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Author Topic: ETH we can expect big move  (Read 610 times)
mksundip
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November 04, 2021, 09:13:27 AM
 #21

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.


2020 I think to be the most realistic for ethereum. because at $10k I think it would be hard for ethereum to be at that price. so maybe ethereum's highest ATH at the end of 2021 doesn't reach the $6k price position that's the most realistic

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November 04, 2021, 10:57:37 AM
 #22

end of year is around the corner and 10K may be penetrated by ethereum but that's all just a possibility ! the fact is that until now it has not risen to the 5K price your estimate is 10K is too much but 6K is possible well The bull run is still thin but we can see Ethereum rising slowly and surely

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November 04, 2021, 11:20:16 AM
 #23

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.


2 months left and this is not coming to happen  Grin

Yes EThereum had made another ATH recently but does this enough to climb that High? 10k-13k?

i don't think so , and besides what do you want? to mislead people and just to try your investment to grow high?

end of year is around the corner and 10K may be penetrated by ethereum but that's all just a possibility ! the fact is that until now it has not risen to the 5K price your estimate is 10K is too much but 6K is possible well The bull run is still thin but we can see Ethereum rising slowly and surely
actually it is Impossibility lol, ETH cant even climb to 5k and now we are looking for 10k?

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November 05, 2021, 03:07:58 AM
 #24

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.
ETH already start moving but it can move till $5000. But if more Ethereum is burned.  Then it will one day be able to be as valuable as Bitcoin. Burn always affects the price and attract the investors to invest

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November 05, 2021, 06:10:16 AM
 #25

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.


isn't that an overestimation? I might think that when the price goes up, ethereum might be in the $5k to $6k range by the end of the year. considering that the end of the year is very close, so I think that it is still quite difficult for ethereum to reach a price of more than $10k this year.
In fact, based on speculation from Cointelegraph, Ethereum's highest price can be reached in the near future, possibly entering the $5k range.

https://cointelegraph.com/news/price-analysis-11-1-btc-eth-bnb-ada-sol-xrp-dot-shib-doge-luna

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November 05, 2021, 07:15:30 AM
 #26

~
My forecast is ETH can be 10000-13000$ end of the year.


I can say that whether or not Ethereum is reached at the price of $10,000 really depends on the condition of Bitcoin. If the Bitcoin movement conditions continue to grow well in the market, then the opportunities for Ethereum and other coins will also be good. But I'm not sure if Ethereum will hit $10,000 by the end of the year.
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November 05, 2021, 08:19:47 AM
 #27

ETH already start moving but it can move till $5000. But if more Ethereum is burned.  Then it will one day be able to be as valuable as Bitcoin. Burn always affects the price and attract the investors to invest
I'm not sure that one day the price of Ethereum will be the same as the price of Bitcoin, because Bitcoin can always affect the prices of other Altcoins while Altcoins can't, so any Altcoin will be very difficult to catch up with Bitcoin prices in the future, because Bitcoin is not a coin that just keep quiet.

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November 05, 2021, 09:39:48 AM
 #28

Ethereum has done big move already. I honestly don't believe ethereum might hit $10k this year as the year is winding up. If bitcoin continue to rise, ethereum will maintain it's current price and possibly trade sideways. But if bitcoin start to fall in price, ethereum will follow suit and it could even fall drastically!

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November 05, 2021, 10:04:31 AM
 #29

I think it is not possible for the time being, the reason:
1. High gas cost
2. Layer2 has not yet entered a good state, many functions cannot be carried out
3. The eth2.0 merger and upgrade will be around the first quarter of next year
4. The number of people involved has not increased, and funds may be dispersed to other projects
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November 05, 2021, 04:15:27 PM
 #30

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.


being $10K is an easy target, I see ETH will be able to reach that target in the near future.  just waiting for the burning effect to have a big effect in the long term or only temporarily for the ETH market
It depends on how much you are giving ethereum to reach that price, while its price could be reached during the current bull run we need to wonder how long that bull run is going to be? If we only have a few months left it could be possible for ethereum to reach that price but it will be a challenge, however if we are in a super cycle caused by the economic uncertainty we are facing then the bull market could continue for years, and as such under that scenario it would be easy for ethereum to reach that price.
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November 05, 2021, 04:48:25 PM
 #31

I think it is not possible for the time being, the reason:
1. High gas cost
2. Layer2 has not yet entered a good state, many functions cannot be carried out
3. The eth2.0 merger and upgrade will be around the first quarter of next year
4. The number of people involved has not increased, and funds may be dispersed to other projects
These are all valid points, but when/if the hype starts then those points will not matter that much. If we see an Altcoinrally in the next months than the mentioned price targets can be reached easily. If there is no general market rally, ... well then ETH will need the fundamentals for a price increase which will also probably only happen over a longer time period...
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November 05, 2021, 06:26:51 PM
Merited by The Sceptical Chymist (3)
 #32

I think it is not possible for the time being, the reason:
1. High gas cost
2. Layer2 has not yet entered a good state, many functions cannot be carried out
3. The eth2.0 merger and upgrade will be around the first quarter of next year
4. The number of people involved has not increased, and funds may be dispersed to other projects

However when we look more deeply in the useage and capital locked up in DeFi as well as NFT markets, there remains a considerable demand for Ether as a form of gas in order to power the Ethereum blockchain that hosts many gems such as Crypto Punks as well as lending/borrowing services and decentralized exchanges. There is an entire eco-system that continues to grow and therefore increase demand for ETH, with users who will happily pay $$$ in order to process transactions, even if most won't. Especially for the art/collectables digital market who love the idea of high costs for acquisitions.

