Can ethereum have a better chance this season

[Odusko]

Ethereum have witnessed an all time high price today and same day that bitcoin hard a major drop off of it price which sent alot of cryptocurrency market speculators into fear of futher market decline. Bitcoin use to be the major determinat market propeller but this time etheric seems to be doing it the other way around, this make be to ask if Ethereum is going to have a better chances of moving the bull market independently of the bitcoin own ways.

[Charles-Tim]

Ethereum is doing nothing but just bitcoin.

Ethereum got to all-time high and it fell massively. Ethereum has still not able to get above $5000.

It increased to $4953 but now it is at $4600. Ethereum is not only the coin that has done something like this before but most of you know because ethereum is more common that other coins.

[MusaPk]

Ethereum holders have to wait for four years to see new ATH and current price provides a good exit point for Ethereum holders who bought it  under 2000$. Although Ethereum has gone up in price, I am not sure whether it will go to 5000$ or fall back because Ethereum is not like Bitcoin. If someone is thinking of buying Ethereum at current high price then it's a very risky thing because chances are your money is struck for long duration if invested in Ethereum right now.

[edroi]

Ethereum have witnessed an all time high price today and same day that bitcoin hard a major drop off of it price which sent alot of cryptocurrency market speculators into fear of futher market decline. Bitcoin use to be the major determinat market propeller but this time etheric seems to be doing it the other way around, this make be to ask if Ethereum is going to have a better chances of moving the bull market independently of the bitcoin own ways.

ethereum is showing more strength lately but i think it’s too early to say it will fully move on its own without bitcoin.. the market is still connected but what’s different now is ethereum has real use cases like defi & staking that keep demand alive even when bitcoin slows down.. so maybe this season we will see it acting more independently but it will still be influenced by bitcoin’s direction

[passwordnow]

ethereum is showing more strength lately but i think it’s too early to say it will fully move on its own without bitcoin.. the market is still connected but what’s different now is ethereum has real use cases like defi & staking that keep demand alive even when bitcoin slows down.. so maybe this season we will see it acting more independently but it will still be influenced by bitcoin’s direction

Being a proof of stake doesn't change that much with its use case. Many projects still uses it and I think that the foundation that it has set has made it even better. The use cases were never gone and it's still good as it was. The dominance that it has got in the altcoin market is still good. And no matter what we see on it that it's getting better, I agree that it still needs Bitcoin when it moves. Because without it, we'll mostly seeing another affection that it has got directly and the movement of it will be slower.

[Stalker22]

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Bitcoin use to be the major determinat market propeller but this time etheric seems to be doing it the other way around,

Ethereum barely reached its previous ATH, but only after Bitcoin.  Same as in previous cycles.  How does it do it the other way around this time?  It doesnt.  Not this time, and probably not ever.

[Odusko]

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Bitcoin use to be the major determinat market propeller but this time etheric seems to be doing it the other way around,

Ethereum barely reached its previous ATH, but only after Bitcoin.  Same as in previous cycles.  How does it do it the other way around this time?  It doesnt.  Not this time, and probably not ever.

Period changes and Ethereum is beginning to perform independently from Bitcoin this period of time, last week we saw how the price of Ethereum keep soaring untill it hit another all time high, at that point Bitcoin was in the opposite direction doing a decline in price, this move shown a significant change of trends and for that reason we can now point Ethereum to be self sustaining in terms of price movement unlike in the last where everything depends on the Bitcoin market trends to determine altcoins market.

[Akbarkoe]

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Bitcoin use to be the major determinat market propeller but this time etheric seems to be doing it the other way around,

Ethereum barely reached its previous ATH, but only after Bitcoin.  Same as in previous cycles.  How does it do it the other way around this time?  It doesnt.  Not this time, and probably not ever.

ETH still has a chance to reach its new ETH level. Judging by its price movements, it rose more than 50% in August. Overall, ETH has the potential to reach its new ARH level before this cycle ends, no later than the end of Q4 this year.

Seeing how the community and institutions have also slowly bought into ETH, some people are starting to believe this.

