ETH Sentiment Poll for June

[tokeweed]

Just like the BTC sentiment thread that I've been doing every month, I'd like to know what the guys who are mostly into altcoins are feeling with the market right now.  But we'll mostly be talking about the top altcoin Ethereum.

So yeah, with the merge being postponed again from July to September, what do you guys think will happen?  Will there be another postponement?  How will it affect the price?  Will 1700 - 1800 range hold or do we see another drop?  I'm really curious what you guys are thinking rn.

[JeffBrad12]

The postponement has been giving a big drop for ethereum last week, Bitcoin sentiment is still unpredicatble. Sometime it was giving hope for people after we saw a small increase happened with bitcoin but it will be dumping again just like the bulltrap for people. From here. Im not sure whether ethereum will come back again to the 1800 - 1700 range. In fact that if ethereum can go down anytime. I saw some people are being pessimistic after saw ethereum will migrate to the POS.
If bitcoin is dropping again and ethereum will come to that range. It's only two digits away from there.

[hd49728]

Just like the BTC sentiment thread that I've been doing every month, I'd like to know what the guys who are mostly into altcoins are feeling with the market right now.  But we'll mostly be talking about the top altcoin Ethereum.

So yeah, with the merge being postponed again from July to September, what do you guys think will happen?  Will there be another postponement?  How will it affect the price?  Will 1700 - 1800 range hold or do we see another drop?  I'm really curious what you guys are thinking rn.

The general sentiment of crypto market is bearish so does Ethereum sentiment. The chart shows there is big gap because of Ethereum massive growth in 2020 and 2021 and it is very reasonable to see it will be corrected to fill these gaps.

So if gaps filled, Ethereum will be fallen to $1000 or $800 before we see a new bull run for it.

The postponement has been giving a big drop for ethereum last week, Bitcoin sentiment is still unpredicatble. Sometime it was giving hope for people after we saw a small increase happened with bitcoin but it will be dumping again just like the bulltrap for people. From here. Im not sure whether ethereum will come back again to the 1800 - 1700 range. In fact that if ethereum can go down anytime. I saw some people are being pessimistic after saw ethereum will migrate to the POS.
If bitcoin is dropping again and ethereum will come to that range. It's only two digits away from there.

ETH 2.0 was postponed many times, many months and years so if you see price of Ethereum rises or falls with news release about ETH 2.0, it is not real reason.

After having enough accumulation, price will rise and news about ETH 2.0 is only coincidence or support to its rise. If news released when price already grows too much and general market has to be corrected too, news is not real reason of Ethereum correction

[GreatArkansas]

It seems the price action of Ethereum these days is also correlating with Bitcoin. But besides that, I want to see the Bitcoin dominance react too, especially the recent dumps and now we starting pullback, I am expecting that the pullback will favor on Ethereum, like huge percentage of pumps compare to Bitcoin as Bitcoin dominance is dropping.

[mindrust]

Depends on the FED’s decisions imo. If they decide to be hawkish and raise the interest rates sharply, then crypto will have a bad time against the dollar. If the inflation goes down by a considerable amount, then they’ll increase the rates slowly by .25% and it won’t affect crypto much. This is all about the fed and the inflation now. My guess is that the FED can’t play this tough guy game for long. They’ll become dovish again one way or another.

[wheelz1200]

Regardless of month or technical analysis that you look at no crypto is going to do well in June for the most part.  We headed (if we aren't already) dead center into a bear market.  Some coins will do better than others but generally don't expect any sustained good streaks for any coin, including eth.

[Reatim]

6 posts in this thread  and 3 voters but all of those voted for YES and this means community believe that this is coming like what we expect from Bitcoin to fall at least below 25k .

Ethereum still holds 1800$ price now but there is something coming soon as the market is still in dumping situation .

I have a steady funds now in which waiting for lowering price to buy more of Ethereum , lest see what comes this sooner.

[RussianEnglishTranslation]

ETH will stay above 1600 and ICP will hover around 10usd before returning to 20usd in July. I think the market reverses at the end of June. We have been in a bear market for over 200 days and it's time for a rebound. This is buy territory.

[rugrats]

ETH will stay above 1600 and ICP will hover around 10usd before returning to 20usd in July. I think the market reverses at the end of June. We have been in a bear market for over 200 days and it's time for a rebound. This is buy territory.

The future of ICP is questionable, I don't know if it will continue to exist. Binance has announced that they will be removing ICP trading pairs on their Binance Futures platform on June 9. I hope ICP will not be the next century hoax of the crypto market like EOS did.

[tokeweed]

It seems the price action of Ethereum these days is also correlating with Bitcoin. But besides that, I want to see the Bitcoin dominance react too, especially the recent dumps and now we starting pullback, I am expecting that the pullback will favor on Ethereum, like huge percentage of pumps compare to Bitcoin as Bitcoin dominance is dropping.

It's not just 'these days'.  It has always been the case in crypto.  Almost every coin follows whatever BTC does.  And for the market to break away from it, I think BTC has to lose its market dominance and have another coin lead in its place.  Maxis hate to hear it but I don't think BTC will be leading the whole space forever.

As for if these down trends are favoring ETH, nope it isn't as of late.  Here's a chart of ETH/BTC.  ETH is going down faster than BTC since December.

