Quote from: Yogee on September 02, 2021, 05:20:38 PM

Quote from: ampu on September 02, 2021, 03:03:15 PM

A rally to $5k is possible for Ethereum, but to be certain we need Bitcoin to get closer to the $64k ATH it established in May.
September is usually a bearish month for Bitcoin, so I don't expect Ethereum to have a breakout in value, even though ETH is burned every day.

I was wondering what would be the next catalyst for ETH to reach $5K this month. It looks like the burning as a result of the implementation of EIP-1559 is enough but I still don't see why people are too optimistic about it.

Check out https://ethburned.info/ if you want to monitor.

I understand that ETH is on a different trajectory since the activation of the transaction fee mechanism. But it is Bitcoin and the domain BTC.D that determines the market. Currently, Domain BTC. D is falling deeply, so it will probably bounce back with Bitcoin's rise.
Ethereum will definitely increase in price and be more stable, which will probably take a long time. Currently, ETH is at $3900 and could go further but not as fast as we thought. An organic growth process and no longer shock as before.