In connection with the active growth of the entire cryptocurrency market, Ethereum also showed activity in 2021 - moreover, we are talking about a new all-time high. We decided to take a moment to tell you what ETH forecast is given by experts, how the rate of the second largest cryptocurrency has changed and what they say about growth in the network.
What is Ethereum and ETH cryptocurrency?
Ethereum is one of the most ambitious blockchain projects that seeks to use cryptocurrency to decentralize products and services in a wide range of use cases other than money.
Today, the Ethereum blockchain is used to support applications that do everything from automating financial services (such as lending and borrowing) to digitalizing fiat currencies (such as USDC and Paxos Standard tokens).
Vitaly Buterin, the creator of Ethereum, claimed that he was inspired to create Ethereum after realizing that Bitcoin's design could be applied more broadly to mitigate the “horrors” of centralized web services.
The ETH cryptocurrency is the lifeblood of the Ethereum network. When you send ETH or use the Ethereum app, you pay a small ETH fee to use the network. This fee is an incentive for the miner to process and verify what you are trying to do.
ETH exchange rate history
ETH rate in 2015-2017
The ETH cryptocurrency entered the market on August 13, 2015, and one coin at that time was worth $ 1.21. The low cost (less than $ 30) remained until March 2017. By this time, the entire cryptocurrency market began to grow rapidly, which lasted until the end of the year, and even longer. In April 2017, the price of ETH exceeded $ 50 for the first time, and by the end of May - $ 100. At the end of 2017, the price was $ 436.
ETH rate in 2018-2019
In early 2018, all users saw continued growth in ETH. As a result of the bull market, ETH broke the $ 1,415 mark - for a long time it was the all-time high for Ethereum.
During 2018, the price of ETH dropped from as high as $ 1,000 to $ 140. 2018 was not the year of Ethereum, however, in the first three quarters of 2019, Ethereum price changes looked more encouraging. The ETH price started a new rally from the $ 100 mark.
The Ethereum course largely followed the trends of the cryptocurrency market in 2019 - its growth was moderate, from $ 152 to $ 180. In August, the price of the Ethereum cryptocurrency began to decline, also following the trends of the crypto market. ETH coin traded at $ 129 at the end of 2019.
ETH rate in 2020-2021
In 2020, the price of Ethereum again showed growth opportunities closer to July. Since the DeFi market experienced explosive growth in August 2020, and most projects use the Ethereum blockchain, the price of ETH was $ 400 and continued to rise.
At the end of 2020, all users saw an active growth phase for the ETH rate, which continued in 2021. Currently, the ETH cryptocurrency rate has not yet started a correction, which means that we can see new heights, even above the all-time high on February 20, 2021 - $ 2,036.29.
At the time of this writing, the ETH rate is $ 1,484.70 and the market cap is $ 169,992,862,724.
What can affect the ETH rate?
Ethereum 2.0 launch
On November 24, 2020, 524,288 ETH were collected under the Ethereum 2.0 deposit contract. These coins were required for staking and the launch of the first phase of Ethereum 2.0 - Beacon Chain. It is important to note that the transition to 2.0 means the transition to PoS (proof of stake), improved throughput and the possibility of sharding - this is the division of large chains (databases) into smaller and faster ones, which makes the whole system more scalable.
Ryan Watkins, a researcher at the Messari analytical company , emphasized the importance of updating Ethereum . He is confident that the transition to version 2.0 will have a greater impact on the cryptocurrency market than Bitcoin halving:
" ETH 2.0 is a much stronger catalyst than Bitcoin halving simply because it is not a predetermined and fundamental change ."
The rise in popularity of altcoins
Leading analyst of 8848 Invest, Viktor Pershikov, in an interview with RBC Media, expressed his opinion on the upcoming correction of the cryptocurrency market and the importance of buying ETH:
“ Altcoins continue to be influenced so that they can be bought more reliably than BTC. Ethereum both fundamentally and technically looks attractive for investments. […] In this regard, now is a good time to buy ethereum , ”said Pershikov.
Indeed, the rate of the ETH cryptocurrency is much more dependent on the popularity of other projects based on Ethereum than on Bitcoin. Due to this, it is the attention to altcoins that can affect the ETH rate.
Ethereum staking
ETH 2.0 deposit contracts are helping to develop staking opportunities for both new users and existing ETH holders.
Until crypto exchanges simplify the staking process, we will not see the immediate popularity of this service. Since today this requires its own software and hardware and stable electricity, the distribution process is slow in the initial stages.
Some traditional banks are considering and implementing a move to negative interest rates, and against their background, Ethereum staking looks like a more stable way of saving and passive income.
Twitter posts
Renowned investor and co-founder of several large projects @ sassal0x expressed his opinion on the future of Ethereum and ETH:
“ Ethereum will scale. Then ETH will reach $ 10,000 (and above). It's programmed . ”
Cryptocurrency analyst @manditoken congratulates ETH on overcoming $ 2,000 on his Twitter account:
“ Congratulations to Ethereum on overcoming $ 2,000! ”.
