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?
It's the scability issue with ETH, that's what happened. The gas fee is killing Ethereum but hopefully all that will be resolved once ETH 2.0 is released. I know several projects on the ETH contract are waiting to launch once this version comes on. There is an ongoing project I have been following a few years now, it planned to swap before this crazy gas fee set in. Now, everything is on hold for the swap pending when the ETH 2.0 is launched. We all know that demand sets the price and value of any commodity. So, if there isn't much demand for ETH and the ERC usage there isn't going to be much appreciation in price for Ethereum.