Look, teacher, if we are seriously talking about crypto, Ethereum has always been one of the most reliable currencies in the market, and this is not for nothing. This is not a currency that came out yesterday, it has a history and a strong community developing it, in addition to many projects built on it. Now, the important question: Is it the right time to buy? This depends on your analysis of the market, because prices go up and down. But if you are looking for a good coin I think Ethereum is always a good choice especially with the updates they are making to improve the network and reduce fees.
If we compare the performance of Ethereum to Bitcoin the equation is clear and that When Bitcoin touched 100,000, Ethereum was around 4,000. Now Bitcoin is around 100,000, but Ethereum is still at 2,600, which is almost half its expected price according to its previous movement.
What does this mean? This means that either the market is still lagging behind in pricing Ethereum, or there are other factors affecting it such as supply and demand, updates, and projects built on it. But if history repeats itself, it is logical that Ethereum will be closer to 4000 soon, which makes it a good buying opportunity if the market is not manipulated!
This is what makes the current situation a bit strange. A year ago, Ethereum was 4000 and Bitcoin was 73 thousand, meaning the ratio of Ethereum to Bitcoin was higher. Now, Bitcoin has reached 100 thousand, and Ethereum is still at 2600, which is not normal compared to the price history. Either the market is lagging behind in pricing Ethereum and we will see a jump soon, or there are factors pressuring it, such as the fact that more money is going to Bitcoin currently due to ETFs and the huge investment flows into it. But if the market continues as it did before, we should see Ethereum return to 4000 or more, especially with its continuous updates and increased use in decentralized applications.
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