Skip to content

Crypto community with 80% historical accuracy sets Ethereum price for May 31, 2022

Ethereum (ETH) may have been trading bearishly for the past week, along with the general cryptocurrency market, but the crypto community still remains optimistic about its price movements by the end of May.

Indeed, despite Ethereum’s recent drop in price, the community at CoinMarketCap is projecting that the digital currency will trade at an average of $3,634 by the end of May 2022, with 21,532 votes and an 80% historical accuracy rate.

The price estimated by the community votes indicates a $770.80 (+26.92%) increase from the decentralized finance (DeFi) asset’s current value of $2,863.

ETH May price prediction. Source: CoinMarketCap

At the same time, the votes from 13,640 community members for the end of June have set a somewhat lower goal than May’s, estimating that ETH would trade at $3,260.93 on June 30, which is up by $396.07 or 13.89% from the current price.

Based on the performance of previous projections, the crypto community has historically predicted the month-end price of Ethereum with an accuracy rate of 79.85%.

ETH historical accuracy. Source: CoinMarketCap

ETH price analysis

Currently, Ethereum is trading at $2,863, down 3.93% on the day and as much as 9.02% across the previous seven days, according to CoinMarketCap data.

Ethereum 7-day price chart. Source: CoinMarketCap

As things stand, Ethereum has a total market worth of $347.23 billion, retaining its position as the second-largest digital asset by market capitalization.

Ethereum at the center of finance digitization

Meanwhile, it isn’t just the crypto community that is bullish on Ethereum’s future price.

In fact, according to Bloomberg’s senior commodities analyst Mike McGlone, Ethereum’s role at the center of the digitalization of finance and money may serve as a foundation for additional price rises in the near future.

Furthermore, last month the commodities expert suggested that the price of Ethereum will continue to go up as it matures into “the collateral of the internet,” its supply decreases, and demand increases, Finbold reported.

Whether or not the community’s and experts’ optimistic expectations will materialize, remains to be seen.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.