50 fintech executives predict Ethereum will trade for $ 1,711 by the end of 2022
As the cryptocurrency market begins its path to recovery and Ethereum (ETH) trades back into the green and over $ 1500 mark, crypto investors are curious about where the second largest digital asset by market value will end the year.
In fact, the consensus of 53 crypto and Web3 fintech experts has stated their predictions that the price of Ethereum will first fall as low as $ 675, before recovering and ending the year at $ 1,711.
Looking further down the road, the panel believes that Ethereum will close the year 2025 at $ 5,739 and 2030 at $ 14,412, according to the results of the last Finds price forecast report shared with Finbold on 19 July.
The opinions of the experts and the Merge effect
Considering the recent crypto-market crash and the upcoming Ethereum Merge, which will officially mark the network’s transition to the Proof-of-Stake (PoS) algorithm, the panel’s opinions differ as to whether this is the right time to buy ETH or not.
More specifically, 43% of the panelists have stated that now was a good time to buy Ethereum, while 16% of them believe that the time has come to sell it. A further 41% believe that crypto traders and investors should just “hodl” at this point.
Meanwhile, 78% of panelists believe that the merger will have a positive impact on the price of Ethereum, with over a quarter predicting that the price increase will take place immediately after the merger, 24% three months later, 13% six months later, and 11% one year later.
In the words of Swinburne University of Technology Director and Lecturer Dr. Dimitrios Salampasis, who is among the more bullish experts with his predictions that ETH would trade at $ 2350 by the end of 2022 and believes the positive effect will show six months after the Merge:
The expected transition to a Proof-of-Stake consensus algorithm is expected to increase the scalability of the network and provide more efficiency and effectiveness in transactions, along with potentially reduced gas charges. Ethereum will still need to innovate to ensure it has a point of differentiation from its competitors , especially Algorand and Solana.
Bearish predictions for Ethereum
On the other hand, CloudTech Group COO Kevin He was among the more bearish audience when it comes to forecasts for the end of the year, looking at just $ 750. However, he believes that ETH will be worth $ 5,000 by the end of 2025, adding that ETH’s future price will depend on whether it completes the merger this year.
According to him:
“If Ethereum completes the merger this year, we expect the price to rise because PoS and faster TPS lead to higher demand for ETH from miners, investors and Dapp users, and if market problems are alleviated in the second half of the year, it is possible for ETH price to rise to previous highs or break previous highs due to increasing demand. “
As things stand, Ethereum is currently trading at $ 1,526, an improvement of 2.27% on the day and a 43.82% gain over the last seven days, according to CoinMarketCap data.
Disclaimer: The content of this page should not be construed as investment advice. Investment is speculative. When you invest, your capital is at stake.
