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
At press time, the majority of assets remained almost steady, but ETH increased by 3.93% during the past day.
This raises the potential for a small rally to push the cryptocurrency’s value above its barrier level. Vitalik Buterin is a co-founder and CEO of Ethereum. He has called on the cryptocurrency community not to place technology above prices.
Learn Price Prediction for Ethereum [ETH] 2023-24
The estimate by the digital asset exchange site Coincodex predicted By 10 December, the price of ETH in U.S. dollar would be $922.66. This forecast is possible because the price for ether, which was $1230 on Dec. 7, at 1:00 PM EST, needs to fall approximately 25%.
The Coincodex team mentioned ETH’s negative trend, which is demonstrated by its 21.5% decrease between Nov. 5 and Dec. 5, in a report that detailed some of the causes that contributed to the negative price projection. The price of the crypto asset plunged by 23% in 90 days, ending on 5 December.
Despite the dismal projection, the Coincodex ETH prediction chart seems to suggest that ETH’s slide down below $1,000 will only last for 24 hours. The prediction is that ETH’s price will climb to $1,019.56 by 11/12, just one day after reaching a new 30-day lowest.
Despite the recent correction in Ethereum’s (ETH) price, the whales have continued to buy at every drop. As ETH whale activity reached a new height, the fifth-largest accumulation date in a single year was last week. Ethereum whales have been growing as a result of the FTX issue that developed in November. According to the 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 crashed to the bottom during the FTX-driven crash of the cryptocurrency markets, but it rebounded quickly and was able keep above these levels. This argument is stronger since Ethereum has consistently outperformed Bitcoin.
Given all of this, Ethereum should be a solid investment over the long-term. Experts are positive about Ethereum. A majority of long-term Ethereum prices projections are optimistic.
Why are projections so important?
Ethereum’s phenomenal growth over the past few years is why it is so attractive to investors. After a prolonged period of stagnation between 2018 and 2019, Ethereum gained popularity. In 2020, the Bitcoin price dropped to $0.025 per bitcoin.
It was interesting to note that most altcoin markets remained inactive 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 reason is an upgrade of the Ethereum network, specifically to Ethereum 2.0. The Ethereum tokenomics controversy is another reason. The switch to Ethereum 2.0 will make ether tokenomics even more deflationary. 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 $1.265. The FTX scandal has caused resistance in the market for several 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 predict its price. 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 has been seen on most exchanges, which could indicate returning investors. Additionally, a rise in average trade size is the exact reverse of what has been seen so far in 2022’s downturn.
On 2 August, the Open Interest (OI), of Deribit Ether Options priced $5.6 billion outpaced Bitcoin’s OI valued at $4.6 trillion by 32%. 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.
While the Ethereum community generally looks forward to the PoS update which is more environmentally friendly, there has been a faction that supports a fork that will keep the energy-intensive PoW method.
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 prominent Chinese miner, stated that. 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 their support for Ethereum PoS chains 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 change 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 the creator and investor of the cryptocurrency research media 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 stored in hardware wallets, digital pockets etc. Since early June, it has been in decline. Why June? Because that was when a tentative timeline of the Merge was made public to the community.
Santiment was tweeted Last week, it was revealed that whales have increased their exchange holdings by 78% in the last 3 months.
What does this all mean? This means that Ethereum whales have begun moving their ETH to exchanges. Top ETH hodlers are taking out their cold storage and moving it onto exchanges. If needed, this will facilitate a quick transaction.
A number of exchanges were involved in the merger process, including Coinbase Binance They announced that withdrawals and deposits of ETH and ERC-20 tokens will be suspended in order to facilitate a smooth transition.
It is possible that whales transferred their holdings onto exchanges in order to either preemptively sell their holdings or to prepare for a price slump following the Merge. 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 2025
According to ChangellyThe minimum expected price for ETH is $7336.62, and the maximum is $8,984.84. Trading costs will average $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 any brief pullbacks, it is projected that the asset will reach $11,317 at the end of the first quarter of 2025.
You must remember, however, that 2025 is the year, and many of these projections depend on Ethereum 2.0 launching successfully. It also means Ethereum will have to address its high-cost gas costs. 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.
Ethereum Price Prediction 2030
Changelly also claimed that the price for ETH in 2030 was estimated by cryptocurrency experts after years of price monitoring. It will trade for at least $48,357.62 or $57,877.63. On average, ETH will cost $49,740.33 per year by 2030.
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, and deVEre Group founder Nigel Green are also available. predict In the next ten year, ETH’s price will reach $100,000.
Does that sound too much? With Ethereum 2.0, many functional capabilities, such as transaction speed, security, interoperability and security, will be dramatically altered. These and other reforms will make ETH a more favorable asset. This will give Ethereum an opportunity to completely rewrite the rules in the cryptocurrency world.
Conclusion
Some of these investors are investing in rival tokens to make a profit. Others do it to protect their portfolios. This can be seen in volatility metrics like daily active user and price action of Ethereum killers such as Solana, Cardano and Avalanche. In the month leading up to the merger event, which is less then a month away.
Most investors expected Ethereum to reach $3500 by the end of 2018, but it fell below that mark. 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. The November 2022 incident when a hacker for 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’s minutes of the Federal Open Market Committee meeting were released by the Federal Reserve. 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.
If Ethereum fails to surpass the $1,300 resistance, it could be in a new slump. Nearly $1,225 is the first point that provides support for the downside.
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 is hailing the Merge as a major 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. Around half of the Ethereum blocks MEV-Boost became 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 beginning of fewer than 400,000 addresses being 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
How about the flippening? It is possible that altcoin could surpass Bitcoin in the charts. This is possible. According to BlockchainCenter, ETH actually has surpassed BTC in a few 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
Remember that cryptocurrency is a volatile market and things can change quickly over the years. Leading analysts’ projections vary greatly, but even the most conservative ones might result in respectable profits for anyone choosing to invest in Ethereum.