User @Miss_Lee_Chon jokingly drew attention to the issue of high gas costs:
" After paying the gas fee, the Ethereum logo makes sense ."
ETH forecast for 2021
TradingBeasts ETH Prediction: $ 1,530.8
Analysts TradingBeasts used a historical approach to forecasting cryptocurrency courses. It is predicted that by the beginning of June 2021 the Ethereum price will reach $ 1,370.598, and by the end of the year the rate will rise to $ 1,530.8.
WalletInvestor ETH Forecast: $ 2,330
According to WalletInvestor analysts , who make their forecasts using historical analysis of the exchange rate, the price of ETH will rise in 2021. The estimated cost of ETH could be $ 2,330 in December 2021.
LongForecast ETH Price Prediction: $ 3,020
LongForecast experts also prefer historical analysis of the price of cryptocurrencies for making predictions. In their opinion, in June 2021 we will see an average price of $ 2,135. Ethereum price forecast for the end of the month - $ 2,250, change for June 16%. In December of the same year, the rate is expected to rise to $ 3,020.
ETH exchange rate forecast for 2022-2024
TradingBeasts 2022 ETH Prediction: $ 1,899,023
According to analysts from TradingBeasts, the ETH cryptocurrency is a promising investment, and its rate will only increase over time. In 2022, the cost will rise to $ 1,899,023 - a change from present value of 19.96%.
WalletInvestor's 2023 ETH Forecast: $ 3,534,120
WalletInvestor analysts believe that ETH is a promising cryptocurrency, and its rate will grow in the near future. By 2023, we will see the price of ETH rise to $ 3,534,120.
LongForecast ETH 2024 Forecast: $ 1,895
LongForecast experts expect that in 2024 the rate of the ETH cryptocurrency will decline, and in January it will be $ 1,131. Despite the decline, at the end of 2024 we will see a slight increase - up to $ 1,895. The change will be 47.9%.
ETH forecast for 2025
WalletInvestor ETH Forecast: $ 4,743,060
According to WalletInvestor analysts, the ETH cryptocurrency will grow until 2025 and beyond: the estimated rate will be $ 4,292,340 in January and $ 4,743,060.
Coinpedia ETH Prediction: $ 5,000
Experts from Coinpedia believe Ethereum may focus on stimulating networked ventures and new projects, developments and partnerships to improve the Ethereum network in 2025. Ethereum is expected to reach $ 5,000 in 5 years.
DigitalCoinPrice ETH Price Prediction: $ 4,821.94
DigitalCoinPrice analysts use historical value analysis to predict cryptocurrencies. In their opinion, ETH is a promising cryptocurrency and a good long-term investment. In 2025, its rate could be $ 4,266.44 in June and $ 4,821.94 in December:
ETH forecast for 2030
To make long-term cryptocurrency forecasts, there are a lot of factors to consider. Unfortunately, not everything can be assumed - how it happened with the pandemic in 2020.
However, experts from CoinPriceForecast believe that in 2030 the value of the ETH cryptocurrency could be $ 62,386.
ETH Predictions for 2021-2030: Summary
The final forecast table looks like this:
| Year | ETH rate in US dollars |
| 2021 year | 1,530.8-3,020 |
| 2022 year | 1899 |
| 2023 year | 3534 |
| 2024 year | 1895 |
| 2025 year | 4,743,060-5,000 |
| 2030 year | 62386 |
ETH cryptocurrency forecast from ChangeHero
Many experts and analysts are very positive about the ETH rate: they believe that Ethereum's capabilities allow the project to grow and develop, as well as become more expensive. We also assume that due to the growth of the DeFi sector, the rate of the ETH cryptocurrency will grow several times.
How to exchange ETH with ChangeHero?
If you have cryptocurrency, you can exchange ETH using the ChangeHero service . To do this, you need to follow just a few simple steps:
- First you need to choose a rate: exact or best, as well as currency and enter the exchange amount;
- Click "Exchange", enter the wallet address and read the details of the exchange. At the next stage, double-check the entered data, read and accept the Terms of Service and the Service's Privacy Policy;
- Transfer the specified amount in one payment - ChangeHero will generate an address for the incoming payment. Exchange at the exact rate has a time limit of 15 minutes;
- Expect the end of the exchange - then we will do all the work for you, and the ETH cryptocurrency will come immediately to your wallet.
Ethereum can also be bought with a credit card and sold on our website. If you have any questions, you can study our detailed guide , or contact a support specialist. The ChangeHero team is available 24/7!
Conclusion
The Ethereum blockchain project is constantly evolving, so the stability of the ETH cryptocurrency is guaranteed over time. The fact that the price of Ethereum is not as high as that of Bitcoin also plays a role. This makes ether more affordable for purchase. Investing in Ethereum is risky, but it can be profitable - if you consider all possible factors and listen to experienced traders.
Stay tuned to ChangeHero for the latest news on ETH and other cryptocurrencies. You can find out more information from our blog . Follow us on Twitter to keep up to date!
A warning
This article is not advisory material and does not call for investing in cryptocurrencies. The user is familiar with the risks associated with investing in the crypto market, and takes any further actions based on his own decision.
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