Revival of Ethereum?

[Cryptoddler]

Ethereum has been making some serious return!

Doubts are still there but seems like that this time feels different.

Finally time to break ATH and reach $5,000 per ETH?

What is everyone thinking about it?

[Charles-Tim]

It is still yet to break $2500, yet at $2400. I think $5000 is still a long way to go while ether is only behaving like other altcoins. The craze will later die down. Do not believe those that says it will get to $10000. I do not see it getting to $5000 in this cycle.

Do not forget even in this cycle, ether was at over $4000 or almost at $4000 when bitcoin was at the price of $103500 but it is at $2400 right now. This is how altcoins are.

[Frankolala]

Ethereum has been making some serious return!

Doubts are still there but seems like that this time feels different.

Finally time to break ATH and reach $5,000 per ETH?

What is everyone thinking about it?

Etherum is dead to me and might not pump up to $4k anymore in this circle, because Etherum price is moving like that of a shitcoin. Don't be surprised that Etherum might not increase higher than 5k in the next bull run 2029, because Vitalik Buterin is just using his money to keep the network going if not Etherum should be worthless by now.

[crwth]

Amazingly, this comes up just because of the price going back to a higher high and then seeing no big movements when Bitcoin was running up and Ethereum somewhat stayed at a certain price range.

Maybe many investors are now checking Ethereum and what it should be, understanding how it is different from Bitcoin, and then probably investing in a different basket, and that's Ethereum.

[Hispo]

The whole market is in positive, not only Ethereum, Bitcoin and other memecoins are also showing interesting profits and getting into greed territory.
It would seem to me Ethereum still have a long way to go before breaking through the barrier of the five thousands dollars but it is possible if this year proves to be specially bullish for Ethereum and other coins related with smart contracts.
Still, I would be cautious, though, this could all be a bull trap in the end, whales are the true masters of this market and can deceive us for the sake of more money in their pockets.

[TastyChillySauce00]

It was a good pump for ETH, surpasses any other, but I'm still hugely concerned with the fact that it's still at $2500 while BTC is literally sitting around $104k. Just doesn't feel right to me.
ETH still need another 100% increase to prove that it's getting revived, preferably reaching all time high.

But can't lie, the people who bought at the bottom around $1400 are really having a good time now, sudden pump almost 2x just within few days.

I guess this is their luck for betting with undervalued asset.

[Bd officer]

Ethereum has been making some serious return!
Doubts are still there but seems like that this time feels different.
Finally time to break ATH and reach $5,000 per ETH?
What is everyone thinking about it?

It can be said that the price of Ethereum has pumped a lot, last month the price of ETH was the lowest at $1385, currently there is $2500 plus. So far ETH has not broken the previous ATH record, where Bitcoin has done one ATH after another. So I don't think Ethereum can do a new ATH this year, because the supply of Ethereum is not limited. However, those who invested at risk a few days ago will now be able to make good profits. Now let's see how much ETH increases this year.

[mich]

Well now Ethereum is up 40 percent in only last 7 days. And this is after a recent upgrade to the network called Pectra. It is a upgrade that makes it less clicks for completing certain transactions. 

It is the first upgrade to the network since Dancun. That was in March of the last year. https://www.analyticsinsight.net/cryptocurrency-analytics-insight/ethereum-eth-grows-by-30-after-pectra-upgrade-but-analysts-suggest-ruvi-ai-ruvi-as-the-next-hidden-crypto-to-turn-500-into-140000

[cabron]

They did an upgrade for ETH recently which I believe solves the congestion in the network. Not sure about the 2nd upgrade they did but its in the community news recently.

If its going to hit $4000 sooner, and the pump continues, we will be seeing the $10k that they are saying. Someone says ETH is not for retail investors anymore, its more for institutional players who wants to keep their status being validators.

[Dr.Bitcoin_Strange]

Since altcoins usually follow the uptrend of Bitcoin, Ethereum should have at least reached the $5k mark since  the last price surge of Bitcoin but it didn't and if the price is going to reach that level this year, that will happen if Bitcoin gets to $150k. If BTC don't break above the previous ATH to a new high like price I mentioned, then Ethereum could just be around $3k - $4k.

[Mayor of ogba]

Since altcoins usually follow the uptrend of Bitcoin, Ethereum should have at least reached the $5k mark since  the last price surge of Bitcoin but it didn't and if the price is going to reach that level this year, that will happen if Bitcoin gets to $150k. If BTC don't break above the previous ATH to a new high like price I mentioned, then Ethereum could just be around $3k - $4k.

It is true that altcoins' price movement flows with bitcoin's uptrend movement, but there is what is called altcoin season, so if we are not yet in altcoin season, even though bitcoin set a new all-time high, altcoins will keep on struggling to flow with bitcoin's uptrend movement. Maybe we are getting close to altcoin season; that is the reason why, as Bitcoin is increasing in price, Ethereum and other altcoins are flowing with the uptrend movement of Bitcoin gradually. This bull run will be one of the biggest bull runs since Bitcoin was built, so Ethereum could possibly hit more than $4k.

[dumpsterhawk]

Ethereum has been making some serious return!

Returning to prices that it had a little while ago, after being extremely down for some time, is what you call serious return? Ridiculous.

Maybe many investors are now checking Ethereum and what it should be, understanding how it is different from Bitcoin, and then probably investing in a different basket, and that's Ethereum.

Doubtful, nobody well informed is going to buy Ethereum over its competitors. Its price is already quite high and its technology is terrible.

Well now Ethereum is up 40 percent in only last 7 days. And this is after a recent upgrade to the network called Pectra. It is a upgrade that makes it less clicks for completing certain transactions. 

