Ethereum (ETH) Price Prediction 2024-2030: Will ETH Price Hit $3,500 Soon?

• Bullish Ethereum (ETH) price prediction ranges from $3,000 to $3,600.
• Analysis suggests that the Ethereum price might reach above $3,550.
• The Ethereum bearish market price prediction for 2024 is $1,800.

What is Ethereum (ETH)? 

Ethereum is a decentralized open-source blockchain ecosystem that has its own cryptocurrency Ether.  ETH is a versatile platform that supports numerous other cryptocurrencies, it could be used for the execution of decentralized smart contracts. 

Ethereum (ETH) was launched in July 2015 by co-founders Vitalik Buterin, Gavin Wood, Charles Hoskinson, and others. Investors can carry out transactions within the blockchain by paying fees with the Ether (ETH) used to reward Ethereum miners for keeping the blockchain active.

The number of transactions per second (TPS) within the Ethereum blockchain is 30. Ethereum developers are committed to ensuring that Ethereum 2.0 is released soon. This will solve the scalability challenge in the Ethereum blockchain. Once Ethereum 2.0 is released, the transaction per second will be over 10,000. 

The launch of the Ethereum blockchain has enabled creators to earn online and empowers users to interact with over 1000 decentralized applications (DApps) developed on the Ethereum blockchain. Developers can also build on the blockchain, while users can send and receive ETH from anyone worldwide.

The decentralized nature of the Ethereum blockchain has enabled its users to create accounts without being censored to send, receive, borrow, lend, or stream funds from anywhere there is an internet connection. There are over 200 million unique Ethereum addresses presently.

Ethereum (ETH) Current Market Status

The maximum supply of Ethereum (ETH) is infinite, while its circulating supply is 120,176,768 ETH, according to CoinMarketCap . At the time of writing, Ethereum is trading at $2,513 representing a 24-hour increase of 3.76%. The trading volume of Ethereum in the past 24 hours is $12,360,520,011 which represents a 22.3% increase.

Some top cryptocurrency exchanges for trading Ethereum are Binance, Coinbase Pro, OKEx, Kraken, and Huobi Global.

Now that you know Ethereum and its current market status, we shall discuss the price analysis of  Ethereum (ETH) for 2024.

Ethereum (ETH) Price Analysis 2024

Will the Ethereum blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect ETH’s sentiment over time? Read more to find out about ETH’s 2024 price analysis.

Ethereum (ETH) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). Think of Bollinger bands like a curb at both sides of the road and the price of the crypto as a vehicle traveling in the road. 

When the vehicle hits the curb, the driver steers in the opposite toward the center of the road. Likewise, the prices also move towards the center as they hit the upper or lower band. 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

ETH/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradingview )

Moreover, the Empirical law also known as the three-sigma rule or the 68-95-99.7 rule states that almost all observed data for a normal distribution will fall within three standard deviations. 

As such, for the normal distribution data set, 68% of data will fall within 1 standard deviation from the mean. 95% of data for the normal distribution will fall within 2 standard deviations from the mean while 99.7% of data will fall within 3 standard deviations from the mean.

ETH/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradinview )

Since the end of October 2023, ETH has been gaining value and it is on an uptrend. Although there have been patches of red here and there, the overall trend has been positive for ETH. ETH is currently testing the upper band and there is a high chance that it could rebound off of it and fall. However, these could be small corrections that happen for Ethereum. 

The Bollinger band width percentile reads a value of 57% and the line seems to be going upwards. This shows that the bands could widen and there is a high chance, that there could be  more volatility in the future. With volatility written on the cards, the question is, will ETH make another higher low?

Ethereum (ETH) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price, within a selected time frame. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish. 

ETH/USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview )

To gauge the strength of a cryptocurrency, the RSI compares the gains of the securities against the losses it made in the past. This ratio of gains and losses is then deducted from the 100. 

If the answer is less than 30, then we say that the price of the security is in the oversold region. This means that many are selling the security in the market, and as such the security is undervalued.  Moreover, as per the Supply-demand curve theory, the price is supposed to drop when there is an increase in supply. 

Currently, the RSI shows a value of  60 and the RSI line seems to be heading in the direction of the overbought region. If traders keep buying ETH, then there is a high chance that it could stray into the overbought territory. 

ETH/USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview )

The above chart shows a divergence in the RSI and the price of ETH. When ETH is making higher highs, the RSI is making lower highs. This denotes a bullish divergence. This means that when compared to the past few days, the value gained by the coin is insignificant to make a higher high. Hence, this shows the building buying pressure. 

