what do you think by the sudden move of the Ethereum price not even determining the gas price so high
Do we see 5k Eth price by end of the week or month?
there seems to be no sign of ETH going up later this year. I often monitor ETH prices in the crypto market and I only see the highest ETH price around $4,366. As investors increase, the price of ETH will continue to rise from year to year, it is likely that the price of ETH will rise to $5k in the coming year.
I believe otherwise. We may not see this 5k level this month, but there's likelihood that it will before the year ends, if we start seeing the gas prices to lower down. However, it may happen next year as you said. So I understand if people are just being conservative with estimates so as not to get disappointed in this market. We can also keep up with the progress of eth network and news about them.
I'm agree with you, the price rally from the market brings worry for me, there must be a big drops anytime soon because it's rarely happen for crypto market doing 2 times all time high in a year, so it's just like seeing the sea are so calm means there will be a big wave incoming.
Moreover in this current situation, ETH fee will be crazy expensive because it's so crowded and it's hard for people to buy ETH based token.
But investing in ETH still will be a good decision because this coin is really promising for a long run