Ether (ETH) traded at an all-time high in 2021, ending the year with a gain of 400%. That was down on the peak 558% gain reached in November, however, sentiment on the market has turned negative.

Cryptocurrency markets as a whole have weakened since the November highs, hit by a combination of profit-taking at the top, leverage unwinding, and macroeconomic concerns as the US Federal Reserve begins tapering asset purchases and makes plans to raise interest rates.

Will ethereum go up or down in 2022? In this market update, we look at the latest analyst forecasts for the price direction of the second-largest cryptocurrency.

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