Ethereum’s future looks bright as experts predict it could reach close to $4,900 by the end of 2024, just shy of its all-time high achieved in November 2021. A report by Finder, featuring insights from 40 industry experts, reveals that the experts also anticipate Ethereum’s value peaking at $5,300 at some point during the year. The majority of panelists (71%) recommend buying Ethereum at this time, indicating an optimistic outlook for its performance in the coming year.
Mitesh Shah, founder and CEO of Omnia Markets Inc., is particularly bullish on Ethereum, projecting a year-end price of $5,000 and a significant increase to $10,000 by the end of 2025. Shah attributes this potential growth to the increasing interest in cryptocurrency investment, driven by the approval of Bitcoin Spot ETFs. He believes this trend will also benefit Ethereum as investors look to diversify their portfolios.
On the other hand, Joseph Raczynski, a futurist from Joe Technologist, Consulting & Media, offers a more conservative estimate, predicting Ethereum to close 2024 at $3,900 and rise to $5,600 by the end of 2025. Raczynski highlights the potential for an Ethereum ETF and the positive trajectory of the cryptocurrency market as key factors driving Ethereum’s value upward.
Alexander Kuptsikevich, a senior market analyst at FxPro, and Nick Ranga, a senior cryptocurrency and forex analyst at ForexTraders.com, both foresee Ethereum ending the year at $3,500. Kuptsikevich expects a peak of $5,500, while Ranga projects a rise to $4,500 by 2025. Both analysts point to the recent approval of Bitcoin ETFs as a positive sign for Ethereum, suggesting the possibility of an Ethereum ETF in the near future.
In contrast, Dimitrios Salampasis, a Senior Lecturer at Swinburne University of Technology, takes a more cautious stance, suggesting Ethereum may only slightly increase to $2,500 by year-end due to ongoing network challenges.
Overall, the experts’ predictions paint a positive picture for Ethereum’s future and its potential to reach new heights in the coming years.