Goldman Sachs Shared Its Ethereum Forecast

Goldman Sachs shared its Ethereum forecast. The bank predicted that Ethereum would be worth $8,000 by the end of the year.

Analysts of Goldman Sachs, one of the largest investment banks in the USA, stated that they expect an 80% rise in Ethereum in the next two months. Analysts estimated $8,000 by the end of the year for Ethereum, which is about 5 times higher in market value than its closest competitor, BNB. In an investor note published by Goldman Sachs Global Markets Manager Bernhard Rzymelka, it was noted that cryptocurrencies have been performing in parallel with the inflation trend for about 2 years, and this is either a situation of reaching the peak with fatigue or the beginning of a new rally. Analysts said that this is the beginning of a new rally and that if this correlation with inflation continues, Ethereum can reach $ 8,000 in the next 2 months. Ethereum, which reached the highest level in its history with $ 4 thousand 467 on October 29 and completed the Altair update without any problems, closed the month of October with $ 4 thousand 287. This figure was recorded as the largest monthly closing of the second largest cryptocurrency so far. As it is known, the Altair Beacon chain update was of great importance for Ethereum's transition to proof-of-stake.