ETH price, bears took control?

[cytpoway121]

Its literally looks like the bears took control because it has slipped down hard after the low spike on bitcoins chart.

And this is the core volatility that happens to etherum, it needs to be able to survive for awhile even if bitcoin dips.

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[oscarftw]

ETH has dropped 10% within 24 hours, ETH is in real danger as it may turn bearish at this time. We can clearly see the bullish movement is slowly fading and this is also the lowest point. After a massive rally from the past two months now it's going to red zone, The eth ecosystem has to show some major improvement else I am sure bears will take control.

Bear time over long time before, now only time for correction. The whole coinmarketcap dropped 50 billions USD, we can blame only Ethereum. Top coin (Bitcoin) also dumped more than 1500-1700 USD. Bitcoin halving and Ethereum 2.0 is could be major improvement for this situation. I think instant dump is good for crypto as like now.

[chanc3r]

Its literally looks like the bears took control because it has slipped down hard after the low spike on bitcoins chart.

And this is the core volatility that happens to etherum, it needs to be able to survive for awhile even if bitcoin dips.

We must not feel doubt about that as the price of ethereum has been growing back again since yesterday. I just speculate if the crypto trend will be going to be normal again as soon as possible. Just let those people to take more time to make it happens. Bitcoin is giving enough impact to the market as it was also getting lost in the price caused by the gold.

[michellee]

We have a good time to buy ethereum at this time before the price break the higher price. But we don't know if ethereum price will have a chance to increase back or it will go down again. If we can take the risk by seeing another downtrend for ethereum, then we can buy it now with small money and wait for a while. If the price still goes down, then we can buy more ethereum, but if it's not, we can wait for more. We are still seeing the bear market at the end of this month, but we have a chance to see the bull run will come in the next month, so be patient.

[lienfaye]

Well its not surprising to see eth (actually almost all coins including btc) in this status. When there's a price increase a correction is expected because of those who take profit, selling their coins to take advantage the increase.

But we know its not unusual, thats how crypto works and correction is just temporary so dont deal with this situation as if the market wont recover anymore. There are many things to look forward like the btc halving and eth upgrade hence be optimistic.

[awik p]

Its literally looks like the bears took control because it has slipped down hard after the low spike on bitcoins chart.

And this is the core volatility that happens to etherum, it needs to be able to survive for awhile even if bitcoin dips.

We must not feel doubt about that as the price of ethereum has been growing back again since yesterday. I just speculate if the crypto trend will be going to be normal again as soon as possible. Just let those people to take more time to make it happens. Bitcoin is giving enough impact to the market as it was also getting lost in the price caused by the gold.

technically, ethereum is undergoing correction. I think the correction is over, and will continue resuming bullish, although later back down again, I think the Fibbonaci 61.8 area can be a reference to take long positions. but it also depends on the behavior of traders and investors

[Kemarit]

ETH has dropped 10% within 24 hours, ETH is in real danger as it may turn bearish at this time. We can clearly see the bullish movement is slowly fading and this is also the lowest point. After a massive rally from the past two months now it's going to red zone, The eth ecosystem has to show some major improvement else I am sure bears will take control.

Nope, I don't think that the bears took control, Bitcoin has been suffering from the corona news, as others have said, so obviously it will trickle down to the altcoin market.

But look at the market today, everything is all green again, ETH didn't even broke the $200 so meaning there are huge support itself.  That's why we really don't need to panic, just sit down and wait till the market settles down and we will see a good bounce.

[Latines]

Ethereum rose very quickly like Bitcoin, so the correction that gave such a rebound is not considered something terrible. She should have happened, I was waiting for her even earlier. So at the moment, do not worry about the decline in the price of cryptocurrency. Now, if it falls another 15%, then it’s worth considering, although it will be too late to think)

[styca]

It's the whole market, not just ETH. The current price drop has absolutely nothing to do with any Ethereum news or development. It's just a big sell off. Sometimes the market gets jittery and just needs the slightest excuse to shed money. Maybe this time the excuse was coronavirus. The trigger is usually irrelevant, it's just something that provokes a small sell off that then snowballs all by itself.

[Wildwest]

Currently the red zone is happening in bitcoin so it is natural that ethereum also follow it, and now it is very difficult to happen ethereum will move up so quickly as happened in the previous year that can penetrate in the numbers Very well, maybe this is no longer the case because many current ICO projects are no longer growing and full of scamer.

