Ethereum Price Prediction 2024, 2025, 2030

Ethereum has been trending steadily upward throughout in the past few months, after a period of price correction. Can ETH sustain this steady 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

  • Ethereum’s current price is $2046.30 up 71% in the past year.
  • After reaching its all-time high (ATH) of $4,891.70 in November 2021, ETH is now down 58%.
  • Our Ethereum price forecast estimates that ETH could range between $1,800 and $2,150 for the rest of the year.

Year Minimum Price Average Price Maximum Price
2024 $1,800 $4,500 $6,500
2025 $4,500 $7,600 $10,700
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, the price reached an ATH of $1,270. The price 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, which saw the Ethereum price sink to lows of $890 on 18 June 2022.ETH price history chart, all time

Since these lows, the Ethereum price has been trending upwards. ETH is currently up 130% from its June 2022 low of $890, and 71% this year, but still down 58% from its ATH.

The Ethereum price endured high volatility throughout 2023. One of the main causes for this was the actions of the SEC in the USA. They sued the two biggest crypto exchanges, Binance and Coinbase, in June, and have been battling with Greyscale—and lost—in court regarding the rejection of its Bitcoin ETF.

At the end of October the whole of the crypto market received a boost from the expectation that a Bitcoin ETF would be approved in the coming months. This drove the price of ETH upward, and it was buoyed above $2000 on November 9th, for the first time since July, on the news that BlackRock plans to file a Ethereum ETF.

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 58% from its ATH but up 130% from its recent bear market lows.

Ethereum Price Prediction 2024

A crypto bull market is widely expected to occur in 2024, thanks to the continued improvement of economic factors and the Bitcoin Halving event in April, which, has historically triggered bull markets each time it has occurred (which is once every four years). Prior to this we could also see the approval of a Bitcoin ETF, or even an Ethereum ETF, both of which would have a positive effect on the price of Ethereum.

However, all assets carry risks, and there are multiple factors that could negatively impact the future price of Ethereum and other cryptocurrencies.

For example, global macroeconomic factors could worsen and dampen any hopes of top cryptos reaching new ATHs. At the start of the year, some were warning of a global recession, and, while there are some who think recession worries are over, it seems as though we’re still in the balance as there are still some who see a recession looming. Moves in either direction will impact the price movements of all cryptocurrencies.

Another consideration is that the SEC could file a lawsuit against Ethereum, particularly since SEC chair Gary Gensler has refused, this year, to say that ETH is not a security.

Nevertheless, there are numerous factors, besides the Bitcoin Halving event and ETF approvals, which could help ETH grow in 2024. For example, the regulatory framework for crypto continues to take shape in countries around the world, providing investors and users with assurance of how crypto is going to be treated by regulatory bodies and governments.

It is notable that the USA lags behind the rest of the developed world with its regulating of the crypto industry,  introducing various bills to regulate the industry, but not yet passing any of them into law. While legislation in the USA isn’t the be-all-and-end-all of crypto legislation the news does always weigh heavily on the price of the top crypto currencies.

2024 ethereum chart price prediction

All this being said, the Bitcoin Halving event in April 2024 is the only certain piece of news for the crypto markets. With that in mind we expect that ETH could track along with Bitcoin and post new ATHs of $6,500 in 2024.

If, however, the global economic outlook looks rocky in 2024, we could see ETH struggle to reach an ATH and, as a result, predict an average ETH price of $4,500 in 2024. If the global economic situation takes a downturn in 2024, or ETF approval takes a long time (or doesn’t come at all), we could see ETH struggle to retake previous high, and are, therefore, predicting a low of $1,800 for ETH in 2024.

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Ethereum Price Prediction 2025

Provided the crypto bull market occurs in 2024, we can expect Ethereum to continue to create new ATHs in 2025. Bull markets typically last 18 months, so if it begins in Q2 2024, Q4 2025 will likely be when it peaks.

Generally, each bull market produces less 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 a $1,270 ATH in 2018, an 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 led it to be labeled as “ultra sound money” by some, because a small percentage of ETH is burned from each transaction, potentially making it a deflationary asset. ETH inflation or deflation can be tracked at Ultrasound.money.

