Ethereum Price Prediction: Is ETH a Good Long-Term Investment?

October 22, 2024

Price Prediction

Sean Korbett

Ethereum (ETH) is a decentralized, open-source, and distributed computing platform that remains the second-leading blockchain in the world. It is a revolutionary project that enables developers to create decentralized applications and smart contracts. Will Ethereum become even more valuable in the future? Discover the Ethereum price prediction in StealthEX’s latest article.

Ethereum (ETH) Overview

Ethereum is a decentralized blockchain network powered by the ETH token. Although being a currency is not Ethereum’s main goal, Ether is essential to the network’s functionality. In addition to facilitating money transfers and rewarding network users, it is used for transaction fees and computation operations on the Ethereum blockchain. In addition to its inherent worth, Ether is essential to the security and functionality of the Ethereum network. It also acts as a unit of account for many activities that are performed across the ecosystem.

Ethereum has greatly influenced blockchain technology. It fundamentally altered how blockchain networks are built and function. The introduction of smart contracts creates opportunities for automation, transparency, and self-executing contracts, with implications that extend beyond the financial sector. Ethereum’s dApp extensibility enables programmers to create innovative solutions that surpass traditional constraints.

Ethereum was conceptualized by Vitalik Buterin, a Canadian programmer, in late 2013. The Ethereum whitepaper, published in 2013, outlined a vision for a blockchain platform with the ability to run complex applications and execute smart contracts. Ethereum’s development was a collaborative effort involving a global community of developers, resulting in its launch on July 30, 2015.

Ethereum Features

Ethereum offers a number of features within the crypto space. These are:

1. A large existing network. The advantages of Ethereum include a tried-and-true network that has been put to the test during years of operation and through the exchange of trillions of dollars in value. It has the biggest blockchain and cryptocurrency ecosystem, as well as a sizable and devoted global community.
2. Smart contracts. The Ethereum Virtual Machine (EVM), a runtime environment that runs bytecode, powers Ethereum’s smart contracts. High-level programming languages such as Solidity are used to write contracts, which are subsequently turned into EVM bytecode. Furthermore, every node in the Ethereum network is capable of running smart contracts. A centralized authority is not necessary because of this decentralized execution, which guarantees that the logic of the contract is executed uniformly to all parties.
3. Constant development. Ethereum is a dynamic system that is always being improved for scalability, security, and functionality. Its dedication to innovation is demonstrated by the shift from Ethereum 1.0 to Ethereum 2.0.
4. A large variety of functions. Ethereum can perform different types of financial transactions, carry out smart contracts, and store data for third-party applications in addition to being used as a digital currency.
5. Decentralized applications. Ethereum’s dApps rely on a peer-to-peer network of nodes to function. To promote a distributed and transparent system, every node in the network keeps a copy of the blockchain and runs the dApp’s logic locally. Additionally, the Ethereum blockchain, which offers openness and immutability, stores the data related to dApps.
6. Eliminating middlemen. With Ethereum’s decentralized network, users will be able to do away with third-party intermediaries like banks that function as middlemen in financial transactions.

Ethereum (ETH) Price History Highlights 

• 2015-2016: Since its introduction in 2015, Ethereum’s price has been trading below $1 for most of 2015, but by March 2016, when it briefly touched $10.03 on March 4, 2016, it had crossed the $10 threshold.
• 2017-2018: Ether, which was already well-known, surpassed the $100 mark in May 2017. By the end of 2017, ether was worth $774.69, and by the first week of 2018, it was worth more than $1,000. Following the unprecedented spike, the price of Ether also fell due to the 2018 cryptocurrency crash, sometimes referred to as the Bitcoin crash, and by the end of the year, it was worth less than $100 per unit.
• 2019-2021: From 2019 to 2021, Ether once again continued to rally and reached its highest price of $4,891.7 on November 16, 2021.
• 2022: Ether had lost value over the first half of 2022. Crypto prices have fallen sharply this year, partly due to the impending economic crisis in early 2022 brought on by inflation and rising interest rates. Ethereum’s price varied from $896 to $1,965 during the year.
• 2023: Ethereum price in 2023 witnessed fluctuations, starting around $1,200, reaching $2,100, and later facing declines. A substantial rally occurred in October 2023.
• 2024: In March 2024, during the short bull run, Ether jumped in price to $3,891. At the moment, it hovers between $2,600 and $2,700.