[|MINER|]

-snip-

Already it's come into 1.7k range .I think if the price of Bitcoin goes down further, it will definitely go below 1700, Not only 1700 but it can go down to 1500. A little while ago, I saw that the transaction of huge amount failed in May. Even then I think if it go down it will bring a good dip for traders.

[Mame89]

Regardless of month or technical analysis that you look at no crypto is going to do well in June for the most part.  We headed (if we aren't already) dead center into a bear market.  Some coins will do better than others but generally don't expect any sustained good streaks for any coin, including eth.

January to July, which often happens is the month of market crashes or bear season. and August is the first month to choose a bright coin. A lot of people are talking about looking forward to November being so good for the start of a significant uptick. I agree with your analysis, sometimes the season of the bear and the season of the bull from per year the percentage up and down is different

[goaldigger]

It seems the price action of Ethereum these days is also correlating with Bitcoin. But besides that, I want to see the Bitcoin dominance react too, especially the recent dumps and now we starting pullback, I am expecting that the pullback will favor on Ethereum, like huge percentage of pumps compare to Bitcoin as Bitcoin dominance is dropping.

It’s always like this, we are fully dependent to the price of Bitcoin so expect a more related trend and if Bitcoin continues to sideways, ETH will also follow that. There’s no big news with the market right now and with ETH so I expect for a longer sideways trend and I don’t think ETH will move that much on its price for this Month. Above $1700 might be the safest price for me, if it drops on that level I will surely buy more ETH especially at the price of $1500 if ever.

[Oshosondy]

Regardless of month or technical analysis that you look at no crypto is going to do well in June for the most part.  We headed (if we aren't already) dead center into a bear market.  Some coins will do better than others but generally don't expect any sustained good streaks for any coin, including eth.

The month of June will be bearish in my opinion too, this bear market will last for long, though June started with a mild one day bull run that drove bitcoin from $26300 to $34500, but the market dropped back. There is nothing special in this year than mimicking 2018, and if it fully mimicked 2018, very possible we are still going more bottom before this year ends.

It’s always like this, we are fully dependent to the price of Bitcoin so expect a more related trend and if Bitcoin continues to sideways, ETH will also follow that. There’s no big news with the market right now and with ETH so I expect for a longer sideways trend and I don’t think ETH will move that much on its price for this Month. Above $1700 might be the safest price for me, if it drops on that level I will surely buy more ETH especially at the price of $1500 if ever.

Not only ethereum that will follow, all other cryptocurrencies are going to follow, this is a time for bear market, some coins may even become dead.  There is no safest price, it is possible that ether can go below $1000, anything is possible during bear market as it happened in the past.

[tokeweed]

-snip-

Already it's come into 1.7k range .I think if the price of Bitcoin goes down further, it will definitely go below 1700, Not only 1700 but it can go down to 1500. A little while ago, I saw that the transaction of huge amount failed in May. Even then I think if it go down it will bring a good dip for traders.

Yup it's def there and it's an important range.  Go check out the ETH daily chart and look at where support was after the May, 2021 sell down.  It's right around where the price is right now.  And everytime the price fell at that range since then, it always held, went side ways a bit then went up.  So really it's not as simple as 'it's at that range so therefore it's gonna break down.'...  I mean who knows, whales could be protecting the 1700 - 1800 range.  And if they really are it could very may well be the bottom.

[ItsCrafty]

i own eth to accumulate eth, i start with 3 at dec 2021 now i have 8.47 and for end of july i will have sure more then 10 if eth remain in this value. you can hold your eth but there is many mode to hold and make more value without do anything

[masterrex]

IMO, I believe that the Ethereum price will fall further as the bearish market trend goes deeper, And probably not just Ethereum but most cryptocurrencies will experience it, Including Bitcoin just like what happened in the past, because I believe as the saying "history keeps repeating itself" Anyway compared before the market capitalization today is much higher so I guess its one of the factor that needs to be considered.  

[kesmex]

I think it all depends on the price of Bitcoin, currently the bitcoin price is above $30000 again,
this is a good sign to start bullish, but I remember, it's the weekend,
so manipulation can happen in Bitcoin price and altcoins will certainly follow it, including Ethereum,

[Xal0lex]

I'm more than sure there won't be a merger this year, for a variety of reasons. As for the price, I like the way ETH is actively leaving exchange traded wallets and increasingly settling into cold wallets, for long term investing that's a good fundamental factor. I've also read that the pace of ETH burning has slowed down a bit and that may be affecting the price rise. ETH has only lost 62% of its value since its last ATH, some expect ETH prices at $1,100-1,300 in the not too distant future when the bearish trend enters its final phase.

[crzy]

I think it all depends on the price of Bitcoin, currently the bitcoin price is above $30000 again,
this is a good sign to start bullish, but I remember, it's the weekend,
so manipulation can happen in Bitcoin price and altcoins will certainly follow it, including Ethereum,

That’s correct, Altcoins is following the trend of Bitcoin and if it successfully break those resistance, then we might be able to see good prices of ETH as well. It can happen this Month or in the coming months, it’s hard to tell with ETH but for sure, ETH will rise again and lucky to those who are able to buy more during bear market, that could be the best strategy.