ETH also breakout the resistance zone and now trading near $2330

[el kaka22]

The reality is that eth is having time of its life right now with the current situation, even after the fall, why? Because reality is that it dropped to a level where it is much much higher than what it used to be, the price was around 100-150 dollars before all of this bull, now it is over 2k+ even after the fall.

However that is not even the only reason, that is just like every other coin and that means all coins are doing fine (which they do, but not as good as ethereum) because there is even a bigger thing for eth that other coins don't; improvement. Eth will have a huge improvement on gas fee, which will make it cheaper and that will get a lot more people to trade on ethereums chain, and on top of that we are really working on eth 2.0, it is possible that we could see it in a year or so, and that will definitely increase the price a lot, so not only price is high now, but it has constant reasons to keep going up.

[senyorito123]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

After that retest it could be an unpredictable movements which probably raises eth price, when market starts to climb higher. But, it depends on how the response of the demand works everytime fluctuations changes. The potential of ethereum is amazing compared with other following coins, particularly on biggest exchanges, because competition is very tight.

[LUCKMCFLY]

ETH is a currency very dependent on the movement of BTC, if BTC rises in price ETH rises with a large percentage, in fact it rises faster than BTC, the bad thing is when BTC begins to have falls, even in the short term, because the alt it also falls, even in the short term it has touched lower levels of $ 2k:

On the contrary, if the price turns down from the 20-day EMA, the bears will make one more attempt to sink the price to $1,728.74. A break below this support could start the next leg of the downtrend.

Source: https://cointelegraph.com/news/price-analysis-7-14-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

If the ETH bulls start to act there can be a good defense of ETH prices, the alt ones like DOT and UNI are giving a very good price level for ETH, it is like being cautious to support bearish trades.

[BuNga_cute]

With the current market conditions it is very difficult to predict where Ethereum will move and I agree that trading Ethereum is very risky.
It's safer for now holding Ethereum, waiting for the market to recover. Ethereum is undoubtedly the best altcoin, but in the future Ethereum
will overtake Bitcoin I doubt it. Because Bitcoin has a performance and popularity that is very difficult for any altcoins to match, even now
Bitcoin has always dominated the market.

I think, there's no need for ETH to surpass BTC. But carve their own path.
With the upcoming hard fork this August, high likely that it will influence the price of ETH in the market.
ETH has one of the solid teams out there that are continuously innovating their network.
So the possibility of further increasing its current value is pretty high.
It has sustain its price level above 2k despite of the correction happened to btc.

I agree Ethereum doesn't have to obsess over Bitcoin, most importantly until now Ethereum is still the best altcoins and has a large community.
It's all because Ethereum has a good team, therefore Ethereum is one of the old projects that still gains the trust of many investors. It can be seen
that the performance of Ethereum since its release in 2015 until now has increased quite significantly. I agree the imminent hard fork should be able
to push the Ethereum price up, therefore I still hold the Ethereum that I have. Although the price of Ethereum eventually dropped below $2000,
but I believe the price of Ethereum will go up again soon.

[Xinarae*]

For ethereum it is in a much better position than it was years ago the amount of investment is increasing and investors believe the investment is holding on these decentralized applications take advantage of cryptocurrency and blockchain technology. These can be believable meaning that once they are to etherium they will continue to be programmed. These can control digital resources to create new types of financial applications they can be decentralized, which means that no single entity or person controls them.

[leea-1334]

I agree Ethereum doesn't have to obsess over Bitcoin, most importantly until now Ethereum is still the best altcoins and has a large community.
It's all because Ethereum has a good team, therefore Ethereum is one of the old projects that still gains the trust of many investors. It can be seen that the performance of Ethereum since its release in 2015 until now has increased quite significantly. I agree the imminent hard fork should be able to push the Ethereum price up, therefore I still hold the Ethereum that I have. Although the price of Ethereum eventually dropped below $2000, but I believe the price of Ethereum will go up again soon.

Actually,,, I doubt that Ethereum any more looks at Bitcoin, maybe during the 2017 days when people were crazy about Flippening talk and thinking dapps would take over the world but the proof has died down and they understand now Ethereum just needs to take care of business and build and build,,, and keep on building.

More people are bought over, including myself, when they changed their perspective.

[Silberman]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

I do not know what kind of time frame people are using for this information to be relevant, those kind of levels are unimportant as people concentrate on round numbers, this is basic psychology and one of those numbers has been broken recently, ethereum is currently trading below the 2k level and this is dangerous, if it does not go above it then we could find ourselves in bit trouble as people could panic and could begin to sell their coins.

