- Bullish ETH price prediction for 2023 is $1973.88 to $2297.27.
- Ethereum (ETH) price might reach $3000 soon.
- Bearish ETH price prediction for 2023 is $1417.52.
In this Ethereum (ETH) price prediction 2023, 2024-2030, we will analyze the price patterns of ETH by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
ETHEREUM (ETH) PRICE PREDICTION 2023 |
|
| ETHEREUM (ETH) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Ethereum (ETH) Current Market Status
| Current Price | $1,670.01 |
| 24 – Hour Trading Volume | $4,075,401,509 |
| Market Cap | $200,762,812,667 |
| Circulating Supply | 120,215,151 ETH |
[TD]24 – Hour Price Change[/TD]
[TD]0.33% Up[/TD]
[TD]All – Time High[/TD]
[TD]$4891.70 (On Nov 16, 2021) [/TD]
[TD]All – Time Low[/TD]
[TD]$0.4209 (On Oct 22, 2015) [/TD]
[/TR]
ETH Current Market Status (Source: CoinMarketCap)
What is Ethereum (ETH)
| TICKER | ETH |
| BLOCKCHAIN | Ethereum |
| CATEGORY | ERC-20 token |
| LAUNCHED ON | July 2015 |
| UTILITIES | Governance, Fast Transactions, gas fees & rewards |
Ethereum (ETH), known as Ether, is the native cryptocurrency of Ethereum. Ethereum is an open-source blockchain platform that revolutionized the blockchain and DeFi sector by the introduction of smart contracts. This second-generation blockchain was launched in 2015. Its native crypto coin, ether (ETH) was launched through an initial coin offering (ICO) in August 2014. The entire Ethereum network is fueled by Ether (ETH).
The blueprint of the Ethereum network was first released in its whitepaper in 2013 by Ethereum Co-founder Vitalik Buterin. Since its launch, the blockchain-based software platform functions as a potential launchpad for several other crypto tokens, DeFi protocols, and numerous decentralized applications (dApps). Thus, Ethereum is regarded as the “world computer.”
The smart contracts are coded programs that execute autonomously with pre-defined conditions on Ethereum. These smart contracts are deployed and executed via the Ethereum Vending Machine (EVM).
Ethereum will transition to the Proof-of-Stake (PoS) consensus through The Merge upgrade. Initially, the Ethereum network was built on the high energy-intensive proof-of-work (PoW) since its launch. From 2020, the Ethereum developers have begun preparing for the PoW to PoS transition. The Merge upgrade is set for September 15. After this transition, the Ether (ETH) which was an inflationary token will convert into a deflationary token.
Ethereum 24H Technicals
(Source: TradingView)
Ethereum (ETH) Price Prediction 2023
Ethereum (ETH) ranks 2nd on CoinMarketCap in terms of its market capitalization. The overview of the Ethereum price prediction for 2023 is explained below with a daily time frame.
ETH/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Ethereum (ETH) laid out a horizontal Channel pattern. The horizontal channel is also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Ethereum (ETH) was recorded at $1,670.01. If the pattern trend continues, then the price of ETH might reach the resistance levels of $1812, $2022.62, and $2525.74 If the trend reverses, then the price of ETH may fall to the support of $1628.37.
Ethereum (ETH) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Ethereum (ETH) in 2023.
ETH/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Ethereum (ETH) for 2023.
| Resistance Level 1 | $1973.88 |
| Resistance Level 2 | $2297.27 |
| Support Level 1 | $1630.23 |
| Support Level 2 | $1417.52 |
ETH Resistance & Support Levels
Ethereum (ETH) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (ETH) are shown in the chart below.
ETH/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Ethereum (ETH) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1859.38Price = $1671.31 (50MA> Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 25.02 <30 = Oversold 50-70 = Neutral>70 = Overbought | Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Ethereum (ETH) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Ethereum (ETH) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ETH/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Ethereum (ETH).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 42.86 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 43.31 <50 = Low >50 = High | Low volatility |
Comparison of ETH with BTC
Let us now compare the price movements of Ethereum (ETH) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of ETH is similar to that of BTC. That is, when the price of BTC increases or decreases, the price of ETH also increases or decreases respectively.
Ethereum (ETH) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ethereum (ETH) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Ethereum (ETH) Price Prediction 2024 | $3010 | $2800 |
| Ethereum (ETH) Price Prediction 2025 | $3025 | $2750 |
| Ethereum (ETH) Price Prediction 2026 | $3036 | $2700 |
| Ethereum (ETH) Price Prediction 2027 | $3045 | $2600 |
| Ethereum (ETH) Price Prediction 2028 | $3050 | $2500 |
| Ethereum (ETH) Price Prediction 2029 | $3100 | $2400 |
| Ethereum (ETH) Price Prediction 2030 | $3200 | $2000 |
Conclusion
If Ethereum (ETH) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ethereum (ETH) price prediction for 2023 is $2297.27 Comparatively, if unfavorable sentiment is triggered, the bearish Ethereum (ETH) price prediction for 2023 is $1417.52.
If the market momentum and investors’ sentiment positively elevates, then Ethereum (ETH) might hit $3000. Furthermore, with future upgrades and advancements in the Ethereum ecosystem, ETH might surpass its current all-time high (ATH) of $4891.70. and mark its new ATH.
FAQ
1. What is Ethereum (ETH)?
Ethereum or Ether (ETH) is the native cryptocurrency of Ethereum. Ethereum is a second-generation blockchain platform that launched in 2015. Ether (ETH) was launched in 2014.
2. Where can you buy Ethereum (ETH)?
Traders can trade Ethereum (ETH) on the following cryptocurrency exchanges such as Binance, OKX, WEEX, Deepcoin, and Bybit.
3. Will Ethereum (ETH) record a new ATH soon?
With the ongoing developments and upgrades within the Ethereum platform, Ethereum (ETH) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Ethereum (ETH)?
Ethereum (ETH) hit its current all-time high (ATH) of $4,891.70 on November 16, 2021.
5. What is the lowest price of Ethereum (ETH)?
According to CoinMarketCap, ETH hit its all-time low (ATL) of $0.4209 on October 22, 2015.
6. Will Ethereum (ETH) hit $3000?
If Ethereum (ETH) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3000 soon.
7. What will be the Ethereum (ETH) price by 2024?
Ethereum (ETH) price might reach $3010 by 2024.
8. What will be the Ethereum (ETH) price by 2025?
Ethereum (ETH) price might reach $3025 by 2025.
9. What will be the Ethereum (ETH) price by 2026?
Ethereum (ETH) price might reach $3036 by 2026.
10. What will be the Ethereum (ETH) price by 2027?
Ethereum (ETH) price might reach $3045 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
