I have been researching Ethereum price charts in an effort to spot more buying trends. It has the potential to increase in value enough to entice me to buy more. The price of every cryptocurrency is on the rise ahead of the US election and Ethereum is expected to rise even more.
What is your advice?
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I noticed that Ethereum has started to rise and now the market is green. Ethereum might be more suitable when the price is 2,000 dollars to buy because maybe at that price it is still worth it to take profit now in the market. Just look now the price of Ethereum is very expensive and has passed the price of 3,200 dollars. That means it has gone up 50% more than the price I suggested.
Back to each of us to buy Ethereum but I suggested buying Ethereum yesterday when the price was 2,000 dollars, then also now the market is rising and green, automatically in terms of marketing science if now is the time to sell all assets, not to buy. That must be the opposite of our thinking as lay people about cryptocurrency including Ethereum trading.
Ethereum price has indeed started to rise, because bitcoin price has risen high touching new ATH. your suggestion is right we should buy ethereum at $ 2,XXX because when ethereum price is still below $ 3K our chance to get profit is higher. and from what we have seen ethereum has stayed at $ 2K for so long and many people say ethereum price struggle when it is at $ 2,500.
If you haven't already then you must have bought it even at that price. It had the potential to increase and it still have the potential to increase now all investments are in BTC now and over time with market sentiments changing these investment will move into ETH and then price will move up.
My advice not a financial one therefore follow it on your own is if you haven't bought then buying now is good for short term profits. To buy more ETH in same fiat you can wait for a correction from BTC in that correction ETH price will decrease and will move up after it.
I am also waiting for the correction to buy ethereum, because I haven't had time to buy it to add to my collection in the wallet.
what you said is right, currently investors are focusing on bitcoin as an impact of what trump said during the campaign he would support bitcoin and make the US a bitcoin center this is what makes the price of bitcoin rise high, that's what I think.
trump is the US presidential candidate who will start leading the US next year, so what trump says and does will affect many people. this has a positive impact on the bitcoin market.