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

[Dragonfund]

It's simply because of the difference of the supply that circulates around the market.
ETH and BTC are different when we start to talk about scalability.
Consider as well that many people are into Bitcoin, but that doesn't put ETH into the corner.

This is wrong. I know supply actually determine the rate of buy and sell but you should know that even if bitcoin supply is more than 21 million, each Btc can be price at $50k/Btc. It's actually what price the buyers are willing to bid and what sellers are asking. It's just like the way auctions work in localities, that's how order book determines its price.

Looking at ethereum, one can deduce that its ready to explode as soon as Eth2.0 goes live as the current price remains at $506,thr next resistance is $610 and hoping Btc price don't flip this as 2020 all time high.
If Btc dominance should shift, altcoins will go gaga, and ethereum will be the leader.

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[Lordhermes]

Remember that the difference in drop down between bitcoin and ethereum wasn't that much as of 2017 so both started the bull together within a close range, meanwhile the 2020 bullrun case is quite different and on top of the delay in ethereum 2.0 which of course has effect on the price stability now.

..... ETH is practically useless. the only time you see it used is when someone wants to create a scam ICO token.

That's why ethereum is known as utility token that's, a center of different innovations in the crypto space thereby giving room and opportunity for scammers through ICO, DeFi and many more.

[ije07]

it is not impossible if ethereum can break $ 500, you can see for yourself the current market situation after bitcoin pumped $ 18k and has influenced the ethereum price to break the $ 500- $ 505 range. to me it is amazing that ethereum can hit $ 500 before the end of the year comes.

[Smartprofit]

Ethereum may be priced at $ 1,000, but how justified is that price?  

Ethereum has its own ecosystem, in particular DeFi.  The higher the price of Ethereum, the higher the commission on its network.  The higher the fees in the Ethereum network, the worse for the projects of the Ethereum ecosystem.  The worse the situation is for projects, the less the value of Ethereum as a cryptocurrency.

At the same time, the rise in the price of bitcoins is accompanied by an increase in the price of Ethereum (in BTC).

[Insomnia family]

If we want to compare eth and bitcoin prices in 2017 with the current eth and bitcoin prices, the current eth price should have reached $ 800, but as we see, eth price is still far from most people's expectation.
The reason is, the current situation is much different from the situation in 2017 from various sides, especially the supply of eth which is already very large.

Yes, that's right, when compared to 2017 it is very different. but at least ethereum has been doing well in terms of pricing although not what we expected for ethereum to go up to $ 800- $ 1k after seeing BTC pump up at $ 18k. However the current increase in ETH prices leaves most of the erc20 altcoin / token holders a little disappointed due to the high gas costs, the congested network, especially if the altcoins generated from the bounty, especially those listed on Uniswap, require high withdrawal fees and are not worth the payoff koinya.

[Jackl87]

Since September the total markectap of cryptos increased from 330B$ to now above 500B$, this means a lot of new FIAT went into the crypto market.
For most investors that are not so familiar with cryptos yet but heard from it and want to give it a shot there is only one project they know to invest into: Bitcoin.
During the bullrun in 2017 it also began with a rise of BTC but then afterwards the altcoin season began and BTC dropped to 1/3. Maybe we will see such behaviour again soon.

[kindbtc]

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?

If you checkout the market today you will see that ethereum price has broken 500 resistance which was very important for future price direction of eth, with this break we can expect eth to finally gain momentum that is important for longterm bulls.

[Sterbens]

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?

This is an imbalance when compared to the ethereum price in 2017. Maybe it was quite disappointing when bitcoin was skyrocketing, the ethereum movement did not look free.
I heard about this disappointment a few months ago due to the high ethereum gas price. thus becoming an obstacle for many investors who wish to shift their ethereum balance from their personal wallets to exchanges. it shows that market demand was not the same in 2017.

[InwardContour]

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 happened to ETH, it's increasing at a good pace, even though I expected a bigger move considering the fact that ETH 2.0 launches 1st December. However, I'm holding ETH for very long term hence I don't bother about current prices. I do think long term holders for BTC and ETH will smile, requires a lot of patience anyway. There is no point comparing current price with what happened 2017, I even think bigger uptrend than 2017's is on the way.

[Lantind]

this is one of the reasons. in 2017 people only paid attention to bitcoin and ethereum. different when compared to today. Defi, stablecoins, and even ethereum's competing platforms also have an important role to play. so forget about 2017 because the current situation is very different.

That's right, if someone keeps remembering about the crypto market that happened in 2017, then he will never have any additional thoughts at this point, because now there are so many new competitors born into crypto and most of them are all very good, close example is as you mention it.

[Mpamaegbu]

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?

