Ethereum signaling the next bull run for other cryptocurrencies

[kidbounty]

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

yes this is indeed a signal for all crypto coins. but I don't think it will last long. so choose wisely which coin to buy, or you will be disappointed because the price doesn't go up. The state of ethereum is a natural signal for all altcoins, when good ETH is high, other altcoins will always follow, especially altcoins that are on the ERC20 network.

[distr@yopmail.com]

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

yes this is indeed a signal for all crypto coins. but I don't think it will last long. so choose wisely which coin to buy, or you will be disappointed because the price doesn't go up. The state of ethereum is a natural signal for all altcoins, when good ETH is high, other altcoins will always follow, especially altcoins that are on the ERC20 network.

we can actually see ethereum revive the altcoin market. this is a good signal because choosing an altcoin is not so difficult for short term trading. the most important thing is not to get carried away by emotions to continue trading. immediately exit if conditions do not allow. take advantage of it. and immediately switch to another asset. because the signals that appear seem to be alternately belonging to several altcoins in the market.

[aylabadia05]

The influence of Bitcoin on other Cryptocurrencies is there but not so big or not on all Altcoins. When Bitcoin goes up, maybe Ethereum, Binance and some Top Altcoins also go up, but there are also Altcoins that don't go up in price or even decrease. Once again I say that the positive effects that Bitcoin has on other Cryptocurrencies exist, but not for all.

[Shasha80]

The influence of Bitcoin on other Cryptocurrencies is there but not so big or not on all Altcoins. When Bitcoin goes up, maybe Ethereum, Binance and some Top Altcoins also go up, but there are also Altcoins that don't go up in price or even decrease. Once again I say that the positive effects that Bitcoin has on other Cryptocurrencies exist, but not for all.

I agree that Bitcoin signifies the next bullrun for altcoins, and even then not all altcoins. So it's not Ethereum that marks the next bullrun, but Bitcoin
that is very influential on the market. Even the increase in Ethereum is also influenced by Bitcoin, because if we look at market it always Bitcoin
dominates the market. Therefore everyone is now focusing on Bitcoin price movements, to find out where the market is moving.

[perfect999]

I agree that Bitcoin signifies the next bullrun for altcoins, and even then not all altcoins. So it's not Ethereum that marks the next bullrun, but Bitcoin that is very influential on the market. Even the increase in Ethereum is also influenced by Bitcoin, because if we look at market it always Bitcoin dominates the market. Therefore everyone is now focusing on Bitcoin price movements, to find out where the market is moving.

When you are looking for the bull runs, it is usually bitcoin that goes up first. Remember all the other alt seasons and you will realize that first it is bitcoin that goes up, meanwhile alts go up only in fiat but not too much in bitcoin price, even maybe drop in bitcoin price sometimes as well. When bitcoin reaches to a point where it is hard to make more money or at least keep making that type of return that ends up with a lot of altcoins start taking turns and going high. I believe that the same thing will happen this year as well, first bitcoin and ethereum will go up to high levels, then it will pour into other coins as well and go super high.

[Oceat]

The influence of Bitcoin on other Cryptocurrencies is there but not so big or not on all Altcoins. When Bitcoin goes up, maybe Ethereum, Binance and some Top Altcoins also go up, but there are also Altcoins that don't go up in price or even decrease. Once again I say that the positive effects that Bitcoin has on other Cryptocurrencies exist, but not for all.

Just like what happened today, where Bitcoin hits the bottom again of $40k right after reaching the $52k mark and now the whole market is down, and yes ETH too so Bitcoin has been a big influence of every altcoins but of course we know that this is just temporary dump and pump can happen again. ETH will continue to go up after this Bitcoin scenario, for now let people panic and fill up your bags now.

Just as I thought it's just another quick bull trap and I feel sorry for those people who fall for it thinking that it's another bull run. Lol I bet some whales right is laughing due to gaining their profit from those who buy at $50k. And it seems that most altcoins fall for it thinking it's another bull run.

People do really never learn from the past but if they were just new in the market I would understand but for those who believe that this is gonna get us far to break another ATH is a delusion. Just look at the chart already and you will see how those lines drop to almost all altcoins.

[aylabadia05]

The influence of Bitcoin on other Cryptocurrencies is there but not so big or not on all Altcoins. When Bitcoin goes up, maybe Ethereum, Binance and some Top Altcoins also go up, but there are also Altcoins that don't go up in price or even decrease. Once again I say that the positive effects that Bitcoin has on other Cryptocurrencies exist, but not for all.

