May Ethereum price hit 3000+ in August?

[BTC_pokaop]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

[Charles-Tim]

The price of ether is $2620 right now. Just $380 close to $3000. But the way market is right now, it would be difficult for ether to get to $3000. But I guess that you are holding it,m. It is better you do not sell but keep holding it because the bull market is not yet over. Even if ether do not get to $3000 in August, it will still later get to $3000 as bitcoin price will increase, ether is likely to follow.

[Aanuoluwatofunmi]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

This is very possible as long as we can have bitcoin cross the band of $65,000 in this month, ethereum can also perform the same and do wonderfully as expected, But if the market remains as it is for now, it may be difficult for us to see it go beyond the range it is currently, though there will always be more opportunity for the market in general to rise as well as it can also fall, we can by this expect more coming anytime from now if the market remains favorable for its rising.

[AbuBhakar]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

It’s just 400$ away from 3000$ target price while this price was hit in multiple occasion last month. Now that Bitcoin is showing recovery by dumping below 50K few days ago so I’m sure that Ethereum can regain the 3000$ price quickly once the crypto price back to normal trading level.

We are talking about Ethereum here and not some random crypto which investors that wants to diversify will surely purchased some of this token for their portfolio. I just not sure if it can be achieved this month but all I can say is this target price is manageable with just one rally of Bitcoin.

[South Park]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

That is only a 15% increase, so it is not impossible for such a price to be reached during the next weeks, however the market and the economy in general is not doing so well right now, thanks to all the instability that we are facing all around the world, so it would be better for you to become more conservative when it comes to your expectations regarding the price of ethereum, as even if on paper this seems like a reachable price, at the same time I think it could take us a few months for that price to be reached.

[DiMarxist]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

Lolz! You are praying for Ethereum to hit $3,000,000. Though I don't know when you started the investment but I don't think you will make profit from the investment. Because the transaction fee is very high that even you invest with $200,000 you can't make any good profit because the movement is very slow and add it to the congestion of the network. So if I were you, I would have invested in bitcoin or if it is altcoin, then BNB.
Ethereum will definitely hit the $3k but will your make any gain? That is the question others also asked.

[irsykes]

several times the news of war has had a major impact on the altcoin market until the price has dropped drastically. this is an opportunity for whales to save long term. as is often awaited, November is the target for the green altcoin market. ethereum to the dip price, of course this is the target for long term storage and waiting for them to the month

[tomos81]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

This was the biggest dumping at the beginning of August, when the price of Bitcoin went from 70k to 49k dollars immediately all Altcoins started dumping several times including Ethereum. Now the price of ethereum coin is at 2620 dollars but bitcoin price has recovered so the price of ethereum coin will recover it is sure so it is not 3000 it can be up to 3400-3600 dollars.

[TastyChillySauce00]

It can as long as BTC also recovered back to the level of $70k, but the thing is with ETH it has been quite disappointing investment so far there were so many outflows from the ETF only now that it stabilizes.



to be fair right now 11th august ETH price already at around $2600 and it could easily climb back up to $3000 anytime soon, so expecting it to go again in $3000 in august does seem to be realistic and since I've personally got my investment trapped at around $3000 i'm really hoping that to be the case  so that I can move my investment over to SOL.

[Bd officer]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

No one can accurately predict whether the price of Ethereum will increase or decrease this August, everyone can only guess. Currently the price of Ethereum is $2675. For Ethereum to reach $3000, only $325 would be needed, which is not impossible. In fact, when the price of Bitcoin starts to rise, the price of other altcoins, including Ethereum, starts to rise. Bitcoin price went down to $49k a few days ago but the market recovered to $61k. If Bitcoin price crosses $65k this month we can expect Ethereum price to cross $3000. However, don't lose hope the bull run hasn't started yet, expect the price of Ethereum to go up a lot during the bull run.

[Adbitco]

I don't see ethereum making that much move to $3k because most times their increase ultimately depends on bitcoin so the should be if bitcoin hits back 70k then there is every possibility to hit back 3k plus this month, and before the year runs out might see in another price level since it gained $4k plus when bitcoin created new ATH.
Of course the market is unpredictable and anything is likely to happen after in the market, and all most us does is to be optimistic about the price when it comes to how we predicted we seems to be very happy.

