The price of Ethereum (ETH) has been a hot topic in the crypto community as of late, to the point where numerous experts were consulted and requested to share their views.
In particular, finance platform Finder has asked 32 fintech and crypto experts to give their end-of-year price predictions for Ethereum, and the results reveal positive expectations for the asset.
According to the results shared with Finbold, the experts suggest that Ethereum is set to rise as the year progresses, although it will not come close to its all-time high ($4,891). The coin reached this height on November 16, 2021, just before the crypto winter started pushing crypto prices down.
Polled finance professionals believe that ETH could reach its peak in 2023 at around $2,758. However, after that the price is expected to start dropping again in the second half of 2023, sinking to $2,342 by the end of the year.
Notably, some of the surveyed experts included Paul Levy, a senior lecturer from the University of Brighton; Dimitrios Salampasis, the director of FinTech Capability at the Swinburne University of Technology, as well as Aaron Rafferty, the co-founder and CEO of StandardDAO.
The panelists’ predictions were made into a chart that can be viewed here.
Post-Shapella worries
Moreover, commenting on their prediction, a number of panelists also expressed concerns regarding post-Shapella Ethereum.
Data shows that around 21% of them believe that ETH is facing a risk of centralization, while nearly one-third of panelists (29%) think that the upgrade will eventually cause a massive sell-off. Meanwhile, half of the panelists believe that the update will result in greater scrutiny by the regulators.
At the time of writing, April 27th, the price of ETH sits at $1,874.89 after declining by 4.64% in the last 7 days.
AI provides its own prediction of the Ethereum price
With AI being another hot topic in fintech lately, some experts leverage this technology to predict Ethereum’s future price. AI has been used for automated trading for some time now, as it can quickly identify chart patterns and trends.
In this line, Finbold used projections made by CoinPriceForecast which revealed that Ethereum will potentially manage to climb above the $2k mark by mid-2023 and surge to $2,146 by the end of the year.
It is worth noting that the AI prediction is less optimistic than the one provided by the polled experts, which projects the ETH price to be higher than that by year-end, even after it drops from the expected $2,758.
However, if AI is correct, ETH would still see a 31% price surge by the end of the year compared to its price today.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
