Ethereum Price Prediction, Will Bulls take ETH Price to $10k in 2022?

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Ethereum continues to hold its crown as the second-largest cryptocurrency. The digital asset is now the talk of the crypto-verse, as the protocol is expected to merge with ETH 2.0. Which will counter the limitations of Ethereum’s blockchain technology.

Wherefore, the upgrade holds the sentimental interests of investors and traders. Who hold stakes in deposit contracts of ETH 2.0, which has recently surpassed the count of 10 Million. With the much-anticipated upgrade inching closer each passing day, the curiosity around its price projection is growing louder.

Will Ethereum emerge to stride to new highs anytime sooner? On a long-term forecast, what’s in the store for Ethereum Price Prediction and its users? Everything about ETH price Prediction, updates, and the latest buzz is just a read away!

Overview

Cryptocurrency	Ethereum
Token	ETH
Price	$ 0.0000
Market cap	$ 0.0000
Circulating Supply	$ 0.0000
Trading Volume	$ 0.0000
All time high	$ 0.0000     January 1, 1970
All time low	$ 0.0000     January 1, 1970

Ethereum (ETH) Price Projection For March Of 2022

  Ethereum’s price has been on a steady descent since its ATH of $4,837.59. ETH price has been ranging in a parallel channel since its fall below its support at $3,625.53. The digital asset can be seen testing its upper resistance at $3,399.43. 

Successively, a break above which will take the ETH price to its crucial resistance at $3,625.53. Which remains the closing target for March. That said, initiating the second quarter above the crucial resistance, will put ETH’s price towards its high demand area at $4,000.   

 Ethereum Price Prediction 2022

Potential Low	Average Price	Potential High
$4,892.20	$6,279.97	$9,872.43

 Ethereum has initiated the year at a similar pace to that of the fourth quarter. The price on the first day of the year was seen at $3,755.55. Which has also been the highest level for the year. The first quarter has been fairly rough, with implications of the Russian invasion, FED’s rate hike. And concerns of government entities over PoW chains.

Bullish Case: The timely rollout of Ethereum’s biggest update ETH 2.0, which is expected to be done by mid of this year. It will be imperative in the propulsion of the price. Which could breach the highs of $6753.2, by the end of the second quarter. However, usual buying and selling pressure will land ETH price at $4682.4. 

Bearish Case: On the flip side, if the network activity aggravates further, the ETH price could remain under a descending channel. This could lead the price of the asset to end the Q2 trade at $3,511.6. 

Collectively, if the events turn in favour of the bulls, the ETH price could end the annual trade at $10,872.43. If the asset carries on with the usual trade, we can expect an average price of $8,279.97. If bears weigh heavier than the bulls, the price of ETH could slide down to $4,892.90.

ETH Price Prediction 2023

If ETH 2.0 rolls out in the periphery of 2022, we can expect 2023 to initiate on a bullish note. Which could drive in more alliances, adoptions, and investors. Wherefore, the price of ETH could end the trade for 2023 at $13,692.31. However, on a bearish note, the altcoin could end its trade for the year at $8,456.92.

ETH Price Prediction For The Next Five Years

  If the Ethereum ecosystem focuses on boosting its ventures, concentrate on new projects, developments, and partnerships to enhance the network. With newer updates related to Ethereum 2.0 like abandoning the PoW. Most investors would likely stick to the network and help ETH trade at around $15149.03 or more.

Moreover, if scalability is up to the mark, and ETH 2.0 becomes user-friendly, by the end of 5 years. ETH Price is anticipated to hit $20,831.61. However, in case of a possible crash due to any possible regulations, uncertainty may cause the ETH price to fall substantially to $10,483.71.

Year	Potential Low	Potential High
2023	$8456.92	$13,692.31
2026	$10,483.71	$20,831.61

ETH Market Prediction

1) Wallet Investor:

According to Wallet Investor, ETH’s price could reach an average price of $3,350.080 by the start of Q2. The firm expects the digital asset to claim a minimum of $3,139.450, and a maximum of $3,574.510. Wallet Investor predicts ETH to trade at an average price of $18,977.40 by the end of 2025.

2) Trading Beasts:

The firm forecasts, ETH to claim an average price of $3,065.679 by the start of Q2. The expected minimum and maximum levels are at $2,065.827 and $3,832.099 respectively. Trading Beasts pins the average year-end price at $3,041.908. 

