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Ethereum (ETH) price prediction 2024

A panel of industry specialists give us their predictions on the price of Ethereum to 2030.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Finder analyses expert price predictions each quarter. We conducted our most recent survey in October 2023 in which our panel of 31 crypto industry specialists shared their thoughts on how Ether (ETH) would perform through 2030.

All prices mentioned in this report are denominated in US dollars.

On average, our panel thinks Ether (ETH) will be worth US$1,840 by 2023 before rising to US$5,824 by 2025 and then US$14,411 by 2030.

Ether (ETH) price predictions for 2023, 2025 and 2030

ETH's price is expected to rise to US$1,840 by year-end 2023, according to the average prediction from Finder's panellists.

This price prediction was down significantly from US$2,451, the average prediction for Ether's price by year-end 2023 from our July 2023 survey.

The panellists also predict ETH will hit US$5,824 by 2025 and US$14,411 by 2030. Both of these predictions are lower than our panellists' average predictions in our July 2023 survey, which were US$5,845 by 2025 and US$16,414 by 2030.

"ETH has a huge growth potential," Ruslan Lienkha, chief of markets at YouHodler, says. "Growth is [currently] limited by high rates in TradFi. In [the] case of reaching a soft landing by US authorities, ETH['s] price will increase dramatically, but not until the middle of next year."

Ben Ritchie, managing director at Digital Capital Management Pty Ltd, is also bullish on ETH and the Ethereum ecosystem on a longer time horizon, but feels we could see a lower price for ETH in the short term.

"The growing interest in Ethereum staking and [ETH's] exceptionally low inflation rate suggest the possibility of a short squeeze in the future, hinting at promising upside within the Ethereum ecosystem" Ritchie says. "[However,] we've adjusted our short-term Ethereum price forecast downward mainly because of potential economic challenges that could lead to a more cautious approach in the overall markets."

Ryan Grace, head of tastycrypto, has a forecast similar to Ritchie's.

"Like BTC, Ethereum and broadly crypto as an asset class face macro headwinds that likely limit upside price action in the near-term," Grace says. "With short-term rates at +5%, there's less incentive for capital flows into crypto."

Pav Hundal, lead market analyst at Swyftx, argues that ETH's price is currently low because it's simply following a pattern we've seen before.

"Historically, as we approach a Bitcoin halving, Ethereum tends to revisit its price valuations from earlier that year," Hundal says. "This trend aligns with the repeated observation that Bitcoin's dominance (proportion of the total [crypto] market capitalisation) swells as we near the halving event. We can anticipate that there will be a potential shift from altcoins [like ETH] back into Bitcoin in the lead-up to the halving."

How high and low will ETH go in 2023?

The average peak price our panellists predict ETH will hit by year-end 2023 is US$1,932, with some predicting it will climb as high as US$2,800.

The average lowest price our panellists predict ETH will hit by year-end 2023 is US$1,352, with some predicting it will fall as low as US$885.

45% of our panellists feel that ETH's price will rise into the $1,751–$2,000 range before the close of 2023, while 69% think the lowest ETH's price will dip is into the $1,251–$1,500 range.

"While Ethereum (ETH) is still likely to follow where Bitcoin (BTC) leads in terms of overall price trends, its intrinsic value and utility set it apart," Nick Ranga, senior cryptocurrency and forex analyst at ForexTraders.com, says. He thinks we'll see ETH at $2,250 before the year is out. "Due to the wealth of use cases for the Ethereum network and the Ether cryptocurrency, it's future is assured."

Damian Chmiel, senior analyst and editor at Finance Magnates, thinks we could see ETH's price as high as $2,000 before the year is out but also as low as $1,000.

"I wouldn't expect any significant movements in Ethereum for the rest of this year," Chmiel says. "I anticipate it will consolidate between $2,000 and $1,000."

Desmond Marshall, MD at Rouge International and Rouge Ventures, believes we could see ETH at $1,200 before the year is out, as he thinks regulatory uncertainty around the asset as well as macroeconomic factors may be holding its price down.

"The new ETH futures-linked ETFs were a major disappointment to the ETH supporters," Marshall says. "As the regulatory confusion lurks, general retail investors and institutions are weary of jumping on the bandwagon too soon, esp[ecially] with a dwindling job market, employment stats, and a dipping stock market."

Is now the time to buy, hold or sell ETH?

Almost half of our panellists (48%) believe it's a good time to hold ETH, while just over two-fifths of them (41%) believe it's time to buy ETH.

Only 10% think it's time to sell ETH.

"Ethereum has great intrinsic value," Natalja Zaharova, head of operations at FXOpen LP Ltd, says. "Its network keeps becoming bigger."

