Ethereum

Ethereum Price Prediction 2024-2030: Factors, Updates

Published

4 months ago

11 July, 2024

Chain Feed Staff

Ethereum Price Prediction 2024-2030: Factors, Updates

History Highlights

The live price of the Ethereum token is $0.00000000.
ETH price could end trading for May 2024 with a potential high of $3,859.
By the end of 2030, the predicted price of Ethereum could reach a peak of $26,575.21.

The cross-border market started July on a bullish note after ending June on a negative note. Moreover, the largest altcoin by market cap, Ethereum token, successfully registered a bullish reversal. As the sudden decrease in supply projects a potential retest of the $3,400 mark, short-term sentiments are bullish and dominant.

Moreover, the long-term bullish trend and a potential market rebound could soon trigger a new bullish trend in Ethereum price. So, what’s the deal? Will Ethereum break above $5,000? Embark on this analytical journey where we dive deep into these questions and Ethereum price predictions from 2024 to 2030.

Preview

Cryptocurrency	ETH
Token	Bitcoin
Price	$0.00000000
Market capitalization
Trading volume	$0.0000
Circulating supply	0.0000
Record level	$4,891.70 November 16, 2021
Historic low	$0.4209 October 22, 2015
24 Top	$63,429.0300
24 Bottoms	$60,630.0000

ETH Price Prediction for July 2024

As Bitcoin price hovers near the $59,000 mark, ETH price has seen a surge in bullish price action. Moreover, with the recent surge in the market, Ethereum price has increased by over 1% intraday with a high/low of $3,129.02 and $3,025.51. Moreover, the altcoin leader is currently trading with a price of $3,100.81.

TradingView: ETH/USDT

It is worth noting that the Ethereum coin price has successfully retested its descending channel pattern support trendline, indicating an increase in price action. Moreover, the MACD is showing a steady rise in the red histogram with its averages registering a strong possibility of a bullish convergence in the 1D time frame.

If the broader market recovers, ETH price will regain momentum and prepare to test its upper resistance level of $3,400 in the coming weeks. Conversely, if the bears continue to dominate the cryptocurrency market, the altcoin leader will plunge towards its crucial support level of $2,800 if the psychological support barrier fails to absorb the increasing supply.

Price forecast	Low potential ($)	Average price ($)	High potential ($)
July 2024	$2,800	$3,100	$3,400

ETH Price Prediction 2024

As the volatile year 2023 draws to a close, the Ethereum market price is rallying remarkably, forming an ascending triangle pattern on the weekly chart. Bouncing back from the psychological barrier of $1,000 in November 2022, the bullish trend continues to gain momentum on the Ethereum weekly chart.

By breaking above the overhead resistance, ETH price surpasses the $4,000 barrier. Moreover, the breakout rally signals a longer bullish trend and avoids a death cross on the weekly chart. If buyers break Ethereum market cap above $5,000, the continuation of the bull run may increase exponentially in 2024. With potential Spot ETF approvals and Bitcoin halving effect on altcoins, ETH price may reach $10,000.

Price forecast	Low potential ($)	Average price ($)	High potential ($)
2024	$2,160	$5,871	$10,000

Factors influencing Ethereum price in 2024

Bullish factors

Dencun’s Upgrade will make Ethereum faster and cheaper to use, and more people will try to build applications on it.
Bitcoin Halving – When BTC rewards are reduced, some of the money could be transferred to Ethereum. This could drive up interest.
Growing adoption – More and more companies are experimenting with Ethereum every year. As its usage grows, it will attract more developers.
Ether ETF Request – Bullish expectations around Ethereum ETF application become one of the main bullish catalysts.

Bearish factors

Regulatory concerns – Governments can impose strict rules that add risk and uncertainty.
Market volatility – Prices of cryptocurrencies like Ethereum fluctuate depending on market conditions.
Competition – Networks like Solana and Cardano are trying to improve Ethereum. If they perform better, some users might switch platforms over time.

ETH Price Prediction 2025

Similarly, Ethereum, the second-largest cryptocurrency, is expected to maintain its upward trajectory and reach higher highs in 2025. Moreover, with increased adoption and demand for ETH, the ETH coin price can create a new all-time high of $14,925.

However, on the other hand, the ETH coin price may drop as low as $8,917, with an average ETH price of $10,421.

