Advertisement
Advertisement

Ethereum (ETH) Price Prediction for 2025

By:
Varuni Trivedi
Published: Jun 2, 2022, 19:19 UTC

With BTC's price movements pushing market volatility to the brim, the top altcoin, ether (ETH), has had a rangebound trajectory for most of Q1 and Q2 2022.

FXempire, ETH, Crypto, ethereum

Key Insights:

  • ETH’s price is down by 62.35% from its 2021 all-time high.
  • Short-term gains for the coin seem limited, but ETH’s price could still outperform in the long term.
  • The switching Ethereum to Proof-of-Stake could add bullish momentum to the coin’s trajectory.

While 2021 was a stunning year for the top altcoin ether, the new year drowned the larger market and ETH into a sea of bearishness.

On December 31, 2021, ETH/USD traded in the high $3761 zone. For most of December 2021, ETH was trading north of $4000 per token. However, at the time of writing, the coin’s price had dropped to $1818, almost 50% down from the price range in December 2021.

The bearish winter in the crypto market brought the top altcoin by market cap down by almost 60% from its all-time high price of $4,847.57 made in November last year. As the king altcoin continues to suffer in the crypto winter, there’s still hope for ETH HOLDers, at least in the long term.

Zooming Out

Despite the star-studded performance last year, ETH’s high correlation with BTC has pushed ETH’s price southward. Last year, on-the-year gains for ether were well over 300%, while at press time, ETH’s yearly ROI vs USD was -32.86%.

The crypto market started the last week on a bullish note gaining momentum but candlesticks soon turned red on Thursday. BTC’s drop below the psychological $30,000 mark triggered the recent market dip. In tandem, the global crypto market cap fell by 5% over the last 24-hours down to $1.24 trillion at press time.

Some analysts, however, stood optimistic about ETH and BTC’s trajectory. BitMEX founder Arthur Hayes in a recent post, opined that both BTC and ETH would likely bottom out around the $25,000 to $27,000 and $1,700 to $1,800 range, respectively.

Hayes highlighted that ether had experienced two cycles. The first one started when the coin was first freely traded after ICO distributions were made. The second commenced after ether bottomed following the 2017-2018 ICO boom, then bust.

FXempire, ETH, Crypto
Source: Hayes Medium Post

He further added that a local bottom reached at the most significant drawdown vs. the previous cycle’s all-time high (ATH). He roughly predicted this cycle’s bottom by looking at price drawdown from all-time high data.

That said, zooming out on ETH’s price chart, it could be seen that a major support was present at the $1780 mark. A test from this level has often provided a bounce for ETH.

FXempire, ETH, Crypto
ETH Weekly Price Chart | Source: FXEmpire

Ether Price Prediction

On a more fundamental level, the latest news updates, technical upgrades, new project forecasts as well as partnerships and integrations by 2025 could play in favor of ETH’s massive price growth.

Notably, the Ethereum Ropsten Merge testnet’s first upgrade was scheduled for June 2, and would be complete by June 8. This Merge could reduce the altcoin’s issuance by 90%. In fact, Bloomberg analysts believe that the Merge could fuel an Ethereum rally even in the bearish market.

Furthermore, the Triple Halving narrative could play after the successful completion of the Merge, further aiding ETH’s price growth. The $10,000 mark has often been considered a long-term target for ETH based on the Ethereum Triple Halving narrative.

Researcher Nikhil Shamapant believes that the successful implementation of EIP-1559 could reduce the Ethereum volume to an equivalent of three and a half Bitcoin halvings. The Triple Halving and reduced ether issuance could push the king altcoin to $10,000.

Shamapant has also said,

“It [Ethereum price] definitely can go much higher, I think we can see the price go to $10,000, where a lot of ether bull price targets begin to kick in and people take profits. I think we’ll head up to that $10-25k range, hit a lot of supply and could see some big drawdowns and consolidation at that point.”

Thus, as interest in Ethereum rises and more projects flock to the blockchain, ether price could race up to climax over the next four years. For now, analysts have set their price predictions starting with a minimum price of $4800 by the end of this year.

Finder’s panel of fintech specialists said that ether would jump to $5,783 by the end of 2022. Additionally, the price is expected to continue to rise going forward, hitting $11,764 by 2025 and $23,372 by 2030.

FXempire, ETH, Crypto
Source: Finder

About the Author

A Journalism post-graduate with a keen interest in emerging markets across South East Asia, Varuni’s interest lies in the Blockchain technology. As a financial journalist, she covers metric and data-driven stories with a tinge of commentary, and strongly believes in HODLing.

Did you find this article useful?

Advertisement