Ethereum ($ETH) is heating up! The current price is around $2,546, and it looks like it’s going to rise sharply, with a round bottom pattern. Experts say it will soon reach $2,700, and by 2025, it may soar to $6,000 or even $10,000! Let’s take a look at why Ethereum is so popular?
Why is Ethereum exploding?
Fast and cheap transactions: Ethereum’s layer 2 solution makes transactions whizzy and saves money, making it the big brother of decentralized applications (dApps).
Deflation trick: ETH has become more scarce after the change to proof of stake (PoS) and the EIP-1559 update. When the network is busy, there is less ETH, and it will definitely be more valuable in the future.
The ecosystem is booming: Ethereum is the leader in DeFi (decentralized finance) and NFT, the two fastest growing areas in cryptocurrencies.
What should I pay attention to?
Although Ethereum is great, investing in it is always risky. The unlimited supply may cause people to worry about inflation. In addition, rivals such as Solana and Cardano are also trying hard to catch up, and Ethereum needs to keep innovating.
Tips for trading $ETH:
Buy on breakouts: If ETH hits $2,700, it may continue to rise. If you feel the momentum is good, add some positions.
Stop while you are ahead: When the price reaches $2,700-2,800, you can consider selling and make some extra money.
Long-term holding: Experts say that Ethereum has a bright future and can reach more than $6,000 by 2025. If you think it has great potential, hold on to it.
Manage risks: Don't forget to set stops to prevent sudden market dives.
Don't wait! Ethereum is becoming increasingly scarce and more and more useful, and it is the boss in DeFi and NFT. This "sleeping dragon" has awakened, are you ready to fly with it?
Disclaimer: This is not investment advice. The cryptocurrency market is very volatile. Remember to do your own research (DYOR) and only invest what you can afford.#ETHBTC#以太坊
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