Ethereum

Merge

Resistance

Status

Time

<ul> 
 <li><strong>Bullish ETH price prediction for 2024 is $3569.57 to </strong><strong>$4454.21.</strong></li> 
 <li><strong>Ethereum (ETH) price might reach $6000 soon.</strong></li> 
 <li><strong>Bearish ETH price prediction for 2024 is </strong><strong>$2161.73.</strong></li> 
</ul> 
<p>In this Ethereum (ETH) <a href="https://thenewscrypto.com/markets/price-prediction/" target="_blank" rel="noreferrer noopener">price prediction</a> 2024, 2025-2030,&nbsp; we will analyze the price patterns of ETH by using accurate trader-friendly technical analysis indicators and predict the future movement of the <a href="https://thenewscrypto.com/tag/cryptocurrency/" target="_blank" rel="noreferrer noopener">cryptocurrency</a>.</p> 
<figure class="wp-block-table aligncenter">
 <table>
  <tbody>
   <tr>
    <td><strong>
      <div align="center">
       TABLE OF CONTENTS
      </div></strong></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      INTRODUCTION
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Ethereum (ETH) Current Market Status</li>
      <li>What is Ethereum (ETH)?</li>
      <li>Ethereum (ETH) 24H Technicals</li>
     </ul></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      ETHEREUM (ETH) PRICE PREDICTION 2024
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Ethereum (ETH) Suppo-rt and Resistance Levels</li>
      <li>Ethereum (ETH) Price Prediction 2024 — RVOL, MA, and RSI</li>
      <li>Ethereum (ETH) Price Prediction 2024 — ADX, RVI</li>
      <li>Comparison of ETH with BTC, ETH</li>
     </ul></td>
   </tr>
   <tr>
    <td>ETHEREUM (ETH) PRICE PREDICTION 2025, 2026-2030</td>
   </tr>
   <tr>
    <td>CONCLUSION</td>
   </tr>
   <tr>
    <td>FAQ</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="h-ethereum-eth-current-market-status">Ethereum (ETH) Current Market Status</h2> 
<figure class="wp-block-table is-style-regular"> 
 <table> 
  <tbody style="box-shadow: 0px 2px 4px rgb(3 4 28 / 50%);"> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Current Price</td> 
    <td style="border: 1px solid #01557b;">$3,451.26</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td> 
    <td style="border: 1px solid #01557b;">0.59% Down</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">24 – Hour Trading Volume</td> 
    <td style="border: 1px solid #01557b;">$18,758,011,363</td> 
   </tr> 
   <tr> 
    <td style="border: 1px solid #01557b;">Market Cap</td> 
    <td style="border: 1px solid #01557b;">$415,049,085,872</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Circulating Supply</td> 
    <td style="border: 1px solid #01557b;">120,228,315 ETH</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">All – Time High</td> 
    <td style="border: 1px solid #01557b;">$4891.70 (On Nov 16, 2021) &nbsp;</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">All – Time Low</td> 
    <td style="border: 1px solid #01557b;">$0.4209(On Oct 22, 2015) &nbsp;</td> 
   </tr> 
  </tbody> 
 </table> <em>
  <figcaption class="wp-element-caption" style="text-align: center;">
   ETH Current Market Status (Source: <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
  </figcaption></em> 
</figure> 
<h2 class="wp-block-heading" id="what-is-ethereum-eth">What is Ethereum (ETH)</h2> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>TICKER</strong></td>
    <td>ETH</td>
   </tr>
   <tr>
    <td><strong>BLOCKCHAIN</strong></td>
    <td>Ethereum</td>
   </tr>
   <tr>
    <td><strong>CATEGORY</strong></td>
    <td>ERC-20 token</td>
   </tr>
   <tr>
    <td><strong>LAUNCHED ON</strong></td>
    <td>July 2015</td>
   </tr>
   <tr>
    <td><strong>UTILITIES</strong></td>
    <td>Governance, Fast Transactions, gas fees &amp; rewards</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p><a href="https://thenewscrypto.com/ethereum-shanghai-upgrade-failed-to-spike-eth-price/" target="_blank" rel="noreferrer noopener">Ethereum</a> (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 (<a href="https://thenewscrypto.com/ethereum-price-eyes-1880-level-as-investors-optimistic-over-upgrade/" target="_blank" rel="noreferrer noopener">ETH</a>).</p> 
<p>The blueprint of the <a href="https://thenewscrypto.com/shanghais-tech-developments-could-ignite-eth-bull-run/" target="_blank" rel="noreferrer noopener">Ethereum network</a> 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.”&nbsp;</p> 
<p>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).&nbsp;</p> 
