Ethereum Price Prediction: 2024, 2025, 2030 (2024)

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

ETH price prediction: Key highlights

1. Primary support and resistance levels

• Based on the weekly chart analysis, the lowest support level for ETH was$1,554.
• The highest resistance level was observed at$3,950.

2. Market sentiment

• The market is seen to bebearishin September 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms estimate that ETH's average price will rise to$6,000in 2029 and close to$10,000by 2032.

Gain valuable insights onETH via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

ETH technical analysis: Analyzing the probability of a bullish Q4

For ETH, 2024 has been a roller coaster. Amid new developments and regulatory changes, theEthereum price prediction for 2024 has become a topic of keen interest to investors. The analysis commenced with the coin underbearishclaws, driving it to its lowest price floor at$1,554 by mid-September.

After briefly stabilizing, the bulls initiated a stronger rally in mid-October. Theuptrendfaced a slight pullback at$2,505in late January.Nevertheless, the decline ceased swiftly at$2,183, and the price moved past this threshold by mid-February. Consecutivebullishcandles rose ETH to test the peak resistance at$3,950in early March.

A test of this level precipitated acorrective drop, pulling the price slightly below$3,551. Nonetheless, this wasn’t the end of bullish worries. The decline was amplified by the broader market's downturn in April. Thus, the price dipped below the critical$3,000mark to land at$2,884.

ETH held on to this level until mid-May. Remarkably, the coin witnessed a massive uptick in late May after ETHexchange-traded funds (ETFs) were approved, propelling it to flip$3,551. However, bulls lacked sufficient strength to overcome the highest resistance.

Selling pressure mounted, and a similar pattern of declines followed from June. This pessimism arose as prospective spot ETH ETF issuers awaited comments from theSecurities and Exchange Commission(SEC) on theirS-1filings.

After dropping to$2,884in July, the price pumped to challenge$3,551mid-month. Notably, ETH was experiencing high buying pressure fromU.S. investors. The uptick in price and the substantialaccumulationwere attributed to the hype around the upcoming ETF launch.

The ETFs begantrading on July 23. Nevertheless, AMBCrypto reported that ETH dropped the next day. This dip was caused by an overall meltdown across U.S. equities that reportedly wiped out over$1trillion in value. Furthermore, initial excitement for ETH ETFs quickly faded, leading to a classicsell-the-news scenario.

Subsequently, a stronger downturn reinstated$2,884as resistance, driving ETH to$2,505. August was quite unfavorable for ETH. After a mid-month price uptick, things took a turn for the worse.

Ethereum's gas fees hit afive-year low in late August, leading to less ETH being burned under theEIP-1559 mechanism. This decrease slowed the reduction of the coin's supply, possibly dampening near-term price rises. Moreover, the ETFs saw substantialoutflows.

AMBCrypto’s analysis revealed that the altcoin was below itsmarket bottom, hinting at further declines. This materialized as ETH retested the support at$2,183in September. At press time, it was valued at$2,357.

How high/low can ETH go in 2024?

AMBCrypto recently highlighted that ETH exchange reserves dipped to levels last seen in2016, which may have contributed to its robust price performance in 2017. If this pattern were to repeat in 2024, it could suggest a strong rally for ETH in 2025.

Another report observed that ETH's price action echoed its 2019 trend, forming anascending wedge. The higher lows in this cycle's wedge are ten times greater than in 2019.

Like 2019, ETH can likely drop below this wedge before a Federal Reserverate cut, paralleling past events. Post-cut, the price might rebound strongly in late Q4 2024 or early Q1 2025.

This could potentially help the coin rise to$3,000. ETH can also follow inBitcoin’s(BTC) footsteps and reach itsall-time high (ATH) this year, with prospects to touch the $5,000 mark. Regardless, as the price trajectory evolves, it may encounter significant resistance around the$3,950mark.

Notwithstanding, historical similarities do not ensure similar outcomes. Navigating beyond the$2,884 level may prove challenging, with a potential price downturn expected. Additionally, if the sell-offs continue and breach the current support, the price can drop to$2,000.

