Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.
It won't happen for Ethereum price to jump to $5K in the next few days. The highest price of Ethereum after the London hard fork in my perspective is $4K and it won't happen in a matter of days but within this year.
We know that everything is possible in the market of cryptocurrencies especially that in my opinion we are seeing a close repetition of the scenario that happened during 2017, so I think we are about to see a price increase during the final months of this year and this means that the maximum price that ethereum could reach during that time is unknown, however it is going to be heavily dependent on the price that bitcoin reaches as we now that ethereum has a tendency to follow the movements of bitcoin.