Post
Topic
Board Altcoin Discussion
Re: Ethereum price approaches $3k
by
Abiky
on 26/02/2024, 11:11:00 UTC
Honestly speaking, I am not surprised to see Ethereum reaching $3000, because its potential much bigger than where it stands now. When, analyzing the historical price correlation of Ethereum with Bitcoin, theoretically its price should be above $4000 based on 1:0.08 ratio. Thus,it is is still under-valued, and I am pretty sure the market will fill this gap in coming weeks, if ETF of Ethereum is approved by SEC.  

Actually, ETH surpassed the $3k valuation. Next target would be $4k. I would imagine ETH going as far as $5k once spot ETFs are approved in the US. If delayed, then ETH should remain within the $3k -$4k range. Imagine how high market prices will be after the Bitcoin halving. It would be unwise to sell ETH now (unless you really need the money to pay debts).

If you're "smart", you'd take advantage of the "pump" to grow your wealth as much as possible. Be aware that ETH isn't immune to volatility. Converting it to USD or a stablecoin of your choice would be the best way to lock in profits before it's too late. Who knows if you'll become the next "Ethereum millionaire"? Cheesy