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Market Cap
$ 154,660,827,667
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Total Volume
$ 5,573,227,446
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24 Hour
0.65%
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7 Day
6.45%
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Ethereum Price Prediction, will ETH’s price hit $7650.26?

Ethereum price prediction, ETH’s price has pumped by 0.65% in the last 24 hours
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Ethereum
Price Prediction
Ethereum, ETH could hit $7650.26 in 2023
Ethereum’s price prediction for the most bearish scenario will value ETH at $1025.50 in 2023
Ethereum’s previous All Time High was on 10th November 2021 where ETH was priced at $4878.26

Ethereum’s price at the same time last week was $1184.46. It has moved by 6.45% in the past week and is currently at $1281.87. Infact, in the past 24 hours, ETH has pumped by 0.65%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and ETH could hit $7650.26 in 2023.

The total circulating supply of Ethereum as of writing this article was $120521017.33 and the marketcap of ETH remains at $154,660,827,667.

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

About Ethereum

Ethereum is an open-source software platform that harnesses the power of blockchain technology. At its core, it is a decentralized blockchain that accommodates Smart Contract functionality. Currently, Ethereum uses the Proof-of-Work consensus protocol and is in the process of making a transition toward the Proof-of-Stake protocol.


Today, it's the blockchain of choice for most developers and enterprises because its infrastructure has attracted global attention.


It enables the programmability of Smart Contracts and ultimately serves as a backbone for a host of decentralized apps (dApps), especially in the DeFi space.

 

The founders of Ethereum were among the first to regard the full potential of blockchain technology beyond its use cases in enabling a peer-peer payment mechanism. 

 

What's Ether (ETH)?

 

ETH essentially lets you be your bank. Herein, you can control the funds in your wallet without the intervention of any third party. 

 

Apart from being globally digitized, ETH is the native token of the Ethereum Blockchain which makes it the currency for all Ethereum apps. Thus, ETH is used to pay gas (transaction) fees to use the Ethereum network.

 

Soon, ETH could become even more important when we consider staking. When you stake your ETH, you'll be able to help secure Ethereum and earn rewards in return.


What's more? You can use ETH as collateral to yield different crypto tokens on Ethereum. Also, you can borrow, lend and earn interest on ETH and other ETH-backed tokens.


One should consider that with increasing programmability, ETH could see multiple use cases in the coming times.
 

Since its ATH in November last year, ETH marked substantial bear runs, one of which occurred as a result of the macroeconomic turmoil over the last few months. 
 

Ethereum, at press time, was trading at $1,551.7, down by nearly 63% [YTD]. While maintaining its market dominance above 19%, ETH showed signs of accumulation in the $1,500 zone.
 

The buyers have upheld the $1,060 support region that could now act as a reliable rebounding ground and set forth a threshold for renewing buying pressure.


Although this year has not been so good for the largest altcoin, expectations are still high in investors' minds.

 

What's with the Merge?


This anticipation stems from the network's ongoing efforts to switch from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) mechanism. The bulls could now aim to capitalize on 'the Merge' which is expected to occur in September this year.
 

Decoding the potential effects of the Merge on Ethereum's price would be monumental to making an informed forecast of ETH's price potential in the coming months.

 

In fact, the Merge is the first step in a series of major Ethereum ecosystem upgrades, which also include The Surge, The Verge, The Purge, and The Splurge.

 

The goal of these upgrades is to make Ethereum more scalable and energy efficient. The Merge will combine the Ethereum Mainnet with the Proof of Stake Beacon Chain.
 

The network's transition from PoW to PoS entails multiple second-order effects on the functionality and potential growth of the platform.

  • Impact of Scaling/lesser transaction fees on ETH's price

While the 'proto-danksharding' could go live after several months of The Merge, the investors may not see immediate changes in the scaling's effect on ETH's price.

 

In the meantime, Ethereum is developing a Layer 2 ecosystem that will deal with scalability and fee mitigation until sharding comes to fruition in the coming times. Effective implementation of this could definitely cause a spike in prices.

