Ethereum Price Prediction: How Much Will Ethereum be Worth In Future?

Ethereum is the world’s 2nd largest blockchain system, hosting 6,000+ decentralized apps (DApps). Furthermore, it is the foundation for several NFT marketplaces, DeFi protocols, and crypto trading platforms.

Its native token, Ether (ETH), has many use cases and is scalable. For this reason, it’s attracting more investors to the network. Since cryptocurrencies are volatile and fluctuate as several factors hit the market, ETH has tasted its share of the market rallies and dips. 

Today, May 3, 2023, ETH is $1,868, a 61.75% price drop from its all-time high of $4,891 on November 16, 2021. However, the current price performance of the cryptocurrency projects a bright future for ETH.

Ethereum Price Trend

Ethereum entered 2023 with a bullish run, recording $1,196 on January 1 and $1,550 in 15 days (January 15). Amid several fluctuations, the asset touched $1646 on January 30 but ended the month at $1,567 on January 31.

It maintained the bullish trend from the beginning of February to February 8, when it traded at $1,671. By February 10, ETH declined $1,546. But the notable price moves inspired its market, causing more buyers to join the trend. By February 28, ETH recorded $1,634.

Ethereum faced more price rallies throughout March, even though it touched $1,438 on March 10. The strong bullish pressure got ETH to $1,815 on March 24 and $1,793 on March 31. 

As of April, Ethereum beat its past 3-month performance, recording $1,821 on April 1 and $2,101 on April 15. Although there were several price drops, ETH’s month-end price of $1,908 was higher than its past month-end prices.

Despite the price gains in the past months, Ethereum is in the low-value range of $1,868 as of May 1, 2023. However, the cryptocurrency is up today, May 3, by 2.01% at the time of writing, trading at $1,866, compared to yesterday’s lowest price of $1,824.33. 

Nevertheless, investors foresee more bullish runs in the nearest weeks.

Ethereum Price Analysis with Technical Indicators

ETH’s market is currently neutral today, with  18 indicators bullish and fewer showing bearish signals.

Ethereum is trading above its 50-Day and 200-Day Simple Moving Average (SMA), indicating a bullish market for the BUY trade. 

The Relative Strength Index (RSI) shows a 46.96 value, indicating a neutral position in the asset market. However, the upward movement of the RSI line shows the possibility of the asset entering the overbought region (above 70).

The Moving Average Convergence/Divergence (MACD) is below the signal line, confirming the current price drop of Ethereum.

ETH’s support levels are $1,113, $1,407, and $1,733. In contrast, its strongest resistance level is $2,086. Ethereum is trading near its strongest support level, so the price will likely fluctuate. Meanwhile, its resistance level projects more milestone achievements for Ethereum in the nearest days.

Experts’ Price Prediction for Ethereum

There are several predictions regarding ETH by the end of 2023 and the following years. However, here are some crypto expert price predictions for ETH for 2023 to 2030.

BitNation Price Prediction for Ethereum 2023 – 2030

BitNation expects a long-term bullish BUY market for Ethereum throughout 2023. Thus, ETH is expected to reach a minimum price of $2,246, an average of $2,808, and a maximum price of $3,369 by the end of 2023.

Furthermore, BitNation expects ETH to perform well from 2024 to 2030. Thus, the minimum prices expected in these years will be $4,118, $5,990, $7,862, $9,734, $11,607, $13,479, and $15,351, respectively. 

The maximum prices in these years will be around $$5,241, $7,114, $8,986, $10,858, $12,730, $14,602, and $16,474, respectively.

Also, the average prices for ETH in those years will be around $4,680, $6,552, $8,424, $10,296, $12,168, $14,040, and $15,912, respectively.

Changelly Price Prediction for Ethereum 2023 – 2030

Changelly predicts a minimum price of $2,385, a maximum of $2,876, and an average price of $2,480 for ETH by the end of 2023. 

In 2024, 2025, 2026, and 2027, ETH will have minimum prices of $3,401, $4,844, $6,860, and $10,047.

 The maximum prices in these periods will be around $4,204, $5,912, $8,356, and $12,003, and the average prices will be around $3,500, $4,988, $7,110, and $10,331. 

In the next 3 years (2028 to 2030), ETH is expected to have minimum prices of $14,452, $21,067, and $31,440 respectively.

 The average prices will also be around $14,866, $21,810, and $32,313. In these years, ETH’s maximum prices are expected to reach $17,646, $24,807, and $36,632.

Factors Affecting Ethereum’s Price

Investors’ sentiment, general market reaction to news events, ecosystem developments, and regulatory moves are factors that affect crypto prices. Here are some factors impacting Ethereum’s market.

Massive Whales’ Sell-off of Ethereum (ETH)

#Ethereum whales with 1,000 to 10,000 $ETH have offloaded over 110,000 #ETH in the past two weeks. pic.twitter.com/NBbhhk3coS

— Ali (@ali_charts) May 2, 2023

According to an On-chain analyst, Ali Charts, on Twitter, ETH whales have offloaded/sold off over 110,000 Ethereum in two weeks. 

Although the reason for the offloading is not strongly defined, the market believes that the Shapella upgrade granted more people access to liquidate their locked assets over the years. 

Although the Shapella upgrade added to the ETH price gains, the offloaded tokens figure proves it also negatively impacted Ethereum.

Reduced Number of Active Users

#Ethereum | Increased active users, transaction volume, and blockspace demand indicate healthy $ETH network adoption.

However, the monthly average of active #ETH addresses has been rejected by the yearly average, suggesting weak network fundamentals and reduced utilization. pic.twitter.com/c5Lsl7hhmf

— Ali (@ali_charts) May 1, 2023

In a Twitter post, Ali Charts, referring to Glassnode’s data, showed the increased number of active users on the Ethereum network. The analyst noted that this high number of total active users, blockspace demand, and transaction volume indicate a healthy adoption of the network, which contributed to the asset’s gain in the past week.

But the total active users on a monthly interval show weaker fundamentals and decreased network utilization. This state links to the current sluggish price gain of Ethereum as the users’ demand has reduced. 

Ethereum Alternatives

Ethereum’s performance is encouraging and has a promising price outlook. Even so, some new alternatives have a disruptive roadmap to consider.

AiDoge (AI)

AiDoge aims to revolutionize the meme and AI sector with its combination of Artificial Intelligence and memes. This Web3 platform allows users to create memes by inputting text to guide the AI technology in finding unique matching results. 

The $AI token powers all transactions and activities of users on the platform. Users can purchase credits and receive rewards in crypto. 

Interestingly, the presale has raised over $1 million in the short term. The tokens are in the second presale stage at $0.0000264 and will increase to $0.0000268 in the next stage. 

By the end of the presale, $AI tokens will list at $0.0000336.

DeeLance (DLANCE)

DeeLance is a crypto project aiming to streamline communication between freelancers and employers. The ecosystem serves as a job hiring platform for job seekers and employers, a freelancing platform for sellers and buyers, an NFT Marketplace, and Metaverse. 

Its native token, DLANCE, powers all activities and transactions in the DeeLance network. Users can purchase virtual lands and offices in the metaverse and even lease them with the tokens. Also, they can run advertising banners and purchase several services with the tokens.

Currently, DLANCE tokens are in the second presale stage for $0.029. By the next stage, the price will reach $0.033 and list at $0.055. So far, the presale has raised $587,755, confirming the project’s potential. 

Early investors will make the most of these presale prices as the tokens will spike after listing on several exchanges.