Why These Experts Believe The Ethereum Price Could Soar to $5K

The Ethereum price has been trending to the downside after its successful implementation of “The Merge” and its transition to a Proof-of-Stake (PoS) consensus. Launched back in September on mainnet, ETH’s price has been losing bullish momentum since then.

At the time of writing, the Ethereum price trades at $1,298 with sideways movement during today’s trading session and a 5% loss in the last 7 days. As the currency’s value is dropping due to macroeconomic factors, the second cryptocurrency has been monitored by the market.

Ethereum Price ETH ETHUSDT
ETH’s price moving sideways on the 4-hour chart. Source: View the ETHUSDT Tradingview

Ethereum is still a possibility, but how long should you hold it?

A survey done by Finder and 5 experts showed that Ethereum’s bullish potential is limited for 2022. Experts believe this cryptocurrency will continue to move sideways throughout the remainder of 2018.

The tightened liquidity and financial conditions will limit the Ethereum price in tandem with macroeconomic conditions. ETH could therefore remain at current levels, or grow by approximately $1,360 to $1.377 by 2022.

Below, you can see that the cryptocurrency may gain bullish momentum between 2023 and 2024. This would take ETH’s price from its current levels to its previous all-time high north of $4,000.

Ethereum price chart 2

After that, Ethereum’s upside trajectory will be much steeper, according to the experts with a potential to reach a new all-time high in late 2024 or in early 2025. The cryptocurrency’s potential to rise to $11,700 over the next decade according to experts.

Some believe that Ethereum’s price could rise to $14,000, $23,300 and even $26,000 in the same period. According to experts, the U.S. Federal Reserve (Fed), and its program of interest rate increases will prove to be its greatest obstacle for future appreciation.

Ethereum price chart 3

Anton Altement, CEO of Osom Finance and Co-Founder, is one among bullish experts. He shared the following with Finder:

All round market pessimism driven by Fed’s actions and still locked ETH staking are the key factors holding back the price. Former should disappear by December, latter by next spring – those 2 events will unlock the next legs of the rally.

Will ETH’s Value Fall in 2022

Experts believe the Ethereum price will reach a low of around $900 to $1,000 in 2022. This could be a good level for long-term investors looking for future appreciation.

As long as the U.S. Federal Reserve continues its tightening program, Ethereum’s price will remain relatively low. Respondents believe that the low ETH prices offer an opportunity for them to invest in cryptocurrency. Alexander Kuptsikevich, Senior Analyst with FxPro said:

Ethereum is now in a position where long-term investors are supportive. Although crypto investors might remain cautious for the next few months and a couple more quarters, we can still expect an active bullish market to return by next year.

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