Reason Why $ETH sudden jump

[pixie85]

We have to wait and see before rejoicing because if eth breaks 500 only then we can see real breakout before that it is all range trading as recently eth has hit 450 to 480 range so a break above is very important.

I think it should be $420 first, next 450 and 480. If we can break 480 ETH may straight touch 560! It's just my opinion according to chart. All alt pump a lot except ETH since last biggest dump! So there is a good chance of big movement.

It's not even at its 3m high so for now the pump is really small for a news this bigh.

I expect it to at the very least touch the yearly high of 480 USD. If it doesn't it's going to be strange.

The only explanation for ETH not going to 500 would be that BTC is pumping even harder and people are selling all their alts to join the rally.

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[Nhebu]

We don't know what will happen for ethereum price. But I dk believe that this update can give a better chance for ethereum to goes in upward direction. The launch of eth2 will ease the problem when it comes to gas fee which traders and users are complaining in ethereum. Hopefully, it will become better to transfer in ethereum specially when the network is not congested.

[bittick]

It's long awaited ETH 2.0 it's only normal if the price spikes and i'll be more amazed if it doesn't. Also it's been quite the roller coaster for the whole crypto market. But, I doubt its gonna solve the problem regarding transaction fee though but we'll see.

We'll see what will happen, will the gas fee get smaller and the transaction faster?  if yes this will be something good and we are ready to jump or even Dex will be used more like uniswap

Hopefully but honestly still kinda doubtful but I can imagine if more dex will be used. atleast it will give quite the competition to the centralized exchange. But i'm optimistic that a good rally will be here really soon.

[MCobian]

Of course the news related to ETH 2.0 which was finally officially released was a strong reason for the Ethereum price to suddenly pump
above $ 400. Another thing that made Ethereum go up is because the Bitcoin price was also successfully pumped above $ 14,000.
And if you look at the US election results which is likely Joe Biden who will be the next American president, in my opinion, it has an effect
on the price of cryptocurrency which is increasing in price. Although Joe Biden is not a supporter of cryptocurrency, he is not like Trump
who is a Bitcoin hater.

[StephenJH]

The upward movement that Ethereum is showing at the moment is an indicator that has the possibility of reversing direction. due to the reversal movement of this direction is the main key that will break the downward movement pla from the chart. although there is still a little trapped in the consolidation phase, this fundamental moment can be a driver for Ethereum price movements to continue to rise beyond the benchmark line.

I didn't get the true direction of ETH in your post because ETH has been moving upwards for more than 4 months. The price was under $150 months ago but the demand has increased after the rumors of ETH 2.0. The fees decreased a lot on gambling websites which I deposit to balance with altcoins especially ETH. Now the fees are friendly compared to $10 withdrawal fees on the BTC network. Yesterday, one Uniswap trader has messed with the Metamask and spent a $9200 fee for a $120 transaction. I can't put myself ins the shoes of that poor guy and he is worried about the situation by talking about the suicide.

[Kemarit]

But it's still a long way to go though,


https://launchpad.ethereum.org/

Needs more than half a million of ETH to be able to launch the mainnet in December.

So obviously they are still looking for more validators to stake in the network before things get going.

Yes, it jump, but we shouldn't expect a massive pump, it has crossed $400 before and the big mental barrier here is $500 or more.

[uray]

Undoubtedly, today's release of the ETH 2.0 deposit smart contract has caused such a jump in the Ethereum price. I'm glad to see Ethereum evolve step by step.

The evolution took time, either way it is good to see that they are rolling out the most hyped update and we might see a rally because everything is aligning together for a rally in ETH as the price of bitcoin is looking to break the all time higher valuation we might even see a turn of events in ETH after a very very long time.

[alisonwonder]

I think this is the influence of bitcoin price movements that have increased sharply and the ethereum 2.0 project which is said to have a strong influence on Ethereum, so in my opinion, don't let you miss this golden opportunity to take advantage of Ethereum while it is still cheap.

