Ethereum very volatile

[Vishnu.Reang]

Ethereum is a good coin but very difficult to predict its movement and that explain the volatility. Now is over 200$ , we can only hope that we do not experience a draw back.

There was no new regarding development or the timelines for ETH 2.0. So we can assume that this rise was purely due to speculation. And as we have seen over the years, such spikes don't last long. Unless the developers come with something solid, the prices will continue to decline. I won't be even surprised, if ETH loses the no.2 slot in a few years from now.

[Mianae]

Every cryptocurrency market is very volatile in nature. Most coins can go a whooping 200% in a single day and you will see a huge sell wall. This is the same with Btc market now look at Ethereum price it has held for the past days since your post I am sure the sell walls were taken down. Its normal when any market has a price Skype for huge sell walls to be seen.

[Lantind]

Ethereum is a good coin but very difficult to predict its movement and that explain the volatility. Now is over 200$ , we can only hope that we do not experience a draw back.

True, but I often monitor ETH price movements in the last two months and I think the movements are also very balanced with some other altcoins, and it could be due to the movement of bitcoin so some altcoins also follow it.

[fullhdpixel]

The price of Ethereum has been going up. The increase has been linked to February 4th dip that triggered the bulls to start buying and that caused the price to start going up. It has already reached $200+ and it might keep going if the bulls are able to defend the current price.

Predictions has shown that if it’s able to reach up to $223 it will likely move from there to $235.70. it will then be up to the bulls to hold that position firmly and keep it going up. Correction won’t happen anytime soon due to the Bitcoin halving that is coming, there is going to be a bull run and ETH is definitely going up alongside Bitcoin for sure.

[AmoreJaz]

The price of Ethereum has been going up. The increase has been linked to February 4th dip that triggered the bulls to start buying and that caused the price to start going up. It has already reached $200+ and it might keep going if the bulls are able to defend the current price.

Predictions has shown that if it’s able to reach up to $223 it will likely move from there to $235.70. it will then be up to the bulls to hold that position firmly and keep it going up. Correction won’t happen anytime soon due to the Bitcoin halving that is coming, there is going to be a bull run and ETH is definitely going up alongside Bitcoin for sure.

not even a week after the OP posted his thread and eth has surpassed the $200 mark. eth has strong foundation to begin with, the reason why the rise is not surprising. i wont be surprised if they will get ahead of BCH later on. eth is like a sleeping giant, waiting for their turn. and with the upcoming ETH 2.0, the price increase is forthcoming!

https://www.theblockcrypto.com/daily/54776/everything-you-need-to-know-about-whats-coming-for-ethereum-2-0-in-2020

https://www.coindesk.com/95-confidence-ethereum-developers-pencil-in-july-2020-for-eth-2-0-launch

[Qcrypto]

The price of Ethereum has been going up. The increase has been linked to February 4th dip that triggered the bulls to start buying and that caused the price to start going up. It has already reached $200+ and it might keep going if the bulls are able to defend the current price.

Predictions has shown that if it’s able to reach up to $223 it will likely move from there to $235.70. it will then be up to the bulls to hold that position firmly and keep it going up. Correction won’t happen anytime soon due to the Bitcoin halving that is coming, there is going to be a bull run and ETH is definitely going up alongside Bitcoin for sure.

not even a week after the OP posted his thread and eth has surpassed the $200 mark. eth has strong foundation to begin with, the reason why the rise is not surprising. i wont be surprised if they will get ahead of BCH later on. eth is like a sleeping giant, waiting for their turn. and with the upcoming ETH 2.0, the price increase is forthcoming!

https://www.theblockcrypto.com/daily/54776/everything-you-need-to-know-about-whats-coming-for-ethereum-2-0-in-2020

https://www.coindesk.com/95-confidence-ethereum-developers-pencil-in-july-2020-for-eth-2-0-launch

Bitcoin halving is expected to happen before May as of late.

ETH 2.0 is due in July. This could very well push Ethereum prices up more so than other altcoins.

Excited to see how it develops.

[minairia3]

Ethereum is a good coin but very difficult to predict its movement and that explain the volatility. Now is over 200$ , we can only hope that we do not experience a draw back.

It's not that is hard to predict it. Market movement has pattern and this happening now to ethereum is not shocking cause the TA show that it will increase up to 500 up to May 2020 if the surge is continously in this level. IMO, the current level will continue to its support, as you can see the resistance is quite strong.

[Barbut]

Ethereum is a good coin but very difficult to predict its movement and that explain the volatility. Now is over 200$ , we can only hope that we do not experience a draw back.

It's not that is hard to predict it. Market movement has pattern and this happening now to ethereum is not shocking cause the TA show that it will increase up to 500 up to May 2020 if the surge is continously in this level. IMO, the current level will continue to its support, as you can see the resistance is quite strong.

I don't think that the Ethereum price can continuously rise at the same pace until May. It will rise to $300 if we are lucky and then it will drop back under $200. People are getting excited by this market movement in the past week or more, but this is not the start of the new bull run. Regular fluctuations in cryptomarket, I will sell if it comes to $300, top can't be far from that.

[imstillthebest]

Ethereum is a good coin but very difficult to predict its movement and that explain the volatility. Now is over 200$ , we can only hope that we do not experience a draw back.

