Ethereum Rebounds as Bitcoin Holds Steady

[Chainsmokers]

nothing seems appealing to ethereum Ethereum prices are very difficult to climb high and the movements in the market just make me sick, i don't know when ethereum is back up again especially with the high cost of GAS a lot of people run, using the ethereum platform and it will have a negative impact on ethereum

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[arwin100]

nothing seems appealing to ethereum Ethereum prices are very difficult to climb high and the movements in the market just make me sick, i don't know when ethereum is back up again especially with the high cost of GAS a lot of people run, using the ethereum platform and it will have a negative impact on ethereum

It same goes with bitcoin and if you see the price for the past couple of months you can see the price really stretch up at this moment, although we got some several bad dumps but still the price of ethereum is bit ok by now. It has a good movement for day tradings and we can earn with it so I still see ethereum as worthy and a good option to trade.

[MCobian]

We must be optimistic if we see the increase in the price of Bitcoin today, imagine a few days ago Bitcoin was only at a price of $ 10,300.
And now Bitcoin has gone up to $ 10,700. A rise in Bitcoin of around $ 400 is a good sign, usually followed by a rise in altcoins. So I believe
Ethereum will be able to return to $ 400 this week.

[yohananaomi]

We must be optimistic if we see the increase in the price of Bitcoin today, imagine a few days ago Bitcoin was only at a price of $ 10,300.
And now Bitcoin has gone up to $ 10,700. A rise in Bitcoin of around $ 400 is a good sign, usually followed by a rise in altcoins. So I believe
Ethereum will be able to return to $ 400 this week.

many possibilities could occur because there is still a long time for bitcoin to move to go up, so several times bitcoin has increased and fell again. but that will not make bitcoin will lose confidence to rise again only there is still a long time to go to the end of this year. all altcoins will also experience the same as with bitcoin and ethereum is no exception.

if bitcoin returns to go back to $ 12K then you can bet ethereum will also increase and $ 400 can easily be reached. Everything now depends on bitcoin and it doesn't look like there is a good and independent move from altcoin, it all depends on bitcoin.

[kotajikikox]

The Trend seems like turning back into Bitcoin because since yesterday Bitcoin is staying green While ethereum is still Bloody

https://coinmarketcap.com/

Anyway does the DeFi projects still Kicking good?or starting to fade and reveal whats the true behind the Hype?

Pollkadot is less bad than ChainLink though Both of them are reddish Yet LINK is now down at %10 and from 19$ now sitting at $10 and still dropping.

So wondering whats the Sentiments of those Who believe on these currencies?

[hulla]

The Trend seems like turning back into Bitcoin because since yesterday Bitcoin is staying green While ethereum is still Bloody

https://coinmarketcap.com/

This is expected ever since some whales moved their ETH to exchange site according the information provided by whales alert in the below links and it could intentionally to sell the ETH to buy BTC during the dump
https://whale-alert.io/transaction/ethereum/0cd04823e63ce5a2258585567eda444ae26449c66df636d70fa5f675cd5f9989
https://whale-alert.io/transaction/ethereum/7bd542511a496a05e4cf808fd0fa1d65e28db723281f1721c2149d1f88bb4323

Anyway does the DeFi projects still Kicking good?or starting to fade and reveal whats the true behind the Hype?

Pollkadot is less bad than ChainLink though Both of them are reddish Yet LINK is now down at %10 and from 19$ now sitting at $10 and still dropping.

So wondering whats the Sentiments of those Who believe on these currencies?

It will be next year before the hype about Defi project will end and it can even be more if the project owners are able to manipulate the market. However, I believe the whales are also behind the dump in price the two projects because they are the major player now.

[jrrsparkles]

Is anyone actively following the price action on bitcoin lately? Since the decline from ~ $12K levels, everyone was so sure that the CME gap at $9.6K would get filled. After Bitcoin stabilized for about a week above $10K, Its now testing new resistance levels and filled the other gap at $10.6K. Suddenly, Everyone is no longer bearish and turned bullish.

Anybody thinks we would have a leg down below $10K anytime soon? Would appreciate a response from either a technical or fundamental standpoint. What about Alts?

Currently the whole crypto market seems bearish other than bitcoin, there is an appreciable gain on Bitcoin's price in the last 24 hours and on the move of reaching $11k, which shows those Hype of Defi is getting over and people started to move their funds to better coins.

