ETh overcame the new ATH right in this trend. I have a lot of confidence in ETh this year as the ethereum 2.0 upgrade has entered the final stage of clinical trials.
In the threshold of price support from this bitcoin dynamics, stretching and holding hard until the time of ETH 2.0's launch will probably be at the large threshold of 3k-5k $.
Hopefully after eth 2.0 launch, transaction fee could also be corrected because other small asset can't move towards exchanges due to that issues. Though most holders enjoyed the peak price that we meet this year, but other traders also need to make a living. Corrections is expected before next ATH, and this time is perfect for other people who still plans to invest.
we all hope so sir. hope the transaction costs can be cheaper. I hope that after the launch of ETH 2.0 it can happen. perhaps with lower transaction costs many new retail investors will emerge.
They are promising they'll launch it but until now it's still not fully launch, people are still suffering from high transaction fee, bitcoin and ETH both have high transaction fee actually and this is not good for the real adoption, it's the hype and the FOMO is what making the market more bullish.
By the way, Bitcoin hit $50k and ETH hit $2000, this thread has been answered already.
