The increasing ETH price is the reason why ETH prices seem to have difficulty rising following bitcoin which has shown good progress in the past 2 weeks. The Ethereum team should have a good strategy so that the inflation of the increase in the supply of ethereum can be reduced, for example by burning ethereum. We know that ethereum is currently the number one altcoin, but if the ethereum team does not maintain its existence, it is likely that investors will leave and turn to other networks because currently there are 3 closest competitors to ethereum, BNB, Solana and TON.
In terms of technological development, features, and various advantages and project progress, several coins and projects such as Solana and BNB are actually better than Ethereum. In some respects, it is better and more recommended than Ethereum, especially in terms of the development of its blockchain network.
It's just that for the market cap. there are no altcoins that have approached the market cap of Ethereum, so this coin remains at number 2 and follows Bitcoin's movement for sure. although there is no very positive and encouraging news, as long as BTC soars, usually the price of ETH will also soar.