Price forecast	Low potential ($)	Average price ($)	High potential ($)
2025	8,917	10,421	14,925

Ethereum Price Prediction 2026-2030

ETH Price Prediction	Low potential ($)	Average price ($)	High potential ($)
2026	5,566.77	8,713.12	16,610.75
2027	6,800.10	15,246.74	28,705.44
2028	12,613.01	24,482.48	36,410.87
2029	$26,192.00	35,010.77	41,994.32
2030	30,647.23	43,563.01	56,575.21

ETH Price Prediction 2026

By 2026, the price of Ethereum is expected to reach a high of $16,610. Conversely, the price of ETH could drop to $5,566 with an average of $8,713.

ETH Price Prediction 2027

Similarly, Ethereum 2027 forecast predicts that the ETH coin price will reach a new all-time high of $28,705. However, a correction based on market weaknesses could lead the ETH cryptocurrency to $6,800, with an average of $15,246.

ETH Price Prediction 2028

In 2028, the chances of Ethereum dominating the cryptocurrency market increase as the price of ETH will potentially reach a new high of $36,410. Conversely, the altcoin could drop to $12,613, or an average of $24,482.

ETH Price Prediction 2029

As it approaches its all-time high of $41,994.32 in 2029, the Ethereum price is expected to break through the psychological barrier of $40,000. Conversely, in the event of a correction, ETH could reach a low of $26,192.00, with an average price of $35,010.77.

ETH Price Prediction 2030:

Finally, the price of the ETH cryptocurrency is expected to reach a new all-time high of $56,575.21 in 2030. Conversely, with a potential low of $30,647.23 and an average price of $43,563.01.

Ethereum Price Prediction by CoinPedia

Factors such as the successful move to PoS and the upcoming Danksharding upgrade will tip the scales in favor of the protocol. If the Ethereum network manages to scale remarkably with the upcoming upgrades and succeed in the adoption race, then the price of the ETH cryptocurrency will skyrocket.

Potentially, the price of Ethereum (ETH) coin will reach a new high of $10,000 before the end of 2024. Conversely, increasing FUD among investors and lack of updates could limit the value of 1 ETH to $2,160.

ETH Price Prediction	Low potential ($)	Average price ($)	High potential ($)
2024	$2,160	$5,871	$10,000

Market analysis

Company Name	2024	2025
DigitalCoin Price	$4,760	$6,763
Capital Governor	$6,622	$8,893

*We have created a table that includes possible price predictions for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective companies.

Upcoming Tokens in Dencun Upgrade

EIP-4788:EIP-4788 enhances the capabilities of the EVM, securely connecting the Ethereum execution layer to the beacon chain data for advanced LSD operations.
EIP-7514:Increasing Epoch loss limits via EIP-7514 aims to balance scalability with network accessibility amid increasing validator numbers.
EIP-7044:Simplifying staking with EIP-7044, this upgrade introduces permanent signatures for voluntary releases, improving security for stakeholders.
EIP-7045:EIP-7045 features extended attestation slots, strengthening the security of LMD-GHOST and paving the way for faster Ethereum block confirmations.
EVM Upgrade:EVM’s evolution continues with opcodes like EIP-1153 and EIP-5656, aimed at streamlining smart contracts while reducing gas costs.
EIP-7516:Introducing EIP-7516’s BLOBBASEFEE opcode, which facilitates the dissemination of real-time accumulated costs and the creation of derivative products based on L1 fees.

Historical Sentiments on Ethereum Price 2016-2024

Source: Trading View

FAQ

What is Ethereum 2.0?

Ethereum 2.0 is an updated version of the existing Ethereum blockchain, which aims to increase the efficiency, scalability, and speed of the Ethereum network.

What is the advantage of Shanghai Hard Fork?

This upgrade enables withdrawals of Beacon Chain staked Ether (stETH).

What is gas and what is it used for?

Gas is the small type of work processed on the Ethereum network. Gas measures the amount of work that needs to be done by miners in order to include transactions in the block.

What will be the maximum price of ETH by the end of 2024?

ETH price could reach a maximum of $3,825 by the end of 2024.

When is the next Ethereum Shanghai Hard Fork?

Ethereum Shanghai upgrade is scheduled for the first half of 2023.

