Right, but the chances are small though, I mean if ETH falls to $1k, there could be something big that happens to the market to instill fear on investors that they will suddenly dump everything including BTC. What scenario could that be? Even the biggest hacks in the market by the Lazarus group worth billions of dollars didn't put that much dent on the market. Yes, everything is possible but it will take like, and I do not like to speculate but maybe another huge war which I do not think will happen to humanity.
If ETH drops back to $1k, then I'm sure that bearish has arrived again. and usually when ETH dumps, then the condition follows the dump of the Bitcoin price too. And if Bitcoin and Ethereum have dumped, then other altcoins will also follow it much harder.
Well, we certainly don't want that situation to happen quickly, because we are currently in the waiting phase for the altcoin season. So there are still many people who speculate that the price of ETH can still rise very significantly later in the altcoin season. yes, although there is no guarantee for the fixed price at ATH, but we all hope that the development of the ETH price will be very significant, as well as its market cap.