Ethereum

In the past few days, the altcoin market has taken a beating with major cryptocurrency assets such as Ethereum (ETH) and Ripple (XRP) dropping to fresh lows. This has caused widespread panic in the industry, and many crypto investors are beginning to believe that a bottom for altcoins will be set.

Ethereum to Fall 20% Further: Analyst Thoughts

However, one cryptocurrency analyst sees Ethereum dropping even more by over 20% and that the real altcoin capitulation will begin in two weeks. Ethereum has lost significantly since the ICO boom that brought the price per ETH to around $1,400. The fall from the all-time high represents an 85% dip, with skeptics holding that the digital asset will never hit the all-time highs again even if Bitcoin was to hit $100,000.

The accelerated selling pressure and recent fear across the altcoin market have led many to believe that the altcoin market bottom is here or it is closing in. After dropping through long-term support and sinking to new lows against BTC trading pairs, major altcoins such as Ethereum and Ripple have since rebounded strongly—but how long will it last?

/**/

There are those maintaining that the cryptocurrency market is currently on the edge of an alt season where Bitcoin makes up for lost ground in altcoins. One crypto analyst, however, sees Ethereum dropping close to 22% compared to Bitcoin through the ETH/BTC trading pair.

>> INX Plans to Raise $130 Million USD from Milestone IPO

Altcoin Holders Capitulating and Dumping Assets

The feeling currently engulfing major altcoins has a strong ripple effect on the larger cryptocurrency market. There is a possibility of the altcoins dragging Bitcoin down with them, especially in bearish scenarios where the impact is felt across the entire industry. The altcoin sentiment is extremely low, and most of the altcoin holders are believed to have capitulated and have been disposing their assets at a huge loss as they seek to regain some of the remaining value of their assets before further drops.

With the signs of a bottom coming, most holders expect a double bottom for altcoins or some kind of event that will wipe out the whole altcoin space completely.

What do you think?

Featured image: DepositPhotos © Syda_Productions

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]>*/

/**/

Ethereum (ETH) to Fall 20%? Altcoin Capitulation Expected in Two Weeks 1
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,685.00
ethereum
Ethereum (ETH) $ 2,935.32
cardano
Cardano (ADA) $ 2.29
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 355.21
xrp
XRP (XRP) $ 0.939688
solana
Solana (SOL) $ 139.70
polkadot
Polkadot (DOT) $ 30.70
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.211024
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,685.00
ethereumEthereum (ETH)
$ 2,935.32
tetherTether (USDT)
$ 1.01
bitcoin-cashBitcoin Cash (BCH)
$ 512.30
litecoinLitecoin (LTC)
$ 150.65
bitcoinBitcoin (BTC)
36.434,64
ethereumEthereum (ETH)
2.505,50
tetherTether (USDT)
0,862106
bitcoin-cashBitcoin Cash (BCH)
437,28
litecoinLitecoin (LTC)
128,59
bitcoinBitcoin (BTC)
31,260.36
ethereumEthereum (ETH)
2,149.68
tetherTether (USDT)
0.739674
bitcoin-cashBitcoin Cash (BCH)
375.18
litecoinLitecoin (LTC)
110.33

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin43,093 1.64 % 3.73 % 10.00 %
Ethereum2,956.9 2.06 % 6.00 % 17.25 %
Cardano2.290 1.60 % 1.51 % 5.64 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin357.22 1.71 % 6.59 % 15.93 %
XRP0.9470 1.92 % 4.91 % 13.20 %
Solana142.48 3.10 % 4.14 % 6.23 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.010 0.51 % 0.29 % 0.45 %
Dogecoin0.2125 2.14 % 4.54 % 12.39 %

bitcoin
Bitcoin (BTC) $ 42,685.00
ethereum
Ethereum (ETH) $ 2,935.32
cardano
Cardano (ADA) $ 2.29
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 355.21
xrp
XRP (XRP) $ 0.939688
solana
Solana (SOL) $ 139.70
polkadot
Polkadot (DOT) $ 30.70
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.211024