While Ethereum (ETH) has been performing poorly against Bitcoin, analysts remain optimistic about the ETH price in the long term.
At this point, analysts predicted that the Ethereum price could reach $12,000 to $22,000 by 2030.
Analysts from StoneX Digital and VanEck said that the Ethereum price could reach between $12,000 and $22,000 in about 5 years.
Matthew Sigel, head of digital asset research at VanEck, and David Kroger from StoneX shared their ETH price predictions in their assessment at the StoneX panel.
First, Matthew Sigel said that Ethereum could generate $66 billion in annual cash flow by 2030, which could push the price of ETH to $22,000.
David Kroger made a dual prediction and stated that he expects the ETH price to reach a minimum of $4,600 within 18 months. Kroger also added that the ETH price could potentially increase to $12,621 with technological upgrades.
Sigel said, “Ethereum's revenues have fallen sharply since the Dencun update in March, which reduced transaction fees by approximately 95%. There wasn't enough volume to compensate for this fee drop. However, I think the negatives will be left behind and positive movement in ETH prices will begin this year.”
Finally, Sigel added that a Democratic presidential candidate Kamala Harris winning the election would be “positive for Bitcoin and Bitcoin dominance” but could be “hostile to other cryptocurrencies other than Bitcoin.”
*This is not investment advice.
