Ethereum has enjoyed a healthy start to 2024, seemingly setting its sights even higher with multiple positive events on the horizon for the world’s second-largest cryptocurrency. Can ETH sustain its bullish momentum or is a correction on the horizon?
This article dives deep into the key drivers of ETH’s price as well as on- and off-chain analytics to give you our Ethereum price prediction between 2024 and 2030.
Ethereum Price Prediction Summary
Year
Minimum Price
Average Price
Maximum Price
2024
$1,800
$4,500
$6,500
2025
$3,500
$6,600
$8,700
2030
$7,400
$9,800
$12,200
Ethereum Price History
Ethereum launched through an ICO in 2014 for $0.311 per coin. Until January 2016, it mostly traded for less than $1. However, in January 2018, its price pushed up and reached an ATH of $1,270. Ether exploded again in 2021, eventually creating its current ATH, on 16 November, of $4,891.70.
After this all-time high, the crypto bear market started, and the Ethereum price sank to a low of $890 on 18 June 2022.
Since these lows, the Ethereum price has been trending upwards. It climbed above $1,000 and found support there at the end of 2022.
The Ethereum price endured high volatility throughout 2023, hitting highs above $2,000 and lows near $1,000. One of the main causes for this was the actions of the SEC in the USA, which sued the two biggest crypto exchanges—Binance and Coinbase—in June and were battling in court with Greyscale regarding its rejection of Grayscale’s Bitcoin ETF. They eventually lost this case in mid-October.
At the end of October 2023, the entire crypto market received a boost from the expectation of a Bitcoin ETF approval in the coming months, and ETH finished the year at $2282.11, 91% up from January 1st.
On Bitcoin ETF approval day, January 10th, 2024, Ethereum gained as much as 12% on the expectation that it would be the next token to have an ETF approved. After a brief slump, the crypto markets and Ethereum rallied.
This caused the price of ETH to climb, and just 2 months after ETF approval, Ethereum topped $4,000.
While the ETH price is now descending due to the overall crypto market downturn, sentiment seems positive as investors wait for the launch of an already-approved spot Ethereum ETF in the following months.
Ethereum Price History Key Points:
- Ethereum launched through an ICO for $0.311 in 2014.
- The coin traded under $1 for most of 2015.
- In 2018, the price exploded to $1,270 but was followed by a bear market.
- Ethereum reached its ATH of $4,891.70 in November 2021.
- ETH is currently down 28.78% from its ATH and up 331% from its recent bear market lows.
Ethereum Price Prediction 2024
Everybody is expecting a bull market in 2024—especially after BTC’s all-time highs caused by the Bitcoin Halving event and the BTC ETF approval, as well as the meme coin mania. iThis positive sentiment, alongside the launch of already-approved Ethereum ETFs, could be a major catalyst for another push towards ATHs later on in 2024 (despite the current market state).
Another strong indicator of improving macroeconomic factors is U.S. interest rate cuts. While hope for this was high at the start of the year, it has faded slightly as the Fed has not yet reduced interest rates. Fed is now expected to make an interest rate cut at least once in the next four meetings. .
Last but not least, the SEC has dropped the investigation of Ethereum 2.0, clearing the road for safe ETH investing.
On the other hand, all cryptocurrency price predictions come with a certain degree of uncertainty, as multiple factors could change the price trajectory of ETH in the future.
For example, macroeconomic factors could dampen any hopes of other top cryptos reaching new ATHs. In fact, fears that the retail sector is already too financially tight to participate in this market could already be a reality.
All this being said, the Bitcoin Halving event and the BTC and ETF approvals are strong enough factors to carry the price of the two up in 2024.. With that in mind, we expect that ETH could track along with Bitcoin (due to their high price correlation) and post new ATHs of $6,500 in 2024.
However, if the global economic outlook looks rocky in 2024, we could see ETH struggle to reach such a price. As a result, our average price prediction comes to an ETH price of $4,500 in 2024. Last but not least—if the global economic situation takes a downturn in 2024, we could see ETH struggle to retake its previous high at all, with our ETH 2024 price prediction being as low as $1,800.
