Ethereum Price Prediction 2023-2032: Will ETH reach $8000 soon? – Cryptopolitan

Ethereum Price Prediction 2023-2032

• Ethereum Price Prediction 2023 – up to $2,983
• Ethereum Price Prediction 2026 – up to $10,248
• Ethereum Price Prediction 2029 – up to $30,441
• Ethereum Price Prediction 2032 – up to $87,336

“The Merge did not change anything for holders/users.” Is that a fact? Crypto prices are unlikely to see a major recovery without new or returning investors bringing cash back into the market. Unless the retail people enter the market, Ethereum won’t strongly blast above ATH. Maybe something sparks retail though like Coinbase, NFT marketplace, etc. There is also much wealth out there in the hands of whales.

How much is Ethereum worth?

Today’s Ethereum price is $1,831.08 with a 24-hour trading volume of $9,331,306,925. Ethereum is down 4.39% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $220,539,335,127. It has a circulating supply of 120,334,908 ETH coins and the max. supply is not available.

Ethereum price analysis: ETH consolidates above 1,800 as bears attempt to push it lower

TL;DR Breakdown

• Ethereum price is consolidating above $1,800 with a descending triangle pattern formation.
• Technical indicators show a largely neutral outlook, with a bullish bias in the short term.
• Ethereum Foundation’s recent sell-off causing concerns among investors, but some analysts believe the impact may already be priced in.

The Ethereum price has been consolidating above the $1,800 level this week as bears continue to try and push it lower. At press time, ETH was trading at around $1,845 after showing a minor pullback from its intraday high of $1,884. The digital asset has formed a descending triangle pattern and is expected to continue trading in this range until it breaks out of the lower trend line.

The technical indicators have been largely neutral for the past few weeks, with the MACD indicator inching towards the bearish zone, while the RSI held steady at around 75. The 50 SMA (Simple Moving Average) is still above the 200 SMA, confirming a bullish bias in the short-term outlook.

The Ethereum Foundation has sold 13,003 ETH tokens worth around $30 million in the last 24 hours, according to data from Etherscan. This sale has caused some concerns among Ethereum investors, as the market has historically responded negatively to large sell-offs by the Ethereum Foundation.

However, some analysts suggest that this time may be different, as the Ethereum ecosystem has significantly matured since the Foundation’s last sell-off in 2016. Additionally, the market has already experienced a significant price correction in recent weeks, which may have already accounted for the impact of the Foundation’s sell-off.

ETH/USD Technical analysis: ETH price hovers near  MA 200

Given the neutral outlook of the technical indicators, it is likely that Ethereum will continue to consolidate near current levels. However, if the price falls below $1,800, it could face further losses in the short term. On the upside, a break above $1,900 could open up a path to the $2,000 level.

 Ethereum price analysis reveals ETH is currently hovering near the MA 200 (Simple Moving Average 200) level, which is considered a key support level. At the time of writing, ETH/USD is trading at around $1,850, with the MA 200 level at $1,780.

The Relative Strength Index (RSI) is currently showing a neutral outlook, hovering around the 50 levels, while the Moving Average Convergence Divergence (MACD) indicator is slightly below the signal line, suggesting a bearish bias.

However, if the Ethereum price is able to hold above the MA 200 level, it may indicate a potential bullish trend reversal in the short term. On the other hand, a break below the MA 200 level could trigger further downward momentum and potentially test the next support level at $1,700.

ETH/USD price analysis on the 4-hour chart shows ETH has been consolidating, with bears taking the lead, pushing prices lower. Ethereum is down by 3%, with bearish candle sticks appearing in the chart. At press time, ETH is trading at around $1840.

The technical indicators are turning bearish as indicated by the RSI, which is currently headed toward the oversold region. Moreover, the MACD indicator is trending downwards with a bearish crossover.

What to Expect from Ethereum price analysis

Ethereum price analysis suggests that ETH will likely continue trading in its current range until either bulls or bears gain control of the market sentiment. A break above $1,900 could open up a path to higher levels, while a break below $1,800 could lead to further losses. Investors should keep an eye on the MA 200 level as it may provide some key insights into Ethereum’s near-term direction. However, the Foundation’s sell-off could still have an impact on the price and a trend reversal may be in the cards.