[Cnut237]

ETH's recent rise has been caused by two things, expectation of the move to 2.0, and a lot of FOMO about DeFi. The key contributor to price volatility here is the FOMO. It's reminiscent of the ICO craze of 2017. Whilst this does mean that prices can rise dramatically, it also means that any negative DeFi news can cause a dramatic drop, too. That's what's happened here. Long-term, ETH still looks great, and DeFi certainly has a lot of potential. But we must remember that sudden large price increases are often followed by equally dramatic pullbacks.

[maydna]

Is anyone actively following the price action on bitcoin lately? Since the decline from ~ $12K levels, everyone was so sure that the CME gap at $9.6K would get filled. After Bitcoin stabilized for about a week above $10K, Its now testing new resistance levels and filled the other gap at $10.6K. Suddenly, Everyone is no longer bearish and turned bullish.

Anybody thinks we would have a leg down below $10K anytime soon? Would appreciate a response from either a technical or fundamental standpoint. What about Alts?

Currently the whole crypto market seems bearish other than bitcoin, there is an appreciable gain on Bitcoin's price in the last 24 hours and on the move of reaching $11k, which shows those Hype of Defi is getting over and people started to move their funds to better coins.

Bitcoin can't increase higher, but it is at the sideways trend. We hope that will not stay like that too long, but there is a chance to see the bitcoin price will be like that for the rest of this week. Meanwhile, the altcoin is getting down too, and some of the altcoins drop deeper. The Defi tokens seem to follow the bearish trend because I see yfi and yfii are getting down. But we don't know if the Defi trend will be over soon or continue the uptrend, but we will see it later.

We can hope that the crypto market will be back to the higher price, and I am sure that soon, bitcoin price itself will break $11k because we almost see that price.

[lienfaye]

What a stressful week, bitcoin is down and altcoins are in a big panic. Ethereum which was going towards $500 failed and fell back below $400. When bitcoin becomes calm and stable, it is a moment for altcoins to recover but only a little and just waiting for bitcoin to rise or continue to fall

Well thats how it goes, crypto is high volatile so its normal seeing the price fluctuates. Its better to manage your expectation, we cant assume that the price will continuously increase because it can go down in snap. Nevertheless eth can reach $500 value, who knows it might happen before this year end, nothing is impossible since eth is one of the good coin in the market.

[Cnut237]

Regarding any expectation of large upwards price movement in ETH or any other big coin... I think the biggest driver of prices in the near future will come from outside crypto. The pandemic is still raging, and the economic effects of the lockdown are not yet really being felt... that is all to come. Add to this that we are heading towards northern hemisphere winter, when the expectation is that cases will surge again, and new periods of lockdown cannot be ruled out. When the wider economy suffers, often the first thing people do is to lessen their exposure to risky assets - and crypto certainly falls into that category. I wouldn't be surprised if the coming economic stresses trigger some significant downwards price pressure in crypto.

[geyayy]

What a stressful week, bitcoin is down and altcoins are in a big panic. Ethereum which was going towards $500 failed and fell back below $400. When bitcoin becomes calm and stable, it is a moment for altcoins to recover but only a little and just waiting for bitcoin to rise or continue to fall

With bitcoin bouncing back and moving above 10750$ today it is a good sign that bounce back seems to be on the cards. Thus, with the rise of btc prices, ETH has started to also move upwards and seeing them at 375$ approx which has risen by 3% in last 24 hours. So if btc can cross 11k then we may also see ETH inching close to 400$ mark back again.

I agree, Bitcoin really is making all other coins or cryptos bounce up or down. All we can do is to pray for the whales to invest more and withdraw less. Being volatile in price, we can just either wait for it to pump hard so we can make profits or just dump and hold the coins we have until its pump again. Altcoins will always do great when top coins will stay pumping.

[carlisle1]

nothing seems appealing to ethereum Ethereum prices are very difficult to climb high and the movements in the market just make me sick, i don't know when ethereum is back up again especially with the high cost of GAS a lot of people run, using the ethereum platform and it will have a negative impact on ethereum

are you Joking?ethereum price climbs Up from almost 200$ to almost 500$ in just a 2 weeks time so how come that ETH price is difficult to Climb high?

And also in 2018 ETH starts the Altcoin season By climbing more than $1,400 before other alts starts to rise as well.

