Ethereum price prediction 2023 and beyond

By:

James Knight

James is a lead editor for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His ... read more.

Updated: Sep 7, 2023

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Ethereum price predictions

The general trend amongst traders and various analysts is that Ethereum will eventually reach $10,000 at some point in the near future. In the short term, however, there’s the expectation that Ethereum will experience a small bear market. Below is a range of price predictions for the coming years.  

Expert forecasts on the future of Ethereum

The average sentiment amongst expert predictions suggests the price of Ethereum could reach low five figures in the future. Others believe it will take some time for Ethereum to reach such numbers. Below are some various viewpoints on Ethereum. 

If I believe that Bitcoin could trade below $30,000 and Ether below $2,000 in a three-to-six month time horizon, I will dump all of my s***coins. That is because Bitcoin and Ether are the highest quality coins, and they will decline less than all their yet-to-be-proven competitors.

Arthur Hayes, co-founder of BitMex

Ethereum (ETH) won’t flip bitcoin (BTC)

Eric Wall, CIO of Arcane Assets

Where can I trade Ethereum?

You can buy and trade Ethereum on any cryptocurrency exchange or brokerage. Most online trading platforms offer low-fee trading and beginner-friendly guides to help new users. Below are some of our recommended platforms where you can get trading within minutes, or you can keep reading to find out more about the future of Ethereum.

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Ethereum price prediction 2023

What will Ethereum be worth in 2023? Most seem to believe Ethereum could reach high four figures, or around $8000, by the end of 2023. Many believe the general trend of crypto adoption around the world will carry the overall market, including Ethereum, higher and higher each year.

Ethereum price prediction 2024

What will Ethereum be worth in 2024? It’s believed that the price of Ethereum may dip below $8000 in 2024. Reasons for this vary but it seems to point to a potential bear-like market or consolidation period.

Ethereum price prediction 2025

What will Ethereum be worth in 2025? By 2025 prices may continue their trajectory into the five-figure range of around $14,000 or less. By then, it’s predicted that the total crypto market capitalisation could be well over 10 trillion.

Ethereum price prediction 2030

What will Ethereum be worth in 2030? By the end of 2030 it’s generally accepted that Ethereum could reach mid-five figures around $30,000. Alongside Ethereum, the price of bitcoin could be in the high six-figure range and the total crypto market capitalisation will be eye-watering. 

What affects the price of Ethereum?

The fundamentals of the Ethereum network along with the health of the overall market can contribute to Ethereum’s price ranges. Whether Ethereum’s ETH2 upgrade will push the network into a new era or not will impact Ethereum’s price movements moving forward.

The fundamentals

If Ethereum 2.0 can live up to its expectations and offer low-fee trading, fast transactions, and tighter security then the future will be exciting. Already, the network has revolutionised crypto by creating a space for decentralised finance (DeFi) to be created and given room to thrive in the market. Learn more about the most popular DeFi coins in this article.

Ethereum’s current no.2 spot under Bitcoin in market capitalisation is well deserved but it can all go wrong if Ethereum doesn’t manage to fix its scalability problems and security concerns. In that case, other blockchains may take the spotlight and we could see a dethroning of Ethereum as the strongest DeFi asset in the near future.

The technicals

Technical analysis involves studying the price history of an asset and using various chart indicators to try and predict what an asset will do over a period of time. Technical analysis can be useful in finding the right time to buy or sell an asset.

The Moving Average is an indicator that can show the median price of a specific number of candles on a candle chart. Another technical skill is to take notice of an asset’s trading volume. Traders can use volume to monitor its activity and predict whether a move to the downside or upside may kick in soon.

Ethereum price history

Ethereum has followed the same pattern as many other cryptos and surged to all time highs in late 2021 before falling off in 2022. In 2020 it hit a low of about $85 and a little over a year later was trading at over $4000. The chart below shows how its price has changed over time.

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Key levels to watch

Depending on the market sentiment the Ethereum price could reach lows of around $3000 before ranging until mid to late 2023 and breaking its all-time high of $4,878 after that.

This relies on the performance of the American and western financial markets post-COVID as well as fiat inflation. Although they’re not directly crypto-related, the performance of the stock market can influence the price of cryptocurrency assets because so many institutions are now involved in crypto.

Ethereum’s low $2000 range during the May 2021 crash could be a psychological support level that the market will be eyeing closely if there was to be another similar event. A $2000 and $4000 bracket would be a reasonable range for a few months until Ethereum breaks its all-time high.

Is ETH a good long term investment?

Whether Ethereum 2.0 will be successful or not will determine the accuracy of these Ethereum forecasts. There are many potential “Ethereum killers” in the market but none have come close to toppling the giant. If Ethereum fails to solve its scaling issues, then other coin’s will fight for the top spot underneath Bitcoin. Hopefully, Ethereum 2.0 will be a success and live up to its promises.

The market overall will go through many peaks and troughs. The troughs may last months and the peaks could be short-lived, but the general trajectory of the overall market is likely to be upwards.

All Ethereum needs to do is build and continue to be the capital of DeFi. If you’re a believer that the Ethereum team can deliver ETH2 effectively, then investing in Ethereum will be a great long-term investment for years to come.

Key takeaways

There is no guarantee that these Ethereum price predictions may come true. All predictions in price should be taken as a grain of tiny salt. The crypto market is ever-changing, and nobody can be spot on with their predictions for such a long-time frame. Despite this, it’s generally accepted that the Ethereum price can reach $6000 very soon, and then $10,000 shortly afterwards.