Ethereum is the DApp king and the largest altcoin of the crypto-verse. Despite already being home to over 3000 dApps and 28000 NFTs, it is still in the hot seat due to rising competition from multiple L1 and L2 counterparts with higher scalability. To address this issue, Ethereum developers are working on an Ethereum roadmap to enhance its scalability, speed, and security exponentially. But will Ethereum be successful in this roadmap, and if so, what impact will it have on Ethereum's price?
Let’s know in the simplified blog on Ethereum price prediction below.
If you read on till the end, you will also get insightful answers to these crucial questions about Ethereum: Will Ethereum reach $10,000? Will Ethereum beat Bitcoin? What will be the worth of 1 Ethereum in 2050?
Ethereum (ETH) Overview
Ethereum (ETH) is the second-largest public blockchain network that introduced dApps, Smart contracts, and multiple other decentralized solutions in the crypto space. Vitalik Buterin, a Canadian computer programmer, created it in 2013.
ETH is the native cryptocurrency that empowers this blockchain network. It serves as the primary mode of payment for all kinds of transactions and reward distribution in the Ethereum ecosystem, including gas fees charged to users for interacting with dApps built on Ethereum.
This gas fee compensates for the computational costs of the nodes that validate all Ethereum activities. The more complex the validation work and urgency are, the higher the gas fees are.
After Bitcoin (BTC), ETH is the second largest crypto by market capitalization. While Bitcoin use cases are mainly limited to a peer-to-peer value transfer system, the Ethereum blockchain offers wider usage by providing powerful tools for developers to create and deploy new decentralized products like applications, assets, and ERC-20 tokens.
Earlier, the Ethereum blockchain used to work on the proof-of-work consensus mechanism, which was highly time and energy-consuming. Following a major upgrade called “The Merge” in September 2022, Ethereum transitioned to proof-of-stake (PoS) consensus. This step significantly boosted Ethereum's scalability while reducing its energy consumption. The new PoS version of the Ethereum is known as Ethereum 2.0 and will act as the base for many more future scalability improvements.

