It was a rocky year for Ethereum (ETH) holders. The world’s second largest cryptocurrency has fallen 26.73% since the start of the year, trading 29% lower than a year ago. At $2,445.14 per token, ETH fell another 4.03% this week.
While institutional funds continue to flow (the spot of Ethereum ETFS, which was drawn into at $741.7 million over the past two weeks), technical photos look shaky. ETH has recently pushed over $2,520, but has since been pulled back, with analysts looking at potential support around $2,320.
Still, if you had a good feeling to buy Ethereum three years ago, you would sit clean today.
Investing $10,000 in ETH in 2022
According to data from CoinmarketCap, it was June 27, 2022. Ethereum was trading at $1,193.68. This means that $10,000 had purchased around 8.38 ETH tokens.
It wasn’t an obvious purchase at the time. The cryptocurrency market is in the midst of a brutal bear market, with Ethereum crashing past $4,800 since its peak in November 2021.
Since then, the ride hasn’t been smooth. Ethereum continued to fall, and eventually even touched over $4,000 in 2024.
How much ETH do you have now?
Buying three years ago for $10,000, the 8.38 ETKEN is worth $20,490, $10,490 in profits, or 104.9% return today.
Not bad, but it depends on what you are comparing it to. XRP investors purchased three years ago had an a whopping 433% increase, while Shib owners managed just 41.9%.
Disclaimer: The content on this site should not be considered investment advice. Investment is speculative. When you invest, your capital is at risk.
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