Ethereum Price Prediction 2025
Provided the crypto market makes another leg up in 2024, we can expect Ethereum to continue pushing to new ATHs in 2025. Bull markets typically last 18 months—and if the price push in 2024 happens post-ETH ETF approvals, Q4 2025 will likely be the peak of the bull market.
Generally, each bull market produces less percentage growth from its previous ATH for established cryptos. This is because as an asset matures, the amount of liquidity needed to boost its price increases. In other words, the most volatile cryptos are usually newer with lower market caps.
For example, according to CoinMarketCap, Ethereum reached an ATH of $1,270 in 2018—a 6,600% increase from its 2016 ATH of $18.9. Comparatively, the difference between its ATHs in 2018 and 2021 was only 285%.
However, it is also worth noting that Ethereum’s transition from proof-of-work to proof-of-stake has introduced ETH staking, meaning that—at the time of writing—over a quarter of the total coin supply is locked in a staking contract. This could make ETH more responsive to price movements, as less money is required to move its price up or down.
With this in mind, our Ethereum price prediction forecasts that Ethereum could increase as much as 120% from its current ATH, leading ETH to highs of $8,700 by the end of 2025.
Our average expected Ethereum coin price forecast is $6,600, while we predict potential lows of $3,500 in 2025.
Ethereum Price Prediction 2030
Due to the turbulent nature of the cryptocurrency industry, it is difficult to say where Ethereum will be by 2030.
Ethereum could see mass adoption, with governments, companies, and individuals utilizing its blockchain as the final settlement layer for numerous smart contract platforms.
On the other end of the spectrum, smart contract exploits, or simply the inadequacy of the unsolved blockchain trilemma could stunt Ethereum’s growth.
Did you know: The blockchain trilemma refers to a belief that decentralized networks can only provide two of three main benefits at any given time—with these benefits being security, scalability, and decentralization. As an example, Ethereum’s upgrade from PoW to PoS consensus algorithm is considered an improvement in terms of scalability but a sacrifice in terms of decentralization.
Ethereum will undoubtedly face trials and tribulations in the future, yet it has the capacity to provide tremendous value and utility and is seen as one of the most promising cryptocurrencies.
With this in mind, we expect Ethereum to be at the peak of its next bull run by 2030, thanks to another Bitcoin Halving event in 2028. However, it is important to note that blockchain technology and cryptocurrencies are still considered emerging technologies with many known and unknown risks that could negatively impact the price of ETH.
Therefore, our Ethereum price prediction estimates an average price of $9,800 by the end of 2030. With highs and lows of $12,200 and $7,400.
Potential Highs & Lows of Ethereum Price
Ethereum is one of the best cryptos on the market today. It has lots of potential, but the novel use cases, tokenomics, and regulatory uncertainty make it a riskier asset than Bitcoin. With this in mind, we have listed the possible lows and highs below.
Year
Minimum Price
Average Price
Maximum Price
2024
$1,800
$4,500
$6,500
2025
$3,500
$6,600
$8,700
2030
$7,400
$9,800
$12,200
Methodologies Used in Our Dogecoin Price Predictions
We have used and aggregated several methodologies in order to come up with our ETH price projections, namely:
- Time series analysis, where we analyzed data sequences and historical price data over several time periods to identify trends, supports and resistances, seasonal patterns, and cycles.
- Regression analysis, where we examined the relationship between price consumer trends, interest rates, and more.
- Fundamental analysis, where we investigated the on-chain data, including coin distribution among holders, the number of holders, the project’s roadmap, and more.
- Retail & institutional sentiment analysis, where we took into account the market’s overall mood, including public opinion and investor sentiment, but also different reports and predictions from notable parties.
What Do Other Analysts Predict for Ethereum?
