Ethereum is rising, Is this really the effect of ethereum's London hard fork?

[rhodelmabanal]

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

[Johnyz]

Yes this is the effect of hard fork that usually happen before and during the fork, the price will stabilize after this one but i don’t think $5k is possible because we are not on a bull market. This update is big but not enough to push the price of ETH to its new all time high, maybe it will be more appreciated after months of the update, but not now.

[milewilda]

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

If demand would neither sustain or even more then why not? Going another 100% wont really be that much of an issue or wont be a problem as the supply is becoming scarce
and the demand would even go higher then expect that it would really pump up and this is just really some simple economics bro.Thing here is that no one really knows on what
would happen in the future but with that recent London fork then we can really tell that its really that connected on what we are currently seeing on ETh price as of this moment.
It did really make out some good impact.

[Joca97]

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

This is still big news in the last couple of weeks.The prices of o most all coins is raising due to this ETH hard fork.We can expect in the next couple of weeks that it breaks the 4000$ mark.But 5000$ should maybe come a month after that.

[Rabi3]

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

This is still big news in the last couple of weeks.The prices of o most all coins is raising due to this ETH hard fork.We can expect in the next couple of weeks that it breaks the 4000$ mark.But 5000$ should maybe come a month after that.

i agree, i am expecting to see ETH going a little bit up like to 3500$ maybe 4000$, this event is not really that big so people should not expect a lot to happen, especially in this time where crypto market is kind of stable, i really think 3500$ is the highest ETH could get this month.

[beveryu778]

Of Ethereum The market is much better now.
So I think If the market is good day by day Then the price of Ethereum will go far

[Marvell1]

The update has finished successfully, this is a stepping stone for ETh to move towards ETH2.0 at the end of this year or early next year.ETH has pumped high the bullrun this year. It's hard to see ETH hitting 5k$ in the coming days. When ETH2.0 officially works, hopefully ETH will hit all-time highs again.

[MiF]

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

We can say that this massive rise of the ethereum price is because of the London hards forks, because I see that there is no other big news except the burning of 2.9 ethereum every minutes this update is very new, so I think this is the big reason why eth price rise, I hope to see eth on 6k$ soon because I will buy and hold few of it. This ethereum's London hard fork is really a big news and we can expect a greater impact in the next few weeks.

[tbct_mt2]

Gas price on Ethereum network won't be cheaper as expected after the hard fork but it might need more time to show what it can help to reduce transaction fee. People love cheap transaction fee but right now, on Ethereum network, there are many hot things, DeFi, NFTs, etc. that together affect the transaction fees.

The burned Ethereum is very good idea to make the total supply smaller. It makes Ethereum becomes more valuable. Price must rise as the coin has smaller total supply. With the potential of Ethereum, I believe the coin will has price about $10,000. I hodl some Ethereum in my wallet and won't sell it too cheap.

You can sell it now to enjoy the rise and volatility on the market but long term, try to hold about 10 ETH in your portfolio. It is like you hold 10 BTC in 2017.

https://www.gasnow.org/ (41 Gwei to 52 Gwei from Slow to Rapid). It is not good gas price.

[Roidz]

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

For $5K in the near future it is still very possible for Ethereum to achieve if market conditions and their development continue in a very good direction, because so far Ethereum is still experiencing a very good price increase.

the majority of crypto prices on the market experienced a significant increase, including ethereum which even experienced a price increase of around 25% in the last week and this shows that the impact of the ongoing London hard fork certainly provides a strong impetus to the increase in the price of ethereum and also some non-stable altcoins that on the market, moreover the London update and activation of EIP-1559 will push Ethereum into a deflationary asset because each transaction will trigger a portion of the total ethereum supply to be burned and disappear from circulation forever and this will automatically push the price of ethereum higher.

[kurniawan05]

Yes, because there is an update in the ETH network so that it is more effective and efficient, besides that there is a fee-burning mechanism that reduces the supply of ETH but unfortunately it has not overcome the high gas price.

I'm not sure ETH will hit a new ATH anytime soon, but maybe in a few years.