[Review Master]

What's going on with ethereum market which is part of the market cycle! If you are just ether holder accept the loses and hope for the best.

Indeed, it's happening just because of the market cycle and we should accpet the loses as well as it's a great time to accumulate more ethereum when it's on correction market and there is a major event like hardfork in the next month. For longer period of time, ethereum is a great investment option for all. Sooner or later, hodlers will be benefited from ethereum as ecosystem is growing from the beginning and more competitors are now on market.

[sana54210]

I do not know what kind of time frame people are using for this information to be relevant, those kind of levels are unimportant as people concentrate on round numbers, this is basic psychology and one of those numbers has been broken recently, ethereum is currently trading below the 2k level and this is dangerous, if it does not go above it then we could find ourselves in bit trouble as people could panic and could begin to sell their coins.

I believe it is just that extra drop that we have now, bitcoin is near 30k levels as well and with some more drop it may reach to under 30k levels too. I just feel like we are in a drop situation where prices are going down, and it could very well be temporary as always. We have seen price hit as low as 28k on bitcoin and the price managed to reach back to 40k after that, so these things happen and I am fine with it.

What I am not really sure about is the fact that under 2k could be a bit different for ethereum, it is always known that ethereum has a much larger spread, like it went from 1.5k to 80 dollars to nearly 4k, that move by % calculations is a whole lot larger than whatever bitcoin has done so far, sure bitcoin has gone up and down as well but the difference between highs and lows weren't as big. It means ethereum could still have some time to go.

[BigBos]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

well, currently the price of ethereum is back below the price of $ 2k. I'm pretty sure that the current movement of ethereum is heavily influenced by the price of bitcoin. not only ethereum, but also for other altcoins. however, I hope the price of ethereum can get back above the price of $2k again. it might be supported if the bitcoin price can reach above $35k again.

[Chato1977]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

10 days after here we are again >>>>>  https://coinmarketcap.com/currencies/ethereum/  Trading at 18 hundred dollar again , that is 500 dollar drop in just 10 days.

I see so much pressure in all coins as bitcoin still keep being stagnant and struggling to climb back 35,000.

[caffu chino]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

well, currently the price of ethereum is back below the price of $ 2k. I'm pretty sure that the current movement of ethereum is heavily influenced by the price of bitcoin. not only ethereum, but also for other altcoins. however, I hope the price of ethereum can get back above the price of $2k again. it might be supported if the bitcoin price can reach above $35k again.

without that ethereum will go back up to 2k. I'm sure the next few days ethereum will rise again. without having to support the movement of bitcoin, ethereum can do it. the question is whether ethereum is able to do more than that. so far ethereum has touched a resistance point several times, but always turns around again. can never break it to climb higher. I wonder why this is happening.

[michellee]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

well, currently the price of ethereum is back below the price of $ 2k. I'm pretty sure that the current movement of ethereum is heavily influenced by the price of bitcoin. not only ethereum, but also for other altcoins. however, I hope the price of ethereum can get back above the price of $2k again. it might be supported if the bitcoin price can reach above $35k again.

without that ethereum will go back up to 2k. I'm sure the next few days ethereum will rise again. without having to support the movement of bitcoin, ethereum can do it. the question is whether ethereum is able to do more than that. so far ethereum has touched a resistance point several times, but always turns around again. can never break it to climb higher. I wonder why this is happening.

Hopefully, that can happen if the supports can push the price to increase still. But if it's not and the bitcoin price still declines, the ethereum price will go down and maybe it will even be lower than $1,800. This day, the ethereum price is down but at this hour, the price can increase, although it needs to wait for the next few hours. But I am sure the price will break by $2k and still increase higher.

[2tang]

unfortunately it's moving in the opposite direction. rather than trying to break through resistance, but instead moving closer to the support point. and the market situation also puts pressure on the price of eth. that's why eth has decreased.

Yes, that's right, the decline in ETH at this time is generally due to pressure in the market so that ETH looks so difficult to rise and also because Bitcoin has not experienced good price movements lately.

[LUCKMCFLY]

For now, the ETH has a very tight price range towards the bearish trend, the ETH bulls may not come into action because they are with the uncertainty of BTC, at the moment it has dropped a lot in price, some believe that it may reach the 1700usd:

Contrary to this assumption, if the price rebounds off the $1,728.74 support, the bulls will make one more attempt to clear the moving averages. If they succeed, the pair could rally to the downtrend line.

Source: https://cointelegraph.com/news/price-analysis-7-16-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Many are panicking and it is not the idea, what can be done to protect yourself is not to sell and try to resist this time of bearish trend that is in the short term.