Cryptocurrency data firm CoinCodex developed the Ethereum Rainbow Chart, which predicts the Ethereum price will reach $28,700 by the end of 2025. This analysis is based on Ethereum’s price volatility and the cyclical nature of Bitcoin’s halving-induced price cycles, which introduce extra supply-side pressure on Bitcoin and the rest of the crypto market every four years. Ark Invest CEO Cathie Wood is massively bullish on Ethereum. Her prediction estimates that Ethereum could reach ATHs of between $170K – $180K by 2030. Investor and founder of Winklevoss Capital Management and Gemini cryptocurrency exchange, Tyler Winklevoss, predicted Ethereum could be worth as much as gold. Based on gold’s 10 trillion market cap at the time of the interview, this would put the Ethereum price at $80,000. Ronghui Gu, CEO of the smart contract audit company CertiK, forecasts Ethereum at $30,000 to $50,000 by 2030. Ethereum is the blockchain that introduced smart contracts to the world, differentiating it from Bitcoin. Introduced in 2014, the project has gone through many upgrades and changes but still kept its place as the top smart contract blockchain—despite fierce competition from other newer projects. At the moment, Ethereum hosts most, if not all, major decentralized applications and is by far the largest blockchain by total value locked. Smart contracts are a piece of code that executes automatically after a set of requirements is met. The introduction of smart contracts brought us a world of dApps, including decentralized lending platforms, decentralized exchanges, swaps, staking, and more. Ether, or ETH, is the Ethereum blockchain’s native utility token. It is used to pay transaction fees (a.k.a. gas fees) on the network and is used as the base currency for the purchase of other digital assets on the blockchain. The Ethereum blockchain has a wide range of use cases. Its decentralization and immutability make it ideal for financial activity, commonly known as decentralized finance (DeFi). Additionally, Ethereum is used as the base for metaverse projects, blockchain gaming, NFTs, as a security layer for layer two scaling solutions, and much more. Layer 2 scaling solutions have become the answer for Ethereum’s scaling to meet the needs of the increasing number of new users and protocols on the blockchain—with the main ones being ETH rollups Rollups take transactions off the main Ethereum blockchain and execute them on the layer 2s. This increases the speed of transaction throughput for the user and onboard new users in an efficient manner without increasing gas fees for existing users. These layer 2s post their transactions in bundles to Ethereum’s core layer, thus inheriting its security. Recent Ethereum network upgrades, such as the Dencun upgrade in early March, have helped optimize the network for rollups, as well as other future scaling solutions that will increase the throughput of the network several times over. so. Ethereum has proven itself as the best altcoin in recent years. This is evident in it being the second largest crypto by market cap after Bitcoin. Below we have compiled Ethereum’s key price-related stats. Unlike Bitcoin, Ethereum has an entire ecosystem built around it. Although its price is heavily influenced by Bitcoin’s and other macroeconomic factors, there are many additional, crypto-specific influences on Ethereum’s price. According to the CME Group’s analysis of BTC and ETH correlation, BTC’s daily price movements explain 75% of ETH’s movements in the 2-year span of their analysis. Moving on to today, analysis websites like Macroaxis show high degrees of correlation between the two cryptocurrencies, meaning BTC most likely dictates the market movements the majority of the time. However, the introduction of ETH ETFs may change that, as institutional money could flow more easily from traditional markets directly into ETH. Ethereum faces fierce competition in the layer 1 space, mainly from Solana, BSC, and others. Several promising blockchains that have yet to see much application, like Cardano, are also finalizing their preparations, meaning that the competition will only be stronger in the future. Ethereum’s ability to implement rollups and scale its throughput may be one of the core factors in its future price movements. Ethereum’s transition from PoW to PoS introduced a coin-burning functionality, thus turning the second-largest cryptocurrency slightly deflationary. However, the recent Dencun upgrade switched it back to being slightly inflationary in recent months. While this is an insignificant factor in the short term, crypto holders mostly prefer a slightly deflationary cryptocurrency, which could alter their perception of ETH. Last but not least, we have community—the most important factor for any blockchain. Community comes in the form of retail support, developer