Ethereum (ETH) Price History
Ethereum (ETH) team organized an initial coin offering (ICO) in 2014. Finally, after a year of testing phase, the first genesis block of Ethereum was launched, and ETH went live in the market at $0.74.
Within a couple of weeks, ETH made an ATH but lost over half of its value in the next few months. However, it soon made a respectable recovery, reaching $0.91 by the year's end.
ETH rallied in the first three months of 2016, hitting the $14.5 mark by mid-March, but then the price shredded for the following months. It took another quarter of that year to regain its $13-$14 price levels. However, ETH's price soon followed a steep decline. Thus, ETH closed the year with a nearly 50% price drop.
Then came the unforgettable bullish year of 2017, when Ethereum saw incredible growth. Its price became unstoppable after making new highs almost every day. By June 2017, ETH was 5000% higher than at the start of the year. According to multiple analysts, this surge resulted from rising dApp demand by developers and corporations who wanted ETH as the fuel to explore Ethereum and its use cases. The Ethereum blockchain also gained some technical stability by that time.
Another contributing factor was the formation of the Enterprise Ethereum Alliance (EEA), which aimed to link large enterprises to blockchain technology. Multiple tech giants like Microsoft and JP Morgan were a part of this alliance. By having a successful year in all senses, ETH made an astounding gain of 10,000% in 2017, making it a golden year in the Ethereum price history.
The rally continued in the initial days of 2018 when ETH hit a new ATH of $1365 on January 19, 2018. But then the rally reversed, and Ethereum experienced a steep downtrend. It resulted in a price correction in the market after an overpowering bull year. As a result, the Ethereum price slumped in 2018, when it lost almost 90% of its ATH value by the year's end.
The year 2019 was less dramatic in the Ethereum price history. ETH climbed in the year's first half and reached $336 by the end of June. However, it could not retain this gain for the rest of the year and ended the year at $127, nearly the same price at which it started the year.
2020 was an even better year for Ethereum price, which doubled in the initial months. However, as the pandemic shock in March 2020 made global investment markets bleed red, the Ethereum price crashed by 45% in a single day. ETH soon recovered its lost value by rallying to nearly 475% by the end of 2020. In the last days of 2020, ETH was trading at $685.
The gains became parabolic in 2021 when another gigantic bull market took place. This time, the exploding hype around NFTs was the reason behind this exponential surge in Ethereum price. NFT sales are making new records, and the lion's share of the Ethereum blockchain in these NFT creations created a high demand for ETH. Impressive technological advancements in the Ethereum ecosystem also caused excitement among ETH traders. For example, Ethereum underwent the Berlin upgrade in 2021, a step towards the Merge upgrade in 2022.
By May 2021, ETH made a fresh new ATH of $3870. However, it soon faced a massive dip when it lost nearly 60% of its recent gains. While many investors thought it was the end of the Ethereum bull rally, the coin rose again with a stronger momentum and made a new high of $4,891 on November 16, 2023. After staying at this high for some time, the ETH rally ended. The altcoin finished the year at $3632.
The launch of 2022 strengthened the grip of bears on the market, causing a continuation downfall in the Ethereum price. The ETH price fell more than a thousand dollars in less than one month. ETH made a decent recovery amid positive news about its upgrades and activities between March and April. One of them was the successful merging of Ethereum with its Kiln testnet as a part of a multi-step rollout to its ultimate Merge upgrade. But the surge was short-lived as the market had different plans. On May 9, Terra LUNA collapsed, causing all cryptocurrencies to face bearish sentiments. Soon, more institutional collapses surfaced that further reduced the ETH price. By July, ETH bottomed at $1038.
August brought some recovery for ETH due to the anticipation of its significant Merge upgrade scheduled for September 22, 2023. This upgrade merged the Ethereum mainnet with the PoS consensus layer, called the Beacon chain. It transitioned Ethereum from PoW to PoS with enhanced scalability and sustainability. However, the upgrade did not bring the expected price rally in ETH, and the coin ended the year at $1212.
Compared to 2022, 2023 proved better for ETH. It made significant recoveries in the initial days as a ripple effect of a broader market rally. In April 2023, another significant improvement, Shanghai Upgrade, occurred in Ethereum. It allowed the withdrawal of staked ETH locked in the Ethereum smart contract since 2020. This upgrade gave a small rally to ETH that continued for a few days. The coin managed to continue its recovery in the rest of the year and gained 82%. It was one of the few cryptos that launched successful upgrades despite a prolonged bear market for over a year.
But what about the future of this crypto?
To get an idea, let’s discuss the Ethereum price predictions for 2024, 2025, 2030, 2040, and 2050.
Ethereum Price Prediction 2024 (INR & USD)
For multiple reasons, 2024 could be a jackpot year for the Ethereum price.
Firstly, ETH price movement is highly correlated with the BTC price. According to the pair correlation analysis done by Macroaxis, the last 3-month correlation between Bitcoin and Ethereum is 0.97, indicating that ETH is closely copying the BTC price movement. Since BTC has been showing exciting price surges due to the anticipation and possibility of Bitcoin Spot ETFs getting approval in January 2024, both BTC and ETH can have

bullish waves this year.

Secondly, this year can also give the US investment market the first Ethereum ETF because many top asset managers like BlackRock, Ark Invest, Grayscale, and others have applied for Ethereum ETFs after applying for Bitcoin ETFs.
The steady rise in the number of new ETH addresses also confirms this robust expansion of the Ethereum network. This growing network activity can soon lead to ETH resuming its upward price movement. Thus, the current price range of the coin could be the ideal value for accumulating ETH before it starts an upward rally.
A couple of days ago, the United States SEC pushed back the dates of giving the final decision on these ETFs to May 2024. That means that there is a possibility of Ethereum ETFs getting approval in the Q2 of 2024. If that happens, ETH can experience a solid bullish rally that will shoot its price to a minimum of $1000. The opening of institutional investment into Ethereum will be the key reason behind this price boost. Moreover, the entry of reliable financial players in the Ethereum market will mark a new level of maturity for the second-largest crypto.
Hence, with regulatory approval, an Ethereum ETF could notably boost ETH prices by fostering a strong link between BlackRock ETF, other leading financial institutions, and the Ethereum ecosystem. The Ethereum price can also experience some early surges as these institutions may try to purchase ETH in advance to establish a reserve before getting official approval.
Even if the ETF approvals do not work out, the Ethereum price can still increase due to its anticipated Cancun-Deneb (Dencun) upgrade. Previously scheduled for October 2023 but later postponed to Q1 of 2024, the Dencun upgrade will introduce the concept of Proto-Danksharding in the Ethereum blockchain. This innovative concept will bring “data blobs” to the Ethereum Virtual Machine. These blobs will uniquely organize the Ethereum transaction data, leading to cheaper transactions and higher processing capacity.
This upgrade will also include a whole group of Ethereum Improvement Protocols (EIP) like EIP-1559, EIP-2929, and EIP-2557, all related to technical corrections to make sure that Ethereum remains at the forefront of the dApp and NFT game. Since this upgrade will comprise improvements in the consensus layer (Deneb) and the execution layer (Cancun) of the Ethereum blockchain, it got the ‘Dencun’ name.
By acting as a stepping stone towards the 1000x capacity of Ethereum, the Dancun upgrade can also initiate a bullish rally for ETH in 2024. The recent prediction by JP Morgan’s analyst Nikolaos Panigirtzoglou emphasizes this possibility, who said that Ethereum will likely outperform BTC and other cryptos after its Dank Sharding upgrade (EIP-4844). He claimed that the ETH price could correct to $1900 but can also soar between $3400-$3800 by the Q1 of 2024.
With all these factors and predictions in mind, we give the Ethereum Price prediction 2024 as - $3891 in the bullish case and $3450 in the bearish case, with $3678 being the average price.

