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Ethereum (ETH) price prediction 2024

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

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Finder analyzes expert price predictions each quarter. We conducted our most recent survey in April 2024, 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 $5,710 by the end of 2024 before rising to $7,996 by 2025 and then $29,380 by 2030.

Ether (ETH) price predictions for 2024, 2025 and 2030

ETH's price is expected to rise to $5,710 by year-end 2024, according to the average prediction from Finder's panelists.

The panelists also predict ETH will hit $7,996 by 2025 and $29,380 by 2030. Both predictions were more bullish than our panelists' average predictions from our January 2024 survey, when they projected ETH to reach $7,492 by 2024 and $19,190 by 2030.

The possibility of an ETH exchange-traded fund (ETF) was a common theme for many panel members. Josh Fraser, the cofounder of Origin Protocol, said that the "speculation around Ethereum ETFs will be a catalyst for ether's price."

Shubham Munde, senior market research analyst at Market Research Future, provided a prediction for ETH to end 2024 a little under the panel average. However, he believes the ETF will be a boon for ether, making it an attractive long-term investment.

"Upcoming upgrades, ETH ETF, and BTC (bitcoin) halving are some of the key factors that will soar the prices of ETC (Ethereum classic). Moreover, new investors are also taking interest in ETH as a long-term investment."

Nick Forster, the cofounder of Lyra, who provides one of the higher projections for ETH's 2024 price, also mentions the possibility of the ETF as one of the reasons for his bullish projection:

"Underweighting of ETH ETF likelihood. Recent 4844 scaling upgrade and a critical mass of developer/network momentum that will make ETH very difficult to unseat as digital oil. The token economics are working really well in practice, with large networks footing the bill for gas (as opposed to users)."

At the other end of the spectrum is John Hawkins, senior lecturer at the University of Canberra, who says that while an ETH ETF could be good in the short term, he still sees ether as a bubble waiting to burst.

"If an ether spot ETF launches before the next Bitcoin price collapse, it could result in a temporary boost to the Ethereum price. But in the longer term, it remains a speculative bubble, which broadly tracks the price of Bitcoin."

How high and low will ether (ETH) go in 2024?

The average peak price our panelists predict ETH will hit in 2024 is $6,409, with some predicting it will climb as high as $20,000.

The average lowest price our panelists predict ETH will hit in 2024 is $2,724, with some predicting it will fall as low as $2,000.

A third (33%) of our panelists feel that ETH's price will rise into the $5,000 to $5,999 range at its highest before the close of 2024, while a little over a quarter (26%) believe we'll see ETH's price within the $6,000 to $6,999 range within the same time frame.

About 37% of our panelists think ETH's price will fall below $2,500 at its lowest in 2024. An additional 26% say ETH's price will fall somewhere between $2,500 and $2,999 in 2024.

Pedro Febrero, VP of Web3 at RealFevr and one of our more bullish panelists on ETH, thinks we'll see ETH peak at $20,000 in 2024.

"There are two main reasons I think ETH could reach $20,000 or more. First, the exceptionally high gas fees show there is hunger and demand for the Ethereum network. Secondly, the bitcoin dominance chart shows a top might have been reached around 55%. Perhaps more important is to ponder if ETH will break its 2017 all-time high versus BTC, at around 0.15 per ETH. That would be something to behold."

Julian Hosp, CEO at Cake Group, is also quite bullish, as he thinks we'll see ETH peak at $11,111 in 2024, simply stating that "ETF Hopium still outstanding."

On the flip side, Kadan Stadelmann, CTO at Komodo Platform, thinks the price of ETH could fall as low as $2,200 in 2024 and says that while there is hope for ETH long term, there are roadblocks.

"Although institutions are starting to adopt Ethereum, there are a few possible concerns. First, there is little chance of an ether ETF being approved anytime soon. The SEC (Securities and Exchange Commission) appears to be gearing up to classify ether as a security. Despite these events, ETH still has a positive future considering it is the number one blockchain for smart contracts and could gain momentum, along with other cryptocurrencies, after the Bitcoin halving."

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

The vast majority of the panel (63%) say it's time to buy, with a little under a third (30%) saying to hold and just 7% saying sell.

Crypto product manager for CryptoWisdom.com, Andy LaPointe, says that ETH is a buy and that with "the approval of the spot bitcoin ETFs, investment managers will be looking to create additional spot ETFs to satisfy market demand."

Yacine Ouldchikh, senior sales trader at SDM, also says that now is the time to buy ETH.

"ETH has underperformed BTC by 40% since the highs in 2022. Many sectors like DeFi and NFTs (non-fungible tokens) rely on ETH, so when further innovation comes into the space, ETH will flourish and eventually outperform BTC."

