These days, cryptocurrencies are gaining traction, among which is Ethereum (ETH). Ethereum has smart contract functionality and provides a safe and secure system of transactions and trading. Created by Vitalik Buterin, Ethereum is an advanced blockchain project well-known among cryptocurrency enthusiasts due to its nodal position in the crypto sphere.
Before we get into the Ethereum price predictions for 2022-2025, let’s look at the coin details.
|Price Change 24h||+1.56%|
|Price Change 7d||-7.18%|
|Circulating Supply||121,090,051 ETH|
What is Ethereum?
Following Bitcoin’s success, a young programmer named Vitalik Buterin showed interest in the new financial technology and thought that the idea could be improved and used for purposes other than payments. He conceived the concept of Ethereum in 2013 and launched the platform two years later, in 2015. Besides Buterin, Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, Amir Chetrit, Joseph Lubin, Gavin Wood, and Jeffrey Wilke are also credited as founding members of Ethereum.
The Ethereum blockchain can run smart contracts, which are pieces of computer code designed to operate autonomously. Smart contracts are primarily used to run decentralised applications (dApps) such as CryptoKitties, DEXs, Defi and others. They serve as trophies for the owners to prove and transfer ownership via the Ethereum blockchain. The technology is also used to apply ownership rights to other one-of-a-kind tokens, called non-fungible tokens, or NFTs.
A crowd sale entirely funded the development of Ethereum, resulting in 72 million pre-mined coins in the hands of long-term holders. In 2016, the DAO project – a decentralised autonomous organisation – suffered the theft of over $50 million in Ethereum supply. Later, Ethereum was split into two blockchains. The new version became Ethereum (ETH), and the original blockchain continued as Ethereum Classic (ETC).
What is Ethereum Used For?
Some may assume that most cryptocurrencies are the same, but itiIt is the use case that distinguishes them. Since Ethereum is the second-largest coin, people have chosen it for various reasons.
Decentralised finance, often known as Defi, allows users to conduct financial transactions via blockchain networks. Ethereum allows for peer-to-peer payments without third-party intermediaries such as exchanges, banks, or brokerages.
The Defi market is constantly open, and users can send money anywhere in the world, purchase Defi tokens, exchange cryptocurrencies, and get insurance.
Some factors determine Ethereum transaction fees. It’s typically over $3, but it dropped to $1.56, which may not seem like much, but if your transaction is $10, the costs are 20% or higher.
Non-Fungible Tokens (NFTs)
Have you ever considered how to spend Ethereum? NFTs have enabled the digitalisation of videos, art, and music. They are tokens tied to assets and provide value to them. NFTs have grown in popularity, with several celebrities endorsing and owning them.
The NFT market was valued at $41 billion in 2021 and is expected to rise by $147 billion by 2026. NFTs are secured by the Ethereum blockchain with only a single owner. You can purchase NFTs in various places and platforms, such as CoinSpot’s in-platform NFT marketplace.
Decentralised Autonomous Organisations
Decentralised autonomous organisations (DAOs) employ smart contracts to make collaborative choices across networks. DAO members own and run them and have built-in treasuries that are only accessible with the group’s permission.
The DAO codes are rules that govern their spending and are fully public. Decisions are made through voting and suggestions to guarantee that all members have a voice. Votes are automatically counted, just like in a democratic system. There is no involvement of a third party in the voting process.
DAO projects include fundraising for charity and business ventures.
Ethereum Price History
Is Ethereum a suitable investment? When Bitcoin’s bull run restarted at the end of 2020, Ethereum followed suit. Most cryptocurrencies remained stagnating, but Ethereum’s growing use case convinced investors of its enormous potential. Most investors did not anticipate Ethereum (ETH) to soar as it did, but it has more than doubled from its all-time high in 2018. Let’s take a look at the ETH’s price volatility.
Ethereum network’s development and crowdfunding started in 2014 and went live the following year. It then fluctuated throughout 2015, but it significantly increased at the onset of 2016. From January to March 2016, investors saw a 1,300% gain from just over $1 to $15.20. Following a drastic downturn, the price lost more than half its value, with ETH ending the year at a little over $8.
Ethereum Price History. Image: Trading View
Ethereum’s price consolidated from January to March 2017 but increased in March 2017 and ascended in April, reaching $53. The price continued to rise throughout the rest of 2017, with large retraces of 40%. However, this did not prevent Ethereum from achieving a new all-time high of $1,430 in January 2018.
