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 January 2024 in which our panel of 40 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$4,887 by the end of 2024 before rising to US$7,492 by 2025 and then US$19,190 by 2030.

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

ETH's price is expected to rise to US$4,887 by year-end 2024, according to the average prediction from Finder's panellists.

The panellists also predict ETH will hit US$7,492 by 2025 and US$19,190 by 2030. Both of these predictions were more bullish than our panellists' average predictions from our October 2023 and January 2023 surveys. The highest predictions from these previous two surveys were ETH at $6,033 by 2024 and $14,411 by 2030.

"Ether's breakthrough of the $2,470 mark is a critical development, signaling a shift back to a bullish trend," says Jonathan Hababou Solomon, cofounder and co-CEO of A.R.I.A. Algorithmic Ratings & Investment Analysis.

"Given the strong correlation between bitcoin and ether, ether is likely to benefit from bitcoin's catalysts, such as the spot [bitcoin] ETF[s] and [the] halving. However, I believe ether has greater potential due to its current market price. There's a general perception that ether offers a better opportunity for higher multiple profits compared to bitcoin."

Damian Chmiel, Senior Analyst and Editor at Finance Magnates, also noted the correlation in price between BTC and ETH.

"The price of Ethereum will reflect what happens with Bitcoin," claims Chmiel. "If I believe in an all-time high by the end of 2024 around $70,000 for BTC, I also believe that ETH will reach an all-time high, testing the level of $5,000."

Pedro Febrero, VP of Web3 at RealFevr, also noted the price relationship between BTC and ETH but pointed out that, given Ethereum's capabilities versus Bitcoin's, ETH is currently undervalued compared to BTC.

"Ethereum still remains the most widely adopted 'world computer,' and its EVM the most popular development environment," shares Febrero. "At the moment, [ether is] immensely underpriced vs. bitcoin; therefore, I expect a massive swing up in ETH/BTC once the market understands its capabilities (DeFi, NFTs, gaming, gambling)."

Ruslan Lienkha, Chief of Markets at YouHodler SA, sees the price of ETH rising into 2024 but doesn't think ETH will reclaim its all-time high in 2024 or 2025.

"In the long term, the asset price will grow because Ethereum is the main ecosystem for blockchain projects," states Lienka. "However, competition with other blockchain ecosystems will intensify."

And John Hawkins, senior lecturer at the University of Canberra, is significantly more bearish than Lienkha, as he believes we'll see ETH at $2,000 by year-end 2024 and $1,500 by year-end 2025 — despite a potential ETH ETF coming to market.

"It is probably the next (and maybe only other) crypto to get the ETF treatment and hype," says Hawkins. "This could give it some support, but in the longer term, the bubble will burst."

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

The average peak price our panelists predict ETH will hit in 2024 is $5,347, with some predicting it will climb as high as $17,000.

The average lowest price our panelists predict ETH will hit in 2024 is $1,944, with some predicting it will fall as low as $1,333.

About 23% of our panelists feel that ETH's price will rise into the $4,000 to $4,999 range at its highest before the close of 2024, while another approximately 23% believe we'll see ETH's price within the $3,000 to $3,999 range within the same time frame.

About 46% of our panelists think we'll see ETH's price fall into the $2,000 to $2,199 range at its lowest in 2024. 11% don't think ETH's price will fall below $2,200 in 2024, while one of our panelists believes we will see ETH fall below $1,400 within the year.

Josh Fraser, cofounder of Origin Protocol and our panelist most bullish on ETH, thinks we'll see ETH peak at $17,000 in 2024.

"A potential ETH ETF and Circle's IPO are not fully priced in for Ethereum," claims Fraser. "Ether will likely outperform bitcoin in the bull market, which has been the case historically. Compared to 2021, there's significantly more ETH locked in staking, bridges and DeFi, which reduces ether's sell pressure."

Julian Hosp, CEO at Cake Group, is also quite bullish, as he thinks we'll see ETH peak at $10,000 in 2024 since he also believes an ETH ETF is on the way.