Ruslan Lienkha, chief of markets for YouHodler, is in the "hold" camp and provides this list of why you should do so:

"Firstly, the second biggest crypto will continue to correlate with Bitcoin price. Secondly, Ethereum is the main environment for different blockchain projects. Despite some concerns about decentralization, it has many more use cases, including some non-financial use cases for businesses compared to Bitcoin."

Desmond Marshall, managing director of Rouge International and Rouge Ventures, is on the sell side, saying:

"Vitalik just proposed new "rainbow staking" and "recovery hard fork." This further strengthens his vision of using ETH as a UTILITY and not a speculation currency. Such new proposals will require some time to execute. However, the concept of such heavy-handed manipulation will further (on top of "The Merge" and other hard forks previously), and with SEC most likely at this point NOT approve the ETFs, there will be existing and new investors questioning how easily manipulated this token is."

Is ether (ETH) overpriced, underpriced or priced fairly?

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

That is, 47% feel that ETH is currently underpriced, and 43% feel that it's priced fairly.

Only 10% feel that it's overpriced.

Ryan Grace, the head of tastycrypto, thinks that ETH is currently undervalued and its price will follow BTC's. "Ethereum's price performance is positively correlated to BTC and will benefit from similar market dynamics, though I believe ETH has a higher upside percent return potential."

Jeremy Britton, CFO of BostonTrading.co, says that ETH is priced fairly and likens all the doom and gloom around whether BTC or ETH will come out on top to another famous and meaningless battle:

"There are many so-called "ETH-killers," such as MATIC (polygon) and SOL (solana), plus new contenders. But did anyone really win the cola war? I think ETH will always exist. Even if ETH eventually moves to become a close second behind a competitor, it will never die."

Will the Bitcoin halving have an impact on ETH's price?

Almost all of the panel believe that the Bitcoin halving will positively impact the price of ETH, with 48% saying it will have a moderate positive impact and 39% saying it will have a significant positive impact.

"Any bullish trend patterns for BTC positively influence the rest of the market," says Adam Berker, senior legal counsel for Mercuryo. "Therefore, from a long-term perspective, the halving will also have a positive impact on ETH and other cryptocurrencies."

Will the Dencun upgrade have a notable impact on the price of ETH?

With the Dencun upgrade promising increased scalability and usability, almost three-quarters (73%) of the panel think that we will see a notable impact on ETH's price, with 23% saying we will see the impact within six months of the upgrade, a third (33%) saying within twelve months and 17% saying within two years.

Mitesh Shah, the founder and CEO of Omnia Markets, Inc., says that the upgrade will start showing positive signs within six months:

"The Dencun upgrade significantly enhances Ethereum's L2 solutions, specifically the consensus layer (Denub) and execution layer (Cancun). This upgrade offers improvements in scalability and security, bolstering overall network infrastructure and facilitating greater usability."

Will the ETH ETF be approved?

After all the fervor for the BTC ETF, many are watching the SEC and whether ETH will also get a spot ETF. The majority of the panel (a combined 70%) think it's likely that the ETF will be approved — with 35% each saying it is either moderately or very likely to happen.

"An Ethereum ETF is inevitable," says Martin Froehler, the CEO of Morpher, who is in the moderate camp. He added, "Ethereum will become the global settlement layer, and ether is the first deflationary, yield-bearing, decentralized asset."

Ramy Bekhiet, senior advisor and commercial partnerships coordinator at PDX Global, says it's very likely and sees "the anticipated ETH ETF approval in May 2024."

Nick Ranga, senior cryptocurrency and forex analyst for ForexTraders, thinks ETH's chances of having an ETF approved, ala BTC, are slim.

"The much anticipated Ethereum ETFs are looking increasingly unlikely to be approved in May. There has reportedly been a distinct lack of engagement with potential issuers, a stark contrast to the discussions leading up to the approval of the first Bitcoin ETFs. There is also the looming question of whether the SEC will classify Ethereum as a security, the answer to which could have wide-ranging consequences for the entire industry."

Meet the experts


Prediction
$4,100
Buy/sell/hold
Buyshopping_basket
Ethereum operates under different technical fundamentals and has its own supply dynamics. The Ethereum network is still within its transition. The regulation of staking will play a pivotal role in the price behavior of ether (ETH) and will depend on numerous factors including the overall state of the market, the growth of DeFi and DApps, investor sentiment and overall developments within the Ethereum ecosystem.

Prediction
$5,000
Buy/sell/hold
Buyshopping_basket
Whereas, Bitcoin was created to serve a function akin to digital gold; Ether can serve as that AND the lawyers, accountants, administrators and other back office support staff that today costs too much money and wastes too much time.