  • Decreased energy consumption

The shift toward PoS is expected to reduce the network's energy consumption by 99.95%. This development would keep Ethereum away from the heat received from regulatory authorities and ultimately improve its image in the investors' minds.

  • Tokenomics

While Ethereum is on the brink of the Merge, it could witness a phenomenon known as 'triple halving'.

 

'Halving' is a feature that is prominently built into Bitcoin’s software for ensuring its monetary value over time by periodically reducing the rate of inflation. Historically, Bitcoin halving events have corresponded directly with the start of crypto bull runs.

 

When the Merge takes place, Ethereum will transition from a miner-secured network to a validator-secured one. In doing so, Ethereum's inflation is expected to drop from nearly 4.13% to 0.49%. Furthermore, the total new ETH issuance is expected to drop by 90%. 
 

All in all, the reduced supply of ETH will create a deflationary property that could help ETH become a better store of value in the coming months.
 

Finally, as per the latest Coinshares report, Ethereum's Month-to-Date inflows saw an uptick by $18 million. These inflows highlighted an increased institutional interest in anticipation of the Merge since the past month.
 

With the successful merge of Ethereum's Testnets recently, more money could start pouring in to fuel a potential bull run.

 

Are there a few red flags to loom out for though? A plausible increase in the interest rates by the Federal Reserve could only provoke a slowdown of the stocks and crypto assets. This could impact Bitcoin and Ethereum's price negatively by delaying the immediate prospects of a bull run.
 

To top this off, although the claim that OFAC regulations could lead to censorship may be far-fetched, they surely have created an intense debate amongst the community. 

Ethereum (ETH) Price Analysis

The recent bear run was quite steep, one that refused to give bulls any realistic chances to alter the trend over the last few months. As a result, ETH formed a bearish pennant on the weekly timeframe.


The 20 EMA alongside the $1,895 resistance played to be a trigger for the pennant's breakdown. Since then, the buyers found resting grounds in the 1,420 zone.

 

ETH Weekly Chart

A robust rebound above this baseline could help the altcoin to reach the $1,895 level in the coming weeks/months.

 

To open up possibilities of a volatile bullish break, ETH buyers must strive to break the chains of the $1,895 resistance. In such a case, the $2,200 target could be achievable by the end of this year.

 

The investors are advised to look for improvements in the +DI (green) before taking a long position.  

 

Should you consider buying Ethereum?


The recent successful merges of Ethereum's 'Goelri' and 'Sepolia' Testnets could act as a catalyst for the Mainnet merge in September this year. The investors should keep an eye out on the 'Bellatrix' update that is scheduled for September 6. This could be important for setting the Mainnet merge in motion.


Also, increasing investor interest, institutional funds, and social volumes could play out in favor of the altcoin. The investors should also keep an eye on the Macroeconomic impacts, potentially extending the bearish phase. 

Ethereum Price Prediction

Ethereum has had an eventful 2021. To simplify the latest ETH price prediction, we have divided up the prediction by short term Ethereum price prediction and long term Ethereum price prediction. As of writing this article, ETH had a trading volume of $5,573,227,446. Ethereum has gone down by -18.89% in the past 30 days.

According to our analysis in the short term, Ethereum price prediction for February 2023 shows the average price of ETH at $6539.91 and the highest possible price for February 2023 would be $6997.70.

Further, according to our analysis in the long term, Ethereum price prediction for June 2023 shows the average price of ETH at $7198.68 and the highest possible price for June 2023 would be $7702.59.

Ethereum's Short Term Price Prediction

DateAvg PriceLowest PriceHighest Price
3 Dec 2022$1043.63$970.57$1116.68
4 Dec 2022$1055.69$981.79$1129.59
5 Dec 2022$1074.73$999.49$1149.96
6 Dec 2022$1070.49$995.56$1145.43
11 Dec 2022$932.43$867.16$997.70
16 Dec 2022$840.52$781.68$899.36
26 Dec 2022$725.44$674.66$776.22

Ethereum price prediction 3 Dec 2022: Ethereum’s price for 3 Dec 2022 according to our analysis should range between $970.57 to $1116.68 and the average price of ETH should be around $1043.63.

