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Author Topic: Is this another Ethereum season  (Read 882 times)
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August 06, 2021, 09:30:02 AM
 #41

I believe, this year Bitcoin stopped at $45K, not at $42K.
When you create this thread the price of Ethereum is $2,580, so when I respond to this thread, the price of ETH is $2,771.
From the development of the market, especially Bitcoin and Ethereum, I believe this is the time for Ethereum to prove itself as a top coin that is difficult for other coins to match.
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August 06, 2021, 10:45:08 AM
 #42

As of the time of this thread creation, the Ehtereum price is $2,580, which shows a gain of 3.21%, as the Bitcoin price plumbed to $37 before recovering to above 38k at the moment. This indicates Ehtereum continued to rise in price over the last week when Bitcoin made a $42k stop.
As the Ethereum network prepare for another hard fork on the 5th of this month lots of analyse including myself think that we are heading for another ethereum bull market.
is this the result of the recent ethereum burning? because just because of the event there are many thread arise from ethereum season or altcoin season disregarding bitcoins reaction . but what happened? after the event looks like eth does not reacting what most people pushes since this week.
wondering if that really helps the ethereum gas fee lowering ?
I believe, this year Bitcoin stopped at $45K, not at $42K.
When you create this thread the price of Ethereum is $2,580, so when I respond to this thread, the price of ETH is $2,771.
From the development of the market, especially Bitcoin and Ethereum, I believe this is the time for Ethereum to prove itself as a top coin that is difficult for other coins to match.
what proof are you looking ? ethereum climbs more than bitcoin this whole week.

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August 06, 2021, 11:52:56 AM
 #43

When a person or thing starts attracting attentions one can say it's their season, for example last year it was Bitcoin where all attention was and we saw the price growth, and now it is time for Ethereum. So yes I would say it is Ethereum season, as the team already have updates lined up to achieve, of which the recent London hard fork was a success, at least some Ethereum has been burned to show the update is at work.
Also, with the anticipated ETH 2.0, is another update to pay attention to, therefore you can see that enough attention is being paid on Ethereum now thus we might be seeing another new ATH sooner than later.
Ethereum is currently driving the market which will or already bringing more attention to the space hence another anticipated bull market.

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August 06, 2021, 12:05:03 PM
 #44

Quote
is this the result of the recent ethereum burning? because just because of the event there are many thread arise from ethereum season or altcoin season disregarding bitcoins reaction . but what happened? after the event looks like eth does not reacting what most people pushes since this week.
wondering if that really helps the ethereum gas fee lowering ?
I guess This burn only has an immediate price effect at the moment, but it has increased the sustainability of the long-term growth in value for Ethereum. There is still another major sharding upgrade that could come as early as early 2022. I think until then, the value of ETH will remain anchored in the direction of bitcoin.
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August 06, 2021, 01:01:36 PM
 #45

I believe, this year Bitcoin stopped at $45K, not at $42K.
When you create this thread the price of Ethereum is $2,580, so when I respond to this thread, the price of ETH is $2,771.
From the development of the market, especially Bitcoin and Ethereum, I believe this is the time for Ethereum to prove itself as a top coin that is difficult for other coins to match.
The price seems slow to increase to the high price because right now, the price is at $2,768, which does not increase too high than your price. But we need to be careful because we do not know if the correction will come to ETH in the next hours and make the price down for a while. I see the red candle comes to the market in the daily time frame after the green candle appears for some time. But hopefully, the price will not get down or making a correction instead of still trying to increase more.

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August 06, 2021, 01:32:47 PM
 #46

I believe, this year Bitcoin stopped at $45K, not at $42K.
When you create this thread the price of Ethereum is $2,580, so when I respond to this thread, the price of ETH is $2,771.
From the development of the market, especially Bitcoin and Ethereum, I believe this is the time for Ethereum to prove itself as a top coin that is difficult for other coins to match.
Ethereum has proven that it's a top altcoin, the top of the alts.

