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Ethereum price prediction 2024-2030: Will ETH reach $5,000 soon?

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Key takeaways

  • Our Ethereum price prediction anticipates a high of $5,467.79 by the end of 2024.
  • In 2025, it will range between $5,408.68 and $6,516.74, with an average price of $6,404.21.
  • In 2030, it will range between $16,966.93 and $18,614.17, with an average price of $17,693.50.

The Ethereum blockchain is accessible to everyone and built to support scalability, programmability, security, and decentralization, allowing for the creation of any secure digital technology. Its native digital currency, ether (ETH), has attracted investors’ recognition and interest, while developers appreciate its utility in developing blockchain and decentralized finance applications.

So, what can traders and investors expect in the coming months and years? “Is ETH likely to go up? What will ETH be worth in 5 years?”

Let’s get into the details by exploring Ethereum’s price predictions from 2024 through 2030.

Overview

Cryptocurrency Ethereum
Token ETH
Price $2,219.86
Market Cap $267,086,930,607
Trading Volume $22,192,824,257
Circulating Supply 120,317,181 ETH
All-time High $4891.70 on Nov 15, 2021
All-time Low $0.4209 on Oct 21, 2015
24 High $2,406.51
24 Low $2,209.04

Ethereum price prediction: Technical analysis

Metric Value
Volatility 3.70%
50-day SMA $ 2,853.29
200-day SMA $ 3,182.80
Sentiment Bearish
Fear and Greed Index 22 (Extreme Fear)
Green days 13/30 (43%)

Ethereum price analysis

ETH/USD 1-day chart

ETH/USD 1-Day price chart

On September 06, the Ethereum (ETH/USD) daily chart shows a bearish trend, with the current price at $2,222.3, down by 6.13%. The price is below the 20-day simple moving average (SMA) of $2,550.9, and Bollinger Bands are expanding, indicating increased volatility. The Relative Strength Index (RSI) is at 40.45, moving toward oversold territory, suggesting further downward momentum. Support levels to watch are around $2,200 and $2,000, while resistance lies near $2,550.9 and $2,822.3. A sustained move below $2,200 may lead to further declines, while a reversal above $2,550.9 could indicate potential recovery.

ETH/USD 4-hour chart

ETH/USD 4-Hour price chart

The Ethereum (ETH/USD) 4-hour chart indicates a slight recovery, with the current price at $2,226.3, up by 0.25%. The Balance of Power (BoP) indicator is at 0.49, suggesting moderate buying pressure. The Moving Average Convergence Divergence (MACD) shows bearish momentum, with the MACD line at -15.6 below the signal line at -38.8, and both are well under zero, indicating a strong downtrend. If Ethereum maintains support above $2,220, it might stabilize; however, breaking below this level could lead to further declines. Resistance levels to monitor are around $2,300 and $2,400 for any potential upward move.

Ethereum technical indicators: Levels and action

Daily simple moving average (SMA)

Period Value ($) Action
SMA 3 $ 2,488.84 SELL
SMA 5 $ 2,481.48 SELL
SMA 10 $ 2,500.87 SELL
SMA 21 $ 2,643.62 SELL
SMA 50 $ 2,853.29 SELL
SMA 100 $ 3,147.39 SELL
SMA 200 $ 3,182.80 SELL

Daily exponential moving average (EMA)

Period Value ($) Action
EMA 3 $ 2,572.62 SELL
EMA 5 $ 2,593.49 SELL
EMA 10 $ 2,621.44 SELL
EMA 21 $ 2,720.68 SELL
EMA 50 $ 2,948.59 SELL
EMA 100 $ 3,099.33 SELL
EMA 200 $ 3,046.63 SELL

What can you expect from ETH price analysis next?

Based on the daily and 4-hour charts, Ethereum (ETH/USD) is in a bearish trend, with downward pressure evident in both time frames. The daily chart shows a drop below the 20-day SMA, with the RSI nearing oversold conditions, signaling potential continuation of the decline. The 4-hour chart, however, shows a slight recovery with moderate buying pressure indicated by the Balance of Power. The MACD remains bearish, suggesting weak momentum. If Ethereum breaks below the key support level of $2,200, further declines are likely. Conversely, a rebound above $2,300 could signal a short-term recovery, though caution is advised.

Is ETH a good investment?

Ethereum is the largest DeFi hub with a vibrant layer-two ecosystem in the crypto market. The blockchain constantly develops, making it a go-to choice for many web3 developers. ETH, its native token, shows promise, and the possibility of an Ethereum ETF approval makes it favorable for day traders. Over the long term, explore our price predictions.

Why is ETH down?

Ethereum’s price decreased by 4.34 percent over the last 24 hours as it reached support at $3,100. ETH has stepped below its first local support level. However, if the selling impulse continues, it will challenge the $3,000 support.

Will ETH reach $5,000?

ETH will join the rally if the broader cryptocurrency market turns bullish. As the coin runs mostly on positive developments in its ecosystem, it is expected to touch this level by August 2024.

Will ETH reach $20,000?

Considering Ethereum’s current value, $20,000, it is still a far-reaching target. However, the robust community support and favoritism for this specific coin can push it to the $20,000 level by 2029.

Will ETH reach $25,000?

Despite the risk involved with crypto pairs like Ethereum, they can still shoot up on positive momentum. The market speculates that Ethereum will reach the $25,000 level by 2033. Though the time is considerable, it is worth holding for handsome profits.

Does Ethereum have a good long-term future?