After reaching its peak in 2018, Ethereum started a multi-year bear market. The digital currency fell to $97 during the worldwide lockdowns in March 2020. Investors were terrified at the moment, but the drop was brief, as Ethereum formed a V-bottom and resumed soaring to $481 in September 2020.
The ether price was set to last until November 2020, continued rising in December and reached a new all-time high of $4,300 in May 2021. Those investing in ETH in March 2020 saw a 4,600% bull run. But that wasn’t the end of the story. After establishing an ATH, Ethereum lost 60% of its value, but it rose back to set a new ATH of $4,840 in November 2021.
Ethereum, which was in a slump after setting an ATH, lost 64% of its value and was worth $1,715 in May 2022. Prices rose somewhat at the end of May, but additional declines are possible. That makes sense because the cryptocurrency market has demonstrated a tendency to retest recent highs. By falling below $1,400, Ethereum will retest its January 2018 peak.
What Influences Ethereum’s Price
Ethereum gained popularity as the first blockchain to employ smart contracts, essentially coded instructions on the blockchain that perform financial transactions using algorithms. However, it’s worth noting that new Ethereum competitors with comparable characteristics are entering the market, affecting the demand for ETH in both positive and negative ways. Here are some of the factors that influence the price of Ethereum.
High Traffic and Utilisation
Smart contracts enabled artists and creators to mint (create) and sell digital artwork known as non-fungible tokens (NFTs). This turns out to be both a blessing and a curse for Ethereum since its popularity caused what some refer to as a “bottleneck” on the blockchain. With so many users, Ethereum transactions are becoming increasingly costly. In response, the Ethereum team has made additional modifications to its infrastructure, although it has taken several years to develop the technology.
Meanwhile, several new businesses have developed add-on solutions (Layer 2s) on the current Ethereum network. Furthermore, new blockchain networks (Layer 1s) were created and advertised as potential Ethereum replacements, diverting traffic away from the Ethereum blockchain and leading to the new rivalry – both boosted and reduced any product’s market appeal.
For investors, more individuals utilising the Ethereum network means greater support for the value of their investment. Thus, rivals who lure Ethereum users away may harm the token’s value over time.
First Mover Advantage
Analysts frequently argue that Ethereum’s “first mover advantage” has positioned it for long-term success despite developing newer and more environmentally friendly technology. However, since cryptocurrencies are only valued because of community support, user dedication is more crucial than being the first.
Luckily, Ethereum has both. Ethereum indeed has the first-mover advantage, but what’s more important is the health and size and the number of developers of that community. These are factors that facilitate innovation.
Solana and Cardano, two new blockchains, possess comparable features to Ethereum and have their native coins. Nonetheless, analysts believe Ethereum is well-positioned to expand with its users and satisfy changing demands in the future. The Ethereum network can improve its capacity if it wants to, and the Ethereum community is seemingly willing to wait and see if it does.
Related articles: Cardano Price Prediction 2022 -2030: Can ADA Climb Back To Its Height?
Competition From ‘Ethereum-Killers’
If cryptocurrency and NFT become trending terms in 2021, Web3 seems to follow suit in 2022. Web3 refers to an open-access version of the internet based on blockchain technology. The third generation of the internet will help financial transactions be more transparent, people have greater control over their data, and users possess most of the infrastructure through cryptocurrency.
Companies like Ethereum and comparable blockchains such as Solana, Cardano, and Tezos are trying to build the infrastructure to support the future vision of Web3. Investors compare these innovations to the dot-com boom when Google, Apple and Meta initially gained public attention. It’s expected that the struggle for Web 3 and the subsequent development of the internet will be in 2022.
Experts Take on ETH Price Prediction
The more, the merrier. The more the experts’ ratings and predictions for the Ethereum price are, the better. Let’s see what industry experts predict for ETH investment over the next five years.
Based on our Ethereum price predictions, a long-term increase is expected, and the price prognosis for 2027 is $14505.30. With a 5-year investment, the revenue is expected to be around +406.05%.
According to our ETH price prediction, the coin might cross the $3000 price mark by the end of 2022. The maximum price might be around $3305, and the minimum around $2247. The average price of Ethereum for December 2022 might be about $2644.
By the end of 2022, the ETH price might be at $3553. Maximum price $4223, minimum price $3553. The average for December 2022 will be around $3819. Ethereum price forecast at the end of December 2022 might be about $3947, a change for the month 11.1%.
