VanEck: ETH at $22 000 by 2030. Analysts at VanEck are adopting a new optimistic forecast for Ether. For them, the second-largest crypto on the market could exceed $22,000 in the next 6 years.

A very positive forecast for Ethereum

This price forecast by VanEck analysts is very substantial. Ether is currently worth just $3,840. Buoyed by the approval of ETH Spot ETFs, Ether has shown increasing momentum, and according to VanEck, this momentum will continue to drive the price higher.

“We have raised our 2030 price target for ETH to $22,000, thanks to news surrounding ETFs, advances in scalability, as well as our analysis of on-chain data.”

They claim that the Ethereum network has a “stronger value proposition for entrepreneurs“, and that the inflow of money won’t stop. According to VanEck’s estimates, ETH will reach a market cap of $2.2 trillion by 2030.

Now for the ETH Spot ETFs

VanEck is particularly interested in ETFs, being one of the candidates whose ETH Spot ETF projects were approved by the SEC a few weeks ago. ETH Spot ETFs will soon be making their debut on the stock markets.

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For Bitcoin, the approval of ETFs had enabled it to touch and surpass its ATH, so this is also the hoped-for case for Ether. According to VanEck, the network also has an advantage over the largest cryptocurrency: its utility :

“We believe ETH is a revolutionary asset with few peers in the non-crypto financial world. ETH can be considered ‘digital oil’, as it is consumed by activities carried out on Ethereum.”

ETH’s current capitalization is $461 billion, and its price has risen 112% over the past 12 months.

Source : VanEck