Why can't the current Ethereum price keep up with the Bitcoin price?

[restuibu]

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

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[Vaskiy]

The scalability issues are the main problem and the current market conditions are not as same as in 2017. BTC first time has crossed the $17k price and the altcoins have followed this route all the way up to ATH. The alt season will bring the big money to the market and BTC price has not reached the top level yet.

At some point people move their investments from bitcoin to altcoins. This time it hasn't happened. This is the prime reason why there is no big growth with the altcoins price, particularly ethereum. Another thing, previously ethereum grew high due to the increased number of ICO that contributed to a massive growth to ethereum. Now that hasn't happened, as people are aware of ICO.

[concept2]

The situation is not the same. Bitcoin can have its old pattern but it id not necessary that ethereum also has to follow. This has made many investors like you disappointed.

However, it is a good chance for me cause I can estimate the future price of Ether. It does not incrase its price currently but I do believe that in a near future, its price will go up. I can see the opportunity through the shadow. The price does not change significantly and is stable around $400. And the longer it stays here, the longer time I can use to collect. Never underestimate Ethereum. Its blockchain is one of the most powerful and the advantages are undeniable. Dont hesitate to buy more ethereum, especially if you are a supporter. Ether will soon rise and dominate the market as the second largest coin of the crypto world

[FinneysTrueVision]

Ethereum has higher inflation than Bitcoin. They have no cap on their maximum supply so they are just creating money to infinity. Bitcoin is much more scarce and new coins are mined at a much lower rate. There is more ETH supply that can be dumped on the market. I don't know how their market cap compares vs. 2017 but I would assume it is not 50% worse like the price is.

[harizen]

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

Aside from dollar figures, there's not much action in the BTC/ETH pair compare back during the ETH hype.

In 2017, if my calculation is right when the BTC hits the $18,000-$19,000 mark, the Etherum price was around BTC0.04 to BTC0.05. Most altcoins got carried by BTC dominance during that year even the small-cap coins. There's also a high demand for ETH that year.

But looking at today's situation, most altcoins stayed on their average BTC price that's why looking at dollar figures, not much price increase even BTC is on an uptrend.

[Nivia1st]

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

There is too much competition on the Dapps platform and it's not like in the past when there was only Ethereum. Binance chain, Polkadot, Cardano, Tron, Eos, and many other dapps platforms are better quality than ethereum. this is the reason why when the uptrend returned, ethereum prices did not experience a high enough increase. people are less focused on ethereum, they have started to be attracted to competitors because they have a pretty bright future.

[tbct_mt2]

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

You sad wrong. The price of bitcoin and Ethereum did not hit their all time high at the same time. You can check charts of Bitcoin and Ethereum again and see what I meant. In reality the price of Bitcoin reached its all time high first and about 1 month later, Ethereum reached its all time high and the same goes for other altcoins.

So if the history will be repeated, the market might see a bull run of altcoins and I expect top altcoins will have their bull run one month after bitcoin falls from its high this year. We don't know the high of bitcoin this year and still waiting for it.

Actually what happened to ethereum?

Many things happened with Ethereum, in the past with ICO scams, last few months with DeFi scams and likely developments are in progress that we don't know.

[LogitechMouse]

~

2 possible reasons that I see with this.

1. Supply and Demand - We know that Ethereum hasn't any supply limit unlike Bitcoin. The supply of Ethereum at 2017 is obviously lower than what it is right now and add the fact that ICO hype has been there at the same year. The demand for Ethereum at that time is increasing because of the ICO's that are being created in the Ethereum Blockchain causing its price to rise.

2. Investors prefer to invest into Bitcoin rather than Ethereum - I think this is obvious already. People rather invest into Bitcoin because they see it more profitable compare to Ethereum.

[Yudhisthir]

Ethereum is a utility token and it has not done much to decrease it's transaction fees and increase it's speed. Ethereum 2.0 could make the difference but at current moment, Ethereum's price increase would render Ethereum unusable. Bitcoin on the other hand does not have to be fast and cheap but still it's fees and speed are comparable to Ethereum.

[Hallmader]

Funds are more focused in Bitcoin right now so it is understandable that Ethereum will not be able to keep up with Bitcoin's rise. But that doesn't mean there is something wrong with Ethereum. There isn't wrong with Ethereum. It is still the best altcoin there is and ETH 2.0 is still on its way. It's just that the large funds coming from institutional investors are choosing Bitcoin more than any other.

No need to worry about this though. Ethereum is still on its way to $1,000.

