The cryptocurrency market has had difficulty returning to an all-time high price since the bull run’s climax two years ago. This began when Bitcoin’s price rose to $20,000, it gained notoriety, and competing cryptocurrencies like Ethereum made investors wealthy.
As a result of the ICO boom’s heightened demand for the commodity, Ethereum’s value soared to more than $1,400 per ETH.
The price of ETH may drop below $1,000 even if BTC one day surges to $50,000 or more, according to an analyst.
Today’s Ethereum Price
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | 1561.03 |
A crypto analyst predicts that Ethereum will never again approach or surpass $1000 per ETH, even if Bitcoin reaches $50,000 per BTC.
Bitcoin and all other altcoins are still declining from their record highs. But the majority of cryptocurrencies have dropped to below 80% or more, and their BTC ratios have drastically decreased.