Prediction
$5,000
Buy/sell/hold
Buyshopping_basket
As the demand for direct ownership and bitcoin exchange-traded funds (ETFs) continues to increase, both retail and institutional investors will be looking to further diversify their portfolios with additional cryptocurrency options. Ethereum has a proven track record in DeFi applications and adoption. In addition, ongoing upgrades to Ethereum aim to improve security, scalability and sustainability. Finally, with the approval of the spot bitcoin ETFs, investment managers will be looking to create additional spot ETFs to satisfy market demand.

Prediction
N/A
Buy/sell/hold
Any bullish trend patterns for bitcoin (BTC) positively influence the rest of the market. Therefore, from a long-term perspective, the halving will also have a positive impact on ETH and other cryptocurrencies. The ETH ETF is very likely to be approved and brought to market in the US within 2024 due to the market demand from institutional investors. However, the timeline for approval really depends on the Securities and Exchange Commission's (SEC) approach to the regulatory status of ETH.

Prediction
N/A
Buy/sell/hold
Holdback_hand
We don't have a ton of confidence in ether predictions as we are a BTC-focused firm. All of our recent analysis and research is on Bitcoin. We would prefer not to predict specifically here.

Prediction
$5,600
Buy/sell/hold
Buyshopping_basket
Bitcoin's increasing mainstream recognition could drive investor interest toward alternative cryptocurrencies, particularly Ethereum, which boasts the second-largest market capitalization. The Dencun upgrade significantly enhances Ethereum's L2 solutions, specifically the consensus layer (Denub) and execution layer (Cancun). This upgrade offers improvements in scalability and security, bolstering overall network infrastructure and facilitating greater usability. Consequently, Ethereum's technological advancements and dominant market position may attract a wider range of investors seeking exposure to the cryptocurrency landscape as talks of a spot ETH ETF increase as well.

Prediction
$6,700
Buy/sell/hold
Holdback_hand
Although institutions are starting to adopt Ethereum, there are a few possible concerns. First, there is little chance of an ether ETF being approved anytime soon. The SEC appears to be gearing up to classify ether as a security. Despite these events, ETH still has a positive future considering it is the number one blockchain for smart contracts and could gain momentum, along with other cryptocurrencies, after the Bitcoin halving.

Prediction
$4,950
Buy/sell/hold
Holdback_hand
Upcoming upgrades, ETH ETF and BTC halving are some of the key factors that will soar the prices of ETC (ethereum classic). Moreover, new investors are also taking interest in ETH as a long-term investment .

Prediction
$5,000
Buy/sell/hold
Buyshopping_basket
There is increasing speculation about Ethereum ETF, which is interesting thanks to its stacking feature. Also, renewed interest in crypto is positive for Ethereum as it is used in other crypto projects but impacts its price.

Prediction
$2,000
Buy/sell/hold
Sellsell
If an ether spot ETF launches before the next Bitcoin price collapse, it could result in a temporary boost to the Ethereum price. But in the longer term, it remains a speculative bubble, which broadly tracks the price of Bitcoin.

Prediction
$9,000
Buy/sell/hold
Buyshopping_basket
Speculation around Ethereum ETFs will be a catalyst for ether's price. Other catalysts that will bring ETH to $10,000 include increasing burn rates from EIP-1559, the increasing adoption of ETH staking and the widespread adoption of Layer 2 solutions to scale Ethereum.

Prediction
$4,500
Buy/sell/hold
Holdback_hand
N/A

Prediction
$4,500
Buy/sell/hold
Holdback_hand
The much-anticipated Ethereum ETFs are looking increasingly unlikely to be approved in May. There has reportedly been a distinct lack of engagement with potential issuers, a stark contrast to the discussions leading up to the approval of the first Bitcoin ETFs. There is also the looming question of whether the SEC will classify Ethereum as a security, the answer to which could have wide-ranging consequences for the entire industry.

Prediction
$6,000
Buy/sell/hold
Buyshopping_basket
ETH has underperformed BTC by 40% since the highs in 2022. Many sectors like DeFi and non-fungible tokens (NFTs) rely on ETH, so when further innovation comes into the space, ETH will flourish and eventually outperform BTC.

Prediction
$8,000
Buy/sell/hold
Buyshopping_basket
The Ethereum price predictions are based on several factors, including the growing adoption of Ethereum's blockchain for decentralized finance (DeFi), non-fungible tokens (NFTs) and other applications. Additionally, upgrades like Ethereum 2.0 and the EIP-1559 protocol are expected to address scalability issues and improve transaction efficiency, potentially driving up demand and value. Ethereum's current price is viewed as underpriced given its fundamental strengths and the ongoing development efforts within the Ethereum ecosystem. As Ethereum continues to evolve and attract more users and developers, it is poised for significant growth in the coming years, leading to the predicted price increases.

