ETH price struggling

[leea-1334]

So sad to see ETH really struggling and failing,,, is it not? I really thought when we took $300 this year we would not see $200 again but now we are about to even go into below $199 territory.

The bright side is now that Bitcoin lost a lot, ETH does not look like it will follow the slide so badly.

[bryant.coleman]

it's been a steady price for Ethereum since the begining of this month, still moving within 200 - 240$ Usd , do you think this is a bad sign for ETH?

Most of the ETH trade volume is coming from trade with BTC and not from the trade against USD/USDT. So let's compare the prices in BTC. When the current bull run started in April 2019, the ETH price was somewhere around BTC0.032 per coin. As the bull run progressed, it went down by a bit and for a brief period of time stabilized around BTC0.025 per coin. The June-July bull run took it below the psychologically important BTC0.02 level and for a while it was hovering at BTC0.018 before making a slight recovery to the current levels of BTC0.0195.

From the prices (in BTC), it looks to me that a large number of ETH holders have sold their coins and moved to BTC (or even USDT). It can also be a sign of continued selling of ETH by the ICO promoters. Prices are up by 5% today, but I don't think that this is a stable trend. ETH will resume its downward journey very soon.

[labuan]

Yes, i think so.. many coin its stuck like ethereum, i dont know why, because volume of ethereum is grow. But i still believe in ethereum and i think ethereum will grow in 2020. So i'll be patient for it.

[Vispilio]

Ethereum has an excellent blockchain and development team, but its kiddie founder Vitalik Buterin seems stuck on some childish issues no one

takes seriously anymore... He goes off on endless tangents & lengthy debates about minor details and sometimes ludicrous "politically correct"
 
propaganda which makes him sound more like a fresh gender studies liberal arts college graduate than a visionary entrepreneur...

[danherbias07]

It is not just a month anymore.
It had been stable ever since it went down to $130 then corrected to about $190 - 200.
It had been a bad year. Yes there is usage but it needs investors again.
Large amount of holders have withdrawn from that $1k price and I dont think they will be back again and are now looking for another investment or may have already found one.

[khimer_rangers]

ethereum is like a road in place but not only is ethereum a few other altcoins also experiencing the same thing, I don't think it's bad for ethereum and still have the opportunity to grow but that might be in the next few months or next year.

[Ifychuks]

Eth price has become the talk of crypto analyst for a while now. Most predictors has gone behind the curtains cos of the unpredictable nature of the Ethereum network. I don't think there's any strange thing about the price movement because only the market determines that. Soon enough we will see a remarkable spike.

[xenomorphe1]

Look at the dominance of Bitcoin vs altcoins at coinmarketcap and you will understand that altcoins holders have pumped bitcoin since February 2018. Bitcoin dominance was a little less than 35 percent in January 2018. That's why it is difficult for altcoins to grow. But yesterday, a very little correction has appeared. I think the dominance is going to reverse. But it certainly will take time as there is still some strong believers that Bitcoin is the only one cryptocurrency worth something. But i don't really like Bitcoin as it doesn't help the development of the blockchain technology in term of transaction speed/cost, facility of use, anonymity, Dapps. The dominance of Bitcoin means that cryptocurrencies are mostly used by speculators.

[pakdemaco11]

at the moment eth has not been able to do anything in terms of price, but the development of eth is quite good from the look of myether and etherscan they have also been updated and eth also I hear changing from POW to POS

[nwosuchristabe2]

it's been a steady price for Ethereum since the begining of this month, still moving within 200 - 240$ Usd , do you think this is a bad sign for ETH?

The market in general has been struggling and ethereum happens to be one of the most important altcoin, even the almighty bitcoin has been struggling to keep up, and that explains the volatility we've been experiencing.

[ven7net]

I do not think this is a bad sign. Perhaps this is a chance to buy ETH at such an attractive price. The only sad thing is that ETH is clearly not undervalued. However, I still believe that by the end of this year we will see an improvement in the price of ETH and the crypto market as a whole. I really do not want to think about the bad, as this is the second year when the crypto market has fallen and has now begun to show a more or less positive trend. Let’s think positively and then everything will definitely be fine.

[DeepChipolino]

I do not think this is a bad sign. Perhaps this is a chance to buy ETH at such an attractive price. The only sad thing is that ETH is clearly not undervalued. However, I still believe that by the end of this year we will see an improvement in the price of ETH and the crypto market as a whole. I really do not want to think about the bad, as this is the second year when the crypto market has fallen and has now begun to show a more or less positive trend. Let’s think positively and then everything will definitely be fine.

This is neither good nor bad. All we can know is consolidation with accumulation. In what direction is this accumulation, we can see only after go out from consolidation.
Whatever we think, it will not affect the market.

[veleten]

it's been a steady price for Ethereum since the begining of this month, still moving within 200 - 240$ Usd , do you think this is a bad sign for ETH?

and you call it struggling??
the price is stable , the problem is not the price in USD but that its btc price is not going up :



it means that etherium is not gaining enough trust from investors and Vitalik's experiments do not work as well as they were supposed to
it all could change with the fork coming next year , the price should go up
well it is either going to break the record highs or , if the fork is not a huge success , stay in the range , eventually dropping its value versus bitcoin

[masterrex]

it's been a steady price for Ethereum since the begining of this month, still moving within 200 - 240$ Usd , do you think this is a bad sign for ETH?

Thats true Ethereum was struggling much to retain its throne, But for me $200+ dollars price is not a bad sign. If we compare the Ethereum price in the previous months it was far more decent and stable, who knows Ethereum will bounce back versus BTC or USD maybe today or tomorrow and thats worth to wait.

[Hans Groober]

it's been a steady price for Ethereum since the begining of this month, still moving within 200 - 240$ Usd , do you think this is a bad sign for ETH?

This price reflects the current popularity of Ethereum among investors at the moment. Ethereum lacks new good ICO projects that will attract a large number of investors. It seems to me that Ethereum will still show itself and its price will rise.

[ganeshramk]

Eth fall is too deep today. Don't really know the reason for such fall. How it wakes up and move up. Otherwise it will touch the low again.

[Boh manok]

If now this is not a bad sign against ETH but it is a fairly stable coin price movement but if this happens in 2017 then this is a severe threat to investors and bounty hunters

[xenomorphe1]

Eth fall is too deep today. Don't really know the reason for such fall. How it wakes up and move up. Otherwise it will touch the low again.

It is because some people still believe that Bitcoin can reach $15000 or more. But for me, they are dreaming. At 70 percent dominance of the cryptos market it can't do better than $12000. When they are going to be exhausted, some money with a little chance can return back to altcoins. Else, there is no hope and it would mean the death of cryptocurrencies as no new companies and money are going to try to enter the crypto market if people only trust bitcoin as new coins are going to be sold immediately for bitcoin.

[BayAngelo]

we are gradually seeing ethereum dropping deep into 190 to 150 price range. the altcoin have never shown any strong bull market since this year. it appears we might be heading back to the same price range of early january for etherem. the whole price increase of 2019 is about to be wipe out.

[codehtcmail]

Binance and its pumped IEOs is the main cause of decline of ETH this year.