Ethereum Price Prediction 2024-2030: Will ETH reach $8000 soon?

Key Takeaways

  • Ethereum faces a potential decline, amid bearish signal on its 1-Day chart
  • Ethereum (ETH) is anticipated to reach $6,899 by the end of 2024.
  • In 2030, ETH’s price could range between $21,408.41 and $23,486

Ethereum is a decentralized platform that utilizes blockchain technology worldwide. It gains recognition and interest among investors through its native digital currency, ether (ETH), while developers appreciate its utility in developing applications for blockchain and decentralized finance.

The Ethereum blockchain is accessible to everyone and is built to support scalability, programmability, security, and decentralization, allowing for the creation of any secure digital technology. ETH is primarily used to compensate users for computational services required to maintain the blockchain. Additionally, it can be used to purchase physical goods and services where it is accepted.

As the market sell-off intensifies, the outlook for ETH has become increasingly pessimistic. The market’s shift towards a fear, uncertainty, and doubt (FUD)- dominated sentiment, further exacerbated by Bitcoin’s decline beneath $60,000, has plunged ETH’s value to the $3,000 level.

So, what can traders and investors expect in the coming weeks and months? “Is ETH likely to go up? What will ETH be worth in 5 years?”

Let’s get into the details by exploring Ethereum’s price predictions from 2024 through 2030.


Market Cap$376,766,784,678
Trading Volume$8,902,702,219
Circulating Supply120,097,745 ETH
All-time High$4,891.70
All-time Low$0.4209
24 High$3,170.06
24 Low$3,075.59

Ethereum Price Prediction: Technical Analysis

Price Prediction$ 3,755  (2.20%)
50-Day SMA$ 3,193.08
14-Day RSI70.85
Fear & Greed Index74 (Greed)
200-Day SMA$ 2,736

Ethereum Price Analysis

Ethereum Faces Potential Decline Amid Bearish Signals

  • Ethereum’s price shows consolidation with a slight bearish trend on the 1-day chart, indicating uncertainty.
  • The 4-hour chart reveals continued bearish momentum, though with signs of a possible slowdown.
  • Overall, ETH is in a holding pattern on both charts, with key indicators suggesting a cautious market awaiting clear signals for direction.

Ethereum 1-day Price Chart: Bollinger Bands indicate increased volatility

ETH/USD 1-day price chart By TradingView

The 1-day chart for Ethereum (ETH) against the US Dollar (USD) reveals a recent price drop to $3,649.8, down 3.49%. The Bollinger Bands indicate increased volatility, with the upper band at $3,825.5 and the lower band at $2,543.0. The price is below the mid-band ($3,184.3), suggesting bearish sentiment. The Relative Strength Index (RSI) is at 53.70, slightly above the neutral 50 mark, indicating mild bullish momentum. However, the recent dip from an overbought level (64.30) implies a potential further decline or consolidation. Traders should exercise caution when trading, as ETH’s possible support is around $3,184.3.

Ethereum 4-hour Price Analysis: Ethereum (ETH) fails to maintain bullish sentiment at $3,760

ETH/USD 4-hour price chart By TradingView

The 4-hour chart for Ethereum (ETH) against the US Dollar (USD) shows a slight decline of 0.26%, with the current price at $3,668.6. Also, the Bollinger Bands indicate moderate volatility, with the upper band at $3,878.8 and the lower band at $3,642.9, placing the price just above the lower band. The Moving Average Convergence Divergence (MACD) reveals a bearish crossover, with the MACD line at -35.7 below the signal line at 103.1 and the chart showing negative momentum. The price recently tested the mid-band (20 SMA) at $3,760.8 but failed to sustain above it, indicating potential short-term bearish pressure.

Ethereum Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

SMA 3$ 3,597.88BUY
SMA 5$ 3,521.67BUY
SMA 10$ 3,312.84BUY
SMA 21$ 3,137.38BUY
SMA 50$ 3,193.08BUY
SMA 100$ 3,289.38BUY
SMA 200$ 2,736.23BUY

Daily Exponential Moving Average (EMA)

EMA 3$3,182.12BUY
EMA 5$ 3,143.05BUY
EMA 10$ 3,122.15BUY
EMA 21$ 3,147.17BUY
EMA 50$3,209.25BUY
EMA 100$3,101.72BUY
EMA 200$ 2,791.06BUY

What can you expect from the ETH price analysis next?

