In the cryptocurrency world, if Bitcoin is the gold, then Ethereum is the silver. Although Bitcoin is the world’s most popular cryptocurrency, Ethereum is right behind it with a close second place. While Bitcoin might get all the headlines in the cryptocurrency space, Ethereum has been the better investment in the past six years. After Bitcoin, it is the second-largest cryptocurrency in terms of market capitalization. At the time of writing this article on July 12, 2021, about Ethereum Price Predictions, It has a total market capitalization of $237.02 billion. Also, $16.88 billion worth of Ethereum was traded on exchanges like Binance, CoinEx, Luno, Upbit, etc.
For the Ethereum price forecast, first, we take a look at the historical records of ETH. There is a fact that no one can accurately predict the future of Ethereum (ETH) or any other cryptocurrencies. Thus, our only option is to run a technical analysis on Ethereum (ETH) using historical price data and various algorithms to make Ethereum price predictions. These are all based on historical data; however, the monitoring of historical trends in the market can provide a highly accurate prediction. Therefore, please continue reading this article to discover whether ETH is a worthwhile investment or an altcoin destined for a decline.
Ethereum (ETH) price history in 2021
Ethereum (ETH) has increased rapidly at a rate of 332% per annum since October 2015, when it launched and traded at just 50 cents per coin. Ether was performing enormously well in December 2017. The price surpassed the $500 resistance level. Then it moved to $730 towards mid-December and managed to reach $900 towards the end of the month. In essence, 2017 was a landmark year for Ethereum, and ETH experienced a rapid and unparalleled increase, jumping to a price of $730 from just over $8, meaning an extremely exponential growth in less than a year; however, it was a short-lived growth. As you can see from the graph above, the last time Ethereum reached record highs in January 2018, then the price proceeded to crash from $1,300 down to $83. Since then, it has been recovering moderately and steadily.
It didn’t show dramatic movements during the last two years; however, it grew by %100, increasing from $200 to $400 within just fifteen days in July 2020. Ethereum’s price started in 2021 at $735.34. Today, Ethereum is trading at about $1,909.63. So ETH has undoubtedly had a price increase approximately by 160% from the beginning of the year. On January 19, 2021, Ethereum prices hit a new level by rising %14 to over $ 1,400, trading in the range of $1,435. January 25, 2021, the value of Ethereum reached a record high of $1,470, breaking its previous mark. According to the daily ETH/USD chart, the price has appreciated steadily since 25 of April with just a few red candles.
Daily ETH/USD chart May 12, 2021
Again, in May 2021, Ethereum hit an all-time high of $4,382.73. But it didn’t last long. A combination of government crackdowns and market uncertainties contributed to a crash. And the fallout affected everyone.
On 13 July 2021, Ethereum’s price was at $2,026 while dealing with bearish pressure. Holding above $2,000 is an absolute necessity for the reversal of the downtrend. Nevertheless, the general technical outlook points to a further decline in ETH price in the near term. But more generally, most experts and investors don’t expect this bearish adjustment to last long.
The Ethereum London Hard Fork is expected to go live on August 4, 2021. Which has seen increased demand for ETH over the last few weeks. The forecasted Ethereum price at the end of 2021 is $4,102. Additionally, FXStreet predicted a $3,000 ETH price by the end of 2021. Coinpedia predicts a $5,000 price before the end of the year. And Digitalcoin Price expects an Ethereum price of $3,700 in 2021 and $8,000 by 2025.
Expert’s Opinions on Ethereum price predictions in 2021 and beyond
According to Crypto Rating, Ethereum could reach $100,000 by 2030. This price prediction has further been endorsed by notable investors such as Dan Morehead, CEO of Pantera Capital, and Nigel Green, the founder of the deVere Group that forecast the price will rise to $100,000 during the next bull market. Recently, Crypto Rating released another optimistic forecast that expects the price of Ethereum to reach $16,000 and a market cap of $1.8 trillion by 2025. From mid-January 2021, Ethereum Price Predictions represents a %3,274 increase.
Ether price predictions chart – 5 year
CoinPedia, anticipates ETH to reach $50,000. It might happen because, as crypto analyst Andrew Keys explains, Ethereum might solidify its position as a potential base “of the global digital economy by underwriting the world’s contracts.” In reality, the demand for ETH is partly because of DeFi (i.e., Decentralized Finance) protocols running on its blockchain, as well as gas fees, which have hit a new peak of $39. With most DeFi protocols on the Ethereum Blockchain, breaking the $50,000 is starting to look like a real possibility over the coming years.
Prime XBT‘s Ethereum price prediction is that it may reach $70,000 between 2024 and 2025. This will, however, not happen safely. They predict that it could tumble in 2024 before jumping in 2025 to reach this price.
Brian Schuster, the founder of Ark Capital and blockchain advisor, has also high hopes for the future of Ethereum. He ambitiously declared that Ethereum would be worth $100,000 by the end of 2025. He believes that ETH will be a better store of value than gold. Although generally, Bitcoin still serves as a better source of value than ETH. Aside from that, Ethereum will likely be the driving force behind the growth of the blockchain industry.
Based on Simon Dedic, the co-founder of Blockfyre and managing partner of Moonrock Capital, the price of ETH may eventually get to $9,000 within the next five years. James Todaro, the managing partner of Blocktown Capital, also claims that ETH will reach this level.