How much will ETH price increase by the end of 2030?

According to our Ethereum price prediction, the price of the largest altcoin could reach a maximum of $4,616.77 by the end of 2025. ETH is expected to cross the $26,000 mark by 2030.

Will Ethereum retain its title as the largest altcoin as new protocols emerge?

With its dominance in DeFi, NFTs, and widespread awareness, Ethereum will continue to hold the crown of the largest altcoin. With the merger with ETH 2.0, Ethereum’s hold will be strengthened even further.

Will Ethereum Find More NFTs, DeFis, and Other Projects Using Its Network With ETH 2.0?

Yes, the Ethereum network will eventually welcome more projects to build on its chain, following its merge. It will also benefit from many improvements that will fundamentally strengthen the chain.

How much is 1 Ethereum worth?

At the time of publication, the price of 1 ETH was $3,100.81.

What if you invested $100 in Ethereum (ETH) in 2020?

If you invested in Ethereum in January 2020, the value of your ETH cryptocurrency investment increased by 1,300%. In short, the $100 would now be worth $1,400.

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Ethereum

QCP sees Ethereum as a safe bet amid Bitcoin stagnation

Published

4 months ago

31 July, 2024

Chain Feed Staff

QCP, a leading trading firm, has shared key observations on the cryptocurrency market. Bitcoin’s struggle to surpass the $70,000 mark has led QCP to predict Selling pressure is still strong, with BTC likely to remain in a tight trading range. In the meantime, Ethereum (ETH) is seen as a more promising investment, with potential gains as ETH could catch up to BTC, thanks to decreasing ETHE outflows.

Read on to find out how you can benefit from it.

Bitcoin’s Struggle: The $70,000 Barrier

For the sixth time in a row, BTC has failed to break above the $70,000 mark. Bitcoin is at $66,048 after a sharp decline. Many investors sold Bitcoin to capitalize on the rising values, which caused a dramatic drop. The market is becoming increasingly skeptical about Bitcoin’s rise, with some investors lowering their expectations.

Despite the continued sell-off from Mt. Gox and the US government, the ETF market remains bullish. There is a notable trend in favor of Ethereum (ETH) ETFs as major bulls have started investing in ETFs, indicating a bullish sentiment for ETH.

QCP Telegram Update UnderlinesIncreased market volatility. The NASDAQ has fallen 10% from its peak, led by a pullback in major technology stocks. Currency carry trades are being unwound and the VIX, a measure of market volatility, has jumped to 19.50.

The main factors driving this uncertainty are Value at Risk (VaR) shocks, high stock market valuations and global risk aversion sentiment. Commodities such as oil and copper have also declined on fears of an economic slowdown.

Additionally, QCP anticipates increased market volatility ahead of the upcoming FOMC meeting, highlighting the importance of the Federal Reserve’s statement and Jerome Powell’s subsequent press conference.

A glimmer of hope

QCP notes a positive development in the crypto space with an inflow of $33.7 million into ETH spot ETFs, which is giving a much-needed boost to ETH prices. However, they anticipate continued outflows of ETHE in the coming weeks. The recent Silk Road BTC moves by the US government have added to the market uncertainty.

QCP suggests a strategic trade involving BTC, which will likely remain in its current range, while ETH offers a more promising opportunity. They propose a trade targeting a $4,000-$4,500 range for ETH, which could generate a 5.5x return by August 30, 2024.

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Ethereum

Ethereum Whale Resurfaces After 9 Years, Moves 1,111 ETH Worth $3.7 Million

Published

4 months ago

31 July, 2024

Chain Feed Staff

Ethereum records $17.9 billion in spot volume despite 3% drop

An Ethereum ICO participant has emerged from nearly a decade of inactivity.

Lookonchain, a smart on-chain money tracking tool, revealed On X, this long-inactive participant recently transferred 1,111 ETH, worth approximately $3.7 million, to a new wallet. This significant move marks a notable on-chain movement, given the participant’s prolonged dormancy.

The Ethereum account in question, identified as 0xE727E67E…B02B5bFC6, received 2,000 ETH on the Genesis block over 9 years ago.

Screenshot 2024 07 30 at 171307

This initial allocation took place during the Ethereum ICOwhere the participant invested in ETH at around $0.31 per coin. The initial investment, worth around $620 at the time, has now grown to millions of dollars.

