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 $ 3,913.61681885.
With the broader market rally turning bearish over the last few weeks, the biggest altcoin, Ethereum’s price prediction, takes a hit. As the sudden increase in supply projects a potential retest of the $3,000 mark, the short-term sentiments are bearish dominant.
However, the long-term uptrend and a potential bounce back in the market could shortly kickstart a new bull run in the Ethereum price trend. So, what’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.
Table of contents
- Story Highlights
- Overview
- ETH Price Prediction For July 2024
- Factors Influencing Ethereum’s Price in 2024
- Ethereum Price Prediction 2026 – 2030
- CoinPedia’s Ethereum Price Prediction
- Upcoming Tokens in Dencun Upgrade
- Historical Ethereum Price Sentiments 2016 – 2024
- FAQs
Overview
With the Bitcoin price ready to test the $60,000 mark, the ETH price trend faces a huge inflow of supply. Amidst this crash, the Ethereum price dropped by 3% intraday with a low at $3,233 and currently trades at $3,315.
![](https://image.coinpedia.org/wp-content/uploads/2024/06/24161609/image-428-1024x510.png)
Reverting the falling wedge breakout rally, the downfall in Ethereum is approaching the psychological mark of $3,000. However, a long-coming support trendline in action is near $3,100, which could provide a cushion for a bullish turnaround.
If the broader market recovers, the additional momentum could skyrocket the altcoin price above $3,500 to hit $4,066. On the flip side, a downfall is possible to the $2,800 mark if the psychological support barrier fails to absorb the rising supply.
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.
Also Read: Ethereum Price Analysis: With ETH Price Struggling Above $1800, What’s Next? $1600 or $2000?
Factors Influencing Ethereum’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 – When BTC rewards get cut, some money may flow to Ethereum instead. It could drive up interest.
- Increasing adoption – More companies are experimenting with Ethereum each year. As usage grows, it will attract more builders.
- Ether ETF application – The bullish anticipations around the Ethereum ETF application are becoming one of the key bullish catalysts.
Bearish factors
- Regulatory concerns – Governments may impose strict rules that add risk and uncertainty.
- Market volatility – Crypto prices like Ethereum fluctuate depending on market conditions.
- Competition – 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.
Ethereum Price Prediction 2026 – 2030
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.
CoinPedia’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.
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.
Market Analysis
*The aforementioned targets are the average targets set by the respective firms.
Upcoming Tokens in Dencun Upgrade
- EIP-4788: EIP-4788 enhances the EVM’s capabilities, securely bridging Ethereum’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-GHOST’s security and paving the way for faster Ethereum block confirmations.
- EVM Upgrade: EVM’s evolution continues with opcodes like EIP-1153 and EIP-5656, aiming to streamline smart contracts while cutting gas costs.
- EIP-7516: Introducing EIP-7516’s BLOBBASEFEE opcode, this facilitates real-time rollup cost delivery and derivatives creation based on L1 fees.
Historical Ethereum Price Sentiments 2016 – 2024
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. 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 altcoin’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, Ethereum’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.
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.