Ethereum remains one of the most popular investment choices when it comes to the crypto market. The returns from the digital asset have outperformed that of top rivals consistently, making it not only a more profitable asset but a better inflation hedge by current standards. Its price though has been down since the market crash and despite the recovery is still yet to touch the $4,000 point again.
There have been some optimistic predictions made for the future of the digital asset. Some have even said that they see the asset touching as high as $12,000. However, others have taken a more conservative route when it comes to price prediction for ethereum. A panel of fintech specialists has recently put the price of ethereum at $6,500 at year-end, less than 50% higher than its previous all-time high.
Ethereum Headed For 100%
Finder recently updated its predictions for ethereum using that of a panel of fintech specialists predictions. The panel had a positive outlook for the digital asset which they put at $6,500 by the end of the year, an over 100% price growth from the current value of the asset. Not only were the predictions positive for the short term, but the long-term outlook saw some even more impressive numbers.
The same panel received that they expected the cryptocurrency to touch $10,810 by 2025. This price mark had been predicted by others to happen in 2022, however, the panelists give the asset another three years to achieve this.
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Over the longer term, the predictions for ethereum are just as bullish. They put the price of ethereum at $26,338 by the end of this decade, which would be 2x from its predicted price point in 2025. “Ethereum is expected to hit $10,810 by 2025 before more than doubling to $26,338 by 2030, according to the average of the panel’s forecasts,” Finder wrote.
Although this year’s numbers were generally bullish, they fall short of the predictions made by the same panel the year before. The panel which consisted of 33 fintech specialists had previously put ethereum at $15,364 and $50,788 by 2025 and 2030 respectively.
ETH trending above $3,100 | Source: ETHUSD on TradingView.com
Finder also outlined that sentiment from the panel skewed generally positive for the asset, with the majority believing that the current price remains a great point to purchase the token. “Over half (52%) of the panel think now is the time to buy ETH, with 30% saying you should hold onto what you’ve got. Just 19% say it’s a good time to get out,” the report read.
What Does ETH Look Like On The Charts
Ethereum has since broken above the $3,000 resistance and has found a perfect balance point above it. However, momentum remains low across the market causing the price of the digital asset to stagnate.
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Sentiment still skews to majority sell, although only by 6%. It is up from the previous week which saw majority at buy, with only 40% looking towards sell. Current indicators point to a longer stretch of straggling prices giving the digital asset time to form enough momentum for another liftoff. Until then, ETH is more likely to hover around the $3,100 mark.
ETH is trading at $3,113 at the time of this writing.
Featured image from Tim Denning, chart from TradingView.com