ETH’s “top” this market cycle?

[Cryptodaddy05]

Ethereum has “woken” from its long slumber and risen 2.5x (250%) from its price of $400 USD in Sept/Oct 20 to over $1,000 USD in the last few days with a parabolic rise! It seems like only a matter of time until ETH surpasses its ATH from Jan 2018 of $1,450 USD which would be a 3.5x rise (350%) from Sept/Oct, and optimistically I can envisage it’s price rising to $4,000 USD in the ‘altcoin season’ of 2021 that has now started which would be a 10x rise (1,000%) from its price in Sept/Oct 20 for potentially life changing profits if you’re in now! But does anyone think ETH can go to $50K USD as Ivan On Tech predicated quite emphatically yesterday in his daily Youtube broadcast (watch from 9mins in to 10.5 mins) https://youtu.be/QoQyzAekIa8 - which would be an incredible 125x rise (12,500%) from the Sept/Oct price of $400 USD, and a 500x rise (5,000%) from the current price of $1,000 USD as this altcoin bull market of 2021 starts! Was he joking? (he didn’t seem to be), as he high? (umm who knows but he seemed on cue and on the ball orherwise), was he mistaken meaning $5k and not $50K (no he was adamant about this saying first that ETH would definitely go to $20K this cycle which was BTC’s peak in the last cycle, and then after a moments consideration predicting for 15 secs+ that he believed ETH would probably go much higher to 50K+ in this market cycle which would be MORE than life changing and make even the mega-rich envious of the wealth created!💰).

What do others here think of this speculation which seems incredible and unbelievable but who knows - do you think a $50K USD ETH top in this market cycle is crazy talk, or do you think it’s a wildly optimistic possibility with DeFi that’s going to be huge in 2021 running 95% on ETH and with ETH 2.0 offering the promise of massive scalability just in time hopefully to save the day from the “ETH-killers”! Thoughts? ....

[dishku]

After recent spike it looking very clear ETH is ready for ATH in short time of period but hard to predict where it will be this time. Now we have more liquidity and more big investors as compare with 2017/2018 so that only strong would make big profit and traders have no chance to catch the rally as like they are selling.

[bekti3]

What do others here think of this speculation which seems incredible and unbelievable but who knows - do you think a $50K USD ETH top in this market cycle is crazy talk, or do you think it’s a wildly optimistic possibility with DeFi that’s going to be huge in 2021 running 95% on ETH and with ETH 2.0 offering the promise of massive scalability just in time hopefully to save the day from the “ETH-killers”! Thoughts? ....

it's a very optimistic possibility. driven by DeFi under the Ethereum network making it a huge force. In fact, on the other hand, high GAS cannot provide new space for traders to send their Ethereum from hard wallets to exchanges. Just imagine that each transaction would cost a large amount of GAS. this is very troublesome.

[bttmember]

Ethereum has “woken” from its long slumber and risen 2.5x (250%) from its price of $400 USD in Sept/Oct 20 to over $1,000 USD in the last few days with a parabolic rise! It seems like only a matter of time until ETH surpasses its ATH from Jan 2018 of $1,450 USD which would be a 3.5x rise (350%) from Sept/Oct, and optimistically I can envisage it’s price rising to $4,000 USD in the ‘altcoin season’ of 2021 that has now started which would be a 10x rise (1,000%) from its price in Sept/Oct 20 for potentially life changing profits if you’re in now! But does anyone think ETH can go to $50K USD as Ivan On Tech predicated quite emphatically yesterday in his daily Youtube broadcast (watch from 9mins in to 10.5 mins) https://youtu.be/QoQyzAekIa8 - which would be an incredible 125x rise (12,500%) from the Sept/Oct price of $400 USD, and a 500x rise (5,000%) from the current price of $1,000 USD as this altcoin bull market of 2021 starts! Was he joking? (he didn’t seem to be), as he high? (umm who knows but he seemed on cue and on the ball orherwise), was he mistaken meaning $5k and not $50K (no he was adamant about this saying first that ETH would definitely go to $20K this cycle which was BTC’s peak in the last cycle, and then after a moments consideration predicting for 15 secs+ that he believed ETH would probably go much higher to 50K+ in this market cycle which would be MORE than life changing and make even the mega-rich envious of the wealth created!💰).

What do others here think of this speculation which seems incredible and unbelievable but who knows - do you think a $50K USD ETH top in this market cycle is crazy talk, or do you think it’s a wildly optimistic possibility with DeFi that’s going to be huge in 2021 running 95% on ETH and with ETH 2.0 offering the promise of massive scalability just in time hopefully to save the day from the “ETH-killers”! Thoughts? ....

