Ethereum Price Prediction: Will it Cross the $2k Mark in 2023?

This article features a long-term Ethereum price prediction from cryptocurrency experts

Ethereum is the second largest cryptocurrency in the world. It's also one of the best altcoins, and went on a massive bull run in 2021 and increased by almost $4,000 at its highest, reaching its current all-time high (ATH) of $4,840. The coin has made new lows since then, but the project's future has given investors hope of another price spike. But before we deep dive into our Ethereum price prediction, let's take an overview of Ethereum.

With the recent Ethereum Merge being hailed a success, 2023 could be an excellent year for ETH. This upgrade enables Ethereum to implement sharding, which, amongst other exciting improvements, will supercharge transaction speeds on the network. Expected in the second half of 2023, sharding will push ETH transactions from 15 per second to roughly 100,000 per second.

Ethereum price prediction 2023

Ethereum's value decreased in 2022 to US$ 1,781, but most experts predict that the price will rebound in the future. Here's a long term Ethereum price prediction from experts below:

• Wallet Investor, an algorithm-based crypto-asset prediction website, projected that ETH's price could grow to over US$10,000 in November 2023 and even reach US$16,391 by the end of 2025.
• The same was said by DigitalCoin, which predicts that the ETH price will average around US$7,569 in 2025 before rising to US$16,858 in 2028.
• According to net, Ethereum is forecasted to reach an average price of US$18,213 in 2025.

Ethereum Shanghai upgrade

One of the biggest developments coming up on the Ethereum chain is the widely anticipated Shanghai upgrade. This is an upgrade that is going to increase the number of stakers on the Ethereum platforms as well as the number of validators.

The Ethereum Shanghai upgrade will enable the validators that have staked their ETH to easily withdraw them whenever they want. At the moment, the staked Ethereum coins cannot be accessed in terms of withdrawals. This is the problem that the Shanghai upgrade is solving.

The Ethereum team is also working on the Surge upgrade, which is a protocol upgrade that will improve the chain scalability. This is another major Ethereum development that will see Ethereum price surge upon launching.

Conclusion

Undoubtedly, much of the crypto market is very bullish on Ethereum price prediction. The coin is an essential part of the industry and without it, many of the top applications and services that have risen to popularity in the last few years would not be here today.

Of course, not everyone feels the same and there are plenty of reasons some investors will not touch ETH. You don't necessarily have to agree with them, but you must hear them out. You should be fully aware of ETH's pitfalls as well as its benefits.

Despite these bullish fundamentals, Ethereum could still struggle in the short term. Recently, ETH tapped into the $1600 resistance zone after a surge in buying activity. With prices looking extremely overextended, ETH will likely fall to between $1275 and $1225 in the coming days and weeks. From there, ETH could tumble even further if adverse macroeconomic conditions worsen.