Ethereum

2024

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<a href="https://u.today/ethereum-eth-whales-going-insanely-bullish-details">Ethereum (ETH)</a>, the second-largest cryptocurrency by market capitalization, has been a focal point of speculation and analysis within the crypto community as eyes are peeled on where its price trends next in the wake of the ETF launch.
A recent report from crypto-ranking platform CoinGecko provides insight into what fund managers think about the future price of Ethereum, with projections ranging as high as $166,000.
In its latest analysis, CoinGecko <a href="https://x.com/coingecko/status/1824468673308037196">offers</a> Ethereum forecasts from eight prediction issuers, including major fund managers, predicting what price range ETH holders might expect in the near to medium term.
<blockquote>
 What is Ethereum's price prediction for 2024? 👀Our latest study reveals that top analysts, outlets, and fund managers predict <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> will average $6,404 by the end of 2024.Read the full study: <a href="https://t.co/FzuIYpuE9D">https://t.co/FzuIYpuE9D</a> <a href="https://t.co/Lj5TXYtqkF">pic.twitter.com/Lj5TXYtqkF</a>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1824468673308037196?ref_src=twsrc%5Etfw">August 16, 2024</a>
</blockquote> 
According to CoinGecko, all eight prediction issuers it surveyed were bullish on Ethereum, expecting it to increase between almost $4,400 to $166,000.
Most price predictions are, however, based on a longer time frame, with only Bernstein, QCP Capital and Standard Chartered providing a time horizon within the year.
VanEck predicts ETH to rise to $22,000 by 2030 and $154,000 in a bullish scenario, while Ark Invest expects ETH to rise to $166,000 by 2032. Geoff Kendrick at Standard Chartered expects ETH to reach $8,000 by the end of 2024. QCP Capital and Bernstein predict ETH price targets of $6,000 and $6,600, respectively, in H2, 2024.
<h2 id="expectations-remain-on-ethereum-etfs">Expectations remain on Ethereum ETFs</h2>
Ethereum exchange-traded funds (ETFs) began trading in the United States in late July, putting the world's second-largest cryptocurrency in a vehicle popular with many professional investors and advisors.
This year, the biggest driver of Bitcoin’s rise to its current all-time high of $73,780 was the launch of exchange-traded funds (ETFs) in the U.S. This investment vehicle opened access to Bitcoin but without the risks posed by self-custody.
Despite the late July price drop in cryptocurrencies, much is expected from Ethereum ETFs, based on the successful launch of Bitcoin ETFs.
However, <a href="https://u.today/dormant-ethereum-whale-awakens-92500-eth-moved-after-six-years">Ethereum</a>'s short-term price action paints a different narrative as the price of ETH has dropped 24.5% in the past 30 days. Over one year, Ethereum lags behind Bitcoin at 41.5% compared to the latter's 107.4% gains, according to CoinGecko data.
The prospect of Ethereum ETFs boosted the cryptocurrency, but its gains have since been erased, leaving it lagging Bitcoin by 5.9%, compared to Bitcoin's 51.9% year-to-date gains.
At the time of writing, ETH was down 0.6% in the last 24 hours to $2,600.

Ethereum to $166,000? Fund Managers Weigh In on ETH Price

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