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Ethereum Price Prediction 2024, 2025: Will ETH Price Cross The $5000 This Year?

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Ethereum Price Prediction

The post Ethereum Price Prediction 2024, 2025: Will ETH Price Cross The $5000 This Year? appeared first on Coinpedia Fintech News

Story Highlights

  • ETH price could end the trade for May 2024 with a potential high of $3,859.
  • By the end of 2030, the predicted Ethereum price could soar to a peak of $26,575.21.
  • The current price of 1 Ethereum is Ā $Ā 3,010.36756630.

With the broader market finally gaining bullish momentum, the biggest altcoin, Ethereumā€™s price prediction, is gradually showing an upside shift. As the underlying demand grows, the improving sentiments highlight a bullish comeback as the ETH price reclaims the psychological mark of $3,000.

Additionally, the recovery rally sprouting in the market, bolstered by Bitcoinā€™s jump above $66,000, further drives Ethereumā€™s bull run. So, whatā€™s the deal? Will Ethereum go up beyond $5,000? Embark on this analytical journey as we dive deep into these questions and Ethereum price predictions from 2024 to 2030.Ā 

Overview

CryptocurrencyEthereum
TokenETH
PriceĀ $Ā 3,010.36756630 green 3.67%
Market CapĀ $Ā 361,600,566,957.1021
Trading VolumeĀ $Ā 15,582,963,779.0044
Circulating SupplyĀ 120,118,410.4576
All-time High$4,891.70 Nov 16, 2021
All-time Low$0.4209 Oct 22, 2015
24 HighĀ $Ā 3,059.0000
24 LowĀ $Ā 2,950.7700

ETH Price Prediction For May 2024

As Bitcoin takes a bullish reversal, Ethereum takes a jump to reclaim the psychological mark of $3,000. Further, Ethereumā€™s price is aiming to outgrow the falling wedge, projecting a bullish breakout rally around the corner.

With a jump of 5.30% last night, the ETH price trades at $3,011 and teases a bullish comeback this month.

As the broader market recovers, the additional momentum could skyrocket the altcoin price above $3,000 to hit the 78.60% Fibonacci level at $3,859 this month. On the flip side, a downfall under $2,845 could plunge the crypto under $2,500.

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
May 2024$2,500$3,242$3,859

ETH Price Prediction 2024

As the volatile 2023 concludes, the Ethereum market price recovers remarkably, forming an ascending triangle pattern in the weekly chart. Bouncing from the psychological barrier of $1000 in November 2022, the uptrend continues to gain momentum in the Ethereum weekly chart.

Blazing past the overhead resistance, the ETH price pushes beyond the $4000 barrier. Moreover, the breakout rally signals a longer uptrend and avoids a death cross in the weekly chart. If the buyers cross the Ethereum market value above $5000, the bull run continuation can exponentially increase in 2024. With potential Spot ETF approvals and the Bitcoin Halving effect on altcoins, the price of ETH can reach $10,000.

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
2024$2160$5871$10000

Also Read: Ethereum Price Analysis: With ETH Price Struggling Above $1800, Whatā€™s Next? $1600 or $2000?

Factors Influencing Ethereumā€™s Price in 2024

Bullish factors

  • The Dencun upgrade will make Ethereum faster and cheaper to use, and more people will try building apps on it.
  • Bitcoin halving ā€“ When BTC rewards get cut, some money may flow to Ethereum instead. It could drive up interest.
  • Increasing adoption ā€“ More companies are experimenting with Ethereum each year. As usage grows, it will attract more builders.

Bearish factors

  • Regulatory concerns ā€“ Governments may impose strict rules that add risk and uncertainty.
  • Market volatility ā€“ Crypto prices like Ethereum fluctuate depending on market conditions.
  • Competition ā€“ Networks like Solana and Cardano are trying to improve on Ethereum. If they work better, some users may switch over time.

ETH Price Prediction 2025

In like fashion, Ethereum, the second-largest cryptocurrency, is expected to maintain its upward trajectory and form higher highs in 2025. Moreover, with increased adoption and the demand for ETH, the ETH coin price can create a new all-time high $14,925.

However, on the flip side, the ETH coin price can dip to $8,917, with an average ETH price of $10,421.

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
202589171042114925

Ethereum Price Prediction 2026 ā€“ 2030

ETH Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20265,566.778,713.1216,610.75
20276,800.1015,246.7428,705.44
202812,613.0124,482.4836,410.87
202926,192.0035,010.7741,994.32
203030,647.2323,563.0156,575.21

ETH Price Prediction For 2026

By 2026, the Ethereum coin price is expected to reach a high of $6,610. Conversely, the ETH price might drop to $5,566 with an average of $5,713.

