Ethereum haven't really moved in a long time compared to the BTC increase. What can be the reasons for this? Are people not as enthusiastic about Ethereum as they were, or is because of new scalable projects on the Bitcoin blockchain?
What are you talking about? ETH is a young currency and it has already made several things that Bitcoin can't do.
It runs so many transactions as do all the cryptos altogether including bitcoin.
it's price increased enormously - since I bought it when it was $11, it increased 34 times and it is only the very beginning.