ETH Sentiment Poll for August

[nutildah]

I voted "Yes" but I think it will be temporary and will end the month at below $2k.

Seems The Merge is too obvious a play to assume it will keep going up all the way through Sept 15, when the fork is estimated to occur.

Part of me wants some serious disruption, chaos and confusion by things not going as planned, with a bigger contingency than anticipated adhering to ETHPoW, or is it ETH1, or ETH2? Whatever the original chain will be known as.

The other part of me recognizes the implication of such a disruption on the broader market and a failure of a smooth merge could be an anti-catalyst, a resumption of the bear market, and that's no good for anybody.

Perhaps if the war in Ukraine ends on the same day that Ethereum PoS blows up that will be a perfect counterbalance of forces.

[1715049763]

1715049763

[Rufsilf]

I'd see no big change but seems to get lightened up when seeing a few pumps on its price in the past days. Not really I think we are about to reach $2,000 but I was confident that it remains above $1,500. Not bad as to see at this current condition and I see no worries to those who invest in this project as I believe it will carry over and pass this bear season.
I'd see the merge that is about to happen cause some surge in its demand making the price spike. I'd see such an influence to the investor's mindset.

[rhomelmabini]

It has been days since the time of your posts but I think the answer of me will still be "Yes". I think it will test that wick from the early month of 2021 and few hundreds away until we do hit that 2k area. It's not a huge feat to break for ETH considering some considers it as a catalyst this September with the scheduled merge for the network.

[masterrex]

IMO, I believe Yes, I am very confident that the Eth price will break the 2K territory again, with all of the positive news happening around the Ethereum network nowadays in the upcoming merge from PoW to PoS and some other positive developments I'm sure it will be a catalyst to drive the Ethereum price to the moon and it will happen in this month and thats for sure.

[rhomelmabini]

Update:

As the time of this writing we already top at $2k especially on Binance exchange. Looks like it's just in the early week of August before it happens, I wouldn't be surprised if we go down again, this will be sideways movement not just for ETH but also for BTC.

[tokeweed]

^  Funny how some people are trying to convince themselves that the price action is 'sideways' even for BTC.  I mean are we looking at the same chart?  ETH bottomed out at around 800 - 900 and it's 100% up off of those lows right now.  BTC was at 17k and it's up around 40% off of the low. 

As of now, ETH and BTC's current price action is def not sideways.  Look at the chart, ETH broke out twice.

[rhomelmabini]

As of now, ETH and BTC's current price action is def not sideways.  Look at the chart, ETH broke out twice.

My bad ser, I'm not that referring on your daily timeframe, I'm referring it for the weekly candles. Sorry for breaking that bubble but sometimes we hit the unexpected and you could be right or I could be wrong or the other way around.

[tokeweed]

^  The weekly chart doesn't change anything much.  ETH is pretty much still up 100% from the recent low.  And it's been going up for 6 weeks straight now.  That's obv not sideways.  It's breaking out to upper ranges and it's trying to establish itself at the higher range. 

...  Sideways is when it's been going through a tight range in limbo with low volatility.  It's nothing like that rn.

[AakZaki]

Update:

As the time of this writing we already top at $2k especially on Binance exchange. Looks like it's just in the early week of August before it happens, I wouldn't be surprised if we go down again, this will be sideways movement not just for ETH but also for BTC.

No wonder ETH because I got the news that they are doing a trial for the mainet. They are doing some trials of Bellatrix upgrading on August 4th and merge with Goerli between August 6-12th. In addition, the price of BTC has also increased so I am sure that ETH will follow the movement of the BTC price.  If the trial is successful Mainet will be carried out in the month. They will switch from POW to POS. I think it will have a very strong effect on the price of ETH.

Source: https://cryptodaily.co.uk/2022/07/eth-developers-finalize-goerli-merge-details

[nira09]

Update:

As the time of this writing we already top at $2k especially on Binance exchange. Looks like it's just in the early week of August before it happens, I wouldn't be surprised if we go down again, this will be sideways movement not just for ETH but also for BTC.

That's right, even today ETH is still around $2000 USD. Several times ETH crossed the $2000 price but then continued with rejection, I think a lot of people placed sell orders at that price so it was quite difficult to cross, besides that $2100 is a resistance line for ETH.

[Chainsmokers]

Ethereum sentiment in August is indeed very neutral, this month there is nothing important for Ethereum,
but remember that next month is Ethereum month, and usually the price will also increase,
we know that they have already announced when Ethereum will switch to PoS, and it will be set in september,
so just hold ethereum.

