if ETH hold above 168, downtrend will be over.

[NathanJB]

if ETH hold above 168, downtrend will be over.
just an idea, the market is still very weak and bearish

How many days or weeks have you been observing the charts and whatever patterns they may have created?

It seems that your rank or your post speaks a lot of your inexperience and yet you try to make a good prediction out of what is happening today. If you think that ETH at $200 or $500 or even $1000 will cut the downtrend, you are very wrong. The downtrend is part of the life of ETH and all other cryptocurrencies except the stablecoins. There will always be downtrend. It occurs every now and then. It cannot be erased from the future of ETH nor of any coins.

[cribusen]

if ETH hold above 168, downtrend will be over.
just an idea, the market is still very weak and bearish

It mainly depends on BTC and its behaviour rather than on ETH. ETH keeps disappointing investors throughout past two years and if ETH 2.0 would not change things, I hardly doubt that this coin would ever come back to 1k USD.

[masulum]

Well, even without proof we can tell this because once ETH holds up its position at $168 or above. That means the price has stabilized and the probability for it to make an upward movement is higher. It also means, the trend is changing and the bear is over at last until it goes down again.
sometime we do not really need any TA to proof the market, because TA does not guarantee you anything. In the end, it depends on you whether you can afford to hold it or not.

Sometime we need to know factor that makes the price more stable as you say, of course there is any factor behind it. And i know TA sometime not guarantee anything. But, it happens when any fundamental factor, news or anything. If OP makes it clear about this position, people who don't have any experience like me, can learn something new about trading prediction.

[CarnagexD]

if ETH hold above 168, downtrend will be over.
just an idea, the market is still very weak and bearish

That's true the market still weak and there is still a sign that bear market might appear again. Bitcoin and Ethereum show the potential of having downtrend and I still worry simply because of people who always do panic selling that might result in the more down price in the market. As of now the price of ethereum is 170.2036 and it's totally close to the price that you have mentioned. Lastly, I hope the price of ethereum will remain above 170$ and not fall again.

[iMark]

if ETH hold above 168, downtrend will be over.
just an idea, the market is still very weak and bearish

It mainly depends on BTC and its behaviour rather than on ETH. ETH keeps disappointing investors throughout past two years and if ETH 2.0 would not change things, I hardly doubt that this coin would ever come back to 1k USD.

Yeah because the dominance of bitcoin is much greater in the crypto market, so I think the downtrend signal ends not on ETH but bitcoin. everyone will look at bitcoin market first to determine their choice of buying or selling, that is the fact. we often see that when the price of bitcoin falls, it is certain that many people will sell their assets including altcoin. ETH has an effect but only a small part.

[mr_random]

if ETH hold above 168, downtrend will be over.
just an idea, the market is still very weak and bearish

If the price of ETH can hold above the $200 for a month, the price can attempt to test the new higher prices above the resistance which will turn to the support level in case of pump.  The market is overreacted to the BAKKT news and the expectations of the crypto traders don't match with the market movement, the reason for the dump can be explained so.

[Red-Apple]

the downtrend is over when the dumps are over. and the dumps are over when bag holders dump all their bags. also for this whole thing to eventually come to and end and for you to see a reversal the ethereum company owners need to start loosening their purses and start pumping it again and so far they don't seem to want to do that anymore.

[Dobmaster]

Now Bitcoin has a share of 70% of the total capitalization, ether is necessary for the capitalization of about 15-20%, then we will take to the sky as in 2018 year .

[sjbi]

As the crypto market is very weak, altcoins including ethereum are going down in price. Ethereum has been experiencing downtrend more than other altcoins. It maybe dominance of bitcoin. Bitcoin is posing threat to ethereum I think.

[YuginKadoya]

The downtrend will stop if people stop selling their hold coins, especially Bitcoin we need to look for the bigger picture here if it isn't for Bitcoin other Altcoin will not establish a good position it is all thanks to the father of cryptocurrency that ETH right now is holding on its own, but maybe some other news that would feature Ethereum will suddenly increase a slight price for Bitcoin.

And if you see most Altcoins out there they are connected to Ethereum Blockchain so maybe an unlikely sudden pump will be made if it just holds its price just still, But I doubt that will happen A movement for Altcoin sometimes is just for Altcoin only but Bitcoin sudden movement will surely change the altcoin price as well.

