Ethereum has struggled to regain momentum over the past few months, leaving many investors frustrated. However, several market experts believe ETH’s long-term story is far from over. With Wall Street increasingly embracing tokenization, stablecoins, and on-chain finance, some analysts are predicting huge upside for the world’s second-largest cryptocurrency.

Here are the top 3 ETH price predictions by the bulls. 

1. Dan Tapiero: Ethereum Could Deliver a 5x to 10x Return

Veteran macro investor Dan Tapiero, founder of 10T Holdings and One Roundtable Partners, remains highly bullish on Ethereum despite years of sideways price action.

Tapiero says the broader crypto market could eventually grow to around $50 trillion, with Bitcoin potentially reaching a $20 trillion market cap. In that scenario, he expects Ethereum to substantially benefit from the expansion of digital assets and tokenization.

“It’s reasonable for me to think that ETH could do 5x to 10x,” he said. 

According to Tapiero, real-world asset tokenization is still in its early stages, creating enormous long-term opportunities for Ethereum. While he acknowledges that the journey will likely remain volatile and painful, he argues that investors should focus on the bigger picture rather than short-term price swings.

He also reminded investors that ETH has already risen dramatically from under $100 in 2020, proving that patience has historically been rewarded.

2. Tom Dunleavy: ETH Could Reach $20,000 to $50,000

Crypto venture investor and former Messari analyst Tom Dunleavy said Ethereum’s role as the leading blockchain for tokenized assets could eventually push prices much higher.

Dunleavy argues that if trillions of dollars worth of assets move onto Ethereum, the network’s native asset will need to appreciate to properly secure that value.

“In a sort of $750 billion to a trillion dollars of net assets on Ethereum itself, you get to a price target per ETH of $20,000 to $50,000.” Dunleavy said

He says forecasts from firms such as VanEck and Standard Chartered may appear aggressive today, but they become much more realistic if Ethereum continues dominating tokenization and on-chain finance.

3. Tom Lee: Ethereum Could Climb to $22,000

Fundstrat co-founder Tom Lee has remained one of Ethereum’s biggest bulls despite the asset’s prolonged consolidation.

Lee thinks several catalysts could drive ETH substantially higher, including lower oil prices, easing inflation, a crypto-friendly White House, the potential passage of the Clarity Act, and growing institutional adoption.

Most importantly, Lee sees Ethereum as the backbone of future financial infrastructure.

“Ethereum is the future of on-chain finance.” Lee said. 

Using Bitcoin fair value estimates of roughly $250,000 and Ethereum’s historical valuation ratios against Bitcoin, Lee projects: “If I apply the long-term average ratio to where we think Bitcoin fair value should be, it would get you to $22,000 Ethereum.”

For Lee, Ethereum’s current price near $2,300 still looks relatively undervalued relative to its long-term potential.