Recent Transactions and Movements

The inactive account became active again with several notable output transactions. Specifically, the account transferred 1,000 ETH, 100 ETH, 10 ETH, 1 ETH, and 1 more ETH to address 0x7C21775C…2E9dCaE28 within a few minutes. Additionally, it moved 1 ETH to 0x2aa31476…f5aaCE9B.

Additionally, in the latest round of transactions, the address transferred 737,995 ETH, 50 ETH, and 100 ETH, for a total of 887,995 ETH. These recent activities highlight a significant movement of funds, sparking interest and speculation in the crypto community.

Why are whales reactivating?

It is also evident that apart from 0xE727E67E…B02B5bFC6, other previously dormant Ethereum whales are waking up with significant transfers.

In May, another dormant Ethereum whale made headlines when it staked 4,032 ETHvalued at $7.4 million, after more than two years of inactivity. This whale initially acquired 60,000 ETH during the Genesis block of Ethereum’s mainnet in 2015.

At the time, this activity could have been related to Ethereum’s upgrade known as “Shanghai,” which improved the network’s scalability and performance. This whale likely intended to capitalize on the price surge that occurred after the upgrade.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ethereum

Only Bitcoin and Ethereum are viable for ETFs in the near future

Published

4 months ago

31 July, 2024

Chain Feed Staff

BlackRock: Only Bitcoin and Ethereum Are Viable for ETFs in the Near Future

Bitcoin and Ethereum will be the only cryptocurrencies traded via ETFs in the near future, according to Samara Cohen, chief investment officer of ETFs and indices at BlackRock, the world’s largest asset manager.

In an interview with Bloomberg TV, Cohen explained that while Bitcoin and Ethereum have met BlackRock’s rigorous criteria for exchange-traded funds (ETFs), no other digital asset currently comes close. “We’re really looking at the investability to see what meets the criteria, what meets the criteria that we want to achieve in an ETF,” Cohen said. “Both in terms of the investability and from what we’re hearing from our clients, Bitcoin and Ethereum definitely meet those criteria, but it’s going to be a while before we see anything else.”

Cohen noted that beyond the technical challenges of launching new ETFs, the demand for other crypto ETFs, particularly Solana, is not there yet. While Solana is being touted as the next potential ETF candidate, Cohen noted that the market appetite remains lacking.

BlackRock’s interest in Bitcoin and Ethereum ETFs comes after the successful launch of Ethereum ETFs last week, which saw weekly trading volume for the crypto fund soar to $14.8 billion, the highest level since May. The success has fueled speculation about the next possible ETF, with Solana frequently mentioned as a contender.

Solana, known as a faster and cheaper alternative to Ethereum, has been the subject of two separate ETF filings in the US by VanEck and 21Shares. However, the lack of CME Solana futures, unlike Bitcoin and Ethereum, is a significant hurdle for SEC approval of a Solana ETF.

Despite these challenges, some fund managers remain optimistic about Solana’s potential. Franklin Templeton recently described Solana as an “exciting and major development that we believe will drive the crypto space forward.” Solana currently accounts for about 3% of the overall cryptocurrency market value, with a market cap of $82 billion, according to data from CoinGecko.

Meanwhile, Bitcoin investors continue to show strong support, as evidenced by substantial inflows into BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT). On July 22, IBIT reported inflows of $526.7 million, the highest single-day total since March. This impressive haul stands in stark contrast to the collective inflow of just $6.9 million seen across the remaining 10 Bitcoin ETFs, according to data from Farside Investors. The surge in IBIT inflows coincides with Bitcoin’s significant $68,000 level, just 8% off its all-time high of $73,000.

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Ethereum

Ethereum Posts First Consecutive Monthly Losses Since August 2023 on New ETFs

Published

4 months ago

31 July, 2024

Chain Feed Staff

Ethereum sees first monthly consecutive losses since August 2023 amid new ETFs

Available exclusively via

Bitcoin ETF vs Ethereum: A Detailed Comparison of IBIT and ETHA

Andjela Radmilac · 3 days ago

CryptoSlate’s latest market report takes an in-depth look at the technical and practical differences between IBIT and BlackRock’s ETHA to explain how these products work.

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