Ethereum comes second to bitcoin in capitalization and is the world’s biggest altcoin. The currency went on an unprecedented Bull Run in 2021, attaining its highest price. But it has had a fair share of problems, including making new lows in June 2022. But the asset’s future looks bright and has given investors hope for price spikes
The coin was developed by programmer Vitalik Buterin in 2013. Its crowdfunding commenced in 2014 and went live in 2015. It is an open blockchain featuring smart contract functionality. It is a digital currency that is used for global applications. It allows people to build Dapps (decentralized applications). It started trading in 2015, but it was in 2018 that it experienced a massive bull run of 1,300%. In 2016, it experienced a significant correction that made it lose more than half its value to close at $8. So what does eth price prediction 2025 look like?
How Is Ethereum Now?
Since then, ETH has gone through a difficult time with ups and downswings. Currently, the digital asset is priced at $1,219. But it still shows that there is upside potential. During its 2021 bull run, it was forecast that it would attain the $4,000 mark. But it encountered heavy resistance that made it difficult to attain the mark. The soaring inflation and the Russian-Ukraine war have significantly impacted the currency. In June, it dipped past $900, so the current price indicates that the currency is picking up momentum, and investors are hoping it will emulate the 2018 trend that saw the price surge upward two times.
What Is Ethereum’s Price Prediction In 2025?
Since 2017, the ETH price continued to surge and attained a price of $1,430 in January 2018. During the lockdown, it plummeted to $97 due to global lockdown. The dip was temporary, and it embarked on an upward trend that saw it attain a price of $481. The price surge continued until it attained $4,300 before it temporarily lost its value by 60%. In 2021, it surged again and reached $4,840 in November. This was the highest value it had ever attained.
So going by history, it may be difficult to accurately predict its price in 2022 especially looking at the current market volatility. Analysts feel that the currency may start rising once again and will bounce up again and attain $4,000 by the end of 2022. They opine that the currency will likely encounter some strong resistance at the $4,000 mark.
The fact that it has transitioned to the 2.0 platform could make mining it more affordable, so users are likely to pay a lower service fee. The 2.0 platform will support about 1000 transactions per second, making it more efficient and affordable. The platform saves on power usage and is meant to increase its user base.
Also, the fact that many governments are preparing laws to govern the usage of cryptos means that currencies such as ETH will be getting more adoption in the coming years, which is likely to increase the prices. In addition, there are efforts to make Ethereum secure from counterattacks and sustainable to the environment.
The above developments are likely to catapult prices of Ethereum up, including the new retest support of 4840 as it moves towards a new resistance level of $6,000.
Note that other than these developments, many non-fungible tokens are held on the Ethereum blockchain. Some of the NFTs have generated millions of dollars; thus, further expansion of the NFT markets implies further adoption and price increases.
Looking at Ethereum price chats, it is clear that the currency experiences surges followed by severe dips. So going by 2013, 2017, and 2021 price movements, we expect the prices to increase in 2023, 2024, and 2025. There are views that it may attain new ATHs in 2025.