Ethereum Price Prediction 2025 (INR & USD)
Ethereum Price Prediction for 2025 looks bullish, with high chances of a bull run. It has had two magnificent bullish years (2017 & 2021), both coming after Bitcoin's halving years (2016 & 2020). This historic pattern can also repeat this time, bringing a solid bull run for Ethereum in 2025.
In 2017, Ethereum's price in USD skyrocketed from $11.29 to $1365 in less than a year. Then, in 2021, Ethereum price in USD again registered a remarkable bullish victory by surging from a mere $730 to $4891 as a domino effect of the Bitcoin rally.
Due to this pattern, multiple institutions have given bullish predictions for Ethereum (ETH). For instance, Cryptonews expects Ethereum to reach a maximum level of $ 6,500 with a minimum price of $4,500. Another institution, Gov Capital, expects the Ethereum price to touch $7,200 by 2025. With a panel of 31 crypto and fintech experts, Finder also released an Ethereum price prediction report that states that ETH can jump to $5800 by the end of 2025.
Condensing all this information, our Ethereum price prediction 2025 lies between $5,800 and $6,800, with $6,200 being the average level. The same Ethereum price prediction 2025 in INR is- INR 4,82,810 (lower level), INR 5,66,061 (upper level), and INR 5,16,110 (mid-level).

Ethereum Price Prediction 2030 (in INR & USD)
By 2030, Ethereum analysts expect Ethereum to reach the final levels of its roadmap. If Ethereum successfully completes all the upgrades, Vitalik’s plan to enhance Ethereum by 1000x will come true. In that case, this crypto can emerge as the top player in the dApp development industry by 2030.
Moreover, it can also get mainstream adoption with at least two powerful bull runs. Adjusting it with the consideration of a few inevitable black swan events, our Ethereum Price Prediction 2030 is- $24,970 (maximum), $19,540 (minimum), and $22,340 (average).
This Ethereum price prediction in INR is - INR 20,78,743 (max), INR 16,26,698 (min), and INR 18,59,797 (avg).

The U.S. SEC has asked exchanges to update 19b-4 filings for ether ETFs ahead of a key deadline, suggesting potential approval progress, though approval is not guaranteed.

Ether (ETH) surged 17% to over $3,600 as favorable regulatory developments increased the likelihood of ETF approval.The CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs.
Ether (ETH) opened the Asia business day trading above $3,600, up 17%, as favorable regulatory developments increase the chance that an ether exchange traded fund (ETF) will soon be approved, while the yes sides of various Polymarket contracts also jumped on the news.
The CoinDesk 20, a measure of the performance of the market's largest digital assets, is up almost 8%.
CoinDesk reported towards the close of the U.S. business day Monday that the Securities and Exchange Commission had make abrupt progress in the approval of a Ether ETF by asking exchanges to update 19b-4 filings for ether ETFs.
The SEC asking exchanges to update 19b-4 filings, which propose rule changes, suggests potential progress toward spot Ether ETF approvals. Despite the progress with 19b-4 filings, the SEC could still reject the S-1 registration statement of the ether ETF, delaying its approval and trading commencement.
As a result of this significant development, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit YTD highs above 18%, and traders heavily bought $4000 calls for 24 May 2024 and 31 May, Presto Research analysts wrote in a note shared with
A Polymarket contract asking if an ether ETF would be approved by May 31 jumped from 10 cents to 55 cents, representing a 55% chance that approval will take place by May 31.

On Tuesday, Ethereum was poised for its largest two-day surge in almost two years, driven by speculation over the outcome of U.S. spot exchange-traded fund applications for the world's second-largest cryptocurrency. Ether increased by over 8% to nearly $3,780, following a nearly 14% jump on Monday. Bitcoin also saw gains, now just 4% below its March peak of over $73,800.