Previously I did think other competitors have a chance or coming close to Ethereum as a blockchain, but in reality the amount of developers, users, applications and use cases for Ethereum goes well beyond so-called "Ethereum killers". I think ETH still has a lot of potential towards $10-20K, but at the same time, may well lose a bit more Bitcoin value before getting there and challenging 0.1 BTC per ETH.

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November 05, 2021, 08:24:22 PM
 #33

Don't believe too much on your predictions as they may hurt.
I'd never say what you said for ETH, because there are many things to note which stop ETH from going high:

  • Centralised cryptocurrency
    ETH can never fly high like BTC as it is being run by a person who governs everything in it and there is no governance in the hands of people.
  • Extremely high fees
    Its fees are highly unmatched with almost any crypto (/s) and paying such high fees to get our money sent to exchanges like uniswap, for not missing the buying opportunity in an IDO or even a token that's listed there, is not something I'd like to do at any cost.
  • Scalability issues
    Even after sending it with high fees, are you rest assured that your transaction will go through? And even if it does, what's the guarantee that it'll be instant after paying enough?

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crzy
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November 05, 2021, 09:03:05 PM
 #34

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.


This could be a good prediction and possible to happen before the year but of course we should not expect that much on this.
ETH already made a new ATH, so technically waiting for the next ATH is another thing and we might see it this Month so better to have ETH now. The only problem is the fees, I can't transact with ETH every time its price going up, hopefully they can solve this problem.
GreatArkansas
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November 05, 2021, 10:17:07 PM
 #35

I think OP missed the most important things happening on Etereum right now, Defi and NFT!

We all know how Defi and NFT affect the Ethereum network right now, like very expensive transaction fees. An additional thing that Ethereum's next big move is how they scale since a lot of people started to use alternative networks of Ethereum because of the transaction fee. I am looking forward on this too.

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tippytoes
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November 05, 2021, 10:23:13 PM
 #36

I think OP missed the most important things happening on Etereum right now, Defi and NFT!

We all know how Defi and NFT affect the Ethereum network right now, like very expensive transaction fees. An additional thing that Ethereum's next big move is how they scale since a lot of people started to use alternative networks of Ethereum because of the transaction fee. I am looking forward on this too.

Defi and NFT are just few reasons why ETH can keep afloat despite of the still high gas fees under their network. As we can see, the latest fork has not affected their gas fees yet. A lot are waiting for the fees to go down because it is not really favorable to small traders. So it is understandable, that some developers are exploring their alternatives like in BSC, DOT, SOL and others, offering them very competitive fees. Once we see the gas fees in eth going down, I have the feeling that some of these users will go back to eth and the price may eventually continue to rise.
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November 05, 2021, 11:23:02 PM
 #37

I think OP missed the most important things happening on Etereum right now, Defi and NFT!

We all know how Defi and NFT affect the Ethereum network right now, like very expensive transaction fees. An additional thing that Ethereum's next big move is how they scale since a lot of people started to use alternative networks of Ethereum because of the transaction fee. I am looking forward on this too.
Some NFT's now are using or migrating on other blockchains which does have lesser fees and fast confirmations which i cant really blame

off projects on considering other options because of high fees which do really mainly affect on getting user base on said games.

ETH network is clogged up and network fees is too high.I dont know about possible pumps but they should solve up about scability issue.
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November 05, 2021, 11:51:38 PM
 #38

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.



I thought so too a few months ago.
I was sure that before the Ethereum 2.0 launch, there would be a bull run and price skyrocketing.
Later, however, I looked at the capitalization of Bitcoin and Ethereum.
From the preliminary calculations it turns out that in order for ETH to reach the price above $10k, it would have to surpass BTC capitalization.
It seems to me that it is not possible for ETH to jump over the king anytime soon.

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goinmerry
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November 05, 2021, 11:59:11 PM
 #39

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.



A high forecast and I'm happy with your positivity. But on the realistic side, I think that won't happen.

By the end of the year, the ETH price will still be around the current price. If there's a big chance, an increase of $1,000 might be the closest possible thing to happen.

Soon ETH will reach that floor but not for now. Don't expect too much within a short timeframe.
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November 06, 2021, 12:09:53 PM
Merited by The Sceptical Chymist (3)
 #40

From the preliminary calculations it turns out that in order for ETH to reach the price above $10k, it would have to surpass BTC capitalization.
It seems to me that it is not possible for ETH to jump over the king anytime soon.

Not quite no. If Ethereum reached $10K but Bitcoin reached $130K for example, then it'd still be around around 0.07 BTC per ETH. Bitcoin would have to remain at the same price for this calculation to work. If BTC were 6 figures Ethereum would then need to be worth around $20K in order to re-tests highs of 0.14-0.16 BTC, that would be close to same market capitalization.

This is personally why I find $10K to be a low target, as if Bitcoin is targeting 6 figures, then Ethereum would reach $10K by simply keeping up.
Personally I think BTC can reach $200K, while ETH can move 50% higher to 0.1 BTC and therefore be worth $20K, but in second place still.

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