Ethereum: Buy the Dip?
The last few months have been rough for cryptocurrency, as the majority of cryptos have watched their prices take a nosedive. After reaching an all-time high in mid-November, the price of Ethereum (CRYPTO: ETH) had dropped by nearly 50% by the end of January. While this volatility can be nerve-wracking for investors, it can also be a fantastic opportunity to "buy the dip," or invest when prices are at their lowest.
Ethereum's price has started to rebound, however, up close to 30% from its lowest point last month. If the crypto's price is climbing once again, now could be a smart buying opportunity. Is now the right time to invest?
Image source: Getty Images.
Source Fool.com
