Whoa, Ethereum breaks the $200 barrier

[Vishnu.Reang]

There is no doubt that $200 is a big achievement for Ethereum. But we need to remember that the ATH was somewhere around $1,500 per coin and the current rates are just a fraction of what we had back in 2018. Ethereum had its bubble and it burst during the Dec 2018-Jan 2019 period. Now I don't think that we'll ever witness those levels again.

why not?  btc hit 20k with way crappier tech in comparison to etherium.

Don't underestimate the altcoin markets. You'll end up selling way too early like most crypto newbs of 2017.

You are still not getting it. What is the point in having a much better technology, if it is not being used? Bitcoin was the first cryptocurrency and the technology is quite robust. The advantage with Ethereum is that it can be used for purposes such as the creation of smart contracts. But for making payments, Bitcoin and Ethereum are at the same level and ETH doesn't have any advantages over Bitcoin.

[ice18]

If within the next week ethereum will able to reach the $240 price I can finally say we are in a very strong uptrend position and the bull market is really here I hope this come back is much strong than the recent bull market last 2017 many analyst said that the next bull market will be one of the most historical and massive, well lets see.

[bryant.coleman]

I am glad that Ethereum is rising in value. But the future prospects still look bleak for me. ETH gave 100x plus returns in 2017, mostly due to the hype surrounding the ICOs. And the ICO market is almost dead now and I don't think that there will be a revitalization or revival in that sector. And if we are talking about the usage in making payments, then Bitcoin is having far more acceptability when compared to Ethereum. I am bearish on ETH right now and I am expecting the prices to decline in the long term.

[Bonwin]

The first thing I look out for, whenever I see coins like Ethereum surge, is the dominance of Bitcoin. Bitcoin is gradually losing its dominance. It is reducing and that is a sign that altcoins are growing independent of the influence Bitcoin. I can, therefore, agree that Ethreum is growing and that might be a good sign of what is expected.

[Vishnu.Reang]

The first thing I look out for, whenever I see coins like Ethereum surge, is the dominance of Bitcoin. Bitcoin is gradually losing its dominance. It is reducing and that is a sign that altcoins are growing independent of the influence Bitcoin. I can, therefore, agree that Ethreum is growing and that might be a good sign of what is expected.

You are misinterpreting the stats. It is true that the Bitcoin dominance has come down from 67% to 64%. But the reason for that is not the spike with Ethereum. Most of the market share was captured by the forked coins such as BCH and BSV. If you check the price of these coins, you can see that they have gone up by almost 300% during the past few weeks.

[OrangeII]

If within the next week ethereum will able to reach the $240 price I can finally say we are in a very strong uptrend position and the bull market is really here I hope this come back is much strong than the recent bull market last 2017 many analyst said that the next bull market will be one of the most historical and massive, well lets see.

In fact, I am also quite enthusiastic about this, I began to think that the price of ethereum would reach $ 350 before May, meaning that ethereum prices would reach the highest price in 2019 before halving, and the potential would not stop. I suspect that the $ 200 level is the beginning, I am pretty sure the increase brought by ethereum this year will not be lower than $ 500.

[yazher]

I was surprised to see that today, ETH broke $200 price barrier, and a lot of altcoins in the top 10 are also making a good run, is this the bullish signal that we all have been waiting for the altcoin market?



Source: Binance

This is the first time in 2020 and the good thing is, it hasn't stop yet. We still going up and no signals of going down. If it doesn't stop, I think a $300 mark is possible too. The other Altcoins are doing well too and this will be the beginning of what might look a slight bull run.
ETH has not been getting up since it's last price hike many months ago. I think the only reason for its price hike now is
the ongoing hype of the BTC halving which will happen in the next few months.

[trauchot]

Yes, I am also glad that after a very long time, ethereum was able to reach 200$, but of course this is still a very small increase and I hope that this year ethereum will cost at least in the region of 400$-500$, because for more than two years ethereum was not having good pump.

[lienfaye]

Its because of bitcoin growth, altcoins do follow the trend as well.

Thats why eth and other popular alts are increasing, though we cant say if this is the start of bull run that we anticipate.

Bitcoin is showing consistent price increase for the past few days, this might be due to halving that will happen few months from now. Well its nice seeing eth reach $200 again and hopefully it will increase further.

[niisarearning]

The price increasig now because of Ethereum 2.0 launch speculation . Recent AMA with Vitalik there will be launch 95% chance of releaasing ethereum 2.0 by July 2020 said by one of the researcher Drake. It is the right time to hold ethereum for next big bull run . I got information from Coindesk.

