Do you remember a post I published on Leofinance a month ago? I wrote a post comparing AirPods Max and 1 ETH. Here's a link to that post. @rmsadkri/airpods-max-vs-1-eth
It has been a month and I think I already made a point that I was trying potray. Back then, the price of the AirPods Max (549 $) was equal to 1 ETh which was trading at 576 $ at that point in time. After a month, we are witnessing the ETH price at around 1100 $ and still pushing hard to get to a new all time high.
If you had invested in one ETH a month ago then you would not be enjoying the apple sound but would have more than doubled your initial investment. It shows why it is important to invest and consider a right time to do so.
I am no expert in predicting and performing technical analysis to project the price of Ethereum. But, it seems the macro environment surrounding all crypto assets is creating a market scenario that is positive towards most of the crypto assets including ethereum. Recent OCC decision in allowing the use of blockchain by banks, recent bitcoin rally, the ongoing pandemic and the lingering economic debate on inflation are some of the push factors to support ethereum price pump. Hope, all the positive energy building around this asset will see a new all time high this season. But, who can predict the future?
Unlike BTC, I hold few ETH throughout these months. I cashed out about 20% of the ETH holdings when the price hit 1090 $. That was worth almost 80% of the initial investment. I am being greedy and trying to make more profit if the price went up :) I am liking it so far. I am planning to buy more when it dips, if/when it happens.
All the hype maintained through the years is finally coming to fruition. And, I can definitely say that 1ETH was a better investment a month ago :D