bitcoin has gone up to $6200, but why is ethereum still stagnant at $170. Does this mean that ethereum won't rise again?. I was thinking of buying ethereum but if I look at it like this I might cancel it.
Because investors are buying bitcoin and most probably dumping their altcoins in favor of bitcoin market.
does this mean that ethereum will be one of the altcoins that won't rise in the bullrun this time?
It's crypto bull-run, not bitcoin bull-run. So there's a huge chance that altcoin market will also boom in the future. But right now all eyes are into bitcoin market and they are pushing to to $6400-$6500, the price in November prior to the huge dump.