Ethereum (ETH) Price Chart    

CoinMarketCap, October 22, 2024

Ethereum Price Prediction

ETH Price Prediction 2024

DigitalCoinPrice experts believe that in 2024 Ether’s price can go as low as $2,360.97 (-9%), while at its highest point, it can go to $5,717.23 (+119%).

PricePrediction experts have lowered their expectations of Ethereum this year. They think that in 2024 Ethereum can drop to a minimum of $2,561 (-1%), while it can also go as high as $2,832 (+8%) at its peak.

According to Telegaon, in 2024 Ethereum can go down to the lowest price of $3,658.76 (+40%). It can also go as high as $4,854.04 (+86%).

Ethereum Price Prediction 2025

According to DigitalCoinPrice, in 2025 Ethereum will hit $5,655.42 (+116%) per coin at its lowest price level. It can also go as high as $6,814.04 (+161%) per coin.

According to PricePrediction, the expected minimum price of Ether in 2025 will hit $3,831 (+46%), and it can also rise to a maximum of $4,471 (+71%).

Analysts at Telegaon expect that in 2025, Ethereum will rise: it can reach a maximum price of $6,589.17 (+152%), while at its lowest point, it can drop to a minimum of $4,896.98 (+87%).

Ethereum Price Prediction 2030

DigitalCoinPrice experts believe that in 2030 ETH might reach $19,463.35 (+646%) at its highest point, while even at its minimum it can drop to $17,740.96 (+580%).

According to PricePrediction forecast, in 2030 Ether can drop to $23,894 (+816%), while at its peak it can hit $29,008 (+1,012%).

Telegaon price predictions estimate that by 2030, Ethereum is going to drop to $12,296.76 (+371%) at its minimum. At its peak, it can reach a maximum of $15,131.42 (+480%).

Ethereum Price Prediction 2040

According to PricePrediction, in 2040, Ethereum will surpass Bitcoin – $100,094 (+3,737%) at its lowest point. At its peak, it can go as high as $116,898 (+4,381%), its absolute all-time high.

Telegaon analysts expect that by 2040, Ethereum’s price is going to rise: $41,513.45 (+1,491%) at its minimum vs $48,241.81 (+1,749%) at its peak.

Ethereum Price Prediction: What Do Experts Say?

The flexibility of Ethereum’s smart contracts allows for a multitude of projects to build on the Ethereum blockchain and participate in Web 3.0.

Moreover, Ethereum Exchange-Traded Funds (ETFs) continue to offer exposure to ETH to future investors. Monochrome Asset Management has announced the launch of the Monochrome Ethereum ETF (IETH), marking Australia’s first ETF that provides direct access to Ethereum. As the market grows, Ethereum can go higher in price.

According to Matt Hougan, chief investment officer of Bitwise, a company that issues cryptocurrency funds, the era of crypto ETFs is only beginning:

“One thing that I’m really confident about is that 2025 flows in ether ETFs will exceed 2024 flows. And I bet 2026 flows will exceed 2025 flows. I just think Ethereum takes somewhat more education than Bitcoin, but that education is happening.”

ETH USDT Price Technical Analysis     

Tradingview, October 22, 2024

Now that we’ve seen possible price predictions for Ethereum, let’s find out a bit more about the factors that can influence its price in the future.

What Does the ETH Price Depend On?

Numerous factors, both specific to Ethereum and more generic ones spanning from the cryptocurrency industry to the state of the world financial markets generally, influence its supply and demand.

Price patterns that have already occurred can be used to predict future price ranges, which helps traders determine when a price spike or decline is likely to occur. News outlets and social media platforms also have a big impact on market sentiment. This implies that any good news about Ethereum, such as collaborations, advancements in technology, or regulatory acceptance of the virtual currency, is likely to boost investor confidence and raise prices. On the other hand, bad news can occasionally lead to panic selling, which lowers prices.

Furthermore, one of the main factors propelling Ethereum’s rise has been the decentralized finance industry. Ether’s demand has increased due to the growth of DeFi projects and platforms on the Ethereum network, which has raised its price.

When assessing Ethereum as an investment, keep the following considerations in mind:

• Regulatory environment;
• Technological development;
• Market sentiment;
• Competition;
• ETF popularity;
• Growth of the ecosystem;
• Supply and demand;
• Institutional adoption;
• Growth of DeFi;
• Hype/positive news.

Risks and Opportunities

The Ethereum Virtual Machine is the most popular and widely adopted standard in the smart contract space, accounting for ~95% of all L1 TVL. Compared to other digital assets, Ethereum has the most developers, developer activity, dApps, node count, settlement value, stablecoins, and aggregate fees.

