Eth Is Buy Below 3k

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Eth Is Buy Below 3k

Ethereum (Eth) Is Buy Under $3500?

Ethereum (ETH) has been up by 37% in a 1-year period. Although it was a very bumpy ride, the coin managed to reach a high of $4070.

But when we look at the broader crypto market, these gains are negligible and nothing to write home about. In fact, many US stocks actually delivered better returns than the ETH.

Eth Stuck Between $3k - $3.5k

As of now, Ethereum (ETH) is above the $3000 and below the $3500. Now, the big question is if Ethereum (ETH) is a buy while it is still under the $3500 level? Some say it is available at a bargain, while others deem it too expensive.

To make it simple, an increase in the use of ETH's smart contracts platform will also help the Ethereum (ETH). However, a decline in the use of the smart contracts platform will lead to a downside in Ethereum (ETH).

If we look back, Ethereum (ETH) has crossed the $3500 handle many times before! In fact, Ethereum (ETH) has even moved as high as $4K in the last while the ATH for the coin was $4892.

It appears that Ethereum (ETH) is following the Bitcoin price cycle. So, whenever the BTC moves higher, the Ethereum (ETH) will also follow suit.

Appreciation in the Ethereum (ETH) usually correlates with the BTC halving events. So if the pattern repeats again, the Ethereum (ETH) appears to be getting ready for a bull run again.

With that in mind, there's no doubt that Web3 and DeFi will change personal finance for good. And all of these will be helpful for the Ethereum (ETH) price.

Ethereum continues to lead the smart contract pack in spite of numerous competitors. A robust user community is shown by numerous indicators.

The Ethereum market accounts for over half of all cryptocurrency value locked inside app development initiatives. Four years ago, there were only about 130 million active Ethereum addresses; today, there are about 300 million.

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