The occurrence of a bull market will also result in increased interest in Ethereum, the #2 cryptocurrency,  and, as a result, network activity will also increase. Meaning that the total amount of ETH in circulation could decrease considerably, increasing the scarcity of an in-demand asset and putting upward pressure on its price.

With this in mind, our Ethereum price prediction forecasts that Ethereum could increase as much as 120% from its current ATH, leading ETH it to highs of $10,700 by the end of 2025.

Our average expected Ethereum coin price forecast is $7,600 and we predict potential lows of $4,500.

Ethereum Price Prediction 2030

Due to the turbulent nature of the cryptocurrency industry, it is difficult to say where Ethereum will be by 2030.

There is a possibility that Ethereum could see mass adoption, with governments, companies and individuals utilizing it for a wide array of use cases, from a means of payment to decentralized social media.

ethprice

On the other end of the spectrum, smart contract exploits or a global crackdown on decentralized cryptocurrencies with the intention of implementing central bank digital currencies could considerably stunt Ethereum’s growth.

Ethereum will undoubtedly face trials and tribulations in the future, yet it has the capacity to provides 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 emerging technologies, and there are 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 $4,500 $7,600 $10,700
2030 $7,400 $9,800 $12,200

What Do Other Analysts Predict for Ethereum?

Cryptocurrency data firm CoinCodex developed the Ethereum Rainbow Chart, which predicts Ethereum price to reach $28,700 by the end of 2025. This analysis is based on Ethereum’s price volatility and the cyclical nature of Bitcoin Halving induced price cycles which introduce extra supply-side pressure on Bitcoin and the rest of the crypto market every 4 years.

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.

According to NewsBTC, Ronghui Gu, CEO of CertiK, forecasts Ethereum at $30,000 to $50,000 by 2030.

It is also good to highlight a video made by Coin Bureau. This video highlights that the Ethereum Foundation has been selling at local tops recently and speculated that we could be at another currently, as they sent, $15 million in ETH to the Kraken exchange. This has indeed proven to be a local top, with Ethereum moving downward for the rest of the year.

What is Ethereum & What is it Used For?

Ethereum is a “smart contract” blockchain. A smart contract is a piece of code that executes automatically. The Ethereum blockchain is also decentralized, meaning that this code is host by a worldwide network of computers, each working independently to verify the execution of these smart contracts and transactions on the network. This decentralization helps to make the network, and the transactions executed, tamper-proof, transparent, and secure.

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, like NFTs. It is also the native coin pairing to swap for other tokens, such as ERC20 tokens, that are built on the Ethereum 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.

Ethereum Overview

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.

Cryptocurrency Ethereum
Ticker Symbol ETH
Rank 2
Price $2,046.30
Price Change 24H 0.60%
Market Cap $246,047,652,252
Circulating Supply 120,249,236 ETH
Trading Volume 24H $8.8B (4M ETH)
All Time High $4,891.70
All Time Low $0.4209

What Influences the Price of Ethereum

Unlike Bitcoin, Ethereum is a utility token. Although it is heavily influenced by Bitcoin’s price and other macroeconomic factors, there are many additional, crypto-specific influences on Ethereum’s price.

Also, the cryptocurrency and equities markets often move in unison. However, they have decoupled over the past year with many tech stocks like Apple (AAPL) reaching ATHs, while crypto remains in a bear market.

Moreover, macroeconomic conditions have improved recently, with inflation slowing and the FED halting interest rate hikes. However, many crypto prices, including Ethereum’s, have not positively reacted to this, why?

Firstly, government regulation is a massive concern for the whole of crypto at the moment, and applies downward pressure on prices. Especially when the SEC has put the two largest crypto exchanges directly in its crosshairs this summer by open lawsuits against them.

Secondly, crypto-specific issues, such as the collapse of FTX, LUNA, and, more recently, issues regarding layer two scaling solutions, have raised concerns and may have helped to hold Ethereum’s price down.

Another issue troubling Ethereum is smart contract and security risk. Although security is one of the widely touted features of Ethereum—because there is no centralized authority—the smart contracts on Ethereum can be written and deployed by anyone, with no prior audit or review. This, coupled with the novelty of the technology, has lead to multiple, high-profile hacks over multiple years. Q3 of 2023 saw $669 million lost to hackers across 184 security incidents. This can make people skeptical and can, consequently, have a negative impact on the price of ETH.

