Ethereum price prediction: When will ETH reach $100,000?

Ethereum is a smart contract blockchain system that differs significantly from Bitcoin or Litecoin. Ether, often known as ETH, is Ethereum's cryptocurrency. Following Bitcoin's breakthrough, the Russian-Canadian programmer named Vitalik Buterin got fascinated by the new financial technology and believed that the idea and concept might be enhanced and used for more than just payments. 

Ethereum used the same Proof of Work consensus method as Bitcoin to validate transactions on the blockchain and generate the cryptocurrency. This is a very high resource-consuming process that has led to the criticism of cryptocurrencies due to environmental concerns. Starting 2021, Ethereum is in the process of transitioning to the Proof-of-Stake consensus.

Ethereum price prediction 2023

When it comes to forecasting Ethereum's price in 2023, experts are split on their predictions. Some analysts believe that the potential of Ethereum and its underlying blockchain technology will drive prices up significantly over the next few years, while others caution that there is still significant risk associated with cryptocurrencies.

Those bullish on Ethereum point to its widespread adoption and its potential as a platform for smart contracts, decentralized finance applications and other blockchain-based technologies. Ethereum is also backed by one of the largest development communities in the world, which means that it has a high likelihood of continued innovation.

The analysts at Bitnation, for example, believe that Ethereum will reach new heights in 2023. The experts forecast that, in 2023, ETH could go all the way to $3,495.17. Moreover, the price of Ethereum will continue to grow constantly in the next few years, reaching as much as $12,000 in 2030. So, for those asking can Ethereum reach 10000 the answer is definitely yes, at least according to these latest predictions.

On the other hand, skeptics argue that Ethereum's scalability issues could limit its growth and impact prices. Ethereum currently relies on a Proof-of-Work consensus mechanism, which is energy-intensive and can lead to slow transaction speeds. Additionally, the emergence of new competitors such as EOS and Cardano could erode Ethereum's market dominance.

Walletinvestor.com experts believe that Ethereum will continue to drop in 2023 to around $900. However, they don't expect the price to go lower than this, but will continue to trade between $900 and $1,200 for the next few years.

Ethereum price prediction 2021

Ethereum is one of the most powerful pieces of technology nowadays, and it has caught the attention of major entrepreneurs from the tech and finance industry. 

According to Digital coin, Ethereum prediction remains positive, expecting a $2,707 average value in 2021 and a $3,382 peak in 2022. In the long run, it expects prices to rise to an average of $5,852 in 2025 and $8,488 in 2028. 

The Economic Forecast Agency's ether price forecast predicts that, by the end of this summer, the price will drop to $1,586 before skyrocketing to $2,790 by the end of 2021.  

The future of Ethereum – can it reach $100,000?

Joe McCann, Angel Investor, and Crypto Margin Trader, believes that the price of Ethereum might reach $50.000 by March 2022. 

However, the panel, which includes Coinmama Chief Executive Sagi Bakshi and ConsenSys chief economist Lex Sokolin, predicts that ETH will reach $19,825 by 2025. 

The majority of the 35 crypto experts forecasted that by the end of 2022, Ethereum would have surpassed bitcoin as the most frequently traded digital asset.

2025

Thirty-five specialists have gathered to forecast Ethereum's price. By 2025, they predict the price of Ether to reach $19,842. The majority of panelists believe now is the best time to buy Ethereum, while 28% believe now is the best time to hold.

2030

The outlook for coin prices is generally positive. Between now and 2030, experts believe that Ethereum's price will increase each year, reaching nearly $62,000 each token. 

Crypto-Rating has taken things a step further. Ethereum may reach above $100,000 per coin by 2030, according to them. 

Dan Morehead, the CEO of Pantera Capital, predicts that the value of ETH will hit six figures in ten years, as does Nigel Green, the CEO of DeVere Group, who predicts that the value of ETH will reach $100,000 in ten years. 

Cryptocurrency markets remain very unpredictable, even though most of the Ethereum forecasts are positive. For this reason, it is pretty difficult to anticipate what the coin's value will be in the near future and even more difficult to make long-term predictions.

History of Ethereum & pricing

The founders of Ethereum raised 18 million dollars in a crowdfunding campaign in 2014, selling contributors Ether (tokens). In 2015 Ethereum's platform went live, and since then, hundreds of developers have contributed to its progress. 

Similar to Bitcoin, Ethereum is experiencing some problems, such as scalability and even security. In 2016, an unknown hacker stole 50 million dollars worth of Ether, raising concerns regarding the software's security. This caused a separation in the Ethereum community, and it divided into Ethereum Classic (ETC) and Ethereum (ETH). 

Since the beginning, the price of Ether has fluctuated dramatically. The Ethereum currency surged by more than 13.000% in 2017. While many investors are attracted by this considerable growth, some are worried about the instability. 

Starting from $28 in March 2017, Ethereum's price increased to $1.278 in January 2018. The year 2019 was relatively constant for ETH, as the value fluctuated around $200. 

In the last part of 2020, ETH prices started to rise, reaching $1.000 by the end of the year. 

In March 2021, ETH peaked at $4.182 before going back down to around $1,000.

Final Thoughts

The majority of Ethereum price forecasts indicate that the cryptocurrency will experience considerable growth in the following years. Leading experts' estimates are all over the place, yet even the most cautious predictions suggest that anyone who invests in Ethereum might make a fair profit. The value of ETH has been quite erratic in the past. In the last several years, the value has risen and fallen dramatically. 

If you want to start investing or even trading ETH, you will need to use a crypto exchange. To find out which is best for you, go to our crypto exchange comparison page and complete our questionnaire. It only takes a couple of minutes, and at the end, our algorithm will tell you which crypto exchange is best suited to your needs.