Will ETH Hit $6K this week?

[elisabetheva]

just hit renewable ATH $4,356.99 - May 12, 2021 finally what all observers expected is far from the reality, there has been a big correction starting from bitcoin finally everything is no exception with ethereum which is -41.8% of its last ATH.

all sourced from social media that preaches a barrage of bad news from @elonmusk and bitcoin is banned in china. none of them were able to stop themselves from immediately taking rescue actions which actually made the stock market fall apart.

now slowly after bitcoin has stabilized in price for almost a month, starting to crawl slowly but this won't take long, because there will be several more corrections before bitcoin is really tough to dammed be able to move up, unfortunately ethereum has not shown any movement at all and always too late.

it will take more time to achieve what is expected but remain optimistic that the price will pass before the end of this year.
remember that the alt season is still not over and rest assured of that.

[Benefactor]

Individuals begin to sell their coins from one side of the planet to the other. The best way to get away from this awful circumstance is the assistance of institutional financial backers. his is exceptionally troublesome for sure as we are as yet not certain later on it's anything but a full recuperation back to for BTC however it doesn't preclude the likelihood that there are in every case a few conditions that help an abrupt increment.

[CapGelatik]

no one can predict the crypto market, ETH was indeed at 4000$, but the market fell and ETH is now at 2200$, but of course it is possible that ETH will rise again and touch 6000$

The crypto market is really very volatile and it is difficult to predict it,
if you look at the current market conditions I think it's quite difficult to see the price of ethereum can go up and of course other coins are also experiencing the same thing,
clearly I don't think the price will go up in the near future

[CutePanda]

I think we don't need to panic and worry too much, of course every week there will always be a short correction that occurs, it's just that altcoin prices can decline like this due to very irresponsible tweets from Elon Musk, but we must remain calm and don't panic.

[CutePanda]

in my opinion, it looks like for this week there is still very little chance for ETH to reach and skyrocket back to $6k, because all altcoins are still weak.
what we can do now is just wait until the market is stable again and at least BTC reaches $40-50k

[livingfree]

in my opinion, it looks like for this week there is still very little chance for ETH to reach and skyrocket back to $6k, because all altcoins are still weak.
what we can do now is just wait until the market is stable again and at least BTC reaches $40-50k

Yes, the chance had become lower when the price of Ethereum decreases over time.

$6k is a price that we've thought is going to keep on going but we're all wrong with that. The price kept on dropping and we're too hopeful that the bull run for Ethereum is going to continue.

But I'm still believing that when another bull run comes, $6k is going to be a price that will be reached and eventually surpassed by Ethereum.

[btc78]

ETH breaks above $4.1K Rocket with an increasing rate of 6.45%.
Join Bex500 https://www.bex500.com/
If Ethereum hits $6K this week, we will send out $10,000 to 10 lucky users who trade ETH perpetual contracts in Bex500 this week.

More than 1 1/2 month after asking this and that is NO , i think DEV should locked this thread as it is being spammed now and then when the purpose had already done for this thread.

I think we don't need to panic and worry too much, of course every week there will always be a short correction that occurs, it's just that altcoin prices can decline like this due to very irresponsible tweets from Elon Musk, but we must remain calm and don't panic.

https://coinmarketcap.com/currencies/ethereum/ <<<<<<<<<<<<<<<<<<< Here's the movement of Ethereum now .

this sounds a way to panic from those who invested when the price is still2k and above looking for this 5-6k increase that did not happen.

[nomenclatur]

ethereum has not yet reached $6k the market has deteriorated and all altcoins are crashing at an alarming price precisely the market is currently in such a slump that it is very difficult for ethereum to reach $6k price to reach the highest level it needs a passionate market not good to achieve it I'm not too sure if ethereum in the near future the price could reach that far because the bears market is likely to be near the market is already in a negative state.

[leea-1334]

$6k is a price that we've thought is going to keep on going but we're all wrong with that. The price kept on dropping and we're too hopeful that the bull run for Ethereum is going to continue.

But I'm still believing that when another bull run comes, $6k is going to be a price that will be reached and eventually surpassed by Ethereum.

So far, anyway, but I think personally it is still a great price from the old ATH,,, and still 6k is a good long term target which makes ETH a good value buy right now below $2000 -- especially because the bull run has not started yet AND ETH 2.0 is still on the way.

Just exactly how long it will take is the question.

