So despite the current situation of ETH and altcoin market is general, there are still some positive traders out there who thinks that ETH can enter a bullish phase even for a week.
I think we need to get into the $200 range again to see further growth, a big mental barrier in front of us but as soon as we slice it I think we can still see the price going on like $300-$500 at the end of the year.
What do you guys think?
Well, I don't think it has anything to do with its value. Ethereum is sinking because it is becoming an inhospitable environment for DApps.
It is extremely expensive and resource intensive developing and deploying DApps on Ethereum.
Because of this many DApps are ditching ETH and moving to cheaper blockchains like EOS and even TRON.
Until Ethereum achieves some semblance of scaling or switching to POS and clears out its clog, it's only going to get worse I believe.