The investment management firm VanEck recently announced an ambitious Ethereum (ETH) price target of $22,000 by 2030. This comes after the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum Exchange-Traded Funds (ETFs). According to VanEck’s analysis, several factors could drive this potential surge in Ethereum’s price, including positive investor sentiment about the newly approved ETFs, steady improvements in scaling, and insightful on-chain data.
VanEck analysts Matthew Sigel, Patrick Bush, and Denis Zinoviev mentioned that this Ethereum price prediction represents a 487% increase from Ethereum’s current price, indicating a potential compound annual growth rate of 37.8%.