Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[AudraMiller]

When it comes to the price of any cryptocurrency, there is a lot of uncertainty that happen in predictions, and you can never be sure about the direction that a coin is likely to go in. In a recent analysis of the buy and sell orders of Ethereum traders in the long run, it seems that there is a large buy order around the 400 dollar regions, and a large sell order around the 7000 dollar region. This shows a lot of uncertainty with the market whether it will crash or soar in price.

 

[LutherKing]

Both options are pretty out of range , i believe that this year it has to go low as 1300$ in Nov-Dec for it to regain in june july next year , this year already had the highest price stability was breaked , now we are moving towards the lower fibonacci pattern of curves and you should be careful holding crypto in large amounts

 

[AudraMiller]

Both options are pretty out of range , i believe that this year it has to go low as 1300$ in Nov-Dec for it to regain in june july next year , this year already had the highest price stability was breaked , now we are moving towards the lower fibonacci pattern of curves and you should be careful holding crypto in large amounts

I agree with you in terms of the bottom price possible, and going all the way down to the hundreds is a bit far. the only way that i see this happening is if bitcoin had to return to the price it was last year in may, which was around 3k, which i doubt is going to ever happen again.

 

[Niftyicon]

I wonder what analysis inspired such orders. For now we can see how relentless ETH is in the face of the bitcoin struggle. Those buy orders are likely to remain unfilled.

 

[Brain]

For me I think it isn't anything new since the price has always been this way nothing is certain.thr price goes up and comes down at will. So it same herr

 

[microunit]

I guess these traders aren't even really even sure what is the state of the market which is kinda the market is now full of uncertainty . guess we will need more time to analyze the current market state if it is going to rise soon or just keeps on staying at this level

 

[silentwatch]

Go deepeeerr yo etherum.. So we can buy it at very low price. That is always happen in volatile market. I wish this coin go deeper and deeper so i can buy it..
Go down etherum...

 

[AudraMiller]

I wonder what analysis inspired such orders. For now we can see how relentless ETH is in the face of the bitcoin struggle. Those buy orders are likely to remain unfilled.

This is my thinking as well, because for a coin to fall that much to those buy orders it would require a major market crash that economies may not be able to recover from in my opinion.

 

[Niftyicon]

This is my thinking as well, because for a coin to fall that much to those buy orders it would require a major market crash that economies may not be able to recover from in my opinion.

Honestly, I wouldn't even want to think about such possibilities because it would be almost irrecoverable for the markets. Also, ethereum seems to be too solid to just dip to such lows.

 

[AudraMiller]

Honestly, I wouldn't even want to think about such possibilities because it would be almost irrecoverable for the markets. Also, ethereum seems to be too solid to just dip to such lows.

The chance of Ethereum dipping as severely reduced after they implemented ETH 2.0 because this gave investors more confidence in the coin and that increased investments. Constant developments on a coin and its network is necessary in order to try and secure more investors and coin value growth.

 

[microunit]

The chance of Ethereum dipping as severely reduced after they implemented ETH 2.0 because this gave investors more confidence in the coin and that increased investments. Constant developments on a coin and its network is necessary in order to try and secure more investors and coin value growth.

Yeah, imagine the transaction gas fees being really low and all of the coins and projects under the ethereum system operating fast now, I wonder how that would skyrocket ethereum

 

[AudraMiller]

T

Yeah, imagine the transaction gas fees being really low and all of the coins and projects under the ethereum system operating fast now, I wonder how that would skyrocket ethereum

this would cause a major increase in the Ethereum coin because it will be able to be utilized for normal daily transactions. this will also likely increase the number of coins that are being developed on the ethereum network as well.

 

[microunit]

T

this would cause a major increase in the Ethereum coin because it will be able to be utilized for normal daily transactions. this will also likely increase the number of coins that are being developed on the ethereum network as well.

Yeah that what i was thinking too as the reason why most recent projects where choosing tron or binance network for their project rather than ethereum because of the gas fees

 

[AudraMiller]

Yeah that what i was thinking too as the reason why most recent projects where choosing tron or binance network for their project rather than ethereum because of the gas fees

The fees associated with Tron are very good and the transaction time is fast as well. It is much better to use something with smaller transaction fees, especially if you are speaking about low amounts of crypto.