Ethereum prospects look good as it trades at 78% off its all-time highs. Ethereum is a popular cryptocurrency that was created in 2015. It’s the second-largest by market capitalization, and it had an impressive bull run last year, hitting $4800 in November 2021. While prices have dropped since then, many investors are optimistic that Ethereum could see another significant rise like the one from 2021, or even bigger.
In this article, we give you an Ethereum price prediction based on ETH’s history of success and its potential for future growth. We’ll also guide you on investing in Ethereum without increasing trading fees.
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Ethereum Price Prediction 2022, 2023, 2024, 2025
Like the rest of the market, Ethereum has had a pretty bearish year. Ethereum started the year bearish and has been on a consistent downtrend up to this point. When writing this article, Ethereum was trading at $955.62.
Despite the downtrend, there is a lot to look forward to for Ethereum in 2022 and many years to come. Below is our forecast for Ethereum for the remainder of 2022 and the years ahead.
Ethereum Price Prediction 2022: Ethereum continues to trend lower and has now broken vital support at $1000. After a six-month selloff, Ethereum and the broader cryptocurrency market could be close to the bottom. If there is a rebound as investors buy the dip, the chances are that Ethereum could end the year at $1500.
Ethereum Price Prediction 2023: Unless there is an improvement in the global economy and inflation subsides, Ethereum could face significant resistance at $1500. However, if ETH can push through this resistance, then the odds are that it could easily trade at $2500 or more in 2023.
Ethereum Price Prediction 2024: This is the year for the next Bitcoin halving. As has happened during previous Bitcoin halvings, the Bitcoin halving could trigger another market-wide bull run. This could see Ethereum easily push through its all-time highs of $4800 and probably trade at $6000 or more by 2024.
Ethereum price prediction 2025: By 2025, Ethereum is expected to be widely accepted as a mode of contracts and NFT platforms by multiple businesses globally. This could see Ethereum test $10,000 by the end of 2025.
Ethereum Price History
Is Ethereum a good cryptocurrency to buy today? Ethereum has seen incredible growth over the last few years, and it’s no surprise that investors are betting big on this cryptocurrency. After an extended period of stagnation in 2018 and 2019, Ethereum gained momentum after the Bitcoin halved in 2020. The interesting part is that, even after the halving, most of the altcoins market remained dormant. Ethereum was one of the few that caught up the momentum early. By the end of 2021, Ethereum was 200% up from its 2017 highs.
So, what is Ethereum all about, and how did it start? Ethereum was created in 2013 by Vitalik Buterin, who developed this network with smart contract functionality and digital money. However, Ethereum officially entered the market in 2015. The platform allows people to build decentralized applications (Dapps) that can be used for global payments or application hosting. Within the Ethereum blockchain, there have come multiple tokens that have been hugely successful, further reinforcing the importance of Ethereum in the cryptocurrency ecosystem.
In terms of price, Ethereum has been on a rollercoaster ride since it launched, pretty much like all other cryptocurrencies. When it launched in 2015, Ethereum spiked, then traded in a range for the remainder of the year. However, Ethereum entered a bull market in January 2016 and made a high of $15.20 in March 2016.
However, as happens in crypto, this rally was followed by a massive correction that saw Ethereum lose more than 50% of its value. By the end of 2016, Ethereum was trading at $8.
There was a consolidation in Q1 of 2020 before the market-wide cryptocurrency bull run started in April 2017. The April 2017 rally was quite strong, and by the end of the month, Ethereum was trading at $53. The trend continued, peaking out in January 2018 when Ethereum hit a high of $1500.
As with previous crypto bull runs, Ethereum entered a bear market towards the end of January 2018. The bear trend lasted for two years, and in 2020, when the lockdowns were announced, Ethereum dropped to a low of $97. However, this sharp correction in March 2020 was short-lived. Ethereum made a V-shaped recovery in April 2020, and by September 2020, was trading at $481.
Ethereum’s price momentum then entered a consolidation phase, all the way into November 2020. A new wave of buying momentum in November 2020 saw Ethereum enter a new aggressive bull rally that saw it make all-time highs of $4800 in November 2021.
Since making an all-time high of $4800 in November 2021, Ethereum, like all other cryptocurrencies, entered a bear run that has lasted for most of 2022. Ethereum has broken the $1000 mark, and the odds are that it could test even lower prices.
To recap Ethereum’s price history from launch to date.
- Ethereum development started in 2013, but ETH entered the market in 2015.
- After an initial price spike, Ethereum consolidated for the better part of 2015.
- Ethereum entered a bull market at the beginning of 2016, and by March, it was up by 1600%.
- Ethereum turned bullish in 2017 and made highs of $1500 in January 2018.
- Ethereum entered a multi-year bull market in 2018 and hit a low of $97 in March 2020.
- After the Bitcoin halving in April 2020, ETH entered a bull market.
- Ethereum’s 2020 bull market peaked in November 2021 at $4800.
- Ethereum entered a bear market in December 2021 and is still dropping.
Ethereum Price Prediction 2022
The price of Ethereum is very volatile and can change by dozens of percent in a short period of time. The key question is whether Ethereum will grow again. We collected relevant Ethereum price predictions to see whether it will hit another high.
According to WalletInvestor, an information and analysis platform, Ethereum price will range within $1580.330 (minimum price) and $2798.890 (maximum price).
According to an alternative forecast by Coin Price Forecast, Ethereum price will reach $1,344 by the year end.
Trading Beast made its forecast as well. According to the portal, Ethereum price will be within $1,071.556 – $1,575.818 by the end of 2022. It will be possible to earn money throughout the year from volatility.
Ethereum price Prediction for 2025, 2030
Priceprediction.net portal provides long-term price prediction for 3 and 7 years. Ethereum 2025, 2030 forecast is still optimistic.
Ethereum 2.0 – How Will It Impact Ethereum Price Forecast
Ethereum is one of the top cryptocurrency platforms for developing decentralized apps (DApps) and smart contracts. 2015 is considered the year Ethereum was launched. Ethereum considerably expanded the possibilities of the blockchain technology, having allowed independent developers create blockchain apps on the basis of the Ethereum programming language. Ethereum’s innovations gave a start to such trends as fundraising on the blockchain (ICO), decentralized finance (DeFi) and non-fungible tokens (NFT).
According to Ethereum developers, Ethereum 2.0 is bringing a lot of changes:
What Ethereum 2.0 Will Change?
Transition to PoS will help to considerably increase the speed of the Ethereum blockchain – from 17-20 transactions per second to 100,000 transactions per second. For example, Visa can process up to 65,000 transactions per second.
Energy efficiency of Ethereum will also improve, as the costly process of mining will be replaced with staking.
Transaction fees will drop significantly. At the moment, it can reach up to $50, which is unjustly high, while after the launch of the changes, the fee will be reduced to fractions of a cent.
The fact that Ethereum will seize to be an issued currency will have a great importance for the investors. After the changes are introduced, some part of the coins will be burned, which should have a positive impact on the price. Ethereum can potentially become a deflation coin, which means that its quantity in circulation can even drop.
TU analysts believe that the launch of Ethereum 2.0 will be a strong factor to support the price in the years that will follow, as it will help resolve the key issues of the Ethereum blockchain, which are the low transaction processing speed and high fees. Burning of a part of emission will be just as important, as it will create some shortage of the coin and can favorably impact the price.