Hello,
If someone has made a loss in buying and selling Ethereum, what is your suggestion? Should he\she hold Ethereum?
Is it possible for the price to reach $2300 before Christmas?
Thanks.
We've seen the price of Ethereum already hit $2400 and that's before Christmas. But I believe that with Christmas coming up, the price of Bitcoin and many other coins, including Ethereum, is likely to increase more. ETH is a reliable coin to HODL for the future and can offer high returns. And the value of this coin certainly I think has the potential to touch $3000 before Christmas if it continues to get higher. However, as the current market conditions show that all coins are trending higher and trending towards this or that position, holding Ethereum will give you a profit.
It is possible that we may see another correction, we must not forget that during December people spend more money than usual and they may be in need of money at the time, and if they have some money invested in good coins like ethereum then they may sell some of their holdings so they can afford all of those expenses, something which could cause a small decrease on the demand and the price may drop as a result of those market conditions.