The Cyclic RSI which unlike the RSI has adaptive bands for the overbought and oversold regions reads a value of 65 and it is touching the upper band. The Cyclic RSI says ETH is overbought while the RSI says that its still within the normal or neutral zone.  It would be interesting to see where ETH would go. 

Ethereum (ETH) Price Analysis – Moving Average Convergence and Divergence (MACD)

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-day EMA, and the shorter is the 12-day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive, that means the crypto is performing well, but if it’s negative, then it is losing value. 

ETH/USDT 1-Day Chart Showing Accumulation/Distribution Line (Source: Tradingview )

To add more reference to the MACD, there is signal line which is the EMA of the MACD. This helps the traders to understand the the market better. When the MACD is above the Signal line, it is performing above the average and when it is below the Signal line, the coin is not doing well. Currently, the MACD line shows a value of 12 and the line seems to be heading upwards and since it is above the Signal, the trend is bullish. 

Usually when the MACD is deep in the negative region, buyer wait for the MACD to cross above the Signal to enter the market. Seller use the MACD cross the Signal below as the spot to position their take profits. 

Ethereum (ETH) Price Prediction 2024

ETH/USDT 1-Day Chart (Source: Tradingview )

Currently, ETH is on the rise and it is at the mid-stages of phase E. If ETH continues its motion upwards and completes the pattern, it will inevitably hit the $3500. However, the question is, out of the two trend lines drawn on the chart, which will be the trendline that would assist ETH reach its target? 

ETH is met with excess buying pressure as many trading sees that it has potential to gain value with the impending BTC halving. With the people’s sentiments and the BTC halving considered, there is every chance that ETH could jump up to Line A on its way to reach the above mentioned target. Although there might rejections and small corrections on its way, ETH seems fully set for a ride. 

In the unfortunate event that Line B fails to hold ETH, then, the coin could look for support at around $1800 in which case the completion of the Wyckoff pattern would be dismantled. Nonetheless, the likelihood of this happening is quite slim.  

There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the investors could be tempted to accumulate more of the coin. Due to the impact of Bitcoin’s bullish price swings the value of other cryptocurrencies could also increase it is reasonable to anticipate that ETH will be worth at least $3,500 by 2024.

Month	Minimum Price	Average Price	Maximum Price
February 2024	$2,525	$2,600	$2,650
March 2024	$2,690	$2,700	$2,720
April 2024	$2,680	$2,780	$2,850
May 2024	$2,800	$2,950	$3,150
June 2024	$2,900	$3,050	$3,150
July 2024	$3,050	$3,250	$3,300
August 2024	$3,100	$3,330	$3,400
September 2024	$3,200	$3,400	$3,550
October 2024	$3,125	$3,200	$3,335
November 2024	$2,955	$3,000	$3,100
December 2024	$3,250	$3,500	$3,600

Ethereum (ETH) Price Prediction – Resistance and Support Levels

ETH/USDT 1-Day Chart Showing Resistance and Support Levels (Source: Tradingview )

The above chart shows that ETH has been heavily relying on the 3:1 Gann line for support for quite sometime. Currently, ETH has taken off of the 3:1 Gann line and it may test the 2:1 Gann line. During the recent downtrend, the 2:1 Gann line has been a major support that helped ETH rebound off of it before reaching higher. 

With a strong support below and bullish market conditions, ETH has every possible chance of testing the 1:1 Gann line after breaking the 2:1 Gann line. But it will be a matter time before these come to pass.  

Ethereum (ETH) Price Prediction 2025

Usually, it is the aftermath of Bitcoin’s price halving in 2024, that brings about the greatest spike. Hence, we could expect ETH to trade at a premium price. As a result, ETH may be worth roughly $8,000 by the end of 2025.

Month	Minimum Price	Average Price	Maximum Price
January 2025	$3,250	$3,550	$3,600
February 2025	$3,400	$3,600	$3,750
March 2025	$3,550	$3,750	$3,825
April 2025	$3,780	$3,820	$3,830
May 2025	$3,790	$3,800	$3,850
June 2025	$3,840	$3,850	$3870
July 2025	$3,800	$3,900	$4,000
August 2025	$4,100	$4,500	$4,600
September 2025	$4,850	$5,500	$5,700
October 2025	$5,900	$6,000	$6,250
November 2025	$6,650	$6,850	$6,900
December 2025	$7,400	$8,000	$8,500

Ethereum (ETH) Price Prediction 2026

As more and more institutional investors flock to the ETH platform, the cryptocurrency price will likely fall after a prolonged bull run ends in 2026. It would be a significant reversal of the trend, suggesting that the price of ETH may reach $4,950 by 2026, even though the coin has generally depreciated during the same period. 

