Ethereum has been holding its hard-earned second place by market cap, second only to Bitcoin, for a long time. With a good reason, too: the network is known for its versatility and many interesting use cases. What is Ethereum’s future, though — is it going to stay there, or will its price keep going up? We gathered Ethereum price predictions for those who wonder about that — so take a peek.
Table of Contents
Ethereum Fundamental Analysis
Ether (ETH) is a principal cryptocurrency on the Ethereum blockchain and the surrounding ecosystem — one of probably only two names that are known far outside the crypto community. Ethereum was proposed by Vitalik Buterin in 2013 and, after going through development, went live in 2015.
Ethereum was created to expand on Bitcoin’s use case. Where Bitcoin’s great success was being the world’s first working blockchain-based currency and a transaction medium, Ethereum is more about smart contracts. Those can be deployed on-chain by basically anyone and become a basis for another token, a part of a dApp or a DeFi project. All of this made Ethereum different from Bitcoin by shifting the project’s goal to becoming “the world’s first programmable blockchain”.
Ether is needed to make the whole system work. It’s used to pay for transactions (as gas fees) and as an incentive for miners, as the Ethereum network is secured using the Proof-of-Work consensus protocol. Ethereum is making the transition to Ethereum 2.0 which is going to use Proof-or-Stake — very slowly and in stages. For example, in early August 2021, the team rolled out the London upgrade, which had changed the way transaction fees are calculated, among other things. Ultimately, such upgrades should help the switch to Proof-of-Stake to go smoother.
Ethereum Live Price Chart
If most of the cryptocurrencies were affected by the market’s late 2020 – early 2021 bull run, then Ethereum is one of the few that were actually leading this run. Ether, which has been second only to Bitcoin by market capitalization for a long time, entered 2021 at around $750, but by January 3 it already broke the $1000 level. During the following months, Ether’s price kept trending up, and, despite having some dips on the way, by May 12 it reached an all-time high — $4,362.35.
After this, Ethereum went through a serious crash together with the whole market, going below $1800 in a matter of days. The price reversed in the support zone at $1700–$1750, reaching up to ~$2900 in late May, later bouncing off of the support a couple more times in late June and July — never going below it, though. In the last days of July the whole market seemed to start experiencing new growth, and by mid-August Ether’s price reached $3200 again.
Ethereum Technical Analysis
After the market crash caused by the dip in the Bitcoin price earlier this year, Ethereum trended down for a while. However, since the late July trend reversal, Ether’s price has been moving in an upward channel. On the 7–8 August weekend, Ethereum seemed to get rejected at the resistance level of ~$3200, but it hasn’t been established yet whether this signals a longer-term reversal or just a temporary setback. If the price keeps going down, there might be new support at ~$2600 — the price correction might stop there, in which case it may be expected to reverse and go up to the new highs.
Ethereum Price Prediction
#1. WalletInvestor ETH Price Prediction for 2021, 2023, 2025
#2. TradingBeasts ETH Price Prediction for 2022
#3. DigitalCoin ETH Price Forecast for 2021, 2022, 2023, 2025
#4. LongForecast ETH Price prediction for 2021-2022
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).
Is Ethereum a good investment?
Yes, Ethereum is a good investment, in most experts’ opinion. According to some Ethereum price predictions, long-term gains on this investment can reach higher than 200%. However, one should always keep in mind that the crypto market is very volatile, Ethereum is not an exception.
Is Ethereum legit?
Yes, Ethereum is legit and has proven itself to be one of the most consistently developed and improved upon projects in the crypto space. One of its advantages is the openness with which the team and the community talk about the project, which further builds trust in Ethereum.
What is ETH worth?
As of August 2021, ETH is worth approximately $3000. This is a good recovery after the market crash of late spring – early summer of the same year when the price of Ethereum dipped below $1800 and ETH price forecasts were uncertain for a while.
What will Ethereum be worth in 2030?
According to some Ether price predictions, in 2030 Ethereum might be worth close to $15000. Note that market volatility makes it hard to get an accurate Ethereum price prognosis for such a distant future.
What is Ethereum worth in 2025?
Several experts expect Ethereum to be worth $10000 or more in 2025. More conservative ETH price predictions put it at around $5000 at that point.
Is it smart to buy Ethereum?
Yes, it’s smart to buy Ethereum if your goal is getting some cryptocurrency in your portfolio. Ethereum is one of the cornerstones of the crypto space and as such, it’s one of the less risky investments.
Can I buy anything with Ethereum?
Ethereum can be used to buy goods and services on some crypto marketplaces or in DeFi projects. It can also be traded for other coins or fiat currencies on specialized exchanges.
Is it better to buy Ethereum or Bitcoin?
Compared to Bitcoin, Ethereum might be a slightly riskier investment. Nevertheless, a smart move would be buying both Ethereum and Bitcoin. This helps an investor to diversify their portfolio and limit the risks.
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.