By the time 2024 approaches, we can see ETH resting at the mark of $4940 as per our ETH price prediction.
Digital Coin Forecast
ETH Price Prediction from 2022 to 2025
According to Ethereum price forecasts, ETH is a good investment asset compared to Bitcoin, as well as for traders who want to profit from the price swings in the short and long term.
Ethereum Price Prediction 2022
Ethereum dropped by 60% after reaching its all-time high in November 2021. Then, it fell for the past six months, ending at $1,900 in May 2022. But there’s more terrible news on the way. Cryptocurrency prices have retested their earlier highs, indicating another decline to approximately $1,400 for Ethereum.
The price will find significant support at that level. Investors shouldn’t be shocked if that level holds, as it has for more than a year. If that level holds, our Ethereum price forecast for 2022 suggests that it will rise to $4,000 by the end of the year, when it will face stiff opposition.
Ethereum Price Prediction for 2022. Image: Trading View
The Ethereum team has been working hard preparing the platform for second-generation enhancements. Transitioning to Ethereum 2.0 can make it more economical to mine Ethereum. Users can design items for less than the current excessive service fees.
It will take more than sentiment to push the price above the $4,000 threshold. Platforms with comparable functionalities but cheaper costs have competed with Ethereum.
Ethereum Price Prediction 2023
A long-term prediction for the price of Ethereum necessitates an examination of the fundamentals. The more significant Ethereum’s adoption is, the more probable the price will climb. A catalytic event is one method for the cost to burst past resistance at roughly $4,000 when it hits that level. This event might be the release of Ethereum 2.0.
As a result, the platform can handle thousands of transactions per second, resulting in cheaper transactions and quicker applications. The Ethereum platform aims to make Ethereum more secure against hacks and more environmentally friendly. On another note, current technology consumes a large amount of computational power and energy.
These elements must be integrated into the Ethereum network before receiving mainstream adoption. With the creation of such a platform, Ethereum’s user base will grow, potentially leading to more shops embracing the network and institutional investors investing in it. This will drive Ethereum’s price to its all-time high in November 2021 and break past that resistance. The most likely outcome is a retest of the new support at around $4,840. The currency will continue to rise and reach a new high, most likely approximately $6,000.
Aside from the planned Ethereum 2.0 update, the Ethereum blockchain is home to many non-fungible tokens (NFTs). The NFT market has grown dramatically recently, with some NFTs fetching millions of dollars. Greater NFT market expansion equals more Ethereum adoption and a higher price.
Ethereum Price Prediction 2024
With any changes in legislation and regulations, Ethereum may experience cloudy days. Assume Ether crypto maintains a steady support level around a 200-day moving average. In that situation, purchasers can have sufficient time and stability to forge the next attack mission on the critical level at $4800, ensuring that it does not drop but continues to rise regularly.
According to cryptocurrency specialists’ technical analysis of Ethereum prices, ETH is anticipated to have the following lowest and maximum values in 2024: about $5,239.91 and $6,345.88, respectively. The projected trading cost is $5,389.74 on average.
Ethereum Price Prediction 2025
What went up must come down, according to the Ethereum price chart. Following each bull run, the cryptocurrency market has undergone a multi-year down market. Since Bitcoin’s debut in 2009, there have been three big bull runs: in 2013, 2017, and 2021. We anticipate a blow-off peak in 2025, after which the coins will hit new highs.
After the crypto market hits its peak, history shows that the price drops for the next several years. There are undoubtedly retracements along the road, and investors are caught off guard believing it’s a pump, but those moves are part of a bear market.
So, what will happen to the price of ETH in a bear market? It’s hard to predict when Ethereum will bottom in the impending bear market, but 2025 appears to be a bear market year for the crypto sector.
Most cryptocurrencies dropped by 90% in crypto bear markets. If Ethereum achieves a new all-time high of $6,000, it will fall back to $600. That may appear implausible, yet ETH dropped 94% of its value in March 2020 after reaching its all-time high in 2018.
Ethereum Price Prediction for 2025. Image: Trading View
Where to Buy ETH in Australia?
You can purchase cryptocurrencies on the exchanges such as Binance, CoinSpot, Crypto.com and so on. Among multiple platforms, CoinSpot is the best place for you to invest in ETH. Founded in 2013, CoinSpot is Australia’s largest cryptocurrency platform trusted by over two million Australians. The platform makes it simple to buy and sell Ethereum, regardless of your trading expertise. Unlike other Ethereum exchanges that demand expertise and technical understanding, CoinSpot simplifies the entire trading procedure for both novice and advanced traders.
