Extraordinary performance of ether price

[BTCWALK]

With the arrival of June, Bitcoin has also started to move up. However, the current Bitcoin jump is less strong than the ETH jump. ETH upward trend is pushing the price of this digital currency to new levels, and we will soon see the launch of a new version of ETH.

As the king of digital currencies, Bitcoin rose 8 percent last week to 9 percent in May. The increase came as April saw a 35 percent jump in bitcoin prices.

Compared to Bitcoin, Ether finished last week with a 16 percent increase and was able to finish May with a 12 percent increase. On the other hand, the indicators that are not related to the price of this digital currency also showed acceptable performance.

For example, Glassnode reports that the seven-day moving average (MA7) has reached its highest level in a year in relation to active ETH addresses, setting a record of 337,986 on Sunday.
Over the past two weeks, Ether active addresses have grown by 10 percent. In the same period, active Bitcoin addresses have been reduced by 5%.

In addition, the performance of Bitcoin in May was such that the assets of the traditional index had nothing to say against it. Gold, a safe haven for investors, rose just 2 percent last month. The dollar index fell 0.5 percent during the same period. The S & P500 also rose 4.5 percent.

Analysts expect both Ether and Bitcoin to maintain their current uptrend in the short term. June has always been a month of bullish fish for bitcoin. June this year could also accelerate the jump in bitcoin prices, along with a two-month uptrend. Most likely, the fish will be full of mutations for Ether in June; Because it is close to the new ETH day.

Take a look at the future

Over the past eight years, Bitcoin's performance in June has been positive for six years. Historical data show that bitcoin performance in the second quarter was up six years from eight years ago.

Analysts believe that macroeconomic factors also support the continuation of Bitcoin's uptrend. Matthew Dibb, one of the founders of Stack, says:


Global tensions and uncertainties have risen over the past week, boosting the strength of the scenario that Bitcoin is an alternative investment to protect against the risks of devaluation.

Donald Trump announced on Friday that some Chinese officials are on the sanctions list. On the other hand, some trade exemptions related to Hong Kong were abolished. The move by the US government was repressed by Beijing officials. However, the fire of these tensions may become hotter; Because China is looking to stop importing soy from the United States.

Ether daylight supply is a possible factor in raising prices

In May, there was a lot of positive news about Atrium's new upgrade, which is one of the reasons for the rise in the price of this digital currency.
Buying pressure for the ether can remain at the current acceptable level for a short period of time and continue until the eth 2.0 is launched.
eth new flagship is set to change the network consensus algorithm from proof to work to proof of stock, and will be officially released in the third quarter of this year.

The final word

The day-to-day delivery of ETH encourages more people to stock up on ether, and eventually the entire digital currency market will benefit, and market sentiment will improve.

Please send me your comments. Thanks

[bigcash2011]

It is july here mate and you have posted an old post from june i guess, anyways i fundamentally agree with the point that eth is potentially much more bullish in coming months especially considering the upcoming pos and eth 2.0 launch so i place eth as a high return coin from here on.

[kesmex]

It is july here mate and you have posted an old post from june i guess, anyways i fundamentally agree with the point that eth is potentially much more bullish in coming months especially considering the upcoming pos and eth 2.0 launch so i place eth as a high return coin from here on.

what is your target $ 500 or $ 1000 ?, look at TRX 4.0, Fomo isn't too great, and the increase is only 5 to 10%, I think ETH 2.0 will be like that too.

[Hippocrypto]

It is july here mate and you have posted an old post from june i guess, anyways i fundamentally agree with the point that eth is potentially much more bullish in coming months especially considering the upcoming pos and eth 2.0 launch so i place eth as a high return coin from here on.

This is great news for all holder of eth, and it's been long years that we're waiting for eth to recover to best potential value. Keep on holding every asset that you owned right now and for sure we will be benefited by this decisions, and also for platforms under ethereum which is tokens under it's contract will also be possible to gain a better commendable value sooner.

[batang_bitcoin]

It is july here mate and you have posted an old post from june i guess, anyways i fundamentally agree with the point that eth is potentially much more bullish in coming months especially considering the upcoming pos and eth 2.0 launch so i place eth as a high return coin from here on.

what is your target $ 500 or $ 1000 ?, look at TRX 4.0, Fomo isn't too great, and the increase is only 5 to 10%, I think ETH 2.0 will be like that too.

For TRX, it's not the same anymore. People have learned and everyone became wiser the 2nd time around, not anymore with those hypes that has been brought to the community and potential investors, not again. And for Ethereum, there is a chance that the same thing will happen but it's not the FOMO that we're waiting for ETH but it's the upgrade itself, being POS is what people is looking up to. Everyone who is eligible to stake is waiting to try it and see the passive income that shall come to their balances.

[alani123]

I wouldn't call Ethereum's performance extraordinary. You could pick any timeframe you wanter to present some part of its charts as great performance, but comparison to real financial instruments doesn't stand up here. ETH has huge risk compared to S&P 500 and a year ago it was peaking above 300 USD. It's unstable and there's no notable uptrend as of lately. It still has high correlation with BTC and most crypto too. Nothing extraordinary price-wise. Maybe if you'd want to connect the price to real world events and speculate on that, sure, you could do that. But really crypto also doesn't have much of a connection to real world events.

[leea-1334]

I wouldn't call Ethereum's performance extraordinary. You could pick any timeframe you wanter to present some part of its charts as great performance, but comparison to real financial instruments doesn't stand up here. ETH has huge risk compared to S&P 500 and a year ago it was peaking above 300 USD. It's unstable and there's no notable uptrend as of lately. It still has high correlation with BTC and most crypto too. Nothing extraordinary price-wise. Maybe if you'd want to connect the price to real world events and speculate on that, sure, you could do that. But really crypto also doesn't have much of a connection to real world events.

