Ethereum Price Prediction 2023 – up to $2,316
Ethereum Price Prediction 2026 – up to $7,554
Ethereum Price Prediction 2029 – up to $24,736
Ethereum Price Prediction 2032 – up to $76,950
How much is Ethereum worth?
The Ethereum price today is $2,359.95, with a 24-hour trading volume of $10,947,912,332. Ethereum is up 0.38% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $283,708,648,659. It has a circulating supply of 120,217,878 ETH coins, and the max. supply is not available.
Ethereum price analysis: ETH plummets to $2,359 after a slight bearish trend
Ethereum price analysis shows a downtrend in the ETH market.
ETH trades in the red zone, dropping to $2,359 in the past hours.
Support for the cryptocurrency is seen at $2,340.
Ethereum price analysis for 10th December 2023 reveals that the ETH market is in a bearish trend after a slight downtrend in the past 24 hours. The cryptocurrency dropped to $2,359 from its previous high of $2,401, showing a decrease of 1,94%; however, over the past week, ETH has still seen a gain of 18%. The bullish trend in the past weeks saw ETH reach an all-time high of $2,401, but the current market sentiment has caused a slight pullback.
ETH/USD 1-day price chart: ETH breaks below the $2,400 mark after a bearish market trend
Ethereum price analysis for the past 24 hours shows that ETH has been consolidating between $2,340 and $2,401, indicating a tight range. The market for ETH opened today’s session at $2,367, and since then, the bears have been ruling the market, pushing the price lower to $2,359.
The technical analysis reveals that ETH/USD might be setting up for a bearish trend shortly, as more selling pressure is expected in the coming hours. The Bollinger bands appear to be squeezing, which might indicate a breakout in either direction. The upper Bollinger Band is currently $2,410, and the lower one is $1,896. The MACD for ETH/USD shows the market is in a bearish trend, with the MACD indicator crossing below the signal line. The relative strength index (RSI) for ETH/USD currently stands at 70.62, indicating that the cryptocurrency is overbought and could see a minor rebound in the coming hours.
ETH/USD 4-hour price chart: A bearish pattern is forming on hourly charts
Ethereum price analysis for the past 4 hours suggests a bearish pattern might be forming in ETH/USD. The chart shows that the Ethereum token broke below the support level of $2,340 and has since been trading in the negative range. The bears and bulls have been fighting for control of the market, with bears still in the lead.
The MACD for ETH/USD is also showing a bearish crossover, with the signal line crossing below the MACD indicator. The relative strength index (RSI) for ETH/USD stands at 56.65, indicating that the crypto is neutral and could see a minor rebound in the near future. The Bollinger bands are also squeezing, indicating a breakout in either direction. The upper band is currently at $2,412, and the lower band is at $2,275.
What to Expect from Ethereum price analysis
Overall, Ethereum price analysis reveals that despite a minor rebound in the past few hours, the bears are still in control of the market, and it is likely that the ETH token will continue to trade in the negative range for some time. If bulls manage to reclaim control of the market and ETH/USD stays above $2,400, then a bullish trend might be forming shortly. However, if bears remain in control and ETH breaches are below $2,300, then it could signify further losses for Ethereum.
Ethereum Recent News/Opinions
Versatus Labs Raises $2.3 Million in Seed Funding for Ethereum Scaling Venture
Blockchain scaling startup Versatus Labs, formerly VRRB Labs, has secured $2.3 million in seed funding, valuing the company at an impressive $50 million. Notable investors in this round include NGC Ventures, Republic Crypto, and Hyperithm. The funding was structured as an equity plus token warrant round, with no lead investor taking the forefront, according to Andrew Smith, the founder, and CEO of Versatus.
This latest capital injection brings Versatus’s total funding to $3.7 million, following a pre-seed round earlier this year when the company was valued at $20 million. At that time, Versatus was primarily developing a Layer 1 blockchain network. However, the team has shifted its focus due to limited market demand.
Versatus is now pioneering a “stateless rollup” solution named LASR, designed to boost Ethereum’s scalability. Unlike traditional approaches, LASR doesn’t store the entire transaction history but only the essential data, making it highly efficient. LASR is also layer-agnostic, adaptable to various blockchain layers, and can function as a Layer 2 on top of Layer 1 or as a Layer 3 on top of Layer 2, among other possibilities.
The project is set to launch on the Ethereum testnet in early January, with the mainnet launch scheduled for mid-March. Versatus has also partnered with other projects in the blockchain space, such as EigenLayer and Stader Labs, to further its mission of scaling Ethereum and improving the developer experience.
Andrew Smith, the driving force behind Versatus Labs, intends to maintain a lean team while focusing on launching additional products aimed at bridging the gap between web2 and web3 development. Despite his involvement with Versatus, Smith retains ties to his first startup, OWL ESG, a tech-driven environmental, social, and governance data provider.
