Ethereum, the second-largest cryptocurrency by market capitalization after bitcoin, has been surging in price in recent months. Since the beginning of this year, the unit price of Ethereum has been below $1,000, but now it has risen above $4,300.

According to Forbes, a group of 35 experts, including Coinmama CEO Sagi Bakshi and ConsenSys chief economist Lex Sokolin, participated in a survey by the personal financial comparison website Finder and pointed out that Ethereum will soar to nearly $20,000 in 2025, more than $20,000. The current price is up 400%, and a "major upgrade" to the Ethereum network could push its price even higher.

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According to the average data of the panel of experts, by 2025, the Ethereum price may surge to $19,842. A majority of the 35 panelists predicted ethereum would become the most widely traded cryptocurrency, overtaking bitcoin for the top spot by the end of 2022.

At the same time, it also stated that the rapid popularity of decentralized finance (DeFi) and non-fungible tokens NFT has provided Ethereum with a greater use case than Bitcoin.

Sarah Bergstrand, chief operating officer of panelist BitBull Capital, said: "We may see a major upgrade of the Ethereum network this year, and it is expected to push the price higher." He believes that Ethereum will soar to a staggering $100,000 by 2025.

In the field of encryption, the rapid popularity of DeFi, the use of encryption technology to reconstruct traditional financial instruments such as loans and interest, and the replacement of the role of banks based on blockchain protocols, has made Ethereum a surge in traffic in the past year.

Developers created many large-scale DeFi projects on the Ethereum blockchain, and as users flooded the network, ETH's GAS soared. At the same time, for the upsurge of those non-fungible tokens (NFT), the superimposed effect has expanded the huge traffic of the Ethereum network.

Panelist Iwa Salami, senior lecturer at the University of East London, said: “DeFi is so far building a more accessible and democratized alternative financial system, primarily through decentralized applications on the Ethereum network.”

He also said, "The development of these projects shows that the future of the financial industry is very promising, and proper regulation will enhance the credibility of this growing industry."

On the question of whether to buy, sell or hold Ethereum now, the majority of panelists (59%) said now is the time to buy Ethereum, while 28% think it should be held and only 13% think it is time sold.

Overall, the group’s forecast for ethereum’s average late-2021 price has increased by 233% since its December report. Contrary to their predictions for BTC, only an 83% increase from December. So, do you agree with these 35 experts, and do you agree that ETH will surpass BTC in the long run?