Why ETH price keeps decreasing?

[trendcoin]

The Cryptocurrency market always acts as a whole... When the market crashes, very few cryptocurrencies diverge positively from the drop. It is Bitcoin that determines the direction of the market. It is not right to expect a positive divergence of the Ethereum price while the Bitcoin price is falling. For now, there is more or less such a market order. Market conditions act as if they were determined precisely. Therefore, I think it is not a very right thing to expect Ethereum or other cryptocurrencies to act independently of the market.

[1715238125]

1715238125

[1715238125]

1715238125

[1715238125]

1715238125

[Lagduf]

All altcoins fluctuate in price depending on Bitcoin.  But cryptocurrency prices never follow the stock market.  Stock market is one thing and cryptocurrency is a different thing.  Cryptocurrencies are not comparable to the stock market. So I disagree with your example

Crypto market has no correlation with stock market but if there is any similarity of price movement chart then it is just coincidence and unrelated, so he should be able to tell the difference and since the two are on different sides I also disagree and he should know more on the crypto market.

It has, you shall watch it properly. The market was always following the stock market. The correctlation was also very strong. It';s caused by investors who have been investing in the crypto was also doing the same thing with the stock market too. I think that you must also aware about this. This is the truth and it can't be denied. The price movement in the crypto is pretty similar as stock market.

[borovichok]

The Cryptocurrency market always acts as a whole... When the market crashes, very few cryptocurrencies diverge positively from the drop. It is Bitcoin that determines the direction of the market. It is not right to expect a positive divergence of the Ethereum price while the Bitcoin price is falling. For now, there is more or less such a market order. Market conditions act as if they were determined precisely. Therefore, I think it is not a very right thing to expect Ethereum or other cryptocurrencies to act independently of the market.

Ethereum works hand in hand with Bitcoin, it follows the bull and dump run of Bitcoin which makes Bitcoin the most popular and top coin in the space. Bitcoin is having a really dump season and this have been lengthy and some traders ad investors still have strong doubt that it will retest back to the top which it will make a bull run to $100k. That will be also a bull run for ETH also, since it's second in line with Bitcoin. Market is currently in bear season and good time to bagged as much coins one needs as purpose and get ready for the bull season.

[Kadal Ijo]

ETH and almost top coins are certainly experiencing difficult times, this is because the market is drops so that what happens to the drops is generally an impact, if the eth drops then we can be sure that other coins are also drops, because the current ETH position is the second strongest After Bitcoin.

[Minecache]

All altcoins fluctuate in price depending on Bitcoin.  But cryptocurrency prices never follow the stock market.  Stock market is one thing and cryptocurrency is a different thing.  Cryptocurrencies are not comparable to the stock market. So I disagree with your example

Crypto market has no correlation with stock market but if there is any similarity of price movement chart then it is just coincidence and unrelated, so he should be able to tell the difference and since the two are on different sides I also disagree and he should know more on the crypto market.

It has, you shall watch it properly. The market was always following the stock market. The correctlation was also very strong. It';s caused by investors who have been investing in the crypto was also doing the same thing with the stock market too. I think that you must also aware about this. This is the truth and it can't be denied. The price movement in the crypto is pretty similar as stock market.

My observations also do not see any correlation between crypto market and stock market, no evidence that stock investors are also investing in crypto. My friends who invest in stocks don't like cryptocurrencies, and I'm the opposite of them. The common point of both is that both are in a crisis economy and are both risky markets, so there will be common reactions when any bad news happens. This similarity will soon end when the economy recovers and returns to normal.

[Baofeng]

All altcoins fluctuate in price depending on Bitcoin.  But cryptocurrency prices never follow the stock market.  Stock market is one thing and cryptocurrency is a different thing.  Cryptocurrencies are not comparable to the stock market. So I disagree with your example

Crypto market has no correlation with stock market but if there is any similarity of price movement chart then it is just coincidence and unrelated, so he should be able to tell the difference and since the two are on different sides I also disagree and he should know more on the crypto market.

It has, you shall watch it properly. The market was always following the stock market. The correctlation was also very strong. It';s caused by investors who have been investing in the crypto was also doing the same thing with the stock market too. I think that you must also aware about this. This is the truth and it can't be denied. The price movement in the crypto is pretty similar as stock market.

My observations also do not see any correlation between crypto market and stock market, no evidence that stock investors are also investing in crypto. My friends who invest in stocks don't like cryptocurrencies, and I'm the opposite of them. The common point of both is that both are in a crisis economy and are both risky markets, so there will be common reactions when any bad news happens. This similarity will soon end when the economy recovers and returns to normal.

