Should You Buy Ethereum After Its Recent $4,865 High?
All eyes are on Ethereum (CRYPTO: ETH) this week. As measured by market capitalization, the second-largest cryptocurrency reached an all-time high price of $4.865 per token on Nov. 10, boasting a 52-week return of 894% on the evening of Monday, Nov. 15. A sudden crash followed the next Tuesday, taking the cryptocurrency all the way down to $3,971 per token.
Are the record-level Ethereum prices a sign of even greater gains to come, or is the bearish price cut a better predictor in the long run? Is it already too late to jump aboard this particular cryptocurrency bandwagon -- or should you pick up Ethereum tokens at a modest discount?
I think we have a solid Ethereum-buying window on our hands this week. Here's why.
Source Fool.com
