Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Ethereum traded strongly above $1,200. Active ETH bulls fought against serious losses below the $1180 mark. The price started to rise, much like Bitcoin.
After a low of $1,204, it rose to $1,220. Even though it might seem implausible, it’s important to remember that Ethereum has previously seen numerous rises of more than 700%.
Overall, Ethereum’s price (ETH) is moving in a sideways direction, although traders remain uncertain if the cryptocurrency market has bottomed. Analysts believe the market is on the verge of reversing course after the FTX scandal.
Get Price Predictions for Ethereum [ETH] 2023-24
Despite the fact that Ethereum’s price has been in a sharp correction recently, whales continue to purchase at each decline. As ETH whale activity increased to a new level, it was the fifth-largest accumulation date in a single year. Ethereum whales have been increasing in size as a result FTX problems that occurred over November. According to a Santiment report,
“Ethereum’s large key addresses have been growing in number since the #FTX debacle in early November. Pictured are the key moments where shark & whale addresses have accumulated & dumped. The number of 100 to 100k $ETH addresses is at a 20-month high.”
It nearly reached its lowest point during the FTX crash-driven collapse of the cryptocurrency market. But it quickly bounced back and was able maintain those levels. This argument is strengthened by the fact that Ethereum has often outperformed Bitcoin.
Given the above, Ethereum investment must be sound in the long-term. Many experts predict positive things for Ethereum. A majority of long-term Ethereum prices projections are optimistic.
Why is projection important?
Ethereum’s phenomenal growth over the past few years is no surprise. Investors are now placing large bets on the cryptocurrency. After a prolonged period of stagnation between 2018 and 2019, Ethereum gained popularity. In 2020, the Bitcoin price dropped to $0.025 per bitcoin.
Surprisingly, most of the altcoin market remained untapped even after the halving. Ethereum is one of few coins that quickly picked up the momentum. Ethereum had risen by 200% over its 2017 highs at the end of 2021.
This spike in Ethereum could be due to several factors. One of these factors is an upgrade to Ethereum’s network, specifically Ethereum 2.0. The Ethereum tokenomics debate is another reason. Ethereum 2.0 will make Ethereum tokenomics more inflationary. As a result, there won’t be as many tokens on the market to meet increasing demand. The outcome might increase Ethereum’s rising momentum in the future.
In this article, we’ll take a quick look at the cryptocurrency market’s recent performance, paying particular attention to market cap and volume. The most well-known analysts’ and platforms’ predictions will be summarized at the end, along with a look at the Fear & Greed Index to gauge market sentiment.
Ethereum’s price, volume, and everything in between
At press time, Ethereum was trading at $1.264 The FTX crisis has seen resistance over the past few weeks. The high ROI has allowed early investors to triple their investments each year.
Source: TradingView
With the increase in Ether spot trading, there has been an increase in activity. surpassing Bitcoin is the most traded currency on Coinbase since a while.
Experts agree that ETH will once again break the $4,000 barrier in 2022, even though it is hard to forecast its price. According to a recent forecast by Bloomberg intelligence analyst Mike McGlone: The price of Ethereum will end the year between $4,500 and $4,000, according to McGlone.
Additionally, according to a report by Kaiko on 1 August, ETH’s market share of trading volume will reach 50% parity with Bitcoin’s for the first time in 2022.
Kaiko reports that ETH outpaced Bitcoin during July because of large inflows to the spot and derivative market. This surge is common on exchanges and can indicate that returning investors are involved. Additionally, a rise in average trade size is the exact reverse of what has been seen so far in 2022’s downturn.
Open Interest (OI), Deribit Ether Options valued at $5.6 billion, surpassed the OI of Bitcoin at $4.6 billion by 32% on August 2. This was the first time ever that ETH had outperformed Bitcoin in the Options market.
Source: Glassnode
In fact, the majority of cryptocurrency experts are bullish on Ethereum. They expect it to hit new highs.
Ethereum is the talk of town due to the hype surrounding the merger. To become the most sought-after crypto, the second-largest crypto has defeated the king. A quick division of volume by market capitalization of both cryptos will reveal Ethereum’s relative volume is in fact greater than that of Bitcoin.
The wider Ethereum community is eager for the PoS update that will be more friendly to the environment, but a faction has emerged calling for a fork which will preserve the energy-intensive PoW model.
Most of the faction is made up miners who are at risk of losing their investments in costly mining equipment as the update could render their business model obsolete. Chandler Guo, a well-known Chinese miner, said on Twitter last month that an ETHPoW is “coming soon”.
Binance has clarified that in the event of a fork which creates a new token, the ETH ticker will be reserved for the Ethereum PoS chain, adding that “withdrawals for the forked token will be supported”. Stablecoin projects Tether Circle and Circle both reiterated support for Ethereum PoS after the merger.
