ETH price prediction based on Ethereum's history of success and its potential for future growth

Ethereum is the second-largest cryptocurrency in the market. It was created in 2015 and had an impressive bull run in 2021. While prices have dropped since then, many investors are optimistic that Ethereum could see another significant rise similar to that year or even bigger. In this article, we give you an ETH price prediction based on Ethereum's history of success and its potential for future growth. We'll also guide you on investing in Ethereum without increasing trading fees.

Ethereum Current Price Performance

ETH's price currently stands at US$1,630.73, marking a 24-hour loss of 0.01 percent at the time of writing. Its market value is US$199,915,285,186, and its trading volume is US$4,329,294,712. There are 120,211,068 ETH in circulation.

The ETH crypto has performed poorly in the last month, decreasing by 10.91% and surging by 1.19% in the last six months. Ethereum (ETH) has a fully diluted valuation of US$200,024,972,353. This is a hypothetical market cap, assuming all 120 Million ETH tokens are circulating today. This is per the crypto data, information, and analysis website Coingecko.

ETH Price History

This cryptocurrency has seen incredible growth over the last few years, and it's no surprise that investors are betting big on Ethereum. After an extended period of stagnation in 2018 and 2019, ETH gained momentum after Bitcoin halved in 2020. The interesting part is that, even after the halving, most of the altcoins market remained dormant. Ethereum was one of the few that caught up with the momentum early.  By the end of 2021, Ethereum was 200% up from its 2017 highs.

In terms of price, Ethereum has been on a rollercoaster ride since it launched, like all other cryptocurrencies. When it launched in 2015, Ethereum spiked, then traded in a range for the remainder of the year. However, Ethereum entered a bull market in January 2016 and rose to US$15.20 in March 2016.

ETH price momentum then entered a consolidation phase in November 2020. A new wave of buying momentum in November 2020 saw Ethereum enter a new aggressive bull rally, making all-time highs of US$4800 in November 2021.

Since making an all-time high of US$4800 in November 2021, Ethereum, like all other cryptocurrencies, entered a bear run that lasted for most of 2022 and continues in 2023. Ethereum has broken the US$1000 mark, and the odds are that it could test even lower prices.

ETH Price Prediction 2025-2023: Like the rest of the market, Ethereum has had a pretty bearish year. Ethereum started the year bearish and has been on a consistent downtrend up to this point. When writing this article, Ethereum was trading at US$1,630.62. Despite the downtrend, there is a lot to look forward to for Ethereum in 2024 and many years to come.

ETH Price Prediction 2023-2024: Ethereum continues to trend lower and has now broken vital support at US$1700. After a six-month selloff, Ethereum and the broader cryptocurrency market could be close to the bottom. If there is a rebound as investors buy the dip, the chances are that Ethereum could end the year at US$2000, but if the bearish sentiments continue, ETH can fall below US$1,500.

ETH Price Prediction 2025-2026: Unless there is an improvement in the global economy and inflation subsides, Ethereum could face significant resistance at US$2500. However, if ETH can push through this resistance, then the odds are that it could easily trade at US$3000 or more in 2025-2026.

ETH Price Prediction 2027-2028: This could see Ethereum easily push through its all-time highs of US$4800 and probably trade at US$6000 or more by 2028. But if the odds do not favor the second largest crypto, the price could drop back to US$1800.

ETH price prediction 2029-2023: By 2029, Ethereum is expected to be widely accepted by multiple businesses globally as a mode of contracts and NFT platforms. This could see Ethereum test US$5,000 by the end of 2030, or the bearish sentiments can send it back to US$2000.