Finder's ETH Forecast Hits $5.8K By 2025 — Will Ethereum Really Overtake Bitcoin?
Portfolio Pulse from Ananya Gairola
Finder's Ethereum Predictions Report forecasts ETH to reach $1,800 by end of 2023, $5,800 by 2025, and $14,411 by 2030. The panel is divided on ETH's future, with 48% holding, 41% buying, and 10% selling. Skepticism exists due to Ethereum's shift to proof of stake. BlackRock Inc.'s filing for a spot Ether ETF has recently brought attention to ETH, which traded at $2,058.72, while Bitcoin was at $37,139.40.
November 11, 2023 | 1:51 pm
News sentiment analysis
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NEUTRAL IMPACT
Bitcoin's market dominance is challenged by Ethereum's bullish predictions, but it remains strong with a recent price of $37,139.40.
Bitcoin is not directly affected by Ethereum's predictions, but the potential of ETH to overtake BTC in market cap could influence investor sentiment towards Bitcoin.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Finder's report predicts a bullish future for Ethereum, with a price target of $1,800 by end of 2023 and $5,800 by 2025. The report has generated interest, especially with BlackRock's Ether ETF filing.
The positive forecast by Finder and the interest from BlackRock's ETF filing are likely to create optimism among investors, potentially driving up ETH's price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100