ETH is leading the market to a monthly high...

[Robert518]

ETH is leading the market to a monthly high, while BTC dominance has dropped to its lowest level in two months.

As the ETH merge was confirmed by developers for September of this year, the price of ETH increased by nearly 13% (to around 1360$). BTC increased by more than 3%. As a result, Bitcoin's dominance has plummeted to its lowest level in more than two months. We should wait and see how the merger affects the market in the future.

Lido DAO was the big winner today, with a nearly 50% increase. MATIC and ETC prices both increased by 12% and 27%, respectively.

Today, many of us received much-needed hopium injections. May there be more days like this!!

According to developers, the merge date is September 19th. I incorrectly stated that it is scheduled for late August, for which I humbly apologise.

Also, it appears that the price of ETH is starting to fall.

[Mosharafhh]

Yah i also think that same ETH price is growing too fast i missed to grab it early in 1000$ thats a bad luck i think now it will move the next level and it will hard to take it in 1000$ again!

[leea-1334]

Well this could all go away very quickly if September date comes and goes without the merge happening easily or properly.

Still,,, great news for most people and let us see if this helps nullify the bad news coming everywhere else from non-crypto indicators.

Hopium is nice, just do not get addicted

[danherbias07]

$1000 to $1400+ in 5 days. 
Let's just say it will be expected to be done this year instead of confirming exact dates.
As I checked different sources some say September 19th but there is no finalization about it. I am expecting they will keep on moving the date just to be sure it will be perfect.
Demand is soaring but I am not riding it anymore. I am glad about what I have. FOMO for new investors.

[yazher]

Though the increase was not high enough to cover the cost of the loss over the last months, this is one the good indications that the market is not dying rather investors are really there just waiting for the right time to invest when the price is low and they're just making sure to make some profit in their investment, especially in this kind of scenario where bull runs aren't really possible to come.

[fuguebtc]

Yah i also think that same ETH price is growing too fast i missed to grab it early in 1000$ thats a bad luck i think now it will move the next level and it will hard to take it in 1000$ again!

Why bad luck, you miss it because you don't trust the market, you fear things will go bad?
There is good news concerning ethereum, the cryptocurrency has hit some FOMO levels and I am glad that the price of ETH has risen to $1400 today. But we are not out of bear season yet and things are still uncertain even though all coins are green today. Don't get too excited when you see green, always be suspicious and careful with the market, there are always pitfalls lurking around us.

[TastyChillySauce00]

Yah i also think that same ETH price is growing too fast i missed to grab it early in 1000$ thats a bad luck i think now it will move the next level and it will hard to take it in 1000$ again!

You can still grab it right now. Ethereum is still undervalued caused by if you are seeing the history of crypto and then the ATH of ethereum was around almost 5k USD. Anyone is still having the golden chance to accumulate more and more ethereum these days, It will become very expensive coin someday later. Ethereum is having a big gain for weekly movement and bitcoin is also slowly climbing again. Im sure that a small recovery will be coming very soon. You must have prepared yourself for another big event that will come very soon.
I have been accumulating more ethereum since it was trading below 1k. The bearish trend will always become the best chance.

[Dewi89]

Why bad luck, you miss it because you don't trust the market, you fear things will go bad?
There is good news concerning ethereum, the cryptocurrency has hit some FOMO levels and I am glad that the price of ETH has risen to $1400 today. But we are not out of bear season yet and things are still uncertain even though all coins are green today. Don't get too excited when you see green, always be suspicious and careful with the market, there are always pitfalls lurking around us.

That's right, we can't celebrate the market improvement yet because the future market impact is still unpredictable, even though a significant recovery phase has occurred the middle of this month but the bear market has not disappeared, always monitor the pattern of market movements and if you are a long term investor then don't there is nothing to worry about investing in ETH coins

[keyscore44]

ETH is leading the market to a monthly high, while BTC dominance has dropped to its lowest level in two months.

