Ethereum is one of the most promising cryptocurrencies in 2020, with so far being an excellent year for it. The cryptocurrency was first introduced back in 2015 when eight people came together to create Ethereum and its native coin, Ether or ETH, which can be used as a payment method on any decentralized application hosted by an ethereum network.
However, with the recent rise in popularity for DeFi, algorithms and science-backed cryptocurrencies like Bitcoin are ruling blockchain.
Ethereum is a blockchain that has been growing in popularity, especially among cryptocurrency enthusiasts. Because of its nodal position with other currencies like Bitcoin and Litecoin, it has made it an important part to know about.
Ethereum ETH Current Status
Ethereum is currently trading at $3,839 with a 24-hour volume of $452,230994677. The price traded between $3,619 and $3,387 for about eleven days since last, showing any tendency to move higher.
ETH is finally making a move after weeks of stagnation. It currently sits at $3,839 and will need to break through this psychological level before moving up again into an upward trend.
Furthermore, the current circulating supply of Ethereum (ETH) is 117.019 million, with Binance currently being one of its top trading platforms for investment into cryptocurrency markets.
Ethereum (ETH) Price Prediction 2021
Experts have predicted that the price of Ethereum could go up, down, or stay stable. Of course, no one can be sure what will happen with this cryptocurrency in the future since it’s so volatile, but experts are still making predictions anyway.
Ethereum’s price has to break past its resistance level at $4200. It sits in second place with a CoinMarketCap rank of 2nd out of all digital currencies listed by market capitalization. Still, it has some work left to reach the first position, where Bitcoin BTC would sit for most likely years ahead, given what we’ve seen recently.
ETH has reached an all-time high of $4,356. This is a massive victory for Ethereum and its community. In short, to the mid-term scenario, we predict 2021 that the ETH price will reach past resistance at $4200 per token.
The panel of cryptocurrency experts on Finder predicted that Ethereum would be worth $4,596 by the end of 2021.
Ethereum ETH Price Prediction 2022
With the recent rise in prices, Ethereum is on track to reach $5,500 by the end of 2022. According to Coinquora, if this trend continues through July and August, you can expect Ether at 6k before year-end.
According to CoinPriceForecast,
“In the first half of 2022, the Ethereum price will climb to $8,142; in the second half, the price would add $366 and close the year at $8,508, which is +125% to the current price”.
Ethereum ETH Price Prediction 2023
CoinPriceForecast Predicted that “Ethereum will start 2023 at $8,508, then soar to $10,422 within the first six months of the year and finish 2023 at $12,298”.
Ethereum ETH Price Prediction 2024
As per the latest upgrades, developments, and forecasts for ETH price prediction made on a platform that has many partnerships around 2024, it is predicted there will be a significant spike in market value.
Investors are expected to see many integrations with other platforms, which would increase demand for their tokens significantly due to these specific synergies between projects.
This ensures that their investments will be profitable with possible price spikes up to $9500 by 2024.
The price of Ether is skyrocketing, with CoinPriceForecast estimating that it will reach a high point near $5k by the end of 2021 and then steadily climb up to over 11.6K USD by the end of 2024.
Ethereum Price Prediction 2025
There is a chance that the price of Ether could reach $10,500 within four years. However, reaching this level will not be as challenging due to possible target prices at medium and long-term rates for orders made by buyers or sellers.
Final Thoughts
The future for Ethereum looks bright in 2021. With all of these developments happening within the crypto ecosystem and overall market growth, we may see ETH reach new heights.
