Ethereum Price Prediction 2023-2030: Will Eth Go Up?

Latest Ethereum Price USD

Article Coverage: Performance Summary, Price Prediction this week, Macro Summary, Short Term analysis including technical analysis, Latest Ethereum News, Latest Ethereum Video, Is Ethereum a Good Investment, Ethereum Price Prediction 2023-2030, FAQs

Performance in the last 12 months, June 9th

  • Last 5 Days: -1.6%, Outperformer*
  • Last 30 Days: -1.1%, Outperformer
  • Last 6 Months: +48.4%, Outperformer
  • Last 12 Months: +3.6%, Outperformer

*Vs Cardano, a Leading Blockchain Company

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Eth Price Prediction: Latest Macro Data, June 9th

Usage Statistics

  • DeFi TVL – Trending lower over the last four weeks, Underperforming Competitors [Negative for ETH]
  • NFT Sales Volume[30 Days] – Trending lower and underperforming others [Negative for ETH]

Overall Signal: Marginally Negative for ETH[Medium Term]. Macro and Transaction performance suggest Ethereum is unlikely to go up in the near future and in fact, could fall marginally over the next few days.

Latest Ethereum News, June 9th

  1. Ethereum witnesses over $770 M net outflows amid SEC charges against Binance exchange. The NetFlow to Binance over the past 24 hours was $778.6M negative on Ethereum, $871.7M in and $1.65B out.
  2. In May 2023, there was a noteworthy surge in the quantity of Ethereum that was staked, as it reached an all-time high of 13.5 million ETH. This marked a significant increase compared to the previous record of 10.7 million ETH, which had been attained in December 2022.
  3. According to Santiment, both Bitcoin and Ethereum are experiencing a decrease in coins held on exchanges, which could potentially indicate future bullish trends.

The article is divided into Short Term and Long Term analyses. If you wish to skip the short-term analysis, click here

Ethereum Price Prediction this week: $1714 to $1905

Ethereum Price Prediction: Short-Term Analysis

Eth Price Prediction for the Next 6 Hours

Ethereum Price for the Next few Hours will be in the range of 1833.7 and 1851.5

Ethereum Price Technical Analysis, June 9th

The Ethereum price has been above $1800 but the buyers have failed to push the price above $1850. Recently ETH was rejected just below $1860 and the price fell below $1850.

image 175

On the above 4-hour timeframe chart, the net ETH price is now above the 200-day MA from above. The 200-day MA is $1840. At the time of writing the net ETH price is $1841. However, the price remains below the 50-day MA. The 50-day MA is $1866.

As the price is below the 50-day MA, the short-term momentum has turned bearish. However, the upward movement of the ETH price suggests a reversal in the momentum. The support for ETH is $1830 while on the upside, the 50-day MA is the crucial resistance.

ETH is technically neutral. The RSI confirms the neutral trend of Ethereum. The RSI at the time of writing is 45.3. It is moving sideways confirming the neutral market trend.

image 174

On the above chart, the technical indicators, the momentum oscillator, the Fear and Greed indicator and the MACD indicator have all turned bullish.

  • On the 4-hour timeframe chart, the momentum oscillator is now oscillating reading is +8.94.
    • The positive reading of the momentum oscillator suggests the momentum is bullish.
  • The Fear and Greed indicator bars have increased on the Greed zone.
    • The market sentiment is positive.
  • On the MACD chart, the MACD line has finally broken above the signal line. The green histogram bars have increased on the bullish axis once again.
    • This is a buy signal and the buying pressure is up once again.

Thus, the overall sentiment for ETH is Neutral. Check out the latest Crowdwisdom360 Indicators (Below) which are updated every 12 hours.

Ethereum Price Prediction Today

GMT: 09 Jun, 2023 12:36 PM
Overall OutlookBearish
1. Market's WisdomBearish
1a. Market DataPartially Bearish
1b. Technical RecommendationSell
2. Crowd's WisdomNeutral
2a. Social Media BuzzHigher
2b. Social Media SentimentLower

Ethereum Buy Sell or Hold? Crowd Poll

Crowd Sentiments are rising in favor of Ethereum.

Latest Ethereum Video

YouTube video

Ethereum Price Prediction: Long-Term Analysis

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 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 2023: Will Eth price go up to $3000?

  1. Ethereum has already risen from the bottom of November
  2. The future increase will depend a lot on how the Global economy and US interest rates play out.
  3. If the Global economies get better in the first half, Eth should see a massive pump. If not, it would take a few months into the second half or early next year for a major Ethereum pump
  4. The combination of the two could push inflation lower and help Crypto prices

Between 2018 and 2020 when the Fed first stopped and then began to expand its balance sheet, Bitcoin and Ethereum rose more than 3 fold from the bottom. However, both had significantly lower Market Cap than Ethereum today. At that time there were about 2000 Altcoins and BTC dominance was above 60%. Today, there are nearly 10k Altcoins and BTC dominance is below 50%. So, while Ethereum will certainly rise significantly if the economic conditions improve through the year, it is unrealistic to expect a doubling in the next 11 months. Such asset inflation could push inflation higher again and result in more interest rate hikes.

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
  • Eth is up nearly 15% over the last 3 weeks
  • 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

Safemoon Price Prediction

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 however are projecting fairly optimistic growth for Ethereum in 2023 probably banking on a more certain environment in the second half of 2023.

Ethereum Price Prediction 2023 is $2639

  • Global economies are likely to recover fully by 2024 and this will push Ethereum significantly higher between 2024 and 2025. Projections for 2025 are quite optimistic and this is much more certain than the projections for 2023.
  • The factors that will drive growth in the next 3 years are
    • Undisputed leader in the smart contracts space. One needs ETH to carry out transactions using Ethereum Layer-1 Blockchain
    • Most Altcoins use the ERC Token framework, so as many Alts fail, the few that are left will continue to power Ethereum both in the short and long run.
    • 1% of the allocation of current global wealth would amount to $4 Trillion which is 4x the current Market Cap. Therefore, it is likely good cryptocurrencies like Ethereum will continue to receive investor allocations and Ethereum in theory could rise 4 fold over the next 2 years.

Ethereum Price Prediction 2025 is $5063

  • The period between 2025 and 2030 is likely to be the Golden era of Ethereum with increased adoption rates across institutions, amongst consumers driving a massive need for the Ethereum Token.

In theory, these projections are likely given the build-up so far. Risks: There are likely to be cyclical economic winds as well as new innovations that could hurt blockchain and Ethereum.

  • Ethereum Price Prediction 2030 is $22410

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? 63%

Holders > 1 Year: 73%

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:

  1. Need to have a Crypto Exchange Account
  2. Need to Have a Crypto Wallet

Steps to Invest In Ethereum

  1. You need to find a reputable cryptocurrency exchange that supports Ethereum (as listed above).
  2. 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.
  3. 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.
  4. 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.
  5. 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.

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