Ethereum Price Predictions 2023-2032

Price Predictions by Cryptopolitan

Year	Minimum Price	Average Price	Maximum Price
2023	$2,589	$2,689	$2,983
2024	$3,887	$4,022	$4,560
2025	$5,815	$6,016	$6,838
2026	$8,168	$8,409	$10,248
2027	$11,917	$12,337	$13,945
2028	$17,484	$18,101	$20,848
2029	$24,885	$25,790	$30,441
2030	$35,012	$36,044	$42,727
2031	$51,440	$52,882	$60,982
2032	$71,790	$73,905	$87,336

Ethereum Price Prediction 2023

Our Ethereum price prediction for 2023 is a maximum price of $2,983, indicating a significant gain on the current price. Due to the recent Shangai upgrade in the Ethereum network, we anticipate a minimum value of $2,121.12 and an average market price of $2,186.87. Ethereum is expected to surge throughout the year.

Ethereum Price Prediction 2024

According to our Ethereum price prediction for 2024, ETH will attain a maximum price of $4,560 based on our ETH price prediction for 2024. Again, investors can expect an average forecast price of $4, 022.43 with its lowest possible price at $3,887.97. Once the Ethereum blockchain network gets new development—including upgrades— the coin is expected to increase in price.

Ethereum Price Prediction 2025

According to our Ethereum price prediction for 2025, the ETH coin is expected to reach a maximum price of $6,838 by the end of the year. A minimum price of $5,815 and an average price of $6,016 are expected. With a higher adoption of blockchain-based applications in the future, Ethereum could see an enormous price increase.

Ethereum Price Prediction 2026

According to our Ethereum price prediction for 2026, ETH is expected to have a maximum price of $10,248. However, the minimum price of the coin is expected to be $8,168, while the average market price of the ETH will be $8,409.

Ethereum Price Prediction 2027

According to our Ethereum price prediction for 2027, ETH investors will record huge profits, as the cryptocurrency could reach a peak price of $13,945. Throughout the year, ETH is assumed to maintain an average price of $12,337 and a minimum price of $11,917. Due to reduced fees, transparency, security, and faster transactions, Ethereum could witness a surge in price.

Ethereum Price Prediction 2028

Based on our Ethereum price prediction for 2028, ETH could trade between a minimum price of $17,484, with a maximum price of $20,848. Again, the expected average price is $18,101.

Ethereum Price Prediction 2029

According to our Ethereum price prediction for 2029, Ethereum will trade at a maximum price of $30,441 thus, indicating an increase in the current price of up to a significant degree. Again, the cryptocurrency is predicted to maintain an average trading value of $25,790 and a minimum price of $24,885 throughout the year.

Ethereum Price Prediction 2030

According to our Ethereum price prediction for 2030, Ethereum is predicted to attain a maximum price of $42,727. We also expect a surge in the price support level leading to a minimum price of $35,012 and an average market price of $36,044.

Ethereum Price Prediction 2031

According to our Ethereum price prediction for 2031, ETH is expected to peak at $60,982. Also, an average price of $52,882, and a minimum price of $51,440 is expected.

Ethereum Price Prediction 2032

According to our Ethereum price prediction for 2032, the maximum price of Ethereum is expected to be $87,336. Also, ETH is expected to have a bullish year with loads of upside fluctuations, with its average trading price around $73,905, and a minimum price of $71,790.

Price Prediction by Wallet Investor

According to Wallet Investor, ETH is a bad long-term investment. They expect the coin to be worth $390.443. Furthermore, they expect the coin to devalue by 86.246% in five years.

Price Prediction by CryptoPredictions

According to CryptoPredictions, Ethereum will have a maximum trading price of $2,453. However, the lowest trading price of the coin is expected to be $1,668, while its average trading price is expected to be $1,809.