On the flip side, Miles Paschini, CEO at FV Bank, thinks the price of ETH could fall as low as $2,000 in 2024, but it doesn't seem as though he thinks the price will stay there for long given some of ETH's value propositions.

"[ETH's] deflationary aspects combined with staking rewards will become increasingly of interest to investors seeking a dividend/growth strategy," explains Paschini.

Charlie Aikenhead, SVP of Communications at WonderFi Technologies Inc., is our one panelist who thinks ETH's price may drop into the $1,200 to $1,399 range in 2024.

"[The] ETH ETF narrative will heat up," shares Aikenhead. "Long term, I think ETH is not viable, though, as it's a very slow and unscalable blockchain."

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

Almost three-quarters of our panelists (71%) believe it's a good time to buy ETH, while just over one-quarter (26%) believe it's time to hold ETH.

Only 3% think it's time to sell the asset.

"All eyes are on ETH at the moment as it is next in the spot ETF lineup," claims Johnny Gabriele, Head of Decentralized Finance at CryptoOracle Collective, who thinks ETH is a "buy."

"Although there seems to be great competition for ETH's dominance from other 'alt L1s' the scheduled 'Dencun upgrade' will make Eth L2s as cheap as Solana. Other narratives such as onchain real-world assets, decentralized physical infrastructure, restaking and blockchain-enhanced gaming will drive demand for all programmatic blockchains, but, in my opinion, Ethereum will easily hold onto its number spot at #2."

Nicole DeCicco, CEO and founder of CryptoConsultz, also says that now is the time to buy ETH.

"Many of our clients come to us looking for the next moonshot microcap token, unaware that undervalued assets can be hiding in plain sight," begins DeCicco. "Ethereum's intrinsic qualities represent much more than just a cryptocurrency; it's a foundational technology that enables decentralized applications and smart contract deployment. Its extensive utility fuels its future growth potential, and it has proven the test of time by evolving to address scalability and energy efficiency issues."

Henry Robinson, co-founder of Decimal Digital Currency, thinks it's time to hold ETH and believes that ETH's value proposition is not the same as BTC's.

"Ethereum is not Bitcoin," explains Robinson. "It's not a financial instrument or hedge, except through its correlation with Bitcoin, although it does create access to financial instruments and hedges. Ethereum's value is entirely in its use case. We don't think adoption will be fast enough to drive ether['s price] upwards more quickly than bitcoin['s]."

Nisheta Sachdev, Managing Director at Luna Media Corporation, also says it's time to hold ETH, adding that she's "optimistic [about] Ethereum's ecosystem," adding that she's anticipating the approval of an ETH ETF.

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 45% feel that it's priced fairly.

Only 8% feel that it's overpriced.

"Ethereum has had absolutely enormous ecosystem growth, but the markets are not appreciating it yet," states Lex Sokolin, Managing Partner at Generative Ventures, who thinks ETH is underpriced.

Martin Frohler, CEO of Morpher, also believes ETH is underpriced.

"Ethereum is about to become the global settlement layer for financial transactions and real-world assets," claims Frohler.

Nick Ranga, Senior Cryptocurrency and Forex Analyst at ForexTraders.com, believes that ETH is priced fairly.

"With the SEC giving the go-ahead for the first [spot] bitcoin ETFs, attention now turns to the prospect of an Ethereum ETF," states Ranga. "It seems highly unlikely [spot] bitcoin ETFs would receive approval but not Ethereum counterparts."

Mitesh Shah, founder and CEO of Omnia Markets, Inc., also thinks ETH is priced fairly and believes that investors will shift their focus to ETH now that the spot bitcoin ETFs have been approved in the US.

"As the hype for the now-approved spot bitcoin ETFs pulls investors into the industry, I believe ETH will benefit as well as investors diversify their portfolios to include more crypto assets," explains Shah. "The interest in staking ETH has been growing, [as well]."

