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The "crypto winter", which began in November 2021, brought down the crypto market and affected all cryptocurrencies, including #Ethereum. Initially, the market decline did not look fatal, since in November 2021, many cryptocurrencies reached their maximum. It is logical that the market needed to adjust. Cryptocurrencies had chances to recover in February-March 2022, when a long fall was replaced by a correction. However, macroeconomic factors had a strong negative impact, which led to a prolonged "crypto winter". Despite the fact that the general trend of the #market will determine the movement of cryptocurrencies, Ethereum expects the activation of the update "The Merge". Investors and traders are waiting for this event, as it should have a positive impact on the price of #ETH in the medium and long term. Ethereum price in the second half of 2022: expert opinions Downtrend Finder According to the Finder survey, which includes the opinions of 53 market experts, the average expected price of Ethereum at the end of the year is $1,711. Despite the fact that this price is higher than the current one (at the time of writing, on July 22, 2022, ETH costs $1,646), it is difficult to call this difference an upward trend. Therefore, we will still assume that this movement is within the framework of a general downward trend. Experts also came to the conclusion that ETH could still collapse to $675 due to the crypto-winter phase. The maximum value of the #cryptocurrency until the end of the year is projected at $ 2673. Digital Capital Management Digital Capital Management Managing Director Ben Ritchie sees ETH at $1800 at the end of the year. Which is also not much higher than the current price, so we consider this forecast bearish. The main factor in the limited growth of cryptocurrencies will be dependence on macroeconomic factors. At the same time, a successful update of "The Merge" will break the close connection between bitcoin and Ethereum. Router Protocol Ramani Ramachandran, CEO and co-founder of Router Protocol, also believes that Ethereum will be worth $1800 at the end of 2022. He is confident that the success of the merger will determine the value of ETH in the long term, and not until the end of 2022. Thomson Reuters Joseph Raczynski, a technologist and futurist at Thomson Reuters, has a more optimistic forecast for the value of ETH by the end of 2022. The second cryptocurrency should end the year at $2000. This forecast does not take into account the impact of the update. Raczynski is confident that the exclusivity of the platform will enable ETH to maintain a good value. CoinJar Asher Tan, CEO of CoinJar, agrees with Raczynski and also sees ETH in the region of $2,000 at the end of 2022. At the same time, it takes into account the impact of the merger on the growth of Ethereum in the second half of the year. Boston Trading.co and ByteTree Jeremy Britton, CFO of Boston Trading.co , and Charles Morris, investment director at ByteTree, consider competition to be the main reason for the limited growth of ETH and the fall from the second place of the largest cryptocurrencies. Britton believes that the maximum value of ETH at the end of the year is $1600, while Morris predicts an even lower level — $ 1500. CloudTech The most pessimistic forecast is the opinion of Kevin He, chief operating officer of CloudTech group — Ethereum will cost $750. At the same time, He is confident that the price can break through the previous maximum if the merger ends this year, and the overall bearish trend weakens. A three-digit price value will be reached if the merger is postponed. This will have a negative effect on investor confidence. Uptrend University of Sussex Carol Alexander, professor of finance at the University of Sussex, predicts a significant increase in ETH by the end of the year to $ 3,000. He sees the basis for growth in the complete transition to the PoS consensus mechanism. Will Ethereum be able to displace #Bitcoin? It may seem that the forecast for Ethereum is very pessimistic, since only 1 expert out of 8 believes that the second cryptocurrency can grow in the second half of 2022. However, the remaining forecasts are not so much pessimistic as neutral. That is, we can say that Ethereum will not collapse until the end of 2022, which is a good indicator for cryptocurrencies in a highly volatile market. For the price of Ethereum, an important growth factor is the merger, within which the transition of the cryptocurrency to the Proof-of-Stake consensus mechanism will end. Most of the participants in the Finder survey believe that the merger will be a positive factor for the growth of the value of ETH. At the same time, forecasts of the speed of the effect vary. 53% believe that the cost will increase due to the merger within 3 months. 13% are sure that the effect will come in six months, and 11% predict that the price will react to the update only in a year. At the same time, long-term forecasts for Ethereum are optimistic. For example, Ben Ritchie, managing director of Digital Capital Management, sees the growth of Ethereum to $15,000 in 2030. This will be facilitated by the upcoming update of the ETH tokenomics, including deflationary emissions and scalability. Kevin He, chief operating officer of CloudTech Group, believes that Ethereum could reach $5,000 by the end of 2025. The average Finder forecast based on the opinions of 53 market professionals suggests that Ethereum could reach $5,739 in 2025 and $14,412 by 2031.

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