Today the price of ETH is $2,875.33 though it's -8% less the previous day . But I always appreciate invest in ETH.
The strategy of investing in Ethereum and other promising altcoins with a long-term perspective can be profitable, but it's essential to approach it with a well-informed and balanced mindset, considering the risks and volatility inherent in the crypto market.
I also think that the current price of Ethereum seems like a good time to invest. It reached $4k this year although the price is much lower now.
ethereum hasn't even reached its ATH yet, there's still many potential with ETH, but price already bounced back to $3100 already due to ETF i guess that could further helps ETH break past its ATH but what i'm afraid is if the ETF is underwhelming and there are not much inflow to the ETF market it could be disastrous in the effect to the price of ETH.
as we all know, like with bitcoin ETF after some inflow streaks usually it gonna get followed by outflow because people that are FOMO selling their bags, hopefully the ETF will be a success and ETH can see its ATH once again.