VanEck analysts have significantly raised their price prediction for Ethereum (ETH) to $22,000 by 2030.
VanEck analysts have significantly raised their price prediction for Ethereum (ETH) to $22,000 by 2030. In a post on X, VanEck shared, "We've raised our 2030 ETH price target to $22,000, influenced by ether ETF news, scaling progress, and our read of onchain data." This statement was accompanied by a link to the detailed report authored by Matthew Sigel, Patrick Bush, and Denis Zinoviev.
VanEck is among several Wall Street investment managers aiming to list spot Ether ETFs, following their successful launch of spot Bitcoin ETFs earlier this year. The Securities and Exchange Commission (SEC) approved spot Ether ETFs last month, enabling investors to benefit from Ethereum's price appreciation without directly purchasing the cryptocurrency. This setup also allows ETF sponsors to earn fees as more assets flow into their funds.
The VanEck analysts expressed optimism about the approval and trading of spot Ether ETFs on U.S. stock exchanges. "This development would allow financial advisors and institutional investors to hold this unique asset with the security of qualified custodians, and benefit from the pricing and liquidity advantages characteristic of ETFs," they noted.
VanEck's base case price target is $22,000, with more extreme bullish and bearish scenarios predicting prices of $154,000 and $360, respectively. The analysts concluded, "We believe ETH is a revolutionary asset with few parallels in the non-crypto financial world. ETH can be thought of as 'Digital Oil' because it is consumed by engaging in activity on Ethereum."
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