Ethereum drop gets me worried.

[serjent05]

In general, today the market drop and ETH drop are around 7%, of course not because of the merge process that has been completed for almost a month but because of the bearish market, it is impossible for Eth to run alone while the market is dropping, all we do is only patient and buy again when the price is cheap .

It can be a correction and also due to the bear market.  Aside from that, the creation of new ETH tokens is way cheaper than before so it is also another factor.  But nevertheless,  I still think ETH will will recover after this bear market despite of the controversies of the transition.  And I still think ETH is in for a huge correction in the coming months.

I agree the ETH market is going down because the overall cryptocurrency market is going down however i believe that POS ETH should have the same valuation like the POW one because the cost of production is not that much and hence it is selling at a huge margin   . I am expecting the price to go down further and i am not sure when they are planning to cap the number of coins in existence even though i heard these discussions earlier.

Capping ETH may bring great news for this will counter the cheap production of ETH.


@OP if you are in for a long run, then you need not to worry about ETH.  Developers and marketers are busy developing the ETH market so we just need to sit down and relax while hodling ETH.

[CuriousGeorge]

Ethereum Drop is only a correction, as long as the price of $ 1000 can survive The Ethereum drop will not last long,
but if $ 1000 is broken then of course this will be a special concern,
because the price of $ 1000 is a strong support price for Ethereum, so don't let your guard down.

Not really, in June when bitcoin dropped to 18k ethereum also dropped below 1k but then everything stabilized back above 1k. Even if ethereum drops more in my opinion, that's better than bad, it's an opportunity to buy a lot of ethereum cheap. It can be said that ethereum is like bitcoin, so no matter how deep the drop, it will rise again when the bear season ends.

As long as people can be patience and they shall buy the major coins as their holding but the problem it since it was being so difficult to make sure that if people are still able wait for next years. The bullish trend will always come after the bitcoin halving but it seems like the main problem is this time crypto is always rely with movement form the stock market.

[Chainsmokers]

Ethereum Drop is only a correction, as long as the price of $ 1000 can survive The Ethereum drop will not last long,
but if $ 1000 is broken then of course this will be a special concern,
because the price of $ 1000 is a strong support price for Ethereum, so don't let your guard down.

Not really, in June when bitcoin dropped to 18k ethereum also dropped below 1k but then everything stabilized back above 1k. Even if ethereum drops more in my opinion, that's better than bad, it's an opportunity to buy a lot of ethereum cheap. It can be said that ethereum is like bitcoin, so no matter how deep the drop, it will rise again when the bear season ends.

As long as people can be patience and they shall buy the major coins as their holding but the problem it since it was being so difficult to make sure that if people are still able wait for next years. The bullish trend will always come after the bitcoin halving but it seems like the main problem is this time crypto is always rely with movement form the stock market.

Cryptocurrencies now don't follow stock market movements, there's nothing to do there, cryptocurrencies are going down because the bearish season has arrived,
especially since the world is currently experiencing inflation, so cryptocurrencies are also affected, especially Ethereum, which continues to fall, which follows the price of Bitcoin.
for the fundamentals of Ethereum you don't have to worry, because the future of Ethereum is still very long.

[dunfida]

Ethereum Drop is only a correction, as long as the price of $ 1000 can survive The Ethereum drop will not last long,
but if $ 1000 is broken then of course this will be a special concern,
because the price of $ 1000 is a strong support price for Ethereum, so don't let your guard down.

Not really, in June when bitcoin dropped to 18k ethereum also dropped below 1k but then everything stabilized back above 1k. Even if ethereum drops more in my opinion, that's better than bad, it's an opportunity to buy a lot of ethereum cheap. It can be said that ethereum is like bitcoin, so no matter how deep the drop, it will rise again when the bear season ends.

As long as people can be patience and they shall buy the major coins as their holding but the problem it since it was being so difficult to make sure that if people are still able wait for next years. The bullish trend will always come after the bitcoin halving but it seems like the main problem is this time crypto is always rely with movement form the stock market.

Cryptocurrencies now don't follow stock market movements, there's nothing to do there, cryptocurrencies are going down because the bearish season has arrived,
especially since the world is currently experiencing inflation, so cryptocurrencies are also affected, especially Ethereum, which continues to fall, which follows the price of Bitcoin.
for the fundamentals of Ethereum you don't have to worry, because the future of Ethereum is still very long.

Economic condition + Recent Bearish market then you could really expect something like this and it is really likely for it to happen even ETH did make out some updates or recent changes.

Updates or changes on particular projects doesnt always mean that it would really be increasing its price.This doesnt work on that way and this is something that investors or someone who did make

some purchase of crypto coins should really be prepared.Not everytime which your plan would really be going smoothly and this is part of the risk.

[RussiaUkraineTranslation]

Ethereum drops after proof-of-stake.
Source' channelsnews.com

My worry right now is that, is it going to drop worst more than it has already and what are the chances of it pulling up within the shortest possible period?