Our models predict that ETH will trade at an average price of$6,000 in the next five years. The next significant milestone for the coin is attaining a five-digit valuation, likely in 2032. The models predict that the coin might average around$10,000.

ETH's 2024 roadmap: Key indicators to watch and trade

• Thetrading volume recovered modestly from mid-October. Between mid-February and mid-March and lastly, in late May, the volume reached new highs but faltered due to a subsequent price downtick.
• Notably, the price drop in August attracted substantial buyers, leading to a surge in volume, but its unsustainability painted a cautious picture.
• TheOn-Balance Volume (OBV) continued to rise from October until March. However, its trajectory reversed, reaching119.756 million at the time of writing. This indicated a dominant selling pressure.
• TheMoving Average Convergence Divergence (MACD) and thesignal linedropped below thezero line in September and October, respectively. As October ended, the MACD line rose above the signal line. By the following month, both turned positive.
• Nonetheless, by the end of March, the MACD line began to decline, forming abearishcrossover in late April. After a briefbullishcrossover in early June, the MACD line returned to its submissive position and turned negative by mid-August.
• The signal line followed suit by early September. As of the latest update, the MACD line was at-144.25, the signal line at-1.06, and the histogram at -143.19, suggesting a strengthening downward pressure on the price.

Ethereum's Short Term Price Prediction

Ethereum price prediction 14 September 2024: Ethereum's price for 14 September 2024 according to our analysis should range between $2193.12 to $2523.26 and the average price of ETH should be around $2358.19.

Ethereum price prediction 15 September 2024: Ethereum's price for 15 September 2024 according to our analysis should range between $2200.54 to $2531.81 and the average price of ETH should be around $2366.18.

Ethereum price prediction 16 September 2024: Ethereum's price for 16 September 2024 according to our analysis should range between $2208.60 to $2541.07 and the average price of ETH should be around $2374.84.

Ethereum price prediction 17 September 2024: Ethereum's price for 17 September 2024 according to our analysis should range between $2216.05 to $2549.65 and the average price of ETH should be around $2382.85.

Ethereum price prediction 22 September 2024: Ethereum's price for 22 September 2024 according to our analysis should range between $2253.42 to $2592.64 and the average price of ETH should be around $2423.03.

Ethereum price prediction 27 September 2024: Ethereum's price for 27 September 2024 according to our analysis should range between $2292.78 to $2637.93 and the average price of ETH should be around $2465.35.

Ethereum price prediction 7 October 2024: Ethereum's price for 7 October 2024 according to our analysis should range between $2368.99 to $2725.61 and the average price of ETH should be around $2547.30.

Ethereum price prediction November 2024: Ethereum's price for November 2024 according to our analysis should range between $2411.37 to $2774.37 and the average price of ETH should be around $2592.87.

Ethereum price prediction December 2024: Ethereum's price for December 2024 according to our analysis should range between $2433.96 to $2800.36 and the average price of ETH should be around $2617.16.

Ethereum's Long Term Price Prediction

Ethereum’s long term Price Prediction below is a look at ETH’s future prospect with regards to price. Ethereum was last seen at $2415.57, with a market cap of $290,591,070,654 and trading volumes of $12,943,114,241. ETH’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

Ethereum price prediction 2024: Ethereum's price for 2024 according to our analysis should range between $2113.16 to $3169.74 and the average price of ETH should be around $2641.45.

Ethereum price prediction 2025: Ethereum's price for 2025 according to our analysis should range between $2506.08 to $3759.12 and the average price of ETH should be around $3132.60.

Ethereum price prediction 2026: Ethereum's price for 2026 according to our analysis should range between $2800.98 to $4201.46 and the average price of ETH should be around $3501.22.

Ethereum price prediction 2027: Ethereum's price for 2027 according to our analysis should range between $3360.02 to $5040.03 and the average price of ETH should be around $4200.03.

Ethereum price prediction 2028: Ethereum's price for 2028 according to our analysis should range between $4297.50 to $6446.26 and the average price of ETH should be around $5371.88.

