Bullish Ethereum Will Hit $4,500 by the End of 2021

Bullish Ethereum Will Hit $4,500 by the End of 2021
  • ETH will hit $4,500 by this year, as per the price prediction poll by Finder.
  • 21 out of 42 experts’ opinions in poll expect ETH to be at $4.5k by 2021.

As per the price prediction poll by Finder, Ethereum (ETH) will have a very bullish year. Moreover, the second-ranking cryptocurrency ETH will hit $4,500 this year. In addition, the panel is also bullish on ETH long term prediction, expecting a price of $18,000 by 2025.

Bullish Ethereum (ETH) Will Reach $4,500 in Short Term

Finder is an investing companion application, which has released its ETH price prediction poll results. The poll results show the bullish sentiment for the present and future of Ethereum. Moreover, 21 out of 42 experts’ opinions in Finder’s poll expect ETH to be at $4,596 by December 31, 2021. 

Experts provide different reasons for this opinion, however, most of them are related to the crypto market’s bullish outlook. Also various changes the blockchain has provided to fix its scaling problem in the near future.

Ethereum (ETH) Will Hit $100K by 2030

Many experts are mostly bullish regarding ETH’s long-term performance. Moreover, the average prediction of the panel indicated that ETH will hit $17,810 in 2025. Notably, there are people who are even more bullish on the ETH future. Ryan Gorman, who is the Co-founder of Trade the Chain, believes that ETH will go up to $100K by December 2030.

Ryan Adds,

”DeFi projects and other applications we have not yet even considered will continue to be built on the Ethereum blockchain and see rapid growth. This will, in turn, lead to ETH eventually overtaking Bitcoin as the world’s most valuable crypto asset.”

In fact, 71% of the experts explain that the switch to proof-of-stake ETH holds a plan to create in the future which will provide an edge over other proof-of-work-based cryptos like Bitcoin.

Bullish ETH Price Prediction

According to CoinGecko, the ETH price is at $2,296.32, with a 24-hour trading volume of $20,002,596,736, at the time of writing. 

ETH/USDT Price Chart (Source: TradingView)

The above chart shows the double bottom pattern. The double bottom pattern consists of two low points forming near the same horizontal price level which have been mentioned as Demand Zone. This indicates a possible bullish reversal signal. A measured price increase will occur between the two low points, showing some support at the price lows.

The charts show that ETH has performed a bullish trend over the past month. If this trend continues, ETH might run along with the bulls overtaking its resistance level at $4,239. Conversely, if the investors turn against the crypto, the price of ETH might plummet to almost $2,142, a bearish signal.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.