If we thought that Fusion would improve the price of Ethereum in the near term, we were wrong. At least with the completion of The Merge, because the fact that it was expected to come clearly helped the asset in its course in the market. Please note that on September 11 Ethereum price in the market reached $1,784, from which he got nothing less These days its price is up 37% from the level it experienced.
Once the transition to Proof of Participation is complete, the fact is that the price goes back to the July level, in which, we must remember, The year’s low was marked on the verge of $1,000 per asset. We haven’t reached that point yet, but the truth is that it breaks down again.
In its stock chart we see that yesterday’s rebound, which had lost strength, helps it recover slightly with a 1.2% progress in the previous week, while in the month, the cut reaches 8%. The fall in semester has already reached 57.5%, whereas, So far this year, Ethereum’s market decline has reached 63.3%.
And you know that prophecies sometimes do not come true, although always, as a reference, it is convenient to take a look at them. In fact, in Finder they back up their forecasts for July with Ethereum. at the end of the year at $1,711, While the truth is that most of the experts consulted by the firm had expected, 29%, the price correction after the merger, which has not happened. But, 22% believed it would have no positive effect on the price.
Of course, in their weekly survey, in which they test investor sentiment among five market experts for the next two weeks, they place, as we see in the image 1 Down, 2 Neutral, and 2 more Bullish for Ethereum’s short run run
If we talk about more predictions we find that Wallet investors who keep their price below the $1,500 level for the end of the year, However with future progress over the next two years, with a wide gap both up and down for the journey on the Ethereum horizon.
From digitalcoinprice they put target price levels on the table: around $1,324 on average, the maximum value for this year is $1,594 and the minimum is $1,112. Of course, in the future they are much more optimistic, as they believe that in 2023 it could reach an average of 2,924 euros and in 2024 to reach its all-time high of November last year, although still clearly that below the level, at $4,052.
In the case of priceprediction.net, on average for this year it could be a little over $1,500s, to grow, to 2,207 in 2023. Already in 2024, Web estimates place its average price at around $3,270 per Ethereum asset.
One of its co-producers has talked about its future, beyond its price, on the next stop after La Fusion. Vitalik Buterin has spoken enhancements that will further increase the scalability of Ethereum, Specifically for storing and accessing data, in a way that reduces network congestion and increases transactions per second.
Although according to its co-founder it will not be an event like La Fucian, it will be completed gradually in phases over the next financial year as planned, in that fragmentation or fragmentation of the block chain, Which in turn splits the network into new smaller chains which allows the noted scalability to increase. These substrings will be called “shards”.
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