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Here are some reasons why you should buy Etherum right now

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The release of Ethereum 2.0 is one of the most anticipated events in the crypto market. In this article, we will analyze whether it is worth buying an altcoin right now in anticipation of an early increase in its value, and in which case it may decrease.

  1. Reason №1
  2. Reason №2
  3. Reason №3
  4. Reason №4
  5. Reason №5
  1. Reason №1

The fourth quarter has always been strong for cryptocurrencies.

Now the cryptocurrency market is moving up synchronously with other markets. However, both have risks associated with the US presidential election or the possible continued lack of government stimulus measures.

But one shall not forget that historically the fourth quarter was quite favorable for the cryptocurrency market. That is why some experts recommend entering at possible falls or consolidations with the goal of $600 before the end of 2020.

  • Reason №2

Optimal level for buying

According to other forecasts, the Ethereum cryptocurrency is expected to rise to the level of $500. The reason for this is believed to be not only growth and capitalization in financial markets in general but also fundamental prerequisites.

Demand for Etherum is already fully observed in the crypto markets. The number of crypto wallets with a balance of 100 ETH is getting bigger and bigger. One more prerequisite for growth is the appearance of Etherum 2.0. Some experts even believe that the margin from buying Etherum now can reach 24% within 2 months.

  • Reason №3

It’s better to wait for a rollback

If the cost of Etherum is below $400, we can expect continued growth, which will raise the rate above $500 at the end of the year. But if the quotes fall below $400, it is likely to go to the level of $350 – $360, and the breakdown of the level of $350 will be a signal for movement to $300 – $200.

Based on this, experts recommend buying a coin based on a personal trading strategy and on local pullbacks.

  • Reason №4

The success of Etherum 2.0

Etherum may well continue to grow, but not as fast as it did in the summer when interest in ETH was provided not only by the upcoming update but also by the growth of the sphere of decentralized finance means.

In addition to the factors of coin price changes listed above, there are two more: the success of the launch of Etherum 2.0 and the sufficiency of the number of coins in the deposit contract for stacking. If these two events are not fulfilled, the price of ETH is expected to roll down.

  • Reason №5

Presidential race

Well, the last reason for the possible Etherum “to the moon” is the outcome of the US presidential election. Depending on who turns out to be the 46th POTUS, packages of financial support for certain areas of the industry will be offered. Hence, the prospects of ambiguity after the presidential election may push the market to $700 for Ethereum.

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