Ethereum Price Prediction Highlights
Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Cryptocurrency symbol: ETH.
Ethereum price prediction highlights:
- ETH is forecasted to find support at $2595.86 and resistance at $2595.86 in May 2024.
- Throughout 2024, analysts predict a minimum price of $2163.33 and maximum $2163.33, averaging $2885.98.
- Today, ETH trades at 2973.444. Tomorrow, it is forecasted to move to 2981.760, a change of 0.28%.
- When compared to the Ethereum price predictions lows of 2024 at 2163.33 it looks like a buy the dip opportunity is underway.
- The US Dollar is Ethereum’s leading indicator is working on a breakout. A breakout in the USD would bring Ethereum to values that are consistent with the ETH price predictions outlined on this page.
Table of contents
Ethereum Price Prediction 2024
In 2024, Ethereum (ETH) is expected to see a support level at $2,163.33 and a resistance level up to $3,707.43. With an average price projection of $2,885.98, Ethereum might experience a downward adjustment from its current price of $2,976.50, suggesting a potential buy opportunity.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| May 2024 | $2818.82 | $3143.37 | $3707.43 |
| June 2024 | $2163.33 | $2735.12 | $3069.22 |
| July 2024 | $2225.31 | $2708.14 | $3064.52 |
| August 2024 | $2249.95 | $2553.8 | $2842.84 |
| September 2024 | $2414.58 | $2877.31 | $3238.98 |
| October 2024 | $2678.47 | $3162.48 | $3519.74 |
| November 2024 | $2674.37 | $2983.12 | $3300.73 |
| December 2024 | $2497.97 | $2924.47 | $3407.67 |
InvestingHaven’s Ethereum Price Forecast for 2024
The ETH price prediction tables above were generated using one of the best (if not THE best) predictive price algorithms currently available. This data science model takes a conservative market outlook due to the fact that the majority of online content has a hype/commercial focus, with sensationalist media headlines.
So we qualify the general outlook with deeper insights. For ETH, we previously predicted a price of above $3,525 around April/May 2024, when it traded at $2,300. It traded at $3,600 on the first of April. This was based on proprietary forecasting techniques combining time and price. We actually published the first Ethereum forecast in the world.
So we’ve combined the best of predictive models with the best trading analysis for price predictions you simply won’t find elsewhere.
InvestingHaven’s forecaster on the price of Ethereum in 2024:
InvestingHaven’s Ethereum price forecast for 2024 is based on the bullish cup and handle chart formation. ETH should drop to its 50% retracement level $2,250 in order to be bullish. A drop to $2,250 should offer an epic buy opportunity in 2024. ETH price today 2973.444.
Ethereum Price Prediction 2025
For 2025, Ethereum (ETH) is forecasted to hold steady with a support price of $2,163.33 and a resistance price of $3,707.43, mirroring 2024’s forecast. The average price is anticipated to be $2,958.56, indicating a year of stability and moderate growth potential from its 2024 levels.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2025 | $2163.33 | $2958.56 | $3707.43 |
InvestingHaven’s Ethereum Price Forecast for 2025
The weekly ETH chart highlights the most likely pattern to unfold in 2025. It starts with a retracement in 2024 so a cup and handle can be created. If ETH will fall to $2,250 which is the 50% retracement level connecting Ethereum’s ATH and 2022 lows it will be super bullish evolution for Ethereum in 2025.
Below is the chart that suggests a cup is complete, and ETH is starting to work on the ‘handle’. This, if materialized, will be super bullish for ETH in 2025.
InvestingHaven’s forecaster on the price of Ethereum in 2025:
InvestingHaven’s top analyst has a very bullish ETH forecast 2025. If the area $2,050 to $2,300 holds strong on a 3-week closing basis, ETH will resolve higher in 2025. The current long term bullish chart pattern has bullish targets in the $5,000 to $9,000 area provided support is respected.
Ethereum’s Leading Price Indicator
Probably, by far the most important leading indicator of Ethereum’s price is the US Dollar. Trends on the USD chart are inversely correlated to both BTC and ETH. As seen on below chart, the USD peaked in Oct of 2023 exactly when the crypto market started its uptrend. This is no surprise.
