Ethereum (ETH) Price Prediction 2023-2030: Will ETH Price Hit $ 3,500 Soon?

Bits Logics Team . 06th Sep 2023

• Bullish Ethereum (ETH) price prediction ranges from $2,000 to $4,000
• Analysis suggests that the ETH price might reach above $3,520.
• The ETH bearish market price prediction for 2023 is $1,065.

Ethereum (ETH) Price Prediction 2023-2030 Overview

What is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain system that supports numerous other cryptocurrencies, as well as the execution of decentralized smart contracts. This platform features its own cryptocurrency. 

Ethereum was first written and explained in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. 

The project was a success and the team was able to raise $18.3 million in Bitcoin. Ethereum’s price during the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. When considering Ethereum’s price it puts the return on investment (ROI) at an annualized rate of over 270%. 

Ethereum (ETH) Market Overview

Ethereum (ETH) Current Market Status

The maximum supply of Ethereum (ETH) is infinite, while its circulating supply is 120,218,534 ETH, according to CoinMarketCap. At the time of writing, Ethereum is trading at $1,631.34 representing 24 hours decrease of 0.06%. The trading volume of Ethereum in the past 24 hours is $3,861,415,881 which represents a 13.93% decrease.

Some top cryptocurrency exchanges for trading Ethereum are Binance, Coinbase Pro, OKEx, Kraken and Huobi Global.

Now that you know Ethereum and its current market status, we shall discuss the price analysis of  Ethereum BTC for 2023.

Ethereum (ETH) Price Analysis 2023

When considering the above chart, we could note that the price of ETH which was rebounding off of the 50-day EMA has now fallen below the 200-day EMA. This shows that ETH is bearish. In the event that the buyers enter the market, there is a high chance that ETH may test the 200-day EMA. Moreover, since the 50-day EMA has crossed the 200-day EMA from above, a death cross has happened. As such, the prices of ETH may fall. 

Additionally, the Elder Force Index indicator reads a value of -901K and is rising. This shows that the buyers are entering the market. Hence, if more buyers enter the market, the EFI value could enter the positive region of the indicator. 

Ethereum(ETH) Price Prediction 2023

The chart above shows that ETH has been rising and making higher lows since December 2022. But that trend of making higher lows was broken just recently when Ethereum breached and fell below the trendline. This made Ethereum register a lower low. Moreover, the Bollinger band super trend indicator also says that ETH is on a downward trend. However, if the buyers start entering the market ETH has the probability of reaching $3520, after breaking the resistance level at $2000.

Moreover, the RSI which is close to the oversold region at 36 also denotes that ETH could increase in value. If the buyer cash in on ETH, then, it may rise further. 

Nonetheless, in the event that ETH crashes it may seek the assistance of the $1065 level or may even tank further if the sellers keep their dominance in the market.  

Ethereum (ETH) Price Prediction 2024 

As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for ETH. Hence, ETH could trade at a price, not below $4800 by the end of 2024.

Ethereum (ETH) Price Prediction 2025

Ethereum may harvest the after-effects of the Ethereum halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, ETH will continue to rise in 2025 forming new resistance levels. It is expected that ETH will trade beyond the $9300 level.

Ethereum (ETH) Price Prediction 2026

After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such ETH could tumble into its support regions. During this period of price correction, ETH could lose momentum and be way below its 2025 price. As such, it could be trading at $8020 by 2026. 

Ethereum (ETH) Price Prediction 2027

There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Ethereum halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in BTC’s prices and we could expect Ethereum to trade at around $8,600 by the end of 2027. 

Ethereum (ETH) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Ethereum halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of ETH. Hence, ETH would be trading at $8925 after experiencing a considerable surge by the end of 2028. 

Ethereum (ETH) Price Prediction 2029

2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, ETH could be trading at $13,075 by the end of 2029.

Ethereum (ETH) Price Prediction 2030

After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ETH could be trading at $13207.

Ethereum (ETH) Price Prediction 2040

The long-term forecast for BTC  indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating ETH. Hence, the price of ETH could be $25050. 

Ethereum (ETH) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such ETH could reach $36496.

Key Takeaway

If investors continue showing their interest in BTC and add these tokens to their portfolio, it could continue to rise. ETH’s bullish price prediction shows that it could reach the $3520 level. 

FAQs

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Bits Logics and its affiliates will not be held liable for any direct or indirect damage or loss.