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

• According to the analysis on the weekly chart, the lowest support for ETH was established at$1,615.
• On the flip side, the highest resistance level can likely stand around $4,600.

2. Market sentiment

• The market’sbullish stance is seen to be waning in May 2024.

3. Predictive forecasts

• Our AI/ML predictive models forecast the average price of ETH to reach approximately$100,000in 2028 and soar over$1 millionin 2031.

Get in-depth insights onETH via a comprehensive monthly 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: Market turns its back on the coin

For ETH,bulls appeared to be the dominant force for the most part. Yet, the market downturn prompts a closer look at theEthereum price prediction in 2024.

The analysis period commenced with the coin testing the$2,007mark. This attempt faced pushback. Yet, the bulls launched another rally that faced a similar setback in July. A series of declines led the price to fall back to its lowest price floor at$1,615 by mid-August.

After brief dips below this level, bulls initiated a stronger rally in mid-October, flipping$2,007into support in November. For the entire month, buyers strived to defend this support while accumulating strength to move toward the resistance at$2,506.A test of this level in January triggered a slightpullbackmid-month.

Nevertheless, the decline ceased swiftly, and the price moved past this threshold by mid-February. With increasing buying pressure, the price even managed to cross the$3,134 level by the month's end. Following this, ETH marked a new peak resistance at$4,003.

A test of this level precipitated acorrective drop. The decline was amplified as the cryptocurrency market experienced a significant downturn in April. This caused the price to fall back to$3,134.

Nonetheless, this wasn’t the end ofbullish worries, as the onset of May saw the price dropping below$3,134and even the critical$3,000mark. As the analysis concluded, the altcoin was valued at$2,903. Now, if the bulls fail to defend the current support at$2,884, ETH can plummet to the$2,506mark, erasing most of the 2024 gains.

Meanwhile, things were looking grim for Ethereum on the network front. AMBCryptohighlighted that since April 19, Ethereum’s total supply has increased to about120.1 million due to a reduction in feeburning following theDencun upgrade. This shift reflected a move away from Ethereum’sdeflationarytrend. Moreover, the transaction fees reached a yearly low of approximately$0.5 per transaction.

Recentreports indicated that the odds were against the approval of an Ethereum spotexchange-traded fund (ETF) in the U.S. If the applications face rejection, it would trigger a massive downturn in the market.

AMBCryptonoted that analysts have projected lower prices forEtherin the coming months, attributing this to negative market sentiment and selling pressure that could decrease ETH's value in terms ofBitcoin (BTC).

Notwithstanding, in the event that the ETH ETF is approved, it could act as a catalyst for further growth, propelling the coin's price beyond its current highest resistance level. Such a surge could elevate the price to as high as$4,500 in the short to medium term.

ETH can also follow in BTC'sfootsteps and reach itsall-time high (ATH) this year, with prospects to touch the$5,000 mark. However, as the price trajectory evolves, it may encounter significant resistance at$4,600.

Our models predict that ETH will trade at an average price of$100,000 in the next four years. The next significant milestone for the coin would be attaining a valuation of a million dollars, which is most likely to happen in 2031. The models predict that the coin might average over$1 million.

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

• Thetrading volume startedhigh but began to decline as the price dropped. A recovery was observed during thebullishphase in mid-October.
• Between mid-February and mid-March, the volume recorded new highs, but it faltered given the following downtick. This signaled that investors were withdrawing or potentially waiting for more definite signs before committing further.
• TheOn-Balance Volume (OBV) descended until October. Thereafter, it picked up the pace and sustained anuptrend till March. Nonetheless, its trajectory reversed, reaching the value of126.6 million at the time of writing.
• This value was lower than its March peak of145.714 million.It indicated a drop in buying pressure.
• TheMoving Average Convergence Divergence (MACD) line crossed below thesignal line in June, followed by a drop below thezero line in September. The signal line followed suit in October, indicating a negativeshift in momentum.
• Towards the end of October, theMACD line rose above the signal line. The momentum continued to improve in November as both the MACD and signal lines moved above the zero line, with the trend mostlyascending thereafter.
• By the end of March, the MACD line began to decline, eventually dropping below the signal line in late April, which also started descending. As of the latest update, the MACD line was recorded at242.54, the signal line at322.82, and the histogram at-80.28. This suggested an increase indownward pressure on the price.

Ethereum's Short Term Price Prediction

Ethereum price prediction 31 May 2024: Ethereum's price for 31 May 2024 according to our analysis should range between $3420.85 to $3935.82 and the average price of ETH should be around $3678.33.

Ethereum price prediction 1 June 2024: Ethereum's price for 1 June 2024 according to our analysis should range between $3469.81 to $3992.15 and the average price of ETH should be around $3730.98.

Ethereum price prediction 2 June 2024: Ethereum's price for 2 June 2024 according to our analysis should range between $3475.34 to $3998.51 and the average price of ETH should be around $3736.92.

Ethereum price prediction 3 June 2024: Ethereum's price for 3 June 2024 according to our analysis should range between $3421.77 to $3936.88 and the average price of ETH should be around $3679.32.

Ethereum price prediction 8 June 2024: Ethereum's price for 8 June 2024 according to our analysis should range between $3294.21 to $3790.11 and the average price of ETH should be around $3542.16.