[Smitty Werben Man Jensen]

ethereum has not yet reached $6k the market has deteriorated and all altcoins are crashing at an alarming price precisely the market is currently in such a slump that it is very difficult for ethereum to reach $6k price to reach the highest level it needs a passionate market not good to achieve it I'm not too sure if ethereum in the near future the price could reach that far because the bears market is likely to be near the market is already in a negative state.

We need to be realistic if looking at the current market conditions, it is certainly very difficult to see ethereum reach a price of $6k,
i don't think i will achieve that in the near future,
who clearly hopes that the market can recover soon so that later it will be followed by an increase in coins

[livingfree]

$6k is a price that we've thought is going to keep on going but we're all wrong with that. The price kept on dropping and we're too hopeful that the bull run for Ethereum is going to continue.

But I'm still believing that when another bull run comes, $6k is going to be a price that will be reached and eventually surpassed by Ethereum.

So far, anyway, but I think personally it is still a great price from the old ATH,,, and still 6k is a good long term target which makes ETH a good value buy right now below $2000 -- especially because the bull run has not started yet AND ETH 2.0 is still on the way.

Just exactly how long it will take is the question.

Yes.

The price is still up and good from the past ATH that it had in 2018. Although its huge difference from this recent ATH makes people think that the current price is low.

Well, that's how mostly deal with it.

[leea-1334]

Yes.

The price is still up and good from the past ATH that it had in 2018. Although its huge difference from this recent ATH makes people think that the current price is low.

Well, that's how mostly deal with it.

I think people who have been in the crypto space for a while by now should know that if your coin can hold from 50% of ATH (which is about where ETH is now) then it is actually a good sign already. I think sellers hurt the market now but this is only short term,,, and unfortunately people are not willing to wait the time out. Or maybe it is fortunate,,, for us:)

[Botnake]

Yes.

The price is still up and good from the past ATH that it had in 2018. Although its huge difference from this recent ATH makes people think that the current price is low.

Well, that's how mostly deal with it.

I think people who have been in the crypto space for a while by now should know that if your coin can hold from 50% of ATH (which is about where ETH is now) then it is actually a good sign already. I think sellers hurt the market now but this is only short term,,, and unfortunately people are not willing to wait the time out. Or maybe it is fortunate,,, for us:)

The correction would always hurt the market if we have unrealistic expectations. It's hard to expect that the price will just continue to move uptrend because it's not the normal of crypto, the norm is it's very volatile, which means we will see a pump and dump scenario anytime. Investors will not worry if they do understand how the market behaves, they'll always find an opportunity, whether to buy or sell.

[Maslate]

Yes.

The price is still up and good from the past ATH that it had in 2018. Although its huge difference from this recent ATH makes people think that the current price is low.

Well, that's how mostly deal with it.

I think people who have been in the crypto space for a while by now should know that if your coin can hold from 50% of ATH (which is about where ETH is now) then it is actually a good sign already. I think sellers hurt the market now but this is only short term,,, and unfortunately people are not willing to wait the time out. Or maybe it is fortunate,,, for us:)

The correction would always hurt the market if we have unrealistic expectations. It's hard to expect that the price will just continue to move uptrend because it's not the normal of crypto, the norm is it's very volatile, which means we will see a pump and dump scenario anytime. Investors will not worry if they do understand how the market behaves, they'll always find an opportunity, whether to buy or sell.

As a matter of fact, people will come and invest even though they know that the market is so volatile. They had found themselves the willingness to takes risks as the returns it huge (if possible). Yet, they never think about losing in the first place.
Market corrections mean a lot for the investors and they consider this as a great opportunity to buy and waiting for it to recover in order to make money. This is crypto investment works, this the life to be. If we can't understand the way it works, literally we end up pretty quick and lose our money.

[Raflesia]

The correction would always hurt the market if we have unrealistic expectations. It's hard to expect that the price will just continue to move uptrend because it's not the normal of crypto, the norm is it's very volatile, which means we will see a pump and dump scenario anytime. Investors will not worry if they do understand how the market behaves, they'll always find an opportunity, whether to buy or sell.

As a matter of fact, people will come and invest even though they know that the market is so volatile. They had found themselves the willingness to takes risks as the returns it huge (if possible). Yet, they never think about losing in the first place.
Market corrections mean a lot for the investors and they consider this as a great opportunity to buy and waiting for it to recover in order to make money. This is crypto investment works, this the life to be. If we can't understand the way it works, literally we end up pretty quick and lose our money.

