Ethereum Price Predictions: Where Will ETH Go After Today’s Crypto Crash?

It looks like predictions of a crypto winter in 2021 have come true, as cryptocurrencies have had a rough start to the year. Since early 2022, Ethereum (CCC:ETH-USD) has lost more than 9% of its value. However, ETH crypto remains the second largest cryptocurrency based on market capitalization, just behind Bitcoin (CCC:BTC-USD). So, what explains the decline of Ethereum this year? And where will he go from here? Today, let’s take a look at some Ethereum price predictions.

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Investors who have invested in cryptocurrencies as a hedge against inflation may want to reconsider their strategy. On the contrary, it seems that crypto is correlated with the general movement of the stock market. Yesterday the Fed published the minutes of the Federal Open Market Committee (FOMC) meeting on December 14-15. Based on the minutes, investors are anticipating a 25 basis point hike in interest rates in March, which is now expected to occur sooner than expected. After the minutes were released, Ethereum fell to $ 3,300 before rebounding slightly.

During the FOMC meeting, Fed Chairman Jerome Powell noted that “There is a real risk now, I think inflation may be more persistent and… the risk of higher inflation taking hold has increased. “In addition, the 10-year Treasury yield is at its highest for six months. Investors may flee to “safe haven” Treasury bonds in times of volatility and uncertainty.

Investors in Ethereum now face a hawkish Fed and rising Treasury yields. So the big question remains: what does 2022 have in store for Ethereum?

Ethereum price predictions: where will ETH go this year?

  • CryptoNewsZ has a 2022 price prediction of $ 7,500. In particular, this implies an increase of 121% compared to current prices. CryptoNewsZ believes that further advancements in partnerships and integrations will help achieve this price prediction. However, the prediction is “quite optimistic from a price point of view but definitely doable for Ethereum’s near-term projections.
  • Portfolio investor has a 2022 price prediction of $ 6,838. This represents an impressive increase of 101%. Additionally, Wallet Investor’s sentiment visual indicates that sentiment surrounding crypto ETH has been extremely bearish over the past month.
  • Digital currency has a 2022 price forecast of $ 4,660. This prediction implies an increase of 37%. Additionally, Digitalcoin’s Ethereum price prediction is currently emitting a “strong sell” signal, which appears to contrast with its price prediction. However, this does mean that Digitalcoin believes Ethereum may rebound after its price drop in 2022.

At the time of publication, Eddie Pan had (directly or indirectly) no position in any of the stocks mentioned in this article. The opinions expressed in this article are those of the author, subject to the publication guidelines of InvestorPlace.com.

Richard L. Militello