Your analysis is quite good but i think this new all time price is expected to be atleast 10x from previous highs, so you do the math, it is my own opinion and it may fall short or above but it will not stop anytime soon.

[AmoreJaz]

What do others here think of this speculation which seems incredible and unbelievable but who knows - do you think a $50K USD ETH top in this market cycle is crazy talk, or do you think it’s a wildly optimistic possibility with DeFi that’s going to be huge in 2021 running 95% on ETH and with ETH 2.0 offering the promise of massive scalability just in time hopefully to save the day from the “ETH-killers”! Thoughts? ....

it's a very optimistic possibility. driven by DeFi under the Ethereum network making it a huge force. In fact, on the other hand, high GAS cannot provide new space for traders to send their Ethereum from hard wallets to exchanges. Just imagine that each transaction would cost a large amount of GAS. this is very troublesome.

i believe this gas fee problem will be addressed on this eth 2.0. i dont think the eth dev team is sleeping on this bottleneck. because if they will not do anything about it, a lot will go to another network, which are offering much cheaper fees. there are a lot of small crypto users that cant afford those high gas fees.
so i strongly believe the eth team has already rectified this prob or has been working on it. they wont fail their supporters. thats my take on this. so the price surge is really around the corner.

[tabas]

i believe this gas fee problem will be addressed on this eth 2.0. i dont think the eth dev team is sleeping on this bottleneck. because if they will not do anything about it, a lot will go to another network, which are offering much cheaper fees. there are a lot of small crypto users that cant afford those high gas fees.
so i strongly believe the eth team has already rectified this prob or has been working on it. they wont fail their supporters. thats my take on this. so the price surge is really around the corner.

And other projects who are also offering smart contracts will be chosen by others. It's very easy for those projects that leaned to ETHs network to get into another contract from other projects.
Just like Binance, built through ETHs smart contract and then had its own mainnet and then now offers the same feature as Ethereum. I also believe that one concern is the fee and they're making it cheaper once it's fully done but we have to wait for it to happen.

[bekti3]

i believe this gas fee problem will be addressed on this eth 2.0. i dont think the eth dev team is sleeping on this bottleneck. because if they will not do anything about it, a lot will go to another network, which are offering much cheaper fees. there are a lot of small crypto users that cant afford those high gas fees.
so i strongly believe the eth team has already rectified this prob or has been working on it. they wont fail their supporters. thats my take on this. so the price surge is really around the corner.

Yes, my friend, this is a problem that we are experiencing right now, to be honest, as a small trader, we are experiencing problems that have no solution until now. maybe for large investors it is not a problem, because for them they only spend $ 0.1 of what they have. I really hope Eth Dev provides an alternative for all parties to continue to give great confidence in Ethereum.

[DGBfanster]

5000 ATH minimum

At least 3000 by the end of 2021

[desciglio2]

None of these thoughts are not impossible. Ethereum is the 2nd largest among cryptocurrencies. This means that Ethereum will make the biggest increase after Bitcoin. For Ethereum, my forecast for 2021 exceeds $ 3000.

[yohananaomi]

None of these thoughts are not impossible. Ethereum is the 2nd largest among cryptocurrencies. This means that Ethereum will make the biggest increase after Bitcoin. For Ethereum, my forecast for 2021 exceeds $ 3000.

Until now it is true what you say that ethereum is the second largest after bitcoin, and usually when bitoin increases then ethereum automatically follows. but unfortunately ethereum was late in the anticipation because a few months ago bitcoin had increased ethereum could not keep up.

This year ethereum is starting to look to move up even though it is clearly late, but ethereum will be able to stick with bitcoin. If the Halving prediction is true then ethereum reaching $ 3K will be able to exceed and a new ATH will be formed.

[Gozie51]

None of these thoughts are not impossible. Ethereum is the 2nd largest among cryptocurrencies. This means that Ethereum will make the biggest increase after Bitcoin. For Ethereum, my forecast for 2021 exceeds $ 3000.

I think your $3,000 prediction for etheruem is reasonable because of the way the spike and market cap is increasing at the moment. Etheruem increase should not happen to surprise anyone, etheruem is the second biggest cryptocurrency and has moved with bitcoin even the last time. It has been predicted as bitcoin was growing and those who both in are enjoying the bull.

[Oceat]

It's the same thing that happened on 2017 ETH did grow together with Bitcoin during its halving and now it's not surprising since ETH is still doing the same. Whenever Bitcoin is in bullish trends, expect that Ethereum price would follow, I don't know why it happens but I guess traders and investors aren't investing only in Bitcoin but with Ethereum too. No wonder why ETH is always on the second list of top coins in market cap.