[Driggers95]

If within the next week ethereum will able to reach the $240 price I can finally say we are in a very strong uptrend position and the bull market is really here I hope this come back is much strong than the recent bull market last 2017 many analyst said that the next bull market will be one of the most historical and massive, well lets see.

Unless the value of bitcoin continues to hit new highs in the following week, if not, I don't have much confidence that eth's value will surpass $240 because from last year until now, eth is still going too slow compared to other celebrities, even I feel it doesn't deserve the number two position. The price increase right now is just a recovery based on bitcoin, that's not the true potential and eth's outburst, eth is having good news but I don't know why it's still going so bizarre.

[fenixosup]

250 sounds like real target for now

[junkerr]

The price increasig now because of Ethereum 2.0 launch speculation . Recent AMA with Vitalik there will be launch 95% chance of releaasing ethereum 2.0 by July 2020 said by one of the researcher Drake. It is the right time to hold ethereum for next big bull run . I got information from Coindesk.

if it goes well I think ethereum growth after a successful ethereum 2.0 update there will be a greater increase. and now we have seen the beginning of that increase occur. hopefully, bitcoin will remain consistent in the uptrend. because it will strongly support the growth of the altcoin market.

[tvplus006]

There is no doubt that $200 is a big achievement for Ethereum. But we need to remember that the ATH was somewhere around $1,500 per coin and the current rates are just a fraction of what we had back in 2018. Ethereum had its bubble and it burst during the Dec 2018-Jan 2019 period. Now I don't think that we'll ever witness those levels again.

If the growth of bitcoin is not limited to the 20 thousand that it reached in 2017, then we can expect a record price for Ethereum. The price of Ethereum, when it reached $ 1,500 per coin, was also associated with the maximum price of bitcoin. I want to say that we can't consider the price of Ethereum separately from the price of bitcoin.

[Smitty Werben Man Jensen]

There is no doubt that $200 is a big achievement for Ethereum. But we need to remember that the ATH was somewhere around $1,500 per coin and the current rates are just a fraction of what we had back in 2018. Ethereum had its bubble and it burst during the Dec 2018-Jan 2019 period. Now I don't think that we'll ever witness those levels again.

If the growth of bitcoin is not limited to the 20 thousand that it reached in 2017, then we can expect a record price for Ethereum. The price of Ethereum, when it reached $ 1,500 per coin, was also associated with the maximum price of bitcoin. I want to say that we can't consider the price of Ethereum separately from the price of bitcoin.

Ethereum price is still stuck at $ 220, this is a strong resistant price in September 2019, if $ 220 is passed then we will see $ 250- $ 300, this is a beautiful view, now I have sold my Ethereum at $ 210, and will wait for confirmation again, yeah hopefully helpful

[leea-1334]

I think it was only 3 weeks ago or something that ETH was at $149 I still remember because I was considering buying a bit more with some spare bitcoin. I ended up gambling it hehe,,, so I did not get more ETH but to see price 50% rise in 3 weeks is incredible (it is $225 right now!). And as soon as I write this it goes down;)

[gundala]

Actually not too surprising, but I did not expect this quickly. ETH has a very strong and widely adopted product, this is its biggest advantage. Even fundamentally, the amount of funds locked in Defi is more than $ 1 billion, this is a very large number. As the utilization of the ETH niche increases, this will make the ecosystem bigger and of course very influential on the price.

[ethereumhunter]

Glad to see ethereum price can hit more than $200, and now the ethereum price is stable at $221, but ethereum can reach $250 in this month and the next months. Maybe we are going to see all of the prices will adjusting again at the end of the weekend because if the price cannot increase higher at the end of the weekend, then the market will change and down to the lower price first before it will grow. But still, the chance for the price to increase is wide open.

[imstillthebest]

Actually not too surprising, but I did not expect this quickly. ETH has a very strong and widely adopted product, this is its biggest advantage.

not surprising huh ? but looks like your still shock .

  same here i was shock too because in my head i say that eth is done . while everyone else is speculating good with eth  but it looks like that im wrong  . eth shocking growth just slapped me in the face  . eth has a good usage , that is why it its adopted widely but i think there is only a manipulation going on because no matter how good eth as we know it , the price of it were still stagnant at lower rate but now those doubts are gone   .

[bearexin]

It’s funny how some have disregarded Ethereum as of recent and when they talk about the best altcoins to invest this year some of them don’t even mention Ethereum.

I know for sure that starting from now they will start rushing into Ethereum since the price has started going up lol. I kept investing in Ethereum despite everything that people have said about it. And sure I did invest in other altcoins that were trending like ChainLink and Basic Attention Token and they have all been growing and are among the top coins this year.