<p>Ethereum will transition to the <a href="https://thenewscrypto.com/everything-you-need-to-know-about-the-transition-of-ethereum-to-proof-of-stake/" target="_blank" rel="noreferrer noopener">Proof-of-Stake</a> (PoS) consensus through <a href="https://thenewscrypto.com/tag/the-merge-2/" target="_blank" rel="noreferrer noopener">The Merge</a> 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.&nbsp;</p> 
<h2 class="wp-block-heading" id="ethereum-24h-technicals">Ethereum 24H Technicals</h2> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="387" src="https://thenewscrypto.com/wp-content/uploads/2024/07/image-118-1024x387.png" alt="" class="wp-image-104073" srcset="https://thenewscrypto.com/wp-content/uploads/2024/07/image-118-1024x387.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/07/image-118-300x113.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/07/image-118-768x290.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/07/image-118-1536x580.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/07/image-118.png 1795w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p class="has-text-align-center"><em>(Source: </em><a href="https://www.tradingview.com/symbols/ETHUSDT/?exchange=BINANCE"><em>TradingView</em></a><em>)</em></p> 
<h2 class="wp-block-heading" id="ethereum-eth-price-prediction-2024">Ethereum (ETH) Price Prediction 2024</h2> 
<p>Ethereum (ETH) ranks 2nd on CoinMarketCap in terms of its market capitalization. The overview of the Ethereum price prediction for 2024 is explained below with a daily time frame.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/hc5qudkt/ " alt="">
 </figure>
</div> 
<p><em>ETH/USDT Horizontal Channel Pattern (Source: </em><a href="https://www.tradingview.com/symbols/ETHUSDT/?exchange=BINANCE"><em>TradingView</em></a><em>)</em></p> 
<p>In the above chart, Ethereum (ETH) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.</p> 
<p>At the time of analysis, the price of Ethereum (ETH) was recorded at $3,451.26. If the pattern trend continues, then the price of ETH might reach the resistance levels of $3456.18, $3536.16, and $3699.44. If the trend reverses, then the price of ETH may fall to the support of $3379.39.</p> 
<h2 class="wp-block-heading" id="ethereum-eth-resistance-and-support-levels">Ethereum (ETH) Resistance and Support Levels</h2> 
<p>The chart given below elucidates the possible resistance and support levels of Ethereum (ETH) in 2024.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/JHR5nbNG/" alt="">
 </figure>
</div> 
<p><em>ETH/USDT Resistance and Support Levels (Source: </em><a href="https://www.tradingview.com/x/ZbdMx0Xy/"><em>TradingView</em></a><em>)</em></p> 
<p>From the above chart, we can analyze and identify the following as resistance and support levels of Ethereum (ETH) for 2024.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$3569.57</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$4454.21</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$2732.00</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$2161.73</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p><em>ETH Resistance &amp; Support Levels</em></p> 
<h2 class="wp-block-heading" id="ethereum-eth-price-prediction-2024-rvol-ma-and-rsi">Ethereum (ETH) Price Prediction 2024 — RVOL, MA, and RSI</h2> 
<p>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.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/bEjxDjKc/ " alt="">
 </figure>
</div> 
<p><em>ETH/USDT RVOL, MA, RSI (Source: </em><a href="https://www.tradingview.com/x/XhJR184F/"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the current Ethereum (ETH) market in 2024.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>50-Day Moving Average (50MA)</td>
    <td>Nature of the current trend by comparing the average price over 50 days</td>
    <td>50 MA = $3419.11Price = $3447.00<br><em>(50MA &lt; Price)</em></td>
    <td>Bullish/Uptrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index (RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>55.56<br><em>&lt;30 = Oversold</em><em><br></em><em>50-70 = Neutral</em><em>&gt;70 = Overbought</em></td>
    <td>Neutral</td>
   </tr>
   <tr>
    <td>Relative Volume (RVOL)</td>
    <td>Asset’s trading volume in relation to its recent average volumes</td>
    <td>Below cutoff line</td>
    <td>Weak volume</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="ethereum-eth-price-prediction-2024-adx-rvi">Ethereum (ETH) Price Prediction 2024 — ADX, RVI</h2> 
<p>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).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/h2f5EOdJ/ " alt="">
 </figure>
