Should You Buy Ethereum While It's Under $2,500?
Is Ethereum's current price dip a buying opportunity? Here's what you need to know.
As I'm writing this on Monday evening, one Ethereum (CRYPTO: ETH) coin is worth $2,482. The leading smart contracts coin is dipping below the $2,500 mark for the first time since last November, and you'd be down by nearly 15% if you bought Ethereum a year ago.
Incredibly, you also lost money if you held on to the Ethereum you bought in April 2021. By contrast, Bitcoin (CRYPTO: BTC) gained 70% over the same nearly five-year period while the S&P 500 (SNPINDEX: ^GSPC) stock market index rose 43%.
Is Ethereum's heyday already behind it, or is it a no-brainer buy at this historically low price? Let's consider three crucial questions. A firm "no" to any of these queries would be terrible news for Ethereum in the long run.