By 2025, the ETH coin is predicted to have a maximum price of $2,453. The minimum price of the coin is expected to be $1,668; the average price of the coin is expected to be $1,962.

CryptoPredictions also predict that Ethereum will have a maximum price of $3,742 by 2027. The average trading price of the coin is expected to be $2,9964, with a minimum price of $2,545.

Price Prediction by Digital Coin Price

Digital Coin Price is bullish on Ethereum. According to their forecast, they predict that the coin will be worth $4,598 maximum by the end of 2023. The average trading price of the coin by then is expected to be $4,476, while its minimum price is expected to be $1,876.

By 2026, ETH is expected to have a maximum price of $9,487, with a minimum price of $8,062. The average trading price of the coin is expected to be $9,293.

Furthermore, Digital Coin Price also predicts that Ethereum will have a maximum price of $15,687, with a minimum price of $14,141 by 2029. The average trading price of the coin by then is expected to be $15,584.

By 2032, Ethereum is expected to have a maximum price of $40,669, according to Digital Coin Price. By then, they predict that the coin will have a minimum price of $39,318, with an average trading price of $40,241.

Price Prediction by Coincodex

CoinCodex predicts Ethereum is a good long-term investment. They predict that the coin will have a maximum price of $9,889 in one year.

Coincodex also gave a long-term prediction on Ethereum based on tech growth. According to their prediction, ETH coin will be worth $4,639 by 2026 if it follows internet growth. Coincodex also said that Ethereum will reach a maximum price of $9,912 by 2026 if it follows Google’s growth.

Ethereum is expected to be worth $40,444 if it follows Facebook growth, according to Coincodex.

Price Prediction by Industry Experts

Famous crypto expert and Youtuber Anton Kharitonov gave a long-term price prediction on Ethereum. According to his forecasts, Ethereum is expected to be worth $2,486.82 to $3,039 by 2023. Furthermore, the expert predicted that the ETH coin will be worth $5,731 by 2025. ETH will have a minimum price of $23,447 by 2030, and the coin’s maximum price by then will be $29,982.

Currency Overview

ITB Widget Example

Ethereum Price History

Ethereum’s price history suggests that that crypto was worth significantly less in 2022 than in late 2021, although nowhere near the lowest price recorded. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world’s most expensive NFT for over 38,000 ETH – or 69.3 million U.S. dollars. Unlike Bitcoin – of which the price growth was fueled by the IPO of the U.S.’ biggest crypto trader Coinbase – the rally on Ethereum came from technological developments

Ethereum News/Opinions

Among the top 10 cryptocurrencies in the market, Ethereum continues to lead the pack in recording positive price movement this week. The smart contract crypto coin depreciated twice last week to settle slightly above the $2,000 support line last week. Luckily for the coin, the bulls came out this week in a renewed push to see it gain toward the coveted $3,000 mark. The $2,000 support line played a critical role in ensuring the continuation of the upward surge. The most recent surge has seen the crypto asset appreciate above the $2,700 mark, slightly missing the $2,800 mark.

Which is better as a store of value? Such is the age-old issue of Bitcoin vs Ethereum.  Bitcoin provides investors with a safer and more dependable option. Likely the greatest advantage Bitcoin has over Ethereum is its simplicity. Bitcoin’s value proposition is clear and easy to understand: it is a highly decentralized and secure digital store of value that provides holders with reliability. 

Ethereum, on the other hand, has no hard cap. While it does have a mechanism known as burning to remove ether from circulation, there is, technically, no overall limit on the number of ether which could enter the market. Unlike Bitcoin, this means that Ethereum is subject to unknown levels of inflation, which can decrease the value of each individual coin over time. So, now they’re burning ETH and they are hard on track with PoS.

More on Ethereum

Ethereum Milestones

Burning Ethereum is September’s event and frazzled many nerves who do not understand the burning process. The Ethereum network experienced a significant upgrade on August 5, 2021, which led to massive Ethereum burning.

It is called the London Hard Fork, and the latest upgrade was about five Ethereum Improvement Proposals (EIPs). These include EIP 1559, which aims to boost cryptocurrency mining and increase the speed of Ethereum-based network users.