As the ETH merge was confirmed by developers for September of this year, the price of ETH increased by nearly 13% (to around 1360$). BTC increased by more than 3%. As a result, Bitcoin's dominance has plummeted to its lowest level in more than two months. We should wait and see how the merger affects the market in the future.

Lido DAO was the big winner today, with a nearly 50% increase. MATIC and ETC prices both increased by 12% and 27%, respectively.

Today, many of us received much-needed hopium injections. May there be more days like this!!

According to developers, the merge date is September 19th. I incorrectly stated that it is scheduled for late August, for which I humbly apologise.

Also, it appears that the price of ETH is starting to fall.

The leak of information on the date of the Ethereum fork is a very nice stimulus for the market. However, I would be very cautious about saying that the market trend has changed. The entire cryptocurrency market is still very volatile and if it turns out that the data of Ethereum merge is postponed again, it could start another panic sell.

[Lamkuthang]

ETH is leading the market to a monthly high, while BTC dominance has dropped to its lowest level in two months.

According to developers, the merge date is September 19th. I incorrectly stated that it is scheduled for late August, for which I humbly apologise.

Also, it appears that the price of ETH is starting to fall.

I myself am really looking forward to the launch of Ethereum and its price. This seems like a great milestone not only for ETH but the entire cryptocurrency community. it is possible in the future, ETH will not only be used as a trading currency, but will also gain more popularity as a platform for decentralized applications.

[Reid]

As Ethereum 2.0 draws near this will become an unstoppable pump. Some investors would not care if there is a bad market now, riding the big boat comes first as it may get them to higher profits once the big day comes.
I am optimistic about it as I am one of the supporters of Ethereum but never have I thought it would increase this high when they release the news about the finishing process.
Kind of curious what will happen to other currencies that was being supported more during the time Ethereum was hybernating with fees so high and transactions slower. Can they survive once it is back and dominate the altcoin market?

[Coyster]

Though the increase was not high enough to cover the cost of the loss over the last months, this is one the good indications that the market is not dying rather investors are really there just waiting for the right time to invest when the price is low and they're just making sure to make some profit in their investment, especially in this kind of scenario where bull runs aren't really possible to come.

Bear markets are quite normal, so i do not think anyone is really growling about losses, except those who sold because they panicked or investors that invested in shitcoins that crashed, something like Luna, but if not that, investors that are conversant with the crypto market will understand this plunge and hodl their coins till the bull market comes. The market isn't gonna die, neither will there be any exodus from the crypto network, smart investors will be patient, and will most importantly choose coins that are sustainable for the long period.

[JoyMarsha]

ETH is leading the market to a monthly high, while BTC dominance has dropped to its lowest level in two months.

According to developers, the merge date is September 19th. I incorrectly stated that it is scheduled for late August, for which I humbly apologise.

Also, it appears that the price of ETH is starting to fall.

I myself am really looking forward to the launch of Ethereum and its price. This seems like a great milestone not only for ETH but the entire cryptocurrency community. it is possible in the future, ETH will not only be used as a trading currency, but will also gain more popularity as a platform for decentralized applications.

The market booming is a good indication that the bearish market is gradually coming to an end. Ethereum can be surging more than bitcoin now, but let's not forget that all altcoins are dependent on bitcoin price.

The launching of Ethereum v2 is long overdue. The promise of launching Ethereum didn't start this year. I wouldn't be surprised if they find a way or the other to prolong it(September 19th). We should remove our focus from that day

[Xal0lex]

Bear markets are quite normal, so i do not think anyone is really growling about losses, except those who sold because they panicked or investors that invested in shitcoins that crashed, something like Luna, but if not that, investors that are conversant with the crypto market will understand this plunge and hodl their coins till the bull market comes. The market isn't gonna die, neither will there be any exodus from the crypto network, smart investors will be patient, and will most importantly choose coins that are sustainable for the long period.

