According To me Ethereum Looks Weak

[fennic]

Hi guy I drew chart, I know I am not expert but I will say that I will say that In start of new year Bitcoin is looking weak and that's not good for the Cryptocurrency makret.
I have seen that Bitcoin is looking too weak, and also volume is also going too much down and also down and that will draw short people to go down more dropped. Let's see what will happen with Ethereum in coming days. I am waiting to buy Ethereum at 500-700 dollars Rnage when it will come.



So what you guys will say if there are some experts. We cannot project anything full clear but we can say that at least technical analysis wouod be great.

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[Oceat]

Where are you when ETH was in the $500 range in 2020?

Why wait for it to drop to $500-$700 when you can just buy them right now by doing DCA. The price range you are waiting might take some time to happen since it will only go down once there's a FUD or Bitcoin will drop. And by comparing those previous price of ETH in $500 during Nov 28, 2020, BTC price at that time was at $19k. Do you think it will happen again when you already missed it?

If you keep waiting for the price to drop at what you are expecting price you might missed your chances when you can just buy some right now since it's quite low compared to its ATH price.

[irsykes]

Where are you when ETH was in the $500 range in 2020?

Why wait for it to drop to $500-$700 when you can just buy them right now by doing DCA. The price range you are waiting might take some time to happen since it will only go down once there's a FUD or Bitcoin will drop. And by comparing those previous price of ETH in $500 during Nov 28, 2020, BTC price at that time was at $19k. Do you think it will happen again when you already missed it?

If you keep waiting for the price to drop at what you are expecting price you might missed your chances when you can just buy some right now since it's quite low compared to its ATH price.

right, now is a good moment to gradually buy altcoins from now on. the discounted price is now showing an average of -70% I also anticipate not throwing away my money directly, the gradual method is the safest. and this moment should not be missed. although there is a lot of news that bitcoin will still drop in price in the future to reach 12k or maybe more, but the market is difficult to predict, there could be good news that suddenly

[OgNasty]

I don't know about the "looks" of Ethereum, but knowing what I know about it's founding, holders, and coins waiting to be dumped onto the market, I wouldn't feel good buying it now.  So many coins are locked up with huge gains in the ETH2 contract, waiting for their opportunity to be withdrawn and dumped, it is going to certainly have a negative effect on the price.  The longer it takes to allow this withdrawal, the more customers will be looking to cash out, not to mention the more ETH they'll have from interest to cash out.  So for me, regardless of how it looks, I wouldn't come near ETH until after the ETH2 coins are dumped onto the market.  Bitcoin seems a much better option, although I can understand sitting on the sidelines until the mtgox coins are dumped as well.

[o48o]

I don't know about the "looks" of Ethereum, but knowing what I know about it's founding, holders, and coins waiting to be dumped onto the market, I wouldn't feel good buying it now.  So many coins are locked up with huge gains in the ETH2 contract, waiting for their opportunity to be withdrawn and dumped, it is going to certainly have a negative effect on the price.  The longer it takes to allow this withdrawal, the more customers will be looking to cash out, not to mention the more ETH they'll have from interest to cash out.  So for me, regardless of how it looks, I wouldn't come near ETH until after the ETH2 coins are dumped onto the market.  Bitcoin seems a much better option, although I can understand sitting on the sidelines until the mtgox coins are dumped as well.

There's another alternative to this, and that is these dumpers refuse to dump their ETH because it's down, and they know just like you . They see same exact thing happening when take rewards get and rather keep waiting to sell after dumpers and aftr price is back up. I mean if they had patience to hold this long, they most likely have patience for another year.

[darewaller]

Where are you when ETH was in the $500 range in 2020?

Why wait for it to drop to $500-$700 when you can just buy them right now by doing DCA. The price range you are waiting might take some time to happen since it will only go down once there's a FUD or Bitcoin will drop. And by comparing those previous price of ETH in $500 during Nov 28, 2020, BTC price at that time was at $19k. Do you think it will happen again when you already missed it?

If you keep waiting for the price to drop at what you are expecting price you might missed your chances when you can just buy some right now since it's quite low compared to its ATH price.

right, now is a good moment to gradually buy altcoins from now on. the discounted price is now showing an average of -70% I also anticipate not throwing away my money directly, the gradual method is the safest. and this moment should not be missed. although there is a lot of news that bitcoin will still drop in price in the future to reach 12k or maybe more, but the market is difficult to predict, there could be good news that suddenly

Oh, that's great but I wonder where is the drop coming from? I am sure not in Bitcoin because its price is still the same but in fact when I check BTC earlier, it gained some and then its colour is green again. Altcoins are supposed to increase and not drop right? Since BTC is their leader and they obey it whatever it do.

