Everything now appears to be moving in the same direction as bitcoin. Most altcoins, not just ethereum, are the same. All cryptocurrencies will quickly catch up to bitcoin if it attempts to enter a bull market. Until bitcoin reaches a new high. When bitcoin begins to stabilize, altcoins will follow.
Bitcoin have to start the trend before we finally reach a new bull market, and since the price of BTC stabilize for now we might not see the altcoins pumping that much again.
With regards to ETH, recently they just burned a huge amount of Money because of the fork and maybe this is one of the reason why its price goes high in the past days, having a limited supply is always a good update. If ETH address the problem on fees, we’ll see a more bullish price.
That is the problem that Bitcoin is in standby mode from quite some time now,sure it gave a signal when it reached like 52.000 dollars again after being really low in the mid 35.000 dollars for a coin but nothing is happening.I think we will see the start of the bull trend in end of 2021,usually the previous all time highs except this of April 2021 have been spotted one in November 2013 and then in December 2017.Maybe a coincidence but we are now in 2021 and I hope history to repeat itself once in 4 years as it has done with Bitcoin so far.Altcoins will then follow as they have always done including Ethereum which can reach like 8000-10.000 dollars for a coin.