I don't think this had anything to do with it, the market does not really respond to technology anymore.

[JeromeTash]

It could go all the way up to $5,000. Everything is possible with crypto speculation. Remember how XRP pumped not so long ago after years of looking dead? All Ethereum just needs is some good hype and FOMO and you will just see those levels getting smashed within weeks

I think what is slowing it down a bit are the likes of Solana. There's a lot of heat with people still trading memecoins.

[asriloni]

It's still long way to go for ethereum mate. Ethereum may increase, but still not yet meet its BEP compared to the end 2024's price. Look at the difference in ethereum price. It's priced 3500 when bitcoin is  above 100k, but still 40% less now. It means ethereum is not yet coming back.

Ethereum seems experiencing lack of demand because it's traded far below than what it did last year. How can we sure this is the revival of ethereum? 

So many problems in ethereum never get solved. This will also slowly reduce the demand of ethereum.

[Lida93]

Ethereum has been making some serious return!

Doubts are still there but seems like that this time feels different.

Finally time to break ATH and reach $5,000 per ETH?

What is everyone thinking about it?

Etherum is dead to me and might not pump up to $4k anymore in this circle, because Etherum price is moving like that of a shitcoin. Don't be surprised that Etherum might not increase higher than 5k in the next bull run 2029, because Vitalik Buterin is just using his money to keep the network going if not Etherum should be worthless by now.

You might be right about Vitalik bootstrapping ethereum. And from all indications ethereum doesn't really seem serious to investors as it were in times past. Eth movement hasn't been encouraging for a coin that has been tab tailing behind bitcoin over the years it's expected that by now Eth should have gone above the least $5k ATH with how bitcoin moved to an ATH of $109k and still showing signs of breaking a new ATH. Yet Eth struggles.

[Abiky]

Ethereum has been making some serious return!

Doubts are still there but seems like that this time feels different.

Finally time to break ATH and reach $5,000 per ETH?

What is everyone thinking about it?

No. I don't think it's time for ETH to break a new ATH. Current market prices are far from the last-recorded ATH of ~$4.8k per coin. The recent "pump" is only attributed to the rollout of a new network upgrade called "Pectra". It'll all be over soon (unless, ETH developers keep introducing new features (innovation) and increase on-chain scalability). I wonder if Solana users will now move back into Ethereum with subsequent network upgrades? If ETH tackles scaling issues, I don't see why not.

Anyways, ETH still hasn't solved its "decentralization crisis". With BTC now getting in the "De-Fi" game, you might as well forget about ETH. It's the next big thing. Only time will tell us if ETH will survive or become another "failed experiment". Just my two stats.

[Kavelj22]

So many problems in ethereum never get solved. This will also slowly reduce the demand of ethereum.

This is what the loyal Ethereum community is now complaining about: Ethereum is losing value due to declining demand. I'm not saying it will die, because I see Ethereum Classic still on the market, and therefore it won't lose its status as a trading instrument. However, it will lose its functional value, which stems from the crypto community's need for it.

The sharp decline in price movement undoubtedly confirms that Ethereum is not in the same position it has been since 2021, the date of its biggest high. Furthermore, it doesn't appear that any attempts to develop the concept have succeeded.

[Abiky]

This is what the loyal Ethereum community is now complaining about: Ethereum is losing value due to declining demand. I'm not saying it will die, because I see Ethereum Classic still on the market, and therefore it won't lose its status as a trading instrument. However, it will lose its functional value, which stems from the crypto community's need for it.

The sharp decline in price movement undoubtedly confirms that Ethereum is not in the same position it has been since 2021, the date of its biggest high. Furthermore, it doesn't appear that any attempts to develop the concept have succeeded.

Yes. But even with the sharp decline in market prices, ETH is still the largest altcoin in rhe world. TVL on "De-Fi" smart contracts is unmatched. Not to mention, ETH's level of security/reliability is the best (among coins of its kind). Solana may be fast and cheap, but it's extremely-unreliable. The only reason it's "pumping" it's because of the on-going "meme" coins craze. Lots of "script kiddies" and amateur developers are launching worthless "meme" coins in Solana, making a fool out of retail investors and traders alike. It's their game. At least for now.

Fortunately, ETH is doing progress in the scaling aspects of the main Blockchain network. Subsequent network upgrades should make ETH faster and cheaper than ever. The latest "Pectra" upgrade is meant to address scaling issues. But it's certainly not enough to rival Solana. Sharding would be the next big thing on Ethereum. Once it becomes a reality, ETH's transaction capacity will improve like never before. I see no reason for ETH to lose its position as the second-largest cryptocurrency by market cap anytime soon.

[Accardo]

The recent Pectra Upgrade helped Ethereum to surge by 20%, their new wallet features and the increased staking limit attracted too many whales to buy the coin, at a point that the volume surpassed that of BTC. It's quite a great milestone that this altcoin has achieved, although they still have a long way to go before hitting $5000 but one thing is certain, Eth is back to a reviving stage.



Source: X

[TastyChillySauce00]

The recent Pectra Upgrade helped Ethereum to surge by 20%, their new wallet features and the increased staking limit attracted too many whales to buy the coin, at a point that the volume surpassed that of BTC. It's quite a great milestone that this altcoin has achieved, although they still have a long way to go before hitting $5000 but one thing is certain, Eth is back to a reviving stage.

Source: X

Honestly it's still kind of bearish. Now it's going back to $2300 again, this kind of price was considered really low for ETH back then when restaking was a thing and BTC is retouching previous ATH.
ETH performed so bad that the small recovery making it looks like a good revival although undeniably people who accumulated at $1400 are making huge profit. It's still underwhelming. Doesn't even retouch the price where I cut loss.