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?
This is good question that deserves a good answer, ethereum is said to best the altcoin, this coin has been in existence for a while, ethereum pumps immediatey Bitcoin pump although coins do the same but one thing you should know is that a coin that maintains it's lead in the market for some number of years and also continue to to do the needful by dipping and pumping is likely to be a good coin, op, my question to you is, has there been a dip season that has ever made ethereum not to recover once Bitcoin pump? I think this question is self explanatory, this brings us back to your question, the price of ethereum will definitely increase considering the fact that this is not the first time the market dip is affecting ethereum price, the thing is that there are processes this coins must go through, there is know need for the panic at the moment rather I advise that you keep hope alive and expect the best hence the coin is still at its recovery stage.