ETH hits $160, after a +11% gainer in the last 24 hours

[matchi2011]

Well, now you can see that the price of Ethereum is completely dependent on bitcoin. I think that you do not need to spend energy and try to understand how the price of Ethereum will work. just watch bitcoin charts. Now this is the main tool that you need to watch

Though they are relevant since bitcoin is the main basis from how we see the market moves, if you are willing to take a closer looks then you'll be able to find situational movement from ETH, there are also time that it will gain value even bitcoin was steady from it's barrier, assess and have a closer observations for you to able to anticipate when to place your position and how you will be able to gain decent benefits.

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[ScamViruS]

And back again at the $150 level. Affter huge dump 11% up nothing if you compare with last carsh. In fact all altcoin with eth depends on bitcoin. If Bitcoin is at the up trend then eth will go up. And if Bitcoin is dumped then eth will dump as well. Currently Bitcoin Analysis is important, before the day trade or short trading. Eth will follow Bitcoin.

[TheAndy500]

And back again at the $150 level. Affter huge dump 11% up nothing if you compare with last carsh. In fact all altcoin with eth depends on bitcoin. If Bitcoin is at the up trend then eth will go up. And if Bitcoin is dumped then eth will dump as well. Currently Bitcoin Analysis is important, before the day trade or short trading. Eth will follow Bitcoin.

The fact that the ETH price follows the BTC price does not happen only now, it has been going on since the beginning of the bear market, which began at the beginning of 2018. In fact, it is now the rule that the BTC price changes first, followed by the other altcoins. However, I think that soon ETH can become much stronger and sepatare its price from the Bitcoin price track. I think this will be the signal that the new altcoin season will start.

[cassavachips]

Of course, it must continue in the future, but there is definitely time to make corrections to come back higher. Now ETH has reached $180

[Cnut237]

+11% gainer in the last 24 hours hitting $160.

The problem with percentage increases is that they are relative. If a coin drops 50% then rises 50%, it doesn't return to its original value, it returns to 75% of that value.
Example: ETH is $100, drops 50% to $50, then increase 50% to... $75.
What I'm saying really is that 11% of current prices is nothing, it's not a big move, particularly in relation to the ATH for the coin, but it is also low in relation to the pre-Coronavirus values. We're talking about a price rise of about $10, that's all.

[Vitalicus]

Of course, it must continue in the future, but there is definitely time to make corrections to come back higher. Now ETH has reached $180

ETH has continued to decline and indeed the price of $200 has not been broken for the past few weeks. I think the epidemic situation is becoming more and more complex and will definitely affect the profitability of investors. For the time being I will restrict investment and only buy when the market becomes more stable as ETH now depends heavily on the price of Bitcoin.

[Sanitough]

Of course, it must continue in the future, but there is definitely time to make corrections to come back higher. Now ETH has reached $180

ETH has continued to decline and indeed the price of $200 has not been broken for the past few weeks. I think the epidemic situation is becoming more and more complex and will definitely affect the profitability of investors. For the time being I will restrict investment and only buy when the market becomes more stable as ETH now depends heavily on the price of Bitcoin.

Bitcoin has to rise $8000 for ETH to at least reach $200, that's going to be the trend since as of now, there's nothing that would hype ETH, everything is based on bitcoin's performance and we are even lucky now that bitcoin is still surviving and slowly recovering.

[CuriousGeorge]

Of course, it must continue in the future, but there is definitely time to make corrections to come back higher. Now ETH has reached $180

As long as ethereum can always bring a good news and the correction can be avoided. Just try to spread the test net that is alive and people will be massively trying to use the POS testnet.
i don't even think if the correction will come shortly. My friend is even tring to be a validator right now.

[kramat]

some time ago bitcoin exceeded 7k but now it is below 7k while ethereum still stands at $ 170, I hope the price will continue to survive and continue to increase if bitcoin returns

[hahay]

It is difficult to say that growth will be sustainable growth, and also we cannot say that the increase is a trap because at this time the pandemic is still unstoppable so that everything will decline and also this crisis will create other difficulties in the world.

[X-ray]

some time ago bitcoin exceeded 7k but now it is below 7k while ethereum still stands at $ 170, I hope the price will continue to survive and continue to increase if bitcoin returns

Bitcoin was always getting a small bump on its price while ethereum growth constantly with the hype that caused by POS update. This trend will remain the same if there was no a good news for bitcoin. Ethereum can do that and it needs more hype news to make more people will try to buy more ethereum as much as they can.

[leea-1334]

Bitcoin was always getting a small bump on its price while ethereum growth constantly with the hype that caused by POS update. This trend will remain the same if there was no a good news for bitcoin. Ethereum can do that and it needs more hype news to make more people will try to buy more ethereum as much as they can.

It has been this painful climb for ETH,,, which is currently trying very hard again to gain $10 territory every few weeks. A bit frustrating for ETH holders I guess, but problem is not many other alts are doing better,,, if at all! This is just a problematic time for crypto but ETH 2.0 testnet coming out not sure why no bull moves.

[Bezobraznike]

Bitcoin was always getting a small bump on its price while ethereum growth constantly with the hype that caused by POS update. This trend will remain the same if there was no a good news for bitcoin. Ethereum can do that and it needs more hype news to make more people will try to buy more ethereum as much as they can.

It has been this painful climb for ETH,,, which is currently trying very hard again to gain $10 territory every few weeks. A bit frustrating for ETH holders I guess, but problem is not many other alts are doing better,,, if at all! This is just a problematic time for crypto but ETH 2.0 testnet coming out not sure why no bull moves.

