With a current market capitalization of $360 billion as of the afternoon of April 17, Ethereum(CRYPTO: ETH) stands as the second most valuable cryptocurrency globally, trailing only Bitcoin in market dominance.

Over the past half-decade alone, the native token of Ethereum has surged by almost 1,700% in value. Such growth would have transformed an initial \(1,000 investment into an impressive \)18,000 balance today.

Despite Ethereum’s remarkable performance since the beginning of 2023, riding the wave of the broader crypto market rally, this digital asset still lags by 36% from its peak. Before considering diving in to buy the dip, here are three essential insights to keep in mind about Ethereum.

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Source: Fool.com