1. As Ethereum is traded as the "second important currency" in the market
2. it comes to my mind to compare the pair BTC/ETH with Gold/Silver.
3. As the behavior seems to bee similar.
4. When one rises the other follows and vice versa.
none of these 4 statements are correct!
1. ethereum is not at all important and not at all the second one. it is the first noisy coin of all times and the most pumped altcoin though.
2. nobody compares bitcoin and ethereum because they have nothing in common. the noise that i said is doing it for advertisement but in fact bitcoin is a currency and ETH is a token which is not even supposed to be a currency.
3&4. if you really compare the charts of bitcoin and ethereum you can clearly see that the exact opposite of what you said is true.
when bitcoin rises, ethereum fallsSo its increase in value is much more impressive as that of BTC.
impressive eh?
this year bitcoin started out at $1000 and has been only rising ever since and now it is at nearly $4500. the biggest drop that it had was because of a large scale FUD about the internal war and split that caused a nearly 20% drop which didn't even last more than 1 day.
ethereum was pumped to $400 this year only because of countless ICOs which are forced to buy ETH tokens and then as these ICOs cashed out, the price crashed down which is about a 70% drop.
so yeah it is very impressive to have a 70% drop and still struggle to reach back to the ATH of the pump and reside below it.
Keeping this development in mind a course of 600 to 800 $ seems to be a realistic reach even in this year.
What to you think?
what development is that?
i don't really see anything changing about ETH, they just are trying to switch to PoS because of the bomb they have implemented a long time ago and it is about to go off. so this is a rushed fork which they are not even prepared for properly.
bottom line:
is 600-800 possible?
of course it is, as it is possible with any other pump and dump altcoin. but the chances of falling is a lot more serious. specially with the unknown territory of PoS and the
death of mining.