Ethereum (CCC:ETH-USD) is climbing higher today as various cryptocurrencies continue to rebound after a rough start to the year. But some crypto traders might be wondering if Ethereum is still a buy at its current price.
Let’s take a look at what our experts have to say about the matter below!
Is Ethereum a Buy: What the Bulls Say
“Ethereum has been on a tear as of late and looks like a solid crypto investment in this bear market. There are many reasons to back the token including its popularity, bullish price movement, and more.” — Faizan Farooque, InvestorPlace
“There aren’t surgically accurate lines, but using BTC-USD as a gauge has worked well before. ETH-USD at these levels is already reasonable. If it falls into below $2,000 per coin it would make for a solid add spot. I don’t believe I will pounce all in at any level. But if Bitcoin ends up near $20,000 — its old headline high, that would be a place to engage in size.” — Nicolas Chahine, InvestorPlace
Is Ethereum a Buy: What the Bears Say
“From my vantage point, whether private citizens benefit from ETH or not is a side issue. For Putin, he sees an opening, one to hurt the U.S. and simultaneously profit Russia, a double whammy.” — Josh Enomoto, InvestorPlace
“Ethereum is asking users to begin on its network, switch to another, then come back in order to transact ETH. It isn’t a long-term solution. And that has swung the doors of opportunity wide open for competitors.” — Alex Sirois, InvestorPlace
ETH is performing well today with the crypto rising 12.1% over a 24-hour period as of noon Friday.
We’ve got more crypto news for traders to check out below!
InvestorPlace stays on top of the crypto market with our daily coverage of the space. For Friday, that includes the latest on Crypto.com Coin (CCC:CRO-USD), Meta Platforms (NASDAQ:FB) earnings hitting metaverse cryptos, as well as what traders need to know about Algorand (CCC:ALGO-USD). You can find all of this news at the following links!
More Crypto News for Friday
- Crypto.com Is a Good Way to Gain Exposure in a Bear Market
- Metaverse Cryptos Show Signs of Weakness Amid Meta’s Earnings Plunge
- Algorand Could Be a Premier Altcoin This Year
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