Next would be hitting its price to $3k and we don't know how long that it will take until it goes there. But with the London hard fork, it shall happen anytime soon.

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August 06, 2021, 06:15:11 PM
 #47

When a person or thing starts attracting attentions one can say it's their season, for example last year it was Bitcoin where all attention was and we saw the price growth, and now it is time for Ethereum. So yes I would say it is Ethereum season, as the team already have updates lined up to achieve, of which the recent London hard fork was a success, at least some Ethereum has been burned to show the update is at work.
Also, with the anticipated ETH 2.0, is another update to pay attention to, therefore you can see that enough attention is being paid on Ethereum now thus we might be seeing another new ATH sooner than later.
Ethereum is currently driving the market which will or already bringing more attention to the space hence another anticipated bull market.
Last year (well this year as well) we have seen an alt season as well, the price was quite high for almost all coins, not just bitcoin and all other coins did manage to go up. This year everything went up for a while and then we dropped, etheruem however is doing something exceptional, even though other coins are going up as well, ethereum is not going down with them, that is the thing about it.

Like for example when bitcoin was 40k, it was 2.5k, then bitcoin went to like 37k or so, but eth was still around 2.4k or so, then bitcoin went "back" to 40k+ but ethereum went to 2.7k, this allowed the price to increase more than others at the same time. This is not something that is that difficult to see, ethereum had eip 1559 and that is causing the price to go up right now, that is basically the only reason why eth is different than any other coin right now.
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August 06, 2021, 06:23:51 PM
 #48

As of the time of this thread creation, the Ehtereum price is $2,580, which shows a gain of 3.21%, as the Bitcoin price plumbed to $37 before recovering to above 38k at the moment. This indicates Ehtereum continued to rise in price over the last week when Bitcoin made a $42k stop.
As the Ethereum network prepare for another hard fork on the 5th of this month lots of analyse including myself think that we are heading for another ethereum bull market.

Of course the Ethereum price should go up right now. The fork went smoothly, so this gives us more reasons to be positive about the future. In my opinion, Ethereum is the altcoin with the greatest potential for a big price increase. If the implementation of ETH 2.0 is done without a problem, I am sure that Ethereum has a chance of even $10k in the coming months.

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August 06, 2021, 08:00:08 PM
 #49

When a person or thing starts attracting attentions one can say it's their season, for example last year it was Bitcoin where all attention was and we saw the price growth, and now it is time for Ethereum. So yes I would say it is Ethereum season, as the team already have updates lined up to achieve, of which the recent London hard fork was a success, at least some Ethereum has been burned to show the update is at work.
Also, with the anticipated ETH 2.0, is another update to pay attention to, therefore you can see that enough attention is being paid on Ethereum now thus we might be seeing another new ATH sooner than later.
Ethereum is currently driving the market which will or already bringing more attention to the space hence another anticipated bull market.
Last year (well this year as well) we have seen an alt season as well, the price was quite high for almost all coins, not just bitcoin and all other coins did manage to go up. This year everything went up for a while and then we dropped, etheruem however is doing something exceptional, even though other coins are going up as well, ethereum is not going down with them, that is the thing about it.

Like for example when bitcoin was 40k, it was 2.5k, then bitcoin went to like 37k or so, but eth was still around 2.4k or so, then bitcoin went "back" to 40k+ but ethereum went to 2.7k, this allowed the price to increase more than others at the same time. This is not something that is that difficult to see, ethereum had eip 1559 and that is causing the price to go up right now, that is basically the only reason why eth is different than any other coin right now.

I wonder what you guys are even referring to when you talk about seasons. What if Ethereum now steadily increases over the next three years until it reaches $20k, is that what you call a three year long "season" then? Isn't it normal that corrections do happen and the market newly adjusts its expectations and so on and so forth? Only because there is a dump does by no means mean that a season is over, if there even was any.

