Ethereum, the second-largest cryptocurrency next to Bitcoin, has established itself in the crypto market during the last few years. Ethereum’s future seems exceedingly bright, thanks to its superior blockchain technology and strong community support.
We’ll go over our Ethereum Price Prediction in-depth in this article. Ethereum’s future forecasts will be detailed, as well as some further analysis on the best place to purchase Ethereum this year with no commissions!
Look no further if you’re seeking a brief breakdown of our Ethereum price forecast. This section gives you a summary of our Ethereum price forecast for 2022, so you can have a forecast of the coin in the next months.
But before we go into detail about the Ethereum prediction for 2022, let’s have a look back at the Ethereum price prediction for 2021.
If you want to buy Ethereum, you should first learn about the digital currency and how the price got to where it is now. Doing your ‘due diligence,’ or researching these factors, is important in the investment process. First, we’ll look at what Ethereum is to get a broad understanding, and then we’ll look at the current Ethereum price for more in-depth research.
First and foremost, Ethereum (ETH) is not a ‘currency’ in the traditional sense; rather, Ethereum is a blockchain platform on which the currency Ether can be used. It may appear to be confusing, yet the terms are frequently interchanged. Vitalik Buterin coined the concept for Ethereum in 2013, and the platform was officially released in 2015.
People prefer to invest in Ethereum instead of Bitcoin because of its practical applications. Decentralized applications (dApps), which provide safer and more anonymous means of conducting certain services, can be run on the platform. These decentralized applications (dApps) have grown in popularity in decentralized finance (DeFi) projects, removing the need for intermediaries like banks and brokers.
Ethereum has evolved tremendously over the years as more and more people recognize the platform’s potential. However, it wasn’t until the start of 2021 that the price of ETH began to rise, as the hype surrounding cryptocurrency reached a fever pitch. Ethereum’s price climbed by 166 percent between the beginning of the year and mid-February 2021!
However, the Ethereum price fell and remained stable until late March 2021, when a bull run began, with Ethereum rallying 180 percent to all-time highs of $4381. It represents a 496 percent rise since the start of 2021. Market watchers were confident that Ethereum might go as far as it wanted at this moment, but that was not the case.
In May 2021, the price of Ethereum decreased by roughly 60%, which was not due to any reasons directly related to them. China’s crypto law, which prohibits financial and payment organizations from providing crypto services, has significantly impacted the crypto sector. It was a huge shock to the crypto market, and most major altcoins saw big price drops as a result.
This decline lasted until July 2021, when Ethereum began to exhibit some short-term bullish momentum. The price increased by roughly 86 percent during July and August, demonstrating the crypto asset’s bullish momentum. Ethereum’s price shows no indications of slowing down at the time of writing, leading many to assume that the price will increase once more.
The Ethereum token, ETH, outperforms its altcoin competitors, with a sluggish start to 2022 compared to other competitors’ double-digit rise.
ETH has remained largely constant from its New Year’s Eve close of $3,811.13. FTM (Fantom’s native cryptocurrency) increased by 34% over the same period. In contrast, NEAR, the native currency of another layer-1 blockchain based on the Near Protocol, increased by 20%, Harmony’s coin, ONE, increased by 39%, and CELO increased by 17%.
Despite being a much larger platform, Ethereum is sometimes chastised for being slow and expensive, flaws that these smaller-cap currencies seek to exploit.
So, what does the price of Ethereum look like in 2022? Is there a chance that the coin will reach new highs or lose value?
Throughout 2021, the Ethereum blockchain will be upgraded to Ethereum 2.0, a project that will last through 2022. Coin burning was introduced as part of the London hard fork, or split, in August and meant to increase the value of the ETH coin by limiting supply as its use grows.
On October 27, the Altair upgrade went live on the main network. The Ethereum Beacon Chain upgrade is a test of the switch to proof-of-stake (PoS) block mining, and to finalize the Ethereum 2.0 upgrade, the regular Ethereum chain will combine with the Beacon Chain in 2022.
