Price Prediction

Ethereum Price Prediction: Shaping Fundamentals for 2021 – 2030

While speculators forecast that Bitcoin will be a store of value, supply and demand indicators reveal that Ethereum will likely morph into a world computer with the help of Ethereum Virtual Machine.

Ethereum price predictions are essential for every investor looking to try his luck in the crypto industry. After the recent introduction of the network upgrade, Ethereum experienced a resurgence in demand and price action due to its value which could be expanded with NFT and DeFi spaces alongside its status as the ‘first-mover’ in the world of blockchain.

Burning Ethereum is the month’s event and frazzled many nerves who do not understand the burning process. The Ethereum network experienced a significant upgrade on August 5, 2021, which led to massive Ethereum burning.

It is called the London Hard Fork, and the latest upgrade was about five Ethereum Improvement Proposals (EIPs). These include EIP 1559, which aimed to boost the mining of the cryptocurrency and increase the network’s speed for users.

The EIP 1559 upgrade considered the criticism faced by Ethereum for the rising transaction costs and network congestion by introducing the latest Ethereum burning method that simplified the process. Since the EIP 1559 upgrade, more than 300,000 Ethereum coins worth over $1 billion have been burned or taken out of circulation.


Ethereum Overview

[mcrypto id=”102286″]

Ethereum Network & Signals
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Ethereum history (2015-2021)

By August 2014, Ethereum had raised $18.4 million via an initial coin offering. They completed their test net, Olympic, in May 2015 and went live two months later in July 2015 with Frontier.

But the first actual “stable” Ethereum was Homestead which was activated roughly a year later, in March 2016.

Because of developers’ forecasts and a prediction of a future shaped by the pure utility, a noteworthy development in Ethereum’s history is the DAO hack of June 2016.

15% of the network’s flexible total supply was siphoned on that day because of an Ethereum vulnerability exploit. This theft depressed ETH’s price but soon after, the price recovered, performing spectacularly over the years.

Ethereum price chart over the years
Source: Coinmarketcap

Because of difference in ideology-and whether the best course of action was to recover stolen coins through a change in consensus, or hard fork, formed Ethereum Classic.

Code-improvement-wise, there has been a significant milestone. The first was Homestead, but it wasn’t until 2017 when Byzantium was activated.

Later Constantinople and Saint Petersburg saw the hardening of Ethereum miner rewards, the introduction of code that reduces the cost of smart contracting, and other features.

At the same time, the Ethereum network transits to Ethereum 2.0, whose game end, Serenity, could cement Ethereum as a leader in smart contracting and dApp deployment.

Most of these features were implemented a year later, in 2018, with blockchain technology.

Underpinning Ethereum is a decentralized open-source node system built or derived on some bits of Bitcoin’s source code.

The critical distinction is introducing a Turing complete virtual machine and smart contracts that enable code execution once certain on-chain conditions are met between the two transacting parties.

Because of smart contracts, the development world hasn’t been the same. An Ethereum smart contract is nothing more than a piece of self-executing code that, once executed, is irreversible, open, and immutable.

Like Bitcoin, Ethereum runs on its blockchain and has its native currency, Ether (ETH), and Solidity’s programming language. While Ethereum tokens comply with different standards, ERC-20, ERC-1155, or ERC-721-Non-Fungible Tokens (NFT), all fees are paid in Ethereum (ETH).

Ethereum ushered in new financing models in initial coin offerings, ICOs, immutable dApps, and most recently, decentralized finance (DeFi).

DeFi democratizes finance, is open, and owners of Ethereum can borrow in exchange for a stable coin or earn interest when they lend out their stash.

Even though Ethereum is a success and Ether-a digital currency valuable, it faces a scalability challenge because of too much use. The Proof-of-Work (POW) consensus model, Vitalik Buterin claims, is energy-intensive.

Combined with other factors, this could make it hard to make Ethereum forecasts. There are several Ethereum proposals forwarded to resolve this.

EIP-1559 London hardfork has been deployed on the testnet, and now, there is a release of Ethereum 2.0, which will change the network forever.

The consensus is that the Ethereum network will shift from a Proof-of-Work to a Proof-of-Stake consensus model, which supporters say is energy-efficient, secure.

There are additional revenue streams from staking.

One Ethereum reached its maximum price in the months of April-May. Everything changed. It became the center of attraction for many DeFi projects, but the exorbitant transaction fee.

People had to pay an average price of $120 for completing their transactions, while Ethereum’s projected growth was estimated to blow off the charts. The rates got so high that projects started switching over to the TRON chain.

Ethereum market cap over the years by Coinmarketcap

But after the London hardfork was implemented successfully on the Ropsten testnet. The EIP-1559 was a much-awaited improvement in the network. The advancement towards ETH 2.0 caused higher fees in April-May but went down as the traffic from TRON shifted back to Ethereum.

Recently, Elon Musk revealed that he privately owns Ethereum, Bitcoin, and Bitcoin in a conference.

Also, it was revealed recently that the after-effects of the London upgrade have already kicked in as the network 36 percent of newly issues Ethereum in just about two days.

