Ethereum has been stuck around $3200 for quite some time

[shanhaigamefi]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

[1715020778]

1715020778

[btc78]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

Ethereum seems to be stagnant and many are speculating that it might no longer maintain its position as the 2nd top cryptocurrency in the world but I think with bitcoin’s halving it still has a huge chance to double its price in the next few years

I think the etf that are underworks will drive ethereum into a higher level of activity so we must wait for that however if it does not get approved there is a chance that it might just decline

[kentrolla]

It's actually good news because it has been stable around $3k for a while and just waiting for the Bitcoin's price movement in order to pump, I would have been worried if it would have been dumped which has not happened and it has found strong support which will only trigger an upward rally. Some may doubt it's credibility but ETH is as trustabke as BTC and it's yet to break previous ATH hence the expectations will be more this bull run.

[terrific]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

You have already posted on the Bitcoin Forum. But if it's about breaking the barrier and moving onto the next higher price, no one knows when.
Bitcoin is always the main subject of most of the altcoins moving up so, if there's one that needs to break barrier then that is Bitcoin.
We have to be patient if we're holding on for so long. I know that it's going to be worth it when it moves.

[JeromeTash]

What do you think it needs to do to break through this barrier?

But it's a normal thing in markets. Every had of support and resistance?

Most coins are also stuck in given price ranges. it's not just Ethereum.

Some may doubt it's credibility but ETH is as trustabke as BTC and it's yet to break previous ATH hence the expectations will be more this bull run.

Not anymore. It was more credible when it was still on POW algorithm, but now it's just more like BNB and all those other POS chains. The only difference is that it was founded in 2016

[Mate2237]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

This is bitcoin forum and you are welcome. I think you wanted to say, you wanted to post it in the bitcoin discussion Board. But this is the right place to post it because since you are talking about an altcoin. Really Ethereum has been there for some months now and I was thinking that the best way to escape from the stuck is to also free the network from the congestion. So when people start to buy then it will move up from that stage to another stage. And the worst part is that as it is stick like this there is no way to buy because of the high transaction fee. So the coin just stuck there for months now. So the releasing of the network might help the project to move forward. That is my opinion.

[Bureau]

Currently post halving all altcoins that have a good marketcap are following Bitcoin. This has been always the case and it is nothing new. Earlier this year when Bitcoin had a small bull run the price of Ethereum did go beyond the $4K mark. Again it will go up when Bitcoin bull run will start and till that time we need to wait patiently.

[rodskee]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

If you posts this in bitcoin section then either it will be bring back here by moderator or
this will go in Off topic that for sure you will not like so better let it sit here forever.

and also how would you expect ethereum breaking its barrier when bitcoin even costing
more lower than ethereum? i mean the bitcoin price is falling badly now comparing to altcoins?

if you are a true affected in ETH movement then better to purchase more as it is cheaper
or you will regret not having this for a time now.

[shinratensei_]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

Ethereum seems to be stagnant and many are speculating that it might no longer maintain its position as the 2nd top cryptocurrency in the world but I think with bitcoin’s halving it still has a huge chance to double its price in the next few years

I think the etf that are underworks will drive ethereum into a higher level of activity so we must wait for that however if it does not get approved there is a chance that it might just decline

its competitors in the market are still so far below in term of market capitalization, i don't believe its gonna lose its 2nd position to some random alts with lesser market cap, moreover there are trend of L2 thats going on, LST is a thing too that incentivizes staking of ETH, so the staking isn't only required for those validators but for some of the project especially the layer 2.

binance on the other hand is what I could call stagnating if not for the exchange agile movement in making a deal with those airdrop projects then i doubt binance could get this far.
if its solana, the outage is concern that should be addressed first, thats why i'm pretty optimistic with ethereum, the prospect is bright with this one.

even though i don't really stake ETH that much, but if ethereum could breakthrough it will be pretty impactful for the rest of us.

[bluebit25]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

What is quite some time?

I also stayed here for about ten years and also witnessed the ups and downs of bitcoin or ETH, and for me it was simply watching everything happen. I don't feel too stuck because if we look back about a year ago, we had a vibrant movement.

Maybe you should be patient without any reason, try coming back here in the next year, we at the present time are all feeling the bullish cycle of the market but they are not following our wishes of those who want them to increase rapidly.

[ajiz138]

Not only Ethereum but bitcoin is also stuck at the current price, but this is normal where the market becomes sentiment then other prices will also affect it, but believe when the market has started to show signs of recovery Ethereum will not be stuck again maybe all altcoins will be the same.

Because the market is still in correction it will be difficult to break the barrier, so what are your plans with ETH? Will you buy or sell or is there something else on your mind?

I see the whole market so it is still natural that some coins are still stagnant not just Ethereum.

[senyorito123]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

Based on what I staked last time it hits the target of my investment and the value begun to gain profit. The projection mets the nearest possible price.
However, the risk is still there as crypto faces the halving issues which most traders were afraid of. But the results went out to be positive in the first place.

[God bless u]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

I think the main reason behind its price being stagnant is the ETF approval. The team was working for very long in order to get ETF approval so their area of interest was mainly in this so they ignore most of the other points. It's also very logical because after ETF approval there will be a very huge change in the coins market demand and value.

The second point is that BTC performance after halving. It's very important for BTC to perform in order for ETH to break it's barrier of price. We can't deny the linkage of BTC to other altcoins.