Ethereum price prediction 13 June 2024: Ethereum's price for 13 June 2024 according to our analysis should range between $3167.56 to $3644.40 and the average price of ETH should be around $3405.98.

Ethereum price prediction 23 June 2024: Ethereum's price for 23 June 2024 according to our analysis should range between $2853.25 to $3282.77 and the average price of ETH should be around $3068.01.

Ethereum price prediction July 2024: Ethereum's price for July 2024 according to our analysis should range between $5484.73 to $6310.39 and the average price of ETH should be around $5897.56.

Ethereum price prediction August 2024: Ethereum's price for August 2024 according to our analysis should range between $5811.93 to $6686.84 and the average price of ETH should be around $6249.38.

Ethereum price prediction September 2024: Ethereum's price for September 2024 according to our analysis should range between $6139.13 to $7063.30 and the average price of ETH should be around $6601.21.

Ethereum price prediction October 2024: Ethereum's price for October 2024 according to our analysis should range between $6466.32 to $7439.75 and the average price of ETH should be around $6953.04.

Ethereum price prediction November 2024: Ethereum's price for November 2024 according to our analysis should range between $6793.52 to $7816.20 and the average price of ETH should be around $7304.86.

Ethereum price prediction December 2024: Ethereum's price for December 2024 according to our analysis should range between $7120.72 to $8192.66 and the average price of ETH should be around $7656.69.

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 $3746.61, with a market cap of $449,994,386,773 and trading volumes of $13,678,397,778. 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 $6406.81 to $9610.22 and the average price of ETH should be around $8008.52.

Ethereum price prediction 2025: Ethereum's price for 2025 according to our analysis should range between $13550.17 to $20325.25 and the average price of ETH should be around $16937.71.

Ethereum price prediction 2026: Ethereum's price for 2026 according to our analysis should range between $28658.09 to $42987.14 and the average price of ETH should be around $35822.62.

Ethereum price prediction 2027: Ethereum's price for 2027 according to our analysis should range between $60610.78 to $90916.18 and the average price of ETH should be around $75763.48.

Ethereum price prediction 2028: Ethereum's price for 2028 according to our analysis should range between $128189.52 to $192284.28 and the average price of ETH should be around $160236.90.

Ethereum price prediction 2029: Ethereum's price for 2029 according to our analysis should range between $271116.00 to $406673.99 and the average price of ETH should be around $338894.99.

Ethereum price prediction 2030: Ethereum's price for 2030 according to our analysis should range between $573400.10 to $860100.15 and the average price of ETH should be around $716750.12.

Ethereum price prediction 2031: Ethereum's price for 2031 according to our analysis should range between $1212719.56 to $1819079.34 and the average price of ETH should be around $1515899.45.

Ethereum price prediction 2032: Ethereum's price for 2032 according to our analysis should range between $2564856.09 to $3847284.14 and the average price of ETH should be around $3206070.12.

Ethereum price prediction 2033: Ethereum's price for 2033 according to our analysis should range between $5424573.82 to $8136860.73 and the average price of ETH should be around $6780717.28.

Ethereum price prediction 2035: Ethereum's price for 2035 according to our analysis should range between $24264473.09 to $36396709.63 and the average price of ETH should be around $30330591.36.

Top Coins Price Predictions

Similar Long Term Price Predictions

ETH/USD Pair

ETH/Euro Pair

Ethereum’s current price is $3746.61 and witnessed a -0.52% decrease in the past 24 hours. ETH/BTC pair saw a -1.54% 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 -0.52% decrease and over the past 30 days Ethereum has increase by 24.47%. 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 $9610.22 and $6406.81. 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 May 2024 should range between $6406.81 to $9610.22 with the average price for May being $8008.52

According to the Ethereum Price Prediction model above, ETH’s price in 2025 would be $16937.71. This price would however would range from $20325.25 and $13550.17.

According to the Ethereum Price Prediction model above, ETH’s price in 2026 would be $35822.62. This price would however would range from $42987.14 and $28658.09.

According to the Ethereum Price Prediction model above, ETH’s price in 2027 would be $75763.48. This price would however would range from $90916.18 and $60610.78.

According to the Ethereum Price Prediction model above, ETH’s price in 2028 would be $160236.90. This price would however would range from $192284.28 and $128189.52.

According to the Ethereum Price Prediction model above, ETH’s price in 2029 would be $338894.99. This price would however would range from $406673.99 and $271116.00.

According to the Ethereum Price Prediction model above, ETH’s price in 2030 would be $716750.12. This price would however would range from $860100.15 and $573400.10.

According to the Ethereum Price Prediction model above, ETH’s price in 2031 would be $1515899.45. This price would however would range from $1819079.34 and $1212719.56.

According to the Ethereum Price Prediction model above, ETH’s price in 2032 would be $3206070.12. This price would however would range from $3847284.14 and $2564856.09.

According to the Ethereum Price Prediction model above, ETH’s price in 2033 would be $6780717.28. This price would however would range from $8136860.73 and $5424573.82.

According to the Ethereum Price Prediction model above, ETH’s price in 2035 would be $30330591.36. This price would however would range from $36396709.63 and $24264473.09.

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 $3746.61