Ethereum price prediction 4 Dec 2022: Ethereum’s price for 4 Dec 2022 according to our analysis should range between $981.79 to $1129.59 and the average price of ETH should be around $1055.69.

Ethereum price prediction 5 Dec 2022: Ethereum’s price for 5 Dec 2022 according to our analysis should range between $999.49 to $1149.96 and the average price of ETH should be around $1074.73.

Ethereum price prediction 6 Dec 2022: Ethereum’s price for 6 Dec 2022 according to our analysis should range between $995.56 to $1145.43 and the average price of ETH should be around $1070.49.

Ethereum price prediction 11 Dec 2022: Ethereum’s price for 11 Dec 2022 according to our analysis should range between $867.16 to $997.70 and the average price of ETH should be around $932.43.

Ethereum price prediction 16 Dec 2022: Ethereum’s price for 16 Dec 2022 according to our analysis should range between $781.68 to $899.36 and the average price of ETH should be around $840.52.

Ethereum price prediction 26 Dec 2022: Ethereum’s price for 26 Dec 2022 according to our analysis should range between $674.66 to $776.22 and the average price of ETH should be around $725.44.

Ethereum's Long Term Price Prediction

Ethereum’s long term Price Prediction below is a look at ETH’s future prospect with regards to price. Ethereum was last seen at $1281.87, with a market cap of $154,660,827,667 and trading volumes of $5,573,227,446. ETH’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

YearsAvg PriceLowest PriceHighest Price
2023$6375.22$5100.17$7650.26
2024$8351.54$6681.23$10021.84
2025$10940.51$8752.41$13128.61
2026$14332.07$11465.66$17198.48
2027$18775.01$15020.01$22530.01
2028$24595.27$19676.21$29514.32
2029$32219.80$25775.84$38663.76
2030$42207.93$33766.35$50649.52
2031$55292.39$44233.92$66350.87
2032$72433.04$57946.43$86919.64
2033$94887.28$75909.82$113864.73

Ethereum price prediction 2023: Ethereum’s price for 2023 according to our analysis should range between $5100.17 to $7650.26 and the average price of ETH should be around $6375.22.

Ethereum price prediction 2024: Ethereum’s price for 2024 according to our analysis should range between $6681.23 to $10021.84 and the average price of ETH should be around $8351.54.

Ethereum price prediction 2025: Ethereum’s price for 2025 according to our analysis should range between $8752.41 to $13128.61 and the average price of ETH should be around $10940.51.

Ethereum price prediction 2026: Ethereum’s price for 2026 according to our analysis should range between $11465.66 to $17198.48 and the average price of ETH should be around $14332.07.

Ethereum price prediction 2027: Ethereum’s price for 2027 according to our analysis should range between $15020.01 to $22530.01 and the average price of ETH should be around $18775.01.

Ethereum price prediction 2028: Ethereum’s price for 2028 according to our analysis should range between $19676.21 to $29514.32 and the average price of ETH should be around $24595.27.

Ethereum price prediction 2029: Ethereum’s price for 2029 according to our analysis should range between $25775.84 to $38663.76 and the average price of ETH should be around $32219.80.

Ethereum price prediction 2030: Ethereum’s price for 2030 according to our analysis should range between $33766.35 to $50649.52 and the average price of ETH should be around $42207.93.

Ethereum price prediction 2031: Ethereum’s price for 2031 according to our analysis should range between $44233.92 to $66350.87 and the average price of ETH should be around $55292.39.

Ethereum price prediction 2032: Ethereum’s price for 2032 according to our analysis should range between $57946.43 to $86919.64 and the average price of ETH should be around $72433.04.