[bitcampaign]

According to the information I read on this forum that ETH will merge their network this August and switch to the POS concept, maybe that's also what pushed the price of ETH up to $2000 today, I think it might be bullish when the merge actually works conducted

[super bako]

Ethereum sentiment in August is indeed very neutral, this month there is nothing important for Ethereum,
but remember that next month is Ethereum month, and usually the price will also increase,
we know that they have already announced when Ethereum will switch to PoS, and it will be set in september,
so just hold ethereum.

with the good news ethereum pow to this post can greatly increase the pump against ethereum. where this mainet will be carried out will be good news, with events like this it is likely that this altcoin with the ethereum network will get a good life someday, a sharp increase

[hyudien]

Anyway, how do you guys feel about the market right now?  Getting bullish?  And in a good way?  There are times when you have to worry when everybody starts getting bullish.  I feel like this is not that.  But dunno...  I want to know what you guys think.

For an Ethereum class, it could actually easily touch $2000 if the response to the market is much more positive, especially the more aggressive market focused on Bitcoin so that it will automatically give a little boost to Ethereum. This sounds positive, especially after the Ethereum 2.0 update clearly gives a little hope that it doesn't rule out the possibility of the end of the month being above $2000.

[peter0425]

it already does mate, just before the middle of August Ethereum already crossed 2k but now? this very moment that the price is starts to fall again , closing to below 1900 again.
if  this is going to continue then maybe price will stop at least at 1800 or 1700 level once again.

but I don't reall give thisa  big concern because I know that in the next coming days we will be seeing another increase and yes I think before the rear ends Ethereum will at least make it to 3k again.

[nutildah]

For an Ethereum class, it could actually easily touch $2000 if the response to the market is much more positive, especially the more aggressive market focused on Bitcoin so that it will automatically give a little boost to Ethereum. This sounds positive, especially after the Ethereum 2.0 update clearly gives a little hope that it doesn't rule out the possibility of the end of the month being above $2000.

You didn't even look at the chart -- it did break $2k, 3 times in the last 3 days... These are our 'Hero Members' 

[samcrypto]

Anyway, how do you guys feel about the market right now?  Getting bullish?  And in a good way?  There are times when you have to worry when everybody starts getting bullish.  I feel like this is not that.  But dunno...  I want to know what you guys think.

For an Ethereum class, it could actually easily touch $2000 if the response to the market is much more positive, especially the more aggressive market focused on Bitcoin so that it will automatically give a little boost to Ethereum. This sounds positive, especially after the Ethereum 2.0 update clearly gives a little hope that it doesn't rule out the possibility of the end of the month being above $2000.

The price of ETH already hit the level of $2k multiple times in the past days though it didn’t stay on that level for long but for sure, once ETH gained another momentum it will eventually go up and stay above $2k. The market is getting better and there’s a great hype with the merging in the network of ETH, if this succeed $3k level might be an easy target to break and become the new support level, we still have a half way through before the end of the Month.

[btc78]

Well it’s definitely going to do one of three things. It will perhaps just dick around more or less where it is now. But be careful, it may also totally tank a few hundred pounds. There is a chance though, that it will continue its rally and increase in value by a couple of hundred.
But it will be one of those three, trust me mate.

What you say is completely a clean answer lol, you gave the 3 things that safer to understand , of course it is either to drop, increase or Stay  

Update:

As the time of this writing we already top at $2k especially on Binance exchange. Looks like it's just in the early week of August before it happens, I wouldn't be surprised if we go down again, this will be sideways movement not just for ETH but also for BTC.

Thanks for the update mate , and yes I have seen my funds that are now increasing and yes there seems to be something coming in the coming weeks and months.

For an Ethereum class, it could actually easily touch $2000 if the response to the market is much more positive, especially the more aggressive market focused on Bitcoin so that it will automatically give a little boost to Ethereum. This sounds positive, especially after the Ethereum 2.0 update clearly gives a little hope that it doesn't rule out the possibility of the end of the month being above $2000.

How did you missed the market for answering lie this? maybe a market checking mate would help you answering this  question.

[bittraffic]

The price already went $2k recently, it should be able to bounce again to that level in a few days knowing there is a good response to the announcement made about the merge which could happen earlier than Sept 15th.

It did rally somehow along with  BTC going $25K. We're moving up without the halving, it's either fewer people are selling thier BTC or they have sold it all already.

[rhomelmabini]

For an Ethereum class, it could actually easily touch $2000 if the response to the market is much more positive, especially the more aggressive market focused on Bitcoin so that it will automatically give a little boost to Ethereum. This sounds positive, especially after the Ethereum 2.0 update clearly gives a little hope that it doesn't rule out the possibility of the end of the month being above $2000.

You didn't even look at the chart -- it did break $2k, 3 times in the last 3 days... These are our 'Hero Members' 

Didn't look out the chart nor read previous messages from this very thread, exhilarating kind of stuff tbh.

The price already went $2k recently, it should be able to bounce again to that level in a few days knowing there is a good response to the announcement made about the merge which could happen earlier than Sept 15th.

It's clear that the market has been exhausted and that it was overbought during the touchdown at $2k so this correction is something expected, I guess. I think the merge isn't the thing to look out for here but the fork as well, it's been the talk in town especially in Twitter and YouTube. I saw someone labeling it as a disaster and potentially that could affect Ether's price.