Two market experts recently revised their Ethereum predictions, with one of them claiming that the second-largest crypto token could soar to $100,000. Interestingly, these ultra-bullish predictions align with some financial institution forecasts.
Ethereum to rise to $50,000
Ethereum maximalist Adriano Feria predicted on X (formerly Twitter) fasting that Ethereum could reach $50,000 this market cycle. He made this bold prediction in response to Ethereum developer Eric Conner’s prediction that ETH would reach $35,000 this cycle. Conner initially Planned He had predicted that ETH would rise above $20,000 during this rally, but ultimately adjusted his price target due to the “ETH hate” that followed his prediction.
Meanwhile, Feria followed Conner’s lead and raised his ETH price target, predicting crypto token reaches $100,000He explained that the hate ETH has faced has made him realize that “99% of the world is completely sidelined, and the institutions have barely had time to get their feet wet.”
Feria added that ETH holders are the true “global elite,” as a bullish case for ETH should see the crypto token rise to $100,000. The analyst suggested that Ethereum is not yet enjoying widespread adoption and could see its price rise to $100,000 when it does. This includes institutional investors entering the Ethereum ecosystem, which is already happening thanks to Spot ETFs Ethereum.
Feria is also confident in his prediction and noted that he is not joking. He noted that some financial institutions have come out with bullish targets close to his $100,000 price target. One of the financial institutions that the analyst may have been referring to is VanEck, which has given a bullish price target of $154,000 for ETH by 2030.
Why ETH Growth to $50,000 Is Possible
Cryptocurrency investor Jesse Eckel Lately made bullish case for Ethereum, explaining why Ethereum will not only reach but exceed its $50,000 price target. He referred to VanEck’s prediction that Bitcoin could reach $52 million by 2050. He claimed that ETH is “objectively better money than BTC”, meaning the former could easily reach unprecedented heights as VanEck predicts the flagship cryptocurrency will be worth millions of dollars.
Eckel further noted that Ethereum is currently the “backbone” of on-chain finance. He claimed that ETH will “continue to grow as a legal form of money” as everything becomes tokenized and trillions of dollars are moved on-chain. Investors also noted that nearly every Layer 2 network is launching on the Ethereum ecosystem.
With such massive ETH adoption on the horizon, Eckel predicts that Ethereum could see its value soar to as much as $23 million, VanEck’s Bitcoin forecast.
At the time of writing, Ethereum is trading at around $3,170, down more than 4%, according to data from CoinMarketCap.