Ethereum price prediction 2033: Ethereum’s price for 2033 according to our analysis should range between $75909.82 to $113864.73 and the average price of ETH should be around $94887.28.

A Historical look at Ethereum, ETH’s price:

ETH/USD Pair

ETH
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USD
1 December 2019
151.74
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ETH
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USD
1 December 2020
612.26
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403.51
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ETH
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USD
1 December 2021
4637.12
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757.37
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ETH
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USD
2 December 2022
1281.87
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27.64
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ETH/EUR Pair

ETH
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EUR
1 December 2019
137.71
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ETH
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EUR
1 December 2020
512.86
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372.41
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ETH
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EUR
1 December 2021
4092.08
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797.89
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ETH
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EUR
2 December 2022
1219.28
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29.8
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FAQs about Ethereum

What is price of Ethereum as of today 2nd December 2022?

Ethereum’s current price is $1281.87 and witnessed a 0.65% increase in the past 24 hours. ETH/BTC pair saw a 0.76% increase in the past 24 hours.

Is ETH a good investment?

Investing in Ethereum, ETH will purely depend on your personal risk appetite. As you can see over the past 24 hours Ethereum’s price has witnessed a 0.65% increase and over the past 30 days Ethereum has decreased by -18.89%. So it all depends on if this investment will hit your trading goals.

How high can Ethereum’s price go this year in 2022?

According to our latest Ethereum Price prediction for 2022, ETH should vary between $805.65 and $537.10 Please keep in mind that the crypto market is very volatile and this Ethereum price prediction does not account for extreme wild swings in price.

How much will Ethereum be worth in 2022?

As per the Ethereum price prediction undefined model above, ETH’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.

How much will Ethereum be worth in 2023?

According to the Ethereum Price Prediction model above, ETH’s price in 2023 would be $6375.22. This price would however would range from $7650.26 and $5100.17.

How much will Ethereum be worth in 2024?

According to the Ethereum Price Prediction model above, ETH’s price in 2024 would be $8351.54. This price would however would range from $10021.84 and $6681.23.

How much will Ethereum be worth in 2025?

According to the Ethereum Price Prediction model above, ETH’s price in 2025 would be $10940.51. This price would however would range from $13128.61 and $8752.41.

How much will Ethereum be worth in 2026?

According to the Ethereum Price Prediction model above, ETH’s price in 2026 would be $14332.07. This price would however would range from $17198.48 and $11465.66.

How much will Ethereum be worth in 2027?

According to the Ethereum Price Prediction model above, ETH’s price in 2027 would be $18775.01. This price would however would range from $22530.01 and $15020.01.

How much will Ethereum be worth in 2028?

According to the Ethereum Price Prediction model above, ETH’s price in 2028 would be $24595.27. This price would however would range from $29514.32 and $19676.21.

How much will Ethereum be worth in 2029?

According to the Ethereum Price Prediction model above, ETH’s price in 2029 would be $32219.80. This price would however would range from $38663.76 and $25775.84.

How much will Ethereum be worth in 2030?

According to the Ethereum Price Prediction model above, ETH’s price in 2030 would be $42207.93. This price would however would range from $50649.52 and $33766.35.

How much will Ethereum be worth in 2031?

According to the Ethereum Price Prediction model above, ETH’s price in 2031 would be $55292.39. This price would however would range from $66350.87 and $44233.92.

How much will Ethereum be worth in 2032?

According to the Ethereum Price Prediction model above, ETH’s price in 2032 would be $72433.04. This price would however would range from $86919.64 and $57946.43.

How much will Ethereum be worth in 2033?

According to the Ethereum Price Prediction model above, ETH’s price in 2033 would be $94887.28. This price would however would range from $113864.73 and $75909.82.

What was the highest price of Ethereum?

The highest price for Ethereum was recorded in 10th November 2021 during which ETH hit an All Time High of $4878.26

What is the price of 1 Ethereum?

The price of 1 Ethereum according to current market rate is $1281.87