Why These Experts Believe The Ethereum Price Could Soar to $5,000

The Ethereum price has been trending to the downside after its successful implementation of “The Merge” and its transition to a Proof-of-Stake (PoS) consensus. Launched back in September on mainnet, ETH’s price has been losing bullish momentum since then. Related Reading: This Expert Suggests How Ripple Price Will Trend Amid Expansion In Europe At the time of writing, the Ethereum price trades at $1,298 with sideways movement during today’s trading session and a 5% loss in the last 7 days. The second cryptocurrency by the market has been following the general sentiment in the market as the nascent asset class is pushed down due to macroeconomic factors. There Is Hope For The Ethereum Price, How Long Should You Hold ETH? According to a survey conducted by Finder with 5 experts, the Ethereum price has limited bullish potential for 2022. The experts believe that this cryptocurrency will likely continue moving sideways for the rest of the year. In tandem with current macroeconomic conditions, the Ethereum price will be limited by tightened financial conditions and liquidity. Thus, ETH is likely to stay at its current levels or rise by $1,360 to $1,377 by the end of 2022. As seen below, the cryptocurrency might pick up its bullish momentum in 2023 and 2024. This would take ETH’s price from its current levels to its previous all-time high north of $4,000. After that, Ethereum’s upside trajectory will be much steeper, according to th...