As all are speculating the merge for ETH, are we gonna see ATH for ETH in the crypto market? Thoughts?
As we know that the ETH price was relying now upon the BTC price, if there is BTC ATH, of course, there is also a new ATH of ETH.
ETH is one of the biggest networks that have many projects relying upon them so possible this will have a big impact on the market and for sure will create a new ATH. However, it need patience because there is no accurate time when it will happen.
The price of ETH is now at $1600, which means it's down about 65% from the ATH price it hit 8 months ago. Although the decline in the price of
ETH is quite deep, we don't need to worry, because ETH will definitely return to the price of ATH. The problem is that the price of ETH is greatly
affected by BTC price movements, so anyway if we want to see ETH recover, then have to wait for BTC to recover first. Therefore we really have
to be patient waiting for the ETH price to recover, because no one ever knows when the price of ETH recovers. But we can take advantage of
the current situation to collect ETH, because ETH has proven to be very good for long-term investments. Even now, ETH is still the best altcoin,
and no other altcoins have been able to beat ETH yet, so investing in ETH will be very profitable. So don't ever hesitate to buy ETH at a low price
like now, because ETH will definitely recover and achieve new ATH in the future.