Based on both the 1-day and 4-hour charts for Ethereum (ETH), the short-term outlook appears bearish. The 1-day chart shows a recent drop with the price below the mid-Bollinger Band and the RSI slightly above neutral, indicating potential for further decline or consolidation. The 4-hour chart supports this with a bearish MACD crossover and the price near the lower Bollinger Band. The recent inability to hold above key support levels suggests that ETH may test lower support around $3,184.3 on the 1-day chart and $3,642.9 on the 4-hour chart, with possible further downward movement.

Recent News on Ethereum 

  • The SEC has approved Spot Ethereum ETFs, making Ethereum accessible to institutional investors. However, the approval follows a similar decision for Spot Bitcoin ETFs earlier this year.
  • On 30 April, Hong Kong launched Asia’s first bitcoin and Ethereum spot ETFs shortly after the U.S. approved similar investments.
  • After months of subdued activity, the total monthly stablecoin volume on Ethereum has risen consistently over the past three months, reaching a record high in April. It’s important to note that this data includes flash loan activity; when this is excluded, the stablecoin volume remains robust. For example, FDUSD saw its best month on record, even though the filtered stablecoin volume was slightly below March’s levels.
  • The upcoming Dencun Upgrade brings several enhancements to the Ethereum network. EIP-4788 boosts the Ethereum Virtual Machine (EVM) for secure, advanced operations. EIP-7514 raises Epoch loss limits to manage more validators, balancing scalability and access.
  • EIP-7044 simplifies staking with permanent exit signatures, increasing security. EIP-7045 extends attestation slots to improve LMD-GHOST protocol security and speed up block confirmations. The EVM upgrade introduces opcodes like EIP-1153 and EIP-5656 to optimize smart contracts and reduce gas costs. Lastly, EIP-7516 adds the BLOBBASEFEE opcode for real-time rollup costs and derivative creation based on Layer 1 fees.
  • As Ethereum continues to evolve with technological advancements like the EVM, its applications extend beyond just NFTs and DeFi. Ethereum casino platform leverages the unique features of Ethereum’s blockchain, offering enhanced security, transparency, and faster transactions.

Ethereum Price Prediction May 2024

As Bitcoin experiences a market adjustment, Ethereum bears the impact of the heightened market availability.

Ethereum’s failure to break above the 50-day EMA and a downward MACD trend may lead to testing lower support levels at the 100-day and 200-day EMAs, currently at $3,096.4 and $2,776. A break below these levels might lead to further declines.

Ethereum’s move above the 50-day EMA and positive MACD could signal a bullish reversal, potentially reaching resistance levels at $3,200 and $3,600.

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
May 2024$3,064.09$3,064.09$3,064.09

ETH Price Prediction 2024

In the first quarter of 2024, the Ethereum market price showed a significant recovery, demonstrated by an ascending triangle pattern on the weekly chart. After rebounding from a crucial $1000 support level in November 2022, Ethereum’s price trend has been gaining strength. Surpassing the key resistance level, the price of ETH climbs above $4000. This breakout indicates a potential sustained uptrend, successfully avoiding a death cross scenario. Should the price surpass the $5000 mark, it could markedly amplify the bullish trend into 2024. Influential factors like Spot ETF approvals and the impact of Bitcoin’s Halving on altcoins could propel Ethereum’s price toward $10,000.

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

Ethereum Price Prediction 2025 – 2030

YearPotential Low ($)Average Price ($)Potential High ($)

ETH Price Prediction 2025

In 2025, Ethereum is expected to continue its upward trajectory, potentially reaching a new all-time high of $6,899.11. However, there could be fluctuations, and the ETH coin price might dip to $6,824.52, with an average price around $6,634.13.

ETH Price Prediction 2026

By 2026, Ethereum’s price is expected to peak at $8,222.65. On the lower end, it might fall to $9,365.67, with an average sitting at $8,080.65.

ETH Price Prediction 2027

For 2027, the forecast suggests Ethereum could reach a new all-time high of $11,530.18. However, corrections may pull the price down to $12,208.59, with an expected average trading price of around $11,207.54.