Moreover, according to DigitalCoin, Ethereum has a promising future. They estimate that Ethereum’s price could rise to $5,794 by 2025. Digitalcoin expects Ethereum to have a price of $12,898.02 at the end of 2025. Accordingly, the lowest price will be $10,529.82, while the highest price will be $13,505.47 in August of 2025.
ETH Price Prediction in 2025
WalletInvestor estimates that its price can also go up to $5181 in five years. Moreover, Wallet Investor believes that the price of Ethereum could rise to $4,591.330 by the end of December 2021. If WalletInvestor’s forecast is realized, the price of ETH will have risen steadily to more than $4,000 throughout 2021. Alternatively, TradingBeasts predicts that Ethereum will rise to an average of $2,899 over the next five years.
ETH Price Predictions – Forecast from the year 2021 to 2028
Trading-education’s Ethereum price prediction is that it may reach $15,500 by 2025. According to the website, mainly due to massive demand, the price is expected to grow fast in the next four years.
Previsioni Bitcoin, the Italian crypto-analysis website, is often optimistic and bullish when it comes to the short-term performance of Ethereum, mainly because it foresees mass adoption of the cryptocurrency in the coming years. The platform believes that Ethereum lies in another record year, with its price soaring to a new all-time high (ATH) of $10,029.534 in December 2021. Ethereum’s price could reach $5,637.2898 by June 2021 before rising to a staggering $10,029.534 by the end of the year, according to its technical analysis.
While Ether’s recent performance has been impressive, Previsioni Bitcoin’s forecast seems a little over-optimistic. According to this forecast, Ethereum will rise from $4,250.038 to $8,564.347. It is a growth rate that, if true, will mean the asset will double in value just within 30 days! The price of ETH has increased by around $2,000 since March, but we have no precedent for the growth rate we need to see for the asset to reach $5,637.2898. That said, Ethereum’s value has increased rapidly and steadily over the last few weeks.
If a bullish run continues at the same rate as in the past (including the market explosion that occurred in December 2020), it is still possible to reach $10,000 by December 2021. To put it in other words, if Ethereum’s bullish run in 2017-2018 has taught us anything, it’s that the market can change almost overnight, undoing or blessing months of growth in a matter of weeks. Hence, Previsioni Bitcoin holds that ETH will see the majority of its 2021 growth in the form of a massive bull run between September and October. Needless to say, there is a wide range of possible outcomes and no one has a crystal ball.
Outlook for Ethereum in 2021 and beyond
In sum, the outlook for Ethereum in 2021 and beyond seems overwhelmingly positive, based upon short-term and long-term ETH price predictions, meaning a reassuring sign for existing or prospective investors. However, it has to be noted that in the mid-term (i.e., between 2022-2024) ETH predictions become pessimistic. It is expected that in June 2024, the ETH price could drop below $13,000. It was falling to a potential yearly low of $12,541. Nevertheless, the good news is that it will then start to re-climb and regain value rapidly at the start of 2025. As a side note, the reason for the price crash in 2024 stems from the anticipation that the long-awaited Ethereum 2.0 will only be fully executed this year. On a related note, the first phase of Ethereum 2.0 launched on December 1st, 2020, after a delay.
So many analysts anticipate that we’ll see the complete implementation of the remaining upgrades and consequently significant increases in the price of ETH only after 2024. The enhanced efficiency and capabilities of the upgrade will inevitably drive up prices, helping to push ETH’s value up to $26,000 by 2025. Therefore, these predictions suggest the overall trend for Ethereum is bullish.
In the below, you can see the possible minimum and maximum ETH price prediction forecasts in 2021, 2022, 2023, 2024, and 2025. It is offered by technical analysts and experts.
Minimum and maximum ETH price prediction forecasts in 2021, 2022, 2023, 2024, and 2025
And the price of Ethereum will probably go up in 2025. None of the platforms expect to see a repeat of the aftermath of 2017-18, which is an encouraging sign — but only time will tell for sure what will happen in the real world!
On the whole, based on historical data and recent developments, the overall outlook for ETH points toward optimistic, long-term success. In all probability, the price of Ethereum will keep going up over the long run, despite ups and downs along the way. There are some logical reasons for Ethereum’s positive future and continuous price rise. Mainly because Ethereum’s blockchain is growing in adoption, especially among financial institutions looking to incorporate decentralized cloud-based Smart Contracts. As a result, higher demand (especially the growing popularity of DeFi projects) will result in higher ETH prices. In other words, with blockchain becoming the backbone of the global economy, the price of ETH may continue to rise exponentially in the next ten years.
Hence, many industry researchers, crypto enthusiasts, and investors keep their heads high. They predict that ETH will continue to rise to get close to this historical milestone (i.e., $100,000) within the next 5 to 10 years. Therefore, ETH has become an integral part of retail and institutional investors’ and traders’ portfolios despite its existent volatility. If you are wondering whether Ethereum is a good investment in 2021 and later or not, its historical growth rate and bright future would both strongly suggest the answer is a big yes. Furthermore, the short-term ETH price predictions suggest Ethereum can also be a reliable investment this year. None predicts that ETH will end 2021 at a lower price than it is currently trading at, which should be another reassuring sign to investors.
Be aware, however, that any cryptocurrency investment is highly speculative, and you should only invest what you can afford to lose. In other words, Ethereum technology is still in its infancy, meaning continued volatility as it evolves.