[Mame89]

nothing seems appealing to ethereum Ethereum prices are very difficult to climb high and the movements in the market just make me sick, i don't know when ethereum is back up again especially with the high cost of GAS a lot of people run, using the ethereum platform and it will have a negative impact on ethereum

Let's just wait, bro, I'm sure ethereum will never be bad even though the current high transaction costs will greatly affect interest, especially for beginner investors, they will definitely think first, but we need to think positively because behind all this there is a team who of course must be thinking about restore the situation for the better.

[Bezobraznike]

It's true though, Ethereum price will rebound as Bitcoin hold steady, not only Ethereum,
every single altcoin will rise up if Bitcoin hold steady

   Bitcoin is rising too, take a look for yourself! All alt-coins follow Bitcoin price changes, but it's not literally like that!
Alt-coins follow when it comes to big changes in price, when we have big rises and drops. On every day fluctuation we
can't have the same look. Ethereum made few extra points, but that doesn't mean much, people have that habit to make
something from nothing. Don't consider a couple of days as perimeter, take a month or half of the year and you will get what
I mean.

[shoreno]

nothing seems appealing to ethereum Ethereum prices are very difficult to climb high and the movements in the market just make me sick, i don't know when ethereum is back up again especially with the high cost of GAS a lot of people run, using the ethereum platform and it will have a negative impact on ethereum

are you Joking?ethereum price climbs Up from almost 200$ to almost 500$ in just a 2 weeks time so how come that ETH price is difficult to Climb high?

And also in 2018 ETH starts the Altcoin season By climbing more than $1,400 before other alts starts to rise as well.

maybe he wasnt updated and he was stuck on what he sees on the past in regards to eth performance but previously eth has changed  . its price pumped noticeably compare to other coins  .  this is consider as appealing to me but i dont know about him if he isnt convinced with that yet  . the 2018 remarkable event for eth is an old story and we can just disregard it because the topic here is about the recent achievement of eth   . only the transaction fee of eth is a turn off but thatl soon be patch or people will get the hang of it if isnt   .

[Hallmader]

There is nothing to worry about the hard downward movement that we've seen in Ethereum and Bitcoin in the past weeks. There was a bull run but sensing that the price has already climbed higher, those who were able to buy earlier must have though it best to dump while the rising continues. They have surely made a profit already. That must be one huge dump because the price was really falling down very quickly.

But it does not stop the bull run. We are still in the bull run sentiment. Ethereum will be back at $400 soon and BTC at $12k.

[Benefactor]

Bitcoin is the big coin in this crypto market it's proven to all and the whole market coins price level might depends on it and when the price of bitcoin raised then others also been effect much and they might pump as well. Recently bitcoin reached at 12k+ that price is highest price in this year and Ethereum as well been passed 500$ it's price level though the both coins price level goes down and again and there is a possibility of raising the Ethereum where v2.0 will introduce very soon and defi project also might be contribute to raise the price for ETH. Let's see what happen actually.

[Arkann]

It's true though, Ethereum price will rebound as Bitcoin hold steady, not only Ethereum,
every single altcoin will rise up if Bitcoin hold steady

Over the past 24 hours, Ethereum has shown very good results (3%), which even outperform bitcoin (-2%). I believe that this is primarily due to the statement of the developers, who set the next date for the Ethereum 2.0 update for November. Raoul Jordan, who is the Ethereum 2.0 developer at Prysmatic Lab, said November could look very good to launch an update from his point of view.

[Silberman]

It's true though, Ethereum price will rebound as Bitcoin hold steady, not only Ethereum,
every single altcoin will rise up if Bitcoin hold steady

Over the past 24 hours, Ethereum has shown very good results (3%), which even outperform bitcoin (-2%). I believe that this is primarily due to the statement of the developers, who set the next date for the Ethereum 2.0 update for November. Raoul Jordan, who is the Ethereum 2.0 developer at Prysmatic Lab, said November could look very good to launch an update from his point of view.

They have made so many announcements about this that I doubt their statements have any effect on the market anymore, the decrease in the price of ethereum we saw some weeks ago had everything to do with the DeFi hype losing strength and the recovery follows the same reasons, however I do not think we are going to see ethereum reaching the 500 dollar mark as people want it, the hype despite going through a recovery is decreasing in intensity as new DeFi scams come every day and put fear in the hearts of investors all over the world.