On the other hand, supply and demand are significant drivers of Ethereum’s price. With ETH now being a deflationary utility token, the combination of increased scarcity with increasing demand could boost its price in the months ahead.

Currently, there are over 380,000 daily active ETH addresses. However, Ethereum founder Vitalik Buterin said the Ethereum team is working to accommodate 500 million users in the near future, showing that there is anticipation of a highly increased demand for the network.

This level of demand, plus the deflationary nature of ETH, could have a huge positive impact on the price of ETH.

Is Ethereum a Buy?

According to our average Ethereum price forecast, we expect the price of Ethereum to reach $6,500 in 2024, a 217% increase on today’s price of $2046.30. With the bull market expected to peak in Q4 of 2025, our 2025 Ethereum price prediction estimates a high of $10,700, a 423% 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.

Where To Buy Ethereum?

The first step for investors looking to invest in Ethereum is to select an appropriate platform. Platforms like Coinbase and Kraken are leading options due to regulatory compliance and high-level security features.

Coinbase – Leading Crypto Exchange With Strong Security Measures, Offers 3000+ Cryptos

Coinbase is an established crypto exchange regulated in the U.S. With a user base of over 108 million in 100+ countries, it’s a trusted platform for trading over 3,000 cryptos. 

Users can buy top cryptos like Bitcoin and Ethereum and explore lesser-known altcoins and NFTs on the platform. The platform offers two trading modes, simple and advanced, to cater to different skill levels. 

Beginners will find the simple mode particularly intuitive, while experienced traders can switch to an advanced platform that succeeded Coinbase Pro in 2022, offering many cutting-edge tools and features.

Coinbase - Homepage

Through its “Earn” and “Learn” programs, Coinbase provides quick educational modules on various topics, from crypto basics to taxation. As a bonus, you can earn free crypto as you learn.

In addition to trading, Coinbase offers staking options on over 100 assets, allowing for passive income generation. 

The Coinbase Card, a prepaid Visa debit card, enables crypto spending and offers up to 4% back in crypto rewards.

Its highly-rated Android and Apple apps also offer a seamless mobile trading experience. These ensure that you can execute trades or check your portfolio whenever you want, wherever you are.

Coinbase uses strong security measures, including mandatory 2FA and Multiparty Computation (MPC) for online assets. 98% of customer funds are stored in cold storage. Moreover, like traditional banks, Coinbase also offers FDIC insurance up to $250,000.

The fee structure is tiered and varies with your trading volume and the trading mode you opt for. Simple trades can incur fees up to 3.99%, especially when using cards. 

Advanced trading offers a sliding scale of fees, which can go as low as 0.05% for trading volumes exceeding $500,000,000.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

Kraken – Offers Up to 5x Leverage With A Proof Of Reserves Audit System

Founded in 2011 and officially launched in 2013, Kraken has become one of the world’s most established crypto exchanges. The exchange supports many cryptos and is known for its proof of reserves audit system.

Kraken offers a selection of over 200 cryptos, including mainstream choices like Bitcoin and Ethereum, DeFi coins, and other less common options.

The exchange also stays up-to-date with layer-2 scaling solutions like the Lightning Network and Polygon, enabling quick and inexpensive transactions.

Traders on Kraken can benefit from up to 5x leverage on spot transactions, allowing them to control larger positions with smaller amounts of collateral.

Kraken

For instance, you can purchase $5,000 worth of BTC using only $1,000 in USD collateral. This feature is available in more than 100 markets, making it a versatile option for those looking to trade with leverage.

Spot trading fees start at 0.26% for market takers, but these can decrease with higher trading volumes. The average fee for those interested in margin trading is 0.02% every four hours the position remains open.

The platform charges a 3.75% fee for debit/credit card deposits, but ACH and wire transfers are more economical. 

It’s important to note that Kraken does not provide a proprietary crypto wallet, so users should plan their storage solutions accordingly.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

Conclusion

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 Coinbase as the place to buy ETH.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

References

FAQs

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Elliott Lee

Elliott is a British cryptocurrency journalist and copywriter. Having spent the past couple of years immersed in everything crypto, he now spends his time researching the most impactful cryptocurrency trends. He looks for projects with long-term visions and is a huge believer that blockchain technology can solve the world's most pressing issues.