As am getting the feeling of withdrawing my asset before it gets worst or am I been too haste.

It dropped because the merge isn't an upgrade and it made the chain more centralized. People are selling their ETH and smart money is waiting to invest in MAXX finance, SUI, and APTOS when they launch in Q4. Keep an eye out for those.

[Eternad]

What happens to Ethereum is common because the impact of the market is bearish, other coins even drop significantly such as cakes, solana, cardano and others, other impacts because Duna is facing economic recession so that many people need cash to cover up needs.

It’s not only Ethereum experiencing down trends  in crypto market, even in other market such as stock market experiencing also now some dump. We can’t deny how the economic crisis is also affecting the trading and investment platforms plus the threat of more war and recession that is happening in many countries. The good thing about bitcoin as well ETH being in top of the charts and having able to survive despite bearish trend in the past years we will just need to wait once all this occurrences over.

[bitgolden]

We shouldn't be worried about the future of ETH because people are already too much worried about it. The reality is that we should be focusing a bit more towards what could be the benefits and what could increase it, that is a lot better.

There will be an increase on all of crypto prices, the bull run will eventually come, so we should be focusing on what could make that happen, what would need to happen in order for crypto prices (and obviously ETH with them) to increase? If we can find an answer to that, then we can find a better way out of the current situation. Being afraid of the prices is easy, being brave enough to wait for them to recover is the hard thing that makes you profit.

[rendravolt]

What happens to Ethereum is common because the impact of the market is bearish, other coins even drop significantly such as cakes, solana, cardano and others, other impacts because Duna is facing economic recession so that many people need cash to cover up needs.

It’s not only Ethereum experiencing down trends  in crypto market, even in other market such as stock market experiencing also now some dump. We can’t deny how the economic crisis is also affecting the trading and investment platforms plus the threat of more war and recession that is happening in many countries. The good thing about bitcoin as well ETH being in top of the charts and having able to survive despite bearish trend in the past years we will just need to wait once all this occurrences over.

It's hard to accept but that's the truth. War and economic recession are still hot conversations until now, even 2023 may be the toughest year for everyone. But I think we have to stay calm in the face of all this even though it's very difficult but try to survive under any circumstances. Holding bitcoin and ethereum doesn't seem like anything to be afraid of.

[bitterguy28]

Ethereum drops after proof-of-stake.
Source' channelsnews.com

My worry right now is that, is it going to drop worst more than it has already and what are the chances of it pulling up within the shortest possible period?

seemingly ? the price increases a little now meaning the drop looks stopped already and may not be getting any low in the next coming months or at least the whole 4th quarter?

As am getting the feeling of withdrawing my asset before it gets worst or am I been too haste.

You are just too Haste because look at it now? the price moves normal and now we are seeking for another increase at least with in October.

What happens to Ethereum is common because the impact of the market is bearish, other coins even drop significantly such as cakes, solana, cardano and others, other impacts because Duna is facing economic recession so that many people need cash to cover up needs.

Seems like correct mate.

[WalkerIVIV]

What happens to Ethereum is common because the impact of the market is bearish, other coins even drop significantly such as cakes, solana, cardano and others, other impacts because Duna is facing economic recession so that many people need cash to cover up needs.

Yeah. i have the same opinion like you but in additional if newbies must know what thing that already happened before. In my opinion if there would be no something special from merge. Basically it does only to change consensus of network.
A bit surprised to see that even when merge already happened last month and people are still thinking eth gonna moon.

[Sterbens]

We shouldn't be worried about the future of ETH because people are already too much worried about it. The reality is that we should be focusing a bit more towards what could be the benefits and what could increase it, that is a lot better.

There will be an increase on all of crypto prices, the bull run will eventually come, so we should be focusing on what could make that happen, what would need to happen in order for crypto prices (and obviously ETH with them) to increase? If we can find an answer to that, then we can find a better way out of the current situation. Being afraid of the prices is easy, being brave enough to wait for them to recover is the hard thing that makes you profit.

True, holding on and waiting is something very difficult to do. Especially if we are filled with worries that may actually be baseless and are only affected by people saying things we don't want to hear. In fact, ETH is still a coin that has the potential to make us big profits in the future. But if you don't have enough courage then take our money, because maybe this will disturb our mentality.

[Cryptomiles1]

Nobody wants to see their investment down or watching to see how what they spent high amount of money to buy goes down to about 30 percentage, 20 percentage its more discouraging. As per the price I believe after the bear market ETH will take up its place and price could bounce back if would advise you just have a little patient and load your bags a bit.

[WalkerIVIV]

Nobody wants to see their investment down or watching to see how what they spent high amount of money to buy goes down to about 30 percentage, 20 percentage its more discouraging. As per the price I believe after the bear market ETH will take up its place and price could bounce back if would advise you just have a little patient and load your bags a bit.

