduce the block reward, making Ethereum mining more expensive.

I totally agree with you, the ethereum was about 1/10 of bitcoin a few months ago. Now it's about 1/30 and trying to slowly recover. Now the ethereum's worth is not real, it should be more than current value.

[anggaem]

I think because a lot of people are starting to hear that eth and bitcoin will do hardfork together , hardfork coin name is bithereum , and also eth will do hardfork itself in January and the hardfork name is constantinopel I think there will be a big change in the eth system and everyone might want these hardfork coins so they started buying eth now.

[NotFoundGlobal]

I think because a lot of people are starting to hear that eth and bitcoin will do hardfork together , hardfork coin name is bithereum , and also eth will do hardfork itself in January and the hardfork name is constantinopel I think there will be a big change in the eth system and everyone might want these hardfork coins so they started buying eth now.

I'm from Indonesia, some of us buy ethereum because ETH & BTC will hardfork ;)however it will be like bitcoin cash. as you know if top coin added an hardfork event, this is a big potential to increase up to 100% slowly ICOs the king will wake up

[vanya.pronin.1983]

There are two main reasons why Ethereum is pumping during the last several days. First of all within 3 weeks there will be an Ethereum hardfork and people are buying some Ethereum to get a new coin and secondly the devs have announced Ethereum 2.0 blockchain update.

[damberg]

Ethereum has its intrinsic value but it lost a lot of its market value especially comparing to Bitcoin. The bull run simply recovers previous losses and balance the value between ETH and BTC.

[poloollec]

it's an overall market trend, fellas

[Red-Apple]

because it is not on a bull run!

this is just a tiny recovery  after a long time of getting dumped and most part of it is actually a bull trap by whales so that they can let the price go a little higher before they dump some more on the market and take a quick and big profit.

[bitmover]

I wonder what is the main reason why did the ethereum is on bull run? Is it because of the Constantinople upgrade?

I saw no news related to this.
It's a 30% up, but it is not a bull run.

It's interesting to see that ethereum is finally recovering. Ethereum price is still too low, probably because of low Dapps adoption and constant delays in Casper

[IgorShumilo]

Ethereum and reasons for its growth in 2019

1) Amazon Quantum Ledger Database (QLDB)

I think many of you have seen the news that one of the world's largest corporations, Amazon, is creating a new platform to quickly create blockchain applications on the Ethereum or Hyperledger architecture.

“Amazon Managed Blockchain makes it easy to create and manage scalable blockchain chains using popular Ethereum and Open Source Hyperledger Fabric technologies. With a few clicks, Amazon Web Services (AWS) management console clients can set up a network of chains that can span multiple AWS accounts and scale to support thousands of applications and millions of transactions

Great news that directly affects the mass-adoption blockchain applications in our daily life and growth, respectively, due to the huge number of transactions that we can conduct on the air network.

2) Constantinopole and Casper Update

The same Proof-of-Stake and Sharding technologies that will be added to the update will allow you to scale the network and bring bandwidth to a whole new level in 1 million transactions per second.

Proof-of-Stake is a consensus algorithm that excludes the possibility of an attack of 51%, increases the level of security of the entire network and reduces its energy consumption.
In the framework of the PoS algorithm, the validators are not responsible for maintaining the network operability. Unlike miners, for whom the computational power of their nodes plays a key role, steak is important for validators - their share of network cryptocurrency. The more steak that is offered as a deposit, the higher the reward for each checked and proposed block.

Sharding technology offers the rejection of full nodes, thanks to the load sharing between all nodes of the network - shards. From individual shards, a so-called Merkle tree, or a hash tree, is formed, which is used to efficiently store transactions in the blockchain, since it allows you to get a “fingerprint” of all transactions in the block, and also effectively verify transactions. The sharding of the Ethereum blockchain involves the simultaneous operation of several shards, like wires, combined into one cable. Due to this, the capacity of the entire network will have to increase from 15 TPS to 1000 TPS and then to 1 million.

