As you may know, the second-largest blockchain Ethereum is scheduled to transition to proof-of-stake later this month. This will make the network more scalable, and require less energy to keep running.
The merge is widely perceived a bullish event for the price of Ethereum. Many investors and traders have attempted to predicts effect of the merge on the price, and most of the predictions so far are positive.
However, the current market condition make its harder to believe that Ethereum will skyrocket after the merge. Regardless, some experts’ predictions on Ethereum remain bullish, and in this story we covered some of numbers experts are targeting to see post-merge.
Next Advisor interviewed several experts on their ethereum price forecasts, and most of them believe that ETH could once again break $4,000 in 2022. Bloomberg intelligence analyst Mike McGlone said price could range between $4,000-$4,500.
But, some opined that Ethereum would become extremely volatile this year. Crypto market analyst Wendy O expects the price of Ethereum to fall to $750, which is an 85% decrease from the all-time high of $4,800.
As Ethereum gas fees become cheaper, “I believe ethereum can go to $8,000,” said Ian Balina, the founder of crypto research and media company Token Metrics. A 53-expert panel reported by Finder expects at least $5,700 Ethereum in 2025.
The expert panel also expect price to go higher in 2030, to around $14,000. With the successful merge upgrade, Ben Ritchie, managing director of Digital Capital Management, expect the price of Ethereum to reach $15,000.
The future outlook of Ethereum is bullish, which is a factor of the versatility of things Ethereum can support. “Ethereum has over 90% of the NFT market,” said Henri Arslanian, global crypto leader of the professional services firm PwC. “This is going to be a very important year for ethereum, a kind of a make-or-break year.”