Ethereum’s Price Fell Below $1,500 After Completion of the Merge. Here’s What That Means for Investors – NextAdvisor

Credit Cards
Financial Goals
Follow Us
How the Ethereum Merge and Next Week’s Fed Meeting Will Shake Up Bitcoin and Other Crypto Prices
The Ethereum Merge Is Complete. Here’s What Investors Should Know About It
The Ethereum Merge Is Complete. What Investors Should Know About How It Will Influence the Price
How Another Fed Rate Increase Could Impact Bitcoin’s Price, Based on These 4 Charts
Bitcoin’s Price Is Rallying After Hitting a 3-Month Low This Week. Experts Say It Probably Won’t Last
Bitcoin and Ethereum Prices Are Down This Week. Why More Fed Rate Hikes Will Mean More Price Drops
Why This Crypto Winter Is Different, and What Investors Should Know About It
This Longtime Crypto Investor Lost $20K in the Celsius Collapse. Here’s His Advice on Managing Risk
Have Bitcoin and Ethereum Prices Bottomed Out? What Experts Say Review 2022: No Insurance Coverage Means Crypto Investors Should Pass on This Exchange
Senior Staff Writer
Alex Gailey is a journalist who specializes in personal finance, banking, credit cards, and fintech. Prior to…
Ethereum’s price dropped below $1,500 Thursday morning following the completion of the merge
Ethereum had been on the rise since a previous drop below $1,600 earlier week after August inflation data showed prices are still rising. Bitcoin saw a similar fall, along with the broader stock market.
“Investors are taking note of the ethereum merge due to take place, and is being seen as a promising tailwind by the majority despite the risks,” says Marcus Sotiriou, a market analyst at digital asset broker GlobalBlock.
Ethereum has been underperforming bitcoin so far in 2022, which experts say could be due to building anticipation for the network’s transition from proof-of-work to proof-of-stake and a broader market retreat from risky assets.
Experts say the crypto market is reflecting heightened volatility that comes with war, continued surging inflation, and shifting U.S. monetary policy. Experts also point to other factors like the crypto market tracking the stock market, more mainstream adoption, and slumping prices in recent months as contributing to what we’re seeing with crypto prices right now. Government officials have also continued to show an interest in more crypto regulation and even the possibility of creating a government-issued digital currency. Bitcoin’s price has had a similarly rough stretch lately.
All this has made for a shaky first half of the year for ethereum. Here’s how ethereum’s current price compares to its daily high point over the past few months:
After topping $4,100 on Dec. 27, ethereum has steadily trended downwards, albeit with rallies here and there, ranging between $900 and $3,800 throughout the year.  Many experts are still bullish, despite the recent slump, predicting ethereum’s price could potentially hit and exceed $12,000 this year.
Ethereum still had a relatively strong close to 2021. ethereum set a new all-time high when it went over $4,850 on Nov. 10, and it carried that strength into December before falling back by the end of the month. Even with the late slump, Ethereum closed the year way over where it was at the start: In January 2021, ethereum’s price was just a little over $1,000.
Like ethereum, bitcoin has stalled over the past month as well The token set a new all-time high when it went over $68,000 on Nov. 10. The future of cryptocurrency is sure to include plenty more volatility in the price of bitcoin and ethereum, and experts’ advice for investors remains the same.
As with any long-term investment, experts advise to ignore the ups and downs. The latest high price doesn’t mean ethereum’s volatility has gone away. 
“The real question is, owning these coins, are they going to continue to experience compound, exponential growth? Nothing in the fundamentals of cryptocurrency tells me that answer is yes,” says Jeremy Schnieder, the investing expert behind Personal Finance Club.
Because there’s no guarantee that any crypto’s value will increase, experts advise to never invest more than 5% of your portfolio in cryptocurrency. Never invest at the risk of not meeting other financial goals like paying off high-interest debt or saving for retirement.
If you’ve met all of those benchmarks, the best thing you can do is ignore the hype around new record highs or lows. Like with traditional, long-term investing, the best thing you can do is “set it and forget it,” Humphrey Yang, the personal finance expert behind Humphrey Talks, previously told NextAdvisor.
Former NextAdvisor reporter Ryan Haar contributed.
Thanks for signing up!
We’ll see you in your inbox soon.
Enter your email
4 min read
8 min read
Mortgage Lender Reviews
6 min read
Credit Cards
7 min read
At NextAdvisor we’re firm believers in transparency and editorial independence. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by our partners. We do not cover every offer on the market. Editorial content from NextAdvisor is separate from TIME editorial content and is created by a different team of writers and editors.
Subscribe to our newsletter
Thanks for signing up!
We’ll see you in your inbox soon.
I would like to subscribe to the NextAdvisor newsletter. See privacy policy
Follow us
© 2022 NextAdvisor, LLC A Red Ventures Company All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use, Privacy Policy (Your California Privacy Rights) and California Do Not Sell My Personal Information. NextAdvisor may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.