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Author Topic: Sudden Ethereum PUMP!! What is the reason?  (Read 498 times)
MCobian
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July 24, 2020, 11:51:35 PM
 #41

Most likely because the Bitcoin pump is priced at $ 9500, usually like to be followed by several Altcoins. Ethereum is now
shocking all of a sudden pump to the price of $ 281, the target of $ 300 can be achieved in the near future. Another reason
Ethereum pump could be because there will be a testnet from ETH 2.0, whatever the reason, the most important benefit for
Ethereum holders. Hopefully Ethereum until the end of the year can continue to rise, at least it can reach price of $ 500.


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July 24, 2020, 11:58:20 PM
 #42

Little news relative to ethereum is around,few of which is its development and launch of ETH 2.0, other than this is the price pumping of defi. Above all the main reason I see is the price pumping of bitcoin. If there is no price changes with bitcoin, then ethereum might have stayed around $230-$240

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July 25, 2020, 02:38:24 AM
 #43

   Crypto-market is following Bitcoin rise, and in the past few months DeFi projects are
in the rise. Probably this two are the main reasons for Ethereum to rise.
   Ethereum is going to $300, I believe in next months we will see Ethereum breaking that, and just remember it's will not be a top for Ethereum, I wait to see it much higher
in the next year, I look at this as preparation for future bullish days.



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July 25, 2020, 08:03:39 AM
 #44

look like new project that using DeFi concept are creating their new token on ethereum  platform, is very hype now,  that why whale taking advantage to pump the ETH price its mostly like on 2017 when erc-20 is very hype to new project, ethereum price is keep high even the gas price is increase and never go down, for me its very good situation for small trader to buy ethereum and getting some profit from this bullish trend on ETH.

It does feel like 2017 again. DeFi is obviously a big thing, and is creating a lot of excitement... but if the price keeps rising, you do have to start to wonder how sustainable it is.
I do believe in the long-term future of ETH, but for those who are short-term speculators who use alts to increase their BTC holdings, then this is currently a good opportunity to sell some BTC for ETH and then buy back in later.






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July 25, 2020, 08:12:03 AM
 #45

There is a massive rally that happened after the price of the ETH managed to breakout its previous resistance at $250. There is no fundamental reasons here it is basically because of the technicals. The price of eth consolidated in months and to day it formed now a new resistance at $290. Expect that the price will bounce in that area so for those swing traders out there,  you can send an order near at its support level at $250. The price moves like waves so do not expect that the price will go skyrocket.
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July 25, 2020, 08:47:48 AM
 #46

I don't know the exact reason why ethereum pump but if the reason is definitely because the bitcoin price is also experiencing a pump, maybe another reason is v2.0 which will be released soon

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July 25, 2020, 09:28:24 AM
 #47

Hey guys, after waking up in the morning I saw ETH was at 263$. Currently sitting on the 270$ price. What is the news behind this pump?

Also, are we going to see Ethereum again 300+? What's your thought on this?
I dont find anything new here?because checking the market Bitcoin also pumped though not that big like what ethereum did.

is this about the Ponzi "Forsage"?that make this coin grow because of being used of this company to lure victims invest in their site?

i think there are numerous of usage of this rank 2 currency thats why there is a growth happening these past days now,though Bitcoin is also in good shape pricing $9,500+

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July 25, 2020, 01:07:03 PM
 #48

I don't know the exact reason why ethereum pump but if the reason is definitely because the bitcoin price is also experiencing a pump, maybe another reason is v2.0 which will be released soon
the moments are indeed almost the same. but looking at the BTC market conditions, I think the dominance of BTC which is affecting the increase in ETH is still very strong. news updates that have been postponed in advance I don't think will have too much impact.

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July 25, 2020, 01:34:35 PM
 #49


The situations that we see with ethereum are good, and the movement still at the bullish trend, and I think that is following with bitcoin price. But if bitcoin price is down again, maybe ethereum price will follow to go down, but we hope that the down will not be too deep. So we still need to be careful if we want to buy ethereum and don't forget to analyze the movement before entering the market.
You are right, the current situation is confusing. bitcoin movement looks not much, and there will be a possibility of a decline which of course can affect altcoin. hopefully, that doesn't happen and instead, a higher pump can be seen from bitcoin.

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July 25, 2020, 01:56:05 PM
 #50

I don't know the exact reason why ethereum pump but if the reason is definitely because the bitcoin price is also experiencing a pump, maybe another reason is v2.0 which will be released soon
the main reason is indeed on the topic Ethereum 2.0 and the bullish Bitcoin,
we have passed a long bearish season, it's time for the bullish season, so Ethereum is the key

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July 25, 2020, 02:45:40 PM
 #51

The fact is that all cryptocurrency users understand what benefits Ethereum 2.0 will bring, and therefore I am surprised that Ethereum began to actively rise only in the last few days. The fact is that if staking is fully operational, where Ethereum owners will receive their interest, this will increase the Ethereum deficit in the market, and it is quite possible that Ethereum will go into free float, independent of Bitcoin.