This is an unfortunate example, Luna could not be called a shitcoin in the broad sense of the word, because it was a rather large coin with its own blockchain and fund, invested in by large and well-known investors. Back in March 2022 no one could have predicted this outcome, but bad tokenomics caused the collapse of this coin. Although, if they hadn't launched their UST algorithmic stablecoin, maybe nothing would have happened.

[livingfree]

Also, it appears that the price of ETH is starting to fall.

Too quick to have that assessment on ETH.

When it pumps, we're quick to say that we're on a bull run or a bull trap and then when it corrects, we're all considering it that it's falling. Well, that's the normal cause of it to be down a while after it's pumping.

Now, look at ETH.

It's about to breach $1500 and it's just a few bucks away.

[Kelvinid]

ETH is leading the market to a monthly high, while BTC dominance has dropped to its lowest level in two months.

Well, I don't worry about that as I know that Bitcoin will just be about to rise soon after this dip. I've got some patience and willingness to wait for that moment as for sure this can't be forever.

As the ETH merge was confirmed by developers for September of this year, the price of ETH increased by nearly 13% (to around 1360$). BTC increased by more than 3%. As a result, Bitcoin's dominance has plummeted to its lowest level in more than two months. We should wait and see how the merger affects the market in the future.

Well, everyone is just hoping for the best in the market whether it was for Ethereum or Bitcoin as people are investing in them. However, I don't expect a huge increase for as long as the bear dominates the market, that seems impossible to see big rallies in prices unless we are into Bullrun. In fact, expecting 3% increase is very small and even can't feel it as after that drop may follow.

[KennyR]

Ethereum have moved above $1500. This will interest the cryptocurrency users to move from bitcoin towards altcoins. When there is growth with ethereum the same can be experienced over large number of altcoins. This could drag the bitcoin price sideways. This isn't a bullish move, according to me it looks like a relief rally which will give opportunity to buy a lower price in the falling weeks. Similar scenario took place during the year 2017-2018 as well as during the year 2020 same time period.

[Doell]

Also, it appears that the price of ETH is starting to fall.

Too quick to have that assessment on ETH.

When it pumps, we're quick to say that we're on a bull run or a bull trap and then when it corrects, we're all considering it that it's falling. Well, that's the normal cause of it to be down a while after it's pumping.

Now, look at ETH.

It's about to breach $1500 and it's just a few bucks away.

Exactly, Already touched above $1500 also today's increase is above 15%, there was news that it was allegedly a fake pump at the price $1350, but fortunately it continued. Today closed maybe above 15% because currently the price it continues to increase a little more at $1600, whether tomorrow it will continue with a new increase?

[sheenshane]

I think the reason why ETH has the price increased and increased its dominance is because of its utility on it and it might with the help of those NTFs that make ETH a very useful coin.  There are more ETH tokens that required a transaction fee using ETH and when those tokens move they will create an impact on the price of ETH which might be the reason for now increasing dominance in the market.

It's also the reason of sudden increase of ETH because of what happen to Terra (LUNA), as I heard, LUNA collapsed which is one of the ETH competitors.

[dimonstration]

I think the reason why ETH has the price increased and increased its dominance is because of its utility on it and it might with the help of those NTFs that make ETH a very useful coin.  There are more ETH tokens that required a transaction fee using ETH and when those tokens move they will create an impact on the price of ETH which might be the reason for now increasing dominance in the market.

It's also the reason of sudden increase of ETH because of what happen to Terra (LUNA), as I heard, LUNA collapsed which is one of the ETH competitors.

LUNA crash a long time ago and Ethereum fall at the same time too so it’s not a valid reason to think that Ethereum pump because Luna collapse. I think the merger hype is what drives the price up. Ethereum will have a better way of consensus which might improved the overall feature of Eth network including speed since it will use sharding method on PoS.

This news announced few days ago which can be correlated to the recent price trend. I doubt that this will continue in the long run since global economy is not doing well.