As the blockchain moves from proof-of-work (PoW) mining to proof-of-stake (PoS) mining, the Arrow Glacier network update took effect on December 8, delaying the “difficulty bomb,” or an increase in mining difficulty, until June 2022. Bitcoin’s blockchain consensus algorithm is known as proof-of-work. It completes sophisticated cryptographic calculations to verify block transactions and mine new currency. PoS verifies transactions by staking money on the network, using less computational processing power and electricity.
Institutional investors have expressed interest in Ethereum this year, owing to the introduction of decentralized finance (DeFi) and non-fungible tokens (NFTs).
Last week, Ethereum suffered “small” withdrawals of $17 million, the first time after six weeks of inflows; however, this represents only 0.09 percent of AuM and is unlikely to be significant, according to CoinShares.
On November 10, ETH reached an all-time high of $4,859.50, while BTC reached a new high of $68,789.63. However, neither currency maintained its gains nor the fall rate intensified in November. Ether’s price fell to $3,525.49; on December 4, it recovered.
Ether was trading at $3,811.13 at the beginning of January. The coin fell to 22% but still gained more than 200 percent since 2021.
Where is the ETH price heading to in 2022?
CoinCodex technical ETH price study revealed that short-term sentiment was neutral at a price of roughly $3,918, with 19 technical analysis indicators indicating bullish signs and 10 indicating bearish signals. According to the data, technical support was between $3,937 and $3,819, with upside resistance ranging from $4,055 to $4,173.
CoinCodex forecasted that the price of ETH would rise marginally to $4,057 by January 10.
With the continued usage of the blockchain for dApps and NFTs, prominent traders and investors expect the ether price to climb over time. In October, billionaire investor Mark Cuban tweeted that he believes Ethereum has greater growth potential than Bitcoin.
According to Wallet Investor’s ETH price projection, ether might soar to $6,912 by 2022. According to Wallet Investor, the price might hit $10,000 in January 2024 and $19,254 by the end of 2026.
Similarly, DigitalCoin’s ethereum projection for 2022 was positive, projecting a price of $6,380 next year. Based on historical data, the site’s forecasts indicate ETH’s rise to an average of $7,569 in 2025.
It’s crucial to remember that cryptocurrency markets are still extremely volatile, making it difficult to anticipate the price of ethereum in a few hours and even more difficult to provide long-term estimates. As a result, experts and algorithm-based forecasts can and do make mistakes.
We’ve covered all of the basics for analysis to generate an accurate Ethereum stock forecast. Our Ethereum price prediction considered technical and fundamental elements to develop a solid estimate. With that in mind, the sections below go through each of these points in-depth, giving you a good picture of Ethereum’s future projection.
Ethereum broke out of the falling wedge in which it had been stuck during June and July, resulting in a strong upward surge. These falling wedge patterns tend to appear immediately before a bullish impulse, so investors who could spot them will benefit.
Ethereum has easily broken over the high resistance level of $2895 and is presently producing a bull flag right above it. Bull flag patterns usually appear right before a new upward push, so this is a good omen for Ethereum investors.
As time goes on, we expect Ethereum will return to its all-time highs in May 2021, according to our Ethereum price prediction. Because there is no significant resistance between the current price and that level, hitting there again should not be a problem if the bull market continues. Furthermore, given the upward swings, ETH will increase again before the end of the year is a distinct possibility.
When looking for an Ethereum prediction, it’s important to consider fundamental elements in addition to technical factors. As previously stated, the Ethereum platform has tremendous future potential and is an excellent platform for developing and hosting decentralized applications. According to Coindesk, there are currently over 3000 decentralized apps on Ethereum’s platform; we expect a rise in the months and years ahead.
Many analysts believe that dApps will transform business in various areas, including banking. Uniswap is a decentralized exchange, meaning users engage directly with one another. If Ethereum’s platform continues to be used by more digital assets, the coin’s price will skyrocket.
