I'm done with ethereum, i still mine it but it's at a good price to sell it as soon as i hit a block. I know a lot of people have gone all in on eth but I'm just not that confident in it.
This is the first time I really think that ETH is overvalued. $18 per ETH right now doesn't make sense ($700 BTC doesn't make sense either). It should be very interesting to see what happens after the halvening. I think BTC will definitely correct to $500-600 if not more (considering it will rise more in the next days, it can hit $800-900 but I don't think we'll see 1k).
After that I think will find refuge in ETH and we can even see it at $25-30. However it won't be by own merit really since not a lot of dapps or development have taken place in this period...
Do you think if it $1k it will be questioned? Like the government and other parties who dont want something as high as that? Just thinking though and if it is the case then ETH will be safer for a lower value.