Ethereum

Rally

bullish

Spot

Rise

<p>Two market experts recently revised their predictions for Ethereum, with one claiming that the <a href="https://www.newsbtc.com/news/ethereum/ethereum-crypto-analyst-1900/#:~:text=If%20that%20happens%2C%20Ethereum%20could,its%20current%20price%20of%20%241%2C600.">second-largest crypto token</a> could rise to as high as $100,000. Interestingly, these ultra-bullish predictions align with some predictions made by financial institutions.</p> 
<h2 id="ethereum-to-rise-to-50-000">Ethereum To Rise To $50,000</h2> 
<p>Ethereum maximalist Adriano Feria predicted in an X (formerly Twitter) <a href="https://x.com/AdrianoFeria/status/1818488502071230631" rel="nofollow">post</a> that Ethereum could reach $50,000 in this market cycle. He made this bold prediction in response to <a href="https://www.newsbtc.com/news/litecoin/litecoin-ltc-surges-20-higher-as-bitcoin-pushes-to-new-yearly-highs/">Ethereum developer Eric Conner’s</a> prediction that ETH will reach $35,000 this cycle. Conner had initially <a href="https://x.com/econoar/status/1817683655999078406" rel="nofollow">predicted</a> that <a href="https://www.newsbtc.com/news/xrp-to-20-ethereum-20000/">ETH would rise above $20,000</a> in this bull run but eventually revised his price target because of the “ETH hate” he was receiving following his prediction.&nbsp;</p> 
<p>Meanwhile, Feria followed Conner’s footsteps and upped his ETH price target, predicting the <a href="https://bitcoinist.com/dogecoin-founder-ethereum-100000/" rel="nofollow">crypto token to reach $100,000</a>. He explained that the hate ETH was getting made him realize that “99% of the people in the world are completely sidelined, and institutions have barely gotten their feet wet.”</p> 
<p>Feria added that those holding ETH are truly the “world’s elite” because ETH’s&nbsp;bull case should send the crypto token to $100,000. The analyst suggested that Ethereum has yet to enjoy mainstream adoption, and it could send its price to the $100,000 target when that happens. This includes the entry of institutional investors into the Ethereum ecosystem, which is already happening thanks to the <a href="https://bitcoinist.com/ethereum-spot-etfs-trading/#:~:text=Bloomberg%20analyst%20James%20Seyffart%20has,approval%20would%20come%20this%20week." rel="nofollow">Spot Ethereum ETFs</a>.&nbsp;</p> 
<p>Feria is also confident in his prediction and remarked that he wasn’t joking. He noted that some financial institutions have come up with bull targets close to his price target of $100,000. One of the financial institutions that the analyst might have been referring to includes VanEck, which gave a <a href="https://www.newsbtc.com/news/ethereum/vaneck-ethereum-price-22000/">bull case price target</a> of $154,000 for ETH by 2030.&nbsp;</p> 
<h2 id="why-eth-rising-to-50-000-is-possible">Why ETH Rising To $50,000 Is Possible</h2> 
<p><a href="https://bitcoinist.com/is-ethereum-crumbling-these-two-crypto-experts-due/" rel="nofollow">Crypto investor Jesse Eckel</a> recently <a href="https://x.com/Jesseeckel/status/1818733919094669489" rel="nofollow">made</a> a bullish case for Ethereum, explaining why Ethereum will not only reach but surpass the $50,000 price target. He alluded to VanEck’s prediction that <a href="https://www.newsbtc.com/news/bitcoin/vaneck-predicts-bitcoin-price-52-38-million/">Bitcoin can reach $52 million</a> by 2050. He claimed that ETH is “<a href="https://www.google.com/search?q=eth+vs+btc+chart&amp;rlz=1C1CHBF_enNG1114NG1115&amp;oq=eth+vs+btc&amp;gs_lcrp=EgZjaHJvbWUqBwgBEAAYgAQyCQgAEEUYORiABDIHCAEQABiABDIHCAIQABiABDIHCAMQABiABDIHCAQQABiABDIHCAUQABiABDIGCAYQRRg8MgYIBxBFGD3SAQg5OTg0ajBqN6gCALACAA&amp;sourceid=chrome&amp;ie=UTF-8" rel="nofollow">objectively better money than BTC</a>, ” meaning that the former could easily attain unprecedented heights since VanEck predicts that the flagship crypto will be worth millions of dollars.&nbsp;</p> 
<p>Eckel further remarked that Ethereum is currently the “backbone” of onchain finance. He claimed that ETH would “continue to grow as a legitimate form of money” as everything becomes tokenized and trillions of dollars move onchain. The investors also noted how almost every layer-2 network launches under the Ethereum ecosystem.&nbsp;</p> 
<p>With such massive adoption on the horizon for ETH, Eckel predicts that Ethereum can even rise to as high as $23 million based on <a href="https://bitcoinist.com/first-spot-solana-etf-filing-officially-submitted/" rel="nofollow">VanEck’s</a> prediction for Bitcoin.&nbsp;</p> 
<p>At the time of writing, Ethereum is trading at around $3,170, down over 4%, according to <a href="https://coinmarketcap.com/currencies/ethereum/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/F70pqoE1/" alt="Ethereum price chart from Tradingview.com" width="3286" height="1518">

Market Experts Update Ethereum Predictions: Is A 1,400% Rally To $50,000 Possible?

Table of Contents

NewsBTC

Other articles published on Aug 1, 2024

Solana price prediction: Will the third move towards $190 be lucky for SOL bulls?

Vice President Kamala Harris' Chances Up To 43%: Is Her Crypto Pivot Driving The Surge?

CryptoQuant CEO: “Whales are Preparing for the Next Altcoin Rally”

Ferrari to Extend Cryptocurrency Payments to Europe by July End

StarChain Launches $10 Million Presale to Fund Blockchain Ecosystem for Scientific Data Storage a...

Terra Blockchain Faces Security Exploit; $6.8M Worth of Tokens Impacted

Join our free newsletter for daily crypto updates!