Ethereum Merge 

The Merge refers to the joining of the original execution layer of Ethereum with its new proof-of-stake consensus layer, the Beacon Chain. The Merge eliminated the need for energy-intensive mining and enabled the network to be secured using staked Ethereum. It is an exciting step in realizing the Ethereum vision—more scalability, security, and sustainability.

Initially, the Beacon Chain shipped separately from Mainnet. Ethereum Mainnet – with all its accounts, balances, Smart contracts, and blockchain state – continued to be secured by proof-of-work (POW), even while the Beacon Chain ran in parallel using proof-of-stake (POS). The Merge was when these two protocols finally came together, and POS permanently replaced POW.

Ethereum is a spaceship that launched before it was ready for an interstellar voyage. The community built a new engine and a hardened hull with the Beacon Chain. The upgrade merged the new, more efficient engine into the existing ship.

Merging with Mainnet

On 15 September 2022, the Beacon chain successfully merged with the Ethereum mainnet completing Ethereum’s transition to proof-of-stake consensus, officially putting ETH miners out of work and reducing energy consumption by ~99.95%.

POW secured Ethereum Mainnet from Genesis until The Merge. POW allowed the Ethereum blockchain we’re all used to come into existence in July 2015 with all its familiar features—transactions, smart contracts, accounts, NFTs, ERC protocols, etc.

Throughout Ethereum’s history, developers prepared for an eventual transition away from POW to POS. On 1 December 2020, the Beacon Chain was created as a separate blockchain to Mainnet, running in parallel.

The Beacon Chain was not initially processing Mainnet transactions. It reached a consensus on its state by agreeing on active validators and account balances. After extensive testing with validators, it became time for the Beacon Chain to reach a consensus on real-world data leading to Merge. The Beacon Chain became the consensus engine for all network data, including execution layer transactions and account balances.

Proof-of-stake validators adopted the role of miners and are now responsible for processing the validity of all transactions and proposing blocks.

No transaction history was lost in The Merge. The Merge also included the entire transactional history of Ethereum.

Eth and its ERC derivative users do not need to do anything with your funds or wallet to account for The Merge. ETH is  ETH. There is no such thing as “old ETH”/”new ETH” or “ETH1″/”ETH2.0,” and wallets work the same after the upgrade.

The Merge and Sharding

Initially, the plan was to work on sharding before The Merge to address Eth scalability issues. However, with the boom of robust layer 2 scaling solutions, the priority shifted to swapping POW to POS first.

Sharding is the next major upgrade planned on the Ethereum mainnet. Considering the rise and success of layer 2 technologies to scale, sharding plans have shifted to finding the most optimal way to distribute the burden of storing compressed call data to allow exponential growth in network capacity. 

Sharding would be impossible without the first transition to POS.

What’s Ethereum Triple Halving?

The miners producing blocks on Ethereum are receiving approximately 14,000 new ETH per day. The chain’s inflation rate is somewhere around 4.5% annually and has no fixed supply, unlike Bitcoin.

The POW chain was shut off forever and replaced with a more efficient POS chain. Instead of miners, validators (stakers) will receive ~1,400 new ETH per day. The chain’s inflation rate was projected to drop to 0.5% annually, just 10% as much as today!

That’s cool, what about gas fees? Two things.

One is an upgrade from last August, EIP1559. All base fees are burned. Since then about 3% of the annual supply of ETH has been burned. With EIP1559 and the POS merge the total issuance will be around -2.5% per year. Ethereum will become deflationary.

And two… Contrary to popular belief POS will not reduce gas fees. It’s only meant to reduce the amount of new ETH being created. Gas fees will likely rise to uncomfortable levels and maintain until sharding potentially ~6 years out.

Welcome to Rollup-Centric Ethereum

Rollups reduce gas fees by 100-1000x essentially by rolling 100-1000 transactions into one single transaction. Some with the ability to use a mix of on and off-chain data computation.

