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What Is the Ethereum Price Prediction Today
AT A GLANCE
- In 2024, Ethereum price is expected to reach $4638.681198547822, according to some experts
- 2025 promises to be turbulent, with prices ranging from $2613.2291222415242 to $7012.809371032928, with PricePrediction.net predicting a breakthrough leading to a price rise to $7012.809371032928
- By 2030, ETH price can hit $4638.681198547822
Ethereum Fundamental Analysis
Ethereum is one of the best-known decentralized blockchain ecosystems in the world that is probably surpassed only by Bitcoin in terms of public recognition. It features its own cryptocurrency Ether — ETH (which is also commonly called Ethereum, although that is, strictly speaking, incorrect).
The concept of Ethereum was first described by Vitalik Buterin in a whitepaper published in 2013. The Ethereum blockchain was launched in 2015. One of the most important features that was introduced by the project is the smart contract functionality, which enables the automatic execution of certain pieces of code on the blockchain based on predetermined conditions.
Smart contracts have allowed blockchain developers all around the world to build decentralized applications (dApps), opening up the possibilities for decentralized finance (DeFi). It also sparked the development of other blockchain projects based on similar ideas. There are also thousands of tokens made by implementing Ethereum token standard ERC-20.
Over time, the project went through a number of updates, one of the most significant of them being Ethereum Merge. Initially, Ethereum used the Proof-of-Work (PoW) consensus mechanism, but from quite early on, the plan to move it to Proof-of-Stake (PoS) was already in development. In 2022, amid growing concerns about blockchain energy consumption, as well as some scalability questions and other considerations, the project completed its transition by merging its mainnet with PoS Beacon Chain, making Ethereum Proof-of-Stake blockchain.
Some other examples of important forks in recent history include the London upgrade which changed Ethereum gas fees calculations (gas prices are the commissions for a transaction on the Ethereum network) and Shanghai update for Ethereum, which together with Capella fork enables stakers to withdraw their ETH.
ETH, the native cryptocurrency of the project, has long been the second-largest coin in the crypto market by its market capitalization. Despite the ETH price having its highs and lows in the time it has been on the market, it still enjoys the trust of crypto users and high trading volumes.
Ethereum Live Price Chart
At the end of June 2023, the ETH price chart was at $1875, and for some time it stayed stable around that price. On September 29 the value of ETH went a little bit down to around $1828, but then grew more, trying to break the resistance at around $1950 at the beginning of July.
On July 8 though, the ETH price was corrected to $1871, and stayed at this level for a few days, before going up again. On July 14 the ETH price chart jumped to $2005, attempting to break the resistance again. Despite the price jump, it didn’t start a new uptrend, and by July 20 the ETH price dropped to $1891 and continued moving in a downward trajectory. By August 8 to swap ETH traders paid $1826. In the following days, the ETH value grew a little bit to a level of $1850 but then was hit by a downtrend again.
On August 20 to buy Ether traders paid only $1660, and even that wasn’t the bottom of the price chart. The price of Ethereum reached the lower rate of $1657 on August 29 and then jumped to recover at $1729 the next day, returning to the previously established downtrend by the beginning of September.
Till September 9 the price of ETH kept falling, reaching $1636, and then it dipped to $1551 on September 12. Again the price chart was recovered the very next day for the coming few days stayed stable at around $1620.
On September 23 the ETH price chart dropped again, this time to $1590, and stayed around this price level for the next 4 days. As October started the Ethereum price chart started showing slight signs of the possible uptrend in the future. From September 28 the value of ETH was growing, reaching $1732 by October 2. But in the next 2 weeks, the trend flipped and the price of Ethereum was declining, till it reached the support level of $1552 on October 14.
Just a few days later Ethereum started bullying. On October 19 the price of the Ethereum network native token was at $1563, and just a week later traders already paid $1803 to buy ETH. The uptrend continued from there with the price of ETH reaching $1887 by November 7. The next day the ETH price chart jumped up again, reaching $2121 on November 10. The following 2 weeks were signified by the market correction, that took the ETH price chart down to $1961.
For a few days, the ETH price chart was struggling to keep the new higher support level, and finally, by November 26 the ETH price chart reached $2084. From this point, Ethereum started bullying and by December 9 its price reached $2358, the highest level in the 1 year. After a short market correction to $2224 on December 12, Ethereum continued bullying. According to the current state of the ETH price chart and the current market sentiment, there is a high chance for ETH to gain even more value soon.
Ethereum Technical Analysis
In the last six months or so, Ethereum has shown growth that was almost uniformly steady, forming an ascending flag pattern from mid-winter until the beginning of May 2023. This was promising for the long term holders who were worried about losses through most of 2022.
The trend was reversed later, however: in the short term, a double top pattern that formed in mid-May seems alarming, as it means that the coin couldn’t break through the resistance at around $1830-$1840. This led some traders to place orders to sell Ethereum, as this pattern may influence their ETH price prediction, leading them to believe that Ethereum price will go further down in the close future. This definitely warrants watching ETH movements in the 24 hour timeframe.
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Ethereum Price Prediction
Ethereum Price Predictions Summary
Ethereum Price Prediction for 2024
Ethereum Price Prediction for 2025
Ethereum Price Prediction for 2026
Ethereum Price Prediction for 2027
Ethereum Price Prediction for 2030
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Summary
As it can be clear from the analysis cited above, Ethereum (ETH) projections are rather contradictory. There is no universal consensus either about positive or negative future ETH price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Ethereum projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
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