Is Ethereum (ETH) Coin A Good Buy Near $4K Leve?

While it is true that the recent rally in the crypto space has been largely headlined by Bitcoin, the world’s biggest cryptocurrency by market cap, it should be noted that Ethereum has continued to hold its own in the market. It is the second-biggest cryptocurrency in the world by market cap and has performed strongly over the course of the past 12 months.

Key Analysis

Ethereum has managed to clock gains of as much as 900% during the period and hit a record high of $4800 a token. Although it is impossible to predict where the price of Ethereum is going to end up eventually, experts believe that it could breach the $5000 a token mark.

However, at the same time, it is also necessary for any investor to keep in mind that cryptocurrency remains a highly volatile and unpredictable sector. Although Ethereum has found a wide range of use cases in recent times and thereby, recorded such strong rallies, it cannot be stated with any certainty if it is going to continue in the long run. That being said, the rollout of Ethereum 2.0 at some point in 2022 remains potentially the next big trigger for cryptocurrency.