- ETH/USD will recover to $140.00 by the year-end.
- The coin is rangebound with a bearish bias.
Ethereum has had a tough year as the coin has lost nearly 94% of its value since the peak reached on January 13 and retreated from the second place in the cryptocurrency rating. However, some experts believe that not all is lost as ETH may regain some ground by the end of the year.
According to the polls, carried out by Finder.com, on average, experts wait for recovery towards $140.00 by January 1, 201, which equates to an increase of 37% from the current price. Many analysts stress the coin's dependence on Bitcoin dynamics.
“It is all on Bitcoin, isn’t it? If it rallies, so does the rest of the pack. Of the top five, Ethereum is most dependent on BTC’s performance (after Bitcoin Cash). And while I am hoping Casper changes all that, it’s not there yet,” Alisa Gas from Wishknish says.
She expects to see ETH/USD at $140 by the year-end.
The most optimistic prediction comes from Rouge Ventures founder Desmond Marshall, he expects to see ETH at $250, which is nearly 300% increase against the current price.
ETH/USD is changing hands at $89.57. The coin has lost about 1.5% in the recent 24 hours, moving in sync with other digital assets. The coin remains under pressure as long as the market is dominated by bearish sentiments.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks

Ripple faces growing downside risks threatening potential return to $3
Ripple (XRP) price hovers at around $2.31 on Monday, extending its gradual drawdown from last week’s high of $2.65, as the broader cryptocurrency market swings between gains and losses amid shifting investor sentiment.

EOS uptrend falters ahead of token swap despite Vaulta’s DeFi TVL soaring to $246 million
EOS price slides on Monday to approximately $0.75, erasing a minor uptick on Sunday, while extending the drawdown from the May 10 high at around $0.99. The EOS network rebranded to Vaulta in the first quarter, paving the way for a web3 banking platform.

Bitcoin gives up weekend gains, signaling potential bull trap as momentum weakens
Bitcoin dips to around $103,000 on Monday, wiping out Sunday's gains and raising concerns of a short-term correction. Metaplanet adds 1,004 BTC to its treasury, while spot Bitcoin ETFs saw $603.74 million in net inflows last week.

Virtuals Protocol Price Forecast: VIRTUAL set to extend losses as triple top formation emerges
Virtuals Protocol (VIRTUAL) price drops over 10% at the time of writing on Monday, trading around $1.78 following a failed attempt to break above a key resistance level over the weekend.

Bitcoin: BTC stabilizes near $103,000 amid trade optimism, rising institutional demand
Bitcoin (BTC) price stabilizes at around $103,000 when writing on Friday, after facing multiple rejections at the key $105,000 resistance level throughout the week.