VanEck Raises Its 2030 Ethereum Price Target to $22,000
Investment management company VanEck is raising its 2030 Ethereum Ethe (ETH) price target to $22,000, following recent developments around the asset. “We’ve raised our 2030 ETH price target to $22K, influenced by ether ETF news, scaling progress, and our read of on-chain data,” the company wrote in a post to X. “Additionally, we’ve analyzed how ETH and BTC perform in both traditional and crypto-only portfolios for optimal returns.” JUST IN: $90 billion asset manager VanEck predicts Ethereum will reach $22,000 by 2030. — Watcher.Guru (@WatcherGuru) June 5, 2024 VanEck is one of multiple asset management firms with a Spot Bitcoin ETF and a pending Ethereum ETF application. With the recent approval of Spot ETH ETFs by the SEC, full approval by the regulator is due soon, and thus, the hype around the asset is rising. Due to these updates, many price predictions are now bullish around Ethereum, and VanEck is updating there’s as we...