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July 25, 2020, 10:01:55 PM
 #52

The fact is that all cryptocurrency users understand what benefits Ethereum 2.0 will bring, and therefore I am surprised that Ethereum began to actively rise only in the last few days. The fact is that if staking is fully operational, where Ethereum owners will receive their interest, this will increase the Ethereum deficit in the market, and it is quite possible that Ethereum will go into free float, independent of Bitcoin.

yes, maybe ethereum 2.0 is one from many reason, but now the hype on defi token bring more demands on crypto world especially for ethereum my friend
https://cointelegraph.com/news/ether-price-nears-300-as-bitcoin-defi-tokens-fuel-new-bull-run

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July 25, 2020, 10:56:10 PM
 #53

The fact is that all cryptocurrency users understand what benefits Ethereum 2.0 will bring, and therefore I am surprised that Ethereum began to actively rise only in the last few days. The fact is that if staking is fully operational, where Ethereum owners will receive their interest, this will increase the Ethereum deficit in the market, and it is quite possible that Ethereum will go into free float, independent of Bitcoin.

yes, maybe ethereum 2.0 is one from many reason, but now the hype on defi token bring more demands on crypto world especially for ethereum my friend
https://cointelegraph.com/news/ether-price-nears-300-as-bitcoin-defi-tokens-fuel-new-bull-run
The defie projects continuously becomes the trend in the market. In fact, even Justin Sun did not want to late for the developments under defi projects. Anyway, the ethereum 2.0 is  approaching. Many speculations are being generated and FOMO spreads to the entire community of crypto. At last, my long term hold coin gradually flying high. Hoping it meets the all time high soon as ethereum 2.0 launches.

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July 25, 2020, 11:20:54 PM
 #54

The fact is that all cryptocurrency users understand what benefits Ethereum 2.0 will bring, and therefore I am surprised that Ethereum began to actively rise only in the last few days. The fact is that if staking is fully operational, where Ethereum owners will receive their interest, this will increase the Ethereum deficit in the market, and it is quite possible that Ethereum will go into free float, independent of Bitcoin.

yes, maybe ethereum 2.0 is one from many reason, but now the hype on defi token bring more demands on crypto world especially for ethereum my friend
https://cointelegraph.com/news/ether-price-nears-300-as-bitcoin-defi-tokens-fuel-new-bull-run
The defie projects continuously becomes the trend in the market. In fact, even Justin Sun did not want to late for the developments under defi projects. Anyway, the ethereum 2.0 is  approaching. Many speculations are being generated and FOMO spreads to the entire community of crypto. At last, my long term hold coin gradually flying high. Hoping it meets the all time high soon as ethereum 2.0 launches.

Geenerally, holders of ETH are looking forward to the ATH, hoping to see where it is going hit. The envisaged update for ETH is now a propeller and that is the only thing that is currently steering the entire market. This has been said for a very long time, but see the effect manifesting now
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July 25, 2020, 11:25:14 PM
 #55

And the pumped continues.... Cheesy Cheesy Cheesy

https://coinmarketcap.com/currencies/ethereum/markets/



ETH now reached over $300, I guess we will see a FOMO soon?
Yeah, this is the time altcoins investors are waiting, after years of struggle, it looks like ETH is about to rise and recover its old price big time.
I can already imagine how the other altcoins and ETH tokens would react on this consistent price increase of ETH.

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July 26, 2020, 06:45:35 PM
Last edit: July 26, 2020, 11:57:29 PM by Eddyc
 #56

It was 3 days after the topic and Ethereum exceeded $300 and in my opinion there is no bomb, but a monitoring of the market appreciation and this derives from Bitcoin. Lately I'm commenting a lot on the Ethereum topic and finding a pattern in our comments and opinions and I believe that we are on the right track and alert about the second strongest market today. I hope one day Ethereum will follow its own flow without Bitcoin intermediaries.
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July 27, 2020, 06:48:09 AM
 #57

Hey guys, after waking up in the morning I saw ETH was at 263$. Currently sitting on the 270$ price. What is the news behind this pump?

Also, are we going to see Ethereum again 300+? What's your thought on this?
I hope you buy then and have made significant profits as the market keeps increasing and it seem ethereum is heading towards $400 before the end of this week. We have seen great gains for more than a week now and ethereum is one of the reasons why cryptocurrencies market is gaining at the moment.
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July 27, 2020, 10:58:58 AM
 #58

I don't know the exact reason why ethereum pump but if the reason is definitely that the bitcoin price is also experiencing a pump, maybe another reason is v2.0 which will be released soon
the main reason is indeed on the topic Ethereum 2.0 and the bullish Bitcoin,
we have passed a long bearish season, it's time for the bullish season, so Ethereum is the key
It could be the reason behind the sudden pump in ETH price but maybe blockchain has been approaching it's five year anniversary on 30th July and it could seem possible to be the reason behind all this.
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July 27, 2020, 11:04:21 AM
 #59

Op this moment ETH surpass $300 allready. Conform WorldCoinIndex the price went up with 36% within 7 days, 41% in 30days and 66% in 90days.

There is an article about ETH: Surge in DeFi Activity Causes Ethereum Transactions to Reach Its All-Time High, ETH 2.0 Testnet Launch Coming Soon
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July 27, 2020, 12:07:33 PM
 #60

I don't know the exact reason why ethereum pump but if the reason is definitely that the bitcoin price is also experiencing a pump, maybe another reason is v2.0 which will be released soon
the main reason is indeed on the topic Ethereum 2.0 and the bullish Bitcoin,
we have passed a long bearish season, it's time for the bullish season, so Ethereum is the key
It could be the reason behind the sudden pump in ETH price but maybe blockchain has been approaching it's five year anniversary on 30th July and it could seem possible to be the reason behind all this.
blockchain anniversary ? I just heard this, because usually birthdays are only for Bitcoin, which is January 3, but whatever the reason, the most important thing is happy to see the price of ETH experiencing pump

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