Ethereum Price Prediction Today, 2023-2030

Read about Ethereum Price Prediction 2023, 2025, 2030

Will Ethereum go up? Ethereum has recovered multiple times after a significant fall and is likely to do so over the next 12 months.

Latest Ethereum Price USD

Performance in the last 12 Months

  • Last 5 Days: +2.9%, Underperformer*
  • Last 30 Days: +10.5%, Outperformer
  • Last 6 Months: +34.2%, Outperformer
  • Last 12 Months: -46.7%, Outperformer

*Vs Cardano, a Leading Blockchain Company

Ethereum Price Prediction this week: $1685 to $1826

Ethereum reached the highest level in almost two weeks, following emergency measures taken by US regulators to shore up the banking sector after the shutdown of Silicon Valley Bank and Signature Bank. Ether’s gains also coincided with Binance’s announcement of converting its $1 billion Industry Recovery Initiative fund to Bitcoin, Ether, and BNB.

Latest Macro Data

Usage Statistics

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: Short-Term Analysis

Overall OutlookPositive
1. Market's WisdomPartially Positive
1a. Market DataNeutral
1b. Technical RecommendationBuy
2. Crowd's WisdomPositive
2a. Social Media BuzzHigher
2b. Social Media SentimentHigher

Ethereum Technical Analysis

Ethereum at the time of writing is trading above $1800. The confidence for Ethereum on most of the exchanges is very high as per the data by Coinmarketcap. However, for the last couple of days, the Ethereum price has been repeatedly seesawing between $1700 and $1800. The buyers have failed to push the Ethereum price above $1900 which has directly allowed the sellers to short the asset. However, the sellers have failed to pull the Ethereum price below $1700 as the buyers have come to the rescue whenever the asset started to trade lower.

On the 4-hour timeframe chart, the 50-day Moving average for Ethereum is around $1772 and the 200-day Moving Average is $1662. The net Ethereum price is above both 50-day as well as 200-day moving averages. The 50-day MA is the first level of support for Ethereum.

image 775

For Ethereum, the first level of resistance is $1842. In the event of a breakout above this level, the bulls will have fertile ground to push the ETH price above $1900. Ethereum in the last couple of days has failed to break above this resistance level.

The Relative Strength Index of ETH is 58.91. It is on the uptrend and it indicates the asset is bullish and the buyers are in control of the market.

image 776

The momentum oscillator for Ethereum is within the bullish axis. At the time of writing it reads 19.67. The Fear and Greed Index has, however, fallen from the Greed zone into the Fear zone.

The MACD indicator on the other hand adds to the bullish momentum of Ethereum. The MACD line is above the signal line. It is within the bullish axis. The volume bars have increased on the bullish axis. It is a buy signal.

Overall Ethereum is bullish and the trade recommendation is a buy.

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Latest Ethereum News

Ethereum will complete its transformation from proof-of-work into proof-of-stake on April 12th with the Shapella (Shanghai and Capella) upgrade. Shapella will let validators take out staked Ethereum along with the accumulated yields, and the Capella upgrade will allow ETH on EL to be withdrawn via unlocking from ETH’s CL.

zkSync, a scaling solution for the Ethereum network, has launched the world’s first zkEVM Mainnet in a permissionless manner. The technology uses zero-knowledge proofs to enforce the integrity of computations and aims to scale freedom, trustless, barrierless, and permissionless economic cooperation.

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 in a more democratic way 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

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Ethereum Price Prediction 2023, 2025 and 2030

  • 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 $2560

  • 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 $4963

  • 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 $22586

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? 47%

Holders > 1 Year: 67%

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. Choose a Crypto Exchange
  2. Create your account with the Crypto Exchange
  3. Fund Your Wallet
  4. Buy Ethereum
  5. Store

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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