Ethereum has barely rallied in 2022 and dipped below the $1,000 mark in mid-June as the crypto markets crashed. ETH managed to claw back and doubled in price in August as it reached $1,880 levels. However, its price wasn’t sustainable and plummeted in the indices on the same day of the Merge in mid-September. While Ethereum was at the $1,600 level during the Merge, it is now at the $1,200 zone a month later.
The Finder panel published new estimations for ETH and predicted that the second-biggest crypto will dip below the $1,000 mark again before the year’s end.
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The panel of 55 Fintech experts predicts that Ethereum could fall to as low as $963 by the end of 2022. The panel predicted that ETH will recover and trade at $1,377 before ending 2022.
Several analysts believe that ETH is currently underpriced and now is the best time to accumulate Ether. “ETH has fallen in value, though one could argue, Ethereum is actually more valuable and secure now. The narrative is also way better on the environmental impact, reducing electricity consumption by over 99%,” said Joseph Raczynski of Reuters.
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Ethereum Price Prediction For 2030
While the Fintech panel estimates that Ethereum could end 2022 at $1,377, the crypto could spike 8x in the next seven years. The panel predicted that Ethereum could reach $11,727 by the end of 2030. Therefore, a $1,000 investment today on ETH could be worth $8,000 by 2030, predicts the Fintech panel.
Looking through the half of the decade, the panel paints a rosy picture of ETH. As per their estimations, Ethereum could be worth $5,154 by the end of December 2025.
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Ben Ritchie, the Managing Director at Digital Capital Management stated that Ethereum’s growth is stunted by market factors. He predicted that once the economy recovers, Ethereum could shoot up in price like an arrow. “The unfavorable market conditions hindered the network’s growth. But when these factors are set aside, the probability of its success will significantly increase,” he said.
At press time, Ethereum was trading at $1,275 and is down 5.2% in the 24 hours day trade. The world’s second-biggest crypto is down 73.9% from its all-time high of $4,878, which it reached in November 2021.