However, current scaling issues and rollup fragmentation limit the ability of dApps and other projects to grow and create satisfying user experiences, while heavy competition from rival blockchains, such as Cosmos, Solana, and Aptos, could chip away at Ethereum’s adoption and popularity.

All in all, numerous complex market factors, including investor sentiment, technological advancements, and macroeconomic considerations, have an impact on the price of Ethereum. Despite the inherent volatility of the cryptocurrencies, Ethereum has managed to maintain a strong position thanks to its primary value proposition and continuous network enhancements. The ongoing acceptance of ETFs has also been a focal point for both optimism and scrutiny of the crypto market. As such, Ethereum represents both opportunities for a successful investment and risks.

Is Ethereum a Good Investment?

Ethereum (ETH) is frequently regarded as a solid investment choice in the cryptocurrency market due to its many advantages, including its smart contract functionality. Ethereum supports smart contracts and dApps, in contrast to Bitcoin, which is mainly viewed as a store of money. Because of this feature, Ethereum is now the foundation of several blockchain-based platforms, NFTs and DeFi. Ethereum also has an advantage over more recent blockchains due to the largest ecosystem of users, initiatives, and developers. Ethereum’s long-term value is further supported by the fact that its blockchain technology is being used in a wide range of businesses. It can be seen as a good option for investors with high-risk tolerance.

Is Investing in Ethereum Safe?

Ethereum remains one of the most reliable investments in the cryptocurrency market, however, investors should always ensure their own security practices are solid. 

Will Ethereum Hit $10K in 2024?

Some analysts are predicting a significant increase in Ethereum’s price by the end of 2024, however, as the market is highly volatile, it remains to be seen whether Ethereum will hit $10,000 by the end of 2024 or not.

Will Ethereum Reach $20,000?

Even considering Ethereum’s current value, $20,000 is still a far-reaching target. However, the tremendous community support and preference for this specific asset can propel it to this level.

Can Ethereum Reach $100K?

According to PricePrediction estimates, in 2040 Ethereum can hit a maximum of $116,898.

What Will ETH Be Worth in 5 Years?

According to DigitalCoinPrice experts, in 5 years ETH will hit a maximum of $14,319.

How High Can ETH Go in 2024?

DigitalCoinPrice believes that in 2024 ETH can go to its highest price of $5,717.

How Much Will Ethereum Be Worth in 2025?

DigitalCoinPrice experts think that in 2025 Ethereum will be worth a maximum of $6,814.

How Much Will 1 Ethereum Be Worth in 2030?

PricePrediction analysts think that in 2030 1 Ethereum will hit $29,008 at its peak.

Where Will Ethereum Be in 10 Years?

It’s difficult to predict where a particular cryptocurrency will be in 10 years, however, some analysts think that in 10 years Ethereum will definitely go over $50,000.

What Will ETH Be Worth in 20 Years?

According to some experts, in 20 years Ethereum’s price will range between $100,000 and $140,000.

What Will Ethereum Be Worth in 2050?

According to PricePrediction experts, in 2050 Ethereum will hit a maximum of $146,122.

Will Ethereum Ever Outperform Bitcoin?

Ethereum has a good possibility of outperforming Bitcoin because of its distinct features and application cases. However, only time will tell if this happens.

Can Ethereum Crash to Zero?

Ethereum losing its full value is exceedingly unlikely, and the same goes for other popular coins like Bitcoin. All in all, a sharp decline in the market is possible, but it would take something drastic for the crypto market to fully crash.

How Much Ethereum Do I Need to Become a Millionaire?

According to Cathie Wood, holding 6 Ethereum could make you a millionaire. However, if we take into account the worst-case scenario, you’d need 40 Ethereum to become a millionaire.

Is ETH Worth Buying?

According to many experts, ETH can be a viable investment. However, it depends on your personal risk tolerance and funds.

Conclusion

Ethereum smart contracts have undeniably changed the cryptocurrency scene by giving a framework for developing complex, decentralized applications that go beyond simple cash transfers. As the technology advances, it pushes the limits of what is feasible within the blockchain ecosystem and stands at the forefront of the crypto industry.

Where to Buy Ethereum (ETH)?

StealthEX is here to help you buy Ether if you’re looking for a way to invest in this cryptocurrency. You can buy Ethereum privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy ETH Crypto: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, BTC to ETH. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.