As it typically happens when BTC fall down, most of the altcoins follow suit. Ethereum leads the adverse trend with a 6.5% drop. Just a few days ago, ETH was well above $3,100, but it’s now down to approximately $2,900. Can we still see ethereum reach 6k$ this year?
You know very well that the altcoin market usually follow the
BTCitcoin market and that is the case with Ethereum as well. If you really want to know whether the price of ETH would reach above $6k you should have a clarity about when their insane transaction fees would be sorted out. Even the ETH core developers have no idea about that and one we have a conclusive answer on that we can talk about these insane valuation.
Bitcoin price is being affected by new set of Chinese fud and altcoins are affected too there are a lot of altcoins a top altcoins that is now falling down and 1 of them is eth. So how would you defined the ethereum price next 3 months or at the end of this year can we still see it 5k$ to 6k$ or not?
The answer is simple, it will follow how the
BTCitcoinm market will perform.