Analyst Shares ‘Realistic’ Ethereum Price Targets For The Next 3 Years

He also noted that this sits around Visa’s current valuation, with Ethereum set to match the payments giant. Related Reading: Ethereum Hitting A Bottom Or A Bearish Continuation? The Cycle Theory That Tells A Story Furthermore, he stated that the ‘bear’ target for the Ethereum price is 8,000, which is a 3.8x gain from its current level and a market cap of 965 billion. This puts Ethereum up there with retail giant Walmart, which currently boasts a market cap of 1 trillion. The ‘base’ case for Ethereum is a price target of 12,000, a 5.7x gain from its current level, and a market cap of 1.45 trillion. This matches tech giant Meta’s market cap of 1.6 trillion. Meanwhile, Crypto Patel stated that the ‘Bull’ case for the Ethereum price is a rally to 21,000, a gain of over 10x from its current level, which would give ETH a market cap of 2.54 trillion. This will put Ethereum in the same range as Microsoft, which has a market cap of 2.8 trillion. I am running a few minutes late; my previous meeting is running over. The Ultra Bull Case For ETH The analyst set an ‘ultra bull’ target of 30,000 to 60,000 for Ethereum. This represents a gain of 14x to 29x from current price levels and would give ETH a market cap of up to 7.3 trillion. This could put ETH above Nvidia, the world’s largest company by market cap at 4.5 trillion. Related Reading: Analyst Predicts That Ethereum Price Is Headed For 10,000 Minimum Crypto Patel explained that Ethereum is no longer just “crypto” but is competing with the world’s largest balance sheets, which is why he is confident the second-largest crypto by market cap could reach these targets. Tom Lee, the Chairman of Ethereum treasury company Bitmine, has also predicted that ETH could reach 60,000 and even rally higher to 250,000. Tom Lee predicted that the Ethereum price could reach these targets as the network proves to be the future of finance, driving the tokenization wave. He believes that Wall Street companies will adopt the Ethereum network as real-world assets (RWAs) tokenization gains more traction. At the time of writing, the Ethereum price is trading at around 2,200, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com