Ethereum: Buy, Sell, or Hold?
Is Ethereum's recent dip a buying opportunity or a sign of more trouble ahead? Explore Ethereum's future prospects and see where it could go from here.
The crypto market is back to its volatile old ways. Bitcoin (CRYPTO: BTC) prices rose 119% in 2024, easily outpacing the S&P 500 (SNPINDEX: ^GSPC) stock market index's 23% gain. By February 28, Bitcoin had dropped 8.6% below the year-end price level while the S&P 500 had gained a modest 1.4%.
But Bitcoin's volatility is just a serene breeze next to the unpredictable pricing gale around Ethereum (CRYPTO: ETH). The second-largest cryptocurrency fell 33% last year and followed up with another 31.4% price drop across January and February.
So Ethereum is falling out of favor with the cryptocurrency investing community. Is this the start of a long downtrend, or is Ethereum poised for a robust comeback from these dark days? And how should investors approach this fickle digital asset?
