bitcoin price has reached a new ATH of $99K, mate. and the price of ethereum is still holding at $3,276. This is proof that ethereum's movement is a little late and cannot follow the increase in bitcoin. so it's not a problem with bitcoin price but altcoin season hasn't arrived yet. because several other altcoins also seem to be struggling and are still far from ATH.
Yes, I am very disappointed here because I have an Ethereum investment at the moment, I thought that if Bitcoin reaches $100,000, Ethereum will easily stay between $5,000 and $10,000. We can see that Bitcoin has reached $99,588 but Ethereum could not cross $3,500. According to the price of Bitcoin, the price of Ethereum should have been above $5,000 to $7,000 at the moment, but instead, Ethereum is currently at $3,300. Another main reason for my disappointment in investing in Ethereum at the moment is that if Bitcoin dumps, imagine where Ethereum will stand. But anyway, I will wait until 2025 and then take any decision.
Many say that, my friend. When Bitcoin reached ATH $99K, why didn't Ethereum touch the price of $5K but still seemed to struggle at $3,500' This is what we should analyze because it seems like investors are still focused on investing in Bitcoin and have not seen Ethereum for now, especially new investors who they know and hear only Bitcoin and do not know Ethereum and other altcoins.
Maybe after investors have started to shift to altcoins, the price of Ethereum will increase and could exceed $4K, it all depends on the movement of the crypto market.
Mate, unfortunately this prediction could not happen because altcoins are being controlled by Bitcoin drive, that is, the dominance factor.
You see, not until many of us realize how the Bitcoin dominance rate works on the market, it may be very difficult to either invest or trade properly. Many newbies traders/investors are ignorant of this factors and go about thinking that once Bitcoin is pumping, etheruem and many other altcoins do likewise. As a matter of facts, if the demand for Bitcoin continues to rise the more likely the increase on Bitcoin dominance rates. Lets watch this factors while following Bitcoin market trends.
Beginners do not see the current daily volume, they only focus on bitcoin. Even though the price of bitcoin is rising high, altcoins are still far from ATH, except for solana which has successfully reached its ATH.
and we should wait until the altcoin season comes, if we want to see the increase in the price of altcoins.