The recent collapse in the price of Ethereum (CRYPTO: ETH) understandably has many crypto investors on edge these days. In just five minutes, the price of Ethereum fell by 15%. At one point, Ethereum was down nearly 30% before finally recovering. As a result, Ethereum is down 15% over the past 30 days, firmly in dip territory.
So should you buy the dip? Time and time again, this has been a successful strategy for Ethereum investors, and this might be the case again. Here's why.
Less than two weeks before the Black Monday crypto crash, the new spot Ethereum ETFs started trading. By all accounts, the first week of trading was a success, as the new spot ETFs managed to attract about 40% of what the new spot Bitcoin ETFs managed to attract during their first week of trading.
Source Fool.com