Ethereum (ETH) Price Prediction
Ethereum is the second-largest cryptocurrency after Bitcoin with its $20 billion 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, others use it for their simple transactions.
There is also a very specific group of people who trade on this cryptocurrency. To them, the Ethereum price prediction is the most interesting piece of information. We are thus going to look at its history and future opportunities.
What is Ethereum (ETH)?
Ethereum is both a cryptocurrency and decentralized environment that is transforming the IT-sphere. It was created by Vitaliy Buterin and his team with one purpose – to give the world something that will be better than Bitcoin.
Some brief information about Ethereum:
VitaliyButerin in 2013, launched in 2015
Table 1. 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 exhaustive control of fulfilment of obligations.The Ethereum platform allows the launch of new altcoins and tokens on its blockchain. Moreover, it provides the possibility to create decentralized applications that have become more popular nowadays.
Finally, it is one of the most popular cryptocurrency among traders. It is listed on 95% of exchanges and has great volumes every day. To sum up, ETH can be considered as BTC’s main competitor.
Ethereum (ETH) Price Analysis
There wasn’t any agiotage near Ethereum for a long time. It was just considered “another one cryptocurrency in the market”. Nevertheless, its price was bound to rise for many reasons, and it happened.
Why did it happen? Ethereum’s transactions are quite a bit faster than Bitcoin’s. Many people therefore migrated from ‘the 1st ever cryptocurrency’. The Ethereum blockchain also provides an environment to create decentralized applications, 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 caused difficulty and growth in the mining cost.
ETH 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 was traded for $7.5 at the end of April 2016 .
After this, the Ethereum team was able to return stolen money and upgraded their security systems. These measures were positive for the price of ETH, which rose to $19 on 16 June 2016. However, the next day, it went down to $12. We may therefore consider that this rise to $19 was just a pump.
Then, there was a stable value between $10 to $12. There was a hard-fork in October 2016, which led to Ethereum Classic appearing. However, this situation didn’t affect the price.
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 ETH value was $95, and within a month, it was being traded for $400.
During the biggest pump in cryptocurrency history, the ETH price rose to $1,352 per coin, but then went back down to $300. From the following dump to these days, its price was mostly affected by general market trends. Today, its price is $184.
ETH Technical Analysis
Ethereum passed through the resistance of $170 and was going to break out the $190 level, but its price fell on 29 January. Today, this cryptocurrency needs a great support to pass through its next levels of resistance.
The previous week (20-26 January) was very bearish, so ETH fell to $160. But this week (27-31 January) was mostly bullish. There was a lot of support, so ETH could break out at almost all levels of resistance.
Now, Ethereum needs to rise back to $186. Otherwise, bears will take control and its price may fall to $174. It is the main support level, while the major resistance level is $190.
We can see that moving averages are all about a strong buy and the summary is also about buy. Hence, it’s possible that ETH will get the necessary level of support from the market and will break out of the $190 resistance.
Ethereum Price Prediction 2018
2018 began with the great rise of all cryptocurrencies, so there were many opinions about the Ethereum price prediction. Some said that cryptocurrencies were very close to replacing fiat, others considered that the rise was just a pump.
Nevertheless, experienced traders knew that price prediction begins with learning about history and different factors. While making forecasts, analytics used the following information:
- ETH is essential for smart contracts;
- ETH has no issues with the number of processed transactions;
- ETH isn’t recognized by many countries, so there isn’t as good regulation 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:
- Despite fast growth, Ethereum was still liable to speculative activity.
- The possibility of hacking.
- The growing number of users may cause different technological problems.
Most issues could be solved, so many experts predicted that Ethereum would rise to the end of 2018. The most positive forecast was about $2,500 and the worst was -$1,500.
As we know today, all of them were wrong. At the end of 2018, the Ethereum 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, its price was $106, but there was a fast rise and, in March, it was traded for $140. Nevertheless, 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:
- protracted deep correction was going to end;
- ETH price depends on BTC, which tends to rise;
- rise in mining cost;
- the following Constantinople update would improve the system;
- improving the functioning of smart contracts;
- 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 capitalization 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 down 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 unstable, so it is very difficult to provide accurate forecasts for many years. However, many analytics have some thoughts about popular cryptocurrencies like Ethereum. Thus, here are some Ethereum price prediction from experts.
Smartereum Ethereum Price Prediction for 2020, 2021, 2025, 2030
Smartereum experts think that ETH is tends to fall down. They emphasize 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 into Ethereum.
That is 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 positive. They see smooth but permanent 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 should be at least $208 and will rise in the next few years.
WalletInvestor Ethereum Price Prediction for 2020, 2021, 2025, 2030
The WalletInvestor 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. Of course, it won’t reach $1,000 or more within one, or even five years.
LongForecast Ethereum Price Prediction for 2020, 2021, 2025, 2030
LongForecast predictions are also negative for ETH. They see very unstable value in 2020 with month to month fluctuations from $200 to $125. The 2021 and 2022 price predictions for Ethereum 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 2020 may close at $348 and the maximum value could be in 2026 at a price point of $771. However, DCP consider that there will be a short drop between 2023 and 2024.
Ethereum (ETH) Future Price Predictions in General
Just as Bitcoin is the first ever cryptocurrency, Ethereum is the first ever project that realized smart contracts. That is why this cryptocurrency probably won’t crash in 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 very unstable in the near future. Everything will then depend on the ETH team. If they solve the main issues, ETH will gain a foothold. If not – it will go 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 the #1 platform for smart contracts.
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, alternative coins activity and more. Ethereum is a very dependent project. There will therefore be many obstacles.
How far can it go? ETH has all the chances to breakout of the $200 level in the near future. The market is full bullish, so the asset has great support. If this situation stabilises, we may see $200 and even more.
In the following years, ETH may hit a maximum of $400. The only way to reach more is 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 attitude. That is why it is very hard to break out of each level of resistance for this cryptocurrency.
However, two things are obvious: ETH will not crash and ETH will not lose its #2 ranking on Coinmarketcap. Therefore, its price won’t fall down in the near future. What do you think?
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