Ethereum (CRYPTO: ETH) is a wonderful asset to have owned in your portfolio. In the past five years, its price skyrocketed 537%. And it's up 45% in 2023. 

But as we remain in a so-called crypto winter, Ethereum has yet to reclaim its previous highs. The world's second most-valuable cryptocurrency is currently trading 64% off its peak price from November 2021.  

Should investors buy Ethereum at such a huge discount? Let's consider the bull and the bear cases with this leading cryptocurrency. 

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Source Fool.com