Ethereum at $2500 and next is what!

Ethereum is a leading altcoin in the market, and considering its market cap, it is the second-ranked cryptocurrency after Bitcoin. The Ethereum blockchain is highly advanced in terms of technology, and it is scalable, which is why a lot of projects choose Ethereum despite the fact that the transaction fees are higher, but projects prefer a reliable chain.

Because the demand for the Ethereum chain is higher, the use case and utility for the Ethereum coin are also high. This is the reason why we see good adoption for Ethereum in the market; however, in the current market scenario, the growth is not that significant. People are waiting to see a significant price appreciation happening on the ethereum coin for quite some time, but it is not happening. Bitcoin has shown a good price movement, but ethereum has not because it is not even where it made its all-time high in the last cycle.

Link

We can see a lot of stability on the ethereum price if we look at the chart which I have shared above and the fluctuation is not much even it is not much going down and at the same time it is also not going up with a good percentage. in the last bull run cycle we have seen that Etherium was able to make it approx 5000 US dollars but this time it did not even cross the range of 4000 US dollars. While people are expecting that the Ethereum potential is to reach the 10,000 US dollar price mark in this cycle but that looks quite difficult at this moment if we study the overall chart for the coin.

I am invested on ethereum so it is obvious that i'm also expecting some good value appreciation happening on the coin but that is not happening so i'm holding all my coins because this is not the right time to book profit instead i'm waiting for the right time when some value appreciation happens then I can think of booking some profit but this time for sure i'm not going to do anything. what are your thoughts about it, would love to know.

Thank you so much for stopping by, and if you like my content, please vote and share your thoughts in the comments section.

10% beneficiary to Tron-fan-club