For me, we can't really deny that there is some sort of correlation between all financial markets, it's that crypto is very volatile as compare to stock market and others. And that's why there are traders in other market that doesn't want to try crypto and then there are those wall street who are willing to take that risk here because of the huge rewards.

For Ethereum not really having a good increase despite it's merging and it's supply being burned, I guess the main reason is that there are no investors or more sellers simply as that. Nevertheless it doesn't mean that Ethereum is not a good project to invest, it's the second best behind bitcoin.

[posi]

For Ethereum not really having a good increase despite it's merging and it's supply being burned, I guess the main reason is that there are no investors or more sellers simply as that. Nevertheless it doesn't mean that Ethereum is not a good project to invest, it's the second best behind bitcoin.

The only main reason here is bitcoin, the entire market is still dependent on the movement of bitcoin, ethereum or any other potential coin will not be able to increase in price if bitcoin does not move. And bitcoin depends on the economic situation we are in a volatile economy so hard to expect a bull run this year. Everyone is focusing on dealing with inflation which is increasing day by day so they don't have too much time and money to invest, without new money flowing into the market, a bull market cannot be expected.

[goinmerry]

Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.

Why hasn't this had a beneficial effect on the price of ETH?

Not just because a certain event happened that is expected to bring the hype, it should be supposed to fill up the expectations of most people.

That's the problem when there's anticipation, if the expectation didn't happen, everything will now question what happened and that doesn't have really an accurate answer, to begin with.

Maybe just lower the expectation as there's no overnight good progress. Instead, Try to look forward in the long term.

[justdimin]

ETH and almost top coins are certainly experiencing difficult times, this is because the market is drops so that what happens to the drops is generally an impact, if the eth drops then we can be sure that other coins are also drops, because the current ETH position is the second strongest After Bitcoin.

Yeah you are right, if we were in a bull run, the merge would have increased the price of ETH  a ton, and people would be cheering for it, because during the bull run whatever you do is considered to be a good thing. But, because we are in a bear market right now, it's obvious that we are not going to really get anything special out of it, and that kind of upsets me.

The same thing that would be good in the eyes of many people, could become an unimportant thing suddenly because of the market condition. I hope that one day we will get over this, and be in the bull run again and we could see how great ETH could become, 10k+ price is not impossible for ETH in the next 2-3 years.

[pawanjain]

I personally think ETH is by far the best altcoin out there which is why it is at the second rank by marketcap.
It has completed the merge without any setbacks which shows how well planned the merge was.
Also, I think we will get to see the affects of this merge in the long run.
Currently since we are in a bear market it might be shadowing the potential of ETH growth but lets see how it goes when the bull market returns.

[virasisog]

I personally think ETH is by far the best altcoin out there which is why it is at the second rank by marketcap.
It has completed the merge without any setbacks which shows how well planned the merge was.
Also, I think we will get to see the affects of this merge in the long run.
Currently since we are in a bear market it might be shadowing the potential of ETH growth but let's see how it goes when the bull market returns.

Ethereum is a top utility coin and its potential isn't questionable. There are just lots of occurrences that are happening in our economy that affect the blockchain market including Ethereum. The inflation crisis is one of the reasons why the market has been in a bearish condition but most cryptocurrencies including Bitcoin are dropping down. The decrease in the price of Ethereum doesn't affect its potential. It will remain on top because of its promising function which is the reason why many investors trust it.

[len01]

For Ethereum not really having a good increase despite it's merging and it's supply being burned, I guess the main reason is that there are no investors or more sellers simply as that. Nevertheless it doesn't mean that Ethereum is not a good project to invest, it's the second best behind bitcoin.

and to be more precise is because merging will be like a long term project taking a very long time.
and it's all also influenced by the ongoing bearish market that causes investors to be afraid to invest in coins other than bitcoin even though ethereum is the second best after bitcoin.
maybe we can see what will happen in the future after the bulls come maybe ethereum will have a slightly better increase than this

[Questat]

For Ethereum not really having a good increase despite it's merging and it's supply being burned, I guess the main reason is that there are no investors or more sellers simply as that. Nevertheless it doesn't mean that Ethereum is not a good project to invest, it's the second best behind bitcoin.

and to be more precise is because merging will be like a long term project taking a very long time.
and it's all also influenced by the ongoing bearish market that causes investors to be afraid to invest in coins other than bitcoin even though ethereum is the second best after bitcoin.
maybe we can see what will happen in the future after the bulls come maybe ethereum will have a slightly better increase than this

I hope we could see the impact of the said merge someday but for now, we can't blame people for considering it to have a negative impact because that is what we see. The decline after the merge? It is really hard to appreciate that thing as we are expecting the price rally after, unfortunately, it goes in a different direction that embarrasses to most of us.

