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Story Highlights
The live price of the Ethereum token is $0.00000000. ETH price may end trading for July 2024 with a potential high of $3,730. By the end of 2030, the predicted Ethereum price may rise to a high of $26,575.21.
The cross-border market started the month of July on a bullish note after ending the month of June on a negative note. Furthermore, the largest altcoin by market capitalization, the Ethereum token, successfully recorded a bullish reversal. As the sudden drop in supply projects a potential retest of the $3,400 mark, the short-term sentiments are bullish and dominant.
Furthermore, the long-term uptrend and a potential bounce in the market could soon start a new bull run in the Ethereum price trend. So what’s the deal? Will Ethereum rise above $5,000? Embark on this analytical journey as we dive deep into these questions and Ethereum price predictions from 2024 to 2030.
Overview
ETH Price Prediction July 2024
With the Bitcoin price moving close to its $63,000 mark, the ETH price has faced an increase in the bullish price action. Furthermore, with the recent market pump, the Ethereum price added about 6% intraday with a High/Low of $3,373.67 and $3,178.53. Furthermore, the altcoin leader is currently trading with a price tag of $3,350.00.
Notably, the Ethereum coin price successfully retested its support trend line of the descending channel pattern and showed a sharp rise to its upper level, indicating increased price action. Additionally, the MACD displays a constant rise in the red histogram with its averages recording a bullish convergence in the 1D time frame.
If the broader market continues to gain momentum, the ETH coin price will prepare to test its upper resistance level of $3,700 during the coming weeks. Conversely, if the bears continue to dominate the crypto market, the altcoin leader will drop to its crucial $3,000 support level if the psychological support barrier fails to absorb the rising supply.
ETH Price Prediction 2024
As the volatile 2023 closes, the Ethereum market price recovers remarkably, forming an ascending triangle pattern in the weekly chart. Due to the psychological barrier of $1000 in November 2022, the uptrend continues to gain momentum in the Ethereum weekly chart.
Blazing past the overhead resistance, the ETH price pushes past the $4000 barrier. Moreover, the breakout rally indicates a longer uptrend and avoids a death cross on the weekly chart. If the buyers cross the Ethereum market value above $5000, the continuation of the bull run could increase exponentially in 2024. With potential Spot ETF approvals and the Bitcoin Halving effect on altcoins, the price of ETH could reach $10,000.
Factors Affecting Ethereum Price in 2024
Bullish factors
The Dencun upgrade will make Ethereum faster and cheaper to use, and more people will try to build apps on it.Bitcoin halving – When BTC rewards are cut, some money may flow to Ethereum instead. This can increase interest. Increasing adoption – More companies are experimenting with Ethereum every year. As usage grows, it will attract more builders. Ether ETF application – The bullish expectations surrounding the Ethereum ETF application are becoming one of the main bullish catalysts.
Bearish factors
Regulatory concerns – Governments can impose strict rules that add risk and uncertainty. Market Volatility – Crypto prices like Ethereum fluctuate depending on market conditions. Competition – Networks like Solana and Cardano are trying to improve on Ethereum. If they work better, some users may switch over time.
ETH Price Prediction 2025
Similarly, Ethereum, the second largest cryptocurrency, is expected to maintain its upward trajectory and form higher highs in 2025. Additionally, with increased adoption and demand for ETH, the ETH coin price could hit a new all-time high of $14,925.
However, on the other hand, the ETH coin price may drop to $8,917, with an average ETH price of $10,421.
Ethereum Price Prediction 2026 – 2030
ETH price prediction for 2026
By 2026, the Ethereum coin price is expected to reach a peak of $16,610. Conversely, the ETH price could drop to $5,566 with an average of $8,713.
ETH price prediction for 2027
Similarly, the Ethereum 2027 forecast expects the ETH coin price to make a new high of $28,705. However, a correction based on market shortfalls could push the ETH crypto up to $6,800, with an average of $15,246.
ETH price prediction for 2028
In 2028, the chances of Ethereum dominating the crypto market are increasing as the ETH coin price may reach a new high at $36,410. Conversely, the altcoin could drop to $12,613, making an average of $24,482.
ETH price prediction for 2029
The Ethereum price is expected to surpass the psychological barrier of $40,000, approaching its peak of $41,994.32 in 2029. Conversely, in the event of a correction, ETH could reach a low of $26,192.00, with an average price of $35,010.77.
ETH Price Prediction for 2030:
Finally, the ETH crypto price is projected to reach a new high of $56,575.21 in 2030. Conversely, with a potential low of $30,647.23 and an average price of $43,563.01.
CoinPedia’s Ethereum Price Prediction
Factors like the successful change to PoS and the upcoming Danksharding upgrade will tilt stars in favor of the protocol. If the Ethereum network manages to scale remarkably with the upcoming upgrades and succeeds in the adoption race, then the ETH crypto price will skyrocket.
Possibly, the Ethereum (ETH) coin price will reach a new swing high of $10,000 before the end of 2024. Conversely, increasing FUD among investors and lack of updates could curb the value of 1 ETH at $2,160.
Market analysis
*We made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
Upcoming tokens in Dencun Upgrade
EIP-4788: EIP-4788 improves the EVM’s capabilities, securely bridging Ethereum’s execution layer with beacon chain data for advanced LSD operations.EIP-7514: Increasing Epoch Loss Limits via EIP-7514 aims to balance scalability with network accessibility numbers. EIP-7044: Simplify exiting With EIP-7044, this upgrade introduces permanent signatures for voluntary exits, improving stakeholder security. EIP-7045: EIP-7045 introduces extended attestation slots, which strengthens LMD-GHOST’s security and paves the way for faster Ethereum block confirmations.EVM upgrade: EVM’s evolution continues with opcodes like EIP-1153 and EIP-5656, which aims to streamline smart contracts while reducing gas costs.EIP-7516: Introducing EIP-7516’s BLOBBASEFEE opcode, it facilitates real-time composition of cost delivery and derivatives based on L1 fees.
Historical Ethereum Price Sentiments 2016 – 2024
Frequently Asked Questions
Ethereum 2.0 is an updated version of the existing Ethereum blockchain, which aims to increase the efficiency, scalability and speed of the Ethereum network.
This upgrade allows Beacon Chain staked ether (stETH) withdrawals.
Gas is the small type of work that is processed on the Ethereum network. Gas measures the amount of work that must be done by miners to include transactions in the Block.
The price of ETH can rise to a maximum of $3825 by the end of 2024.
Ethereum Shanghai upgrade scheduled for first half of 2023.
According to our Ethereum price forecast. The largest altcoin’s price could rise to a maximum of $4616.77 by the end of 2025. ETH is expected to pass the $26,000 mark by 2030.
With its dominance in DeFis, NFTs and widespread prominence, Ethereum will continue to hold the crown of the largest altcoin. With the merger with ETH 2.0, Ethereum’s hold will further strengthen.
Yes, the Ethereum network will eventually welcome more projects to be built on its chain, after its merger. It will also receive many improvements that will fundamentally strengthen the chain.
During the time of publication, the price of 1 ETH was $3,350.00.
Considering that you invested in Ethereum in January 2020, the value of your ETH crypto investment increased by 1300%. In short, the $100 would now be worth $1400.
ETBINANCE
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While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
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