Dimitrios Salampasis, FinTech Capability Lead and Senior Lecturer for Emerging Technologies and FinTech at Swinburne University of Technology, is one of our few panelists who thinks ETH is overpriced right now.

"The Ethereum network is still undergoing numerous challenges despite the Merge," claims Salampasis, "resulting in users looking for alternative networks and offerings so as to avoid higher transaction fees and slower confirmation times."

Will Ethereum users leave the network to use Solana?

Two-thirds (66%) of our panelists say that crypto enthusiasts will use both Ethereum and Solana.

Almost one-fifth (18%) say Ethereum users won't leave Ethereum for Solana.

And 13% say that Ethereum users will leave the network to use Solana.

Gracy Chen, Managing Director at Bitget, believes crypto enthusiasts will use both networks.

"Whether it's Ethereum or Solana, each has its unique features and a dedicated user base," explains Chen. "Ethereum, compared to Solana, is indeed slower, and gas fees are higher. However, Ethereum boasts a higher total value locked (TVL), making projects on Ethereum more likely to attract attention and funds."

Ben Ritchie, Managing Director at Digital Capital Management Pty Ltd, also says crypto enthusiasts will use both blockchains.

"Solana is attractive for retail use due to its speed and cost-effectiveness compared to Ethereum," says Ritchie. "However, Ethereum's superior network security may make it a preferred choice for institutional investors. Therefore, we see Ethereum users stay whilst allocating some portion to Solana."

Akash Mahendra, Head of Developer Relations at Haven1, doesn't believe Ethereum users will leave the network just for faster and cheaper transactions.

"ETH users can already [make] cheaper/faster txs on [Ethereum] L2s," says Mahendra. "If they go to transact on Solana, it will be for different type opportunities, not cause txs are cheaper."

Jeremy Britton, CFO at BostonTrading.co, feels differently, though. He believes Ethereum users will leave the network for Solana and other blockchains, largely due to the cost of transactions on Ethereum.

"Loyalty only goes so far," deadpans Britton. "Some projects used to run on ETH and then either moved to a cheaper network or created their own. Nobody wants to buy a $200 NFT and pay $400 in ETH fees. Projects will move off ETH, and less demand will result in lower ETH prices until we reach equilibrium."

Will investors opt to buy native coins for Ethereum Layer 2 networks instead of ETH?

Almost half of our panelists (47%) think investors will buy both ETH and the native coins for Ethereum Layer 2 (L2) networks.

Just over one-third (34%) feel that more investors will opt to be Ethereum L2 coins over ETH.

"It is very possible that Ethereum Layer 2 networks steal some of Ethereum's lunch, but this is nothing new," explains Daniel Polotsky, founder and chairman of CoinFlip. "Investors are always looking for the next big thing, and it's easier for a minnow to multiply than an elephant. However, with lower market caps come higher risks; smaller projects and Ethereum Layer 2 networks carry significantly more risk than investing in the Ethereum network."

Futurist Joseph Raczynski also thinks investors will opt to buy native coins for Ethereum L2s but warns investors that "picking the right one is tough" in reference to the many native coins for Ethereum L2s on the market.

Sastanaqqam manager Samy Ben Bahmed thinks investors will invest in both ETH and native assets for Ethereum L2s.

"Investing in tokens from Layer 2 solutions can be a strategic move for diversification within the blockchain and crypto space," says Ben Bahmed, "especially for those looking to spread their investments across different aspects of the Ethereum ecosystem."

Alexander Kuptsikevich, Senior Market Analyst at FxPro, thinks investors will stick with ETH over native coins for Ethereum L2s — at least for now.

"In the coming months, investors' attention will remain on the largest and oldest coins," states Kuptsikevich. "The outperformance of younger projects is expected closer to the end of the year or only in 2025."

Meet the panel

Methodology

Finder surveyed 40 fintech specialists in January 2024. Panelists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 38 panelists gave their price prediction for ETH by year-end 2024, 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.

Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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