Ethereum Price Prediction 2023-2030: Will Ethereum Go Up?
Latest Ethereum Price USD
Article Coverage: Latest Ethereum News, Is Ethereum a Good Investment, Ethereum Price Prediction 2023-2030, Will Ethereum Go Up? FAQs
Eth Price Prediction: Latest Macro Data
- Dollar Index – DXY has been trending higher in the past 30 days.[Negative for ETH]
- Crude Oil Price – Crude Oil Price has been operating in a narrow range for the last 7 days [neutral for ETH]
- Last CPI Read – Last month was at 3.7%. Rising [Negative for ETH]
- Personal Consumption Expenditures Price Index – At 3.0%, it fell lower. However, the next read is likely to be higher [Negative for ETH]
Usage Statistics
- DeFi TVL – Trending lower since April, Underperforming Competitors [Negative for ETH]
- NFT Sales Volume[30 Days] – Dropped by 38.6%, Trending lower but competitive [Positive for ETH]
Overall Signal: Marginally Positive for ETH [Medium Term] Bearish.
Latest Ethereum News
- Recently, a whale identified by the address “0xb154” shifted 5,040.3765 ETH ($8,152,355.35) from Binance to a non-custodial wallet.
- Grayscale Investments, an investment firm, has put forward a new application for an Ethereum futures exchange-traded fund. This ETF would mirror the performance of Ethereum futures contracts. Previously, Grayscale applied for an Ethereum futures ETF, but they used a different regulatory framework called the Securities Act of 1933. Now, they’ve made a change and are applying under the Investment Company Act of 1940. The reason for this shift isn’t entirely clear, but it might be an attempt to increase their chances of getting approval.
Ethereum: Buy, Sell, or Hold? Crowd Poll
- June 30th: +39.7%
- July 31st: +52.0%
- September 1st: +40.3%
- September 20th: +41.4%
- September 22nd: +40.8%
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Ethereum Price Prediction: Is Ethereum a Good Investment?
Ethereum expands on the Bitcoin Blockchain by building cumbersome smart contract features to execute on Bitcoin. ERC-20 is a standard used on the Ethereum Blockchain to issue smart contracts in the form of Fungible Tokens. This standard can be used across a variety of products and services. Cryptocurrencies like Shiba Inu are issued through ERC-20 Token. ERC-721 is a standard to issue Non-Fungible Tokens.
Use Cases for Ethereum
- DAO (Decentralized Autonomous Organisations): Unlike traditional organizational structures with clear leadership and top-down decision-making, DAOs work more democratically with proposals voted by members of the blockchain.
- Ethereum Smart Contracts: Most Altcoins do not have blockchains of their own. Instead, they issue ERC-20 Tokens from the Ethereum blockchain. Ethereum charges a gas fee in the form of Ether (Eth) cryptocurrency for using the Ethereum Blockchain
- Metaverse: Almost all Metaverse platforms issue built on the Ethereum Blockchain.
- DeFi Tokens: Ethereum is a dominant player in this space with most Tokens and Apps built on Ethereum
- Decentralized Apps (DApps) like Uniswap, Polymarket, etc
Competitors of ETH: Solana, Cardano, and Polkadot
Main Sources of Ethereum Value: ERC-20 Token Transactions, DeFi Contracts, NFT Transactions.
Ethereum has had two loss years since its launch (after a hard fork with ETC) in 2016. The losses came in 2018 and 2019, the years when the Federal Reserve reduced the size of its balance sheet. The losses in 2022 have also followed the same pattern.
Gain Years: 2017, 2020, 2021
Loss Years: 2018,2019,2022
In how many days did Ethereum double in the past?
- $100 to $200: 11 Days
- $200 to $400: 178 Days
- $400 to $800: 26 Days
- $800 to $1600: 1143 Days
- $1600 to $3200: 58 Days
Ethereum Price Performance so far
- Year To Date (2023): +33.3%
- Last 12 months: +26.0%
- Since launch (2016): +56225.9%
Ethereum Price Prediction: Will Ethereum go up?
Given the information we have today, we expect liquidity to stabilize or improve and blockchain and token adoption to rise. So the odds of Ethereum going up in 2023 is higher than the odds of falling lower. However, macro and industry risks remain and could rear an ugly head anytime.
Ethereum has risen so far this year due to multiple reasons
- The inflation rate has fallen improving market sentiments which encourage investors to return to risky assets like Cryptocurrencies
- Ethereum benefits whenever the crypto market performs well because many cryptocurrencies use the ERC-20 Token
- With no major crisis after the FTX scandal, the negative effects of FTX have reduced significantly.
- With the losses due to FTX more clearly identified, FUD trended lower and helped push the Eth price higher
- As FUD fell, DeFi TVL stopped crashing leading to more demand for Eth (Gas fees). This pushed Eth higher as well
Ethereum Price Prediction: How low will Ethereum go?
- Ethereum has managed to stay above the $1k level over the last 6 months. BTC for example fell below the June low after the FTX scam was unearthed
- Ethereum is likely to fall below $1k under the following circumstances
- A major economic recession
- Inflation rises again
- Another scam unraveling in the cryptocurrency industry
- A new regulation that tightens the trading of cryptocurrencies
- XRP losing its case to the SEC. This could result in more regulation
Will Ethereum Crash again in 2023?
