#Ethereum's Price Stagnation: A Cause for Concern
#Ethereum's current price of around $1,700 is eerily similar to its price seven years ago, sparking concerns among investors and early adopters. Despite being a pioneering blockchain technology,#Ethereum's performance has been underwhelming, leading to widespread disappointment.
The crypto market's collapse has been brutal, with most #altcoins experiencing declines of 95% to 99%. Even #Bitcoin $ETH
, which reached a peak of $109,000, has failed to meet expectations. This bull market has been the weakest in history, with #Bitcoin and #altcoins breaking down on the weekly chart and entering a new downtrend.
So, where can investors buy Bitcoin, Ethereum's, and other coins? From a technical perspective, buying Bitcoin at the 0.618 Fibonacci retracement level of $32,688 USDT may be a viable option. However, this would require investors to exercise patience and wait for the price to drop to this level, potentially taking up to a year.