I see ETH still has the potential but I don't have to expect that because of the merge we will see its price move high. Because at this time, I was already relying upon the upcoming halving which helps to increase demand and uplift the price.

[Blawpaw]

Well, in reality, and since that Ethereum became the most centralized project within the cryptocurrency space, the logic would be for the token to get to a price which would be usable. In order to be used as he main option for smart contracts, Ethereum would have to have a steady and low price who would not greatly impact the cost of transactions. IMO, any smart contract network who wants to survive, needs to set its price range into an affordable price so to not to stifle the development of new project in the network.

[wxa7115]

I personally think ETH is by far the best altcoin out there which is why it is at the second rank by marketcap.
It has completed the merge without any setbacks which shows how well planned the merge was.
Also, I think we will get to see the affects of this merge in the long run.
Currently since we are in a bear market it might be shadowing the potential of ETH growth but let's see how it goes when the bull market returns.

Ethereum is a top utility coin and its potential isn't questionable. There are just lots of occurrences that are happening in our economy that affect the blockchain market including Ethereum. The inflation crisis is one of the reasons why the market has been in a bearish condition but most cryptocurrencies including Bitcoin are dropping down. The decrease in the price of Ethereum doesn't affect its potential. It will remain on top because of its promising function which is the reason why many investors trust it.

Even if some people do not like the transition that ethereum made to proof of stake and which made it even more centralized it is undeniable that it is one of the most influential coins we have in the market.

So even if it has not done as well as people believe it would have due to the hype created by this transition there is no reason for people to be worried about, since it is obvious that once the next bull market comes ethereum is going to be once again one of the best performers among the top coins in the market.

[Gayong88]

Why hasn't this had a beneficial effect on the price of ETH?

No one knows exactly what will happen in the future. But if history is any guide, ethereum appears to be holding its value better than most in recent months. It's hard to predict what the future holds, but as of now, it looks like ethereum investors are doing better than most.

Ethereum may be able to maintain its value in the long term. The general sentiment for cryptocurrencies seems very bearish at the moment. The market has taken a beating and plunged June $993.4 from its January high of $3,761 but there is too much exciting going on with Ethereum for the price of ETH to fall into complete doldrums.

[Flexystar]

This was supposed to be question before entering to PoS actually.   
The bloody trend is due to current market situation and off course due to ETH changing its technology. What do you think miners did with their mined coins? Hold it out of goodness for the community and forget about their profits? Nah, I don’t think so. They are going all in right now and ETH getting liquidated at higher rates. This isn’t speculation but it is perfect logic behind the decline of ETH price.
It will take time for stakers to regain the market and then sudden jump will follow.

[Polkeins]

Also, I think we will get to see the affects of this merge in the long run.

Ethereum is deflation very well and gas fees are also very cheap compared to pre-merger. Actually ETH has improved a lot but people don't mind, people just want to see its price go up then that's called success. But in the long run, it is these things that will drive the price of ETH higher.

Deflation as such does not greatly affect the price, the main thing is the importance and usefulness of the asset. While USDT is still partially on the ETH network, most of the NFT is also connected to the ETH and many projects also use the ETH platform, the price for ETH can (and probably will) grow.

If ETH wouldn't be needed anymore, no deflation will save the asset from falling.
When ETH switched to POS and censoring transactions some people and projects will be away from ETH.

[amihada]

Bitcoin is currently down, so naturally the price of ethereum is also going down, all altcoins be it ethereum, bnb or other alcoins are very dependent on bitcoin movements, I need to remind you this is a good time to invest in ethereum.

[wxa7115]

This was supposed to be question before entering to PoS actually.   
The bloody trend is due to current market situation and off course due to ETH changing its technology. What do you think miners did with their mined coins? Hold it out of goodness for the community and forget about their profits? Nah, I don’t think so. They are going all in right now and ETH getting liquidated at higher rates. This isn’t speculation but it is perfect logic behind the decline of ETH price.
It will take time for stakers to regain the market and then sudden jump will follow.

It was basically inevitable that something like would have happened, ETH miners are facing huge losses not only because now they cannot find another coin to mine for profit, but also because they had to sell their equipment and they had to do it for a loss, so they had not other choice but to sell whatever ethereum they had in store.

But since many miners were doing the same this lowered the price of ethereum after its transition to POS, however now it seems that finally things are improving for ethereum and the market in general as I see a lot of green during the last week, a tendency I hope can be maintained for some time.