[Iyanjr]

Can we expect a good upward rally from ETH?[/b][/size]

There will be another big announcement in the start of December, be ready for big pump

[Salauddin1994]

Can we expect a good upward rally from ETH?[/b][/size]

There will be another big announcement in the start of December, be ready for big pump

Ethereum's position after bitcoin the price of other currencies in the crypto market increases depending on the price of bitcoin ethereum is in a much better position demand is rising due to rising prices now is a good time to invest. No one can say exactly when the price will go up however prices are likely to rise later this year or in the new year.

[puremage111]

Can someone share information on the current progress of ETH 2.0?

I mean this is merely just a deposit contract right?
How long till the full ETH 2.0 get implemented?

Thanks

[metenjean]

Still not understand what for the upgrade and later advantage of upgrade 2.0, still try to understand how is working later and why the impact this upgrade only make ethereum raise to higher price few hour only. Just Vitalik make many people panic to buy ethereum and then he sells again. We can't trust with owner right now because they looking for many way how to make investor panic to buy their coin and keep going on with higher price but later going down again.

[goaldigger]

Can someone share information on the current progress of ETH 2.0?

I mean this is merely just a deposit contract right?
How long till the full ETH 2.0 get implemented?

Thanks

This is a long process and I think they've already started the update maybe the whole update will end next year, depends on how the team works for it and depends on how the market reacts on this one. But since they've already show some progress, expect its price to slowly pump and be prepared for another altcoin season, this is the most anticipated update on ETH after many delays, let's see this one to succeed because many will benefit on this.

[cryptoaddictchie]

I think ethereum is experiencing a pump not only because of that information but also the influence of the current bitcoin price, now we are guessing, if at any time bitcoin experiences a dump will ethereum stay at its current price?

Half true actually but we cant say that eth doesnt pump on its own. People are skeptical with thr 32eth deposit for eth 2.0. The release is estimated to be on December 1 with millions of dollar locked in. So expect a heavy boost on eth price. Regardless of its continuously delay schedule, I think thats normal actually. We can assume that eth might be trigger with btc but we can onbserved that its hike are more on its fomo news.

[kenelmark]

Still not understand what for the upgrade and later advantage of upgrade 2.0, still try to understand how is working later and why the impact this upgrade only make ethereum raise to higher price few hour only. Just Vitalik make many people panic to buy ethereum and then he sells again. We can't trust with owner right now because they looking for many way how to make investor panic to buy their coin and keep going on with higher price but later going down again.

Every token that has experienced an increase will definitely experience a price decline, regardless of the panic that is deliberately created by the token developer himself, but basically we can see many examples of other Altcoins that have also decreased without any panic, because it will be very easy to get rich. if ETH tokens always go up in price without experiencing the slightest decrease, and the problem of trusting or not with the ETH developer, it comes back to each person, because everyone has a different way of judging this matter.

[SyndicateLabs]

You can look at the CMC to see the ETH chart, i see the price is going up, everything is going very well with this market. ETH2.0 is truly the expectation of those who love it, solving the network scalability will help ETH 2.0 break through when they will do the problems they want to solve on ETH 2.0

[Inkdatar]

You can look at the CMC to see the ETH chart, i see the price is going up, everything is going very well with this market. ETH2.0 is truly the expectation of those who love it, solving the network scalability will help ETH 2.0 break through when they will do the problems they want to solve on ETH 2.0

This is it, the most awaited to happen in ethereum the upgrade of this network. A lot of users who truly holds and still accumulate ethereum as they believe the future of this project. That's true, eth2.0 is the good news were waiting to happen so hopefully this is the start of bullish movement in the market.

[Rowenta]

Yes the news that ETH 2.0 is finally finished and will be released in December is what makes Ethereum stable over 400$, I'm pretty much in confidence that Ethereum will make some altcoins surge after the upgrade get launched in December, so far this is a very good news for the market and investors in general

[BDBitcoinExpart]

Eth block launch. The contract address of Etherium 2.0 was released yesterday. Ethereum developer Vitalik confirmed this on his Twitter. Proof of stake in Etherium 2.0 is set to launch on December 1 Etherium has a much better chance of being a price pump.

[Wysi]

Yes, ETH 2.0 will bring a new revolution and the best thing about this would be that it would add like additional sidekick to other altcoins as well which will have a postive inpact in price of other altcoins which has been lagging nowadays. We might see Ethereum breaking $500 once again within couple of weeks if this release gets appropriate tractions.