what's the reason for ETH going up for the past 3 days?
What's the reason for ETH going up for the past 3 days?
Joseph Garcia
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Levi Thomas
fundamentals
Jeremiah Powell
Make money out of new buyers who bring the price up even more
Easton Diaz
Be more specific and explain. No fundamentals would pump the price from 190 to 250 in just 3 days
What's the cause for an influx of new buyers?
Michael Lee
Bitcoin mentionned in the news because of the fork and its new ATH, ethereum is often mentionned as well in those kind of articles
Logan Ramirez
I find it strange though, news about BTC affects ETH more than BTC it seems
On top of that BTC volatility is expected as segwit is locking in but nothing is really happening with ETH
Sebastian Thompson
Ethereum is mentioned independently of Bitcoin. In fact, Ethereum gets far more press coverage these days than Bitcoin.
I have two ideas. The first is that we've seen a lot of coins recover from the big crash, but Ethereum and its tokens seem to have lagged behind in terms of recovery. This increase has simply been the overdue catch up. I also suspect the Koreans have something to do with it. On Bithumb alone, there's been $417 million trading volume in the past 24 hours which is absolutely phenomenal for a single exchange on a single pair.
Colton Ross
what 3 days? it's been accumulating since 7/22 u dumb fuck.
Blake Brooks
Because newfags come in to Coinbase, see that 1 Bitcoin is $3200, but that smaller ETH is doing quite nicely. I can afford an ETH.
Ian Martin
I'm looking at the data from the bump that BTC got. Initially ETH didn't go up but as BTC did so did ETH
koreans are the top buyers of ETH for a long time
doesn't make sense that in the past 3 days the bump is that big from new people coming into crypto, the bump wouldn't be this big
Like I said, I'm interested in why ETH got a price bump within the past 3 days
Evan Martin
No one does that holy shit anyone suggesting this as a reason is retarded.
GDAX isn't driving the price up. In fact, GDAX isn't even in the top 5 by trade volume for Ether.
Liam Howard
>Sold at 160
>Still waiting to rebuy the dip
>270
Suffering
Parker Gonzalez
Actually I should correct myself and say ETH price from July 31st to now.
$192 to the now price of $260, which is a 35% increase in price within a week
William Young
>koreans are the top buyers of ETH for a long time
Yes buy they haven't been responsible for a trade volume of over $400 million on a single exchange before.
Nevermind clearly you're stupid.
nice time faggot
Jack Price
of course there's going to be high volume on an exchange when the price goes up, but that doesn't explain why people are buying ETH.
I want to know why, not the consequence of it.
Lucas Walker
We've gone from a bear market into a bull market and ETH is the second most important cryptocurrency. Why would it not go up?
Gavin Anderson
it hasn't gone up its still at .08
btc however has gone up, thats where you're getting confused
Nolan Howard
You should be asking why it dipped to begin with. Fundamentals still strong as ever. A lot of people jumped over to btc for the 'free money' split. The dust has settled so they're coming back now.
Tyler Jones
The price of BTC only went up $150 during the announcement and all that, from 2600 to like 2750. Not that many people went for it but the people that already had BTC pulled it out of exchanges that didn't support BCH at time of split. I don't think $150 difference in BTC translates to 35% increase in price for ETH within the past week. This might be one of the reasons but not the main reason.
I'm looking at fiat price, yes. But ultimately if BTC is going up other alt coins go down in response to fiat price. Yet ETH hasn't gone down at all.
That may as well be true, it should go up. But it's gone up more than any other coin including the most important cryptocurrency (BTC). Why would the 2nd most important coin go up more than the most important coin? There's got to be another reason
Nolan Clark
ETH is a better coin. Deal with it.
Nicholas Sanchez
will it 400 again
Adam Long
Huh? I never said which coin is better, only going off what you said.
That still doesn't really explain things but ok
Jason Fisher
Because the only reason ETH was down was because people moved their money to BTC before the fork so they'd double their coins.
Now that that's over, they're moving their money back to the coins they truly believe in.
Ethan Clark
already explained why this can't be true, at least not the only reason
> The price of BTC only went up $150 during the announcement and all that, from 2600 to like 2750. Not that many people went for it but the people that already had BTC pulled it out of exchanges that didn't support BCH at time of split. I don't think $150 difference in BTC translates to 35% increase in price for ETH within the past week. This might be one of the reasons but not the main reason.
Jaxon Myers
on top of that, ETH didn't drop 35% before BTC fork so it doesn't make a lot of sense
Gabriel Stewart
Speculation like everything else in crypto.
Hmm
BTC broke its previous ath
ETH will too!
That's the rationale. Profit on this as you see fit.
Adrian Clark
ok so basically no one really knows or i'ts not completely obvious
this answer makes the most sense out of everyone else so far
Gavin Butler
Gavin Young
New ICO coming out soon
Jaxson Johnson
holy crap i just recalled that most of those ICO's from early July probably haven't even cashed out yet
James Taylor
>didn't buy when it was at 200 for a week
Ayden Sullivan
Timber
Angel Gonzalez
The cause for the influx is irrational exuberance.
Adam Miller
I thought it was going to go down and not up