Most well-known altcoins are trading at lower levels, but ETH is trading above its average price of the last two years. However, a positive outbreak can be expected. The ETH/USD pair is expected to reach the $25,000 mark by 2030, so holding it for longer can be beneficial.

Recent news/ updates

Ethereum recently revealed that it is launching Devcon SEA Community Hubs. According to this announcement, the Hubs will help organize discussions and activations at Devcon about topics related to the Ethereum ecosystem. 

The layer-2 ecosystem IS growing rapidly and becoming ubiquitous, contrary to some bearish claims, said Ethereum community member Ryan Berckmans in a post on X. The comment was in response to a post from Movement Labs founder Rushi Manche, who said, “EVM L2s will go to zero. they mostly all suck compared to SOL.”

Berckmans commented that the L2 ecosystem is still “growing like crazy,” citing ecosystem analytics platforms such as L2beat before adding, “Coinbase made an EVM L2. So did Worldcoin. So did Immutable X.”

Ethereum price prediction September 2024

The Ethereum price is likely to remain stable throughout August. It is currently trading at $2,516.15, which is speculated to be the average monthly price.

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
September 2024 $ 2,516.15 $ 2,516.15 $2,516.15

ETH price prediction 2024

By 2024, Ethereum’s average market price is expected to be $5,257.79, with a potential low of $2,257.96 and a potential high of $5,467.79.

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 $2,257.96 $5,257.79 $5,467.79

Ethereum price prediction 2025 – 2030

Year Potential Low ($) Average Price ($) Potential High ($)
2025 $5,408.68 $6,404.21 $6,516.74
2026 $7,422.63 $8,882.38 $9,138.08
2027 $9,675.75 $11,372.90 $11,428.72
2028 $9,675.75 $11,372.90 $11,428.72
2029 $11,927.37 $12,943.57 $13,694.60
2030 $16,966.93 $17,693.50 $18,614.17

ETH price prediction 2025

Ethereum network is expected to continue its upward trend in 2025, potentially reaching an all-time high of $6,516.74. However, there could be fluctuations, and the ETH coin price might dip to $5,408.68, with an average price of around $6,404.21.

ETH price prediction 2026

The Ethereum coin market price is expected to peak at $9,138.08. However, it might fall to $7,422.63, with an average of $8,882.38.

ETH price prediction 2027

The forecast speculated that ETH might hit a new all-time high of $11,428.72 by 2027. On the lower end, corrections may pull the price to $9,675.75, with an expected average trading price of around $11,372.90.

ETH price prediction 2028

In 2028, Ethereum’s market price might stabilize at $11,428.72 while maintaining the same average trading price of around $11,372.90, with the minimum value of $9,675.75, the same as in 2027.

ETH price prediction 2029

Ethereum is expected to reach an all-time high of $13,694.60 by 2029. However, it could fall to $11,927.37, with an average price of $12,943.57.

ETH price prediction 2030

At the end of this decade, 2030, Ethereum is projected to hit a high of $18,614.17. In the event of a price correction, it could drop to $16,966.93, with an average of $17.693.50.

Ethereum market price prediction: Analysts’ ETH price forecast

Firm Name 2024 2025
Coincodex $ 6,670.08 $ 6,710.43
Changelly $4,773.52 $7,194.28
CryptoPredictions $3,091.95 $3,138.45

Cryptopolitan’s Ethereum (ETH) price prediction

At Cryptopolitan, we are bullish on Ethereum future price as the historical market sentiment is extremely impressive. By the end of 2024, Ethereum might record a maximum price of $5,467.79, with a minimum price of $2,257.96 and an average price of $5,257.79.

However, the future market potential for Ethereum entirely depends on its buying demand, regulation, and investor sentiment in long-term holding. It is important for Ethereum users do your own research before investing in this cryptocurrency.

Ethereum historic price sentiment

2016

  • March 13: Gradual price climb with Ethereum trading at around $1.83.
  • June 16: Ethereum surpasses a $1 billion market cap, price spikes to $14.48.
  • June 18: Price crashes by over 45% after the DAO hack, resulting in a $50 million loss, falling to $11.33.
  • December 5: Ethereum hard fork in response to DAO hack, price drops to $6.83​​.

2017

  • March 16: Prices rebound to around $46.35, driven by enterprise adoption news.
  • May 6: Price more than doubles to $97.81, amid broader industry growth.
  • June 12: Sharp increase to $401.49, spurred by ICO boom.
  • July 16: Price drops to $157.36, amidst concerns of a crypto bubble.
  • September 15: Price recovers to $253​​.

2018

  • January 10: Ethereum breaks the $1,000 mark; prices later slide to $357.89 by April 1.
  • December 6: Price dips below $100 to $91.01​.

2020 to 2022

  • Throughout 2020: Fluctuating prices with a high of $735 and low of around $130.
  • 2021: Significant growth, starting the year at $737, peaking at $4,293.56, and facing a turbulent end with a decline to $3,679.01.
  • 2022: Volatility continues, with prices eventually dropping to $1,196 by year-end​​.

2023 to 2024

  • Early 2023: Prices start around $2,539, with minor fluctuations.
  • Late 2023 to early 2024: Gradual decline to around $2,237 in January 2024, followed by minor recoveries.
  • March 2024: Prices surge briefly to around $3,595.
  • Early May 2024: Price stabilizes around $3,117​
  • Late June 26 ETH price traded at $3,368.89 and on July 30 it reached $3,278.69
  • On 27, August the price dropped to $2,458.9 showing the volality of the coin.





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