Ethereum Price Prediction: ETH Prices for 2022 and Beyond
Ethereum (ETH) is the second-best cryptocurrency (crypto) after Bitcoin. Like Bitcoin, the market volatility in 2022 has seen ETH trading up and down. March 2022 has seen the prices settling between $2,500 and $2,700.
The Ethereum blockchain is an open-source network that supports peer-to-peer transactions and an ecosystem powering thousands of apps. It was initially built on Bitcoin’s innovation and was primarily used to send and receive value.
Ethereum differs from Bitcoin due to its programmable blockchain. This brings practicality to the network, and users can utilize it for various digital assets. The Ethereum blockchain works as a bazaar, where you can find financial services, apps, and games.
The coin reached an all-time high of $4,891 in November 2021. Since then, the market took a downturn and has been navigating turbulent times, especially in 2022. Ethereum has not been spared either, with the coin failing to hold above $3,000 for most of 2022.
Ethereum currently ranks second in the crypto market with 18% market dominance. Despite hosting an expansive crypto ecosystem, Ethereum has also borne the brunt of the recent market volatility. To put things into perspective, Ethereum prices were $2,503 on March 9th, 2022, $3,185 on February 2022, and $3,800 at the beginning of 2022.
Ethereum saw highs of $3,800 at the beginning of 2022. At the time of writing, Ethereum was trying to break the $2,700 barrier. The prices have been stuck below $3,000 for much of February and March 2022.
The Russia-Ukraine war has undoubtedly had a bearing on crypto asset prices. At the onset of the invasion, prices quickly tumbled before rebounding mildly. Even in the face of the executive order by the US president, Joe Biden, that saw prices rise, Ethereum quickly fell back to regions around $2,500. The bearish market sentiments look to continue, and a crypto winter seems to be firmly at hand.
We look at how long it may take before Ethereum breaks the $3,000 mark again. The article also checks the short and long-term price outlooks for Ethereum up to 2050! We also explore the key events that are likely to influence Ethereum prices plus predictions from experts.
Ethereum Price Analysis This Week
Ethereum is a cryptocurrency that also influences market direction. It's vital to keep a pulse on its future price to understand the general market sentiments. Here’s the forecast for ETH prices for this week.
Latest Ethereum Price Predictions by Experts
Ethereum is a project with great fundamentals and is continuously being improved. Smart contracts, non-fungible tokens (NFTs), decentralized finance (DeFi), and decentralized autonomous applications (DAOs) are some of the exciting platforms and applications that the Ethereum ecosystem supports.
Experts still believe that ETH will rebound and surpass last year’s high despite the recent slump in prices. This is the consensus among analysts for the long term; however, there is great uncertainty for the short term.
It's hard to tell if the coin is a ‘buy’ at the moment. Taking a short position may be a desirable strategy currently due to the market volatility. A panel of fintech specialists interviewed by finder suggested that the price of ETH is likely to surpass $6,500 before the end of 2022.
Bloomberg’s Mike McGlone forecasts that prices will likely fluctuate between $4,000 and $5,000. The founder of Token Metrics is bullish on the price of ETH and believes the prices may hit $8,000. With most crypto investors seeking the next breakout opportunity on ETH, let’s look at the price forecasts from experts and industry analysts.
Wallet Investor sees ETH as bullish for 2022, forecasting that prices could see a maximum price of $5,056. Analysts put the average price as high as $4,609. The site expresses similar sentiments for 2023, with prices for ETH predicted to reach a maximum of $7,670. Forecasts are based on an algorithm that uses artificial intelligence(AI) Forecasts for 2025 still maintain bullish sentiments, with prices projected to hit a high of $13,000.
Govt.capital is another platform that relies on historical data to issue predictions. The site predicts an uptrend for ETH prices, settling on highs of $4,681 for 2022. Experts suggest that bullish sentiments will persist in 2025, with prices predicted to hit highs of $14,876.