2023 is suspected to be a continuous dump year for the whole crypto so yeah we should not hurry up when buying and use most of our money but we can just do a DCA to be able to gain access for a better buying entry. If they missed the last times bear then they still have a chance. They shouldn't missed this one because this may be the last bear we have before the rally begins.

[samcrypto]

There's another alternative to this, and that is these dumpers refuse to dump their ETH because it's down, and they know just like you . They see same exact thing happening when take rewards get and rather keep waiting to sell after dumpers and aftr price is back up. I mean if they had patience to hold this long, they most likely have patience for another year.

Holding for that long indicates that they are still hoping for a better price with ETH and believe that its not over for ETH. We are still on a bear market, that’s why the market is still weak and personally I see this as an opportunity to buy though the chance of hitting the real bottom are more likely to happen in the first quarter of 2023, you can choose just to hold or try to increase your holdings, this is still ETH the top altcoin.

[JeffBrad12]

even though it could be losing value in the future, one thing for sure with eth is that its ecosystem is too big for it to just lose its value forever, eventually it will go back up again and recover its value.
it's unlike some random coins that just goes down forever, it has underlying fundamental that's really strong so I wouldn't worry if I were the ones that has invested in ETH, but certainly there's always chance that this coin gonna gets corrected more.
after all there were many projection by the so called market analyst that in 2023 it's gonna be difficult all around therefore it's certainly better if we could be prepared that maybe 2023 isn't any different with this year considering the trend and economic circumstances.

[len01]

bitcoin is not weak right now, it's just that investors are waiting for the price to drop to their desired target in 2023. it is possible that bitcoin will decrease in price because of the effects of the recession that occurred this year and all altcoins will also decrease in price because the price of bitcoin dominates the market so that when bitcoin dumps all coins will follow.

for ethereum price speculation i am not sure if it will touch $500-$700 because ethereum fundamentals are very strong and i think it would be better to buy DCA strategy at around $1000 or $900

[ethereumhunter]

Bitcoin may have looked weak and didn't move much last December and January has just come so we'll see how bitcoin moves in the future. But waiting to buy ethereum for $500-$700 is too long to happen because the price is still at $1.19x. Apart from that, we also don't know whether it is true that Ethereum will fall to that level or whether it will experience a reversal along with the movement of Bitcoin. Ethereum moves based on bitcoin's movement, although it won't always be. At least, that's what has been going on forever. And if that's what you want, it might be too late to buy ethereum and I suggest you do a DCA.

[bitterguy28]

Hi guy I drew chart, I know I am not expert but I will say that I will say that In start of new year Bitcoin is looking weak and that's not good for the Cryptocurrency makret.
I have seen that Bitcoin is looking too weak, and also volume is also going too much down and also down and that will draw short people to go down more dropped. Let's see what will happen with Ethereum in coming days. I am waiting to buy Ethereum at 500-700 dollars Rnage when it will come.



So what you guys will say if there are some experts. We cannot project anything full clear but we can say that at least technical analysis wouod be great.

That is your saying and its good that you have your own identification of market, but most of the times our expectation comes opposite to what will happen so maybe have your ways a little chance to different market reaction and what i believe is Ethereum may not fall that low so better buy now? or regret sooner.

[klidex]

Hi guy I drew chart, I know I am not expert but I will say that I will say that In start of new year Bitcoin is looking weak and that's not good for the Cryptocurrency makret.
I have seen that Bitcoin is looking too weak, and also volume is also going too much down and also down and that will draw short people to go down more dropped. Let's see what will happen with Ethereum in coming days. I am waiting to buy Ethereum at 500-700 dollars Rnage when it will come.

So what you guys will say if there are some experts. We cannot project anything full clear but we can say that at least technical analysis wouod be great.

In the last few months Bitcoin has been observed to be very weak, it is so difficult for Bitcoin to be able to stabilize prices.
Therefore the cryptocurrency market is always shaky and difficult to survive because the prices of all crypto assets are driven or depend on the price of Bitcoin itself.
So don't be surprised if ETH also experiences the same thing because indeed ETH is classified as one of the Altcoins whose price is also centered on bitcoin.
But don't worry, in fact you can take advantage of this momentum to take large amounts of ETH at prices that tend to be cheaper.
you only need to analyze the right position to be able to take ETH at the lowest price.

[GreatArkansas]

(....)
Let's see what will happen with Ethereum in coming days. I am waiting to buy Ethereum at 500-700 dollars Rnage when it will come.