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August 06, 2021, 10:39:38 PM
 #50

I really hope that this will happen, because if you look at the development of ethereum right now, it's very good, so it's very likely that ethereum will rise, or even touch new ATH before the end of the year.
The uniqueness of Ethereum is very visible at this time when the fees are already very low but the price continues to increase, not to mention there will be burning on every transaction made by every Ethereum user at this time

We don't know yet if the price of fees will still be low after the latest news about burning will do a specific adjustments on that matter.
The unpredictability of erc20 network has been doing well for so many years, and I guess this will be a good start for another season. Because every year they continue to improve due to tight market competition.

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August 07, 2021, 02:47:29 AM
 #51

As of the time of this thread creation, the Ehtereum price is $2,580, which shows a gain of 3.21%, as the Bitcoin price plumbed to $37 before recovering to above 38k at the moment. This indicates Ehtereum continued to rise in price over the last week when Bitcoin made a $42k stop.
As the Ethereum network prepare for another hard fork on the 5th of this month lots of analyse including myself think that we are heading for another ethereum bull market.

wrong because bitcoin grow more almost breaking 44k , https://coinmarketcap.com/currencies/bitcoin/ so it does not stop at 42k instead its just a waiting moment .


while your ethereum only climbs a little and looks like stagnant to under 3k ?
https://coinmarketcap.com/currencies/ethereum/

but if you are looking about this ethereum burning , well yeah it does effect the movement by looks like below the expectations .

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August 07, 2021, 06:24:27 AM
 #52

I really hope that this will happen, because if you look at the development of ethereum right now, it's very good, so it's very likely that ethereum will rise, or even touch new ATH before the end of the year.
The uniqueness of Ethereum is very visible at this time when the fees are already very low but the price continues to increase, not to mention there will be burning on every transaction made by every Ethereum user at this time

We don't know yet if the price of fees will still be low after the latest news about burning will do a specific adjustments on that matter.
The unpredictability of erc20 network has been doing well for so many years, and I guess this will be a good start for another season. Because every year they continue to improve due to tight market competition.
Yes, I agree. Although no one knows for sure how long it will last, the most recent update gives ETH a boost, as well as the fees associated with it. It's quite common for network congestion to lead to this kind of situation. ETH is doing well at the moment, $3K will definitely be a resistance point. After it burns off the inflation, the price should rise.

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rhodelmabanal
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August 07, 2021, 06:44:16 AM
 #53

As of the time of this thread creation, the Ehtereum price is $2,580, which shows a gain of 3.21%, as the Bitcoin price plumbed to $37 before recovering to above 38k at the moment. This indicates Ehtereum continued to rise in price over the last week when Bitcoin made a $42k stop.
As the Ethereum network prepare for another hard fork on the 5th of this month lots of analyse including myself think that we are heading for another ethereum bull market.
Well as long as there is always a positive news or update there will be always a rising of the price. Ethereum is now rising because of the hard fork together with the slowly growing price of btc no doubt the market will surely turns into bull market again. Ethereum and btc will surely reach another ATH next few weeks or months.

kumala_abi
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August 07, 2021, 08:10:27 AM
 #54

ethereum is currently very hype, the price of ethereum has also gone up very drastically compared to other altcoins or even beat bitcoin's rise, although the market is starting to look good and rising, but ethereum is at the forefront, this is due to the ethereum london hard fork that is being awaited wait a lot of people
recent hardfork give positive impact to ethereum price, investors thinking network problem could solved by this update. ethereum rise could be benchmark for another altcoins that have strong fundamental, they will following ethereum movement in near future.


We don't know yet if the price of fees will still be low after the latest news about burning will do a specific adjustments on that matter.
The unpredictability of erc20 network has been doing well for so many years, and I guess this will be a good start for another season. Because every year they continue to improve due to tight market competition.
i see there is no changes yet, but its stll early to said like this. when another upgrade release transaction fee will going lower.