Digitalcoinprice forecasts that ETH prices will see an average price of $3,433 and a subdued high of $3,731 before the close of 2022. The platform predicts that ETH may break through $4,000 in 2023. The maximum predicted price for 2023 is $4,159, with possible lows of $3,531.
The price forecasts from Price predictions are also bullish, putting ETH prices at highs of $4,087 and possible lows of $3,492 for 2022. The forecasts put the price of ETH at $5,978 by the end of 2023. The site predicts a maximum price of $87,958 for 2030, an increase of 33 times compared to the current price.
Establishing the price of any crypto with absolute certainty is not possible. However, the above predictions show us what to expect in the short-medium term.
Ethereum Price Drop Prediction
Ethereum prices follow the broader crypto market movements, which Bitcoin greatly influences. Like every other crypto asset, ETH experiences price volatility, influenced by market sentiments plus other factors. New investors should always consider price fluctuations before investing. There is always the possibility that prices may fall. It's always prudent to carry out market research and fundamental price analysis.
Within the last three months, ETH prices have fluctuated from lows of $2,172 to highs of $4,149, representing a 91% shift in prices. There’s even a more pronounced difference when you take data over a period of 52 weeks. Prices oscillated between lows of $1,560 and highs of $4,891. This represents a 213% shift in prices within this short period.
Long-Term Ethereum Forecast
Ethereum was launched in mid-2015 and soon after, ETH prices hit rock bottom at $0.4. Over the past 6 years, ETH prices have exploded. If you purchased ETH when it was first launched, you would have a 94,440% return on investment(ROI).
A long-term investment strategy certainly requires “diamond hands,” as Redditors aptly put it. During the last six years, prices have fluctuated significantly. However, what stands out is that long-term investment pays off eventually. Experts and industry analysts have a positive outlook for Ethereum. If the next ten years look anything like the past six years, ETH investors will be very happy. However, it should be noted that the downside means a loss of capital with the possibility of prices plummeting to less than a dollar.
Several factors are likely to influence prices. Long-term forecasts put prices north of $10,000 with an outlier placing highs of $50,000 by 2030. To predict the price changes, we focus on historical data, AI, and expert analysis.
Here are the latest price predictions for Ethereum up to 2050.
Monthly Ethereum Price Forecast for 2022/2023
Many analysts place conservative growth estimates for Ethereum. Forecasts suggest a maximum price of $5,056 and a minimum price of $2,329 for 2022/2023. The predictions put possible prices at $3,692 and a closing average of $4,609.
Here is a month-by-month price forecast, highlighting the possible lows and highs for this period.
What Impacts Ethereum Price?
Ethereum prices have shifted extensively since its launch. This is a testament to the volatility of ETH. The fluctuations result from different aspects and factors, including
Correlation to Bitcoin Prices:
According to coin metrics, there’s a 0.90 correlation between the price of Bitcoin and Ethereum. Bitcoin often influences the broader market, meaning any time Bitcoin is bullish, crypto-assets like Ethereum are likely to have a price surge.
Although there’s every likelihood that the positive correlation will reduce in the future, currently, the two coins are closely correlated.
Ethereum is facing stiff competition from new generation blockchains that are much faster, more environmentally friendly, lower gas fees, and more scalable. These so-called ”Ethereum killers” have come up to take advantage of Ethereum’s weaknesses and are definitely eating up Ethereum’s market share.
The competition includes blockchain projects like Tezos, Polkadot, Avalanche, Solana, and Cardano. These are serious competitors offering smart contracts, NFTs, DeFi, and much more. It remains to be seen how long Ethereum will hold its first mover's advantage before these competitors take a sizable share.
Supply and Demand:
This is yet another important factor that greatly affects prices. Prices typically surge when demand is high on cryptomarkets prompted by an increase in buy orders.
The are many Decentralized applications(Dapps) that work on the Ethereum blockchain. An increase in the number of transactions means that ETH fees will rise leading to greater demand for ETH tokens. This is likely to drive prices even higher. The one advantage that Ethereum has in the long term is that more Dapps are coming online.
