Ethereum: what's preventing the cryptocurrency from breaking out?
- All-time high in sight - but why is the drive missing?
- Market is still "bullish"
After the ether price marched towards 15 US dollars on January 1.300, many crypto fans were preparing for a new all-time high. Because after the correction on January 10th, when the ether price slipped from US $ 1.350 below US $ 970, many investors and speculators were still waiting for another high rise.
But after the losses were made up again, the ether price moved sideways. It seems like the last drive will be missing before breaking the all-time high of January 2018. At that time, Ether was priced at $ 1.448.
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Are the fees the reason why ether doesn't get going?
Could it be because of the fees? Because more and more traders complain that the fees in the Ethereum network are far too high. For some time now, Vitalik Buterin, the co-founder of Ethereum, has been dealing with the fees in the network and is now trying to reduce them.
High fees could actually be the reason why Ether is prevented from reaching the new all-time high. Or at least cannot reach the price level that one or the other ether forecast predicts after the all-time high has been broken.
Ether seems to be having problems starting the bull run. However, we at Bitcoin-News.One recommend not to get impatient now. It is only a matter of time before the price of Ether will march towards US $ 2.000.