Ethereum is the most well-known altcoin, and it’s much more than just another cryptocurrency for many investors and enthusiasts alike. And experts say it could grow in value by as much as 400% in 2022.
Ethereum’s native token, Ether (ETH), has grown immensely in value since its creation. Launched in 2015 by computer programmer Vitalik Buterin, Ether has increased in price from $0.311 at its 2015 launch to around $4,800 at its highest late last year — with plenty of volatility along the way.
While Ether has recently dropped back down to as low as $2,200, that still represents a lifetime return on investment (ROI) of about 707,296% at the time of writing. A differentiating feature for Ethereum — unlike Bitcoin and other cryptocurrencies — is its utility as a software network that allows developers to build and power new tools, apps, and NFTs.
Cryptocurrencies, including ether, dropped sharply in late February as Russia’s invasion of Ukraine contributed to a risk-off environment amid increasing macroeconomic concerns. The price trend briefly turned higher in early March in response to the US administration’s executive order on regulating cryptocurrency but has since fallen back to around $2,500.
Ethereum price prediction for 2022: Is now the time to buy, hold or sell?
What do analysts’ expectations indicate for ETH investors? Is the coin a ‘buy’ for this year or should you consider taking a short position for a profitable trade?
“Following the Jan 2022 lows, Feb has put in a higher low so far. Bulls better hope that resistance around $3100 – $3200s break to establish a higher high for further continuation. Falling back to low $2,000s wouldn’t be pretty,” analysts at Santiment wrote in a recent Ethereum price outlook.
“The sentiment is pretty bearish, with a lack of confidence at the moment that the price will go up any further.”
Despite short-term bearish signals, Ethereum’s prediction suggested that the price could break through the first resistance level and trade at $2,604.48 by 19 March.
The long-term Ethereum forecast from Wallet Investor was bullish, projecting that the price could climb to $4,668.99 by the end of 2022, reaching $7,142.94 by the end of 2023. The algorithm-based forecasting site’s ETH prediction indicated that the price could surpass $10,000 in 2025 and end the year at $12,108.60. By 2027, the price could move up to $14,905.20.
Ethereum’s future price prediction saw the coin trading at $4,048.121 by the end of 2022 and $12,959.04 by the end of 2025. It then expected the price to accelerate to $17,575.68 by March 2027. The Ethereum coin price prediction suggested the price could remain volatile over the coming years, based on historical data. The price could average $3,320.02 in 2022 and $3,686.78 in 2023, rise to $5,020.28 in 2025 but then slide to $4,641.10 in 2026. The site’s ETH crypto price prediction showed that the coin could then gain momentum, reaching $11,788.98 in 2030.
CEO of NDAX Bilal Hammoud is one of our more bullish panellists, predicting ETH will reach $10,000 by the end of 2022, in part seeing scarcity playing a role in its increased value going forward: “Ethereum’s latest upgrade turned into a deflationary asset. Proof-of-stake will further lock up ETH for staking rewards, which in theory should influence the price to go up as supply decreases, while demand increases.”