I agree that Bitcoin signifies the next bullrun for altcoins, and even then not all altcoins. So it's not Ethereum that marks the next bullrun, but Bitcoin
that is very influential on the market. Even the increase in Ethereum is also influenced by Bitcoin, because if we look at market it always Bitcoin
dominates the market. Therefore everyone is now focusing on Bitcoin price movements, to find out where the market is moving.

Bitcoin is like a magnet that has been able to attract the attention of many people from the past until now. But what is happening in the market at the moment I notice the rising price of Bitcoin has little effect on the price of Ethereum. If we study further, it is Solana who has had an impact on the increase in Bitcoin for this year even though Bitcoin has fallen again in price.

[aylabadia05]

The influence of Bitcoin on other Cryptocurrencies is there but not so big or not on all Altcoins. When Bitcoin goes up, maybe Ethereum, Binance and some Top Altcoins also go up, but there are also Altcoins that don't go up in price or even decrease. Once again I say that the positive effects that Bitcoin has on other Cryptocurrencies exist, but not for all.

Just like what happened today, where Bitcoin hits the bottom again of $40k right after reaching the $52k mark and now the whole market is down, and yes ETH too so Bitcoin has been a big influence of every altcoins but of course we know that this is just temporary dump and pump can happen again. ETH will continue to go up after this Bitcoin scenario, for now let people panic and fill up your bags now.

this is a great scenario happening in the market for this year. Bitcoin price lows $29K this year and $50K in my opinion the average price and Bitcoin could return to $60K price within this year and altcoins also experience a decline of more than 10%.
But there is something strange behind the current decline in market prices if we look closely, what do you think?

[imstillthebest]

if most of the coins are in bullish then yes the bull run has started but that all became possible because of btc and not because of eth .
 eth can be like every other coin that follows the path of btc.
 let us hope that this time the bull run can be more longer so that the anticipated prices for cryptos especially in btc will now be reached  .

[Kasabus]

if most of the coins are in bullish then yes the bull run has started but that all became possible because of btc and not because of eth .
 eth can be like every other coin that follows the path of btc.
 let us hope that this time the bull run can be more longer so that the anticipated prices for cryptos especially in btc will now be reached  .

I think its already a trend that once bitcoin reaches its new ATH, ethereum will also be expecting a bullish price, if not aleast its in a good price. And definitely if ethereum will stay in its bullish price, most of the altcoins will also be affected making their value too are seen to increase. And with that, a new altcoins season might definitely arise.

As far as i'm concern, i know i'm optimistic having bitcoin and ethereum to become bullish before this year ends. The last quarter of the year are mostly the time when  bullish season starts like we had in the previous years so maybe this is the reason that we are already entering the bullish season and it will be possible with bitcoin reaches its all time high soon.   

[RILWAN]

The ethereum market always follows the Bitcoin trend. Once the bitcoin market took action, all other coins will follow the same trend. Ethereum can not survive the market. Alone, it relies heavily on the Bitcoin market. But again, ethereum is a front-line coin in the altcoin market. It has to serve as the blockchain that houses most of the altcoins, so it has a good market price.

[cafucafucafu]

I don't think that Eth is necessarily a going to be a catalyst for other coins' growth in the future.

Most of the hype that is surrounding ETH right now is sort of limited to ETH's infrastructure itself and does not extend to other altcoins. E.g. ETH2.0 and upcoming staking rewards.

Whilst the price movements of ETH and most other alts are certainly correlated in some ways, it is by no means a causal relationship.

[carlisle1]

As far as i'm concern, i know i'm optimistic having bitcoin and ethereum to become bullish before this year ends. The last quarter of the year are mostly the time when  bullish season starts like we had in the previous years so maybe this is the reason that we are already entering the bullish season and it will be possible with bitcoin reaches its all time high soon.   

We are now in the second week of this last quarter and seems that the market falls back.

To those who start their investment during the pump are now losing some decent portions of their investment,
Better to hold if you don't have any stop and loss set up. Panic will lead you to lose more.

We don't know though if this is just another good correction before another bull run to hit the market and start running stronger.
More on speculations and hoping for the best outcome with our investment.

[beerlover]

We are now in the second week of this last quarter and seems that the market falls back.

To those who start their investment during the pump are now losing some decent portions of their investment,
Better to hold if you don't have any stop and loss set up. Panic will lead you to lose more.