TradingView expressed the same opinion at the time this article was written, and their technical analysis of the Ethereum price indicated that it was a “Buy” signal for ETH.
Source: Tradingview
In fact, PwC’s Crypto-head Henri Arslanian claimed in an edition of First Mover that “Ethereum is the only show in town.” However, investors will need to witness increased demand and functioning for Ether’s price to keep climbing.
According to Mudrex’s Edul Patel,
“The Merge will complete Ethereum’s transition to PoS, making it extremely energy efficient and convenient to make payments. That will only aid Ethereum’s massive use cases, ultimately driving demand higher for the ETH token.”
Kenneth Worthington, an analyst at JPMorgan Chase has expressed his confidence in the Merge’s ability to benefit stakeholders like Coinbase. Worthington believes that Coinbase has positioned itself to capitalize on the Merge by “Maximizing Eth staking’s value for its clients”
Fred Wilson, a prominent venture capitalist, wrote a blog post on August 15 detailing the changes that are expected to follow the Merge. Wilson explained that Merge will not only reduce the carbon footprint of Ethereum but also make it more eco-friendly, but will also alter the balance between supply and demand. This was shown by Bankless They projected a structural flow of $0.3million per day in their blogpost in contrast to the current $18 million per-day structural outflow.
According to an investor and the creator of the cryptocurrency media and research organization Token Metrics Ian Balina, “I think Ethereum can go to $8,000.”
ETH Whale Activity
Santiment, a blockchain analytics firm, has shown that ETH supply by top crypto exchange addresses has been increasing since June. On the other side, ETH supply is being held by top non-exchange address i.e. ETH in digital wallets and hardware wallets. has been decreasing since June. Why June? Because that was when a tentative timeline of the Merge was made public to the community.
Santiment had tweeted Whales increased their exchange holdings by 78% over the past three months, according to last week
What does this all mean? It means that Ethereum whales move their ETH onto exchanges. Top ETH hodlers are moving their supply to exchanges. They will most likely facilitate a quick transaction if required.
A number of exchanges were involved in the merger process, including Coinbase Binance In order to make the transition seamless, they announced that all withdrawals and deposits for ERC-20 and ETH tokens will be stopped.
The whales could have moved their holdings onto an exchange to either dump them in advance of a price drop after the Merge or to preemptively dump them. The other possibility is them waiting till well after the Merge to act on ETH’s price action.
Let’s now look at what well-known platforms and analysts have to say about where they believe Ethereum will be in 2025 and 2030.
Ethereum Price Prediction for 2025
According to ChangellyThe minimum expected price for ETH is $7336.62, and the maximum is $8,984.84. The trading cost will be approximately $7,606.30.
CoinDCX also predicts that ETH could enjoy a successful year in 2025 due to the potential for a low impact on the asset. The bulls are likely to be in a strong position and maintain a significant increase throughout the year. Despite possible pullbacks, the asset is expected to reach $11,317 in the second half of 2025.
But, it is important to keep in mind that 2025 marks the year. Many of these projections rely on Ethereum 2.0 launching and performing well. This means that Ethereum must also solve the high-cost gas fee issues. Global regulatory and legislative frameworks are not yet consistent in supporting cryptocurrencies.
However, even though newer and more environmentally friendly technologies have been developed, analysts frequently claim that Ethereum’s “first mover advantage” has positioned it for long-term success, despite new competition. It is possible to predict the price of Ethereum because it will be used in DApp development more often than ever before, as well as its planned update.
How many ETHs could you buy for $1
Ethereum Price Prediction 2030
Changelly also stated that cryptocurrency experts have estimated the price of ETH by 2030 after years worth of price monitoring. It will trade for at least $48,357.62 or $57,877.63. In 2030, the average price of ETH is $49,740.33.
Long-term Ethereum price forecasts can be useful for analysing the market and learning from key platforms how future developments, such as the Ethereum 2.0 upgrade, will impact pricing.
Crypto-Rating, for instance, predicts that by 2030, Ethereum’s value will likely exceed $100,000.
Pantera Capital CEO Dan Morehead as well deVEre Group founder Nigel Green predict In the next ten year, ETH’s price will reach $100,000.
This sounds too much. With Ethereum 2.0, many functional capabilities such as transaction speed, security, interoperability, and interoperability will be dramatically altered. These and other reforms will make ETH a more favorable asset. This will allow Ethereum to completely change the rules of cryptocurrency gaming.
Conclusion
A further decline could occur if Ethereum fails to surpass the $1,215 resistance. An initial level of support for the downside is near $1,185.
