what do you think by the sudden move of the Ethereum price not even determining the gas price so high
all day high $3,836.87 and the low $3,540
Do we see 5k Eth price by end of the week or month?
It is looking amazing, the new increase allowed it to go to a point it hasn't been in a while because it doesn't drop as much as others do. I mean that is what bitcoin did on the 2018 fall, many went down as high as 90%+ while bitcoin was mostly just 60-70% most of the time and whatever else was very quick to recover as well.
So, long story short we are in a situation where we really need to realize ETH may soon become the biggest currency there is, I always said that it will become high and it already did and I am saying that it will become higher as well. What people do not realize is that when crypto is not as hyped as right now, there is no need for ETH since people do not use it. However when there is a hype on crypto, people not only invest into ETH, but they also use it, which means there is more and more buying going on making it very valuable.