Talking about the current market situation is really not good, and all the points that are so-called leading coins in the market are down, which shows a kind of situation that the market is bearish now. But the question is how long it is going to be. If it's a bear market, then for sure it is going to be long. And when I say long, it can be a few years. But if it's a temporary situation, then probably things will recover in some time, which can be a matter of a few months.
Ethereum is one of the ones I have been keeping in My Portfolio since long time, and I believe that this point has a lot of potential, but unfortunately, in the last few years, we have not seen a great performance by ethereum because in the last cycle, we have seen it going up, and the price was almost 5000 US dollars.
This chart can give you a better picture of the price movement for this coin, and currently, it is below 2000 US dollars, which has been on the downtrend for some time, so you never know if this price can drop even further. ultimately we can't ignore that it is a great blockchain network, and the utility for the coin is also very nice, but at the same time, if the market is not being great, then a similar impact can be seen on the point price, which is what's happening on the Etherium price now.
There are many other coins also, so my strategy is like I will try to invest in some other coins which are strong by the fundamentals just to average out the price because if the rhave seen recovery starts then probably I'll be able to book some good profit. And I, which the process to determine those some c,oins.
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