Yeah I would agree extraordinary is always relative to timeframe. If you want to compare to $6 ETH then yes, amazing. Compare to $90 ETH earlier is also wonderful but most people will compare ETH to ATH which is $1400. Now it is only above 15% of that ATH,,, not very extraordinary compared to Bitcoin at 45%.

[alani123]

I wouldn't call Ethereum's performance extraordinary. You could pick any timeframe you wanter to present some part of its charts as great performance, but comparison to real financial instruments doesn't stand up here. ETH has huge risk compared to S&P 500 and a year ago it was peaking above 300 USD. It's unstable and there's no notable uptrend as of lately. It still has high correlation with BTC and most crypto too. Nothing extraordinary price-wise. Maybe if you'd want to connect the price to real world events and speculate on that, sure, you could do that. But really crypto also doesn't have much of a connection to real world events.

Yeah I would agree extraordinary is always relative to timeframe. If you want to compare to $6 ETH then yes, amazing. Compare to $90 ETH earlier is also wonderful but most people will compare ETH to ATH which is $1400. Now it is only above 15% of that ATH,,, not very extraordinary compared to Bitcoin at 45%.

Relative to time frame for sure. But relative to other crypto, ETH is also not extraordinary. It went through a huge bubble which made its price rise disproportionately to its shorter history in crypto and then it fell down. Alas, not as down as it had started, but still var from its ATH. And as OP likes to compare it to stocks, most top stocks throughout the years have had an average rise in the last few decades. Crypto can't be on that level yet.  As you also note, further from its ATH proportionally than BTC has been too!

[WalkerIVIV]

It is july here mate and you have posted an old post from june i guess, anyways i fundamentally agree with the point that eth is potentially much more bullish in coming months especially considering the upcoming pos and eth 2.0 launch so i place eth as a high return coin from here on.

what is your target $ 500 or $ 1000 ?, look at TRX 4.0, Fomo isn't too great, and the increase is only 5 to 10%, I think ETH 2.0 will be like that too.

You will not know the result of ETH 2.0 until the annual yield that will be implemented already published. We can determine that when how much will be received by stakers. When this makes the starkers look exiting with the annual yield and it will bring more ethereum to be locked.

[distr@yopmail.com]

It is july here mate and you have posted an old post from june i guess, anyways i fundamentally agree with the point that eth is potentially much more bullish in coming months especially considering the upcoming pos and eth 2.0 launch so i place eth as a high return coin from here on.

what is your target $ 500 or $ 1000 ?, look at TRX 4.0, Fomo isn't too great, and the increase is only 5 to 10%, I think ETH 2.0 will be like that too.

You will not know the result of ETH 2.0 until the annual yield that will be implemented already published. We can determine that when how much will be received by stakers. When this makes the starkers look exiting with the annual yield and it will bring more ethereum to be locked.

You are right, the results of the ethereum 2.0 update will be visible years after the update is implemented and run. This update will be seen for the long term, not instant for an increase in the market.

[durilup]

I think at the end of 2021 we can see ethereum more than $10000 per coin . Also ethereum is a great platform where you can create your own token and smart contracts . It has a great future

[ene1980]

With the arrival of June, Bitcoin has also started to move up. However, the current Bitcoin jump is less strong than the ETH jump. ETH upward trend is pushing the price of this digital currency to new levels, and we will soon see the launch of a new version of ETH.

I have seen the rally of ETH in the past and i was really surprised to see a huge rally when it all started and i thought it was the benchmark for all the altcoins but none of the alts never gathered that momentum and i have seen the price coming down as well and the network congestion while the ETH team was always critical of the bitcoin congestion in the past and when they hit that low and saw the hypocrisy themselves they are trying to sort that out and we will see whether they can truly do that when they roll out the update which is hyping for a very long time.

[dunfida]

With the arrival of June, Bitcoin has also started to move up. However, the current Bitcoin jump is less strong than the ETH jump. ETH upward trend is pushing the price of this digital currency to new levels, and we will soon see the launch of a new version of ETH.

I have seen the rally of ETH in the past and i was really surprised to see a huge rally when it all started and i thought it was the benchmark for all the altcoins but none of the alts never gathered that momentum and i have seen the price coming down as well and the network congestion while the ETH team was always critical of the bitcoin congestion in the past and when they hit that low and saw the hypocrisy themselves they are trying to sort that out and we will see whether they can truly do that when they roll out the update which is hyping for a very long time.

Lets see if the hype would just be proven out.Im not saying that this one would be extra ordinary but if we can really utilize its sudden changes or updates then
thats a good thing for the platform but price movement would still matter in community demand if they do see this stuff to be relevant.We cant make out conclusion
until we do see some changes but at least we can presume on it initially.

For people who do tend to put up some eggs on ETH then its their choice but dont expect that much.

[seleme]

It is july here mate and you have posted an old post from june i guess, anyways i fundamentally agree with the point that eth is potentially much more bullish in coming months especially considering the upcoming pos and eth 2.0 launch so i place eth as a high return coin from here on.

This is great news for all holder of eth, and it's been long years that we're waiting for eth to recover to best potential value. Keep on holding every asset that you owned right now and for sure we will be benefited by this decisions, and also for platforms under ethereum which is tokens under it's contract will also be possible to gain a better commendable value sooner.

That is really good news as above mentioned, ETH is my favourite coin, which is more profitable among other altcoins in my mind. But more than that we have been waiting for ETH2.0 for long time. As you said we will make a good profit by ETH investment, but it seems it will take a bit of time. Most ETH holders think that ETH2.0 will affect on the price of ETH and it will start improving. We should be a bit more patient, l hope it will be worthwhile.