Ether Predicted to Reach $5,000 in the Coming Months

After reaching a record high of $4,867 on November 10, 2021, the Ethereum native token of Ether has gone down by over 20%.  Current pricing has Ethereum at around $3,827, according to Bitpush data.  This extreme price recession, however, does not mean that Ether will be unable to reach record highs within the upcoming months, as various sources indicate.  Ether’s price will reach a point of $5,000, as predicted by one of these sources.  

A Twitter-based independent market analyst, MacroCRG, has stated that Ether “has to bounce” as it attempts to keep the rising trendline, proceeding the most recent price recession.  

CEO and founder of deVere Group, Nigel Green, has also insisted that Ethereum is in a strong position at the moment to have a solid increase in market share.

“Ether is one of the main beneficiaries in the wider explosion in the cryptocurrency market,” Green reported. “The boom over recent months has been fueled by soaring interest from major institutional investors and growing recognition that borderless digital currencies are the future of money. This momentum is likely to build further in the near-term and I believe Ether will hit $5,000 within seven days.”

From 2021 up until today’s date, the cryptocurrency of Ethereum has gone up over 321%, in comparison to a 98% increase in growth rate for Bitcoin.  Among investors, however, Ethereum has not earned the same amount of attention as Bitcoin.

But Green still insists that Ethereum has a stronger blockchain and a more useful type of currency.

“Ethereum is already years ahead of Bitcoin in everything but price and fame,” said Green. “There’s a real sense that 2021 is the year for Ether. Its time has come."

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