[dainoran]

in my opinion for now the price of ETH is down, because BTC is down by about 10% so all altcoin prices follow BTC, but I'm still sure there will be a big increase, and we have to be patient to get big profits.

[sayam]

I thought Ethereum could easily cross the 300$ mark. But after crossing 290$ mark very easily, now we can see the continuous price fall of Ethereum. Now it looks like that Ethereum price will go down to below 200$ again. But after that I think there is no reason to be disappointed because in the next two to three months we will see a good movements in the crypto market. I firmly believe that then Ethereum price will easily hit 500$ marks.

[lionheart78]

I think what happened was just a correction.  There is some analysis that ETH had formed a head and shoulders pattern that could breakout eyes $300.  The said analysis stated that there is a possible sideway movement from eth because of the $235 resistance.

Note:

Besides the support at $230, the 61.8% Fibonacci level, taken between the last swing high of $228.22 to a swing low of $117.19 will protected the price from retesting $220 and $210 buyer congestion areas. Other key levels to watch out for are the 50-day SMA, the 50% Fibo at $200 and the primary support at $180.

Souce: https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-analysis-eth-usd-head-and-shoulders-pattern-breakout-eyes-300-202002280510

[trauchot]

Now the whole cryptocurrency market is falling very fast and there is nothing to be done, because manipulators controlling the cryptocurrency market and will control it, but we just have to wait and hope that the cryptocurrency market will start to grow again soon and Ethereum will also start to grow in price.

[Kasabus]

Now the whole cryptocurrency market is falling very fast and there is nothing to be done, because manipulators controlling the cryptocurrency market and will control it, but we just have to wait and hope that the cryptocurrency market will start to grow again soon and Ethereum will also start to grow in price.

Not just Ethereum alone, but the whole crypto coins are starting to dump their prices but i don't think we all have to worry. What is happening now is very normal for an unpredictable market that suddenly pump or dump its crypto value. The best thing to do now is just be patient in holding our coins because if we decide to sell them, we will surely lose the profits that we are expecting.

[AliMan]

Now the whole cryptocurrency market is falling very fast and there is nothing to be done, because manipulators controlling the cryptocurrency market and will control it, but we just have to wait and hope that the cryptocurrency market will start to grow again soon and Ethereum will also start to grow in price.

Not just Ethereum alone, but the whole crypto coins are starting to dump their prices but i don't think we all have to worry. What is happening now is very normal for an unpredictable market that suddenly pump or dump its crypto value. The best thing to do now is just be patient in holding our coins because if we decide to sell them, we will surely lose the profits that we are expecting.

How long can we handle pressures and frustrations behind that patience. This is taking more deep and serious right now, and I don't know when this recent situation took place on my priorities because we aren't sure if eth holders will remain strongly motivated after experiencing such downfalls. As you said, the whole crypto world has been affected then there's a perfect time to consider corrections and after that recovery moment is expected to happen.

[gensol]

 Not just Ethereum price, every token and coin took a bearish trend following the secs ruling on ETF Ethereum was hit hard as well as other tokens.

[Crypto5060]

I'm really surprised by how much ethereum has lost in the past days. A drop in price is to be expected but I didn't expect the sudden drop in price from almost 300 to almost 200.

[torrantz]

I'm really surprised by how much ethereum has lost in the past days. A drop in price is to be expected but I didn't expect the sudden drop in price from almost 300 to almost 200.

When something happened related to the big bad news and that will bring the price to go to the bottom instantly. We have seen the price of ethereum got a big drop from 1k to the only 300.
This happens when something big affected crypto and that makes so many people wanna cashing out their money.

[Rosilito]

I'm really surprised by how much ethereum has lost in the past days. A drop in price is to be expected but I didn't expect the sudden drop in price from almost 300 to almost 200.

Neither bitcoin is however it stays quite long at $9k to almost $10k and it did even hit $10k then drops. As I see ethereum price has been likely influenced by bitcoin, IMO. Besides if we were to look on a bigger picture here it might be that people are to expect that it won't reach $300 as it going sideways little by little that's why they took the opportunity to withdraw their money back since it just got risen by beyond $200 upto almost $300 by a span of one week, so people who buy below $200 took their opportunity at eth decent price so when it drops, continuously people would tend to withdraw back as well that will lead to continues pull down of price.