[2019-05-06] Ethereum Price Pumps While Other Cryptocurrencies Stagnate

[nulltx]

Ethereum is up over 6% in the past 24 hours as the market momentum intensifies. After trading in the $160 level the past week, the price jumped over $16 looking for new support in the $170 range.

One speculation as to the cause of the recent bullish momentum for Ethereum, is Elon Musk’s mysterious tweet that simply spelled “Ethereum”

The recent Ethereum price rise comes amid a crypto bull market which pushed the overall cryptocurrency market over $10 billion in valuation since the beginning of the month. This time, Bitcoin has been leading the bull run as BTC reached a new all time high for 2019 on May 3rd.

Read More: Ethereum Price Pumps While Other Cryptocurrencies Stagnate

[Yaunfitda]

And the pumped has continued, $180 now and a 10% increased in 24 hours.

But to be fair, almost all coins are also pumping, Bitcoin for instance might hit that magical number of $6k today or tomorrow. Market cap is also at $200 b.

This is the bull run that we all have been waiting for, but I will still be cautious though, there are mental barriers to go along and we might see some healthy pullback. But at least this 2019 is way better for all of us.

[jvdp]

Have you checked the price of bitcoin and ethereum today. I dont understand why eth alone staying stable while bitcoin is showing its full potential to initiate the bill run.
I expect ETH also need to grow in price not only in this discussion like this.
I own 12+ ETH in my wallet. Hope it goes for 10k USD and more.

[cryptofirm]

Have you checked the price of bitcoin and ethereum today. I dont understand why eth alone staying stable while bitcoin is showing its full potential to initiate the bill run.
I expect ETH also need to grow in price not only in this discussion like this.
I own 12+ ETH in my wallet. Hope it goes for 10k USD and more.

ethereum already growing more than 10% today,, and this is really great price movements on eth
seems a big sign from the bull coming to ethereum now,,
and i believe this Q2 ethereum will touch about $200 even more my friend

[eagleman]

Have you checked the price of bitcoin and ethereum today. I dont understand why eth alone staying stable while bitcoin is showing its full potential to initiate the bill run.

Yes, it's pumping today. Ethereum is doing it people.
It isn't enough for you to see the next coin that's rising is ethereum after bitcoin?

I expect ETH also need to grow in price not only in this discussion like this.
I own 12+ ETH in my wallet. Hope it goes for 10k USD and more.

How I wish that I have that kind of amount of ethereum on my stash, $800/ETH soon.

[KryptoKai]

10k dollars is certainly possible in a few years at the peak of a real bull run. Most will go 10x it's former all time high which outs ethereum at 15k dollars, not just a dream

[DoublerHunter]

^ 10k dollars is really possible for the price of Eth which is having a potential coin, because of I smell FOMO ahead of time and I think we are also near in the next halving of crypto price in the market. All of these are the most awaiting moment by the holders and I am also happy when I saw the market pumped.

Maybe after this, we have encountered a small correction but just like what happens now the resistance will always come out and going through bullish market soon.

[leea-1334]

You are needing to post this in the Press section I think,,, but anyway maybe there is no Press room for altcoins.

I just checked cryptocurrencies price for the top 20 and I think only BNB and USDT are the ones in red. Every other coin, including Bitcoin has achieved a few degrees of profit, so I would not call that stagnating! A new high for 2019 so soon after the last one, would be great for BTC, even better for ETH!

[Lakai01]

But to be fair, almost all coins are also pumping, Bitcoin for instance might hit that magical number of $6k today or tomorrow. Market cap is also at $200 b.

I dont think so, look at XLM or XRP or NEO for example. No movement at all, in XLMs case even a minor decline. The only alt which is really pumping atm is ETH in my opinion!

[semes]

We can always trust in Ethereum in my opinion. Yes it has lost a lot of value but which one didn't?

[BitBustah]

Interesting to see ripple remain stagnat while bitcoin and ethereum pump.  Ripple was previously in the #2 spot and had a lot of hype but now it only does 1/8th of the daily trading volume of eth.  I'm considering converting more of my btc into eth since the ratio is really low right now.

[consideritdone]

Bitcoin just topped the gainer today https://www.coingecko.com/en/coins/bitcoin

[Lakai01]

Interesting to see ripple remain stagnat while bitcoin and ethereum pump.  Ripple was previously in the #2 spot and had a lot of hype but now it only does 1/8th of the daily trading volume of eth.  I'm considering converting more of my btc into eth since the ratio is really low right now.

Ya, very interesting to see Ripple and XLM stagnate completly. They dump slightly when bitcoin dumps and both only slightly pump when BTC pumps. I am not sure if this is because that the hype itself is gone or both of those coins are more seen as a stable investment with minor movements. Nevertheless I will shift some BTC into XRP as soon as the USDT-bubble bursts and BTC falls again.

[jvdp]

Have you checked the price of bitcoin and ethereum today. I dont understand why eth alone staying stable while bitcoin is showing its full potential to initiate the bill run.
I expect ETH also need to grow in price not only in this discussion like this.
I own 12+ ETH in my wallet. Hope it goes for 10k USD and more.

ethereum already growing more than 10% today,, and this is really great price movements on eth
seems a big sign from the bull coming to ethereum now,,
and i believe this Q2 ethereum will touch about $200 even more my friend

I understand this growth but want to share some of the price chart information we were seeing one year before. In the year 2017 alone Ethereum jumped more than 360 percentage.

While bitcoin value was moving over 1k USD and at the same time we need to see the 300 USD at least growth for ETH market but nothing made such growth. Since all the altcoins rely on ETH growth this really important for investors, traders and etc...

[coco23]

Looks like this ETH pump was a one-day event. I don't see any dynamic movement in ETH anymore. Lets see if it can profit from the BNB downwards movement at least.
But it seems it more or less just follows the (BTC-)trend

[jossiel]

Looks like this ETH pump was a one-day event. I don't see any dynamic movement in ETH anymore. Lets see if it can profit from the BNB downwards movement at least.
But it seems it more or less just follows the (BTC-)trend

It has retained to $160-$169 while bitcoin is going higher than we're expecting. I think that it's just slowly moving and whenever bitcoin goes to the top again and most of the alts will follow its lead including Ethereum.

I'm confident to see that it's already to $160 level and it has reached nearly $190 last time. Aiming to see $200 very soon and can say that it's a sign that we're going out of this bear gradually.

[Endikadija]

But to be fair, almost all coins are also pumping, Bitcoin for instance might hit that magical number of $6k today or tomorrow. Market cap is also at $200 b.

I dont think so, look at XLM or XRP or NEO for example. No movement at all, in XLMs case even a minor decline. The only alt which is really pumping atm is ETH in my opinion!

Please you must read more to get the best reason for that. ethereum gets pump caused by the testnet of POS system already activated and you don't need to mention ico as a reason and in many times people have been mentioning it and that looks very boring for me.