Top crypto traders’ and publications’ predictions on Ethereum price

The liquidity depth of Ethereum and what developers have in mind to resolve scalability make Ethereum a topic of discussion across social media platforms.

There are Ethereum speculators angling to clip volatility and profit, but amid them are actual Ethereum holders and believers.

Price predictions range from outrageously high to low causes disbelief. Nonetheless, the Ethereum crypto market varies across the board, leading analysts’ and traders’ Ethereum price predictions.

Tyler D. Coates, the co-author of Hyperwave Theory and the host of Sawcruhteez Streamz, a trader and analyst, firmly believes that the coin has bottomed at current rates and can reach highs of $360 by the end of the year.

CloseCross’s CEO and Founder, Vaibhav Kadikar, believes the cryptocurrency will soar to $1,000 in the future because of the platform’s utility. Kadikar’s price forecast is pinned on the crypto decoupling from Bitcoin.

As developers resolve scalability and transit to a Proof-of-Stake consensus algorithm, demand would push the price of Ethereum higher.

The startup behind SludgeFeed, Russo, believes that Ethereum price won’t retest its all-time highs until after 2021.

Anchoring his Ethereum price prediction believes that Ethereum will maintain its dominance in the smart contracting sub-sector.

In an interview with a crypto news outlet, Xun said that Eth 2.0 would require computer science breakthroughs like breaking the CAP theorem and further commented that it’s unlikely to be done by a bunch of JS web developers.

The coin price is influenced by market forces since it is an asset like no other.

There would be no value without adoption or use, even if millions were initially poured into making this possible.

If anything, the future of Ethereum looks solid, and the coin has, after initial years of challenges, remained bullish since succeeding years.

Institutions like Goldman Sachs claim that Ethereum will surpass Bitcoin soon because of the market cap — a massive possibility — while Bloomberg still favors Bitcoin and says it is impossible.

Ethereum Price Forecast

Ethereum price action appeared left out back in 2020 by the world’s most famous cryptocurrency.

As the price of Bitcoin raced to its 2017 record high and continued to soar even further to its newest ATH, Ethereum price only moved midway to its all-time high.

As we transitioned into 2021, the situation changed in favor of Ethereum, with its value rising on the 2nd of January.

The crack finally arrived on the 2nd of February when ETH broke past its previous ATH and soared to even greater heights, eventually in May, crossing $4k. Ethereum Price Prediction 2021 based on All-Time High in May.

Despite the trials, ETH’s edge over competitors, its advantage-now and perhaps in the future – is developer participation.

Ethereum competitors are determined, offering irresistible incentives and offers and capping that up with a compatible virtual machine to clip market share, depressing ETH cryptocurrency price.

Some projects, thanks to incentives offered by Tron, for instance, switched camps. The absence of long-lasting fixes could prove problematic shortly.

What to expect from Ethereum price prediction 2021?

The market has been gobbled up by bears, and everyone is panicking. In such a situation, it isn’t easy to know the outcome. According to investors who trade Ethereum, the coin can reach $19k this year.

Below, we can see the technical analysis for the Ethereum price chart.

Ethereum’s price technical analysis
source: tradingview

Ethereum price today is $4.2k, and it is trading above the 50-day and 100-day moving averages on the 4-hour chart.

The price attempted to break through the lower end of the Bollinger Band 2 days ago but failed, and we can see a bearish trend in what seems to be a bullish chart. The market is retracing the gains made in the past few weeks.

The future price actions of the cryptocurrency will prove crucial since there is a possibility of firm corrections.

The Ethereum price action has traded at record price levels in recent months, leaving investors to speculate the price reaching $10,000.

In the ETH/USD 5-min chart, the asset’s bullish outlook can be explained using the Moving Averages Convergence Divergence (MACD) indicator. When applied correctly, this pattern can be utilized to pinpoint the buy and sell positions on the chart.

At the current price, the crypto asset is bullish.

Vitalik Buterin is the poster boy, and his historical role and involvement in the project can’t be quantified. His proposals and criticism, despite his age, shape discussions. He’s technically gifted, and that’s the analysis for some, a weakness that Ethereum has.

Although platform development using smart contracts continues with or without his support, Vitalik’s guidance over time impacts price and market since he advises developers, makes proposals, and owns a big chunk of ETH.

Should Vitalik sell his portion, critics could interpret it as a vote of no confidence to the project, causing others to follow suit and sell their holdings. That’s how significant his position and role are to Ethereum and ETH coming prices – whether an increase or decrease in trend.

According to the Wallet Investor Ethereum price prediction 2021 and beyond, the Ethereum price in the short term of 1-year can reach $7522.

Wallet Investor short-term Ethereum (ETH) price prediction 2021

Digital Coin has predicted that by the end of 2021, the ETH price may be trading at $6,000.21.

2021 Ethereum forecast by DigitalCoin

It can be seen in the above forecast that Ethereum could reach $5,528.39 by December 2021.