Seems during these days and the price level of a high market cap cryptocurrency just like Ethereum and Bitcoin, expect that Ethereum will also follow Bitcoin. So if Ethereum will reach $1,000 or below level, I expect Bitcoin will drop also $10,000 or below.
These are all possible, especially since we already experienced the $1,000 and below of Ethereum last June 2022. I believe we will test it again this year.

[Yamifoud]

You are predicting ETH into a terrible thing happen but I don't think it was right.
Honestly, you can't assume OP that will happen to ETH. Let's say it was weak in your view and opinion but if you look around and do some searches, you can find that ETH is more valuable than any other coins, even BTC. We can't just value a particular coin base on the current situation or on its price but we value a project base on what is its role in the crypto market. In fact, it never happens to have in the 2nd place if your thinking is right.

Just look back at what happened last 2021, I'm sure that you can never tell ETH is weak.

[Adbitco]

Is there any probability?
we don't expect only Ethereum to dip that price of $500 to $700 without affect the entire crypto market and you know what that negative reaction it would caused the general crypto market. This seems to be less -30 percent dip which this might raise many dust and panic in the market, basically it would be difficult for this to happen even if it will occur it would been the era of Luna and FTX collapse and many other would have brought it down to $500 yet it still maintaining its position to be around $1k plus.
Buy when is possible rather than waiting to depreciate in price before buying.

[KennyR]

Don't expect much from the market, just move with the flow. Ethereum stands next to bitcoin in all means. Whether it is growth, crash or positive move ethereum completely depends on the bitcoin market. Ethereum isn't weak, it is moving based on the market movement.

Expecting $500-$700 is good, but the same should not let you miss the investment opportunity as no one knows when the market recovers. Months back price of ethereum droped around $900, by the time none invested and later when it bounced everyone were on the rush to buy ethereum.

[uneng]

(....)
Let's see what will happen with Ethereum in coming days. I am waiting to buy Ethereum at 500-700 dollars Rnage when it will come.

Seems during these days and the price level of a high market cap cryptocurrency just like Ethereum and Bitcoin, expect that Ethereum will also follow Bitcoin. So if Ethereum will reach $1,000 or below level, I expect Bitcoin will drop also $10,000 or below.
These are all possible, especially since we already experienced the $1,000 and below of Ethereum last June 2022. I believe we will test it again this year.

Indeed, Ethereum is following Bitcoin trend at this beginning of 2023. Both currencies are stable, while presenting a slight increasement in price, which may touch their resistance levels respectively, if the tendency continues smoothly on this direction.


I don't see why ETH looks weak right now. It's behaving like bitcoin, and it doesn't mean bitcoin is weak at all. There isn't a real evidence to justify such claims. The week time period seems positive for ETH with a 2,35% increasement in price, but it still has to overcome some barriers to have a positive fluctuation in comparision with the monthly time period, which shows ETH with a - 6,05% negative oscillation.

[Psynthax]

if btc sees correction in the future eth will always follow, I think the next correction could still be happening despite the fact that we've going down so significantly already, after all the current circumstance isn't really looking good enough.
though like that, I still consider investing eth such good investments, don't get wavered and doubtful just because the technical analysis shows bad sign meanwhile we all know that it has lost 90% of its price, it will go back up again eventually.

[romero121]

if btc sees correction in the future eth will always follow, I think the next correction could still be happening despite the fact that we've going down so significantly already, after all the current circumstance isn't really looking good enough.
though like that, I still consider investing eth such good investments, don't get wavered and doubtful just because the technical analysis shows bad sign meanwhile we all know that it has lost 90% of its price, it will go back up again eventually.

This is how the market used to move. When there is growth with bitcoin, the same will be followed by ethereum. Then the market movements were followed by rest of the altcoins. Investing into ethereum is always right, because it won't let you down. Being into the market it have made a significant developments as well as charity when someone is in need.

Ethereum have got long way to go. What ethereum reached as it's ath is to be broken in the upcoming years.

[kotajikikox]

Hi guy I drew chart, I know I am not expert but I will say that I will say that In start of new year Bitcoin is looking weak and that's not good for the Cryptocurrency makret.
I have seen that Bitcoin is looking too weak, and also volume is also going too much down and also down and that will draw short people to go down more dropped. Let's see what will happen with Ethereum in coming days. I am waiting to buy Ethereum at 500-700 dollars Rnage when it will come.



So what you guys will say if there are some experts. We cannot project anything full clear but we can say that at least technical analysis wouod be great.

it is your chart so its yours to believe , But me? i doubt that will be looking weak comparing to other altcoins , yes it may lose value but surely it will go with the flow of other coins specially bitcoin on top.
bear market is coming more this 2023 so if you are assuming Ethereum will look weaker then what more other coins that has little support from the investors?