Ethereum price prediction 2029: Ethereum's price for 2029 according to our analysis should range between $4946.53 to $7419.80 and the average price of ETH should be around $6183.17.

Ethereum price prediction 2030: Ethereum's price for 2030 according to our analysis should range between $4844.05 to $7266.07 and the average price of ETH should be around $6055.06.

Ethereum price prediction 2031: Ethereum's price for 2031 according to our analysis should range between $4733.82 to $7100.73 and the average price of ETH should be around $5917.27.

Ethereum price prediction 2032: Ethereum's price for 2032 according to our analysis should range between $5296.63 to $7944.94 and the average price of ETH should be around $6620.79.

Ethereum price prediction 2033: Ethereum's price for 2033 according to our analysis should range between $5929.39 to $8894.08 and the average price of ETH should be around $7411.73.

Ethereum price prediction 2034: Ethereum's price for 2034 according to our analysis should range between $7577.64 to $11366.45 and the average price of ETH should be around $9472.05.

Ethereum price prediction 2035: Ethereum's price for 2035 according to our analysis should range between $8816.77 to $13225.15 and the average price of ETH should be around $11020.96.

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Ethereum’s current price is $2415.57 and witnessed a 3.07% increase in the past 24 hours. ETH/BTC pair saw a -0.43% decrease in the past 24 hours

Investing in Ethereum, ETH will purely depend on your personal risk appetite. As you can see over the past 24 hours Ethereum’s price has witnessed a 3.07% increase and over the past 30 days Ethereum has decrease by -7.56%. So it all depends on if this investment will hit your trading goals.

According to our latest Ethereum Price prediction for 2024, ETH should vary between $3169.74 and $2113.16. Please keep in mind that the crypto market is very volatile and this Ethereum price prediction does not account for extreme wild swings in price.

As per the Ethereum price prediction 2024 model above, ETH’s price for September 2024 should range between $2113.16 to $3169.74 with the average price for September being $2641.45

According to the Ethereum Price Prediction model above, ETH’s price in 2025 would be $3132.60. This price would however would range from $3759.12 and $2506.08.

According to the Ethereum Price Prediction model above, ETH’s price in 2026 would be $3501.22. This price would however would range from $4201.46 and $2800.98.

According to the Ethereum Price Prediction model above, ETH’s price in 2027 would be $4200.03. This price would however would range from $5040.03 and $3360.02.

According to the Ethereum Price Prediction model above, ETH’s price in 2028 would be $5371.88. This price would however would range from $6446.26 and $4297.50.

According to the Ethereum Price Prediction model above, ETH’s price in 2029 would be $6183.17. This price would however would range from $7419.80 and $4946.53.

According to the Ethereum Price Prediction model above, ETH’s price in 2030 would be $6055.06. This price would however would range from $7266.07 and $4844.05.

According to the Ethereum Price Prediction model above, ETH’s price in 2031 would be $5917.27. This price would however would range from $7100.73 and $4733.82.

According to the Ethereum Price Prediction model above, ETH’s price in 2032 would be $6620.79. This price would however would range from $7944.94 and $5296.63.

According to the Ethereum Price Prediction model above, ETH’s price in 2033 would be $7411.73. This price would however would range from $8894.08 and $5929.39.

According to the Ethereum Price Prediction model above, ETH’s price in 2034 would be $9472.05. This price would however would range from $11366.45 and $7577.64.

According to the Ethereum Price Prediction model above, ETH’s price in 2035 would be $11020.96. This price would however would range from $13225.15 and $8816.77.

The highest price for Ethereum was recorded in 10 November 2021 during which ETH hit an All Time High of $4878.26

The price of 1 Ethereum according to current market rate is $2415.57

While Ethereum has established itself as a leading platform in the cryptocurrency ecosystem, attaining a price point of $100,000 would necessitate unprecedented market conditions and substantial advancements in the underlying technology. Such a valuation would require a significant expansion of the overall cryptocurrency market and widespread adoption of Ethereum-based applications.

Reaching $20,000 for Ethereum is ambitious but possible. It depends on broader market growth, increased adoption of Ethereum-based applications, and overcoming technical challenges.