ETH Sentiment Poll for September

[tokeweed]

^  And BTC seems to follow the price action of the US futures market for stock indices.  Try adding the Nasdaq since it's an index for mostly tech stocks and the broader S&P 500 index in your watch list together with BTC.  It's as close as it can get when crypto started going into a bear market.  I think it would've been worse if Asia session still mattered.  But since China went ahead and banned most of trading crypto, their influence over the market isn't as strong as it once was.  Imagine going through a huge dump during US session then followed by another dump during Asia session.  :/

[lepbagong]

Ethereum has been very volatile these days maybe because of the occurrence of the merge but, surprisingly, it didn't even pump when the actual merge happened. I guess there were lots of investors who accumulated and then sold their Ethereum expecting that it could be profitable after the said event. Ethereum still goes along the price of Bitcoin.

ethereum is clearly still following the movement of bitcoin, where until now bitcoin is still slumped and ethereum is also following it even though there is a merger that does not affect either to increase or decrease, all because of the bitcoin factor alone.
the poll from the OP is clear that more people believe that ethereum will be close to $1K even if it isn't, but more so to $2K which is clearly further away.
but this is an indication that everyone still believes that Ethereum has not been able to move up and will continue to follow where bitcoin leads.

from the beginning of april ethereum continued to decline from $3.5K to reach $897 in mid-June, and briefly increased in august but couldn't get past $2k, and finally continued to fall back until now where the price was $1.327. but there will be no significant increase until the end of this year, will ethereum be able to pass the $2K ? looks like it will still be difficult and will continue to be below $2K.

[Dr.Osh]

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The impact of the merger doesn't seem to be too visible because the price movement of ethereum has not increased too high and the price has fallen for a while. But we can hope that when the altcoin season comes, everything can change and make the price of ethereum increase and at that time, the price can break the high price again. It seems that the movement of ethereum still tends to follow the movement of bitcoin so that the price of ethereum does not rise too high. So we still have to be patient in waiting for that upward moment while buying more ethereum.

as said before, the price of ethereum did not increase even after the merge occurred, it was caused because we are still in a bear market. and so far, the movement of ethereum is still heavily dependent on bitcoin. However, one thing I'm pretty sure of is that when the price of bitcoin pumps, or when we have exited a bear market, the potential for a push in the price of ethereum will likely be bigger than before. In addition, it seems that it is not only crypto that is currently in a bear market, but now it seems that the bear market still includes all types of investments. so, we really need to add patience.

Back to the topic of ethereum prices, if we look at the chart on CMC in September 2022, this really proves that currently the merge effect of ethereum has not produced a positive effect. That's because, the chart from the beginning of September to the end of the month the price of ethereum is relatively declining. As can be seen in the image data from CMC below.



In addition, according to Cointelegraph, the price of ethereum is currently in the range of $1,250 and $1,410, it is possible that a price increase above $1,410 could be a signal that the price of ethereum is starting to rise again, and below $1,250, it means that we will be sinking deeper into a bear market.