Summary
- Etherealize said Ethereum’s long-term price target is $250,000.
- The report said the outlook still assumes substantial upside potential, given that Ethereum is currently trading at about $2,300.
- Vivek Raman said Ethereum will serve as the foundation of the global financial system and become a competing asset alongside Bitcoin as a store of value.
Forecast Trend Report by Period
Ethereum may rise to $250,000 over the long term, according to a new forecast.
The Block reported on April 21 that Etherealize, an institutional marketing organization for Ethereum, said in a report that the token is likely to become core infrastructure for the global financial system. It set a long-term price target of $250,000.
The target is down from the $740,000 level presented last year. Even so, it still implies substantial upside from Ethereum’s current trading level of about $2,300.
Vivek Raman, co-founder of Etherealize, said Ethereum will form the foundation of the global financial system. He added that one or two digital assets will emerge as stores of value.
If Bitcoin is already the leading candidate, Ethereum is another competing asset, he said. The report did not specify when the price target might be reached.
Founded last year, Etherealize promotes Ethereum’s use cases and value as an institutional investment asset.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
