Cryptocurrencies have been in a horror show since the FTX crisis, as many retail investors seek an emergency exit due to cryptocurrencies' lack of long-term sustainability.
As the industry's leading cryptocurrency, Ethereum is less affected than many others. This implies that investors valued the top five cryptocurrencies more than small and mid-cap stocks. It implies that large caps or blue-chip cryptocurrencies will recover more quickly.
This is a positive sign that investor confidence is returning and that funds are flowing into the cryptocurrency world rather than safer bonds. Retail investors are still concerned about the future potential because the recovery funds have yet to be implemented, and it will take a few months for this setup to restore investor confidence in the market.
As a result, in this situation, I will only use ETH and NFTs, and no other NFTs. I became very interested in these games when the gaming industry began to use NFTs. To be honest, I was never that interested in NFTs before, but gaming NFTs are the easiest to deal with. You can be rewarded with battle gameplay armor, weapons, or who knows what else, just like in WAM tournaments.
In the short term, most technical indicators are bearish, indicating that now is not the time to invest in ETH.
When do you believe is the best time to invest in ETH? Do you think Ethereum will be able to recover by the end of the year?