[7788bitcoin]

~
I'm not sure ETH will hit a new ATH anytime soon, but maybe in a few years.

I really missed what you are talking about, i missed they day when ETH crossed $4k as i could see some articles saying it crossed in the past but i might have missed that movement completely and now the price has crossed $3k and still moving forward and it is solely because of the London Hard Fork and the network is really congested as i tried to send some coins a few hours back and i had to back peddle because of the higher fees.

[irixo10]

It is quite true that it is difficult to make predictions but I think Ethereum price will go higher but might not reach $5k but $4.5k, moreover the price is currently above $3k. My basis for such speculation is this, the London hard fork has been implemented and it is clear the implementation is working well and with such hype currently around the hard fork, has made Ethereum the centre of attraction already and we know what it means for a lot of people in this space to pay attention to a coin. Secondly, there is already positive sentiment in the crypto space already and Bitcoin is following up which means another wave of bull run might be or is already around and with such, Ethereum have every opportunity to pump more.

[Ararbermas]

Of course it's because of the massive hard fork reason it constantly increasing right now. And you know why it's good to invest right now? It's because for sure there will be a good improvement as its regaining attention at this moment as well. so expect a huge jump on the price after days or two whrein even weeks i guess.. And probably the percentage itself in the market is enough proofs what will be the results afterwards because of this hard fork.. Expect what's unexpected mate.  

[Sterbens]

Of course, the impact will certainly have an impact on the price of Ethereum, because this condition has been eagerly awaited by Ethereum holders for a long time. The Hard Fork that occurs is quite large and will be very proportional to the increasingly scarce supply. Maybe it's still in the early stages of upgrading, and I'm still sure as long as the Hard Fork process is still running, other possibilities for coins under the protection of Ethereum continue to pump. Ethereum's successful performance has been outstanding, it's a matter of pride for us how important it is to be able to stay in this kind of space for much longer.

[Fivestar4everMVP]

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

Don't specifically say Ethereum like it's the only coin rising, other coins are rising too including bitcoin, what I can say is that the London hard fork is for sure one of the reasons ether is ahead in this bullish trend, but for that the London hard fork is the major driver, that I personally disagree, I hold a lot of coins on Binance chain and they are all going up, check coinmarketcap, only a very few ones are in red, the rest are green candlesticks

As for whether ether will reach 5k in few days now depends, I think it's possible only if the market continues to stay bullish for a good number of days or maybe weeks, but without this, I think 5k usd for 1 ether is still a bit farther than we think.

[Clavulanic]

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

What's happening as of today, that's an obvious factor which was currently showing the best outcome of how their project went through. The rising price of ethereum has now became a fulfillment for everyone's dream for their asset to reach an ultimate history.
There's no specific number of days on how long is the timeline of this progress will continue to ponder, but as long as this market continues to move forward and community activities remains consistent $4k or even $6k is attainable.

[Nazmul012]

Eth takes preparation for upcoming fork, alreay start moving faster which is impressive enough. Even it also prove again the potentiality of top altcoins comparing others. As far i got the information, this is going to be one of the biggest fork in london, so there is a chance, more incredible thing is waiting for us, i mean maybe eth could cross the $5k milestone as op predicted on this thread

[Viscore]

Eth takes preparation for upcoming fork, alreay start moving faster which is impressive enough. Even it also prove again the potentiality of top altcoins comparing others. As far i got the information, this is going to be one of the biggest fork in london, so there is a chance, more incredible thing is waiting for us, i mean maybe eth could cross the $5k milestone   as op predicted on this thread

Ethereum got all the chances to evnowentually reach its price into $5k and this London hard fork is probably the ultimate reason why ethereum is always on the surge right now. But still, ethereum is not exempted for a sudden price dump any time as we know how volatile the market is.

However, with the positive effect of the current hard fork, even if ethereum will experience a price correction in the middle, it will always come up rising next to bitcoin.

[tabas]

Yes, it's all due to the London hardfork. You calculate how much Eth are being burned every minute or every hour up to every day. That's a lot of money that's being burned.
I think that's one of the best feature that they've made and for those holders of Ethereum even if it's just 1 or lesser, you should hold it.