Ethereum Price Predictions 2024-2030: Factors, Upgrades

While Bitcoin price is fluctuating near the $57,000 mark, ETH price has witnessed an increase in bearish price action. Moreover, due to the recent market decline, Ethereum price lost about 1% intraday with a high/low of $3,208.94 and $3,048.36. Moreover, the altcoin market leader is currently trading at a price of $3,070.53.

Notably, the Ethereum coin price has successfully retested its support trend line of the descending channel pattern, indicating increased price action. Moreover, the MACD is showing a consistent increase in the red histogram, with its averages recording a high probability of a bullish convergence on the 1D time frame.

If the broader market recovers, the ETH coin price will regain momentum and prepare to test its overhead resistance level of $3,400 in the coming weeks. Conversely, if the psychological support barrier fails to absorb the rising supply, the altcoin market leader will crash to its crucial support level of $2,800 in case the bears continue to dominate the crypto market.

ETH Price Prediction 2024

As the volatile year 2023 comes to an end, the Ethereum market price is recovering remarkably and forming an ascending triangle pattern on the weekly chart. After bouncing off the psychological barrier of $1000 in November 2022, the uptrend continues to gain momentum on the Ethereum weekly chart.

ETH price breaks the overhead resistance and crosses the $4000 mark. Moreover, the breakout rally signals a longer uptrend and avoids a death cross on the weekly chart. If buyers push the Ethereum market value above $5000, the continuation of the bull run in 2024 can increase exponentially. With potential spot ETF approvals and the Bitcoin halving effect on altcoins, ETH price can reach $10,000.

Factors affecting Ethereum price in 2024

Bullish factors

• The Dencun upgrade will make using Ethereum faster and cheaper and more people will try to build apps on it.
• Bitcoin halving – If BTC rewards are cut, some of the money could flow to Ethereum instead. This could drive up interest.
• Increasing acceptance – Every year more companies are experimenting with Ethereum. As usage increases, it will attract more developers.
• Ether ETF Application – The optimistic expectations surrounding the Ethereum ETF application are becoming one of the key bullish catalysts.

Bearish factors

• Regulatory concerns – Governments can impose strict rules that increase risks and uncertainties.
• Market volatility – Crypto prices like Ethereum fluctuate depending on market conditions.
• Competition – Networks like Solana and Cardano are trying to improve on Ethereum, and if they perform better, some users may switch over time.

ETH Price Prediction 2025

Similarly, Ethereum, the second-largest cryptocurrency, is expected to maintain its uptrend and reach higher highs in 2025. Moreover, with increasing adoption and demand, the ETH coin price can reach a new all-time high of $14,925.

On the other hand, however, the price of ETH coin can drop to $8,917, with the average ETH price being $10,421.

Ethereum Price Prediction 2026 – 2030

ETH price prediction for 2026

By 2026, the price of Ethereum coin is expected to reach a high of $16,610. Conversely, the ETH price could drop to $5,566, with an average price of $8,713.

ETH price prediction for 2027

Similarly, the Ethereum prediction for 2027 expects the ETH coin price to hit a new all-time high of $28,705. However, a correction due to market imperfections could push the ETH crypto to $6,800, with an average of $15,246.

ETH price prediction for 2028

In 2028, the chances of Ethereum dominating the crypto market are increasing as the ETH coin price may reach a new high of $36,410. Conversely, the altcoin may drop to $12,613, giving it an average price of $24,482.

ETH price prediction for 2029

Ethereum price is approaching its all-time high of $41,994.32 in 2029 and is expected to cross the psychological barrier of $40,000. On the other hand, in case of a correction, ETH could reach a low of $26,192.00, with an average price of $35,010.77.

ETH price prediction for 2030:

Finally, the ETH crypto price is predicted to reach a new all-time high of $56,575.21 in 2030. In contrast, its potential low is $30,647.23 and the average price is $43,563.01.

CoinPedia’s Ethereum price prediction

Factors like the successful move to PoS and the upcoming Danksharding upgrade will align the stars in the protocol’s favor. If the Ethereum network manages to grow significantly with the upcoming upgrades and win the adoption race, the ETH crypto price will skyrocket.

It is possible that the price of Ethereum coin (ETH) will reach a new swing high of $10,000 before the end of 2024. Conversely, increasing FUD among investors and lack of updates could push the value of 1 ETH to $2,160.

Market analysis

*We have created a table containing the possible price predictions for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

Upcoming tokens in the Dencun upgrade

• EIP-4788: EIP-4788 extends the capabilities of the EVM and securely connects Ethereum’s execution layer with beacon chain data for advanced LSD operations.
• EIP-7514: Increasing epoch loss limits via EIP-7514 aims to balance scalability and network accessibility as validator numbers increase.
• EIP-7044: This upgrade simplifies staking with EIP-7044 and introduces permanent signatures for voluntary exits, improving stakeholder security.
• EIP-7045: EIP-7045 proposes extended attestation slots, strengthening the security of LMD-GHOST and paving the way for faster Ethereum block confirmations.
• EVM Update: EVM development continues with opcodes such as EIP-1153 and EIP-5656, with the goal of streamlining smart contracts while reducing gas costs.
• EIP-7516: Introducing the BLOBBASEFEE opcode from EIP-7516. This facilitates the provision of real-time rollup costs and the creation of derivatives based on L1 fees.

Historical Ethereum price sentiments 2016 – 2024

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