Why Isn't Ethereum Price Rising As Much As It Used To? What's Expected for ETH by the End of the Year?
The largest altcoin, Ethereum (ETH), is experiencing a more passive rise compared to Bitcoin and other altcoins.
ETH, which has been in steady decline against BTC, is up only 36% this year, significantly lagging behind BTC’s impressive 109% rise.
The outlook for Ethereum is still bleak. At this point, analysts believe that the price is unlikely to exceed $4,000 by the end of December due to investor disinterest in ETH.
According to CoinDesk, new research from Amberdata suggests that ETH has only a 10% chance of breaking past its Q1 high of $4,000. However, investors are betting that BTC will break new highs above $100,000 while not expecting much of a rally for ETH.
At this point, Amberdata Derivatives Director Greg Magadini said that according to probability density function (PDF) and cumulative distribution function (CDF) indicators, investors estimate that Ethereum has only a 10% chance of breaking the $4,000 mark by the December 27 option expiration.
