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?
In crypto world, it's really hard to predict the exact price. We didn't know that such kind of news would come from China and thus many types of news may arrive. It may positive or negative both and this type of news affect on price strongly. Ethereum is much potential and there are enough scope to rise up. But reaching $6k within this year is so tough for Ethereum.