The recent market performance of Ethereum has made many investors hesitant. Should we buy at the current price point? Here are my two main points, I hope to give you some reference.

Point 1: Ethereum can be tentatively bought at the bottom

Although the current market volatility is fierce, the fundamentals of Ethereum are still strong. The following points support the view of tentative bottom buying:

1. Technical support: The continuous upgrade of Ethereum 2.0 and its wide application in decentralized finance (DeFi) and NFT fields make Ethereum have great development potential in the future.

2. Market pullback: The recent market pullback has caused the price of Ethereum to fall a lot from its high point, which is a good time for long-term investors to intervene.

3. Institutional entry: More and more institutional investors have shown great interest in Ethereum, and some recent large-scale purchases show that the market is optimistic about Ethereum in the long term.

Based on the above reasons, it is a more rational strategy to conduct tentative bottom buying now, buy in batches with small funds, and reduce costs and risks.

Viewpoint 2: Hold spot, do not open contracts

In the current volatile market environment, it is recommended that investors hold spot instead of leveraged trading. The reasons are as follows:

4. Risk control: Although opening contract trading can bring higher returns, it also means higher risks when the market fluctuates violently. Spot investment is relatively stable and more suitable for the current market situation with high uncertainty.

5. Long-term investment: As the second largest cryptocurrency, Ethereum still has a bright long-term development prospect. Holding spot can better enjoy the growth benefits that may be brought in the future without worrying about short-term price fluctuations.

6. Psychological pressure: Contract trading can easily cause investors to have great psychological pressure when the market fluctuates, leading to irrational operations. Holding spot can make investors calmer and calmly respond to market changes.

At present, Ethereum is worth a tentative bottom-fishing. At the same time, it is recommended to hold spot instead of opening contracts to reduce risks and enjoy long-term benefits.

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