True but they must also accept about the truth. None knows what's gonna happen with ethereum before and many of them were only trying to see the hype and they never try to expect if merge did nothing for ethereum. that's why they must also accept the truth if ethereum was even going down to the bottom after merge. newbies are always expecting big from there.

[bounceback]

Nobody wants to see their investment down or watching to see how what they spent high amount of money to buy goes down to about 30 percentage, 20 percentage its more discouraging. As per the price I believe after the bear market ETH will take up its place and price could bounce back if would advise you just have a little patient and load your bags a bit.

True but they must also accept about the truth. None knows what's gonna happen with ethereum before and many of them were only trying to see the hype and they never try to expect if merge did nothing for ethereum. that's why they must also accept the truth if ethereum was even going down to the bottom after merge. newbies are always expecting big from there.

When the merger event was almost held last month, many investors tried to take advantage of the momentum by buying some ETH coins and hoped that when the merger was completed it could make the coin price soar, but the reality is different from what many people expected, where after the merger the price dropped and until now it's still hard to get back into the $1.6k area where $1.6k was the pre-merger eth price.

[Punakawan]

When I was new and invest coins then a week drops more than 10% I panicked and sold everything, of course it is natural that we invest and see assets that continue to decline so that we think that there is no hope to rise again.

[NewRanger]

Nobody wants to see their investment down or watching to see how what they spent high amount of money to buy goes down to about 30 percentage, 20 percentage its more discouraging. As per the price I believe after the bear market ETH will take up its place and price could bounce back if would advise you just have a little patient and load your bags a bit.

True but they must also accept about the truth. None knows what's gonna happen with ethereum before and many of them were only trying to see the hype and they never try to expect if merge did nothing for ethereum. that's why they must also accept the truth if ethereum was even going down to the bottom after merge. newbies are always expecting big from there.

alot traders still didnt understand ,how roumor and fact will give impact to price. Most of them only care about hype thata going on at that time. Ethereum price as expected whales,they create fomo by pumping its price before merge . While alot retaild traders fomo they will sell it. This is the fundamental often happened ,but alot of us didnt learn from experience.

[carlisle1]

When I was new and invest coins then a week drops more than 10% I panicked and sold everything, of course it is natural that we invest and see assets that continue to decline so that we think that there is no hope to rise again.

Very important to know how to analyze the market before engaging and deciding with what you'll going to do, if you think
that there's no reason to continue holding better to sell and try to invest with other coin.

If you invest, then make sure that you have all the reason to believe that the project will bring you decent amount of
profits, never to sell with losses.

ETH might continue to drop as there are factors that will keep it low, but sooner or later when the entire market around
crypto recover, ETH will surely bounce back and give you decent benefits.

[asriloni]

In general, today the market drop and ETH drop are around 7%, of course not because of the merge process that has been completed for almost a month but because of the bearish market, it is impossible for Eth to run alone while the market is dropping, all we do is only patient and buy again when the price is cheap .

agreed with this one, the market isn't getting better meanwhile eth trying to breakthrough meaning it's going against the current and as a result it's instead losing its value almost immediately, I think as you said, it could go against the bearish, meaning eth isn't that strong.

[peter0425]

Ethereum drops after proof-of-stake.
Source' channelsnews.com

My worry right now is that, is it going to drop worst more than it has already and what are the chances of it pulling up within the shortest possible period?

As am getting the feeling of withdrawing my asset before it gets worst or am I been too haste.

It dropped because the merge isn't an upgrade and it made the chain more centralized. People are selling their ETH and smart money is waiting to invest in MAXX finance, SUI, and APTOS when they launch in Q4. Keep an eye out for those.

Yeah right , as your post last page are about that MAXX Finance that I don't think there are lot of future ahead of this and Finance projects are good in the past but nowadays? I'm not sure if they are still great to invest now.

In general, today the market drop and ETH drop are around 7%, of course not because of the merge process that has been completed for almost a month but because of the bearish market, it is impossible for Eth to run alone while the market is dropping, all we do is only patient and buy again when the price is cheap .

agreed with this one, the market isn't getting better meanwhile eth trying to breakthrough meaning it's going against the current and as a result it's instead losing its value almost immediately, I think as you said, it could go against the bearish, meaning eth isn't that strong.

lets see what ETH can do in the end of this year , or at least in 2024 halving that may take place 1 year and more than 6 months from this moment.

[monineklutak]

In general, today the market drop and ETH drop are around 7%, of course not because of the merge process that has been completed for almost a month but because of the bearish market, it is impossible for Eth to run alone while the market is dropping, all we do is only patient and buy again when the price is cheap .

agreed with this one, the market isn't getting better meanwhile eth trying to breakthrough meaning it's going against the current and as a result it's instead losing its value almost immediately, I think as you said, it could go against the bearish, meaning eth isn't that strong.

Making decisions against the tide is definitely risky but to be honest I'm not too worried about Ethereum,
the market is also still in bearish condition and we don't know when the market will rise,
let's see how Ethereum will develop in the future