Ian MacLeod: the price of Ethereum will rise to $ 500 by the end of the year

According to influential technical expert, business analyst, and co-founder of art technology company Thomas Crown Art, Jan MacLeod, the world of art will help raise prices for Ethereum to $ 500 by the end of this year.

Currently, the second largest market capitalization of the cryptocurrency has not been able to overcome the resistance levels of $ 208 and $ 210 against the US dollar. But, despite the continuation of the downward trend, Ian MacLeod claims that Ethereum will return to a bullish trend by the end of this year.

The expert noted in his statement:

The price of Ethereum has been in a bearish area for several weeks and prices have fallen sharply. But it can be expected that from the end of this year there will be a trend reversal. Returning to the territory of the bulls, the price of Ethereum will increase significantly. It can be assumed that the ETH will reach a price of $ 500 by the end of 2018, and will also continue its upward movement throughout 2019.

Ian MacLeod also stated that the expected price increase will be fueled by a growing number of sectors, including real estate, antiques and finance, using the Ethereum cryptocurrency and its excellent blockchain technology.

The art world is likely to be one of the largest sectors of Ethereum use, since the blockchain can authenticate works of art.

And what do you think about such a bold statement by an expert?