Ethereum Price Predictions

Crypto

When Ethereum launched, It brought with it a whole new field of innovation with smart contracts. It was not a competitor to Bitcoin, but rather a second-generation blockchain that introduced new functionality to the industry. Today, it is the second-largest crypto token by market capitalisation. But what does the future of Ethereum 2.0 look like?

How Much Is Ethereum Worth?

Ethereum is trading at $1248 at the time of writing. With a circulating supply of 122.373,866 ETH, it is at a market cap of $152 Billion. It hit an all-time high of $4,891.70 in November 2021.

Ethereum’s value depends on a lot of factors. Firstly, it is a platform for developers to create and host dApps (Decentralised Applications). This means the performance and security of those applications impact the token’s price. Currently, Ethereum is the most popular platform for smart contracts. It has thus continued to remain at the forefront of investment. 

Second, its price also depends on external factors such as worldwide financial and market conditions. With the threat of recession on the horizon, global markets are in the red. This has inevitably impacted crypto markets as it has become a more mainstream investment option. 

Finally, other activities in the crypto market, such as developments on Ethereum and large-scale crypto adoption also have an impact on the price of the asset.

Read more: What Is Ethereum 2.0

Ethereum (ETH) Price and Technical Analysis

Current Price (As of 6th Jan 2023)$1248
50 Day SMA$1223
100 Day SMA$1296
200 Day SMA$1394
24-hour volume$ 9.079 Million
14-day Relative Strength Index55.05
Fear and Greed Index42(Neutral)

Ethereum Price Analysis 2022

Ethereum Price Prediction for 2022

Ethereum started the year 2022 off high, at $3,683. However, this was short-lived as it fell drastically to almost $2,200. Between Jan and May, it experienced several cycles of corrections and recovery before the entire crypto market went into a bear phase in June 2022.

June saw the failure of many large crypto funds and lending platforms such as Three Arrows Capital and Celsius. This greatly impacted investor confidence in the market, along with pushing users away from using dApps and Defi platforms. Ethereum soon fell to its lowest point of the year, hitting just under $900. 

It experienced a brief recovery through August but failed to break the $2,000 mark. This was followed by the implementation of the Ethereum Merge, its long-awaited shift to proof of stake consensus. However, it was still plagued with uncertainty as investors were unclear about its immediate benefits. This caused Ethereum to trade in a range between $1,200 and $1,350 for over a month. 

In the last three months, however, Ethereum has shown promising signs. It has risen over 23% to breach the $1,600 mark and has crossed its 50-day SMA of $1396,57. Analysts predict Ethereum will continue to trade in a band of $1,200 to $1,400 over the next few months. 

Ethereum Technical Analysis for December 2022

Ethereum Technical Analysis for December 2022

  • ETH after taking support at $1075 started moving up and surged forward by 25%
  • The asset witnessed profit booking at $1400 and dropped to $1260
  • It continues to trade in a narrow range of $1150 to $1250
  • ETH has strong support at $1250 and $1000

Ethereum Price Prediction 2023

Highlights

YearOptimistic LowOptimistic High
2023 (Q4)$1400$2000

In the first quarter of 2023, it is expected that Ethereum will stay under $2,000, trading at an average price of $1,879. The second quarter may bring more hope for the market, however, as signs of global economic recovery become apparent. Analysts believe this will finally push Ethereum back over the $2,000 mark after almost a year. 

The second half of 2023 will continue this trend with the token expected to rise to an average of $2,350. 

Ethereum Price Prediction 2024

Highlights

YearOptimistic LowOptimistic High
2024 (Q4)$2300$3000

Similar to Bitcoin, Ethereum may show signs of strong recovery during 2024. The price is expected to surge forward from low levels of $2300. This is subject to positive global macroeconomic conditions, increased security, trust in the crypto markets and large-scale awareness of Ethereum. The next few Ethereum upgrades will also play a critical role in pushing the price upwards. 2024 might end with Ethereum touching the $3000 mark. 

Ethereum Price Prediction 2025

Highlights

YearOptimistic LowOptimistic High
2025 (Q4)$3000$4500+

2025 is expected to be a good year for crypto. Recovery from the economic downturn and further innovation in the space will encourage more investors to participate. In addition, the Merge was only the first step towards improving Ethereum.

Implementation of the Surge, Verge, Purge and Splurge stages will greatly boost performance and help the platform reach its long-awaited 100,000 TPS. This would improve usability and ease of operation for Ethereum, resulting in more growth for the token. 

Ethereum is expected to surpass its all-time high of $4,891.70 in 2025, with some analysts believing it can even cross the $5,000 threshold. 

Ethereum Price Prediction at a Glance

ETH Chart Price Prediction

Is Ethereum A Good Investment?

Ethereum has made a major upgrade in the last few months. The implementation of the Merge has pushed the platform to a new stage in its development. It has also boosted Ethereum 2.0 price prediction for the coming years. 

If the platform continues innovating and implementing its goals on time, the token will perform well. Despite the existence of “Ethereum-killers” on the market, Ethereum has continued to dominate NFTs and dApps. It has firmly cemented its place in the Web 3.0 future. 

Should I Invest In Ethereum?

All Ethereum price predictions points to a well-performing asset over the next few years. However, there may not be any steep rises and recovery can be slow. To make the best returns, you will have to commit to investing over a long period. 

Read more: Crypto Trading Strategies

If you wish to make high returns in a short amount of time, other crypto tokens might be the better option for you. But investing in Ethereum means investing in one of the strongest crypto platforms on the market. 

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FAQs on Ethereum Price Prediction

What will Ethereum be worth in 2023?

Ethereum is expected to cross the $2300 mark in 2023. This is subject to favourable global macroeconomic conditions and increasing participation in the crypto markets.

What will Ethereum be worth in 2024?

The possibility of Ethereum going through a bullish run is high as per analysts. The price is expected to move forward from the $2300 – $3,000 range in 2024.

What will Ethereum be worth in 2025?

After looking at previous price cycles, realistic Ethereum predictions tell us that it can hit a new peak by 2025, crossing the $4800 mark.

How is Ethereum price prediction done?

Ethereum price prediction is done by careful analysis of technical factors, fundamental factors, future upgrades of Ethereum and optimistic analysis of future global macroeconomic factors.

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