Fintech experts predict Ethereum to reach $1,711 by the end of the year

As the crypto market seems to begin its long-awaited recovery and Ethereum reaches $1,500, many are curious about its further progress, especially in the light of the upcoming Merge.

A neon green logo of Ethereum cryptocurrency.

The panel of 53 crypto and web3 experts surveyed by laid out their predictions for the Ethereum price in 2022, 2025, and 2030. This year is going to be a wild ride for the second-largest cryptocurrency, fintech leaders believe. According to their estimates, Ether would first drop to as low as $675 and then bounce to $1,711 by the end of 2022. And looking further into the future, experts expect Ethereum to reach $5,739 in 2025 and $14,412 in 2030.

When asked whether it’s the right time to buy ETH, 43% of panelists voted for “buy,” and 16% preferred to sell. The remaining 41% believed that the best option is to just hodl. Meanwhile, 78% of experts agreed that Merge would have a positive impact on the ETH price, with over a quarter of them predicting that the price growth will occur immediately after the update, 24% three months later, 13% six months later, and 11% one year later.

Ethereum price predictions for 2022, 2025, and 2030.

The director of the Swinburne University of Technology Dr. Dimitrios Salampasis is among the experts that took the bullish side. “The expected transition to a Proof-of-Stake consensus algorithm is expected to boost the scalability of the network and bring more efficiency and effectiveness in transactions, along with, potentially reducing gas fees. Ethereum will still need to innovate to ensure that it has a differentiation point compared to its competitors, particularly Algorand and Solana.”

On the other hand, CloudTech Group COO Kevin He isn’t that optimistic about Ethereum Merge, eyeing ETH at $750 by the end of the year. Still, he believes the price per coin will reach $5,000 in 2025.

“If Ethereum successfully completes the merger this year, we expect the price to rise because PoS and faster TPS lead to higher demand for ETH from miners, investors, and Dapp users, and if the market woes are alleviated in the second half of the year, it is possible for ETH price to rise to the previous high or break the previous high due to the rising demand,” he said.