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Ethereum (ETH) Price Prediction 2020-2030

Ethereum (ETH) price prediction

06 May, 2020
7 min read Eduardo Ricou

Ethereum is the second-largest cryptocurrency after Bitcoin with $20 billion in capital and $12 billion every day trading volume. It wouldn’t be wrong to say that Ethereum is as well-known around the world as Bitcoin. Some people use their smart contracts and technologies to improve their business, while others use it for everyday transactions.

There is also a particular group of people who trade this cryptocurrency. To them, the Ethereum price prediction is the most interesting piece of information. That’s why we’re going to look at its history and future opportunities.

What is Ethereum (ETH)?

Ethereum is both a cryptocurrency and decentralised environment that is transforming the IT industry. It was created by Vitalik Buterin and his team with one purpose: to give the world something better than Bitcoin.

Some brief information about Ethereum:

Project name

Ethereum

Found by

Vitalik Buterin in 2013, launched in 2015

Market Capacity

$20.13 billion

Market price

$184

Total supply 

Unlimited

Protocol

Proof-of-stake

Block time

13.4 s

Algorithm

Ethash

Github stars 

25,315

Official website

https://ethereum.org/

Ethereum main information

ETH’s main feature is smart contracts. They have changed the world of business because they allow you to get rid of intermediaries and provide complete control over fulfilling obligations. The Ethereum platform allows new altcoins and tokens to be launched on its blockchain. Moreover, it provides the possibility of creating decentralised applications that have become more popular nowadays.

Finally, it is one of the most popular cryptocurrencies among traders. It is listed on 95% of exchanges and has great volumes every day. To sum up, ETH can be considered BTC’s main competitor.

Ethereum (ETH) price analysis

Ethereum didn’t see any excitement for a long time. It was just considered another cryptocurrency on the market. Nevertheless, its price was bound to rise for many reasons, and that’s just what happened.

Ethereum price prediction
All-time Ethereum price charts

Why did it happen? Ethereum’s transactions are significantly bit faster than Bitcoin’s. Many people, therefore, migrated from the first-ever cryptocurrency. The Ethereum blockchain also provides an environment to create decentralised applications, or dApps, so it became very intriguing to developers.

The rise in interest for this cryptocurrency meant that someone had to find new blocks and verify transactions. Hence, many miners directed their hashrate from BTC to ETH. They found many new blocks, which created mining difficulty and increased mining cost.

ETH’s price history

The first-ever ETH tokens were created in 2014, but they were not listed on any exchange. However, during their implementation, the company got an income of $18 million. The first release of the Ethereum blockchain was in 2015. With its launch, ETH was added to some exchanges, but the price was below $1.

At the very beginning of 2016, it had its first growth. It was traded for $6 in the middle of February and even for $15 in the middle of March. The system was then hacked, and the company lost a third of all its capital. That is why it traded for $7.50 at the end of April 2016.

After that, the Ethereum team was able to return stolen money and upgraded their security systems. These measures had a positive effect on ETH’s price, which rose to $19 on 16 June 2016. However, the next day, it went down to $12. We can conclude that this rise to $19 was just a pump.

Ethereum price history
ETH price charts from its creation to the middle of 2016

After that, ETH held stable between $10 to $12. A hard fork took place in October 2016, which led to the emergence of Ethereum Classic. However, this situation didn’t affect the price.

ETH price changes

The first serious changes were made in 2017. First, in February, ETH was added to ETORO, which led to a $450 million increase in trading volume. In May, the value of ETH was $95. Within a month, it was trading for $400.

During the biggest pump in cryptocurrency history, ETH’s price rose to $1,352 per coin before crashing back down to $300. From that dump to today, its price has mostly been affected by general market trends. At the time of writing, one ETH is valued at $184.

ETH charts from the end of 2017 to now
ETH charts from the end of 2017 to now

ETH technical analysis

Ethereum broke through resistance at $170 and was going to break out past the $190 level before its price fell on 29 January. Today, this cryptocurrency needs much support to pass through its next levels of resistance.

The previous week (20-26 January) was very bearish, so ETH fell to $160. However, 27-31 January, it was mostly bullish. There was a lot of support, so ETH managed to break out of almost all resistance levels.

Now, Ethereum needs to rise back to $186. Otherwise, bears will take control, and its price may fall to $174, its main support level, while its major resistance level is $190.

1-day ETH technical analysis
1-day ETH technical analysis

We can see that moving averages are all about a strong buy, and the summary also indicates buy. That means ETH may get the necessary level of support from the market to break out of the $190 resistance.

Ethereum price prediction 2018

The beginning of 2018 saw a significant rise across all cryptocurrencies, which sparked many Ethereum price predictions. Some said that cryptocurrencies were very close to replacing fiat while others considered the surge was just a pump.

Nevertheless, experienced traders knew that price prediction begins with learning about history and different factors. While making forecasts, analysts used the following information:

  • ETH is essential for smart contracts.
  • ETH has no issues with the number of processed transactions.
  • Many countries don’t recognise ETH, so its regulation isn’t as good as for BTC.
  • More and more banks are focusing on ETH.
  • ETH is the second-most popular crypto on exchanges.

In addition, it was necessary to include possible risks:

  1. Despite fast growth, Ethereum was still liable to speculative activity.
  2. The possibility of hacking.
  3. The growing number of users may cause different technological problems.

Most issues could be resolved, so many experts predicted that Ethereum would rise by the end of 2018. The most positive forecast put ETH around $2,500; the most pessimistic saw ETH dropping by $1,500.

