You can call the price of Ethereum expensive at 1600€, however it's very likely it is very cheap compared to it's potential price target.
Several charts I passed showed that ETH and BTC have the same levels of growth, the charts look of both are pretty much the same.
That means if eth is now 1600€ comming from 1300€, we have still time before the next bullrun to buy more of it at this accually cheap price.
If I listen to the idea's on tradingview, ETH's next big target could be 16000+€, that is a times 10 Lady's and gentlemen!
Meaning for every 100€ ETH you buy you could get 1000€.
I was first looking for some first page coins on coinmarketcap to invest in however I realized ETH is a big player and could offer more chance of growth compared to others. I don't like to gamble to much so I've chosen for ETH.
I remember in the days when BTC was 1000€ ANd went to 20K and after to 67K.
SO yeah, HODL!