Ethereum (ETH) Price Prediction for 2024-2025

Ethereum Price Prediction

Although buying and holding some cryptocurrencies has proven profitable, most digital assets are risky investments. However, a couple of cryptocurrencies are widely recognized as safer investments. These are Bitcoin (BTC) and Ethereum (ETH). In this article, we will focus on the latter. More specifically, we provide a comprehensive Ethereum price prediction summarizing forecasts from several reputable sources.

What Is Ethereum?

Ethereum is the best-known ‘altcoin,’ a term referring to any cryptocurrency other than Bitcoin. Strictly, Ethereum is a decentralized open-source blockchain. The native cryptocurrency of this network is Ether. However, it is widespread to refer to the cryptocurrency also as Ethereum.

Ethereum is a platform that hosts other cryptocurrencies (tokens) through the compatibility standard ERC-20. It also supports the execution of decentralized smart contracts, a technology this platform pioneered.

Vitalik Buterin, one of Ethereum’s co-founders, described the Ethereum platform in a 2013 white paper. After securing funding for the project through an initial coin offering (ICO) in 2014, the Ethereum blockchain was launched on July 30, 2015. Over the years, several updates to the Ethereum network have taken place. The most recent one occurred on August 5, 2021, during the so-called “London” hard fork.

Ethereum features top-notch technology, making it the number one platform for smart contracts. The Ethereum 2.0 update is scheduled to happen in 2022. The main goal of this update is to switch the consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). It will also introduce sharding as a scaling solution.

The Ethereum platform aims to become a global platform for decentralized applications (DApps), where developers can write and execute code resistant to censorship, fraud, and downtime. With such an ambitious project, it is not a surprise that ETH is the second most valuable cryptocurrency per market capitalization.

As of July 17, 2022, Ethereum had the following data:

Coin Name

Ethereum

Coin Symbol

ETH

USD Price

$ 1,414.15

Market Cap

$171,558,973,623.90

24h Trading Volume

$18,205,540,316.69

Circulating Supply

121,710,489 ETH

Ethereum Price History

During the ICO of 2014, the Ethereum team raised $18.3 million in Bitcoin. At the time, each ETH coin sold at $0.311. Over 60 million ETH coins were sold back then. Ethereum hit the market in 2015 with a price of $0.75. There were no significant price moves during 2015. However, the ETH price skyrocketed next year, from over $1 in January 2016 to $15.20 in March of the same year. Such a price hike represented an appreciation of 1,300%. On June 15, 2016, ETH climbed to $20.59, signaling the enormous potential of this coin as an investment.

Almost one year later, on June 11, 2017, ETH crossed the $400 line, selling at $401.49. In the last quarter of 2017, ETH increased its value progressively, setting an all-time high in January 2018 at $1,430. After such an impressive price surge, ETH entered a bull market that lasted approximately three years.

Several investors were apprehensive about the future of this cryptocurrency. However, in the second half of 2020, the ETH price crossed the $400 line again. An upward trend ensued, leading to a new all-time high of nearly $4,300 in May 2021. Investors who resisted the urge to sell their ETH holdings during the bear market were rewarded with profits of up to 4,600%. But that was not the end. The ETH price reached a new all-time high on November 16, 2021, trading at $4,891.70.

After such a massive price hike, this coin’s price progressively declined. The ongoing bear market sunk the ETH price to $993.64 on June 17, 2022. On July 27, 2022, the ETH price was around $1,414.15. Compared to the all-time high price of November 16, 2021, ETH has lost over 71% of its value. On January 8, 2024, the ETH price reached $2,309.7.

What will happen next? Will the ETH price increase in the following years? Let us discuss it in the ETH price prediction below.

Ethereum Price Prediction 2024

In 2024, Ethereum will be back on track and ready to set a new all-time high price, according to Wallet Investor. The average ETH price would go from $3.783.83 on January 1, 2024, to $5,125.45 on December 31 of the same year. The possible maximum ETH price on the last day of 2024 is $5,917.06.

Experts with Crypto News Z are not as optimistic and predict a maximum ETH value in 2024 of $2,500. For its part, Digital Coin Price predicts a maximum price of $2,090.56 in 2024. Long Forecast predicts the ETH price to fluctuate between $2,068 and $2,648 in December 2024.

Ethereum Price Prediction 2025

Wallet Investor predicts the bullish trend will continue for ETH in 2025. Accordingly, the ETH price will fluctuate between $5,401.62 and $7,406.67 on the last day of that year. For its part, Crypto News Z predicts a maximum ETH price of $2,900 in 2025. However, the price can be as low as $2,340. Long Forecast predicts a similar scenario, with the ETH price ranging between $2,233 and $2,771 in December 2025.

What Is Ethereum Used for?

Ethereum is used primarily for developing and hosting other cryptocurrencies and executing smart contracts. However, this platform supports different types of DApps, non-fungible tokens (NFTs), decentralized finance (DeFi), and more.

Is Ethereum a Good Investment?

Ethereum is the second-largest cryptocurrency by market capitalization. Moreover, the Ethereum network is a leading innovator in blockchain technology, and its cryptocurrency ETH is widely used in the crypto space. Despite suffering from price volatility like most cryptocurrencies, Ethereum is regarded as one of the best and safest investments.

FAQ

How High Will Ethereum Go?

It is uncertain how high the ETH price can be. However, some optimistic predictions expect this cryptocurrency to cross the $9,000 mark by 2027.

Is Ethereum the Future?

As a pioneer in smart contracts technology, Ethereum has enabled new use cases like NFTs and DeFi applications. All these technologies have a promising future. Hence, we could say that Ethereum somehow represents the future of blockchain technology.

Should I Invest Money in Ethereum?

Ethereum can be a great addition to your investment portfolio. However, the ultimate decision of whether to invest in this cryptocurrency is only yours. If you decide to add this coin to your portfolio, you can purchase it from LetsExchange.io. You do not need to register on our platform to buy and sell more than 4,000 supported cryptocurrencies.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.


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