The crypto market has bounced and is showing signs of a strong recovery, with Ethereum leading the charge for the top 10 coins
The cryptosphere is abuzz with optimism today after several of the top coins registered double-digit gains on the day. Ethereum is leading the charge for the large cap coins, and ETH’s price has increased by 25% this week, more than Bitcoin, Dogecoin, and all of the other top coins.
In this article, we’ll show you how and where to buy Ethereum, as well as dissecting the fundamentals of the coin and making a price prediction.
How & where to buy Ethereum in the UK and elsewhere
If you want to profit from the resumption of the crypto bull market, you will need to buy Ethereum. ETH is the second-largest coin by market capitalisation, meaning it is unbelievably easy to purchase Ethereum tokens. We’ve selected the two top brokers to buy Ethereum below — simply sign up for a free account, make a deposit, and you’ll be ready to make your first ETH purchase today.
All of our recommended platforms are fully regulated and compliant, so you can invest in the knoledge that your funds are safe and secure.
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
What is Ethereum?
Ethereum is the second largest cryptocurrency by market capitalisation, with only Bitcoin ahead of it on the crypto leaderboard. Ethereum was founded in 2013 by Vitalik Buterin, and introduced smart contracts to the world of cryptocurrency. If Bitcoin is digital money, Ethereum is “programmable money”, and this increased functionality has led to many analysts and experts predicting that ETH will overtake Bitcoin as the number one cryptocurrency.
At this point in the risk cycle and with ETH 2.0 coming (cheaper fees and less supply), I'm struggling to not sell all my BTC to move my entire core position to ETH.
To be clear – I'm a massive BTC bull, but I think ETH is the better asset allocation for performance right now.
— Raoul Pal (@RaoulGMI) April 21, 2021
Ethereum has achieved new all-time highs during this bull market, and looks set to record further gains in the coming weeks. Elon Musk, the Tesla CEO (who has initiated huge pumps for the prices of Bitcoin and Dogecoin in the past), recently confirmed that he owns some ETH. This could lead to a further rally for the number two coin.
Should I buy ETH today?
Cementing its position as one of the top performing cryptocurrencies, Ethereum is arguably the hottest “buy” on the market today, with a daily gain of 7.5% and a 25% price surge this week. Having achieved an all-time high of $4,356 earlier this year, ETH has proven that it has the legs to go higher.
Ethereum price prediction
Experts are predicting various price points for Ethereum. In the short-term, the all-time high is in view and represents the most obvious price target for now. A push up to $4,000 would allow ETH to gather momentum, after which it could mount an ascent to new highs. Many experts predict a price of $10k for Ethereum by the end of the year.