I don't want to sound unfaithful and negative. But I just don't see it happening. At least not this year. Maybe next year or in 2 years. I believe what happened in December when everything was rising was just a "miracle". There is no guarantee that could happen again. ETH could fall below $100-$200 and it can take 2-3 years to reach back to $1000. I think that is more realistic. But people still make crazy prediction that ETH will be 2K+ by the end of this year. I want to know people's reasoning behind this because I just can't see it happening. BTC years ago when it crashed, took couple years to recover back. This could be the case with ETH. Also, there is no guarantee there will be mass adoption. Whales are taking enjoyable profits right now and I believe price will get lower. Then get little pump dumped again little pump dumped again. Repeat. You guys are crazy if you guys think ETH will break 1k (hell even reach back to $800) by the end of this year. Maybe next year. Please pay attention to whats been happening in the market. I just cannot see that happening logically.
Exactly.
I think a lot of people are overly optimistic about the way the markets are about to go.
There is really no logical explanation for why Ethereum would go up to $1000 this year. It could rise to 0.1 BTC again, but don't forget even in that case where it essentially nearly doubles in BTC price from now(very unlikely) would result in only a $700 per ETH price.
Last year ETH made huge rallies against BTC, which means that this year the correction is going to hit it hard. I don't see it even going above $500 for the time being.