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Ethereum (ETH-USD) price predictions are worth checking in on today as investors react to an investigation into Coinbase (NASDAQ:COIN).
The probe into Coinbase comes from the U.S. Securities & Exchange Commission (SEC). According to the agency, the crypto exchange conducted multiple unregistered securities offerings. Coinbase argues against this as it doesn’t consider crypto to be securities.
All of this has crypto traders wondering what the investigation will mean for their holdings. Already they’re seeing the price of COIN stock fall hard on the news. To go along with that, several cryptos, ETH among them, are falling today.
With that knowledge in hand, let’s see what the SEC probe could mean for Ethereum price predictions below!
Ethereum Price Predictions
- DigitalCoinPrice starts us off with an average price estimate of $2,026.34 for the crypto in 2023.
- Gov Capital is next as it expects ETH to trade for $3,873.8788790676 per token one year from now.
- WalletInvestor closes out the Ethereum price predictions with a one-year forecast of $2,916.940.
Despite the recent SEC probe, the future still looks bright for ETH. Those price predictions for Ethereum are all bullish compared to its trading price of about $1,377.28 today. It’s also worth mentioning that ETH is down 9.6% over the prior 24-hour period as of Tuesday afternoon.
There’s more crypto news that traders are going to want to know about below!
InvestorPlace has traders covered with all of the latest crypto news for Tuesday! A few examples include cryptos trading at a discount, an update on Bitcoin (BTC-USD), as well as funding for Aptos Labs. You can learn all about these topics at the following links!
More Tuesday Crypto News
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/07/ethereum-price-predictions-how-far-down-will-the-coinbase-probe-take-eth/.
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