It is that time of year again when most cryptocurrency price predictions are coming to surface as of right now. In terms of Ethereum’s value, there are still some very high expectations, despite struggling to hit $200.
It is always interesting to keep an eye on the Ethereum price.
The Ethereum Price Bottom isn’t Unbreakable
While it is not necessarily an indicator for other altcoins, it remains a crucial market regardless.
Some people seem to believe that Ether has bottomed in terms of price, which may be a bit of an optimistic outlook.
It is a bit ambitious to determine whether or not something good has happened to Ethereum as of late.
While its Eth 2.0 transition is moving ahead as planned, there is still plenty of work to be done.
Moreover, it seems as if Ethereum can’t surpass $200 in a stable manner as of yet.
That is unusual, for a project that once traded at 0.1 BTC and higher.
If that ratio was maintained, one ETH would be worth over $770 today.
it seems that such a level will not return anytime soon, even though there is no reason why it couldn’t.
A lot has changed in crypto land, and Bitcoin is still the top dog by a landslide.