As it typically happens when BTC fall down, most of the altcoins follow suit. Ethereum leads the adverse trend with a 6.5% drop. Just a few days ago, ETH was well above $3,100, but it’s now down to approximately $2,900. Can we still see ethereum reach 6k$ this year? Bitcoin price is being affected by new set of Chinese fud and altcoins are affected too there are a lot of altcoins a top altcoins that is now falling down and 1 of them is eth. So how would you defined the ethereum price next 3 months or at the end of this year can we still see it 5k$ to 6k$ or not?
At the moment, it is very difficult to predict the price of cryptocurrencies, since there is instability and uncertainty in the market, in the world at the moment. Many, like me, are waiting for a new flight to the moon by the end of this year, but you need to understand that this requires funds. The next drop in cryptocurrency prices just solves several problems, namely, pulling cryptocurrency out of weak hands, as well as a set of positions and funds for a new leap up. It is difficult to say exactly when this will happen, since what will be the new ATH prices for Ethereum and other cryptocurrencies.