[aprilnot]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

well, currently the price of ethereum is back below the price of $ 2k. I'm pretty sure that the current movement of ethereum is heavily influenced by the price of bitcoin. not only ethereum, but also for other altcoins. however, I hope the price of ethereum can get back above the price of $2k again. it might be supported if the bitcoin price can reach above $35k again.

without that ethereum will go back up to 2k. I'm sure the next few days ethereum will rise again. without having to support the movement of bitcoin, ethereum can do it. the question is whether ethereum is able to do more than that. so far ethereum has touched a resistance point several times, but always turns around again. can never break it to climb higher. I wonder why this is happening.

the reason is because bitcoin is not moving up. that's why ethereum and all altcoins can't recover. it's been weeks bitcoin market without a trend, the price always going up and down between 30k-35k creating confusion in the market. This puts pressure on the prices of all altcoins. its impact on ethereum is the current situation. always tried to break the resistance but never succeeded.

[rodskee]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

If we will always believe and Buy the idea of breaking the Said resistance then you will always be a loser .

Who sets these resistance ? as if this is a complex idea , but we all knew that it is only speculative and sets by those who we called "eXPertS"

yes right .. i also see it like that. this is a development shown by eth. if eth is able to solve the problem of high transaction fees, it is very likely that eth will regain the trust of crypto users  today's

It's not that Gwei's transactions on the ETH network are quite cheap at the moment, try visiting the Gwei website or this https://etherscan.io/gastracker site, I think Gwei's transactions are now quite cheap compared to two months ago.

This happens week ago and now look at the price, meaning this has nothing to do with that Cheaper Gwei's transaction fee instead this seems to be another bump from the whales.

[Silberman]

I do not know what kind of time frame people are using for this information to be relevant, those kind of levels are unimportant as people concentrate on round numbers, this is basic psychology and one of those numbers has been broken recently, ethereum is currently trading below the 2k level and this is dangerous, if it does not go above it then we could find ourselves in bit trouble as people could panic and could begin to sell their coins.

I believe it is just that extra drop that we have now, bitcoin is near 30k levels as well and with some more drop it may reach to under 30k levels too. I just feel like we are in a drop situation where prices are going down, and it could very well be temporary as always. We have seen price hit as low as 28k on bitcoin and the price managed to reach back to 40k after that, so these things happen and I am fine with it.

What I am not really sure about is the fact that under 2k could be a bit different for ethereum, it is always known that ethereum has a much larger spread, like it went from 1.5k to 80 dollars to nearly 4k, that move by % calculations is a whole lot larger than whatever bitcoin has done so far, sure bitcoin has gone up and down as well but the difference between highs and lows weren't as big. It means ethereum could still have some time to go.

It is natural for the volatility of ethereum to be higher, after all it has lower volume, it does not have as many holders as the ones we have in bitcoin and its demand can drop massively if there is not an altcoin season going on, something that does not happen to bitcoin, the price of bitcoin keeps approaching 30k more and more and this could be bad news because it may seem we are close to the price of bitcoin breaking that level and if the price of bitcoin drops abruptly then ethereum will fall with it producing new lows.

[justdimin]

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

If we will always believe and Buy the idea of breaking the Said resistance then you will always be a loser .

Who sets these resistance ? as if this is a complex idea , but we all knew that it is only speculative and sets by those who we called "eXPertS"

Resistance is literally the amount of money that is being sold at a certain level, there are people who put exchange orders as "if it reaches this price I will sell" and that is the reason why bitcoin has resistance, and that is not speculative at all, it is literally a data that you can see if you look at any exchange. Same goes for buying and support, "if it drops to this level I will buy" is a thing in the crypto world as well.

Speculation does happen in crypto and that is a reality and we have to handle it by not getting speculated by people, it is just such a great thing to actually make it more easy for you by ignoring crypto worlds speculator "experts". However even all of this, sometimes even I do get hyped about bitcoin and end up buying at high levels, doesn't matter to me because I am a long term buyer but it is definitely something that I still fail to pick up sometimes.

[tvplus006]

the reason is because bitcoin is not moving up. that's why ethereum and all altcoins can't recover. it's been weeks bitcoin market without a trend, the price always going up and down between 30k-35k creating confusion in the market. This puts pressure on the prices of all altcoins. its impact on ethereum is the current situation. always tried to break the resistance but never succeeded.

This is the problem of today's market, that the value of the second coin by capitalization is correlated with the value of BTC. Therefore, at the moment it is very easy to predict the further movement of Ethereum by simply tracking the change in the price of bitcoin. And if the price of BTC goes up rapidly, then all the resistances on the path of ETH will be swept away.