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news-imageOctober 19, 2024

VanEck cuts Ethereum price forecast to $7,334: What led to this sharp revision?

VanEck, a leading asset management firm, has drastically cut its long-term price forecast for Ethereum (ETH) to $7,333 by 2030, a significant drop from the previous estimate of $22,000. This revision signals a 67% decline and has prompted investors and analysts to reevaluate Ethereum's future amid intensifying competition and evolving market conditions.
Publisher: Invezz
Sentiment: Negative
ETH

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Neutral
cover-imageThe Currency Analytics
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Ethereum (ETH) has recently encountered a significant hurdle, stalling near the $2,700 mark after a modest recovery earlier this month. As options traders express skepticism about ETH reaching the $3,000 target before the upcoming U.S. elections, many are left wondering what the future holds for this leading cryptocurrency.

Positive
cover-imageBenzinga
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Positive
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Positive
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ethOS Debuts dGEN1: A Light Client-Optimized Hardware Device for Ethereum Dapps

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Negative
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VanEck's $ETH 2030 Price Target Could Drop by Two-Thirds if Ethereum's Economic Model Does Not Change

On 4 October 2024, Matthew Sigel, Head of Digital Assets Research at global investment firm VanEck, along with investment analysts Patrick Bush and Nathan Frankovitz, published a blog post titled “VanEck Crypto Monthly Recap for September 2024,” where Sigel discussed Ethereum's recent underperformance compared to Bitcoin (BTC) and Solana (SOL).

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