What makes the Ethereum price a little slow to experience an increase, in the current crypto market conditions. If the price of bitcoin continues to experience rapid growth almost close to $ 10k. I think the price of ethereum will be good if it is above $ 300.
I think not only the price of Ethereum is increasing little slowly but altcoin price also little slow, because in my opinion at this time only the price of Bitcoin is growing and increasing very high, besides that I think for now Ethereum is not the same as in 2017 because at that time ICO is very popular and many people are investing in ICO, then many project use blockchain from Ethereum for ICO and of course that makes Ethereum price increase very high, but now I think ICO is in a bad condition, so the price of Ethereum can't go up very fast and high like in 2017.
Yes, against the background of
bitcoin,
ether even upsets me. Today, many of the altcoins have fallen vs
Bitcoin.
Ethereum was no exception, although it holds much better than others.
Of course, past ICOs and the lack of new ICOs are putting pressure on this coin. But there is hope that next year
ETH will catch up and reach 0.1
BTC.