A jump of 11% for ethereum in just 30 mins

[CryptoAssasin]

I am currently trading on Binance and was surprised that ethereum went up a price from $115 to $130 in just 30 minutes where other altcoins followed the upward trend. Is this a sign of an incoming bull run for ethereum for its incoming hardfork or just a bull trap? Based on my research, Constantinople hardfork will occur on the 16th of January where Binance also confirmed that they will support the hardfork. Please correct me if I am wrong.

[1715065877]

1715065877

[No Pain No blood]

there seems to be a big whale trying to play the market. This will be very interesting when approaching Hardfork on January 16 later. I think there will be another surprise that will occur in the market. it turns out the market is still very fragile, only in a short time can prices be changed.

[DaMut]

The time for the hardfork depends on your local time zone, for me it should be around 17th January. And about the sudden jump, it is very likely a bull trap.
today, we are hearing a rumor about a rejection about Bitcoin ETF. I believe it is not only a rumor but an expectation from the community about our current situation.
that also means, we are ready to see another decline in the price and at the same time ETH is going to do a hardfork which is very likely to get dumped as soon as it finishes its hardfork. They can not tank the price, and they are not the tanker but instead the opportunist. They are looking for an opportunity to get profit instead of tanking the price.

be wary of this jump, just take it as long as you get your profit. we as a trader are looking for profit, not for something else.

[thefoex]

until Constantinople's hardfork is finished we will see things like this. do not expect too much the price can be higher, because this is only a pump carried out by the whales. if you don't buy it, it's better not to force it because later you will regret.

[bboyjohn]

All crypto coins have seen a serious price rise within a few minutes. Crypto coins therefore, I love it very much, being desperate or having a bad time is not something that requires much consideration. Everything can change at a time and prices can rise

[qazgroup]

Yeah looks like market has turned positive just before the fork date and i hope this positivity will continue even after the fork as major upgrades are coming for eth but it has to first break the 160 barrier and then 200 to start a new uptrend i hope it will be broken this time around.

[anobtc]

Yes, after the ETH price has fallen so deep, now with a smaller market cap, I think its price will be easy to manipulate as well as pushing prices higher than when the price is over $ 1k.

[Ararbermas]

  In my opinion it's not a bull trap mate which is probably a sign that it will never go further below the resistance because of the previous adjustment of price in the market and base on the pattern as well.   If i were you start from now accumulate and hold if you don't want to miss this up coming opportunity because i believe this the sign of the growth rate before to buliish like what happened before.

[Strotman]

According to my calculations, there are a little more than two days left before Ethereum Hard Folk Constantinople, so there is still plenty of time for speculation than many traders will take advantage of))

[beehimneff]

Yes, most likely, the reason for the growth is the nearest hardfork, but in my opinion the more important factor is the behavior of Bitcoin.

[AgentZero23]

Just 2 days and 8 hours until the constantinople update and i look forward about how fast the transactions would be. And also the price of eth after the update and positive the community will take this update in a positive way to invest more in eth. About the sudden spike of price, i think it's normal and will see in the new few days.

[oudekaas]

Before this growth Ethereum was falling so fast. I think it's normal on cryptomarket. In 2017 we saw 100-200% growth in one hour. This growth won't be so long and high, maybe it will be a correction after.

[Absolutep]

It is good to see ethereum rise again after sudden fall which make everyone feel so bad if the rise is a trap or bull run,that i cannot tell but am just happy to see green again.

[chocopapaya]

a 30% rise in value in 30 minutes in any asset is clearly price manipulation.
Especially on a large volume exchange like Binance, it is a coordinated effort to pump eth.
The other alts pumping are just a result of eth pumping as binance has a high amount of eth trading pairs.

Whether it is done by one whale or a group of whales, it would take examination of the blockchain to figure that out.
But, of course, groups can exclusively use one address together too.

This is not based on facts, but my own opinion is that some whales are pumping the price in anticipation of the fork.
They will most likely dump their eth right around the fork or after, crash the price, then buy back in at the dip.

For those who are just trying to get their hands on eth for the fork, you should have been doing so a lot earlier, not now.

[khufuking]

One thing I do not understand, this upcoming hardfork will not have any new coin born from it so why people keep timing Ethereum dump with the end of the hardfork!! I think the hardfork will only boost Ethereum and will lid to price increase more not dumping or in the worst case, a dump will happen followed by a good bull-run. Anyway, people should not treat this fork like other normal hardforks that usually gives free coins.

[HappyCaptain]

traders and whales might be the one storing lot of ETH to prepare for the incoming hard fork but be aware because after the fork they probably dump ETH to get their profits, this happen every time when there is a hard fork of a well-known coin.

[bananaunana]

I am currently trading on Binance and was surprised that ethereum went up a price from $115 to $130 in just 30 minutes where other altcoins followed the upward trend. Is this a sign of an incoming bull run for ethereum for its incoming hardfork or just a bull trap? Based on my research, Constantinople hardfork will occur on the 16th of January where Binance also confirmed that they will support the hardfork. Please correct me if I am wrong.

Most likely only a big buy order, Ethereum price recently mostly is similar to BTC price and following it. A price peak before ETH hardfork is also to be estimated but won't last very long.

[Stargazer]

It happens because tomorrow is the fork day! and I think after the fork ETH price would jump to a new high comparing recent times. In twitter, you can see lots of people are discussing about ETH network upgrade which was very needed! So, this sudden jump is so normal!

[youdacapt]

True the price of Ethereum rose very high because the presence of Hardfork that happened to Ethereum besides the price of BTC also rose so many investors use this momentum to buy Ethereum and hold it until HF is finished.
But will the current price increase last long? or just want to produce HF from Ethereum and after that the price drops back.

[powerman24]

The market volume is small and it is very sensitive and it can be easily manipulated by the whales, so these  kind of pumps are normal. Expecting more of them to come in the next few days around the ETH fork.