Ethereum (ETH) is a highly sought-after crypto that has gained immense popularity due to its status as a feature-rich and actively evolving blockchain project. But what is the Ethereum price in the next decade? As crypto investors, you may be interested in Ethereum price predictions to make informed investment decisions. This article delves into the historical trajectory of its price along with current indicators and gives Ethereum price predictions for 2024-2030.
Ethereum (ETH) Market Statistics
Market price $2,601.12 | Market cap $314,244,252,285 | Trading Volume $12,087,174,516 |
Price change 24hrs 0.31% | Price change 7 days -1.75% | Price change 30 days -23.79% |
Circulating supply 120,293,672 ETH | Total supply 120,293,672 ETH | Max supply Infinity |
24hrs high/low $2,645/$2,573 | 7 days high/low $2,642/$2,601 | 30 days high/low $3,473/$2,373 |
Ethereum’s technical analysis
Weekly basis
The technical analysis for Ethereum in 1 week is presented using three indicators, which are the Moving Average, Relative Strength Index, and MACD.
- Moving Average
On the weekly chart, Ethereum is showing bullish momentum with the 50-day moving average trending upward and lying above the current Ethereum price, which could act as a resistance during the next interaction.
The 200-day moving average has also been sloping up since 1/25/2024, indicating that the trend is robust. Moreover, the 200 weekly moving average lies below the current price, which means it could serve as support if the price revisits that level, helping to sustain the bullish trend.
Based on the movement of the 50-day and 200-day moving averages, it could constitute a bullish price prediction for Ethereum on the weekly time frame.
- Relative Strength Index
At the moment, the RSI is in the neutral range of 30-70, which means that the price is neither overbought or oversold. This could suggest a neutral trend, with the price remaining stable.
- MACD
The MACD Histogram shows a bullish divergence, and this could mean the price is going to reverse as well.
Ethereum Price History Analysis
The last quarter of 2022 proved bearish for ETH, attempting a rally to $1682.49 but facing failure. This led to a significant decline, hitting a yearly low at $1143.72. The coin’s dynamics shifted, with the previous support turning into resistance by year-end.
In 2023, market sentiment changed, and bulls took control, sparking a rally that turned the previous resistance of $1682.49 into strong support by April. A new resistance formed at $1977.36, setting the expected price range. From mid-March to mid-August 2023, ETH consolidated between $1770 and $1950, signalling market indecision.
Post-mid-August, ETH broke out of consolidation but in a downward movement. Despite a small upward movement by the period’s end, trading volume showed periods of reduced activity, indicating market uncertainty. Bollinger Bands stayed contracted, reflecting low volatility, with a notable bullish crossover above the 20-week MA until July.
The RSI displayed bullish dominance from January to April 2023, reaching 67.65. However, it descended below 50 in subsequent months, hitting 40.00 by mid-September and standing at 49.51 in early October, suggesting bearish undertones.
According to CoinMarketCap, Ethereum (ETH) has been recognised as the second largest cryptocurrency by market cap since 2016. The platform also indicates that Ethereum is the third best performing asset in the CoinMarketCap top 100 since 2013, with a more than 700x increase.
Last year, the ETH’s price has raised more than 158%, from $1,680.30 on March 12th, 2023, to $3,975.93 on March 12th, 2024.
To many experts, Ethereum’s recent performance has been strong through the Crypto Winter of 2022–2023. The coin’s market dominance has been 17–19%, holding strong through the Bitcoin ETF price rises.
Ethereum (ETH) Price Prediction for the next 30 days
Date | Price |
August 23, 2024 | $2,610.32 |
August 24, 2024 | $2,612.01 |
August 25, 2024 | $2,614.45 |
August 26, 2024 | $2,615.72 |
August 27, 2024 | $2,613.30 |
August 28, 2024 | $2,620.02 |
August 29, 2024 | $2,628.37 |
September 21, 2024 | $2,636.77 |
Ethereum (ETH) Price Prediction 2024 – 2030
Year | Price |
2024 | $2,636.32 |
2025 | $2,768.13 |
2026 | $2,906.54 |
2027 | $3,051.87 |
2028 | $3,232.92 |
2029 | $3,349.04 |
2030 | $3,532.92 |
2024 Ethereum Price Prediction: Our analysis suggests that Ethereum’s price in 2024 is expected to be around $2,636.32
2025 Ethereum Price Forecast: Looking ahead to 2025, our analysis indicates a price range for Ethereum between $2,643.57 and $2,780.89, with an average ETH price of approximately $2,768.13.
2026 Ethereum Price Prediction: In 2026, Ethereum’s price is projected to vary between $2,880.54 and $2,920.78, with an average ETH price around $2,906.54
2027 Ethereum Price Forecast: The anticipated price range for Ethereum in 2027 is between $2,995.87and $3,121.64, and the average ETH price is estimated to be around $3,051.87.
2028 Ethereum Price Prediction: Moving to 2028, our analysis predicts Ethereum’s price to fluctuate between $3,203.04 and $3,263.99, with an average ETH price of approximately $3,232.92.
2029 Ethereum Price Forecast: Looking further into 2029, Ethereum’s price is expected to range from $3,299.46 to $3,383.98, with an average ETH price of around $3,349.04.
2030 Ethereum Price Prediction: In 2030, Ethereum’s price is forecasted to vary between $3,378.67 and $3,973.32, and the average ETH price is projected to be around $3,532.92.
Article Sources
At CoinCulture, we value content that is authenticated and helpful. All information is supported with white papers, government data, authorised organisations reports, and interviews with industry experts. We also reference original research and articles from other trusted publishers.
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