Month	Minimum Price	Average Price	Maximum Price
January 2026	$6,850	$7,000	$7,250
February 2026	$6,900	$7,100	$7,150
March 2026	$6,400	$6,500	$6,590
April 2026	$6,600	$6,660	$6,690
May 2026	$6,300	$6,450	$6,550
June 2026	$5,750	$5,900	$6,000
July 2026	$5,000	$5,500	$5,570
August 2026	$4,900	$5,000	$5,050
September 2026	$4,995	$5,250	$5,350
October 2026	$4,890	$5,010	$5,050
November 2026	$5,005	$5,075	$5,100
December 2026	$4,900	$4,950	$5,200

Ethereum (ETH) Price Prediction 2027

The build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As a result, if investors remain hopeful, the price of ETH may continue to rise and may even breach previously established hurdles. Ethereum (ETH)  may be worth $6,500.

Month	Minimum Price	Average Price	Maximum Price
January 2027	$4,500	$5,000	$5,010
February 2027	$5,020	$5,075	$5,100
March 2027	$5,050	$5,150	$5,200
April 2027	$5,120	$5,225	$5,320
May 2027	$5,280	$5,375	$5,400
June 2027	$5,335	$5,450	$5,500
July 2027	$5,290	$5,350	$5,380
August 2027	$5,010	$5,150	$5,250
September 2027	$5,500	$5,800	$6,000
October 2027	$5,700	$5,900	$5,950
November 2027	$5,800	$6,000	$6,250
December 2027	$6,400	$6,500	$6,650

Ethereum (ETH) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, ETH may reciprocate its past behavior during the BTC halving. Hence, ETH would be trading at $8,200 after experiencing a considerable surge by the end of 2028. 

Month	Minimum Price	Average Price	Maximum Price
January 2028	$6,450	$6,500	$6,600
February 2028	$6,575	$6,600	$6,710
March 2028	$6,660	$6,750	$6,800
April 2028	$6,350	$6,500	$6,698
May 2028	$6,780	$6,890	$6,950
June 2028	$6,670	$6,780	$6,950
July 2028	$6,970	$6,995	$7,100
August 2028	$6,950	$7,050	$7,075
September 2028	$7,100	$7,125	$7,300
October 2028	$7,000	$7,250	$7,350
November 2028	$7,440	$7,600	$7,780
December 2028	$8,000	$8,200	$8,450

Ethereum (ETH) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Ethereum (ETH) could be trading at $16,500 by 2029.

Month	Minimum Price	Average Price	Maximum Price
January 2029	$7,800	$8,000	$8,150
February 2029	$8,050	$8,100	$8,500
March 2029	$8,150	$8,250	$8,350
April 2029	$8,300	$8,450	$8,600
May 2029	$8,550	$8,700	$8,750
June 2029	$8,350	$8,550	$8,600
July 2029	$8,890	$9,000	$9,500
August 2029	$11,900	$12,000	$12,650
September 2029	$13,750	$14,000	$14,500
October 2029	$12,900	$13,500	$14,000
November 2029	$12,100	$12,500	$13,000
December 2029	$14,000	$16,500	$17,500

Ethereum (ETH) Price Prediction 2030

After witnessing a bullish run in the market, Ethereum and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Ethereum (ETH) could be trading at $12,000. 

Month	Minimum Price	Average Price	Maximum Price
January 2030	$14,550	$15,000	$15,560
February 2030	$14,000	$14,500	$14,600
March 2030	$13,900	$14,000	$14,250
April 2030	$14,100	$14,125	$14,150
May 2030	$13,500	$13,850	$13,900
June 2030	$13,480	$13,500	$13,670
July 2030	$13,275	$13,350	$13,500
August 2030	$13,100	$13,225	$13,300
September 2030	$12,900	$13,000	$13,150
October 2030	$12,350	$12,500	$12,750
November 2030	$12,125	$12,250	$12,500
December 2030	$11,900	$12,000	$12,500

Ethereum (ETH) Price Prediction 2040

According to our long-term Ethereum price estimate, Ethereum prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $25,000 by 2040. If the market becomes bullish, the price of Ethereum may increase beyond our 2040 forecast.

Minimum Price	Average Price	Maximum Price
$24,500	$27,000	$30,000

Ethereum (ETH) Price Prediction 2050

According to our Ethereum forecast, the average price of Ethereum in 2050 might be above $32,000. If more investors are drawn to Ethereum between these years, the price of Ethereum in 2050 could be far higher than our projection.

Minimum Price	Average Price	Maximum Price
$30,000	$32,000	$33,000

Conclusion

If investors continue showing their interest in Ethereum and add these Coins to their portfolio, it could continue to rise. Ethereum’s bullish price prediction shows that it could reach the $3,550 level

FAQs

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.