Our Ethereum long-term projection is quite positive because of the variables discussed in the previous section. If you’re wondering how to buy a cryptocurrency and invest in Ethereum, now might be a good moment to do so. Ethereum is one of the fascinating cryptos to watch in the future, both to market momentum and a good use case.
Unlike Bitcoin, Ethereum offers applications that can help businesses worldwide. Because of the platform’s nature, many corporations will cooperate with Ethereum. JPMorgan will use Ethereum for their digital token, according to Consensys.net, which is a huge boost for Ethereum’s credibility.
Ethereum’s ability to allow smart contracts (a critical component of dApps) encourages more investors to choose Ethereum over alternatives like XRP, Cardano, Litecoin, or Dogecoin. Finally, Ethereum 2.0 release will dramatically boost transaction speed.
With these considerations in mind, our Ethereum price prediction 2025 forecasts a value of $10,000 for this coin. Although this appears to be a large sum, Ethereum’s potential distinguishes it from many competitors. We believe that the Ethereum platform has merely scratched the surface in its capabilities.
Ethereum could eventually overtake Bitcoin as the most valuable cryptocurrency.
Even further into the future, our Ethereum price prediction 2030 sees the currency valued at $50,000. Ethereum’s platform should have become an important element of the financial ecosystem by this time, displacing several out-of-date systems. If this occurs, our Ethereum forecasts indicate that the price of ETH will strive to be considerably higher than it is now. As a result, we feel that $50,000 is an appropriate price target for 2030, marking a significant gain over current levels.
As our Ethereum forecast has shown, this coin has a promising future. When examining the price chart, you can easily observe the sharp increase in May, followed by a drop resulting from Chinese regulatory announcements. However, all of the elements are in place for Ethereum to be a huge success in the future.
The transition to Ethereum 2.0, which will see the platform switch to a proof of stake (POS) architecture, will be one of the most significant changes for Ethereum in the future. In a nutshell, this will improve Ethereum’s scalability and enable it to support hundreds of transactions per second with cheaper fees. Ethereum 2.0 will also improve the platform’s security and lower the platform’s carbon footprint.
These changes will have a ripple effect, attracting more enterprises to adopt Ethereum’s platform, resulting in a significant increase in Ethereum’s price. Smart contracts will play a significant part in Ethereum’s (and many industries’) future. Therefore these enhancements to Ethereum’s platform position them to benefit from future industry shifts. These facts add together to support our projection that Ethereum will be valued at more than $50,000 by 2030.
Purchasing Ethereum for the first time can be a difficult task. However, there are many good products available; it’s simply a matter of selecting the ideal platform for you.
Here are important questions to consider while looking for the best Ethereum exchange.
The world of cryptocurrency investment is intriguing, but it has sadly drawn its fair share of dishonest actors. And, because bitcoin is still a relatively new business, it’s taken some time — and a few high-profile hacks — for big cryptocurrency exchanges to apply the same kinds of protection as banks and other financial organizations.
If a crypto exchange or broker isn’t forthcoming regarding its security systems, this should raise serious concerns. It’s common to read that a corporation doesn’t want to reveal these facts for security reasons. However, this is inaccurate. A trading platform can reveal a lot of information without jeopardizing its systems.
If you’re new to Ethereum, you’ll want a simple platform with many educational resources. Look for a platform with a good app if you prefer mobile apps to web browsers.
Other features to consider are:
Ethereum is undergoing a big update to a new infrastructure to make it more scalable, sustainable, and secure. One area of the upgrade is a change in the transactions process. It will transition from an energy-intensive proof-of-work paradigm to a proof-of-stake mechanism without technical details.
It implies that users can earn incentives by staking their ETH tokens — and if you’re willing to link up your ETH tokens, you can help finance the move to the new network. It is an excellent approach to make passive income from your Ethereum investment if you’re a long-term investor.
Safely purchasing and selling Ethereum has never been simpler. There are numerous excellent brokers, exchanges, and apps on the market to fit the interests of all types of investors. It’s only a matter of depositing money and converting it into ETH once you’ve looked into the choices and decided on a platform.