The USD needs to be watched closely in 2024. As seen, the chart pattern that is unfolding on the USD chart is increasingly bullish, sort of a W-reversal. The big breakout area is 106.6-107.7 points. Once above that area, which is the 50% retracement level, the proverbial ‘line in the sand‘, we see a bullish trend unfolding in the USD which is bearish for ETH.
The good news – a drop in ETH will qualify as a BUY THE DIP opportunity. As per our timeline calculation, we expect this opportunity to occur in the period September-October of 2024.
| Symbol: ETH |
| Name: Ethereum |
| Price: $2973.44 |
| Circulating supply: 120094013.28 |
| Total supply: 120094013.28 |
| Volume 24h: 12229313730.76 |
| Percent change 1h: -0.298% |
| Market cap: 357092798264.05 |
Ethereum Price Predictions Till 2030 – Annual Highs & Lows
Experts forecast significant fluctuations for Ethereum between now and 2030. ETH predictions indicate a minimum price of $2,163.33 and maximum of $4,861.07. This represents an opportunity for long term buy-and-hold investors but more so for investors speculating on swings to maximize the number of Ethereum tokens over time.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| ETH price 2024 | $2163.33 | $2885.98 | $3707.43 |
| ETH price 2025 | $2163.33 | $2958.56 | $3707.43 |
| ETH price 2026 | $2294.03 | $3471.22 | $4861.07 |
| ETH price 2027 | $2596.54 | $3655.85 | $4226.16 |
| ETH price 2028 | $2545.15 | $3124.2 | $3650.31 |
| ETH price 2029 | $2454.53 | $2917.72 | $3429.88 |
| ETH price 2030 | $2367.51 | $2990.39 | $3567.5 |
Very Short Term Ethereum Price Prediction
Over the next 30 days, Ethereum is predicted to see a price range between $2595.86 and $3187.50. Analysts forecast an average price point of $2,891.68 for ETH, indicating potential stability amid fluctuations within this predicted price band.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| May 3, 2024 | $2899.92 | $2988.66 | $3067.73 |
| May 4, 2024 | $2870.79 | $2981.76 | $3076.71 |
| May 5, 2024 | $2831.26 | $2928.45 | $3013.6 |
| May 6, 2024 | $2855.75 | $2935.99 | $3009.51 |
| May 7, 2024 | $2886.46 | $2972.98 | $3058.89 |
| May 8, 2024 | $2903.77 | $3013.22 | $3107.51 |
| May 9, 2024 | $2892.54 | $2973.97 | $3064.02 |
| May 10, 2024 | $2952.8 | $3050.23 | $3138.16 |
| May 11, 2024 | $2920.1 | $3024.37 | $3107.79 |
| May 12, 2024 | $2959.43 | $3054.83 | $3138.29 |
| May 13, 2024 | $2999.68 | $3094.98 | $3187.5 |
| May 14, 2024 | $2862.43 | $2990.12 | $3100.93 |
| May 15, 2024 | $2838.51 | $2924.62 | $2999.66 |
| May 16, 2024 | $2818.82 | $2906.38 | $2981.44 |
| May 17, 2024 | $2613.96 | $2699.41 | $2774 |
| May 18, 2024 | $2595.86 | $2673.37 | $2745.27 |
| May 19, 2024 | $2694.49 | $2758.88 | $2829.6 |
| May 20, 2024 | $2786.04 | $2872.33 | $2954.83 |
| May 21, 2024 | $2769.52 | $2873.6 | $2963.07 |
| May 22, 2024 | $2724.14 | $2822.77 | $2907.5 |
| May 23, 2024 | $2810.45 | $2894.15 | $2987.37 |
| May 24, 2024 | $2822.68 | $2913.29 | $2994.65 |
| May 25, 2024 | $2767.18 | $2873.25 | $2961.32 |
| May 26, 2024 | $2682.15 | $2777.08 | $2854.76 |
| May 27, 2024 | $2682.65 | $2777.19 | $2865.5 |
| May 28, 2024 | $2810.01 | $2895.95 | $2980.15 |
| May 29, 2024 | $2763.89 | $2832.04 | $2903.63 |
| May 30, 2024 | $2731.48 | $2810.7 | $2882.98 |
| May 31, 2024 | $2700.98 | $2788.38 | $2872.5 |
| June 1, 2024 | $2755.24 | $2839.41 | $2916.53 |
Very Long Term Ethereum Price Predictions
Ethereum Prediction 2026
In 2026, ETH price predictions suggest a support level at $2,294.03 and a maximum resistance level at $4,861.07. The average expected price is $3,471.22, indicating a strong upward potential for Ethereum investments.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2026 | $2294.03 | $3471.22 | $4861.07 |
ETH Price Forecast 2027
By 2027, Ethereum is anticipated to reach a minimum price of $2,596.54 and could climb to a maximum price of $4,226.16. The average price throughout the year is expected to remain around $3,655.85, reflecting sustained market strength.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2027 | $2596.54 | $3655.85 | $4226.16 |
