Finder’s panel of specialists predicts that Ethereum (ETH) will be worth $1,377 by the end of 2022 before rising to $5,154 by 2025.
With coinmarketcap placing ETH price at $1,299, it is almost sure that Ether will hit another bearish run this weekend, despite the hopes of many investors, especially now that the Merge has been concluded. Successfully.
According to an article updated on Wednesday, the 12th of October, most Finder panelists suggest that new lows might be recorded in the short term. However, Ethereum (ETH) will remain a good investment compared to most altcoins.
Finder measures expert predictions for the future price of ETH through a weekly and quarterly survey. The weekly rounds involve a rotating panel of five fintech specialists if they are bullish, neutral, or bearish for the coming two weeks. The quarterly survey involves fifty-five specialists on their predictions for ETH performance for the next decade.
Finder Panelist- Buy, Sell, or Hold ETH
As published on Finder.com, 46% of the panelists think Ethereum is overpriced, 23% think it is underpriced, and 31% believe the price is fair. 48% say buying ETH now is good, 13% advise selling, and 38% say to hold.
Year-Long Bearish Trend
Over the years, the crypto market, in general, has witnessed a downward slope in prices, with short favorable breaks that end almost as soon as they begin.
The total crypto market capitalization dropped below $1 trillion in September, and the dreams of bullish investors began to dwindle. According to an analysis published by Cointelegraph, crypto investor sentiment “is at the edge of neutral-to-bearish.”
“The risk-off attitude brought by surging inflation led investors to expect additional interest rate hikes, which will, in turn, diminish investors’ appetite for growth stocks, commodities, and cryptocurrencies,” the analysis explained.
Is Ethereum (ETH) Overpriced?
Walker Holmes, the co-founder of MetaTope, also has somewhat pessimistic views about where ETH will trend by the year’s end. While he holds that Ethereum will hit $30 000 by 2030, he also stated that current market conditions would hold it down.
In his words, “as long as the FED continues to hike interest rates while also selling assets to the market, the path of least resistance is down for most risk assets.”
John Hawkins, a senior lecturer at the University of Canberra, sees ETH ending in 2030 as $100. “Ether remains volatile in price, and in the longer term, the uses will be better met by the central bank digital currencies.”
For Dr. Iwa Salami, co-director of the Centre of FinTech at the University of London, the altcoin is overpriced. He says, “…a lack of clarity around the regulations of crypto-assets still presents a great degree of uncertainty for the industry despite the Merge.”
A published article by CNBC backs the opinion of Ethereum (ETH) dropping, despite the Merge. It explained that ETH has fallen more than BTC since the “cryptocurrency’s underlying technology, the Ethereum network, underwent a huge upgrade called ‘merge’ “
“…this is, even more the case considering the ongoing conversations around the potential that regulators could view ETH as a security rather than as a commodity after the transition to proof of stake, and this might have a downward impact on the price in the near term,” Salami added.
You Can Still Buy ETH…
While Ethereum (ETH) is set to hit another bearish run this weekend, due to the nasty tumble, with last month being particularly brutal, some think there is still hope for the cryptocurrency. Macrohive takes its stand as neutral-to-bullish after analyzing various on-chain/flow metrics of Ethereum, which are also bullish.
However, they added that from their summary of ETH analysis, Ethereum, alongside other cryptos, will remain under pressure. “…for long-term investors, we still think some allocation to crypto makes sense- just like an allocation to equities also makes sense. But, be prepared for weakness in 2022-3.”
Another optimistic believer in Ether’s price target, Ben Ritchie, says, “if the force preventing the Ethereum price from increasing had pivoted, we are likely to see a massive demand for the asset.”
Bottom Line
Ether’s price isn’t going to miraculously rise as it is the weekend already, so investors can do away with their worries until the weekday comes again.