It's not that is hard to predict it. Market movement has pattern and this happening now to ethereum is not shocking cause the TA show that it will increase up to 500 up to May 2020 if the surge is continously in this level. IMO, the current level will continue to its support, as you can see the resistance is quite strong.

I don't think that the Ethereum price can continuously rise at the same pace until May. It will rise to $300 if we are lucky and then it will drop back under $200. People are getting excited by this market movement in the past week or more, but this is not the start of the new bull run. Regular fluctuations in cryptomarket, I will sell if it comes to $300, top can't be far from that.

no mate this is already the start of the bull run that many people awaits  .if i were you , i wont limit my expectations by this year but its true that prices of the coins have a break time . what i mean is that they cant continue to increase forever but at some point , they can stop and go down . eth is not also volatile as btc or other unstable coins but eth in my opinion is more likely close to as a stable coin   . its not hard to predict eth in this matter  , thats why many people are rooting for it  .

[Tash]

Before anything can happen, the total supply must be know. Spiting out 2 new ETH every 15 sec is not an viable option for the next 120 years.
It is like having a race with fiat who can produce faster.

[themistocleess]

Ethereum is a very good coin but the market is very volatile we can not just blame one coin for volatility, also the price of ether in the past few days rises and maybe there is a chance that it goes up more, hope for the best.

[vermigerous]

Ethereum coin ia very volatile to fluctuate now and it's so very hard to predict wthether to increase or decrease. But somehow we wish it to increase into huge posotive percentage so that it would benefit us bounty hunters.

[julius caesar]

Actually as ethereum reach the 200$ mark, that is already an achievement since it doesn't even reach that kind of price before. It is actually good because that is the highest so far this year. Lets just hope that the halving might cause an effect to the ethereum price that will cause for its price to grow and pump even more.

[Meowth05]

Ethereum coin ia very volatile to fluctuate now and it's so very hard to predict wthether to increase or decrease. But somehow we wish it to increase into huge posotive percentage so that it would benefit us bounty hunters.

Well, expect that the market is always unpredictable due to some factors such as the volatility rate that is, I think a good factors and very appropriate for investment. Besides, I've read a lot of news that Josh Rager(a crypto veteran) pointing out that with all the bullish news development on ETH 2.0, buying at $200 is an opportunity.

[letyouearn]

During the past 8 days Ethereum price went up by 22.5%, more so than usual.

Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195.


IT already broke $195 mark yesterday but went no further.

Another factor is that it's been trading very heavily with Velocity reaching over 15%.



Is ETH ready to push through $200 or is price correction due to happen?
Thoughts?

Ethereum can easily beat this level now without any serious price correction - in my opinion. But the odds are not very high and I would rather be careful with this instrument.

[gwaposakon]

During the past 8 days Ethereum price went up by 22.5%, more so than usual.

Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195.


IT already broke $195 mark yesterday but went no further.

Another factor is that it's been trading very heavily with Velocity reaching over 15%.



Is ETH ready to push through $200 or is price correction due to happen?
Thoughts?

Well, ethereum price has pump since you posted this thread. Eth has overcome a lot of resistance recently that many predict that it will surpass the $282 barrier in the coming weeks. Great developments are coming to the ethereum platform these coming months so expect some good things to come. Been holding eth for quite a while now and I am hoping to cash in soon.

[BlackFor3st]

During the past 8 days Ethereum price went up by 22.5%, more so than usual.

Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195.


IT already broke $195 mark yesterday but went no further.

Another factor is that it's been trading very heavily with Velocity reaching over 15%.



Is ETH ready to push through $200 or is price correction due to happen?
Thoughts?

It already passes the 200$ barrier so Ethereum is getting strong in past few days but I can say that Ethereum is very dependent to Bitcoin price because the movement of their graph is very identical.

Currently Ethereum is sitting at 228$ and is continuing to increase, so for the past 5 days it increase to 38$ which is a good start for Ethereum to comeback again this year 2020. I will not be surprise if we can see a new ATH of Ethereum price again, I am looking forward to it. 

[qazgroup]

If the momentum continues i think Eth is heading towards 500 mark especially if you analyse the monthly chart because last resistance of 350 does not seem a hurdle considering the strong demand that is perhaps triggered on the news of the Eth 2.0 launching in july.

[TopT3ns]

If the momentum continues i think Eth is heading towards 500 mark especially if you analyse the monthly chart because last resistance of 350 does not seem a hurdle considering the strong demand that is perhaps triggered on the news of the Eth 2.0 launching in july.

well, if ethereum 2.0 can trigger an increase in ethereum prices, now I really want to launch ethereum 2.0 because many say that ethereum 2.0 can provide benefits in large quantities. if I see this is almost similar to the usual development and not too big.

[traderethereum]

Ethereum now still trying to break the higher price, and now it stays at $229. With the increase of bitcoin price, I guess ethereum will follow to increase too, and I think that sooner or later, ethereum will break more than $250-$300. We hope that after ethereum 2.0, the price can increase higher, so what we want to see will happen soon.

But we need to still careful with the market, especially with bitcoin price because there will be no guarantee if bitcoin price will still increase and break $11k in this short time. The chance for the market to adjust will be there, and we need to prepare the money to buy more if the market is down