Media drives cryptocurrency awareness among the masses. There is also a positive correlation between media coverage and the prices of cryptocurrencies. Positive coverage and prices are likely to surge while the opposite is true.
Industry leaders and celebrities like Elon Musk and Vitalik Buterin have used social media platforms like Twitter to relay information or opinion which sometimes affects prices.
Ethereum 2.0 Upgrades:
The upgrades seek to improve the Ethereum blockchain to a more secure, scalable solution, and reduce gas fees. It’s also expected that the rollout of the Beacon chain and shard chains will make the blockchain even faster, effectively attracting more developers to Ethereum.
With the network transitioning to proof-of-take(PoS), the blockchain will experience better economies, and a majority of ETH is expected to be staked reducing the supply in the market and driving prices. It’s expected that DeFi projects will prefer Ethereum which will increase the demand for ETH.
One of the strongest selling points for Ethereum is the different use cases it can support. This effectively drives demand for the blockchain up and with it the prices.
DeFi applications are literally turning traditional financial ecosystems upside down, with new innovations coming up that don’t require gatekeepers and intermediaries.
New NFT projects and marketplaces are also coming up daily on Ethereum as well as the support for Decentralized autonomous organizations(DAOs). This has attracted a large number of contributors, developers, and communities to the blockchain and this is bound to make it succeed even further.
Regulatory news like the executive order from the US president, China’s crypto ban, or issues surrounding protocol modifications often affect prices.
This is a really controversial area for most crypto enthusiasts. With most governments formulating legal policies on cryptocurrencies, laws against crypto from major economies are likely to dent prices for many crypto-assets including ETH.
Upcoming Ethereum Events
There are technical upgrades for 2022 that will be seeking to evolve the Ethereum blockchain to a better, more secure, and efficient blockchain. Ethereum expects a complete transition from Proof of Works(POW) to Proof of Stake(PoS). The upgrade is dubbed the “merge” and is not expected to have much bearing on the overall price.
Shard chains are also coming to Ethereum in a multi-phase upgrade on the blockchain to improve capacity and scalability. This upgrade is planned to follow the merging of the Beacon chain upgrade and the Ethereum mainnet.
With shard chains, Ethereum users can expect cheaper data storage layers and low fees while leveraging security on the blockchain. These upgrades are unlikely to influence the non-technical side of the crypto industry. However, the prices may be affected by these upgrades in the medium term once they are appreciated more by users.
Ethereum Historical Price Changes
Ethereum was launched in 2015 and was modeled after the Bitcoin blockchain. Let’s look at the coin’s price history since 2015.
Ethereum Price Prediction Chart
Ethereum Vs. Bitcoin Price Prediction
Bitcoin greatly influences the other crypto assets' prices and Ethereum is no exception. It’s prudent, therefore, to understand Bitcoin’s price direction due to their price correlation.
Bitcoin and Ethereum are two of the biggest crypto assets by market cap. However, both operate differently, with Ethereum being a blockchain with extensive capabilities. Both have found their niches and are doing extremely well.
According to expert analysis, Bitcoin prices are likely to peak at $57,000 in 2022. Analysts don’t see ETH prices breaking the $4,000 price barrier. They see the average price settling around $3,751 for the year.
Bitcoin was the first coin to gain mainstream adoption, so it has the first movers advantage on Ethereum. On the other hand, Ethereum is rapidly gaining adoption due to its many use cases. Going forward, we expect prices of both Bitcoin and Ethereum to increase moderately, especially in 2022.
Live Price Chart of ETH: USD
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Best Brokers to Buy Ethereum
Ethereum is listed on many crypto platforms. Settling on the best provider can be a daunting task. We’ve compiled a list of top Ethereum brokers below.
Ethereum Price Predictions
Apart from Ethereum, there are other cryptocurrencies making moves in the market currently. See the price prediction and analysis by clicking the links below