Prediction
$3,700
Buy/sell/hold
Sellsell
Vitalik just proposed new rainbow staking and recovery hard fork. This further strengthens his vision of using ETH as a UTILITY, and not a speculation currency. Such new proposals will require some time to execute, but the concept of such heavy-handed manipulation will further (on top of 'The Merge' and other hard forks previously), and with SEC most likely at this point NOT approve the ETFs, there will be existing and new investors questioning how easily manipulated this token is. Remember Vitalik from day one wanted ETH to be simply a tool for blockchain developers and not as a speculative currency.

Prediction
$5,500
Buy/sell/hold
Holdback_hand
There are many so-called ETH-killers, such as MATIC (polygon) and SOL (solana), plus new contenders. But did anyone really win the cola war? I think ETH will always exist. Even if ETH eventually moves to become a close second behind a competitor, it will never die.

Prediction
$5,000
Buy/sell/hold
Buyshopping_basket
Same as my prediction on BTC, market adaptation and on top if expectation the ETH ETF may get approved sometimes soon.

Prediction
$5,000
Buy/sell/hold
Buyshopping_basket
Technical and statistical analysis from a proprietary predictive model.

Prediction
$5,000
Buy/sell/hold
Holdback_hand
Firstly, the second biggest crypto will continue to correlate with bitcoin price. Secondly, Ethereum is the main environment for different blockchain projects. Despite some concerns about decentralization, it has many more use cases including some non-financial use cases for businesses in comparison to Bitcoin.

Prediction
$6,000
Buy/sell/hold
Buyshopping_basket
An Ethereum ETF is inevitable. Ethereum will become the global settlement layer, and ether is the first deflationary, yield-bearing, decentralized asset.

Prediction
$6,000
Buy/sell/hold
Buyshopping_basket
Ethereum Cancun upgrade, the Cancun upgrade will greatly improve the blockchain performance of Ethereum Layer 2, and it is expected that the usage rate of Dapps built in the Layer 2 ecosystem will increase significantly. What attracts more attention is the Op ecosystem. Coinbase's Base, Binance's opBNB, and more and more well-known project parties (such as Gitcoin, Celo, Loot, etc.) have begun to use OP Stack to build ecological infrastructure and applications, which will help Yu OP realize the ecological vision of super chain. In addition, the Cancun upgrade will provide greater infrastructure support for other related tracks, including abstract wallets, cross-chain bridges, decentralized storage, etc. To give an example that everyone can understand but may not be completely suitable, the Ethereum Cancun upgrade is like upgrading the communication network from 2G to 4G. Through the change of data storage method, the ability of the Ethernet ecological network to process data is greatly improved, which is a long-term development for ETH. Good news.

Prediction
$7,500
Buy/sell/hold
Buyshopping_basket
Underweighting of ETH ETF likelihood. Recent 4844 scaling upgrade and a critical mass of developer/network momentum that will make ETH very difficult to unseat as digital oil. The token economics are working really well in practice, with large networks footing the bill for gas (as opposed to users).

Prediction
$6,000
Buy/sell/hold
Buyshopping_basket
ETH ETF coming. Huge amounts of activity on chain.

Prediction
$8,000
Buy/sell/hold
Buyshopping_basket
Previous price data, macro conditions, future ETF approvals and the ETH/BTC ratio analysis

Prediction
$5,000
Buy/sell/hold
Buyshopping_basket
Ethereum's price performance is positively correlated to BTC and will benefit from similar market dynamics, though I believe ETH has a higher upside percent return potential.

Prediction
$6,000
Buy/sell/hold
Holdback_hand
Ethereum Dencun upgrade and the anticipated ETH ETF approval in May 2024.

Prediction
N/A
Buy/sell/hold
Buyshopping_basket
N/A

Prediction
$10,000
Buy/sell/hold
Buyshopping_basket
ETF Hopium still outstanding.

Prediction
$2,200
Buy/sell/hold
Holdback_hand
N/A

Prediction
$20,000
Buy/sell/hold
Buyshopping_basket
There are two main reasons I think ETH could reach $20,000 or more. First, the exceptionally high gas fees show there is hunger and demand for the Ethereum network. Secondly, the bitcoin dominance chart shows a top might have been reached around 55%. Perhaps more important is to ponder if ETH will break its 2017 all-time high versus BTC, at around 0.15 per ETH. That would be something to behold.

Methodology

Finder surveyed 31 fintech specialists in April 2024. Panelists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 28 panelists gave their price prediction for ETH by year-end 2024, 2025 and 2030. Panelists 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 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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Written by

Richard Laycock

Richard Laycock is Finder’s NYC-based senior content marketing manager & insights editor, spending the last decade data diving, writing and editing articles about all things personal finance. His musings can be found across the web including on NASDAQ, MoneyMag, Yahoo Finance and Travel Weekly. Richard studied Media at Macquarie University, including a semester abroad at The Missouri School of Journalism (MIZZOU). See full profile

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