The more congested the network is, the cheaper it becomes since there are more people to split the one gas fee with, opposite of what we have today.

But the greater concern is whether the current Ethereum Price Prediction algorithms will hold with the new structure. How will the projected Merge affect $ETH prices? Some of the ETH/USD price surges have been attributed to the general market trend reversal spurred by the slowing pace of inflation, but a great deal of outperformance is related to the Merge.

Ethereum Virtual Machine

The EIP 1559 upgrade considered the criticism faced by Ethereum for the rising transaction costs and network congestion by introducing the latest Ethereum burning method that simplified the process. Since the EIP 1559 upgrade, more than 300,000 Ethereum coins worth over $1 billion have been burned or taken out of circulation.

While speculators forecast that Bitcoin will be a store of value, supply and demand indicators reveal that Ethereum will likely morph into a world computer with the help of the Ethereum Virtual Machine.

Ethereum price predictions are essential for every investor looking to try his luck in the crypto industry. After the recent introduction of the network upgrade, Ethereum experienced a resurgence in demand and price action due to its value which could be expanded with NFT and DeFi spaces alongside its status as the ‘first-mover’ in the world of blockchain.

The most recent news item around Ethereum and EIP 1559 is a research paper published by students at Peking University, which Ethereum founder Vitalik Buterin applauded. 

Also, it was revealed recently that the after-effects of the London upgrade have already kicked in as the network 36 percent of newly issued Ethereum in just about two days.

Liquidity Depth of Ethereum

The liquidity depth of Ethereum and what developers have in mind to resolve scalability make Ethereum a topic of discussion across social media platforms.

There are Ethereum speculators angling to clip volatility and profit, but there are actual Ethereum holders and believers amid them.

Following the “DeFi Summer 2020″, it became painfully obvious that Ethereum could not scale, making it expedient to migrate from PoW to PoS consensus mechanism. Instead of miners, PoS relies on ETH stakers to validate transactions. That’s cleaner, faster, more scalable, and cheaper.

ETH’s Fundamental Analysis

Decentralized Applications (DApps) and Smart Contracts may be built on Ethereum’s open-ended, blockchain-based, public software platform. The usage of smart contracts eliminates the need for a third-party middleman. In a nutshell, smart contracts have well-specified terms and procedures in place to enforce them.

In contrast to conventional contracts, smart contracts are written in code that a computer can execute, eliminating the possibility of ambiguity. The smart contract code is performed on the Ethereum network, a single decentralized computer. As a result, all participating computers will agree on the outcomes of all smart contracts on the Ethereum network.

It is common for traditional software to depend on a central authority for data storage and processing. This necessitates faith in centralized power. Using smart contracts on the Ethereum network, decentralized applications (DApps) may be created. Data may be stored in smart contracts. The Ethereum network ensures that the smart contract code carries out all data activities. In other words, the data is safe and secure without the need for a single trusted source of information.

Ethereum Mining

Developers require Ethereum to build and execute apps on the Ethereum network. Payments for transaction fees and computational services may be made using Ethereum, a cryptocurrency.

Users may transmit Ethereum to other users using smart contracts, and developers can design arrangements that receive, keep, and transfer Ethereum. The Ethereum network uses mining to create Ethereum by validating transactional data. “Miners” are the people who do this validation.

Ethereum is given to miners that successfully validate a series of transactions. Miners adhere to a set of cryptographic principles that ensure the whole network’s stability, security, and safety. A digital public ledger known as blockchain records and verifies Ethereum transactions.

How do you get Ethereum?

Ethereum may be obtained in a variety of methods:

• ETH may be acquired on an exchange by using fiat cash.
• Exchanges that provide a BTC-ETH pair may trade ETH for Bitcoin.
• In certain cases, you may get it as a gift from someone else.
• There are two ways to get it: As a miner, either by joining a mining pool or acquiring a cloud mining contract

You may buy the cryptocurrency on Binance, OKEx, Mandala Exchange, CoinTiger, and Huobi Global are presently the leading cryptocurrency exchanges for trading Ethereum.