    Why would little rise every few weeks be a frustrating for Ethereum holders? Maybe it's frustrating for people
who wish to get rich fast and they would like to see faster grows, but not all of us thinks like that! I wouldn't be
a holder if every little drop, or slow rise, affects my mental health.
   Ethereum is recovering slowly, and I think we will not see any significant rise before next year. By that I mean rise
to new ATH.

[Natalim]

    Why would little rise every few weeks be a frustrating for Ethereum holders? Maybe it's frustrating for people
who wish to get rich fast and they would like to see faster grows, but not all of us thinks like that! I wouldn't be
a holder if every little drop, or slow rise, affects my mental health.
   Ethereum is recovering slowly, and I think we will not see any significant rise before next year. By that I mean rise
to new ATH.

If possible we like to get rich here, yes, it could be frustrating to some because in their mentality, then think that crypto is an investment which would give quick return of money. Actually there are investors who invested during at peak and are still holding now, hoping that one day ETH will rise again and that's the time they will sell, and I also believe it's possible but it might just take time, so we have to be patient.

[Farma]

It is difficult to say that growth will be sustainable growth, and also we cannot say that the increase is a trap because at this time the pandemic is still unstoppable so that everything will decline and also this crisis will create other difficulties in the world.

even, for now, ethereum prices have stabilized again at $ 160- $ 175, and the price is only at that level. however, the increase that occurred some time ago was due to an increase in the price of bitcoin. for now, I'm also pretty sure that the price of ethereum will continue to rise with the increase in the price of bitcoin.

[michellee]

It is difficult to say that growth will be sustainable growth, and also we cannot say that the increase is a trap because at this time the pandemic is still unstoppable so that everything will decline and also this crisis will create other difficulties in the world.

The recent up trend can be a bull trap so its good not to go all in for now and watch out the market closely. We know ETH is a good one but the market is still recovering and we might see a lot of corrections and dump before the real pump. I still see a $130 with ETH and that can happen this month.

If that happens, I will make sure to buy more ethereum although I know that it will not easy for me to buy at the right time. Hopefully, the price will not go down too far so we don't have to be worry because if the price drops, many people can panic at that time. Although if the price drop can be our chance to buy at the lower price, it will need time before the price can be back to the higher price.

[Cnut237]

CV-19 hit the traditional markets hard, and hit crypto hard too. I think we can be confident that once we come out of this, all of crypto will bounce back. But ETH does look too low not just against fiat but against other coins as well. Percentage increases at the moment may be quite misleading as it is against such a low base... but I am very confident that ETH, particularly with the move towards 2.0, can recover very strongly. Current prices are not much more than 10% of the ATH. And whilst 2017 was a bit overheated, the fact remains that ETH has a tremendously strong use case, and has been battle-tested in a way that most other cryptos have not.

[davidroux]

It is difficult to say that growth will be sustainable growth, and also we cannot say that the increase is a trap because at this time the pandemic is still unstoppable so that everything will decline and also this crisis will create other difficulties in the world.

The recent up trend can be a bull trap so its good not to go all in for now and watch out the market closely. We know ETH is a good one but the market is still recovering and we might see a lot of corrections and dump before the real pump. I still see a $130 with ETH and that can happen this month.

If that happens, I will make sure to buy more ethereum although I know that it will not easy for me to buy at the right time. Hopefully, the price will not go down too far so we don't have to be worry because if the price drops, many people can panic at that time. Although if the price drop can be our chance to buy at the lower price, it will need time before the price can be back to the higher price.

If the price of Ethereum drops to $130, this will be a catastrophic price and could cause the entire market to collapse in a short time. I think this only happens when the Bitcoin price cannot recover and the bear market continues its downtrend. Of course I didn't expect this but covid-19 is getting worse so anything can happen.

[lahiruu]

It is difficult to say that growth will be sustainable growth, and also we cannot say that the increase is a trap because at this time the pandemic is still unstoppable so that everything will decline and also this crisis will create other difficulties in the world.

The recent up trend can be a bull trap so its good not to go all in for now and watch out the market closely. We know ETH is a good one but the market is still recovering and we might see a lot of corrections and dump before the real pump. I still see a $130 with ETH and that can happen this month.

If that happens, I will make sure to buy more ethereum although I know that it will not easy for me to buy at the right time. Hopefully, the price will not go down too far so we don't have to be worry because if the price drops, many people can panic at that time. Although if the price drop can be our chance to buy at the lower price, it will need time before the price can be back to the higher price.

If the price of Ethereum drops to $130, this will be a catastrophic price and could cause the entire market to collapse in a short time. I think this only happens when the Bitcoin price cannot recover and the bear market continues its downtrend. Of course I didn't expect this but covid-19 is getting worse so anything can happen.

I really can't see it dropping to $130 (will be devastated if it does haha). Agree though, with oil now at a negative value I think anything is possible in this COVID-19 situation. Crazy times.

[AbNewton]

If the price of Ethereum drops to $130, this will be a catastrophic price and could cause the entire market to collapse in a short time. I think this only happens when the Bitcoin price cannot recover and the bear market continues its downtrend. Of course I didn't expect this but covid-19 is getting worse so anything can happen.

I really can't see it dropping to $130 (will be devastated if it does haha). Agree though, with oil now at a negative value I think anything is possible in this COVID-19 situation. Crazy times.

Yeah, oil's price went negative is not something everyone could foresee. But i think can't apply it to crypto especially bitcoin having is around the conner. Hopefully, bitcoin having could be some drive for altcoins and ETH in general.