[JeffBrad12]

Based on what I staked last time it hits the target of my investment and the value begun to gain profit. The projection mets the nearest possible price.
However, the risk is still there as crypto faces the halving issues which most traders were afraid of. But the results went out to be positive in the first place.

why the halving is an issue though I think most of investors and traders are excited even go as far as celebrating it like they are celebrating new year, the current correction because people dumping on the news and thats on its own is completely fine from my perspective, even previous halving was done exactly the same way.
i'm instead more bullish about the market since halving has already happened then there's only one way that is to go up even further than the current all time high.
ethereum on the other hand is still waiting for the news of its ETF approval, i'm not really optimistic whether it gonna gets approved or not but at least it could increase the bullish sentiment of the market as of now despite the news kept being delayed over and over.
there even various fuds that said that ETH is not gonna get approval for its ETF but we all know same exact pattern of fud happened to bitcoin back then.

[oktana]

I haven’t analyzed it in the way I know how to, but I think that there actually is a barrier around the $3,000. But when the bull run for altcoins comes, it would definitely surpass the resistance.

Ethereum seems to be stagnant and many are speculating that it might no longer maintain its position as the 2nd top cryptocurrency in the world but I think with bitcoin’s halving it still has a huge chance to double its price in the next few years

I think the etf that are underworks will drive ethereum into a higher level of activity so we must wait for that however if it does not get approved there is a chance that it might just decline

ETF won’t increase the price immediately, I think. The effect of that is meant to be over time as people jump in to invest. Anyway, I don’t think anything other than the current Bitcoin ETF will be approved for now.

[X-ray]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

Altcoins must able to eat the dominance of bitcoin first. Altcoin will never able to break this barrier as long as bitcoin still owns bigger domination compared to the ethereum. It still follows bitcoin but the performance from ethereum price is not as impressive as a few years ago when it was able reaching 5k for each ethereum.

Im still predicting the same result to happen as long as bitcoin can surpass 70k. I meant bitcoin is quite stable at this time followed by ethereum. Bitcoin needs to break it first to reach at least 79k or even 80k. It will help the whole of altcoins to be hyped.

Altcoins are losing its hype caused by all of money were flowing to the bitcoin. It takes time for altcoins to get the momentum to get inflow again. I know that if some people are not even feeling patience with it but i can understand since altcoin can generate profit more than what bitcoin did.

It's really profitable for some people who were focusing their portfolios to the altcoins. I know that altcoins can help them all to make 5x or even 10x

[Husires]

I think we have reached the break-even stage, where there is no positive news that pushes the price up, such as Ethereum ETF, low fees, a new update, and there is no news that pushes the price down, with the price of Bitcoin remaining stable. All of these reasons will make the rate of change in the price of Ethereum limited and the movements between 2900 to 3500.

[jaberwock]

What do you think it needs to do to break through this barrier? I plan to post this on the Bitcoin forum.

If you posts this in bitcoin section then either it will be bring back here by moderator or
this will go in Off topic that for sure you will not like so better let it sit here forever.

and also how would you expect ethereum breaking its barrier when bitcoin even costing
more lower than ethereum? i mean the bitcoin price is falling badly now comparing to altcoins?

if you are a true affected in ETH movement then better to purchase more as it is cheaper
or you will regret not having this for a time now.

Maybe he didn't mean Bitcoin board but he mean this Bitcoin forum and I think he knows how to post it on that board or re-locate it, if he really wanted to but nope, he choose altcoin speculation board instead. Moving on... in the crypto market it's known that BTC controls everything but there are still times that some coin can move on their own, especially if people find something interesting on them like if they release a nice update. So why not? And maybe that is what he is after.

ETH have undergone a lot of updates but he is wondering if what is still missing for it to break new limits. If he is badly affected by the performance of ETH, then actually I don't think he will buy more but he might be thinking of selling his coin and transfer to a much better one.

[salad daging]

I think we have reached the break-even stage, where there is no positive news that pushes the price up, such as Ethereum ETF, low fees, a new update, and there is no news that pushes the price down, with the price of Bitcoin remaining stable. All of these reasons will make the rate of change in the price of Ethereum limited and the movements between 2900 to 3500.

Ethereum ETF is not so popular in the media although if I'm not mistaken Hong Kong will be approved, low fees should be good news for those who do Ethereum transactions but it doesn't push the price up and there is no better news because the market is like this for me not only Ethereum but all coins experience the same thing where it becomes stagnant.
I feel Ethereum how can it follow the bitcoin price trail when there is a pump then the price will go up both ways, there is no resistance in terms of increase because that's what I was looking at some time before.

[batang_bitcoin]

Ethereum ETF is not so popular in the media although if I'm not mistaken Hong Kong will be approved, low fees should be good news for those who do Ethereum transactions but it doesn't push the price up and there is no better news because the market is like this for me not only Ethereum but all coins experience the same thing where it becomes stagnant.

There is no news yet about Ethereum ETF in Hong Kong but with most of the rumors that I've read, many seem to be negative with it and they're not going to approve any of it anytime soon. They have delayed it for some reasons but it seems that it's not going to be approved then.

I feel Ethereum how can it follow the bitcoin price trail when there is a pump then the price will go up both ways, there is no resistance in terms of increase because that's what I was looking at some time before.

Soon, it's going to follow Bitcoin's move but we don't know, maybe on the month of May we'll see a lot of actions.