Ethereum was the first blockchain to use smart contracts – coded instructions that are executed on a blockchain by algorithms. While the current price of ETH is unstable, it is hoped that the technology will evolve into a more stable and usable currency. However, it is unlikely that this will happen before 2022 – a bullish trend for cryptocurrencies will continue until the end of the decade. In his report, Ben Ritchie argued that ETH will experience massive demand by 2022, putting a price target of $2,500 by then and $20,000 by 2030.
Using technical analysis, fundamental analysis, and macroeconomic factors, it is possible to make a strong Ethereum price prediction for the year 2022. The cryptocurrency is currently retracing to a key support level and could resume a bull run. Moreover, the release of Ethereum 2.0 is changing investor sentiment and could lead to a price boost. Another ERC-20 based project that may have a positive impact on the price is IMPT. The IMPT token is aimed at bringing utility to carbon credits.
The ethereum price prediction 2022 may be more difficult to make because the crypto market is volatile and algorithmic predictions can be inaccurate. The only reliable way to make a reliable prediction is to know the fundamentals of the digital assets. Moreover, it is important to have a plan in place and understand what your investments entail before investing.
