Where Could Ethereum Reach Next?
Ethereum holds a bright future as it is not just a transactional currency but eventually, it is on the path of establishing itself as a “store of value” for those entities which are looking to optimize their wealth. ETH functions very well with DApps, NFTs, smart contracts, and DeFi and the list keeps growing every year.
As long as the network keeps becoming stronger and the ETH team continues to develop innovative features, its investors will likely continue to grow in the years to come. Let’s check out the long-term price predictions of Ethereum.
Ethereum Prediction for 2024, 2025 and 2030
As of May 6, 2024, Ethereum is trading at $3,202, with a market capitalization of $384.09 billion. The currency has exhibited significant growth following the Shapella upgrade in April 2023 and has experienced a substantial increase from $2,100 to $4,000. However, the Dencun upgrade has not significantly impacted the cryptocurrency’s value. ETH is down by 3.92% from the past month.
The ongoing interest in Spot Bitcoin ETFs has spurred anticipation Ethereum ETFs may also get an approval. Following the Dencun upgrade that was launched on March 13, 2024, the total supply has declined and the upgrade did not bolster the surge that the market had anticipated. ETH has increased 0.80% in the last seven days and 1.78% in the last 24 hours.
According to Cryptonewz, by the end of the current year 2024, ETH will touch $5,000. By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500.
The current year will witness the Dencun upgrade, which is anticipated to positively boost the value of ETH. Also, Bitcoin Halving can also be a contributing element to the growth of the ETH trading value. If ETH keeps on growing, it has the potential to overcome its all-time high.
According to a blog by a leading cryptocurrency exchange CoinDCX, it is anticipated that 2024 may lay a firm foundation for ETH’s upward movement. The upswing could intensify, potentially pushing prices to surpass the crucial $10,000 and setting a new all-time high. But, bearish activity could increase as these levels are breached leading to promoting a modest pullback. By the year-end, the pullback will witness a downtrend and eventually the year will close in the range of $5,000.
At the beginning of the year 2030, ETH price could reclaim its position of $10,000 and probably above the level, establishing a robust upward trend. ETH might even bypass this all-time high of around $12,000 levels and set a new record. But, again after reaching this peak, a crucial pullback might ensue. The year for ETH will reflect the dynamic interplay of encompassing bullish surges, market forces and bearish adjustments. By the end of the year, it might range around $9,000 to $9,500.