[Yamane_Keto]

The support level at $2,927 has been a strong long-term support level which means that staying below it means we will retest the $2,118 level.

The best we will get at the moment is $3,400 but I think we will stay below $3,000 for a long time.

[ajiz138]

It is still very possible for Ethereum to return to $3000 but if the market returns to stagnation then the Ethereum price will not move this is usual depending on the increase in the price of bitcoin then Ethereum will follow, this is what I observed over the previous few months.

Make sure you already have Ethereum in your portfolio, placing an order at the current price is much better because it is possible that Ethereum could return above $4000 when it is bullish then this is just an opportunity they want to have Ethereum at a low price.

[asriloni]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month?

It's not impossible, but it seems unrealistic to feel bullish on ether. Bitcoin's monthly return was often negative in August. I expect ethereum can go back to the 3k sub or even higher after this month. Bitcoin is not looking good after it goes back to the 61k.
Also, we're losing our bigboy (Jump Trading) who sold 500 million worth of ethereum to the market. BTC dom is not showing if there may be a retracement to happen in altcoin too. Moreover, many bad news are always coming, such as recession, war, and many more.

Or how much could it be?

It's probably staying around the 2000-2500 range.

[Tigerheart3026]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

i think a little chance to ethereum will be hit 3000$ in august, because it's current price is too low still, up and down in 2500$-2600$,
so i do not think it can be recover in shortly, and it's depend on bitcoin price, if you following bitcoin definitely whole of crypto market is depend on btc price,
when btc was hit 70k$ then eth was 3500$+, now btc is dumped at 59k$ so that crypto is still very low, if btc will fly then crypto will recover.

[letteredhub]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

Ethereum is one significant crypto coin in the market that is following bitcoin bumper to bumper in terms of price movement of bitcoin taking a rise when bitcoin rises and likewise when bitcoin falls in price. It's performance has been contingent on bitcoin so whatever would make ether go up $3000 this August would mean that bitcoin has to do close to $70k because right now ether is $2667 which means it's possible but we can say for certain. Ether been a good coin to hodl among all alts I don't see reasons why anyone should be bothered about price going $3000 this August or not because with the bull run taking a center stage again I am forecasting it to go $5-6k+.

[wheelz1200]

Ethereum prices have been dumping recently. Friends, let's discuss, will the price of ethereum be 3000 plus this month? Or how much could it be?

Nobody knows for certain otherwise we'd all be rich.  But it won't take that much for it to get back to $3,000 at this point. One nice solid bitcoin run and it will push everything up higher.  And as to the top of what it can be, again no one knows.  For as many people predict the right direction the same amount of people will tell you the other way as well.  Welcome to the world of crypto markets.

[yhiaali3]

I don't know exactly if Ethereum will achieve $3000 in August, but if we make a simple historical comparison, we find that:
In 2021
Bitcoin 60,000 , Ethereum 5000
In 2024
Bitcoin 60,000 , Ethereum 2700

Comparing the two dates, we find the difference clear and Ethereum is much less than its real value, almost half, so personally I expect a strong push for Ethereum, but it is not possible to determine exactly when.

[philipma1957]

I don't know exactly if Ethereum will achieve $3000 in August, but if we make a simple historical comparison, we find that:
In 2021
Bitcoin 60,000 , Ethereum 5000
In 2024
Bitcoin 60,000 , Ethereum 2700

Comparing the two dates, we find the difference clear and Ethereum is much less than its real value, almost half, so personally I expect a strong push for Ethereum, but it is not possible to determine exactly when.

I see almost no reason for eth to ever go back to 4000

[yhiaali3]

I see almost no reason for eth to ever go back to 4000

I don't know what makes you think that but unlike you, I expect Ethereum to go much higher and possibly exceed $5000 with Bitcoin peaking at 100K$.

Some Ethereum optimists believe it could go 10K$ with Bitcoin peaking at 100-120K$.