As millions of greenbacks get funneled into the cryptocurrency and blockchain technology arenas daily, Californians are building a prosperous ecosystem where non-fungible tokens, digital asset management, and decentralized finance can thrive, too. 

After undergoing some sudden declines triggered by the Middle East conflicts, Ethereum reentered an ascending trend, and experts are now predicting it to gradually reestablish its first resistance point. Ethereum has accustomed traders to abrupt drops and wild fluctuations, but the latest rallies in some of the leading cryptos have yet to impact it positively.

At the moment, Ethereum is far from its all-time high (ATH) of $4,891, though the last three months’ price changes were positive. Other forces behind the massive resurgence exist, such as the anticipation of a friendlier crypto environment post-elections and the approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the crypto-reticent mainland of China, Hong Kong.

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Both Bitcoin and Ethereum are experiencing a lot momentarily, and quick-on-the-uptake investors are seizing golden opportunities to accumulate Ethereum during its price downfalls in hopes of boosting their profits later. If you’ve been lately wondering what is the price of Ethereum, learn that there are numerous sources to keep you posted on even the slightest fluctuations, all in real time.  

Live crypto price tracker CoinCodex envisions Bitcoin’s price at a bit over $100K and on its way to a new record in the months to come, so it’s crystal clear that a new ATH registered by Ethereum shortly isn’t excluded. Still, how far could the ongoing geopolitical strife hinder the asset? And what events are optimistic investors looking forward to in hopes they’ll trigger new price escalations and get the top dollar?

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The sudden downturn is attracting investors instead of scaring them away

The recent drop in Ethereum’s price inevitably left some investors panicking about its future, witnessing a few that cashed in on it out of fear of witnessing irreversible undoing. However, the share of quick-witted investors is substantially larger, so instead of seeing the heightened geopolitical tensions taking a toll on future price registrations, the opposite scenario becomes more than probable owing to the richer influxes into Ethereum.

Ethereum is a far cry from its ATH, which makes for fresh investments from both seasoned and aspiring crypto investors. Inching for over $3,4K, Ethereum’s humble pricing attracts new masses of investors to the table, with a focus on those who missed the opportunity to capitalize on Bitcoin’s boom. 

The former established a new ATH at a bit over $99,65K mark, meaning that if the thrill of recent highs lured you into getting some, you’d be buying high – hoping to sell higher. Instead, Ethereum provides a great opportunity to get some bargain crypto and buy low, as the general rule goes. Nevertheless, as with any other crypto around, there’s no guarantee of a profitable outcome. Buying crypto remains a tricky undertaking given the market’s wild fluctuations, so conduct your due diligence before submitting your order for crypto and seeing money fly away from your wallet. 

Other investments stood out

Besides Binance’s abovementioned massive ETH order incurred, another big-ticket investment was recorded by the exchange, this time welcoming 16,300 ETH and accounting for $51.1MN. However, this address has been actively accumulating ETH since the end of March, amounting to over 67K ETH, or a corresponding $228.33MN.

Institutional and retail investments in Ethereum are increasingly weightier these days, and Bitcoin isn’t making an exception from the case. The consistent surge in institutional interest heralds a new era for the digital coin managers whose hopes regarding a regulatory framework are more palpable than ever, backed by an expanding crypto options space and the U.S. SEC’s assessment of Ethereum-based ETF applications. Other expert predictions besides those at CoinCodex forecast an imaginable rally above $5K after the approaching Bitcoin mining reward cuts. Another widespread prediction, this time spanning a longer timeframe, positions Ethereum at a whooping $4,6K by the middle of the decade.

Now, it’s even more important to realize the potential urge to invest in Ethereum or other cryptocurrencies out of FOMO. When most of the news paints favorable perspectives for cryptocurrencies, the natural longing to jump on the bandwagon to partake in the share of investors who are counting dollars after rallies is more intense than usual. Remain objective and thoroughly assess your risk tolerance and investment goals should you think of creating or expanding your portfolio’s Ethereum allocation.

What’s the catch with Ethereum and the halving?

In light of ever-rising investments in Ethereum, an approaching event is making a notable presence in the media: the halving. Since Bitcoin, unlike Ethereum, is far from adhering to a proof-of-stake system, miners are receiving fractions of Bitcoin as a reward for conducting math calculus and adding blocks to the chain. 

The asset’s said creator, Satoshi Nakamoto, aimed to ensure the scarcity of the asset and its resemblance to gold, establishing a feature in the leading crypto’s protocol that would slash these rewards in half. One may wonder what’s the connection between the reward decline concerning Bitcoin and its ever-lasting rival, Ethereum. And so, it begins; Ethereum has accustomed investors with price gains surrounding the time of the halving, and especially after.

There have been three halvings to date, and each one preceded Bitcoin price rallies. As the unwritten rule goes, when Bitcoin is rising, every other cryptocurrency experiences inflation, more or less. Being the leading crypto to threaten Bitcoin’s reign, Ethereum understandably comes second to leverage the former’s milestones. As such, it’s only regular to look at Ethereum as a potential beneficiary of the halving scheduled for April, potentially coquetting with the thought of giving it a shot.

Ethereum prices have been somewhat intimidating lately due to the consistent inflation waves registered over the year. Notably, this month’s crossroad has given late or greedy investors a chance to acquire the asset at bargain prices right before it makes a habit of showing up in green.

Endnote 

The massive Ethereum buy-in during the recent market turmoil emphasizes whales’ confidence in the asset’s potential and altcoins’ role in the broader financial system. Despite turbulences, the digital coin representing the top-used blockchain ledger keeps fueling bullish sentiments among the principal players.

The recent Ethereum whale accumulation spree is a positive sign for the asset and the broader crypto market, as such movements tend to precede market rallies. So, do your due diligence before investing because you need to know your onions to avoid falling victim to FOMO, crypto scams, and other perils hiding beneath the crypto market’s surface.