In addition, CoinSpot offers multilayer security and comprehensive support systems, so you can purchase Ethereum with confidence, knowing that customer support is 24/7. Their exchange provides a variety of trading alternatives that allow you to trade Ethereum in the way that is most convenient for you. You’ll feel at ease with CoinSpot right away, and you’ll have access to everything you need to purchase, sell, and manage your cryptocurrency.
To know more about CoinSpot’s special features and transaction fees, you can read our comprehensive review of CoinSpot.
The Final Thoughts
Ethereum has earned the trust of big commercial firms since its real-world applications have also covered 11 crucial sectors about which these firms cared. Ethereum’s vast developer community, which focuses on blockchain protocol enhancements, are regarded as a technological advantage by corporate organisations.
Ethereum’s growth is expected to reach extraordinary highs, comparable to the ICO craze, and it is presently trading slightly around $2860. Ethereum has long been regarded as a panacea for application developers, and solutions to real-world issues like money transfers and distributed finance were developed on the Ethereum blockchain.
Showing so much promise, Ethereum has the support of all industry crypto connoisseurs. ETH can be a good digital asset to invest in compared to Bitcoin, but based on our ETH prediction for 2022-2025, it has to be invested at the right time with the right price gauge.
Will Ethereum go up in 2022?
It all comes down to how smart contracts are mass-adopted. This will be a crucial controlling element in driving up Ethereum prices. That will undoubtedly occur, and ETH investment will likely exceed all expectations, according to our Ethereum price prediction 2022-2025.
Can Ethereum make you rich?
ETH may be a good investment and a long-term source of income if you plan all of your investing selections intelligently and strategically. As a miner or regular investor in the currency, the ETH price trend might be profitable in terms of exchange rate worth over the long run. There is no proven way to make rich quickly, but investing in ETH can be beneficial.
Who owns the most ETH?
There are around 157,000,000 different Ethereum addresses as of June 9, 2021. However, because a single person might have many addresses, this isn’t a reliable measure of the number of ETH holders. Vitalik Buterin, the Ethereum project’s co-founder, is one of the largest individual Ethereum holders, with numerous Ethereum wallets totalling over 325,000 Ether. Buterin had a significantly large Ether holding before reducing it by donations.
Is ETH better than Bitcoin?
Unlike Bitcoin, the Ethereum blockchain was built to perform many more things since it is more prevalent among developers. Bitcoin’s primary objective is to facilitate financial transactions. Ethereum, on the other hand, permits developers to construct tokens and sub-platforms on its blockchain. According to current news and price trends for Bitcoin and ETH, the latter has shown a constant rise.
Related articles: Ethereum vs Bitcoin: What Crypto Investors Need To Know?
Is Ethereum the future?
Ethereum is among the most well-known altcoins, and for many investors and fans, it is much more than another cryptocurrency. According to analysts, its value might be up to $4,000 by 2022. ETH may be the future since it is the first to offer smart contracts or paperwork that does not require human participation.
Can Ethereum contracts pull data via third-party APIs?
No. ETH contracts cannot access data from external sources in this manner. However, data from external websites may be pushed to Ethereum contracts via transactions. There are Ethereum-compatible “oracle” services that will pull/push data to the Ethereum network for a fee.
Will Ethereum 2.0 replace Ethereum?
Ethereum 2.0, also known as Serenity, is an upgrade of Ethereum that includes new features to increase Ethereum’s functions and prices. The Ethereum blockchain’s next update is set to launch soon, in a phased and consistent manner, with market testing and trials to ensure broad acceptance and acceptability.
Can I still mine Ethereum after PoS?
Miners and investors will have two alternatives once Ethereum operates solely on PoS rails. One option is to sell the equipment, use the proceeds to invest in ETH, and begin staking. The other option is exclusive for GPU miners, who can move to other Ethash networks and mine altcoins.
Will Ethereum Merge increase the price?
The Ethereum merger will change the blockchain’s validation methodology from proof-of-work to proof-of-stake. The merger will cut Ethereum’s energy consumption by around 99.5%. Once Ethereum has moved to Ethereum 2.0, ETH’s price is expected to be even higher in 2022. The new upgrades can make Ethereum more economical for consumers to mint and build goods, because service fees for using Ethereum are now rather high.