Is Ethereum expected to go down?

The huge drop was caused by the market forces, but the slowing demand for the Ethereum coins could also be the reason . The likes of the Bitgert chain becoming a tough competitor for Ethereum.

The crypto news outlet Coinpedia predicted ETH could end 2022 between $6,500 and $7,500 if the same bullish upswing that started in mid 2021 were to continue. However, 2022 brought a bearish downturn in the crypto market, making it clear that Ethereum’s price is not going to rise from sentiment alone.18 Mar 2022

By the end of 2022, the value of Ethereum is expected to drop further to $2,592 . This represents a decrease of 30% over the course of the year. However, it’s possible that the cryptocurrency will rise in value instead, as the greater sustainability of Ethereum 2.0 may make it more appealing to investors.

Bitcoin and other leading crypto coins experienced a significant drop in share price after investors began dumping mining equipment as China announced fresh regulations .22 Şub 2022