It was a rough year for crypto investors, with the price of Ethereum dropping 76% from Jan. 1, 2018, to Nov. 15, 2018. But just like with any bear market, we could see crypto prices rebound in the next year.
That's why we had to make sure you saw the latest Ethereum price predictions for 2019.
The lowest price target on Finder.com for Ethereum in 2019 is $240. From today's price (Nov. 15, 2018) price of $176.54, that's a potential gain of 35.94%.
However, there's one Ethereum price prediction for 2019 that is so bold, you won't believe it until you see it.
We're going to get to that in just a minute.
But first, we're going to answer some of the most common questions we've received about ETH heading into 2019…
Why Did Ethereum Prices Drop in 2018?
As we mentioned earlier, the crypto market is bearish right now.
Ethereum prices have dropped right along with Bitcoin, Bitcoin Cash, Litecoin, and XRP.
One of the reasons for the bearish sentiment is Bitcoin ETFs were rejected by the SEC. Crypto investors were hoping an ETF would lure even more money into the market according to Money Morning Cryptocurrency Expert David Zeiler.
"A Bitcoin ETF would help bridge the gap by allowing these large investors to gain exposure to Bitcoin without the hassle of owning it outright. At the same time, it will open the door to a class of investors whose presence will help fortify and stabilize the Bitcoin markets," Zeiler said on Sept. 17, 2018.
But the SEC isn't ready for a Bitcoin ETF, and crypto investors have lost their bullish spirit.
Also, there have been a lot of high-profile hacks at cryptocurrency exchanges that have undoubtedly made investors nervous about investing in crypto coins and tokens.
As of July 4, 2018, $731 million worth of cryptocurrencies were stolen from crypto exchanges in the first half of 2018, according to CCN.com.
The Japanese cryptocurrency exchange Zaif was hacked on Sept. 19, 2018, and $59 million worth of crypto was stolen.
Finally, the run-up of crypto prices in 2018 was so astounding that the market needed a cooldown.
Bitcoin prices traded for $963.66 on Jan. 1, 2017, and climbed 1,364% to $14,112.20 by Jan. 1, 2018. Ethereum prices performed even better, climbing 9,370% during that same time.
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Early crypto enthusiasts cashed out their profits and became millionaires.
But now that prices have come back to earth, we're getting a lot of questions about whether Ethereum is still a good investment in 2019.
Should I Buy Ethereum in 2019?
There are two reasons to buy Ethereum right now.
The first is if you believe cryptocurrencies and tokens are the future, you can buy some and spread the adoption of crypto.
By owning and using the currency, you can help make its widespread adoption a reality.
This is a list of sites that accept Ethereum as payment to get you started.
The second is to invest in the currency in the hopes of making a profit.
Right now, all investments in cryptocurrencies should be considered speculative.
You should never invest what you can't afford to lose.
If you just want to be an investor and speculate on the price of Ethereum in 2019, you can open an account on Coinbase.
We also have a list about seven other cryptocurrency exchanges as a service to Money Morning readers right here.
And if you want to know if now's the right time to buy, let's jump right in and look where analysts see Ethereum prices heading in the next year…
Here's Where Ethereum Prices Are Headed in 2019
As we mentioned earlier, all eight crypto experts see the price of Ethereum going up in 2019.
Craig Cobb of TraderCobb.com believes the price of Ethereum will reach $240 by Dec. 31, 2019.
That was the lowest projection of the group.
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No one would complain about netting a 100% or more return in 2019 from Ethereum.
But this next Ethereum price prediction for 2019 is so massive, you have to see it to believe it…