As we know today, they were all wrong. At the end of 2018, Ethereum’s price was about $137. Moreover, in December 2018, it showed the worst value for the whole year at -$86.

Ethereum price prediction 2019

At the very beginning of 2019, ETH’s price was $106. However, it experienced a fast rise and, in March, it traded for $140. Still, this wasn’t the best scenario, especially considering that this asset cost almost $1,400 at the beginning of January 2018.

Although the first predictions were negative, experts analysed several factors:

  • The protracted deep correction was going to end.
  • ETH’s price depends on BTC’s, which tends to rise.
  • Mining costs were on the rise.
  • The following Constantinople update would improve the system.
  • The functioning of smart contracts was improving.
  • Buterin said that he was going to achieve a network bandwidth of 100,000 transactions/sec.

Most factors showed that Ethereum would tend to rise in the future, so the market expected it to close at $500 or more at the end of 2019. However, there were some negative factors:

  • Ethereum had less capitalisation than Ripple/
  • Many projects were evolving and getting closer to ETH (e.g., Tron, Dash, BCH etc.).
  • Mining became more difficult, so miners changed their priorities to other cryptocurrencies.

All these points showed that Ethereum could be very unstable. The worst ETH value prediction was that this currency could fall to $70, and people would lose interest. Nevertheless, such a scenario was almost impossible because ETH smart contracts provide many opportunities for the whole world.

Ethereum (ETH) price prediction for 2020, 2021, 2025, 2030

The cryptocurrency market is very volatile, so it’s not easy to provide accurate forecasts for many years. However, many analysts have some thoughts about popular cryptocurrencies like Ethereum. Here are some Ethereum price prediction from experts.

Smartereum Ethereum price prediction for 2020, 2021, 2025, 2030

Smartereum’s experts think that ETH tends to drop. They emphasise that this asset is going down faster than any other cryptocurrency. The main concern is that investors are scared of such a downtrend, so they may not invest money in Ethereum.

That’s why the Ethereum price prediction from Smartereum is quite negative. They have claimed that this asset may go deep into double digits because the project has no more benefits or unique features compared to other systems.

Trading Beasts Ethereum price prediction for 2020, 2021, 2025, 2030

Trading Beasts’ forecasts are quite optimistic. They see smooth but constant growth until 2025. They believe that 2020 could close at $226 as a maximum price, 2021 at $306 and 2022 at $380. They also predict some minimums for each period. However, it may be less than today’s price in 2020, at just $148. The 2021 minimum could be at least $208 and may rise in the next few years.

WalletInvestor Ethereum price prediction for 2020, 2021, 2025, 2030

WalletInvestor’s technical analysis based on the last 30 days shows that Ethereum has a full bullish tendency. Nevertheless, they predict that Ethereum will fall in the near future. They believe its price may drop to $126 and won’t rise. Moreover, their analysis shows that ETH may crash. According to them, it won’t reach $1,000 or more within one or even five years.

Walletinvestor ETH price prediction
Walletinvestor ETH Forecast

LongForecast Ethereum price prediction for 2020, 2021, 2025, 2030

LongForecast’ ETH predictions are also negative. They see very unstable value in 2020 with month-to-month fluctuations from $200 to $125. The 2021 and 2022 Ethereum price predictions show that this asset will go into double digits. The worst maximum may be at the end of 2022 at $55. The following years might be better, but the price won’t hit $200.

DigitalCoinPrice Ethereum price prediction for 2020, 2021, 2025, 2030

DigitalCoinPrice provides the most positive Ethereum price prediction for the next 10 years. They believe that the coin may close 2020 at $348 and that its maximum value in 2026 could be $771. However, DCP believes that there will be a short drop between 2023 and 2024.

DCP ETH price prediction
DCP ETH price prediction

Ethereum (ETH) overall future price predictions

Just as Bitcoin is the first-ever cryptocurrency, Ethereum is the first-ever project to create smart contracts. That is why this cryptocurrency probably won’t crash in the future. Its positions are very strong today, and many people from the cryptocurrency community continue to believe in ETH.

Today, this system has many issues, so the value of Ethereum will be volatile in the short-term. Everything will depend on the ETH team. If they solve the main issues, ETH will gain a foothold. If not, the cryptocurrency’s value will dip into double digits.

How high can Ethereum go?

The cryptocurrency community knows that the Ethereum team is very talented, so they predict the best results. On forums, most people say that ETH will be the #1 platform for smart contracts.

Ethereum (ETH) overall future price predictions

However, some experts think that Ethereum smart contracts are losing their positions. Developers are out of ideas about improving the system without refusing the main principles of the ETH blockchain.

However, its price doesn’t just depend on the development team. There are many other factors, like news, Bitcoin trends, altcoin activity and more. Ethereum is a very interdependent project, so there will be many obstacles.

How far can ETH go? It has all the chances of breaking through the $200 level in the near future. The market is fully bullish, so the asset has excellent support. If this situation stabilises, we may see it hit $200 and even more.

In the following years, ETH may hit a maximum of $400. The only way to reach higher is through a pump. However, as we know, the bigger the pump, the bigger the correction will be. So, we should be realistic and predict that ETH won’t reach a stable $1,000 until at least 2025.

ETH price prediction today

Ethereum faced many problems varying from the technological to the fundamental, such as political news or the community’s sentiment. That’s why it’s very hard for this cryptocurrency to break out of each resistance level.

However, two things are obvious: ETH won’t crash, and it won’t lose its #2 ranking on Coinmarketcap. Therefore, its price won’t fall in the near future. What do you think?

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