support, the number of holders and stakers, and more. Ethereum is currently by far the largest cryptocurrency by TVL and developer activity, with its total value locked exceeding the top 10 blockchains combined. On the other hand, the cryptocurrency is supported by individual investors as well, seeing that around 25% of the total supply of ETH is being locked in a staking contract. Maintaining a strong community, both in terms of retail and developer support, will be core for future ETH price development. According to our average Ethereum price forecast, we expect the price of Ethereum to reach $6,500 in 2024, an 86.41% increase on today’s price of $3,486.79. With the bull market expected to peak in Q4 of 2025, our 2025 Ethereum price prediction estimates a high of $8,700, an over 200% increase on today’s price. While long-term price predictions are more difficult to make, we believe Ethereum could be sustaining prices close to $10k in 2030, where we forecast the average Ethereum price to be $9,800. However, it is important to remember that these figures are predictions and should not be used as guaranteed signals when deciding to buy Ethereum in 2024. Crypto assets are volatile and can quickly move in either direction, potentially leading to losses. The first step for investors looking to invest in Ethereum is to select an appropriate platform. Platforms like MEXC and OKX are leading options due to regulatory compliance and high-level security features. MEXC is a popular crypto exchange with a global user base. It offers over 1700 cryptos to trade, including top coins like Ethereum and many smaller cap and newer coins. This makes it ideal for both beginners and experienced traders. It offers different trading options, including spot trading, margin trading, and futures contracts. It also has easy-to-use charts and tools that help you make informed decisions. The platform also has low trading fees (0% for spot trading). Its fee structure changes based on trading volumes, and you also get discounts if you use its native MX Token. MEXC aims to compete with the best crypto exchanges in the world with a processing capacity of 1.4 million transactions/second. Also, its user-friendly interface is quite accessible to both beginners and experienced traders. The platform ensures your crypto is safe by having strict KYC rules and multi-sig wallets. They also have 24×7 customer support available to address your queries. You can earn money on your idle crypto (like ETH) through staking and lending on the platform. Note that MEXC is also included on our list of best places to buy Ethereum in the UK.
OKX is a well-established crypto exchange quite popular for P2P trading. It also offers many other ways of trading and has some of the lowest fees for buying Ethereum and other cryptos. You only have to pay a small amount in spot trading – just 0.1% of the trade. This rate can be further reduced depending on your trading volumes. We discovered that OKX is also a great place to earn money by staking idle cryptos. For example, you can buy Ethereum and put it in a special savings account to earn some interest every year. Some other coins, like Near Protocol and Elrond, can earn you even more yearly interest. This makes OKX one of the best staking platforms. The platform also has more advanced trading options, like perpetual swaps, futures, and options. It even has its own crypto wallet app that you can use. You can control your private keys with this wallet, which is crucial to maintain high security. The exchange also gives traders many tools to analyze the market. It works with TradingView to offer price charts over different time periods.
Ethereum is one of the most well-established and technologically advanced cryptocurrencies, which is will positioned to continue to dominate the altcoin landscape in the coming years, as our above Ethereum price predictions show. While there is a huge upside and future-utility potential to ETH, it is always good to be aware that investing in cryptocurrencies carries risks. If you are looking to invest in ETH or any other cryptocurrency, we recommend MEXC as the place to buy ETH.
What is Ethereum & What is it Used For?
Rollups: Ethereum’s Scaling Future
Ethereum Overview
Cryptocurrency
Ethereum
Ticker Symbol
ETH
Rank
2
Price
$3,486.79
Price Change 24H
-3.84%
Market Cap
$412,549,943,889
Circulating Supply
122,275,693 ETH
Trading Volume 24H
$25.6B (6.3M ETH)
All-Time High
$4,891.70
All-Time Low
$0.4209
What Influences the Price of Ethereum
BTC Correlation
Competitors
Coin Supply
Community
Is Ethereum a Buy?
Where to Buy Ethereum?
MEXC – Leading Crypto Exchange With Strong Security Measures, Offers 1,700+ Cryptos
OKX – Popular Crypto Exchange With Low Fees And High Passive Rewards
Conclusion
References
FAQs
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