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?
It will not be an easy one for someone to predict the ethereum price in the next 3months correctly. Beginning of this year, we find the ethereum price wolverine around $600 before the bull run. During that period, ethereum was downgrading in price badly before the help of bitcoin halving(bull run) that skyrocketed her price to ATH of $3900. This last quarter of the year might be a very good year for ethereum to gets to another ATH($5k-6k)
Indeed no one can predict Ethereum price movements with 100% accuracy, but at least by doing a good analysis, our predictions are close to accurate.
And it really helps us to make decisions, this year there are only two months left and the price of Ethereum is now at $3300. So it's really hard if
Ethereum has to reach a price of $5k-$6k, at least this month Ethereum should return to the ATH price. But if we look at the price of Ethereum
up 13% compared to last week, this is a good sign. Ethereum should be able to return to the ATH price in the near future, if Ethereum manages to
return to the ATH price. For Ethereum to reach a price of $5k-$6k later this year is getting closer to reality.