ETH Price Prediction 2028

In 2028, Ethereum’s potential to dominate the crypto market might push its price to a new high of $14,420.44. Conversely, the price might decrease to $12,208.59, with an average price of $14,350.01.

ETH Price Prediction 2029

Approaching the end of the decade, in 2029, Ethereum is projected to hit a high of $17,279.46. In the event of a market correction, the price could drop to $15,049.63, with an average price expected to be $16,331.83.

ETH Price Prediction 2030

By 2030, Ethereum is anticipated to reach a new all-time high of $23,486.85. However, it could potentially fall to $21,408.41, with an average price of $22,325.17.

Ethereum Market Price Prediction: Analysts’ ETH Price Forecast

Firm Name20242025

*The targets above are the maximum price targets set by the respective firms.

Cryptopolitan’s Ethereum (ETH) Price Prediction

At Cryptopolitan, we are bullish on Ethereum future price as the historical market sentiment is extremely impressive. By the end of 2024, Ethereum might record a maximum price of $6,899, with a minimum price of $2,849.03   and an average price of $6,634

However, the future market potential for Ethereum entirely depends on its buying demand, regulation, and investor sentiment in long-term holding. 

We expect the Bitcoin price to reach a high of $6,899 by the end of 2024.

Ethereum Historic Price Sentiment


  • March 13: Gradual price climb with Ethereum trading at around $1.83.
  • June 16: Ethereum surpasses a $1 billion market cap, price spikes to $14.48.
  • June 18: Price crashes by over 45% after the DAO hack, resulting in a $50 million loss, falling to $11.33.
  • December 5: Ethereum hard fork in response to DAO hack, price drops to $6.83​​.


  • March 16: Prices rebound to around $46.35, driven by enterprise adoption news.
  • May 6: Price more than doubles to $97.81, amid broader industry growth.
  • June 12: Sharp increase to $401.49, spurred by ICO boom.
  • July 16: Price drops to $157.36, amidst concerns of a crypto bubble.
  • September 15: Price recovers to $253​​.


  • January 10: Ethereum breaks the $1,000 mark; prices later slide to $357.89 by April 1.
  • December 6: Price dips below $100 to $91.01​.

2020 to 2022

  • Throughout 2020: Fluctuating prices with a high of $735 and low of around $130.
  • 2021: Significant growth, starting the year at $737, peaking at $4,293.56, and facing a turbulent end with a decline to $3,679.01.
  • 2022: Volatility continues, with prices eventually dropping to $1,196 by year-end​​.

2023 to 2024

  • Early 2023: Prices start around $2,539, with minor fluctuations.
  • Late 2023 to early 2024: Gradual decline to around $2,237 in January 2024, followed by minor recoveries.
  • March 2024: Prices surge briefly to around $3,595.
  • Early May 2024: Price stabilizes around $3,117​

Read more on our resources to make an informed decision. Or if you have ETH, maybe our resources on wallets will be helpful.


Will the Ethereum price go up?

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. Another thing, 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, the more the demand for ETH 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. The project's foundation shapes Ethereum Forecast 2025, and ETH is worth holding in any portfolio. The 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. They are based on current fundamentals, making price predictions for digital coins by considering online.

What is an ERC20 token?

The critical distinction between ERC20 tokens and other cryptocurrencies is that ERC20 tokens are produced and hosted on the Ethereum blockchain. At the same time, bitcoin and bitcoin cash are the native currencies of their blockchains. An Ethereum address is used to hold ERC20 tokens, and gas is used to pay transaction fees.

What is gas?

On the Ethereum network, the smallest labor unit is called a gas unit. A specific quantity of gas is needed to validate and confirm each transaction on the Ethereum blockchain. For a transaction to be included in a block, miners must make a certain amount of effort

How can I back up my ETHER account?

Your backup phrase for your wallet should be written down and kept. Your 12-word mnemonic phrase contains your ether private key and cash. The Security section of your wallet is the best place to start if you haven't already. Thanks to your backup phrase, you can always access your money if anything goes wrong. You may follow this instruction as you work your way through the steps.

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 decision.

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