Bitcoin prices reached as high as $ 20,000 in December 2017 and broke a record. Later, Bitcoin, which fell to $ 3,500 levels, has now reached a new record. The new high for Bitcoin prices is $ 41,999.
While Bitcoin prices have doubled to the old record level, Ethereum prices still haven't reached their old peak. Although the expectation for Ethereum prices is that it will at least create a new peak like Bitcoin prices, it is a great curiosity how much this peak will be. Considering that the Eth / Btc price was around 0.12 in 2017 and seeing that is now 0.034, my guess is that it should at least triple the current $ 1200 levels. We will see the truth with time. Although the lack of a limited resource like Bitcoin seems like a disadvantage for Ethereum but Ethereum fills a unique gap in crypto comunity.
GlassNode Says That...
According to the information received by GlasNode recently, the amount of Ethereum in the exchanges has dropped to the lowest level since 2017. It can be thought that these Ethereum’s taken from exchanges to private wallets are taken for long-term storage. Previously, this type of shortage for Bitcoin had showed us a new record in prices. The same may be possible for Ethereum.
In addition to all these, "Etherium 2.0", which everyone is eagerly waiting for, will have a positive effect on prices. However, it should not be forgotten that; For these to happen, Bitcoin prices must be in a horizontal course for a while at least in a certain price range. And also Bitcoin dominance should decrease for the money in the bitcoin must stay in the crypto money market and shift to alt-coins.
My new peak expectation in Ethereum is $ 3500 so what is your peak expectation?