Newcomers will draw their conclusions when the correction occurs even though it is still fluctuating they will still take positions and hold it in the long term, for now it is clear they don't want to lose seeing prices that are still up and down that cannot be predicted, so there they will buy and hold on longer for the good of the future market.

The way their old investors already know the rules of the game now even I have noticed this movement several times every time bitcoin falls to the $30k range then investors will buy and will definitely bounce again in a few days, this can be seen now that bitcoin corrects and bitcoin bounces back This $34k is a pretty decent profit for investors if the way to play is still like this.

[livingfree]

Yes.

The price is still up and good from the past ATH that it had in 2018. Although its huge difference from this recent ATH makes people think that the current price is low.

Well, that's how mostly deal with it.

I think people who have been in the crypto space for a while by now should know that if your coin can hold from 50% of ATH (which is about where ETH is now) then it is actually a good sign already. I think sellers hurt the market now but this is only short term,,, and unfortunately people are not willing to wait the time out. Or maybe it is fortunate,,, for us:)

We're fortunate that we've held it for quite a while.

Okay to sell some and to wait for sometime and add more if it's possible. Those who believes that Ethereum will soar back again will just hold and wait for it.

While the panic sellers, they don't know what to do and they're just going to watch us taking profits when it's already high. 

[leea-1334]

I think people who have been in the crypto space for a while by now should know that if your coin can hold from 50% of ATH (which is about where ETH is now) then it is actually a good sign already. I think sellers hurt the market now but this is only short term,,, and unfortunately people are not willing to wait the time out. Or maybe it is fortunate,,, for us:)

The correction would always hurt the market if we have unrealistic expectations. It's hard to expect that the price will just continue to move uptrend because it's not the normal of crypto, the norm is it's very volatile, which means we will see a pump and dump scenario anytime. Investors will not worry if they do understand how the market behaves, they'll always find an opportunity, whether to buy or sell.

Unrealistic expectations literally defines crypto people unfortunately:) We have the extremes on both ends. Those who say Bitcoin will die and go to zero,,, others who say it will replace fiat entirely (both I personally think are wrong).

And can you blame them? It was never "realistic" for a currency to go from zero to $60k in 11 years!

[lepbagong]

Unrealistic expectations literally defines crypto people unfortunately:) We have the extremes on both ends. Those who say Bitcoin will die and go to zero,,, others who say it will replace fiat entirely (both I personally think are wrong).

And can you blame them? It was never "realistic" for a currency to go from zero to $60k in 11 years!

I don't think it's easy to reverse the facts that happened easily, especially regarding something that has been carried out for a long time. I agree with your opinion that saying something is easy but realistically it is not and is it possible !!

like bitcoin will die and replace fiat, it seems like an easy thing to do but the fact it will not be easy to happen, all can say but whether the statement can be accepted with a clear understanding. it took a long time for bitcoin to become like this and suddenly have to die, whereas many people are still investing in bitcoin, which indicates that there is still a market available for bitcoin.

as well as replacing the role of fiat, it will not be easy to do because the system alone is different and impossible to put together but it is very possible to fill in each other's voids from each other's shortcomings.

[LUCKMCFLY]

This time ETH has a better vision of recovery, in the chart of 4horas looks like a candle in green and the volume is somewhat stronger, this is advantageous since it is an indication that the bulls are taking more prominence while the BTC market is still developed , If the BTC goes up, we could see ETH again at $ 2k, $ 2.5K.

However, it made a swift recovery in just one day as it again retested the $1988-level and flipped it back to support.

With the appearance of green candlesticks on the 4-hour chart of ETH, the prevailing trend was slightly bullish. This corresponded with the Parabolic SAR’s white dots that appeared below the candlesticks on the chart.

Source: https://ambcrypto.com/ethereum-cardano-solana-price-analysis-23-june/

For now we could expect the best for ETH if this behavior follows, it is necessary to remember that ETH is always growing faster than BTC, if BTC recovers 10%, ETH could recover up to 20% or more.

[ene1980]

For now we could expect the best for ETH if this behavior follows, it is necessary to remember that ETH is always growing faster than BTC, if BTC recovers 10%, ETH could recover up to 20% or more.

But if you look at the charts in the past 24 hours, Bitcoin recovered 3.69% while Ethereum was able to recover only 1.92% while even Dogecoin made a 12.51% recovery. So it is not that easy to predict and come to a conclusion that whenever there is a recovery in Bitcoin, ETH would naturally recovers much better than Bitcoin or any other coin.