Ethereum has shown strong performance recently, however, whether $ETH is a "good investment" depends on our financial goals, risk tolerance, and time horizon. Let’s break it down:
Recommendations:
-Short-Term Traders: With bullish indicators and reduced volatility, there might be room for gains in the near term. However, monitor price resistance around $3,700-$3,800.
- Long-Term Investors: ETH remains a strong contender given its widespread use and adoption. Consider dollar-cost averaging (DCA) to mitigate market timing risks.
- Portfolio Diversification: Balance your crypto portfolio with other assets to minimize risks.