Also, the introduction of the Constantinopole update will reduce the block reward from 3 ETH to 2 ETH and the miners within the framework of the POW-POS hybrid algorithm will receive 33% less profit, and considering the problems with the self-sustainability of farms, the price for the "new broadcast" should also increase at least 33%. So it will be until the network completely switches to POS.

3) Mathematical evaluation of the cost of cryptocurrency

The value of any network is determined by the number of transactions in it and the more of them, the higher the price of the base unit (in our case, the broadcast).
Remember the number of transactions Bitcoin at the peak of popularity in December 17 and get an example of how the number of transactions (due to high interest) affects the price of the asset.

Mathematical evaluation of the value of cryptocurrency

These 3 factors will be the reasons for the growth of Aether in the coming 2019, while the ICO bubble that caused the last boom is forever in the past.

[bttmember]

There may be two basic reasons for eth trend reversal one you can find on the chart. If you see long time frame that is weekly we can see a morning star pattern which indicates bullish trend reversal secondly we have strong fundamentals around eth due to upgrades and scalability issues resolution coming from next month so i think it is good time to get in for more profits.

[BADBITCH]

ETH Hardfork is coming in the January 2019. The actual miners’ reward for the creation of new blocks is 3 ETH, in late August devs announced that they want to reduce it to 2 ETH for one block. 

Just my views

[mahilchii]

Guys I think this is a small recovering after a long time, Never consider it as a bull run there is still a long way to go. Few say BTC and ETH are going to do hardfork, I never heard anything about this also a relevant source will give us a correct solution.

[clickerz]

Ethereum had very bad times even against Bitcoin.
The current "Bull run" is just a recovery of the loses from the last 30 days against Bitcoin.

It may have been of help that Ethereum is back in the news and they are good news. The money seems to start flowing back into crypto and Ethereum is basically the major "second" crypto investment after Bitcoin. And since the price it was SO low, it could have been a better investment.


The next update may be somewhat a culprit too, since from what I've read it'll reduce the block reward, making Ethereum mining more expensive.

I totally agree with you, the ethereum was about 1/10 of bitcoin a few months ago. Now it's about 1/30 and trying to slowly recover. Now the ethereum's worth is not real, it should be more than current value.

I concur. Ethereum was also  biggest casualty wigth bitcoin dumps. Now I think its recovering  since its very low and people are buying it. Also in addition there are good news about eth and with its upcoming update this January, people are stocking up their holds.

[bigcash2011]

Eth co founder has also announced that crypto bottom is just over and when eth crashed to around 80 bucks was the ultimate bottom this news and alongwith upcoming constantinople upgrade eth seems to be moving in the right direction and trend reversal can almost be seen already, i think if the hype and fomo kicks in eth can hit 500 in no time.

[Sab11]

I wonder what is the main reason why did the ethereum is on bull run? Is it because of the Constantinople upgrade?

As for now i dont have any news about ETH but im not surprise with it current price, because ETH is a great project i think for sure thier is a good news and many people gets hype and fomo, i think eth will hit again 1k$ this 2019.

[braves182]

I wouldn't call this growth a bullish rally, but when i consider that I bought a few ethers at $ 80, it is a small profit. But if i remember that the rest of the ether purchases were at the level of 200-250-300, then I just reduced the losses a little. But I believe that this is only the beginning, but this time we will hardly reach 150 dollars, may be next year.

[upsidedown75]

Same as everything else, bitcoin went up, eth went up, xmr went up. Basically in crypto market when it goes up it goes all together and when it goes down it goes down all together, there is never a change on that. Is there some coins that go up while others go down ? Yeah sure, sometimes but it doesn't really stay too long, remember ripple ?

It got high for a while when everything was falling but than it didn't kept up and fell down as well.

Hence, basically ethereum doesn't have a "bull run", bull run is something takes a bit of time and goes much higher than this, when you see a bull run you will know, last year bitcoin went from 1400 to 20 thousand in 2 months, that was a bull run, going from 90 to 120 is not. However it is a great start and I really hope it will continue like this so we could at least cover a bit of our losses.