I want to know the opinion of all crypto friends in this forum about Ethereum, because the price of Ethereum is currently unable to rise beyond the $ 300 figure. ethereum prices are only between $ 150 - $ 250. and this incident makes me wonder, why did this happen to Ethereum ??
Simply there is no event with Ethereum thus sideways or bearish market is expected. Another factor also is that Bitcoin is becoming more dominant than altcoins. If the gap of market cap between Bitcoin and altcoin increases continuously, expect that Bitcoin wouldn't be able to carry altcoins to the moon which is bad because once Bitcoin gets overwhelmed too much, a bearish trajectory is expected.
There is no event? Ethereum 2.0 in sight. but it still doesnt affect to ethereum price
on 27 February 2019 ago, there was an event Constantinople Fork. it was a big news
just remember that it is bearish market, not only ethereum but most of altcoin dumped. that's all
bearish or bulish on the current ETH cannot also be always associated with an ETH event changing to the ETH V2 platform. Take a look now ETH is still struggling in the price of 170-190 $. Yesterday I also assumed that ETH would experience a bullish price because people would be competing to buy ETH because they would definitely get a bonus from the swap, but now I changed my mind that it could all happen and did not happen considering that at the moment the BTC chart as a major is weakening too.