No one will ever know how fast Ethereum will recover, but it is certain that Ethereum will recover. We just need to be patient waiting for Ethereum
to recover, but if we look at the Ethereum price decline that is quite deep. It looks like Ethereum will take a little while to get to $ 5k or $ 6k.
And the increase in Ethereum is also very dependent on the movement of Bitcoin, so we have to wait for Bitcoin to recover too, so that Ethereum
can recover soon.
Once bitcoin recovers, eth can very well recover too. If btc has not crashed, I think, eth should be in the 5k level by now. But unfortunately, we need to experience the correction. This is part of the market and we can't stop it from happening. But with so many organizations involved in the crypto market, I strongly believe that we will bounce back very soon. Waiting also for the gas efficiency in eth to be totally addressed. Maybe, once this has resolved, eth will soar its price.
Actually, for those who have been in the crypto world for a long time, the situation like now is not new and we don't need to panic.
Even though I'm actually a little disappointed that the Ethereum price has been delayed towards the $ 5k price, due to the current market crash.
But it is true that the decline in Ethereum price is not the first time that has happened, often Ethereum has experienced a price decline.
However, Ethereum has often managed to bounce back, so indeed we have to be patient waiting for the Ethereum price to recover
and be able to go up according to the target we want.