Paul Levy, senior lecturer at the University of Brighton, is also bullish on ETH and believes that now is the time to hold the asset.

"Ethereum is still much talked about, mostly for good reasons," Levy says. "[It's] rooted in iterative innovation, often releasing new features and enhancements that are grounded in decent testing regimes."

Jeremy Britton, CFO of BostonTrading.co, also believes ETH is a hold, but he's somewhat bearish on ETH for technical reasons.

"Changing from POW to POS has made ETH less decentralised and less 'crypto'," Britton says. "Some of ETH's competitors may cut ETH's market share as people want lower fees and more decentral."

Alexander Kuptsikevich, senior market analyst at FXPro, thinks it's time to sell ETH based on his technical analysis.

"Ethereum has tried to stay afloat above 50- and 200-week MAs," Kuptsikevich says. "It went below them, and this move may continue in the following weeks."

Is ETH overpriced, underpriced or priced fairly?

The vast majority of our panellists feel that ETH is either underpriced or fairly priced.

That is, 43% feel that ETH is currently underpriced and 40% feel that it's priced fairly.

Only 17% feel that it's overpriced.

"Ethereum will become the global settlement layer," Martin Froehler, CEO at Morpher, says. "Ether is the first yield-bearing deflationary asset."

Tristan Thoma, director of government and payments at AlphaPoint, believes that ETH is priced fairly, pointing out that ETH's price will likely continue to increase as crypto becomes more widely adopted.

"The price is still likely to increase over time as [the] crypto user base grows globally with more confident compliance structures," Thoma says. "[This should] result in [an] organic price increase."

John Hawkins, senior lecturer at the University of Canberra, thinks ETH is overpriced, despite the uses of the Ethereum network.

"Ethereum has more uses, [than] Bitcoin," Hawkins says. "[However,] the crypto mania is dying down; Google Trends show interest declining since 2021."

How will the Ethereum community respond to the "over staking" of ETH?

41% of our panellists believe that the Ethereum community will not provide a significant response to the "over staking" of ETH.

Just over a quarter of our panellists (26%) think the Ethereum community will propose curbing the influence of liquid staking protocols like Lido, while 22% believe the Ethereum community will respond by suggesting a cap of ETH deposits on the beacon chain.

The following is commentary from some of our panellists who voted "Other" in response to the question in the chart above.

Matiu Rudolph, COO at Layer One X, points out that an Ethereum Improvement Protocol – EIP 7514 – "has been proposed as a short term solution to slow down growth of the active validator set."

Josh Fraser, co-founder of Origin Protocol, says "the Ethereum community will come up with solutions to over staking, such as Origin Ether (OETH). Instead of just earning yield from staking rewards, users can find ways to optimise yield in innovative ways, such as optimizing yield through DeFi and liquid staking."

Ben Ritchie, managing director of Digital Capital Management Pty Ltd, says "In our perspective, we strongly advocate for the Ethereum community to prioritise thorough due diligence when selecting staking platforms, particularly those aligned with the principles of decentralisation, such as Rocketpool and similar projects aiming to promote network decentralisation."

When will the tokenisation of real-world assets hit the mainstream?

41% of our panellists think the tokenisation of real-world assets will go mainstream by 2030, while 31% believe we will see this by 2025.

Only 10% of our panellists think it will go mainstream by 2024 and 7% believe it will never go mainstream.

Josh Fraser believes we'll see the tokenisation of real-world assets go mainstream by 2030.

"It's not unlikely that total value locked in NFTs will surpass that of DeFi," Fraser says, "as NFT value will include real estate, IP, luxury goods, and beyond."

Will the market cap of ETH flip that of BTC?

43% of our panellists don't see ETH's market capitalisation ever flipping BTC's.

23% think it will happen but not until 2030, while 20% are unsure.

Ruadhan O, creator of Seasonal Tokens, believes that Ethereum has more utility than Bitcoin, but that ETH won't flip BTC because ETH will be competing with the native coins of other smart contract platforms.

"Ethereum remains expensive to use [and] it will lose market share to cheaper alternatives," O says. "Bitcoin isn't useful. Nobody needs a Bitcoin. There's no demand for Bitcoin's utility at a lower price, because there's no utility. This is why Bitcoin isn't losing market share to other proof-of-work coins."

Josh Fraser feels differently and believes this will happen by 2030 or later.

"It's likely ETH will eventually flip Bitcoin in terms of market capitalization," Fraser says.

Meet the panel

Methodology

Finder surveyed 31 fintech specialists in October 2023. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 29 panellists gave their price prediction for ETH by year-end 2023, 2025 and 2030. Panellists may own some cryptocurrencies, including ETH. All prices are listed in USD per ETH.

Changes to methodology: In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed in order to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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