$17000
Ethereum price prediction looks great but right now Ethereum difficult to hold $200 level. Maybe big investors trying to dumb the price of Ethereum! so that they will buy at cheap price.
But strong hands still holding Ethereum and other tokens, price will rise soon.
Very bold assumptions that the price of Eth can reach 17000$. I don't even know what's going to happen on the market for this scenario to come true. But in the cryptocurrency market everything is possible, time will put everything in its place.
Well back when ETH was $5 did you think it would reach $1400 which is basically a 280x gain, so for it to hit $17000 is only a 85x gain, so its certainly is possible. However there are many issues that need to be addressed first.
Right now they need to figure out what will happened with the fork that was planned next month. Basically its risky both ways. If they delay it, its bad for the coin because it seems its developement is lagging but if they do a quick fix and release it anyways next month, it will be very scary if there are more bugs and the network stops or ends up forking off.
However we need BTC first to go back to $17K before we even think of ETH at $17K. I never really took these log charts too seriously, eventually there needs to be a top somewhere.