[tbct_mt2]

Ethereum is a utility token and it has not done much to decrease it's transaction fees and increase it's speed. Ethereum 2.0 could make the difference but at current moment, Ethereum's price increase would render Ethereum unusable. Bitcoin on the other hand does not have to be fast and cheap but still it's fees and speed are comparable to Ethereum.

Ethereum is a token. Did you actually spend a few minutes to search and find documents on Ethereum before you invested in the token Ethereum? Did you read its white paper?

Ethereum is a coin, an altcoin and has its blockchain. Its blockchain was used by many projects to run their projects on ERC-20 chain. Those projects are parasites on Ethereum network and they are tokens. Ethereum is not a token.

https://ethereum.org/en/whitepaper/

Ethereum
The intent of Ethereum is to create an alternative protocol for building decentralized applications, providing a different set of tradeoffs that we believe will be very useful for a large class of decentralized applications, with particular emphasis on situations where rapid development time, security for small and rarely used applications, and the ability of different applications to very efficiently interact, are important. Ethereum does this by building what is essentially the ultimate abstract foundational layer: a blockchain with a built-in Turing-complete programming language, allowing anyone to write smart contracts and decentralized applications where they can create their own arbitrary rules for ownership, transaction formats and state transition functions. A bare-bones version of Namecoin can be written in two lines of code, and other protocols like currencies and reputation systems can be built in under twenty. Smart contracts, cryptographic "boxes" that contain value and only unlock it if certain conditions are met, can also be built on top of the platform, with vastly more power than that offered by Bitcoin scripting because of the added powers of Turing-completeness, value-awareness, blockchain-awareness and state.

[judeafante]

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

Nothing really happened to Ethereum, it's still the second most popular coin in the market, and still the best choice for the smart contract, investors are on a wait and see now, but once they launch their 2.0 version things will be different, the price could go double, it's just Bitcoin dominance as it's highest making it the most preferred and had a big chunk of investors funds.

[Beparanf]

Simply all eyes of the investors is interested on Bitcoin burll run right now unlike 2017 where the whole crypto is on hype. BTC is very bullish due to recent progress like PayPal and Biden which surely will give boost on BTC alone. ETH don't make any move right and the only news in there pipeline is the upcoming upgrade to there blockchain. During 2017, ETH hype due to tons of ICO that using ETH blockchain as well as there token to participate in different ICO.

[Eddyc]

The market has become more professional and Bitcoin marketing around the world has gained a lot of strength and for being a pioneer and many global influencers consider it as Digital Gold. Unfortunately Ethereum is not being influenced by so much advertising and it affects prices. In 2017, many investors were laymen and dreamed of a revolution in the financial system, which is why we found an increase in virtually all altcoins. In short, the world has changed and the game is different.

[Nalbo]

When people talk about crypto they talk about bitcoin. Bitcoin is considered a investment even in not techy community and traditional stock and commodity investors. The limited supply and relative safety makes bitcoin an attractive investment.
On the other hand Ethereum is just a work in progress. It has not still have it's final outlook and is ever changing.
The current price is driven by institutional buyers and they are just interested in bitcoin.

[coin-investor]

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

We are in moving into a new scenario in the market, very much different from the previous market in the all-time high, Bitcoin dominance is pretty much higher compared before, because of the too many altcoins not delivering what they are expected to deliver, the spotlight is on Bitcoin, Ethereum is still good but scalability is one of the issues that hinder for many investors to more money in Ethereum, but let's see after they launch their new version.

[cotton ball]

ethereum is no longer like it used to be, the price is very different nowadays many people buy because of a phenomenal ICO that can make a lot of pretty good profits but when an ICO scam appears everything has changed rarely anyone dares to buy an ICO because the high loss rate makes ethereum leave the holder they and people prefer bitcoin at this time because its value and price will surely strengthen over time.

[Skadi360]

Its not necessary that ethereum will follow the steps of bitcoin when it comes to pricing. Lots of factors differ like how forsage and uniswap projects rugpull made the ethereum fee sky rocket. This made the ethereum holders go to other altcoins and back to bitcoin which is more stable than ethereum this year. Well, ethereum will have its own time in the future just this timw its bitcoin.

[mu_enrico]

Just checked Coinmarketcap and found this circulating supply data:
* BTC: 18,548,487 BTC
* ETH: 113,498,999 ETH

I don't think ETH price will catch up with BTC price because of this reason alone. Not to mention other issues like scalability, centralization, and premine.

[BIN-BIN]

The market force is what determine the price movement in 2017 we see almost all the cryptocurrencies in the market making remarkable gains in the market with their price raising and market volume constantly on the increase but in this present case only bitcoin is making the gains all other altcoins are just onlookers for now.