Whales are busy accumulating Ethereum, but Analysts claim it’ll fall.

[Juggy777]

It’s been reported that whales are busy accumulating Ethereum and other crypto’s, but Analysts are also busy claiming that Ethereum prices will tank and I feel those Analysts are wrong. The key reason why I believe those Analysts are wrong is because Reddit is in the process of adopting Ethereum, and due to Reddit’s adoption suddenly millions of Reddit’s users will buy/hodl Ethereum which in turn will shoot it’s prices upwards. What are your thoughts on those Analysts claim, do you think that they’re right and Ethereum prices will actually tank?.

Sources:

https://www.newsbtc.com/2020/05/17/fear-of-altcoin-crash-hasnt-stopped-ethereum-and-erc-20-whales-from-accumulating/

https://decrypt.co/29212/fortnite-players-love-reddits-new-cryptocurrency

https://micky.com.au/reddit-tests-its-own-eth-based-crypto-for-rewards-system/

https://bitcointalk.org/index.php?topic=5240140.0

[1714571803]

1714571803

[1714571803]

1714571803

[kingzpro]

Yeah. Ethereum is an absolute gem right now and i think under 400-500 it would be good entry considering previous highs and if we assume the same kind of bull run like we saw in 2017-18 the experts say eth will reach a peak of around 6k this time around so perhaps the most attractive hold in the market right now is none other than eth.

[tycsols]

Even if eth falls i think it will just be a correction and not serious downtrend and it seems like we are approaching long term trend reversal and it will be confirmed if eth breaks recent highs of 280 and then 350 with good volume and momentum after that i see many green candles to take the price higher.

[VDraci]

Ethereum will tank? Even if this is somekind of FUD it's not going work, this is ethereum we are talking about here, whatever happens will just be a correction, nothing more, if it ever fall that will be an opportunity for people like me who will always buy the dip

[Olaphash]

There will always be analysis, those that will say it's going to tank and those that will say it's going to rise. But a news like reddit adopting ETH will give the price a temporary pump not a permanent one.

[umbara ardian]

Yeah. Ethereum is an absolute gem right now and i think under 400-500 it would be good entry considering previous highs and if we assume the same kind of bull run like we saw in 2017-18 the experts say eth will reach a peak of around 6k this time around so perhaps the most attractive hold in the market right now is none other than eth.

Never believe such bullshit predictions. Looking at the fact, there is no reason to help ETH rise to $ 6000 in the future. Even they could not get past ATH because the ICO was dead, it was the ICO that helped ETH soar in 2017 and 2018.

[hushpupppy]

I think this is one reason why it is stated that we should invest based on our research functions.
To an extent, i would assume that the whales accumulating etherum has done their homework and have valid reasons to accumulate etherum, the analysts can continue to analyse the market, which is their sole job and specifications.

Do what suits your instinct after doing your research, don't be influenced by any 3rd party.

[poodle63]

That's BS to follow what already stated by the analyst. There was a lot of analyzation to the bitcoin market and these analyzations said that the price of bitcoin will go to the 3k and it will not be going back again but the fact that is happening right now is different with the analyzation that has already made by them all.

[Yamifoud]

Don't fall to their claims, they are whales, and they want to play some trick again. They are trying to save their money but not us.
If ever we follow them, should we get assurance from the market? of course not and with the fact that they don't know as well. They are also having their own speculation and because they have that power to change the trend by enforcing us to buy more.
It was a good idea to observe the market movement first before getting in.

[Winscosinally]

Ethereum can fall if bitcoin fails to keep up this is normal, it's not like ethereum will take a huge dive like what happened in March and that was because of the pandemic which makes Bitcoin retreat to 3500$, that can't happen again

[cabron]

Reddit having their own ERC token would be great. Not really a reddit user but I do have an account. So they are taking away those coins they have or will just use the Ether network but still use the same old coin they have?

Its always been seen that ETH will rise up again. If they say it will fall its often to make those who will panic to sell for cheap price aka fud.

[KaratX]

Ethereum will not fall unless Bitcoin falls, all altcoins depends on Bitcoin and if Bitcoin can manage to pull up to its past all time high many altcoins will surge and become profitable for holders, it's better to keep holding your ethereum, it's way better than new coins today

[mahilchii]

ETH always follows BTC and I think it will disappoint us only if BTC price goes down, as far as I know the price of ETH will slowly recover and we cannot expect too much pump.

After a massive rally in 2017, ETH didn't prove it's capability however I still believe it will boom again. I am holding my ETH from many and I will still hold till it reaches my mark..

[meanwords]

Analyst here, analyst there, they always say something that is doesn't even close to coming true. To be honest, with Ethereum going for reddit too, a lot of people or potential investors might get introduced to cryptocurrency which will pump Eth price for a short-term. I'd just stay away from "expert" analyst because they will clog your judgement. Just observe Bitcoin price for now.

[Little Mouse]

Will reddit adopt ETH or come up with a new coin? Not sure really, anyway, I think analyst are wrong too. ETH will rise in near future if your said reddit acceptance is true and there is eth 2 which may change the scenerio of ETH.

[Teraboy]

Will reddit adopt ETH or come up with a new coin? Not sure really, anyway, I think analyst are wrong too. ETH will rise in near future if your said reddit acceptance is true and there is eth 2 which may change the scenerio of ETH.

Those events may bring a huge increase to the ethereum and the result will be the opposite with the speculation that already made by analyst.

So many times the analyst has predicted about the bitcoin movement and mostly their prediction failed. This time these analyst create another speculation about ethereum.

i thought that it's better for them all to speculate for themselves.

[smyslov]

It’s been reported that whales are busy accumulating Ethereum and other crypto’s, but Analysts are also busy claiming that Ethereum prices will tank and I feel those Analysts are wrong. The key reason why I believe those Analysts are wrong is because Reddit is in the process of adopting Ethereum, and due to Reddit’s adoption suddenly millions of Reddit’s users will buy/hodl Ethereum which in turn will shoot it’s prices upwards. What are your thoughts on those Analysts claim, do you think that they’re right and Ethereum prices will actually tank?.

Sources:

https://www.newsbtc.com/2020/05/17/fear-of-altcoin-crash-hasnt-stopped-ethereum-and-erc-20-whales-from-accumulating/

https://decrypt.co/29212/fortnite-players-love-reddits-new-cryptocurrency

https://micky.com.au/reddit-tests-its-own-eth-based-crypto-for-rewards-system/

https://bitcointalk.org/index.php?topic=5240140.0

If whales are accumulating any coin then we have a big reason to get in that coin, Ethereum is a coin that been badly maligned by these so called experts but it continue to be a great investment for investors, now that Reddit is behind it what could possible make Ethereum to go down, many network will soon support Ethereum.

[Lunatic_Pandora]

I'm no whale - but I'm slowly accumulating up to at least 32!

[Anonylz]

Could be they are referring to fall before the rise! Analysts don't just predict off hand it is base on chart that they give their predictions, they are expert in their field (well some of them) but doesn't mean they can't be wrong as well, eth is a top project, if whales are accumulating is probably because of eth 2.0 and there is the reddit news, imo, if eth tank it will give opportunity for buyers to accumulate even more, no cause for alarm.

[SlimShadyMmp]

The Basic truth is to observe the market and then the general markets in the world Is not only ETH or BTC that are businesses and other markets are likely to affect crypto so my guess is price have shot up but then there will be some correction here and there before we move again