We don't know though if this is just another good correction before another bull run to hit the market and start running stronger.
More on speculations and hoping for the best outcome with our investment.

Q4 usually ends up in a high, but that doesn't mean that we won't have any lows at all this year neither. We could have some lows that followed by a huge high afterwards. I personally want to actually believe that bitcoin is doing fine right now, accumulation phase is not something horrible and we could always hang in there. Obviously it is not going to be easy to reach 50k+ levels in a day or two, it could take some time to get there, but remember if it can drop from 52k to 46k in under 1 hour, it can do the same in an hour as well.

We had billions upon billions of dollars sold in the market in under 1 hour by some whales that caused this crash, who to say they won't buy that much as well? We could see that too. Which is why I am keeping my hope, I believe it could happen.

[Samurai trieng]

No matter how good the achievements experienced by ETH, I don't think it can affect the growth of other altcoins, because ETH can only build its own network, it's different with bitcoin can provide very real changes to the development of the crypto market, where all altcoins always follow the trend Bitcoins.

[Theones]

I think OP by now has got the answer. When BTC goes up everything goes up and vice verse. Ethereum after falling to 3200$ is now trading around 3500$. I still feel that market is highly unstable and its not the right time to buy BTC or Eth. When Eth was trading around 3900$, there were predictions that Eth next target is 5k$. Nothing is certain in crypto market.

[Shasha80]

I agree that Bitcoin signifies the next bullrun for altcoins, and even then not all altcoins. So it's not Ethereum that marks the next bullrun, but Bitcoin that is very influential on the market. Even the increase in Ethereum is also influenced by Bitcoin, because if we look at market it always Bitcoin dominates the market. Therefore everyone is now focusing on Bitcoin price movements, to find out where the market is moving.

When you are looking for the bull runs, it is usually bitcoin that goes up first. Remember all the other alt seasons and you will realize that first it is bitcoin that goes up, meanwhile alts go up only in fiat but not too much in bitcoin price, even maybe drop in bitcoin price sometimes as well. When bitcoin reaches to a point where it is hard to make more money or at least keep making that type of return that ends up with a lot of altcoins start taking turns and going high. I believe that the same thing will happen this year as well, first bitcoin and ethereum will go up to high levels, then it will pour into other coins as well and go super high.

Bitcoin does often go up first compared to altcoins, even if we notice several times the alt seasons came after Bitcoin experienced a price increase.
What's interesting is that when the Bitcoin price finally starts to stabilize, it doesn't move too volatile. Sometimes slowly some altcoins will rise
even higher, it happens because some people trade altcoins to be able to make a profit.

[tippytoes]

I think OP by now has got the answer. When BTC goes up everything goes up and vice verse. Ethereum after falling to 3200$ is now trading around 3500$. I still feel that market is highly unstable and its not the right time to buy BTC or Eth. When Eth was trading around 3900$, there were predictions that Eth next target is 5k$. Nothing is certain in crypto market.

Crypto market is really known to be highly unstable because of its high volatility. But I don't agree about the right time to buy or not of btc or eth. Because it depends on your strategy how to take profit. For example, you can buy right now and sell it once the price is above your buying price, whether small or big profit, as long as you are on the positive side. So, what am I saying here is that, practice the simple rule in trading - buy low, sell high.

[irixo10]

In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

I think this fact of Ethereum leading or signalling the next bull run for other cryptocurrencies started few months or weeks ago and this is seen when the London hard fork was implemented and was proved effective by the crypto community. It was from there that other blockchains like Solana started getting the right attention and it kicked off its own growth, ADA on the other hand announced their smart contract features and it's price started growing as well.
In other words, it can be said that Ethereum shifted the attention to blockchains and this has caused a lot of blockchain platforms to grow massively, while it's left for projects based on these blockchains to leverage the hype and attention to grow as well, which they are doing pretty well.

[LUCKMCFLY]

It is not surprising that the price of ETH has fallen, since BTC has fallen in price more than 12% and this causes many of the highs to fall, therefore ETH has also fallen below $ 4k, for now it has dropped to $ 3.4k:

The bulls could not arrest the decline at the 20-day EMA ($3,486), resulting in a drop to the critical support at $3,000.

Source: https://cointelegraph.com/news/price-analysis-9-8-btc-eth-ada-bnb-xrp-sol-doge-dot-uni-bch

The psychological price is at $ 4k, the bulls are defending the price from being above $ 3.2k, although it is very difficult, the bears are giving very strong attacks, everything would change if the price of BTC recovers again.