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thesosorr
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August 07, 2021, 09:32:57 AM
 #55

I believe, this year Bitcoin stopped at $45K, not at $42K.
When you create this thread the price of Ethereum is $2,580, so when I respond to this thread, the price of ETH is $2,771.
From the development of the market, especially Bitcoin and Ethereum, I believe this is the time for Ethereum to prove itself as a top coin that is difficult for other coins to match.
what proof are you looking ? ethereum climbs more than bitcoin this whole week.
For me, Ethereum doesn't really need to prove itself as the best coin than other coins. Why I said above that this is the time for ETH to prove itself, because so many people compare ETH with other Altcoins.
I think it's clear.
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August 07, 2021, 10:42:37 AM
 #56

Ethereum finally breaks 3,000 level now and seemingly there are more than coming to this currency.

I think while bitcoin is also climbing , the effect of the burning from ethereum network gives this small bull.

but season ? i don't think so as this may stop at any moment now.

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August 07, 2021, 11:22:14 AM
 #57

Ethereum finally breaks 3,000 level now and seemingly there are more than coming to this currency.
I think while bitcoin is also climbing , the effect of the burning from ethereum network gives this small bull.
but season ? i don't think so as this may stop at any moment now.
You never know what will happen, but Ethereum crossing another all time high valuation and a big milestone but the transaction fees keeps on creeping up and i cannot understand why would anyone keep investing in them. The funny aspect is that a promise of the brighter future is more than enough in this market as people keeps on pumping the coin on hearing about the hardfork  Cheesy.
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August 07, 2021, 01:04:25 PM
 #58

For now it is a very good time to invest in ethreum and after a hard fork the price increase is getting higher and the achievement of a new ATH for this year will soon be felt, and we also have to see whether the cost of gas will fall and these are all complaints that we currently feel, but for ethreum there is no doubt every year there must be a change especially after burning inflation on ethreum.
it is a need for us to wait for a while and observe what will be the impact of the ETH upgrade. Though I was thinking to have positive results, I was in doubt if this could help to cut the high gas fees. Maybe there is a price rally but not with the fees.

Anyways, whatever happens after this event, my trust and continued investment with ETH remains. I have no plan of leaving and jumping to another platform, maybe I could use the other but not it means I'm leaving. No, I'm still using ETH as I was still holding and traded ERC20 projects.

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August 07, 2021, 02:59:27 PM
 #59

For now it is a very good time to invest in ethreum and after a hard fork the price increase is getting higher and the achievement of a new ATH for this year will soon be felt, and we also have to see whether the cost of gas will fall and these are all complaints that we currently feel, but for ethreum there is no doubt every year there must be a change especially after burning inflation on ethreum.
So far regarding the cost of Gas there has been no change and it is still the same as before, but for the current price I see Ethereum has passed the price of $3K in one unit and the ATH that Ethereum has achieved is $4K more in April.
indeed there is no change related to transaction fees on the ethereum network. but seeing the effect on my par we are very positive.
Rising BTC and lots of altcoins also made a good rally. including ETH which continues to rise at this time. I believe this can grow a longer rally. but it's going to be hard to get to the new ATH.

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August 07, 2021, 03:53:39 PM
 #60

As of the time of this thread creation, the Ehtereum price is $2,580, which shows a gain of 3.21%, as the Bitcoin price plumbed to $37 before recovering to above 38k at the moment. This indicates Ehtereum continued to rise in price over the last week when Bitcoin made a $42k stop.
As the Ethereum network prepare for another hard fork on the 5th of this month lots of analyse including myself think that we are heading for another ethereum bull market.
As of now, the effect of Ethereum's upgrade can be seen effective as its value keeps on rising after it. It has now exceeded $3k once again and we can look forward for another ATH soon if ever the upgrade will be more effective as time passes by. Those who chose to hold their ETH before are surely gaining much benefit at the moment nevertheless we should not be too complacent with what's happening. We should still take extra precautions on what may occur anytime, the upgrade is still fresh and it will take some time before we can really be certain that another Ethereum season has began.
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