Will Ethereum Recover in 2022?
Will Ethereum Recover: Ethereum has risen significantly over the last few weeks on the back of positive sentiments as well as growth in TVL (DeFi projects)
Will Ethereum Recover?
- Macroeconomic factors favor a move higher and that may take it back above $1500
- However, investors are waiting to see if any more companies and tokens are impacted by FTX. Once that is clear (perhaps in the next 3-4 weeks), Eth could resume a move significantly higher.
- Ethereum will move lower if more companies are impacted by the FTX crisis.
- We expect Ethereum to begin recovery in 2023 as it would take some time for the FTX scam to unravel
Forecasts and Predictions need to be dealt with caution because sometimes things change between when something is published and when someone reads it.
Read our other: Ethereum Price Prediction