Versatus Labs’ LASR project is poised to make significant strides in addressing Ethereum’s scalability challenges, and the recent seed funding round demonstrates strong support for their endeavors in the blockchain space.
Ethereum’s Value on the Rise as Large Investors Increase Holdings
In the dynamic world of cryptocurrency, Ethereum (ETH) has recently witnessed a notable increase in its value, attributable in part to significant acquisitions by large-scale investors, commonly referred to as “whales.” These investors have been gradually accumulating Ethereum, with a particular interest in addresses holding upwards of 10,000 ETH tokens. This trend of accumulation was evident as of early November when over a thousand addresses were reported to hold this amount or more.
This uptick in whale activity has had a palpable impact on Ethereum’s market price. This surge in value provided some respite to retail holders of Ethereum, who had previously expressed concerns over the cryptocurrency’s sluggish performance compared to other altcoins. If this trend of accumulation by large investors continues, it could potentially lead to further stabilization of Ethereum’s price, possibly exceeding the $2,000 mark and even reaching $2,100.
However, a different sentiment is observed among retail Ethereum holders, many of whom have been reluctant to increase their holdings. This suggests a lack of confidence in the short-term price trajectory of Ethereum among this group of investors.
Another critical metric in understanding Ethereum’s current market position is the Market Value to Realized Value (MVRV) Z-score, which recently stood at 0.40. This indicator helps in assessing whether a cryptocurrency is undervalued or overvalued by comparing the market cap to the realized cap. With the MVRV Z-score nearing 0.40, it implies that Ethereum is possibly undervalued at present.
Long-term holders of Ethereum may find themselves in a profitable position if they maintain their holdings. In the short term, the Seller Exhaustion Constant, a metric analyzing the 30-day price volatility, provides insights into potential losses or gains. With a current reading of 0.055, this metric indicates that the price of Ethereum around $2,000 is conducive for investment and suggests a lower risk of significant price drops, particularly if the Seller Exhaustion Constant remains stable
Ethereum Price Predictions 2023-2032
Ethereum Price Forecasts by Cryptopolitan
Ethereum Price Prediction 2023
In our 2023 Ethereum price prediction, we anticipate a minimum trading price of $2,107.57 and an average value of $2,210.78 for the token. With several scheduled ecosystem upgrades, we expect Ethereum to experience a surge in value and reach a maximum price of $2,316.06.
Ethereum Price Prediction 2024
According to our Ethereum price prediction for 2024, we expect a minimum price of $3,101.50 and an average price of $3,212.04. If Ethereum’s growth trajectory persists, we predict its value could reach as high as $3,738.39 at its peak.
Ethereum Price Prediction 2025
For 2025, our Ethereum price prediction expects the minimum price of ETH to be $4,493.41, while the average price is projected to be around $4,621.89. There is potential for significant growth in the value of Ethereum during this period, with ETH price possibly reaching a maximum price of $5,352.41 by the end of the year.
Ethereum Price Prediction 2026
According to our Ethereum price prediction for 2026, we expect the minimum price of the coin to be $6,355.53 and an average Ethereum price of $6,586.62. Additionally, we expect ETH’s price to surge to a maximum level of $7,554.97 by the end of 2026.
Ethereum Price Prediction 2027
Our prediction for Ethereum in 2027 expects a minimum trading value of $9,306.22 and an average price of $9,569.68. Based on this data, the price could reach a maximum of $11,122.99 during the year.
Ethereum Price Prediction 2028
In 2028, our Ethereum forecast anticipates a bullish trend with a floor price of $14,213.29 and an average trading value of $14,596.07. The maximum price for the year is estimated to reach $16,259.86, reflecting a significant increase in the token’s valuation.
Ethereum Price Prediction 2029
For 2029, our Ethereum price prediction suggests a minimum price of $21,038.57. The ETH token is expected to see significant growth, with a maximum potential price value of $24,736.61 and an average projected value of $21,622.42.
Ethereum Price Prediction 2030
According to our prediction for 2030, Ethereum’s value may drop to a low of $30,553.22 by year-end. However, the average trading price is expected to be $31,418.12, and the maximum estimated price could reach as high as $35,817.11.
Ethereum Price Prediction 2031
For the year 2031, our Ethereum price prediction suggests a minimum price of $45,290.02, while the average price is expected to be around $46,546.74. The maximum value for ETH in 2031 is projected to reach $54,050.23.
Ethereum Price Prediction 2032
In 2032, our Ethereum price prediction suggests steady growth for the cryptocurrency. The minimum price is projected to be $63,827.49, and the average trading price is expected to be $65,689.36. Meanwhile, the maximum estimated price for 2032 could be as high as $76,950.22.
