What is the future of Ether (ETH), the cryptocurrency of the Ethereum blockchain? This is the question that a panel of experts interviewed by the Finder portal tried to answer. And they are rather optimistic about the long term price of the crypto-currency.
ETH at $11,700 in 2025
The ETH price has been trending downwards for the past month. But this would only be temporary, according to the 36 experts interviewed by Finder. They are indeed resolutely “bullish” on the medium and long term. They forecast an Ether at $5,783 by the end of 2022, then $11,764 in 2025:
Figure 1 – Predictions for 2022, 2025 and 2030
In 2030, ETH could exceed $23,000, according to this panel of experts. However, the experts interviewed have revised their predictions downwards. At the end of 2021, they estimated that the Ether could reach 6,500 dollars in 2022.
A mixed view of the Ethereum project
Some experts believe that the appeal of Ethereum is based solely on opportunism and community enthusiasm:
“Ethereum is at a very uncertain point in its history. It is currently losing DeFi market share to its competitors (although it remains dominant […]). Until Ethereum upgrades its systems and delivers on its promises to scale, I don’t have long-term confidence. “
The more “bullish” of the experts also note that their enthusiasm is based on Ethereum’s “Merge”, which will finally allow the network to modernise:
“The Merge, which is an update to Ethereum, is expected to happen this summer. This could have an explosive effect on the token. People have been waiting for this moment for years. [Ethereum] will be much more secure, 99% more energy efficient, and deflationary. If that’s not a trifecta in terms of potential, I don’t know what is. “
These are of course just broad speculations based on about 30 expert opinions. They are therefore not to be taken at face value, but may give an indication of whether or not a cryptocurrency project is trusted.
An ETH price that is currently wavering
For the moment, the price of the ETH is in any case rather struggling. It has experienced a long month of decline, to touch $ 2,700 on May 1:
Figure 2 – ETH price trend for May 2022
It follows the price of Bitcoin (BTC), to which it remains closely linked. However, the dominance of BTC has tended to decline. A year ago it was around 50%, but recently it has dropped to 40%.
In any case, we feel that the market is in a state of expectation, faced with a US Federal Reserve that is expected to give a new turn of screw tomorrow. Will this prolong the fall in the ETH price? This is the fear of some. At the moment, it is indeed especially the uncertainty which reigns
