Ethereum has possibilities, no doubt here. The fact is, Ethereum is not doing well since 2018, but every year we expected high and called this year will be Ethereum year, but we were wrong! If the Bitcoin bull run comes, if Bitcoin price crosses 20K USD, then yes, Ethereum price will be growing highly as like other coins! But Truly I don't believe this year will be the biggest for Ethereum! I think Ethereum lost the momentum that's why last year when the Bitcoin price was near to 14K USD, ETH price was 330$ only!
That's certainly true, mate. Ethereum has lost its luster mostly because of the decay of ICOs within the mainstream world. After all, ICOs were the ones which triggered most of the demand for Ethereum across the crypto market. With heavy regulation on the Blockchain industry, most ICOs experienced a full crackdown from the government. Now the next biggest trend for Ethereum would be the implementation and adoption of STOs (Security Token Offerings) and IEOs (Initial Exchange Offerings). But even the most prominent companies in the mainstream world haven't adopted Ethereum for their own benefit yet.
We'll have to wait until Ethereum upgrades from PoW to PoS, to see a drastic change in its performance. Only then, adoption will increase resulting in higher prices over the long term. In the meantime, Ethereum will only rise in price if Bitcoin does. A Bitcoin price of over $50k could make Ethereum worth $1,000 or more. This, coupled with several upgrades to the ETH blockchain, could make the world's second-largest cryptocurrency by market cap one of the most valuable cryptocurrencies in existence today. For what we know, Ethereum has done remarkably in development and innovation over time. Maybe this could be the year of Ethereum, if devs decide to adopt Casper PoS at a full extent. Otherwise, you could expect ETH to stale both in price and adoption within the mainstream world.
Nonetheless, time will tell us what will be the outcome of Ethereum's developments in the Blockchain industry. If its competitors manage to stay ahead of the game, then Ethereum's existence could be at risk as we know it. Ethereum needs to quickly scale for the world if it wants to catch up with its competitors in order to provide a better solution for the development and execution of decentralized applications for the whole world to enjoy. Just my thoughts