Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.
The real question is does anyone actually care if it is a bubble or not ? Most of the volume is from whales true but trades are contributing a whole lot also, and traders are in there with only one goal, to make profit. And have to say ETH is excellent for trading right now, a lot of easy profit from trades. The only ones who will get hurt are the fanboys, but hey, someone has to take a loss also because everyone cant be in profit.
Most altcoins are just bubbles anyway, its the knowledge of how to trade them that counts.