Should You Buy Ethereum While It's Under $2,600?
Workhorse Ethereum may be due some time in the sun.
Bitcoin (CRYPTO: BTC) has seriously overshadowed Ethereum (CRYPTO: ETH) this year. The leading crypto rallied to a new all-time high in January, while Ethereum struggled to come close to its 2021 glory days. This week, Bitcoin set a new price record, and Ethereum is still almost 50% below its record high set in late 2021.
However, the tide may be shifting. Ethereum has gained about 50% during the past month. Moreover, several factors might push its price higher before year-end. If you're wondering whether now is a good time to buy Ethereum, here are some considerations that may figure in its price.
Ethereum has a lot going for it. It's more accessible than almost every other crypto, since the Securities and Exchange Commission has only approved spot exchange-traded funds (ETFs) for Bitcoin and Ethereum. It's the second-biggest crypto by market cap, and -- as the original smart contract crypto -- it's home to thousands of projects and billions of dollars' worth of assets. Smart contracts are tiny pieces of code that live on the blockchain and make it programmable.
