In early 2022, Money Morning predicted that Ethereum could reach as much as $8,000 by the end of 2022. If the bullish momentum established in mid-2021 continues, Ethereum's price could take a plunge to as little as $6,500 or perhaps rise up to an impressive peak of $7,500 by year-end 2022. Unfortunately, in the later months of 2022, upheaval ensued within the cryptocurrency market and ETH plummeted. By January 2023, ETH was trading at a dismal $700 rate.