Re: Will ETH Hit $6K this week?

I am sure Ethereum will hit 5k but after may, because I think Bitcoin will not recover soon it will take some time and altcoins also will follow Bitcoin so ethereum can hit 5k after market stable.

I agree with you, because it will be very difficult to make the price of Ethereum increase very high when the market is correcting, so I am also sure that the price of Ethereum will increase very high if the market correction is over and starts to increase again, therefore as long as the market is still correcting, then of course the price of Ethereum can't increase very high and reach $ 6k.

It will hit $6k but not this week or next week. I think it will recover first then a moment of downside again then hit again the ATH but it's already down below $2k right now. I takes another bull market again before it will regain the previous price. Many news and adoptions need to release before it will back again. I believe in ETH but in the other side, they totally need to fix their gas fee issue. It really a big problem for it's user's allowing people to transact to other ecosystem. Bitcoin need to get back and all altcoins will follow it.

It guarantee it won't hit $6,000 for quite a while. There is hardly any resistance or momentum that would make me thing it could bounce back in an amazing fashion. This looks like a sustained downtrend with no end in sight. It went up so much that even now people could be taking profit.

at least you can be more rational because most people are having an exaggerated optimism, which seems to me that they don't want to face the harsh reality that the market is collapsing and it may take years or years to recover. from what i see if the bitcoin price falls below $28000 then the big nightmare awaits us and will not recover from this nightmare so soon if the price falls below $28000. But on the other hand for people who use bitcoin as a payment method the price will drop below $28000 will not matter