ETH Price Prediction 2028
Predictions for Ethereum in 2028 indicate a support price of $2,545.15 and a resistance price of $3,650.31. The average trading price for ETH is expected to stabilize at $3,124.20, aligning with market predictions for steady growth.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2028 | $2545.15 | $3124.2 | $3650.31 |
ETH Forecast 2029
For 2029, Ethereum is forecasted to hold a support level at $2,454.53 and face a resistance level at $3,429.88. The average price of ETH is projected to be $2,917.72, suggesting a cautious outlook compared to previous years.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2029 | $2454.53 | $2917.72 | $3429.88 |
ETH Prediction 2030
Looking to 2030, Ethereum (ETH) is forecasted to experience a support level of $2,367.51 and a resistance level of $3,567.50. The average trading price is projected to be $2,990.39, highlighting continued interest and investment in Ethereum as a leading cryptocurrency.
| ETH prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2030 | $2367.51 | $2990.39 | $3567.5 |
Ethereum Historical Prices
2013: The Birth of Ethereum
In 2013, the cryptocurrency landscape was dominated by Bitcoin, which had a focus on payments only. Vitalik Buterin, a young programmer, proposed a new platform that would revolutionize the blockchain world in many ways. Ethereum was born, offering not just a digital currency but a decentralized platform for smart contracts and decentralized applications (dApps).
2014: A Humble Beginning
Ethereum faced a slow start in the market. Its price hovered around $0.30 per ETH at its ICO and for most of 2014, with limited trading volume and investor interest. Despite the skepticism from some quarters, the Ethereum team continued to develop the platform, laying the groundwork for future growth. Initially, one ETH was equivalent to about 2000 BTC. This is now closer to 20.
2015: The Genesis Block
2015 marked a significant turning point for Ethereum. The platform’s developers released the Frontier network, allowing users to mine and trade ETH. Prices remained relatively stable throughout the year, ranging between $0.50 and $3.00 per ETH. The focus was on building a robust ecosystem and attracting developers to create innovative applications on the platform.
2016: The Rise of Ethereum
As Ethereum gained traction, its price began to climb steadily. In early 2016, ETH was trading at around $1.00, but by the end of the year, it had surged to over $8.00 per token. Growing investor confidence in Ethereum’s potential to disrupt traditional industries and enable new forms of digital interaction fueled investor sentiment. 2016 also saw a huge split with the collapse of the DAO, resulting in Ethereum Classic.
2017: The ICO Boom
The year 2017 saw Ethereum catapulted into the spotlight as the platform of choice for ICOs, and it really took off. Hundreds of projects launched their tokens on the Ethereum blockchain, driving up demand for ETH. Prices skyrocketed initially but tumbled soon thereafter, with ETH falling below $100 by the end of the year. It started a “Crypto Winter” and people had to reevaluate their strategies.
2018: Reevaluation of The ICO Model
In 2018, the price of Ethereum experienced significant volatility, mirroring the broader cryptocurrency market. ETH reached an all-time high of over $1,400 in January before undergoing a sharp correction, falling below $400 by April. Regulatory uncertainty, security concerns, and the bursting of the ICO bubble influenced market sentiment. In spite of a harsh reality check for many, development continued and Ethereum moved forward.
2019: Consolidation and Recovery
Developers focused on improving the platform’s scalability and usability, laying the foundation for future growth. Prices remained relatively stable throughout 2019, fluctuating between $100 and $300 per ETH. This period of consolidation allowed the Ethereum community to regroup and prepare for the next phase of development. This was also the start of a wider COVID-19 pandemic which triggered wider economic collapse.
