Elon Musk gave Ethereum its crypto token and things are looking good for the coin. Yesterday was a pretty big day for Ethereum (CCC:ETH-USD), even if it didn’t look like it. The coin, which is the second largest market share behind the almighty Bitcoin (CCC:BTC-USD), is getting support from possibly the biggest influencer in crypto. And with Ethereum poised for a breakout just after the crypto market recovery, how high will the Ethereum price predictions go?
A coin with the Ethreum logo on top of a financial document
After being pulverized over the past month, the entire asset class was extremely low. Bitcoin briefly erased all of its gains in 2021, and Dogecoin (CCC:DOGE-USD) continued its decline from its high of 73 cents to 16 cents. Ethereum is down more than $2,300 from its all-time high earlier in the year. However, the tides are changing and the ‘B Word’ conference has a lot to do with cryptocurrency recovery. Chainlink LINK price has risen.
Ethereum holders in particular can thank Elon Musk. The CEO of Tesla (NASDAQ:TSLA) is typically an altcoin promoter, who cryptically tweets about Dogecoin, Shiba Inu (CCC:SHIB-USD) or even Baby Doge (CCC:BABYDOGE-USD). However, yesterday we saw Elon Musk open up about regular coins. The billionaire revealed his own personal commitment to Ethereum through his conversation with Twitter (NYSE:TWTR) CEO Jack Dorsey.
Elon owns ETH. What does that mean for Ethereum price predictions?
The conversation between Musk and Dorsey, where Elon got poetic about Ethereum and Bitcoin, preceded a healthy 10% boost for the ETH coin. The good times seem to be slowly but surely coming back; the boost continues into today as well, with ETH moving another 1.5%.
Could Elon Musk’s ETH pump be just what the coin needed to break out of its bearish valley? Will ETH break out soon and return to its all-time high? Let’s see what the Ethereum price predictions have to say. Uniswap price has risen.
WalletInvestor predicts a bullish 12 months for Ethereum in the future. Their July 2022 forecast suggests a price of $3,943. The Economy Forecast Agency is forecasting only paltry gains for the ETH coin until the end of 2021. In December, the outlet believes Ethereum will rise to just $2,546.
DigitalCoin predicts slightly more bullish gains, giving Ethereum a forecast of $2,830 by the end of 2021. Coin Price Forecast suggests a $3,160 price for Ethereum by the end of the year.