The cryptocurrency market is struggling to return to the highest price since the peak of the bull run two years ago. It began when Bitcoin rose to $20,000, gained notoriety, and competing cryptocurrencies like Ethereum made investors rich.
As a result of the increased demand for the commodity from the ICO boom, the price of Ethereum rose above $1,400 per ETH.
According to the analyst, the price of ETH could fall below $1,000 even if BTC rises to $50,000 or more in a day.
A crypto analyst predicts that Ethereum will never reach or exceed $1000 per ETH again, even if Bitcoin reaches $50,000 per BTC.
Bitcoin and all other altcoins are still falling from their record highs. But the majority of cryptocurrencies have fallen to 80% or below, and their BTC ratio has fallen sharply.