[shinratensei_]

Ethereum have witnessed an all time high price today and same day that bitcoin hard a major drop off of it price which sent alot of cryptocurrency market speculators into fear of futher market decline. Bitcoin use to be the major determinat market propeller but this time etheric seems to be doing it the other way around, this make be to ask if Ethereum is going to have a better chances of moving the bull market independently of the bitcoin own ways.

It has better chance of moving any token in its ecosystem and creating mini altcoin season limited to ETH only.
The inflow of Ethereum ETF is a good proof that people are bullish, as a result some tokens in ETH ecosystem also pumps.

We might see a historical chart of decoupling for ETH against BTC in this scenario.
If there's a chance for decoupling, it's definitely this time where institution are bullish while Donald Trump is pushing his crypto empire on ETH.

[GigaBit]

There is a positive trend among investors about the price of Ether for a long time, but it will depend entirely on the price movement of Bitcoin. If Bitcoin is up and down within a range, then the price of Ether can be bullish, but if there is a major negative impact on the price of Bitcoin, then the price of Ether will be affected.

Since there has been no new ATH for a long time, there has been an interest in investing in Ether among everyone. Ether has not been able to create a new ATH after so much time. The certainty of investing in Bitcoin is not in any other altcoins, which is why Bitcoin is the best for investment. But recently, since investment in Ether is increasing, many people will try to take some profit from it as long as the hype remains.

[MusaPk]

Being a proof of stake doesn't change that much with its use case. Many projects still uses it and I think that the foundation that it has set has made it even better. The use cases were never gone and it's still good as it was. The dominance that it has got in the altcoin market is still good. And no matter what we see on it that it's getting better, I agree that it still needs Bitcoin when it moves. Because without it, we'll mostly seeing another affection that it has got directly and the movement of it will be slower.

There were lot of expectations that moving from PoW to PoS will bring lots of improvement in Eth that will result in it's price but that never happened. Moreover the Ethereum coin supply in circulation has also not not gone down rather gone up which is a big question mark on efficiency of PoS consensus algorithm. It's a good opportunity for people who have bought Ethereum at lower prices and buying Ethereum at current price is not recommended because Ethereum is very much dependent on Bitcoin price for it's bull run.

[Stalker22]

Period changes and Ethereum is beginning to perform independently from Bitcoin this period of time, last week we saw how the price of Ethereum keep soaring untill it hit another all time high, at that point Bitcoin was in the opposite direction doing a decline in price, this move shown a significant change of trends and for that reason we can now point Ethereum to be self sustaining in terms of price movement unlike in the last where everything depends on the Bitcoin market trends to determine altcoins market.

A week of diverging price action isn't sufficient to call a long trend change, thats a classic example of recency bias. Look at both charts and compare them side by side if you havent already.

Keep in mind the entire crypto market, including Ethereum, is still largely connected to Bitcoin and follows Bitcoin.  I mean, if Bitcoin experiences a massive crash, do you think Ethereum would not go down? No! It would get dragged along with every other alt coin.

[Ojima-ojo]

Being a proof of stake doesn't change that much with its use case. Many projects still uses it and I think that the foundation that it has set has made it even better. The use cases were never gone and it's still good as it was. The dominance that it has got in the altcoin market is still good. And no matter what we see on it that it's getting better, I agree that it still needs Bitcoin when it moves. Because without it, we'll mostly seeing another affection that it has got directly and the movement of it will be slower.

There were lot of expectations that moving from PoW to PoS will bring lots of improvement in Eth that will result in it's price but that never happened. Moreover the Ethereum coin supply in circulation has also not not gone down rather gone up which is a big question mark on efficiency of PoS consensus algorithm. It's a good opportunity for people who have bought Ethereum at lower prices and buying Ethereum at current price is not recommended because Ethereum is very much dependent on Bitcoin price for it's bull run.

Ethereum migration came with alot of expectations that was dashed the the wall of greed and as you have said, instead of the Ethereum supply to go down because of the constant born that was supposed to happen.


Opposite is what we have seen, there is nothing positive that comes come from the Ethereum migration to POS.