Yes, Ethereum could crash again in 2023. However, there is low to moderate certainty in the prediction. Here is why Ethereum could crash again in 2023
- The continued rise in interest rates could lead to a bigger crash than anticipated in the economy
- Further deterioration in both the Chinese and European economies could lead to less demand and interest in ETH tokens
- Another FTX/ Luna type of scam taking Eth even lower than the recent bottoms
Our ability to predict each of these events is moderate at best. So the worst-case scenario is we cannot rule out another big crash in 2022.
Also Read: Ravencoin Price Prediction
Ethereum Price Prediction Today, Tomorrow and Week
- Ethereum Price Prediction in the next 24 hours is between $1590 and $1598
- Ethereum Price Prediction this week is between $1551 and $1652
| Overall Outlook | Bearish |
| 1. Market's Wisdom | Bearish |
| 1a. Market Data | Partially Bearish |
| 1b. Technical Recommendation | Sell |
| 2. Crowd's Wisdom | Bearish |
| 2a. Social Media Buzz | Lower |
| 2b. Social Media Sentiment | Lower |
Read: Can XLM reach $50, $100, and $1000? XLM Price Prediction 2023, 2025 and 2030
Ethereum Price Prediction 2023, 2025 and 2030, Aggregated
Most Platforms are optimistic about Ethereum’s growth. By 2024, interest rates are likely to fall in response to slowing economies which would help Ethereum. Ethereum’s growth drivers include its dominance in smart contracts, reliance of many Altcoins on the ERC Token framework, and potential for a 4-fold increase in market cap if it captures just 1% of global wealth allocation. Between 2025 and 2030, Ethereum might experience its golden era due to increased adoption. However, cyclical economic factors and new innovations could pose risks to blockchain and Ethereum.
- Ethereum Price Prediction 2023 is $2005
- Ethereum Price Prediction 2024 is $3395
- Ethereum Price Prediction 2025 is $4879
- Ethereum Price Prediction 2026 is $7224
- Ethereum Price Prediction 2027 is $11084
- Ethereum Price Prediction 2028 is $15329
- Ethereum Price Prediction 2029 is $18178
- Ethereum Price Prediction 2030 is $21322
Ethereum Price Prediction 2040
We project Ethereum prices for 2040 on the basis of conservative scenarios.
- If the ETH price increases by 15% per annum: $16,228
- If the ETH price increases by 25% per annum: $72,792
Ethereum Price Prediction: ETH Wallet Analysis
Holders Making Money at the current price? 50%
Holders > 1 Year: 74%
Source: Intotheblock
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Ethereum Price Prediction 2023: Frequently Asked Questions
What factors influence Ethereum Price Positively?
- Increased Liquidity
- Inclusion in mainstream ETFs
- Increase in Adoption (DeFi, NFT, Smart Contracts, etc)
What factors influence Ethereum Price Negatively?
- Inflation and higher interest rates
- In-market issues like LUNA etc
- Losing Share in Blockchain Adoption to other Layer-1 Blockchains
What is Staking? What is the Proof of Stake Consensus Mechanism?
The Proof of Stake model requires cryptocurrency holders to keep some of their coins at stake which can be used to verify transactions. It is an improved version of the Proof of Work model and makes an attack or hack less likely or unfruitful. By keeping coins at stake, the stakeholders earn rewards.
Which is better? Ethereum or Bitcoin?
There is no agreement on which is better but Bitcoin and Ethereum have similar and different characteristics which make both compelling stories.
- Bitcoin has been developed to behave like a currency which means it can be used for payment as well as stored like Gold because of its limited supply and mining characteristics. Ether is a token that is needed in order to use the Ethereum blockchain. The Ethereum blockchain can be used to build numerous apps and services by companies other than the Ethereum Foundation itself
- Both of them are decentralized and need validators to verify transactions, and the coins can be traded in an exchange and stored in a wallet
How to buy Ethereum?
Ethereum is one of the most popular cryptocurrencies. Ethereum tokens can be purchased on various centralized and decentralized exchanges such as Binance, Coinbase Exchange, KuCoin, Bithumb, Bitfinex, Kraken, Curve Finance, PancakeSwap and Loopring Exchange. Here are the steps to buy or Invest in Ethereum:
Requirements to buy Ethereum:
- Need to have a Crypto Exchange Account
- Need to Have a Crypto Wallet
Steps to Invest In Ethereum
- You need to find a reputable cryptocurrency exchange that supports Ethereum (as listed above).
- Once you’ve chosen an exchange, you need to sign up for an account. This usually involves providing your name, email address, and proof of identity.
- To buy Ethereum, you need to have funds in your exchange account. You can add funds by linking your bank account or credit card to your exchange account.
- The next step is to place an order to buy Ethereum. You can choose to buy at the current market price or set a limit order to buy at a specific price.
- After you have purchased Ethereum, you need to store it in a secure wallet. You can use a hardware wallet like Ledger or Trezor, or a software wallet like MyEtherWallet.
Also Read: Ravencoin Price Prediction
Note: Crowdwisdom360 collates Predictions and data from all over the net. Please consult a registered investment advisor to guide you on your financial decisions.