Tech

Ethereum could drop to 660 euros, but experts remain optimistic

The end of 2022 promises to be very complicated for Ethereum and its investors. Experts expect the cryptocurrency to fall as low as 660 euros in the coming months. Nevertheless, this fall would be the last before a new rise, which could reach 14,000 euros by 2030. A more timid forecast than before.

Over the past few months, the cryptocurrency crash has caused as many headlines as it has anxieties among investors. If Bitcoin was of course the most affected, its cousins ​​were not spared. In effect, Ethereum has also fallen drastically, in particular because of its still tenuous link with the queen of cryptocurrencies. At the time these lines are written, the currency is valued at 1507 euros.

But the next few months will prove to be particularly complicated, and the experts are not mistaken. In a survey for the Finder site, 57 of them estimated that Ethereum is about to fall to 660 euros. However, this does not mean the end of cryptocurrency. Indeed, invigorated by the recent rebound of the past few days, experts are predicting that the currency could rally back to 1672 euros by the end of the year.

Experts are optimistic for Ethereum, but less than before

From here, Ethereum should continue to climb. Still according to the same expert panel, the cryptocurrency should reach 5609 euros in 2025, then a little more than 14,000 euros by 2030. Optimism is therefore in order, but so is caution. Indeed, experts are much more reserved on the future of Ethereum, compared to a few months ago.

Recall that the cryptocurrency was supposed to end the year at 6350 euros in February. Following which, experts predicted that it would reach €27,732 in 2030. “As Ethereum’s correlation with bitcoin is still high, we can speculate that if the Merger occurs before the end of the year, its price may decouple. However, the external economic factor is vital, erecting obstacles to short-term price action”commented Ben Ritchie, one of the experts on the panel.

On the same subject — Ethereum: this landlord offers to pay the rent in cryptocurrencies, but is it really possible?

As a reminder, the Merger is the transition of Ethereum from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) blockchain. Highly anticipated by investors, it should take place next September. “All eyes are on Fusion when it comes to ETH”, points out Asher Tan, CEO of Coinjar. Thereby, 43% of experts believe now is the time to buy.

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