Etherum price prediction

Ethereum Price Prediction

By Giorgi Mikhelidze | InsideTrade | 2 May 2022

Ethereum's ether (ETH) has failed to hang on to its gains since the crypto upheaval of December 3rd.

As of this writing, ETH is trading at 19 percent less than bitcoin (BTC), which is now selling at 26 percent less than at the time of this writing.

What is the long-term Ethereum price forecast? Is the coin likely to rise in value, or may it lose some of its worth?

Throughout 2021 and into 2022, the Ethereum blockchain will be upgraded to Ethereum 2.0. A hard fork, or split, in August, added coin burning, which is designed to help maintain the value of the Ethereum token by limiting supply.

On October 27th, the Altair update went live on the main network. During the upgrading of the Ethereum Beacon Chain, PoS mining is being tested. The Ethereum 2.0 upgrade will be completed in 2022 when the main Ethereum chain merges with the Beacon Chain.

"Difficulty bomb" delays till June 2022 when the blockchain converts from PoW mining to PoS mining. The Arrow Glacier network update will take effect on December 8th. Bitcoin's blockchain consensus method is based on proof-of-work. Verifies transactions and generates new currencies by solving challenging cryptographic problems and in addition, Proof-of-Stake (PoS) uses fewer computer resources and energy to verify transactions than Proof-of-Work (PoW).

According to the Ethereum Cat Herders development blog, "the Ethereum clients' team wished to avoid having to coordinate another pushback while working on the next large update."

Interest In Ethereum Continues To Grow

As new applications like decentralized finance (Defi) and non-fungible tokens have emerged, institutional investors have taken an interest in Ethereum this year (NFTs).

Last week, Ethereum had its first outflows in six weeks, totaling $17 million, despite the fact that this represents just 0.09 percent of the cryptocurrency's overall market capitalization and is thus insignificant, according to CoinShares.

Bitcoin and Ethereum both hit all-time highs of $4,859.50 and $68,789.63 on November 10th, respectively. This momentum was short-lived, as both coins continued to lose ground for the rest of November. On December 4th, the ether price hit a low of $3,525.49, but since then, the price has rallied.

Ether's price was $3,818 at the time of publication (15 December). After gaining more than 419 percent from the beginning of 2021, the currency was down 22% from its all-time high at that price. 

ETH Price Prediction

It seems that short-term sentiments are neutral at $3,818, according to CoinCodex's technical analysis, with 16 indicators generating bullish signals and 16 indicators showing bearish signals at the time of writing (15 December). The results revealed that $3,754.98 to $3,579.46 was technical support, whereas $3930.5 to $4,106.02 was resistance.

By 20 December, CoinCodex anticipated that the ETH price would fall to $3,969.51. There are some analysts who believe that the ETH/BTC rate will continue to rise to its greatest level since 2018.

The price of Ethereum (ETH) is expected to "start moving into parabolic mode" by the end of the week, according to an expert known as Galaxy. On December 15th, another hopeful Galaxy tweet was posted: "For the first time in a long time, we're seeing BTC and ETH both go below $50,000. The spectacle will begin once we break out of this stalemate."

According to Goldman Sachs, ether might reach $8,000 by the end of 2021 if it continues to rise in price in line with inflation projections.

The ETH/BTC combination is expected to climb to a value of 0.161, which would bring the ether market capitalization up to parity with that of bitcoin, according to Standard Chartered's September long-term Ethereum value forecast of $26,000-35,000.

Ethereum's market share has decreased in Defi applications, according to JP Morgan cross-asset research researcher Nikolaos Panigirtzoglou.

An analysis by Panigirtzoglou said that the large increase in Ethereum network activity currently factored into the currency at $4,000 would not materialize and that the price might fall by 67% while bitcoin gains 15%.

At the beginning of 2022, Wallet Investor predicted that the price of ether will grow to $4,239.55. However, an algorithm-based forecasting site predicted that the currency will exceed the previous all-time high of $7,263.3 in 2022. According to Wallet Investor, the price may reach $16,402.2 by the end of 2025 if it surpasses $10,000 in November 2023.

For the year 2022, DigitalCoin predicted that the price of Ethereum will average $6,691.35. It was estimated that Ethereum might climb to an average worth $11,578.11 in 2025 and $16,792.81 in 2028, trading at a high of $18,277 over that time frame, based on historical statistics.

According to Price Predictions long-term Ethereum prognosis, ETH is expected to average $18,212.46 in 2025, up from $5,880.67 in 2022, and leap to $110,000 in 2030.

You should bear in mind that predicting the price of a cryptocurrency in just a few hours is impossible, and much more difficult to anticipate its long-term value. As a result, experts and algorithm-based forecasts may and do make mistakes.

How do you rate this article?



Giorgi Mikhelidze
Giorgi Mikhelidze

I'm a beginner software engineer from Georgia, one of the world's largest crypto mining countries. I have exclusive insight in the Georgian blockchain scene.


On this blog, we want to provide as much technical information about the blockchain as possible and discuss various ways this technology can be regulated in different countries. You will also find cryptocurrency comparisons to traditional markets and overall discussion about trading similarities and differences between things like stocks or Forex and cryptos.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.