[crzy]

None of these thoughts are not impossible. Ethereum is the 2nd largest among cryptocurrencies. This means that Ethereum will make the biggest increase after Bitcoin. For Ethereum, my forecast for 2021 exceeds $ 3000.

We all want to see that price level with the altcoins and especially with ETH but considering how the fees increases every time ETH goes up, its not normal and its too expensive for a cryptocurrency. I hope they work on this one on their updates so we can easily go up without worrying for a higher fees.

[el kaka22]

I said that ETH will be over 1200 dollars in 6 months back in November, and that was just 2 months ago or so, and we are already above 1100 so it is getting more possible that I will be right. Why did I say that? Because of two main things, first of all at the start of November ETH team opened the phase 0 part of the eth 2.0 situation, they needed a lot of people to lock 32 eth validators and that happened very quickly, before December came they were capable of getting all the money they needed, but I didn't know this at the start of November, I just wagered they would.

Secondly they will show how it works, they will show that you will get paid, and how staking will be profitable. Which would make people buy even more, and lastly I think people realized that maybe the eth 2.0 "dream" is not really five years away, it may happen by the end of 2021 or start of 2022, which made them buy even more.

[Pomogator]

I think your $3,000 prediction for etheruem is reasonable because of the way the spike and market cap is increasing at the moment. Etheruem increase should not happen to surprise anyone, etheruem is the second biggest cryptocurrency and has moved with bitcoin even the last time. It has been predicted as bitcoin was growing and those who both in are enjoying the bull.

Compared to 2017, when there was a peak BTC, Ether grew proportionally with it. Eth was also fall with Btc. At a peak Btc of $20k, Ether was around $1.4k. So with a bitcoin rate of 40,000 thousand, Ether should cost at least 2,000 thousand, but this is not the case at the moment. I think this should happen within a month, if bitcoin does not fall. Ether will not grow without Bitcoin's growth.

[Nivia1st]

I think your $3,000 prediction for etheruem is reasonable because of the way the spike and market cap is increasing at the moment. Etheruem increase should not happen to surprise anyone, etheruem is the second biggest cryptocurrency and has moved with bitcoin even the last time. It has been predicted as bitcoin was growing and those who both in are enjoying the bull.

Compared to 2017, when there was a peak BTC, Ether grew proportionally with it. Eth was also fall with Btc. At a peak Btc of $20k, Ether was around $1.4k. So with a bitcoin rate of 40,000 thousand, Ether should cost at least 2,000 thousand, but this is not the case at the moment. I think this should happen within a month, if bitcoin does not fall. Ether will not grow without Bitcoin's growth.

Yes you're right. if btc can break 40k ethereum should be able to go up to 2000. but the reality is different. If seen, maybe the reason is because there are many dapp platforms that are released at this time. imagine that there are many new networks like DOT, Binance, tron, and others. perhaps this also affects the performance of etherum. Besides, 2017 we are at the peak of blockchain development. many new projects were released and on average they were successful. this also contributes to the growth of ethereum.

And now it's different, it's no longer the same as 2017. New projects mostly fail during tokensales.

[cryptonx]

of course ethereum become the TOP in this market cycle my friend
because everyone know if ethereum is the best cryptocurrency after bitcoin, thats mean ethereum will be the 1st altcoins to grow after bitcoin, i believe that

[disconnectme]

I have been reading a lot of posts after Ethereum broke the $1k recently but what people forget to take into consideration is the gas price, the gas price will hold Ethereum back, Ethereum price has not really done well against Bitcoin and if Bitcoin dumps, Ethereum price will follow. Until there is a good solution to this gas price I won't be massively bullish on Ethereum the way others are

[devollito]

If bitcoin van successfully reach $100k in this year, ethereum price could be at $3000 or above it, but i dont think ethereum can make above $5k, it will suffer ethereum user if it reach above $5k due to high gas fees ethereum take.

[South Park]

After recent spike it looking very clear ETH is ready for ATH in short time of period but hard to predict where it will be this time. Now we have more liquidity and more big investors as compare with 2017/2018 so that only strong would make big profit and traders have no chance to catch the rally as like they are selling.

It is very interesting what happened, ETH was only 100 dollars away to be able to set a new ATH and suddenly the price crashed, as we know bitcoin and ethereum are heavily correlated and when bitcoin crashed ethereum crashed even harder, but while this was to be expected this should be worrying as well, when ethereum will begin to move on its own? It is always depending on bitcoin making gains in order to rise in price as well and this kind of dependency in another project is never a good thing over the long term.