In the last couple of weeks, we saw a strong increase in Ethereum price in the wake of Bitcoin’s price increase. Ether price managed to finally break its consolidation and rose above 1,600 US dollars. Ethereum stabilized at $1,250 to $1,350 for a long time. This strong increase gives hope for a positive Ethereum forecast for the end of the year. How high can Ether reach by the end of 2022? In this article, we’re going to tackle Ethereum and forecast its prices for the end of 2022.
How did Ethereum perform recently?
In the last 1-2 weeks we saw a stronger increase in the Ethereum price. After the Bitcoin price broke out above the $20,000 mark, the Ethereum price followed with a price breakout. Ether went from $1,340 on October 25, 2022 to $1,575 the following day, breaking the strong resistance price of $1,430.
After this massive increase, the Ethereum price was able to continue to rise above $1,600. Despite a slight downward trend in the last few days, the Ethereum price has risen by almost 20% in the past 2 weeks.
Why is Ethereum going up?
The increase in the Ethereum price is mainly due to the fact that the Bitcoin price was able to break out of the $19,000 to $20,000 range. Bitcoin price saw such a long period of stabilization that a breakout to the upside or down became more and more likely over time.
Ultimately, we saw a breakout above $20,000. This triggered a strong bullish signal on the crypto market. Many altcoins were able to increase in value massively within a short period of time. This also included Ethereum, which at times increased in price between 20 and 25 percent.
Ethereum Prediction: How high can Ether reach by the end of 2022?
The Ethereum forecast for the end of 2022 has become much more positive due to the strong increase in the Ethereum price in the last 1-2 weeks. Although the market has calmed down recently, we can still see a slight increase or a recovery from a high level.
The Ethereum forecast could still improve if the crypto market could remain bullish in the next 2 months. There have been some signals for this in the last few weeks and the Bitcoin breakout to the upside confirmed these assumptions. However, the rise has now been stalled and the last few months of the year are historically considered more bearish.
How high can the Ethereum price rise by the end of 2022 in our forecast?
By the end of 2022, if the bullish market continues, we could still see an increase of 15 to 30 percent in the Ethereum price. However, further stabilization with possible short-term, slight increases seems more likely.
A price drop in the next 2 months seems to be rather unrealistic. Therefore, we assume that the Ethereum price can stay above $1,500. Our year-end Ethereum forecast is between $1,800 and $2,200.
Is it worth investing in Ethereum now?
Ethereum was quite successful in the second half of 2022. The Ethereum Merge brought the Ethereum course a strong price increase, especially a few weeks before. The course doubled from $1,000 to $2,000. Despite subsequent losses, Ethereum recovered very well from the extremely bearish first half of the year. The year 2023 seems to be a very good one.
The price of the Ether token could rise until the end of 2022, which our Ethereum forecast shows. But especially in the medium and long term, Ethereum is very well positioned after the merger, so an investment with long-term intentions should definitely be worthwhile. But speculating on short-term increases could also be worthwhile.
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