We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k
Actually what happened to ethereum?
In my opinion, what makes the price of Ethereum does not increases very high like in 2017 is :
1. ICO are not popular anymore, because in 2017 many new project (ICO) were using Ethereum platform and this made the price of Ethereum increases very high;
2. there are already many new project whose product are the same as Ethereum (blockchain), so Ethereum has a lot of rivals for now;
3. cryptocurrency market has not yet experienced a bull run, because only the price of Bitcoin has increased very high for now and altcoin prices are still recovering.