The price of Bitcoin returns to the peak, should you invest in Ethereum?
Is it too late to buy Bitcoin? Some investors are turning to Ethereum, which has surged sharply in recent weeks. But is this recovery strong...
The cryptocurrency has seen a massive increase of over 62% in the past month. The digital currency was trading at around $1800 between late April and early May, reaching a value of $2500 on Friday, May 16. However, this level is still far from its historical peak. Ethereum was already valued at $4600 at its peak in November 2021. Due to its extreme volatility, the cryptocurrency hit its lowest at $2200 and its highest at $4000 in 2024. So should we believe this time that it will return to the peaks steadily?
Antoine Andreani, head of research at XTB France, is not sure and believes that the rise of ETH is less related to its fundamentals and more connected to the broader stock market movement that it benefited from. Back to Thursday, May 8, the day before Ethereum's launch. The United States and the United Kingdom reached a trade agreement, representing the first major retreat from the massive tariff increases announced by Donald Trump.
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