2020: DeFi Explosion
In 2020, Ethereum emerged as the backbone of the decentralized finance (DeFi) movement. A wave of projects leveraging smart contracts and decentralized exchanges proliferated, driving demand for ETH. Prices surged once again, reaching over $600 per token by the end of the year. The explosive growth of DeFi highlighted Ethereum’s potential to disrupt traditional finance and usher in a new era of decentralized applications.
2021: The NFT Craze
The year 2021 witnessed another boom in Ethereum’s price, fueled in part by the rise of non-fungible tokens (NFTs). Artists, creators, and collectors flocked to Ethereum’s blockchain to buy, sell, and trade digital assets, pushing ETH prices to new all-time highs. By May 2021, ETH had surpassed $4,000 per token, propelled by the growing mainstream adoption of NFTs and continued interest in DeFi. Ultimately, the NFT industry would go through a similar boom, bust, and recovery as the ICO model, with multiple scams and overvalued trades taking place.
2022: Market Volatility
In 2022, Ethereum faced increased volatility as regulatory uncertainty and macroeconomic factors weighed on the cryptocurrency market. Prices fluctuated between $1,500 and $3,000 per ETH, reflecting the broader instability in global financial markets. Despite the challenges, Ethereum’s underlying fundamentals remained strong, with ongoing development efforts and growing institutional interest supporting its long-term outlook.
2023: Maturing Market
By 2023, the cryptocurrency market had matured significantly, with Ethereum firmly established as a leading blockchain platform. Prices stabilized around $2,500 to $3,500 per ETH, reflecting a more balanced market sentiment and investor confidence. Continued innovation in DeFi, NFTs, and other blockchain applications further solidified Ethereum’s position as a key player in the digital economy.
Looking Ahead
As we look ahead to the future, Ethereum continues to face both opportunities and challenges. Scalability remains a pressing issue, with the upcoming transition to Ethereum 2.0 expected to address these concerns. Institutional adoption of Ethereum is also on the rise, with major corporations and financial institutions exploring the potential of blockchain technology.
Conclusion
Ethereum has emerged as a leading blockchain platform, powering a wide range of decentralized applications and digital assets. We think Ethereum is a great token and has an excellent future, especially with all of the scalability solutions coming into the market such as zkSync Account Abstraction and gas-fee reduction. ETH could easily hit $10,000 in the next 24 – 36 months.
FAQs
What are the main factors affecting the fluctuation of Ethereum’s price?
The price of ETH is influenced by various factors such as market demand and supply, investor sentiment, regulatory changes, and broader economic trends. The main factors that affect the ETH price is investor sentiment in the short term. Ethereum could see a price increase if ETH spot ETFs are approved.
How does the total supply of ETH impact its price?
The total supply of ETH, referring to the total number of ETH tokens in circulation, plays a crucial role in determining its price. The total supply of ETH stood at approximately 115 million tokens as of April 2024. The scarcity of ETH tokens, coupled with increasing demand, can drive up its price, as witnessed during the 2017 bull run when ETH surged to $1,400.
What role do institutional investors play in influencing the price of ETH?
Institutional investors, including asset managers and investment firms, have a significant impact on the price of ETH. Their entry into the cryptocurrency market, marked by initiatives such as the launch of ETFs, has contributed to increased liquidity and market stability. A great way to track crypto prices is by looking at where whale traders are placing their bets.
How do technological upgrades like Ethereum 2.0 affect the price of ETH?
Ethereum 2.0, a major upgrade to the Ethereum network aimed at enhancing scalability and security, has the potential to significantly impact the price of ETH. Ethereum’s consensus mechanism change along with the implementation of scalability solutions, should reduce transaction fees and increase network efficiency, thereby driving up demand for ETH.
How does market sentiment affect the price of ETH?
Market sentiment, encompassing investors’ attitude and outlook, has a significant influence on the price of ETH. Positive sentiment, fueled by optimism about Ethereum’s technological innovations and adoption potential can lead to increased buying activity and upward price momentum. Negative Ethereum sentiment can trigger price declines.