Before we wrap off this article, let’s look at investing in Ethereum. To invest, you’ll need to open an account with one of the top trading platforms in the UK, which will allow you to conduct your business safely and efficiently.
It can be hard to choose from the different platforms available on the market. eToro, on the other hand, is the finest crypto exchange for purchasing Ethereum this year, according to our research and testing. We strongly advise you to use eToro because they are a fully licensed broker regulated by the FCA, ASIC, and CySEC. It means that when you trade with eToro, your account is safe to the highest standards.
In contrast to many other sites, eToro does not charge any commissions. It distinguishes them from brokers and exchanges that charge a ‘fee’ based on the amount of the position. The cost charged by eToro is in the spread, which is displayed next to the cryptocurrency’s name. During busy trading hours, these spreads are usually competitive with other platforms.
Remarkably, there are no deposit or monthly account fees with eToro. The eToro platform now has a minimum deposit requirement of $50 (£36), allowing users of all experience levels to invest. Also, when it comes to deposits, eToro accepts credit/debit cards, bank transfers, and e-wallets, even PayPal!
Finally, eToro’s mobile app makes it the ideal Ethereum trading platform in the UK for mobile traders. The app provides all of the same features as the web platform, but it’s more accessible. Finally, if you are a newbie, you can take advantage of eToro’s free demo account, which allows you to explore the markets without risk!
Step 1: Find the best Ethereum exchange for you.
Since Ethereum’s popularity has grown, it appears that you can buy cryptocurrency almost anywhere. Do your research and discover an exchange that offers a safe, secure, and affordable option to buy Ethereum for the first time.
Step 2: Open an account with eToro.
You might discover that eToro is an excellent site for purchasing Ethereum. If that’s the case, both registering and depositing money into your account through wire transfer or bank deposit is straightforward.
Step 3: Verify your account.
eToro will request you verify your account to protect your account. You will provide valid proof of identity and address.
Step 4: Place a fiat currency deposit
You can begin once your account is verified and deposit fiat currency into your new eToro account. You must first have fiat currency in your eToro account to buy ETH.
Step 5: Purchase your first Ethereum.
You’ll be all set now that your cash has arrived in your account! Go to the Ethereum page and make your first purchase to get started.
In conclusion, this article has gone through Ethereum in great detail, showing its pricing history and predicting its future possibilities. As you are probably aware, Ethereum’s platform has a lot of promise in the future; if developers can take advantage of it, we will certainly witness some fantastic price changes in the months and years ahead.
If you want to buy Ethereum right now, we recommend eToro. eToro has one of the best pricing for crypto trading, with zero percent commission on all trades. Furthermore, eToro accepts PayPal as a deposit method, with minimum amounts starting at $50!
What is the current Ethereum price?
The Ethereum price is currently $3,811 at the time of writing. It represents a 400% gain since the beginning of 2021.
What factors influence the price of Ethereum?
Ethereum’s price is driven by supply and demand, just like all other coins in the cryptocurrency market. If more individuals want Ethereum, the price will grow until it hits its equilibrium.
What is the best place you can purchase Ethereum?
Due to its popularity, many brokers and exchanges will feature Ethereum as a tradable asset. However, we recommend eToro because you can start investing with just $50 and pay no commissions.
Why is Ethereum increasing in value?
When Bitcoin appreciates, Ethereum, like other currencies, benefits, as a result, the entire crypto market is currently seeing some good momentum, which is helping Ethereum’s price.
By 2022, how much will Ethereum be worth?
By 2022, according to our Ethereum price projection, Ethereum will increase. It is owing to the current rising trend and the useful applications of Ethereum’s platform.
In 2025, how much will Ethereum be worth?
In 2025, our Ethereum price prediction 2025 forecasts a value of $10,000 for the coin. Ethereum platform expects to continue partnering with influential organizations in the coming years, increasing the coin’s price and credibility.