Ethereum Network History (2015-2022)

2014 – 2016

By August 2014, Ethereum had raised $18.4 million via an initial coin offering. They completed their test net, Olympic, in May 2015 and went live two months later in July 2015 with Frontier. But the first actual “stable” Ethereum was Homestead which was activated roughly a year later, in March 2016.

Because of developers’ forecasts and a prediction of a future shaped by the pure utility, a noteworthy development in Ethereum’s history is the DAO hack of June 2016. 15% of the network’s flexible total supply was siphoned on that day because of an Ethereum vulnerability exploit. This theft depressed ETH’s price but soon after, the price recovered, performing spectacularly over the years.

Because of a difference in ideology-and whether the best course of action was to recover stolen coins through a change in consensus, or hard fork, formed Ethereum Classic.

2017 – 2019

Code-improvement-wise, there has been a significant milestone. The first was Homestead, but it wasn’t until 2017 that Byzantium was activated.

Later Constantinople and Saint Petersburg saw the hardening of Ethereum miner rewards, the introduction of code that reduces the cost of smart contracting, and other features.

At the same time, the Ethereum network transits to Ethereum 2.0, whose game end, Serenity, could cement Ethereum as a leader in smart contracting and dApp deployment.

Most of these features were implemented a year later, in 2018, with blockchain technology.

Underpinning Ethereum is a decentralized open-source node system built or derived on some bits of Bitcoin’s source code.

The critical distinction is introducing a Turing complete virtual machine and smart contracts that enable code execution once certain on-chain conditions are met between the two transacting parties.

Because of smart contracts, the development world hasn’t been the same. An Ethereum smart contract is nothing more than a piece of self-executing code that, once executed, is irreversible, open, and immutable.

Like Bitcoin, Ethereum runs on its blockchain and has its native currency, Ethereum (ETH), and Solidity’s programming language. While Ethereum tokens comply with different standards, ERC-20, ERC-1155, or ERC-721-Non-Fungible Tokens (NFT), all fees are paid in Ethereum (ETH).

2019 – 2021

Ethereum ushered in new financing models in initial coin offerings, ICOs, immutable dApps, and most recently, decentralized finance (DeFi).

DeFi democratizes finance, is open, and owners of Ethereum can borrow in exchange for a stable coin or earn interest when they lend out their stash.

Even though Ethereum is a success and Ether-a digital currency valuable, it faces a scalability challenge because of too much use. The Proof-of-Work (POW) consensus model, Vitalik Buterin claims, is energy-intensive.

Combined with other factors, it could be hard to make Ethereum forecasts. There are several Ethereum proposals forwarded to resolve this.

EIP-1559 London hard fork has been deployed on the testnet, and now, there is a release of Ethereum 2.0, which will change the network forever.

The consensus is that the Ethereum network will shift from a Proof-of-Work to a Proof-of-Stake consensus model, which supporters say is energy-efficient secure.

Additional revenue streams from staking

One Ethereum reached its maximum price in April-May; everything changed. It became the center of attraction for many DeFi projects, but the exorbitant transaction fee.

People had to pay an average price of $120 for completing their transactions, while Ethereum’s projected growth was estimated to blow off the charts. The rates got so high that projects started switching over to the TRON chain.

But after the London hard fork was implemented successfully on the Ropsten testnet. The EIP-1559 was a much-awaited improvement in the network. The advancement towards ETH 2.0 caused higher fees in April-May but went down as the traffic from TRON shifted back to Ethereum. 

Conclusion

Ethereum is a great option for investors seeking a crypto-asset that has established value. The blockchain project on which Ethereum is based continues to expand and evolve, making it one of the most reliable investments in the space. With its low risk-reward ratio and a market cap of more than $224 billion despite last year’s price slump, Ethereum is one of the most attractive cryptocurrencies to buy now. It is a blue-chip crypto that stands as the world’s largest altcoin, making it an ideal choice for serious investors. We expect the long-term price of Ethereum to be $87,336.

Read more on our resources to make an informed decision. Or if you have ETH, maybe our resources on wallets will be helpful.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.