3) Digital CoinPrice:

According to DigitalCoinPrice, Ethereum might end the 2022 trade at an average price of $4,401.15. The firm forecasts minimum and maximum targets at $4,155.03 and $4,782.52. The price is estimated to hit a regular price of $6,655.08 by the end of 2025.

4) Long Forecast:

According to LongForecast, Ethereum would cost between $4,157 and $4,941 by the end of 2022. The website is hopeful of star altcoin to perform better in the long term as it expects the price to claim $15,783 by June of 2024.

Our ETH Price Forecast

  The second quarter of 2022, remains crucial for the largest altcoin Ethereum. As it could probably witness the network’s transition to PoS, with its merger with ETH 2.0. This could boost the sentimental belief of investors and traders, thus empowering the activity of the network. The roll-out of the update could propel the price to close Q2 trade at $6,421.

Successively, ETH’s price could reach $11,502 by the end of the year, if the bulls manage to hold their stance. On the downside, increasing FUD amongst investors and lack of updates could curb the price to bottoms at $4,692.11. 

What is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain underlining smart contract functionality. Ether is the native cryptocurrency created by Ethereum miners as a dividend for calculations conducted to protect the blockchain.

The network started to function on 30 July 2015. As of then 72 million coins were minted. This reports for about 65% of the total circulating supply in April 2020. The protocol works on the PoW consensus mechanism and will be transitioning to the PoS mechanism. This is expected to happen sometime by mid of 2022.

To learn more about Ethereum and its fundamentals, click here to read our in-depth guide on the largest altcoin. 

Historic Price Sentiments

2016

ETH began rising steadily in January 2016 and reached a price peak at $15 in March. But immediately after which, because of the Ethereum hard fork, the price fell two times lower.

For some months, the price of Ethereum fluctuated between $8 and $14. Ethereum was added to its list of backed assets in September by the Ledger Nano S hardware wallet, thereby allowing the coin to hit the $15 price.

Ethereum suffered from a DDoS attack on September 22 and this resulted in the network getting slowed down. This led to a prolonged downward trend that lasted until December. By the end of 2016, ETH’s exchange price had peaked at around $7-9.

2017

For Ethereum, 2017 was a bullish year as in the first two months, the coin made a solid run at $23. In March, the price of Ethereum pumped to $53 and then increased to $95 in the next month. Another price push happened in June, with the coin touching $400. This continued until mid-November when the price of Ethereum stabilized at the price range of $270-350.

2018

For Ethereum, 2017 was a bullish year as in the first two months, the coin made a solid run at $23. In March, the price of Ethereum pumped to $53 and then increased to $95 in the next month. Another price push happened in June, with the coin touching $400. This continued until mid-November when the price of Ethereum stabilized at the price range of $270-350.

2019

Ethereum was trading from $100-140 at the beginning of 2019. In April, the first upward trend began. Ethereum began to rise rapidly, tracking the price of Bitcoin and hit $300 in June. ETH was unable to retain these positions, though, and began moving back to its former price marks. Ethereum began increasing again in December 2019 and hit $280.

2020

 Ethereum continued 2020 with its price trading at $143.85 during January.  Progressively, ETH rose to $268.07 by February.  Later, the price of Ethereum declined to $117.48 by mid of March due to the Covid-19 outbreak which resulted in the major downfall of crypto assets. 

Further by the end of April, it had returned to its pre-COVID price and reached $200. With certain variations, Ethereum’s price spiked to $459.76 by September. And further propelled to $609.75 by the end of November. While the price took a plunge with the start of December. However, at the end of December 2020, the ETH price recovered a little and traded at $706.14. 

2021

  ETH price commenced the year with a price tag of $737.71. A euphoric run took the price to 2,000 in February. It then soared to a record high of $4,380 on the 12th of May. However, a crash on the 19th of May left the price at $1,782.52. Later ETH price was seen fluctuating in the range between $2,000 and $2,700 until July end.

It was on the 5th of September when the price skyrocketed 70% to $4,000. The announcement of the Altair upgrade led the price to hit a new ATH of $4,837.59, on the 9th of November. However, a push by the bears took the price to $3,724.52 on the 31st of December. 

Also Read: Dogecoin Price Prediction: DOGE Price Forecast For 2021 and Beyond

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