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.
Surely ethereum also capable of reaching new all time high if the trend keep follows in my opinion it is not possible in 2020 so probably im 2021 but until that the trend remains the same?
Here the total supply comes into play a major role in the price of each ethereum and I hope ethereum 2.0 may solve this issue and will take the prices to reach the next level.