Ethereum ($ETH ) has gained momentum in 2024, especially as Bitcoin's new all-time high at $76,481 pushes the overall crypto market value closer to $2.5 trillion. The crypto bull run, influenced by the Republican victory in the U.S., saw Ethereum bounce back to $2,800. This article explores the potential for Ethereum to reach new highs, including $5,000 by the end of 2024 and beyond.
November 2024 Outlook In November, Ethereum’s price broke past the $2,800 resistance, backed by a bullish trend and a positive MACD crossover. This growth crossed the 200-day EMA, increasing the likelihood of a "golden crossover" and climbing above the 23.60% Fibonacci retracement level of $2,472. With continued upward movement, Ethereum might soon surpass the $3,000 psychological threshold, potentially hitting $3,553 by the end of the month. Key support is expected around $2,582.
Ethereum Price Projection for 2024 After recovering from a low of $1,000 in late 2022, Ethereum has maintained its upward trend despite market fluctuations and recent outflows from ETFs. As large investors (whales) accumulate ETH, the price could reach $5,000 by year-end if positive inflows continue and Bitcoin hits the $100,000 mark. Conversely, if the market faces resistance, Ethereum may find support at $2,150, with an average price forecast around $3,525.
Ethereum Forecast for 2025 Ethereum is expected to experience significant growth in 2025, driven by network expansion and increased adoption. This year could see Ethereum reaching a new all-time high of $6,925. However, if market conditions are less favorable, the price might fall to $2,917, with an average around $3,392.50.
Predictions for 2026 to 2030 Looking further ahead:
In 2026, Ethereum could reach a peak of $6,610.75, with an average around $5,713.12, and a potential low of $5,566.77.
By 2027, Ethereum may hit a new high of $8,705.44, with an average price around $7,246.74. The lower limit for that year could be $6,800.10.
In 2028, Ethereum’s strong market presence could help it reach $10,410.87, with an average price of $9,482.48, while the low is forecasted at $8,613.01.
By 2029, Ethereum could surpass the psychological $12,000 barrier, aiming for a high of $12,994.32, with a lower potential around $10,192.00 and an average of $11,010.77.
Finally, by 2030, Ethereum could reach a new peak of $15,575.21, with a possible low of $12,647.23 and an average of $14,163.01.
MasteringCrypto ’s Ethereum Prediction
Mastering Crypto anticipates Ethereum to achieve substantial growth in 2024, possibly reaching the $5,000 mark due to factors like network development, investor inflows, and general market recovery. However, if market sentiment turns negative or developments stagnate, Ethereum could face a cap at $2,150.
Market Analysis from Other Firms Analysts from DigitalCoinPrice forecast Ethereum at $4,760 in 2024, rising to $6,763 in 2025. Gov.Capital projects a more optimistic outlook, with prices potentially reaching $6,622 in 2024 and $8,893 in 2025.
Historical Sentiments Ethereum has shown resilience, with buyers actively supporting prices around $2,630, particularly when the 50-month EMA acts as a resistance.
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