Ethereum price prediction 2022

In determining what the price of Ethereum will be, it is also essential to study BTC. Technical analysis over time has shown that as long as BTC price is rising, Ethereum will follow suit.

The scalability of Ethreum also makes it a candidate for a significant surge in price. The Ethereum blockchain is the one developers adopt most of all networks, which is unlikely to stop soon.

Ethereum price predictions consider the bullish trend vs. the bearish trend where people are losing money rapidly. The people who seek independent advice will benefit a lot.

All the upgrades done and planned to the Ethereum network over the years will likely result in more increases in price in the future.

For example, the upgrade to ETH 2.0 continues to influence the price positively.

Digital coin reveals that Ethereum price will be $7,495.97 by the end of 2022, $8,771.49 by 2023, and 10,803.54 USD by the end of 2024.

Ethereum price prediction 2023-24 by DigitalCoin

Ethereum price prediction 2025

Security and centralization questions have been raised, but the Ethereum team is moving on with the idea, and by 2023, Serenity will be the result.

Serenity will be a Proof-of-Stake network with Sharding to address scalability. This development on Ethereum is imperative for simple reasons: space is heating, and competitors are determined.

As predicted by DigitalCoin, Ethereum will reach $10,761.00 by 2025, and when 2028 ends, ETH could hit $15,607.68.

Ethereum future price
Source: Digital coin

Analysis by Wallet Investor gives speculation at the minimum price for the long-term for Ethereum. Ethereum can reach $18850 as predicted by Wallet Investor.

Wallet Investor ethereum price prognosis long-term

Ethereum price prediction for 2030

In the long haul, the future of the Ethereum ecosystem will be shaped by how fluid it is and how easy it will be to deploy dApps.

Despite a smooth transition in the next three years, ETH prices in the near future for 2030 will mostly depend on whether Ethereum will remain in demand. The innovative network can ward off competition and establish itself as a leader in smart contracting after satisfactorily solving ETH scalability troubles.

In the years ahead, analysts also forecast that the price influencing factors will be few since mining and mining difficulty adjustment and miner disgruntlement will be a thing of the past.

Complete decentralization of the platform and endorsement of ETH as a utility by regulators will result in the bullish price of Ethereum. BTC and ETH are the only two digital assets with clearance from US regulators, boosting hodlers and true believers of the project.

Moreover, projected adoption from companies and even governments will cause supply and demand market forces to influence crypto exchange price, placing long-term Ethereum forecast on the green. Scalability remains a significant impediment, but Ethereum developers are resolute in forging a solution.

Long-term price targets are set at $10k while the crypto prices might surge higher for the foreseeable future. According to Trading Beasts, the Ethereum price will be at a max 5,873.159 USD by December 2024.

FAQs on Ethereum Price Prediction

Will the Ethereum current price go up?

Serenity is technical and introduces new features as Sharding and Plasma absent in competing platforms. All of them are proposed to resolve Ethereum scalability and stretch the number of decentralized applications that can be launched on the platform.

Scalability is critical since delays or any postponement would deflate and slow down the price and Ethereum bulls.

Bitcoin and altcoins are positively correlated. If the BTC price edge is higher, the price of Ethereum will likely soar as it is the second most valuable coin in market capitalization. This possibility increases the odds of ETH’s upsides over downsides.

DeFi is roughly three years old, but most are based in Ethereum. ETH is collateral. The more DeFi is used as an alternative channel for financing, ETH’s demand will rise.

This effect is a net positive trading volume for institutional investors in the immediate term and a boost now that the total locked maximum price of ETH denominated in USD is rising after dropping from over $1.5 billion per statistics from DeFi Pulse.

Is Ethereum better than Bitcoin?

Ethereum is a solid platform, and ETH is a good investment, and there are many reasons for this. Ethereum Forecast 2025 is shaped by the project’s foundation and if ETH is worth holding in any portfolio.

As finance DeFi sees widespread adoption worldwide, investing in Ethereum is one of the best decisions you can make. The average growth of Ethereum is at least double the current price in the coming year. Hence, it is profitable to buy Ethereum.

A year ago, Ethereum showed the world its capability. The recent selloff is due to BTC falling, and investors are losing money. It becomes essential to follow the long-term forecasts to determine the winner between Ethereum and Bitcoin.

Return on Investment (ROI) of Ethereum (ETH) is the first indicator. Even after 95 percent of the price falls, early investors are deep in the money. Based on current fundamentals, making price predictions for digital coins by considering what is online is easy.

Then the importance of control and censorship resistance is a benefit blockchain present, a benefit now and in the future. Most centralized applications have been accused of censorship, say on YouTube or Twitter, blocked by dissidents. In Ethereum, similar apps can be launched but without transaction censorship.

There is control, and data generators are paid for their work. Aside from that, Ethereum drastically expands on Bitcoin, and so much more, like asset tokenization, can be done on the network than a naked, smart contract-free blockchain.

Like stock prices, the cryptocurrency market requires high risk. The world’s second-largest cryptocurrency by market capitalization is a good investment and a suitable replacement for the US dollar.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

This post was last modified on November 21, 2021 4:10 pm

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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