</div> 
<p><em>ETH/USDT ADX, RVI (Source: </em><a href="https://www.tradingview.com/x/e1BDihWt/"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the price momentum of Ethereum (ETH).</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>Average Directional Index (ADX)</td>
    <td>Strength of the trend momentum</td>
    <td>14.07</td>
    <td>Weak Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>65.30<br><em>&lt;50 = Low</em><em><br></em><em>&gt;50 = High</em></td>
    <td>High volatility</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="comparison-of-eth-with-btc">Comparison of ETH with BTC</h2> 
<p>Let us now compare the price movements of Ethereum (ETH) with that of Bitcoin (BTC), and Ethereum (ETH).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/qQcbScwh/ " alt="">
 </figure>
</div> 
<p><em>BTC Vs ETH Price Comparison (Source: </em><a href="https://www.tradingview.com/x/0ObqV1ch/"><em>TradingView</em></a><em>)</em></p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="ethereum-eth-price-prediction-2025-2026-2030">Ethereum (ETH) Price Prediction 2025, 2026 – 2030</h2> 
<p>With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ethereum (ETH) between 2025, 2026, 2027, 2028, 2029, and 2030.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Year&nbsp;</strong></td>
    <td><strong>Bullish Price&nbsp;</strong></td>
    <td><strong>Bearish Price</strong></td>
   </tr>
   <tr>
    <td>Ethereum (ETH) Price Prediction 2024</td>
    <td>$6800</td>
    <td>$2500</td>
   </tr>
   <tr>
    <td>Ethereum (ETH) Price Prediction 2025</td>
    <td>$7138</td>
    <td>$2400</td>
   </tr>
   <tr>
    <td>Ethereum (ETH) Price Prediction 2026</td>
    <td>$7877</td>
    <td>$2300</td>
   </tr>
   <tr>
    <td>Ethereum (ETH) Price Prediction 2027</td>
    <td>$8123</td>
    <td>$2200</td>
   </tr>
   <tr>
    <td>Ethereum (ETH) Price Prediction 2028</td>
    <td>$8500</td>
    <td>$2100</td>
   </tr>
   <tr>
    <td>Ethereum (ETH) Price Prediction 2029</td>
    <td>$8768</td>
    <td>$2000</td>
   </tr>
   <tr>
    <td>Ethereum (ETH) Price Prediction 2030</td>
    <td>$9156</td>
    <td>$1900</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>If Ethereum (ETH) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ethereum (ETH) price prediction for 2024 is $4454.21. Comparatively, if unfavorable sentiment is triggered, the bearish Ethereum (ETH) price prediction for 2024 is $2161.73.&nbsp;</p> 
<p>If the market momentum and investors’ sentiment positively elevate, then Ethereum (ETH) might hit $6000. 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.&nbsp;</p> 
<h2 class="wp-block-heading" id="faq">FAQ</h2> 
<h4 class="wp-block-heading">1. What is Ethereum (ETH)?</h4> 
<p>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.</p> 
<h4 class="wp-block-heading">2. Where can you buy Ethereum (ETH)?</h4> 
<p>Traders can trade Ethereum (ETH) on the following cryptocurrency exchanges such as Binance, WEEX, OKX, LBank, and Bybit.</p> 
<h4 class="wp-block-heading">3. Will Ethereum (ETH) record a new ATH soon?</h4> 
<p>With the ongoing developments and upgrades within the Ethereum platform, Ethereum (ETH) has a high possibility of reaching its ATH soon.</p> 
<h4 class="wp-block-heading">4. What is the current all-time high (ATH) of Ethereum (ETH)?</h4> 
<p>Ethereum (ETH) hit its current all-time high (ATH) of $4,891.70 on November 16, 2021.</p> 
<h4 class="wp-block-heading">5. What is the lowest price of Ethereum (ETH)?</h4> 
<p>According to CoinMarketCap, ETH hit its all-time low (ATL) of $0.4209 on October 22, 2015.</p> 
<h4 class="wp-block-heading">6. Will Ethereum (ETH) hit $6000?</h4> 
<p>If Ethereum (ETH) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $6000 soon.</p> 
<h4 class="wp-block-heading">7. What will be the Ethereum (ETH) price by 2025?</h4> 
<p>Ethereum (ETH) price might reach $6800 by 2025.</p> 
<h4 class="wp-block-heading">8. What will be the Ethereum (ETH) price by 2026?</h4> 
<p>Ethereum (ETH) price might reach $7138 by 2026.</p> 
<h4 class="wp-block-heading">9. What will be the Ethereum (ETH) price by 2027?</h4> 
<p>Ethereum (ETH) price might reach $7877 by 2027.</p> 
<h4 class="wp-block-heading">10. What will be the Ethereum (ETH) price by 2028?</h4> 
<p>Ethereum (ETH) price might reach $8123 by 2028.&nbsp;&nbsp;</p> 
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<p><em>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.</em></p>

Ethereum (ETH) Price Prediction 2024, 2025, 2026-2030

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