It's the scability issue with ETH, that's what happened. The gas fee is killing Ethereum but hopefully all that will be resolved once ETH 2.0 is released. I know several projects on the ETH contract are waiting to launch once this version comes on. There is an ongoing project I have been following a few years now, it planned to swap before this crazy gas fee set in. Now, everything is on hold for the swap pending when the ETH 2.0 is launched. We all know that demand sets the price and value of any commodity. So, if there isn't much demand for ETH and the ERC usage there isn't going to be much appreciation in price for Ethereum.

[FireBallex]

I don't see anything wrong with ethereum right now, it's over 500$ and still counting, altcoins can't just pump all of a sudden, that's ain't bullrun, things have to happen slowly just as it takes bitcoin weeks to get over 15,000$, all you guys lack is patience and I don't blame you, altcoin season have been gone for so long

[tvplus006]

...Actually what happened to ethereum?

We have previously seen how the price of Ethereum increased by 2 times, while the price of bitcoin remained unchanged. Now something similar will happen, when the price of bitcoin stops growing, and perhaps there will be a correction, the price of Ethereum will grow in relation to the price of BTC.

[gatti]

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?

This is an imbalance when compared to the ethereum price in 2017. Maybe it was quite disappointing when bitcoin was skyrocketing, the ethereum movement did not look free.
I heard about this disappointment a few months ago due to the high ethereum gas price. thus becoming an obstacle for many investors who wish to shift their ethereum balance from their personal wallets to exchanges. it shows that market demand was not the same in 2017.

Now the Ethereum price had boost up to 500$ and many was holding for this time.Don't sell Ethereum now, you need to wait since the price get into maximum. Now Bitcoin price had crossed 18, 600$ and it was sole reason for the rise in Ethereum price.

[$anounimus$]

If you checkout the market today you will see that ethereum price has broken 500 resistance which was very important for future price direction of eth, with this break we can expect eth to finally gain momentum that is important for longterm bulls.

Yes, and in general this is a moment that everyone looks forward to with Ethereum tokens, because it has been a long time since Ethereum had a good price increase in the market, but now Ethereum is starting to show that it is still very good to sustain in the long term.

[Tomcolor]

We can understand simple altcoins market still down because this time people want forced rising bitcoin price. So need compare 2017 because altcoins time will come soon after something stable in bitcoin price. Actually when bitcoin price go up and something down everyday then altcoins price growing so we need some patients.

[usekevin]

We can understand simple altcoins market still down because this time people want forced rising bitcoin price. So need compare 2017 because altcoins time will come soon after something stable in bitcoin price. Actually when bitcoin price go up and something down everyday then altcoins price growing so we need some patients.

The answer was came with the current pump in bitcoin and Ethereum.The bitcoin price had reached of 18k$+ and the Ethereum price crossed a new moon of 500$ again after a huge month gap.So if this continue,we can expected the price of bitcoin to the new moon of 20k$.

[imstillthebest]

Indeed everyone expected Ethereum and other altcoins to go up when Bitcoin was like it is today. But it isn't easy because many people are still focused on rising Bitcoin and investing there. This is not just the case with Ethereum. Most altcoins are not getting the high rise effect of the current Bitcoin situation. But today is good news because Ethereum has broken through $500

its now on 500? woah i didnt see that comin . i was checkin eth value from time to time but earlier i saw that it was over 480 something . the op was just excited but eth is just moving slow this time compare to where it was last 3 years ago .

 like everyone else i was also expecting that my tokens are gonna fly a bit but its sad that the value of them are still the same , i guess theres gonna be no pump for them because people foccus too much on btc and on eth .

[cryptonx]

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?

ethereum price already surpass $500 mate, and the reason why this year is not like 2017 is because a lot of good altcoins born then marketcap of altcoins now divided to all good altcoins, not like 2017 only few good altcoins in the market,
and maybe thats the main causes why ethereum price didn't like in 2017

[sapnu]

We can understand simple altcoins market still down because this time people want forced rising bitcoin price. So need compare 2017 because altcoins time will come soon after something stable in bitcoin price. Actually when bitcoin price go up and something down everyday then altcoins price growing so we need some patients.

The answer was came with the current pump in bitcoin and Ethereum.The bitcoin price had reached of 18k$+ and the Ethereum price crossed a new moon of 500$ again after a huge month gap.So if this continue,we can expected the price of bitcoin to the new moon of 20k$.

That might be true but we cannot predict the movement of the market since it is volatile in terms of price but as we can see as of now the price of bitcoin is continuing to rise and even reached its highest peak since the golden time which is on 2017. As bitcoin rises up the ETH also rising up but the gap is far greater than the last time that bitcoin has bull run. Also other altcoins that time are rising but now we cannot see that some of the altcoins are not going with the flow of rising of bitcoin.