The state of ethereum right now:
Yes, it's been lagging behind Bitcoin quite a bit but it usually does in the initial phases when Bitcoin surges a lot.
In $ value however things are looking far better than most would think (compared to those calling it dead).
- Retested long lasting support
- Broke out of local accumulation
And some final interesting facts for those calling Ethereum one of the worst investments so far:
- Bitcoin is currently up 6x from the bear market lows
- Ethereum is currently almost up 4x from the bear market lows
In perspective, that's not a whole lot less than BTC (at least not when you compare it to the sentiment of being called dead).
Again, yes it has some catching up to do but it usually only does after Bitcoin cools down.
And the chart shows a clear picture as well.