According To me Ethereum Looks Weak

[Ojima-ojo]

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.

I expected ethereum to have dip more than it current price in the last weeks of the previous year 2022 because of the many crisis rocking the entire market in the last last quarter of 2022, but as ETH sustained it above $1000 price benchmark and crossing into 2023 with that price.

I wont expect it price to drop below the current price, becausif you study the chart correctly, you will notice most cryptocurrencies are building up strong resistance despite the many forces from early year sell off.

But what we may not see, is ethereum going down to $500 - $700 as you predicts.

[Strongkored]

Don't really care about the chart, if there is a decline as long as it is within reasonable limits per day then it's normal you don't need to worry too much about the decline. When there is a downturn and we still have reserve funds and believe that ETH has good fundamentals then accumulating ETH holdings is quite reasonable, or if you are good at reading charts you can wait until the price hits a lower level before deciding to buy more, although it is almost impossible to know for sure the lowest level of a coin.

[blockman]

Bitcoin is looking weak and that's not good for the Cryptocurrency makret.

Nothing new.
Whenever the market is in the bearish form, we'll only see that it's too weak because of the situation. Don't be surprised that it's down at these moments, no matter what the good news we have from the publishers.
Still, what's strong right now is the bear and they'll be like that for altcoins. Because whenever bitcoin is down, it's known that ETH and the other alts are also down as well.

[Pierre 2]

I am very doubtful if I consider Ethereum being in comparison to many other altcoins. Why? Its because Ethereum nearly always performs like locomotive in front of all other altcoins.
But when I consider current situation we are in, I feel like all altcoins including Ethereum don't have room to raise in price. I wish there was enough demand to start another Ethereum rally but very unlikely. People still hesitate to buy more altcoins now even if year is 2023.

[Xal0lex]

I am very doubtful if I consider Ethereum being in comparison to many other altcoins. Why? Its because Ethereum nearly always performs like locomotive in front of all other altcoins.
But when I consider current situation we are in, I feel like all altcoins including Ethereum don't have room to raise in price. I wish there was enough demand to start another Ethereum rally but very unlikely. People still hesitate to buy more altcoins now even if year is 2023.

ETH is very popular and therefore acts as a locomotive, but it ranks last in its blockchain commissions table, especially compared to Layer-2 solutions like Arbitrum or Optimism. ETH has become blue chip and big institutional investors are investing in it, for small deposits ETH is not so profitable anymore because it has grown a lot lately. If ETH grows 8-9 times in the next 5 years, it will be a very big achievement considering its capitalization.

[fullhdpixel]

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.

Ethereum had to go through some trouble during this period and that's why it matters a ton, if you could focus on something much better such as bitcoin being not so strong neither, then ETH looks fine.

Yes, it has been a terrible year in 2022 and it doesn't look great now neither and even worse than most others but that doesn't change the fact that we are going to go through something magical when ETH finally picks up some speed. It's important that we just buy ETH and hold for many years, that will make it all the better.

[shinratensei_]

Don't really care about the chart, if there is a decline as long as it is within reasonable limits per day then it's normal you don't need to worry too much about the decline. When there is a downturn and we still have reserve funds and believe that ETH has good fundamentals then accumulating ETH holdings is quite reasonable, or if you are good at reading charts you can wait until the price hits a lower level before deciding to buy more, although it is almost impossible to know for sure the lowest level of a coin.

greed with your statements, what matters most is the long term increase in value, these chart could be a short term ones, so I think there's nothing to worry from these charts, the eth could very well get its value decreased from these charts technical analysis but at the end of the day if the eth could ever rise near its ath for long term, then that's the thing that matters.
honestly technical analysis like this one should be useful only for daily traders that make profit off short term investments, the long term holders should just wait until next bullruns.

[TastyChillySauce00]

According to you your TA looks so unreliable to be trusted. I meant you can draw whatever you want but the market is still remain unpredictable at this moment. I meant look at how bitcoin just like losing its volatility in the market. Ethereu will not move to the somewhere if bitcoin was not doing anything. So, which factor that makes you think your drawing was reliable? The bearish market has become the new trend since last year and people were dropping crypto and moving toward another instrument. This is also happening so many times in the crypto. The volume drop was meant nothing as people prefer to hold their assets rather than trade it for crypto

[Reatim]

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.

if bitcoin shows weakness then what more Ethereum will show? the whole market is weak while bitcoin is on that position so maybe better to call that you believe in the whole market is weak more than you are pointing to ethereum only.

