I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Not only ETH but all other coins including Bitcoin have suddenly dropped in price. But it will recover again so don't sell at a loss if your financial backup is to meet daily expenses. It has temporarily dumped a bit so don't panic after seeing them just hold patiently as the price of ETH is now much lower than your purchase price. ETH price has a huge possibility to hit $10k in future so you should hold patiently. patience is they key of success. so you should keep in your mind that hold is gold specially for Bitcoin and Ethereum