Ethereum continues to trend to the upside and seems poised to break above $1,600, in the short term. This would place the second crypto by market cap on track to push north of $1,700 and reclaims its early 2022 levels.

ETH’s price records important gains on the 4-hour chart. Source: ETHUSDT Tradingview

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However, a recent survey published by Finder claims ETH’s price is far from hitting that price target. According to 54 industry experts interviewed for the survey, the second crypto by market cap will target $1,700 by the end of 2022.

This would suggest ETH’s price current price action is a “fakeout”, an uptrend to trap bullish investors into taking long positions before re-testing lower levels. The survey claims ETH’s price could bottom after experiencing another massive crash.

The cryptocurrency recorded a yearly low at around $950, but Finder’s experts expect ETH to reach another low at $674. As seen below, a large portion of Finder’s panel expects ETH to drop to around $500 to $800 with a minority predicting a re-test of the 2020 lows below $499.

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Some of the survey participants believe “The Merge” will be…

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