Ethereum has been holding $350 strong for a few days now. While the whole market is going through a dip on the daily, many any analysts predict that the Ethereum price could be in for another big run up before the end of 2021. It was only two weeks ago that the price of Ethereum (ETH) was pushing towards $500. People who took the risk in March of 2020 at the very beginning of the Covid-19 pandemic and put money into Ethereum during a gut-renching dip were rewarded with gains over over 200% by the time August came around.
With many coins claiming to be "competitors" to the Ethereum blockchain, the crypto space has become quit unpredictable in terms of market capitalization, but Ethereum still remains the worlds second biggest cryptocurrency and the exact platform through which all the ERC-20 tokens run through. Altcoins that have seen huge rallies during 2020 like Tezos, Algorand, and Kyber Network all use the Ethereum blockchain for their token.
The $350 has absolutely proven to be strong support as enthusiastic investors will gobble up any price below this. Don't let Bogdanoff fool you.