The price of Ethereum looks excellent these days, and there’s a new analysis that will probably make your day if you are an investor in the second market cap coin.
It’s been just revealed that there is a popular crypto analyst who is looking at the risk-versus-reward potential for Ethereum (ETH) as the digital asset sustains its recovery from a dramatic sell-off three weeks ago.
In a new strategy session, the host of financial education YouTube channel InvestAnswers had some pretty interesting things to say about the price of the coin.
The InvestAnswers host says:
“I believe the upside of 60% to get back to all-time highs far exceeds the downside of about $2,400 – that’s 20% from where we are today.”
He continued and said:
“From that perspective, you’ve got to weigh it up. Do you think there’s a faster horse you can jump on? What is your tax situation if you sell? How much you have to pay is going to eat into your profit.”
Ethereum holds above $3,100At the moment of writing this article, ETH is trading in the green and the coin is priced at $3,155.
The analyst also had this to say about the digital assets:
“I still do believe everything runs on ETH. It’s a beast, and the layer-2s are going to help them out a lot…I think ETH will slowly get nibbled away by some of the other layer-1s out there, but there’s also some exciting things happening with layer-2s on top of the ETH platform.” He went on to say: So just think about that upside versus downside.”
Check out the online publication the Daily Hodl in order to learn more details about the second coin on CMC.
Other than this, there are all kinds of optimistic predictions about the prices of digital assets amidst the market recovery. Stay tuned for more crypto news.
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