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Should You Buy Ethereum While It's Under $5,000?

TheMotleyFool

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Should You Buy Ethereum While It's Under $5,000?: https://g.foolcdn.com/editorial/images/846284/woman-using-ethereum.jpg

It seems hard to believe, but just over three months ago, Ethereum (CRYPTO: ETH) seemed like a surefire bet to break through the $5,000 price threshold. On Aug. 24, Ethereum hit an all-time high of $4,954, and all lights were flashing green.

But a lot can happen in three months in the crypto market. Right now, Ethereum is treading water around the $3,200 price level. It's been an unexpected reversal of fortune for the world's second-largest cryptocurrency. So is Ethereum a buy at current prices?

The bullish case for Ethereum is easy to make. Ethereum is still the top Layer 1 blockchain network in the world, and it's not even close. There may be dozens of competitors nipping at Ethereum's heels, but the numbers tell the story.

Source Fool.com

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