I feel this year we can see ethereum back at $1200 because more and more people join DeFi projects and that's why I think it will be a bullrun . But as we know every investment has their own risks
but, in my analyze ethereum price will not surpass $1000 in this year my friend
i know a lot of great things coming to eth, and supported by the demands coming from defi type project but the target price from eth is still below 1K usd
My prediction is just $600 at the end of the year and right now the price is quiet far from my prediction but since the market is unpredictable, we can say that the anything can happen and the $1k price can still be rich. If theres a good effect of DeFi projects to ETH, then expect the price of ETH will become expensive once the market continues the trend.
ETH has crossed 400$ mark again and it has been one of the good investments for me. I do see it for the long term perspective that this coin has great potential to grow and cross 2x and 3x in coming years and give us good returns on our investment. Yes crossing 500$ and above this year will be the first thing I am looking for now. If bitcoin keep rising, then we are quite their ETH reaching even 600$.