ETH Price Prediction For 2027

Similarly, the Ethereum 2027 forecast expects the ETH coin price to make a new all-time high at $8,705. However, a correction based on market shortcomings may drive the ETH crypto to $6,800, with an average of $7,246.

ETH Price Prediction For 2028

In 2028, the chances of Ethereum dominating the crypto market rise up as the ETH coin price will potentially reach a new high at $16,140. Conversely, the altcoin might fall to $12,613, making an average of $14,482.

ETH Price Prediction For 2029

Approaching its all-time high of $21,994.32 in 2029, the Ethereum price is expected to surpass the psychological barrier of $20,000. Conversely, in case of a correction, ETH may reach a low of $16,192.00, with an average price of $19,010.77.

ETH Price Prediction For 2030:

Lastly, the ETH crypto price is projected to reach a new all-time high of $26,575.21 in 2030. Conversely, with a potential low of $20,647.23 and an average price of $23,563.01.

CoinPediaā€™s Ethereum Price Prediction

Factors like the successful change to PoS and the upcoming Danksharding upgrade will incline stars in favor of the protocol. If the Ethereum network manages to scale remarkably with the upcoming upgrades and ace the adoption race, then the ETH crypto price will skyrocket.Ā 

Potentially, the Ethereum (ETH) coin price will reach a new swing high of $3582 before the end of 2024. Conversely, increasing FUD amongst investors and a lack of updates could curb the value of 1 ETH at $2160.Ā 

ETH Price PredictionPotential Low ($)Average Price ($)Potential High ($)
2024$2160$5871$10000

Market Analysis

Firm Name20242025
DigitalCoinPrice$4760$6763
Gov.Capital$6622$8893

*The aforementioned targets are the average targets set by the respective firms.

Upcoming Tokens in Dencun Upgrade

  • EIP-4788: EIP-4788 enhances the EVMā€™s capabilities, securely bridging Ethereumā€™s Execution layer with beacon chain data for advanced LSD operations.
  • EIP-7514: Increasing Epoch loss limits via EIP-7514 aims to balance scalability with network accessibility amid surging validator numbers.
  • EIP-7044: Simplifying staking with EIP-7044, this upgrade introduces permanent signatures for voluntary exits, improving stakeholder security.
  • EIP-7045: EIP-7045 proposes extended attestation slots, bolstering LMD-GHOSTā€™s security and paving the way for faster Ethereum block confirmations.
  • EVM Upgrade: EVMā€™s evolution continues with opcodes like EIP-1153 and EIP-5656, aiming to streamline smart contracts while cutting gas costs.
  • EIP-7516: Introducing EIP-7516ā€™s BLOBBASEFEE opcode, this facilitates real-time rollup cost delivery and derivatives creation based on L1 fees.

Historical Ethereum Price Sentiments 2016 ā€“ 2024

Trading View

FAQs

What is Ethereum 2.0?

Ethereum 2.0 is an updated version of the existing Ethereum blockchain, which aims to increase the efficiency, scalability, and speed of the Ethereum network.

What is the advantage of Shanghai Hard Fork?

This upgrade allows Beacon Chain staked ether (stETH) withdrawals.

What is gas and what it does do?

Gas is the small type of work processed on the Ethereum network.Ā  Gas measures the amount of work to be done by miners in order to include transactions in the Block.

What will the maximum price of ETH be by the end of 2024?

The price of ETH might surge to a maximum of $3825 by the end of 2024.

When is the upcoming Ethereum Shanghai Hard Fork scheduled?

Ethereum Shanghai Upgrade scheduled for the first half of 2023.

How high will the ETH price rise by the end of 2030?

According to our Ethereum price prediction. The largest altcoinā€™s price could propel to a maximum of $4616.77 by the end of 2025. ETH is expected to cross the $26,000 mark by 2030.

Will Ethereum hold onto its tag of the largest altcoin in the emergence of newer protocols?

With its dominance in DeFis, NFTs, and widespread prominence, Ethereum will continue to hold the crown of the largest altcoin. With the merger with ETH 2.0, Ethereumā€™s hold would further grow stronger.

Will Ethereum find more NFTs, DeFis, and other projects employing its network with ETH 2.0?

Yes, the Ethereum network will eventually welcome more projects to be built on its chain, following its merger. It will also receive many improvements that will fundamentally strengthen the chain.Ā 

How much is 1 Ethereum worth?

During the time of publishing, the price of 1 ETH was $1,528.21.

What if you had invested $100 in Ethereum (ETH) in 2020?

Considering you invested in Ethereum in January 2020, the value of your ETH crypto investment has increased by 1300%. In short, the $100 would be worth $1400 now.Ā 

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