[jaberwock]

Bitcoin is looking weak and that's not good for the Cryptocurrency makret.

Nothing new.
Whenever the market is in the bearish form, we'll only see that it's too weak because of the situation. Don't be surprised that it's down at these moments, no matter what the good news we have from the publishers.
Still, what's strong right now is the bear and they'll be like that for altcoins. Because whenever bitcoin is down, it's known that ETH and the other alts are also down as well.

I think it's just the outlook people have towards crypto right now because of the bear market. Like, they can't imagine a good situation and a big bull market because we haven't seen it for over a year. That doesn't mean that it's not going to go up, we all know it will go up, and some of us know that it will break over ATH eventually as well.

But, it is not easy to hold your breath until that happens, so people are slowly leaving, most of them already left, and they will come back when the market is a little bit better, they see no point in waiting like this during this period, they are hoping for something much better in the future and when that happens they will come, but not during bear market.

[rodskee]

Don't really care about the chart, if there is a decline as long as it is within reasonable limits per day then it's normal you don't need to worry too much about the decline. When there is a downturn and we still have reserve funds and believe that ETH has good fundamentals then accumulating ETH holdings is quite reasonable, or if you are good at reading charts you can wait until the price hits a lower level before deciding to buy more, although it is almost impossible to know for sure the lowest level of a coin.

maybe he is more concern being short term investors in which seeking for profit ASAP and that brings Him this disappointment , because if he is for long term I don't think this will be ever an issue and would surely thankful in this chances of buying more.
so Maybe I understand His sentiment and his desperation ,

[SirLancelot]

According to you your TA looks so unreliable to be trusted. I meant you can draw whatever you want but the market is still remain unpredictable at this moment. I meant look at how bitcoin just like losing its volatility in the market. Ethereu will not move to the somewhere if bitcoin was not doing anything. So, which factor that makes you think your drawing was reliable? The bearish market has become the new trend since last year and people were dropping crypto and moving toward another instrument. This is also happening so many times in the crypto. The volume drop was meant nothing as people prefer to hold their assets rather than trade it for crypto

The OP already admits that he isn't an expert, which is why his drawings are kinda messy but even if it's perfectly drawn. What you said there is still going to matter. There will still be a chance that the market will move on its own or will move randomly. Again the OP admit this on his last sentence but still pushes that it's better to use TA's.

Well, I think there is better than TA's and that is no other than FA or fundamental analysis because this is based on real-time events which mostly have happened already. Eth looks weak, that is because we are still in the bear. Even the most known strongest coins like BTC aren't also exempted to it but we shall not worry as this soon shall pass.

[goaldigger]

Don't really care about the chart, if there is a decline as long as it is within reasonable limits per day then it's normal you don't need to worry too much about the decline. When there is a downturn and we still have reserve funds and believe that ETH has good fundamentals then accumulating ETH holdings is quite reasonable, or if you are good at reading charts you can wait until the price hits a lower level before deciding to buy more, although it is almost impossible to know for sure the lowest level of a coin.

maybe he is more concern being short term investors in which seeking for profit ASAP and that brings Him this disappointment , because if he is for long term I don't think this will be ever an issue and would surely thankful in this chances of buying more.
so Maybe I understand His sentiment and his desperation ,

Many are expecting to have a good profit in short term without understanding that bear market is preventing that from happening, even the top coins are struggling and with ETH you can see that easily on its price trend. The market is still at a weak side, there’s still no major movement that can pump the price. I still see ETH good for long term investing, patience is very important during bear market.

[SquallLeonhart]

I think it's just the outlook people have towards crypto right now because of the bear market. Like, they can't imagine a good situation and a big bull market because we haven't seen it for over a year. That doesn't mean that it's not going to go up, we all know it will go up, and some of us know that it will break over ATH eventually as well.

But, it is not easy to hold your breath until that happens, so people are slowly leaving, most of them already left, and they will come back when the market is a little bit better, they see no point in waiting like this during this period, they are hoping for something much better in the future and when that happens they will come, but not during bear market.