[Ompyon]

The downtrend will stop if people stop selling their hold coins, especially Bitcoin we need to look for the bigger picture here if it isn't for Bitcoin other Altcoin will not establish a good position it is all thanks to the father of cryptocurrency that ETH right now is holding on its own, but maybe some other news that would feature Ethereum will suddenly increase a slight price for Bitcoin.

And if you see most Altcoins out there they are connected to Ethereum Blockchain so maybe an unlikely sudden pump will be made if it just holds its price just still, But I doubt that will happen A movement for Altcoin sometimes is just for Altcoin only but Bitcoin sudden movement will surely change the altcoin price as well.

It seems impossible to expect crypto users to stop selling their coins. trade will be alive if there is a sale and purchase transaction, if no one sells, the bid will definitely be higher. and the reason they sell their coin collections is to want to get wealth, and because of that they always sell their coin collections on a regular basis. and when they reach a low price, they will buy back, so the trade will look more stable.

[takngantuk]

if ETH hold above 168, downtrend will be over.
just an idea, the market is still very weak and bearish

if the market were this simple, I would have been very happy. You know every time I have free time I always open a tradingview and make an analysis. and I've seen how the market destroys my predictions. so I thought, eth would not match your predictions. because there is currently no good news about ethereum, so even if eth doesn't fall deeper. it can not make eth prices recover.

[Nivia1st]

I don't think so, it's still too far for bull. the downtrend still continues, if bitcoin falls again maybe ethereum could be worse. even this could be like earlier this year. so just prepare yourself because it might take a long time for ethereum to recover again.

[Cheesus]

You may right. Whenever I see ETH at 160+ USD, I feel everything is okay, it's not that down. But when it comes at 154-159 USD, I start fearing that it will go more down. So, you are right that ETH 168 USD is not that bad, anytime it can bounce back to 200 USD!

[emreunsal10]

I don't get this logic. Why are people looking an altcoin price from its usd price, while most trading is going on from BTC? You all know why ETH did it's ATH per USD right? Because BTC was it's ATH per usd when eth 2.0 comes out, it won't be enough, we just need another btc bull run for an eth uptrend. it might hold above or go below 168 usd, mainly because of the price of BTC/USD, not ETH/USD parity..

[SolarWindMiningCompany]

if ETH hold above 168, downtrend will be over.
just an idea, the market is still very weak and bearish

I am pretty certain Ethereum will return back to $200usd and even better when Ethereum consensys launches. I am actually buying more Ethereum now that I can get it cheap. Its currently $166 on Binance and that's the cheaper it can go at the moment. The next wave is bullish and we have to ride it to the climax once again before taking profits

[rez303]

I don't think so, it's still too far for bull. the downtrend still continues, if bitcoin falls again maybe ethereum could be worse. even this could be like earlier this year. so just prepare yourself because it might take a long time for ethereum to recover again.

Downtrend will continue until the end of this year and nothing can be sure of the upcoming price rise of ETH. I think ETH will have a lot of big adjustments this year and the price could return to $120 again so don't expect too much of this coin. People have a great deal of interest but if you look at the fact, this coin is not able to grow well and ETH's development team in recent months has very few updates.

[patz22]

It is now below what OP's post so I think there is still a chance of going down and then again it is because of btc's movement. The real question is what is really happening to btc? Based on what I have read BAKKT doesnt have that much effect. Is this a manipulation? Or maybe getting ready for another bull market.

[ecnalubma]

Its up a bit before, but now its following Bitcoins path also Altcoins. It will only be over if the institutional investors have accumulated enough for this cycle, we must be used to it that every dump whales are taking advantage.

[cryptothreads]

It is now below what OP's post so I think there is still a chance of going down and then again it is because of btc's movement. The real question is what is really happening to btc? Based on what I have read BAKKT doesnt have that much effect. Is this a manipulation? Or maybe getting ready for another bull market.

This news is not good for profit and this year I prepared a large sum of money to invest in cheap pennies. If you look at the volatility of all the coins, this is the best opportunity to buy cheaply because so many investors have been waiting for this to happen. The market may be unstable now, but by the end of the year the market is always on an uptrend and that will be an opportunity for you to earn high profits.

There are a lot of coins for you now but before investing, you should consider carefully and always learn that project because it will help you avoid a lot of risks. I personally believe in ETH and have used more than 60% of my assets to buy ETH because this is a coin that will change everyone future.