A panel of crypto “industry experts” has predicted that the Ethereum price will reach a bottom price of $675 before the end of 2022. They have “considerably lowered” their ether predictions since the start of 2022 and are now expecting the price of the cryptocurrency to end the year at $1,711 before rising to $5,739 by 2025, and $14,412 by 2030.
Expert Panel predicts Ethereum price
Price comparison portal Finder updated its ether (ETH) price predictions Monday. Finder measures expert predictions of the future Ethereum price using weekly and quarterly surveys. Its latest quarterly survey, conducted in July, “asks a panel of 54 industry experts for their thoughts on how Ethereum will perform over the next decade,” Finder explained.
According to the latest predictions by Finder’s panel of experts, the Ethereum price will be worth $1,711 by the end of 2022. It will then rise to $5,739 by the year 2025, and the ETH price will then reach $14,412 by 2030. However, the panel also expects the price of ether to first reach a bottom in 2022 at $675.
The report noted “While holding ETH until 2030 may prove fruitful, our panel thinks there are lean times ahead in the short term, expecting ETH to bottom out at $675 before the year is out.” Finder did note that the panels price predictions for Ethereum have lowered from the previous estimates. By comparison, the panel predicted in January that ETH would be worth $26,338 by 2030. In April, they lowered their prediction to $23,372. “Now [ETH] sits at $14,412 in July,” Finder reiterated.
The panel discussed in this article includes university directors, cryptocurrency exchange execs, crypto research analysts, and executives of various companies that offer crypto-related products. The panel was fairly split on the topic of whether now is the time to buy or sell Ethereum.
At the time of writing, ETH is trading at $1,450.75, up almost 40% in the past seven days and 51% in the last 30 days.