Ethereum has been one of the greatest performers among the leading crypto currencies in 2021, with a price increase of about 330 percent over the course of the year. However, after hitting a new high of $4,847 in early November 2021, the price of ETH plummeted by more than 70% in January 2022.
Ethereum Poised For $7k?
While ETH’s great ROI and strong trajectory led to a lot of high price projections for the coin’s future, many of those were invalidated by the recent downturn. On January 24, prospects of a huge rise to a new ATH seemed to disappear when the overall crypto market crashed under the $1.5 trillion barrier. Nonetheless, given Finder’s projection of an Ethereum year-end price close above $7000, these hopes were reignited recently.
Starting this year, Ethereum’s price, like the rest of the crypto market, appeared to be on its knees, with lows at $3673. For the time being, Ethereum’s 2022 trajectory appears to be primarily bearish, with the asset now trading at $2,919 at press time.
ETH/USD trades at $2,900. Source: TradingView
Despite the recent drop, Ethereum’s price is predicted to hit $7,609 this year, according to Australian fintech Finder’s panel of 33 crypto experts, before ending the year at approximately $6,500.
Intriguingly, the firm’s recent estimates for 2025 and 2030 were 30% and 48% lower, respectively, than its predictions from October last year.
ETH price prediction. Source: Finder
In addition, the panel anticipated that Ethereum’s price will reach $10,810 by the end of 2025 and $26,338 by the end of 2030 in the long run.
Furthermore, 79% of the panelists feel that Ethereum’s transition to a proof-of-stake (PoS) model would result in a price gain, while 11% believe that it will result in a price decline due to persistently high gas fees and scalability difficulties.
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ETH Price Direction
The Finder panel seems to be bullish on ETH’s worth, and if the above prediction comes true, ETH’s value will have increased by almost 100% by the end of the year.
Longforecast data, on the other hand, predicted a price of $2721 in December 2022, which was far too low. This may be due to ETH’s short-term performance and high correlation with BTC, which has caused ETH to fall when BTC falls. While the price of ETH was down 5% for the week at the time of publication, the price of BTC was only down 2%.
For the time being, with ETH’s trajectory still looking uncertain, it appears that the price of the cryptocurrency may continue to consolidate in the short run. However, given Ethereum’s network growth, the $7K price projection does not appear to be far-fetched.
The long-term growth of Ethereum appears to be unaffected as the hash rate continues to rise, reaching new all-time highs, a startling 240% growth since the beginning of 2021.
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Featured image from Pixabay, chart from Tradingview.com, Finder
FAQs
Despite the recent drop, Ethereum's price is predicted to hit $7,609 this year, according to Australian fintech Finder's panel of 33 crypto experts, before ending the year at approximately $6,500.
Will Ethereum hit 7K? ›
ETH's price is expected to rise to $5,710 by year-end 2024, according to the average prediction from Finder's panelists. The panelists also predict ETH will hit $7,996 by 2025 and $29,380 by 2030.
How high can Ethereum realistically go? ›
By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500. The current year will witness the Dencun upgrade, which is anticipated to positively boost the value of ETH.
Will Ethereum go to 10k? ›
ETH may rise to $4,800 by July 2024, drop to its Fibonacci level $2,560 by October 2024. In doing so, it will create a bullish cup and handle, a buy opportunity before ETH takes off in 2025. InvestingHaven's ETH price forecast 2025: $5,000 to $10,000.
How high could Ethereum go in 2024? ›
Our real-time ETH to USD price update shows the current Ethereum price as $3,430.12 USD. Our most recent Ethereum price forecast indicates that its value will increase by 0.62% and reach $3,451.38 by June 20, 2024.
Will Ethereum reach $3,000 again? ›
That being said, it is a 100% return from current levels and, therefore, will be a difficult target to hit. The Digital Coin Price Ethereum forecast calls for the market to be relatively flat through most of 2023 but does have an Ethereum Price Prediction of higher levels in 2024, breaking the $3000 level.
Can ETH go to 100k? ›
Ethereum's chart doesn't support moving to $100k in the coming years. While ETH to $100,000 might happen at a certain point in time, it won't happen before 2030, is what we confidently can say. Here is a path to $10,000 though.
How much Ethereum to be a millionaire? ›
At a price of $166,000, six ETH would be worth roughly $1 million. Currently, six ETHs cost around $20,000. For reference, the entire market cap of the S&P 500 is roughly $40 trillion. Additionally, the entirety of the world's above-ground gold reserves are estimated to be worth around $16 trillion.
Will Ethereum hit 50k? ›
Can ethereum reach $50,000? Ethereum prices could surpass $50,000 by 2030 in a best-case scenario, according to VanEck. But that would require a significant rise in activity on the ethereum blockchain over the next six years.
Should I sell my Ethereum in 2024? ›
Future Outlook: Ethereum price's future outlook for 2024 remains optimistic, bolstered by positive technical factors and the recent approval of spot Ethereum ETFs by the US SEC, positioning the altcoin for continued bullish momentum and potential substantial price increases.
Drawing parallels from previous cycles, a hypothetical 200% gain from its last high could see Ethereum reaching around $15,000 per coin. For current buyers, this represents a potential 500-600% gain, a lucrative yet relatively low-risk bet in the volatile crypto market.
What is Cathie Wood's prediction for Ethereum? ›
Ark Invest held its Big Ideas event, an annual opportunity to review high-level market trends and potentially disruptive technologies. At one of these events, Wood asserted that Ethereum could reach a market capitalization of $20 trillion by 2032.
What will $1000 of Ethereum be worth in 2030? ›
If ETH reaches $166,000 per token by 2030, it would create huge gains. Specifically, an investment of $1,000 would be worth $54,330.
How high can Ethereum go in 5 years? ›
Ethereum (ETH) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 3,738.21 |
| 2026 | $ 3,925.12 |
| 2027 | $ 4,121.37 |
| 2030 | $ 4,771.01 |
1 more rowAccording to analysts, we can expect a surge in Ethereum in 2024. Due to Ethereum's popularity, the price is expected to reach €2,239.73 in September. By the end of 2024, Ethereum could even reach a price of €5,538.37.
Should I buy Bitcoin or Ethereum? ›
Buying either crypto requires a high risk tolerance. Looking at past performance, it's difficult to choose a winner between Bitcoin and Ether because their relative returns fluctuate depending on the time frame. In the past year, Bitcoin prices are up 157% compared to a 100% gain for Ether.
What will Ethereum be worth in 5 years? ›
Ethereum (ETH) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 3,681.40 |
| 2026 | $ 3,865.47 |
| 2027 | $ 4,058.74 |
| 2030 | $ 4,698.50 |
1 more rowCan ethereum reach $50,000? Ethereum prices could surpass $50,000 by 2030 in a best-case scenario, according to VanEck. But that would require a significant rise in activity on the ethereum blockchain over the next six years. When more apps are running on the blockchain, increased fee revenue is generated.