People who are not entirely sure about the future are just not sure about "when" it will go up. In order for us to go up a lot, we need to spend a lot of money, all the people and the money that was taken out of the crypto market would have to go in and they do not see a reason to go in right now.

I can't really blame them, it doesn't look like the best market ever to be fair, it looks like a weak market at the very best case. This is why they are afraid of putting their money back in, and if they don't do that the price won't be going up neither. I hope at the very least they won't get out, and it is not going to be simple at all to convince everyone to not sell too.

[Taskford]

Don't really care about the chart, if there is a decline as long as it is within reasonable limits per day then it's normal you don't need to worry too much about the decline. When there is a downturn and we still have reserve funds and believe that ETH has good fundamentals then accumulating ETH holdings is quite reasonable, or if you are good at reading charts you can wait until the price hits a lower level before deciding to buy more, although it is almost impossible to know for sure the lowest level of a coin.

maybe he is more concern being short term investors in which seeking for profit ASAP and that brings Him this disappointment , because if he is for long term I don't think this will be ever an issue and would surely thankful in this chances of buying more.
so Maybe I understand His sentiment and his desperation ,

Many are expecting to have a good profit in short term without understanding that bear market is preventing that from happening, even the top coins are struggling and with ETH you can see that easily on its price trend. The market is still at a weak side, there’s still no major movement that can pump the price. I still see ETH good for long term investing, patience is very important during bear market.

They are blinded for other people or influencers say that bear market is easy way to get money because all coin are so cheap, they don't even realize that all people are still in panic and they need to be careful on their position since they might get drained also for continuous dumping happen and you get panic then dump your bought alts. That's what happening especially for newbies always analyze the movement and be careful on the action we take.

[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

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.

I'm not saying bitcoin is falling today, it's just that there is a possibility that tomorrow there will still be a decline in bitcoin reaching a bottom in price. although I'm not a forecaster seeing the current situation which is still not good for a big recovery, and it's almost over the phase will change starting a new ATH bitcoin

[Scripture]

According to you your TA looks so unreliable to be trusted. I meant you can draw whatever you want but the market is still remain unpredictable at this moment. I meant look at how bitcoin just like losing its volatility in the market. Ethereu will not move to the somewhere if bitcoin was not doing anything. So, which factor that makes you think your drawing was reliable? The bearish market has become the new trend since last year and people were dropping crypto and moving toward another instrument. This is also happening so many times in the crypto. The volume drop was meant nothing as people prefer to hold their assets rather than trade it for crypto

The OP already admits that he isn't an expert, which is why his drawings are kinda messy but even if it's perfectly drawn. What you said there is still going to matter. There will still be a chance that the market will move on its own or will move randomly. Again the OP admit this on his last sentence but still pushes that it's better to use TA's.

We should have our own TA to confirm this claim and to know what to do next. Base on the price trend alone and its volume, ETH is indeed weak and not doing that much which I think is just the effect of a bear market. TA works and we should maximize it on a bear market because the trend can change easily and we might see some progress already. Having your confidence to draw your TA is a good one, just keep on improving it and you can be better.

[lobo13hf]

at the end of the day, these charts aren't really accurate, so can't entirely make decision based on these charts, moreover even it eth does goes lower than it is right now, it becomes good chance of accumulation. because it's like very obvious eth will regain its past glory back once it has the chance. I see no reason at all to ditch eth as investments just because these charts, I'd still invest in this coin even if the chart shows massive weakness.

[btc78]

at the end of the day, these charts aren't really accurate, so can't entirely make decision based on these charts, moreover even it eth does goes lower than it is right now, it becomes good chance of accumulation. because it's like very obvious eth will regain its past glory back once it has the chance. I see no reason at all to ditch eth as investments just because these charts, I'd still invest in this coin even if the chart shows massive weakness.

the chart cannot be trusted all the time and also our beliefs and speculation are mostly going sideways so better not to look for it completely same time.

__________________________________________

But about OP's disappointment in Ethereum movement? ethereum only looks weak depend on how you seek for it, because comparing to all altcoins? this is the strongest one.

[libert19]

Prices you are looking for might never come. Better buy it right now, at least with portion of capital so you don't miss the opportunity that we have currently.

Ethereum is highly adopted, shanghai upgrade in March, deflationary supply plus its pos now — the more people stake, even more scarce it becomes.