Experts Give Ether (Up 9% Today) Price Predictions For February 2022

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Last Updated on 1 February 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Ether founder Vitalik Buterin angered the Shibarmy last week when he announced that he would donate $100 million SHIB that was sent back to him by Cryptorelief to another Covid relief fund.

Last year in May, Vitalik Buterin had donated 50 trillion SHIB tokens to India’s Covid Relief Fund. The founders of the memecrypto had donated a massive amount of Shib to Vitalik to gain creditability for their coin.

Vitalik decided to donate most of it away, not needing any more riches as his Ethereum blockchain has already turned him into a billionaire.

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February Ethereum price prediction

As January 2022 changes into February, we look at what experts predict Ether to do this month. Dailyforex, Nextadvisor and FXStreet have all left price predictions for Ether.

Dailyforex claims that the $2,500 level is the one to watch, concluding:

If Ethereum remains within its current price range and is not able to adequately penetrate higher resistance levels above $3000 and sustain buying momentum, bearish traders may believe that there will be more opportunities to ignite selling positions while aiming for support levels when reversals are predicted.

Nextadvisor spoke to several forecasters and concludes that it’s 90% market share of the NFT market could bode well for Ethereum. They said:

Despite the challenge of predicting the price of a volatile cryptocurrency, the experts we spoke with generally agree ETH could once again break $4,000 in 2022. And a recent Ethereum prediction by Bloomberg intelligence analyst Mike McGlone has it ending the year between $4,000-$4,500.

The technical analysts over at FX Street meanwhile looked at it from a candlesticks perspective, and said that the prediction is

Almost identical to Bitcoin, except that ETH is above Senkou Span B on its weekly Ichimoku chart. Ethereum must close its weekly candlestick above $2,350, or it will enter into the weakest position since 2019. However, bulls are positioned to invalidate any bearish continuation. Two trade setups for both sides of the market are now present.

Lots of advice to consider there. Make sure you always do your own research before investing and only invest money you can spare.