Ethereum (ETH) price prediction 2023

Finder analyses expert predictions each quarter and the last survey was conducted in January 2023 where a panel of 56 industry specialists gave their thoughts on how Ethereum will perform over the next decade. All prices mentioned in this report are in US dollars (USD).

Ethereum price predictions for 2023, 2025 and 2030

ETH is expected to close out 2023 at $2,184, according to the average prediction provided by Finder's panel of fintech specialists.

These specialists also predict ETH will hit $6,033 by 2025 and $14,316 by 2030.

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While many of our panellists are bullish on the price of ETH, some believe there’s more pain to come before its price rebounds.

“There is potential for more downside in the short term,” states Nick Ranga, senior cryptocurrency and forex analyst at AskTraders.

High inflation, elevated energy prices and an unstable geopolitical climate all contribute to difficult market conditions [but] we could see a return to riskier assets [like ETH] later in the year.”

Ruadhan O, creator and founder of Seasonal Tokens, is also optimistic that ETH’s price will bounce back before the year is out.

“When economic activity starts to pick up, the transaction costs on the Ethereum network will rise,” claims Ruadhan O. “This will force Ethereum users to buy more ETH, providing additional upward pressure on the price.”

Sathvik Vishwanath, CEO and co-founder of Unocoin Technologies Private Limited, is also positive on Ethereum’s future.

“More decentralised apps are being built on the Ethereum platform,” states Vishwanath, who believes that said apps – or dapps – will be used by more and more businesses, which should benefit the price of ETH.

Dapps are governed by smart contracts . Ben Ritchie, managing director of Digital Capital Management AU, noted that, “Ethereum continues to dominate the market as the leading smart contract platform.”

Because of this, Ritchie thinks the value of ETH will continue to increase even in current market conditions.

“Recent market challenges have sparked investor concern and may limit the price of Ethereum to reach $2,500 this year,” shares Ritchie.

Despite this, Ethereum's low annual inflation rate is expected to keep the price stable and above $900, even if future market disruptions occur.”

Aaron Rafferty, CEO of Standard DAO, is even more bullish on ETH – especially in the long-term.

“The last 2 years have been extremely positive fundamentally for Ethereum from EIP 1559 to the Merge, [which] when combined, caused a deflationary effect to the protocol,” claims Rafferty. “As more companies like Mastercard and Visa use the protocol and more scaling solutions are integrated over the next few years, we should see on-chain supply reduce exponentially in the long term to the point that it will be nearly impossible to buy [ETH] from an open exchange in 2030.”

Do you think now is the time to buy, hold or sell ETH?

Another 28% believe that holding the asset through these current market conditions is best while 16% recommend selling ETH now.

Many of our panellists feel that once the dust settles around the blow-ups in the crypto space in 2022, the price of ETH will experience an upswing.

For this reason, many of our panellists consider ETH a buy right now.

“[The] Ethereum deflationary narrative [that] was overshadowed by the FTX collapse and should play out strongly this year,” claims Alex Nagorskii, who works in funds management operations at DigitalX Limited. He thinks now is a good time to buy ETH.

Mitesh Shah, founder and CEO of Omnia Markets, also says ETH is a buy.

While the markets are experiencing some pessimism, I believe the rising optimism in the markets along with ETH staking will allow the price [of ETH to] begin to rise.”

Yves Renno, head of trading at Wirex, is a bit less optimistic than Nagorskii and Shah. He thinks, “the option market is very bullish on Ether. The call to put ratio is close to a factor of 3, and there is an open interest concentration around the 4,000 strike, indicating a very optimistic probability to reach this level [by the] end of Q3.”

Still, Renno believes ETH is a hold right now.

Kelly T. Slaughter, professor of practice at TCU, also feels that ETH is a hold right now due to its “increased utility”.

John Hawkins, senior lecturer at the University of Canberra, is one of the 16% of our panellists who think it’s time to sell ETH.

“It was surprising how little impact finally achieving the shift from PoW to PoS had on the Ether price,” shares Hawkins. “This showed how little impact fundamentals have on crypto prices.”

Do you think ETH is currently overpriced, underpriced or priced fairly?

28% feel that ETH is priced fairly while only 12% feel that ETH is overpriced.

“I believe the current price of ETH is undervalued and represents a good buying opportunity for long-term investors,” states Fraser Matthews, president of NetCoins.

Natalia Zakharova, head of operations at FXOpen, feels similarly.

Zakharova believes that ETH at its current price is a good buying opportunity due to the network’s move to the PoS consensus mechanism and the fact that institutions can now stake ETH to earn APY.

Some people have suggested any energy gains made by the move to PoS will be negated because the same computers will be repurposed to mine other cryptocurrencies. Do you agree?

Just over half of our panellists (51%) feel that the energy gains made by Ethereum’s move to PoS won’t be negated by the repurposing of computers that were used to mine ETH to mine other cryptocurrencies.

The remaining panellists were split down the middle: 24% were unsure as to whether the energy gains would be negated while 24% felt that the gains would be negated.

“Energy gains will not be [totally] negated due to mining of other cryptocurrencies,” claims Vetle Lunde, senior analyst at Arcane Crypto. “But, they will be somewhat negated as the GPUs may be used for alternative purposes in data centers.”

When do you think the flippening (when ETH overtakes BTC as the biggest crypto) will occur?

A little less than one-third of our panellists (30%) don’t think the market capitalisation of ETH will ever flip (be greater than) that of BTC.

10% see the market cap of ETH flipping that of BTC in 2024 while an additional 14% see it happening in 2025.

A further 18% see it happening by 2030.

While a number of our panellists feel that ETH will never flip BTC, many of them also offered commentary that highlighted why ETH has a greater value proposition than BTC.

“Ethereum is the base layer of innovation for the majority of DeFi and NFTs,” states Josh Fraser, co-founder of Origin Protocol.

As scaling solutions gain mass adoption, Ethereum will be used for less-financially driven data, such as identity and social coordination. It's at this point we could see Ether become a 6-figure asset.”

Pedro Febrero, VP of Web3 at RealFevr, points out how profitable it is to be a validator on Ethereum.

“Ethereum is the protocol that consumes the most fees,” says Febrero. “It generates the most revenue for its validators.”

And in conducting some technical analysis on the price of ETH compared to the price of BTC, Alexander Kuptsikevich, senior market analyst for FxPro, currently sees more promise in ETH.

“Ethereum looks to be more interesting than Bitcoin,” argues Kuptsikevich. “The long-term charts highlight the ability to set ever-higher lows from June 2022. Also, Ether has returned above the 200-week average, something Bitcoin cannot yet boast of.”

But, as we said, not all of our panellists are convinced that ETH’s value proposition will translate to its market cap one day being greater than BTC’s.

Atte-Ville Pentikäinen, OTC trader at CoinMotion, believes that the price of ETH is still correlated with the price of BTC.

BTC’s market cap is currently more than double that of ETH’s, so ETH would have a lot of catching up to do if it were to flip BTC.

Damian Chmiel, senior analyst and editor at Finance Magnates, sees the relationship between the price of BTC and ETH in a similar fashion.

“Ethereum's price is still dependent on Bitcoin,” claims Chmiel. “I expect ETH to rebound only when BTC starts to rise.”

Meet the panel

Methodology

Finder surveyed 56 fintech specialists in January 2023. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question, and 42 panellists gave their price forecast for ETH. 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 to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.