Didn't BCH already hit $500 during June 2019 rally?

I don't see ETH going over $1000 in the near term. Reason why is there are too many underwater positions in it and it's the reason why every single rally gets sold into.

Keep in mind many people bought ETH at $500 or $750 or $1000 and they are sitting at huge losses unlike BTC. Hence with every rally we usually get a quick pullback right away.

There are also ICO who didn't sell their ETH during 2018 and they are just waiting for the perfect opportunity to unload those coins. It's going to be a huge struggle for ETH to regain $1000 again.