The next major support will likely be located at around $1,165. A negative break below $1165 could trigger a move towards $1,100. Any further losses could cause the price to move closer towards the $1.055 area.
While some investors may be investing in rival tokens for profit, others do so out of caution to hedge their portfolios. This is evident in the volatility seen in metrics such as daily active users and price actions of so-called Ethereum killers, like Solana, Cardano, Avalanche, Cardano, etc. The merge event is less than one month away.
Despite investors expecting Ethereum to bottom at $3500 in the early part of this year, they were wrong. Ethereum plummeted lower to prove them wrong. In fact, ETH briefly slipped below the frightening $1000 threshold.
But, the coin has always rebounded whenever it appeared it was poised for the target once again, restoring confidence and faith in its future. This includes November 2022, when a hacker from FTX allegedly dumped more than 30,000 ETH. Hope is offered by the token’s persistence in the wake of the FTX bankruptcy and the protracted crypto cold.
Yesterday, the Federal Reserve published the minutes from the Federal Open Market Committee’s (FOMC) meeting. It suggested that the central banking might make smaller interest rate hikes in future. Following this news, ETH’s price ticked up and reached $1,181.51 today.
Ethereum could fall into a new slump if the resistance of $1,300 is not overcome. The first support point on the downside is at $1,225.
There is broad hope that the first smart contract blockchain will survive this period of trials, despite Ethereum’s rivalries and other factors contributing to its continuous instability.
The Ethereum community hails the Merge as a significant success story. Buterin cited a research study by an Ethereum researcher, Justin Drake, that suggests that the “merge will reduce worldwide electricity consumption by 0.2%.”
“The merge will reduce worldwide electricity consumption by 0.2%” – @drakefjustin
— vitalik.eth (@VitalikButerin) September 15, 2022
It also reduces the time taken to mine one block ETH from 13 to 12 seconds. The Merge marks 55% completion of Ethereum’s journey toward greater scalability and sustainability.
Its superior interim fundamentals, which are better than those of Bitcoin, increase the likelihood of Ether experiencing a price rise of 50% in future. To begin with, Ether’s annual supply rate plummeted in October, in part because of a fee-burning mechanism known as EIP-1559 that takes a certain amount of ETH out of perpetual circulation anytime an on-chain transaction takes place.
Post-merge, concerns about censorship of the Ethereum ecosystem also surfaced. There are approximately half of the Ethereum blocks MEV-Boost was implemented and is Office of Foreign Assets Control-compliant. MEV-Boost is now enabled to enable a more representative distribution among block proposers. Ethereum has become PoS compliant. This raises concerns about OFAC’s censorship.
It is interesting to note that while many eagerly waited for Ethereum’s Merge and beefed up their holdings in anticipation of a price surge, there was a group of investors who weren’t confident in the Merge’s successful rollout. These investors were hoping for a problem in the rollout process and betting that it would. Some of these investors are investing in rival tokens to make a profit. Others do it to protect their portfolios. This was reflected in volatility metrics such as daily active users and price action for so-called Ethereum killers, like Solana, Cardano, Avalanche, Cardano, etc. In the lead up to the Merge.
Most Ethereum price forecasts predict that ETH will experience significant growth in the coming years.
As per Santiment, Ethereum’s active addresses have sunk to 4-month lows with weak hands continuing to drop post-Merge, and disinterest at a high as prices have stagnated. 17 October marked the first day in a row that less than 400,000 addresses were on the network.
😲 #EthereumThe active addresses of’s have fallen to 4-month lows, with weak hands continuing their slide post-#mergeAs prices stagnated, disinterest was high. Monday was the first date that the network had seen less than 400k addresses since June 26th. https://t.co/FKXHhg6Z5g pic.twitter.com/1Ekj3bpT0A
— Santiment (@santimentfeed) October 20, 2022
Is it possible to flip the coin? Could it be possible that altcoins might surpass Bitcoin on the charts? This is possible. BlockchainCenter says that ETH has actually surpassed BTC on a handful of key metrics.
Take, for example, Transaction Counts or Total Transaction Fees. ETH leads BTC in both transaction counts and total transaction fees.
Source: BlockchainCenter
On the contrary, the traditional definition of a ‘flippening’ relates to the market cap of cryptos flipping. As far as the same is concerned, ETH is 48.2% off BTC’s market cap.
Similarly, Google Search Interest for ETH was over 76% off the figures for BTC’s own figures.
Source: BlockchainCenter
Keep in mind that there are many things that can happen over time, especially in volatile markets like cryptocurrency. Leading analysts’ projections vary greatly, but even the most conservative ones might result in respectable profits for anyone choosing to invest in Ethereum.
The potential for harsher regulation has increased with the bankruptcy of the FTX Exchange. This disappointment has been felt by cryptocurrency investors.