If bitcoin made a new All Time High record now in the crypto market, do you think Ethereum will also follow and break it's ATH last year January 2018 which is more than $1000?
We have always observed that if bitcoin rises in value, most altcoins follow as well. Even now that bitcoin has reached another ATH, altcoins are also increasing and now, market is in green celebrating the bitcoins new record.
We remember that when Bitcoin set its previous price record in December 2017, after a while ethereum reached a price of $ 1,400. Therefore, it is quite possible that if the price of bitcoin for some time will hold at least at the current price level reached, then ethereum should continue to grow in price. Compared to prices three years ago, the price of ethereum is still far behind the price of Bitcoin. Meanwhile, ethereum continues to successfully update according to Ethereum 2.0 and this should also affect the price of this coin.We have always observed that if bitcoin rises in value, most altcoins follow as well. Even now that bitcoin has reached another ATH, altcoins are also increasing and now, market is in green celebrating the bitcoins new record.
If i could remember correctly it was within the same time range, btc was soaring high and so was eth and other alts, but the scenario seem to have changed, it is almost as if there won't be any alts season this time, institutional investors are pumping money into btc, i think this is just the beginning of anther historic movement on the part of btc price, i can only hope little fraction of that money will float into alts, hard to watch btc killing it without alts, this 2017 i know where my portfolio was at
