According to a survey, leading altcoin Ethereum will hit $675 bottom before ending the year at $1,711. Experts participating in the survey explain that they will bring Merge to Ethereum. We have compiled the opinions and predictions of the experts for our readers.
Ethereum prediction from experts: Extraordinary volatility is coming!
According to experts surveyed by Finder, Ethereum (ETH) will bottom out at $675 before ending the year at $1,711. However, it is possible to rally to $2,673 later. According to the average of the panelists’ responses, ETH will face extreme volatility for five months. The ETH price will end the year at $1,711, 7% higher than the current price. But before that, its current price will see a 57% drop. Afterwards, it will record an increase of 68%.
At press time, ETH is trading at $1,542, down 1.1% on a daily basis. However, the token has gained 31.38% on a weekly basis. Most panelists point to Merge, Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism, as a critical factor for the asset’s price. Ben Ritchie, executive director of Digital Capital Management, said:
Ethereum’s correlation with Bitcoin is still high. Therefore, if the Merge happens before the end of the year, we can expect its price to diverge from the rest of the cryptocurrencies. However, external economic factors are vital. This hinders short-term price movements.
“It is possible for the altcoin price to break the previous high”
Similar views are shared by Kevin He, COO of fintech company CloudTech Group. According to Kevin He, if Ethereum successfully completes Merge this year, PoS and faster transactions per second will increase the demand for ETH from miners, investors and Dapp users. In this context, he concludes:
Therefore, and if the problems in the market ease in the second half, we can expect the price to rise. Due to increased demand, it is possible for the ETH price to rise to or break the previous high.
Other participants agree. Thomson Reuters technologist and futurist Joseph Raczynski says ETH has yet to price Merge. “Ethereum still supports hundreds of billions of dollars in transactions and values with thousands of tokens,” Raczynski said. At this stage, Ethereum is still the nobility of the crypto world.” The average of the panelists’ responses points to a year-end price of $5,739 for 2025. It also shows that the year-end price for 2030 will be $14,412.
cryptocoin.comAs you can see from Finder, there were similar decreases in Bitcoin price predictions. In April, Finder’s panel predicted that BTC would end the year at $65,185. Later in July, the panel lowered that estimate, saying that the price is more likely to be $25,500 by the end of the year.
What’s next for the future of leading altcoin Ethereum?
The highly anticipated Merge upgrade has been in the making for over two years. The move to a scalable PoS Blockchain in the game for Ethereum is on the agenda. However, the size and complexity of the Merge upgrade also needs to be considered. That’s why there are doubts about the future of the popular altcoin project. However, a project among leading stakeholders remains largely bullish on the future of Ethereum. Of course, this is none other than Polygon, the Layer-2 scaling solution.
At the annual Ethereum Community Conference in Paris, Polygon’s vice president of growth, Mihailo Bjelic, shared his views. Mihailo Bjelic has this to say about Merge:
It’s an upgrade in a live network with millions of users, billions of capital, and tens of thousands of apps. It’s never easy. But Merge has been working for more than two years. All test-nets were successful. Matters like code checking are ok. So I think we are more than ready for the upgrade.
Two reasons for Ethereum to recover in the bear market!
Mihailo Bjelic later notes that Ethereum is very likely to withstand the bear market and recover. Bjelic said, “There are two reasons. The first is the home of innovation and development. Where all the developers are. It’s where more than 90% of the event happens,” he says. In this context, he continues his evaluation as follows:
Projects that focus on money will disappear. But the real developers will remain. The second reason is that Ethereum is by far the most secure, decentralized and programmable Blockchain in the world. It is perfectly positioned to be the center of this multi-chain network we are trying to build to potentially reach billions of users.
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