Will Ethereum Price Hit $5,000 Soon? — TradingView News

Share This Post

What is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain ecosystem that has its own cryptocurrency Ether. ETH is a versatile platform that supports numerous other cryptocurrencies, it could be used for the execution of decentralized smart contracts. 

Ethereum (ETH) was launched in July 2015 by co-founders Vitalik Buterin, Gavin Wood, Charles Hoskinson, and others. Investors can carry out transactions within the blockchain by paying fees with the Ether (ETH) used to reward Ethereum miners for keeping the blockchain active.

The number of transactions per second (TPS) within the Ethereum blockchain is 30. Ethereum developers are committed to ensuring that Ethereum 2.0 is released soon. This will solve the scalability challenge in the Ethereum blockchain. Once Ethereum 2.0 is released, the transaction per second will be over 10,000. 

The launch of the Ethereum blockchain has enabled creators to earn online and empowers users to interact with over 1000 decentralized applications (Dapps) developed on the Ethereum blockchain. Developers can also build on the blockchain, while users can send and receive ETH from anyone worldwide.

The decentralized nature of the Ethereum blockchain has enabled its users to create accounts without being censored to send, receive, borrow, lend, or stream funds from anywhere there is an internet connection. There are over 200 million unique Ethereum addresses presently.

Table of contents

  • What is Ethereum (ETH)?
  • Ethereum (ETH) Current Market Status
  • Ethereum (ETH) Price Analysis 2024
    • Ethereum (ETH) Price Analysis – Bollinger Bands
    • Ethereum (ETH) Price Analysis – Relative Strength Índice
    • Ethereum (ETH) Price Analysis – Moving Average Convergence and Divergence (MACD)
  • Ethereum (ETH) Price Prediction
  • Ethereum (ETH) Price Prediction 2024
    • Ethereum (ETH) Price Prediction – Resistance and Support Levels
  • Ethereum (ETH) Price Prediction 2025
  • Ethereum (ETH) Price Prediction 2026
  • Ethereum (ETH) Price Prediction 2027
  • Ethereum (ETH) Price Prediction 2028
  • Ethereum (ETH) Price Prediction 2029
  • Ethereum (ETH) Price Prediction 2030
  • Ethereum (ETH) Price Prediction 2040
  • Ethereum (ETH) Price Prediction 2050
  • Conclusion
  • FAQs

Ethereum (ETH) Current Market Status

The maximum supply of Ethereum (ETH) is infinite, while its circulating supply is 120,142,084 ETH, according to CoinMarketCap. At the time of writing, Ethereum is trading at $3,430 representing a 24-hour decrease of 1.09%. The trading volume of Ethereum in the past 24 hours is $22,211,279,376, representing a 40.22% decrease.

Some top cryptocurrency exchanges for trading Ethereum are Binance, Coinbase Pro, OKEx, Kraken, and Huobi Global.

Now that you know Ethereum and its current market status, we shall discuss the price analysis of Ethereum (ETH) for 2024.

Ethereum (ETH) Price Analysis 2024

Will the Ethereum blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect ETH’s sentiment over time? Read more to find out about ETH’s 2024 price analysis.

Ethereum (ETH) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). Think of Bollinger bands like a curb at both sides of the road and the price of the crypto as a vehicle traveling in the road. 

When the vehicle hits the curb, the driver steers in the opposite toward the center of the road. Likewise, the prices also move towards the center as they hit the upper or lower band. 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

Moreover, the Empirical law also known as the three-sigma rule or the 68-95-99.7 rule states that almost all observed data for a normal distribution will fall within three standard deviations. 

As such, for the normal distribution data set, 68% of data will fall within 1 standard deviation from the mean. 95% of data for the normal distribution will fall within 2 standard deviations from the mean while 99.7% of data will fall within 3 standard deviations from the mean.

The Bollinger band trend indicator turns green when ETH is on an uptrend and it turns red when ETH loses value. Currently, the Bollinger band trend indicator has turned green showing that Ethereum is on an uptrend. It is currently testing the upper band. There is a high chance that ETH could rebound off of the upper band and continue its upward trend. 

The Bollinger bandwidth percentile used at the bottom of the chart reads a value of 92%. This shows that the bands have expanded widely and there is a high chance that it could contract in the future.

Ethereum (ETH) Price Analysis – Relative Strength Índice 

The Relative Strength Índice is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price, within a selected time frame. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish.

The RSI shows a reading of 80 and the line is above the signal. However, the RSI has crossed into the overbought region and there is a high chance that it could fall back into the normal trading range. Nonetheless, if the buyers keep pushing the prices higher, ETH could reside in the overbought zone for an extended period. 

Simultaneously, the dotted lines show a divergence in the ETH chart. The RSI was making lower highs while the ETH was making higher highs. This is a bearish divergence where the rise in the price of ETH failed to show movement in the RSI indicator.

The chart uses the Relative Volatility Índice (RVI) which shows the volatility of Ethereum relative to the past 10 days. Usually when the RVI is higher than 50 then the volatility is towards the upside and if the RVI reading is less than 50 then the volatility is toward the downward direction.

Additionally, the indicator at the bottom of the chart is the Relative Volume (RVOL) indicator measures the current volume against the average volume. Currently, the RVOL shows a value of 0.28 which shows that the current volume is almost a quarter of the 10-day average volume of ETH. 

Ethereum (ETH) Price Analysis – Moving Average Convergence and Divergence (MACD) 

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-day EMA, and the shorter is the 12-day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive, that means the crypto is performing well, but if it’s negative, then it is losing value. 

To add more relevancy, the MACD has a signal line which is an SMA of the MACD. This helps the trader to understand how well ETH is doing. As such, when the MACD is above the Signal line ETH is considered to be bullish in the short term and when the MACD is below the Signal line ETH is considered to be bearish in the short term. 

Currently, the MACD reads a value of 223 and it is above the signal line. Hence, ETH is performing above average. Since ETH is deep in the positive zone, traders trying to take profit should wait until the MACD crosses below the Signal so that the maximum value is reached and thereby the profit is maximized. 

Ethereum (ETH) Price Prediction


The above analysis was done when ETH was trading at around $2,500. It was at the mid stages of phase E in the Wyckoff pattern. As per the analysis ETH was predicted to hit $3,500 with the completion of the Wyckoff pattern. However, the only question that lingered was whether ETH would take Line A or Line B on its trajectory toward $3,500.


As predicted in the above hypothesis, ETH is almost nearing the $3,500 target while completing the Wyckoff pattern. It rose along Line A and currently, it is rising vertically. When observing the blue dotted line which represents the gradient of the rise, it is quite evident that ETH has been gathering value abruptly. Hence, if this trendline is respected by ETH it could reach new levels.

Ethereum (ETH) Price Prediction 2024

ETH is currently rising along Line C. However, it is not clear whether Ethereum will be able to maintain this gradient. If ETH fails to rise along Line C, it may need support from Line A, or somewhere close to $2,000. However, there is a high chance that ETH could reach $4,800 with the ETH approval pending in a bull market full of hopes. But the question is how soon? 

Ethereum (ETH) Price Prediction – Resistance and Support Levels

As shown in the above chart Support 1 has been a great place of recovery for Ethereum’s downfall. Currently, ETH is testing the resistance 2 level, and ETH continues its exponential rise further, there is a high chance that it could reach resistance 3 and even resistance 4. 

March 2024$3,750$3,900$4,010
April 2024$3,980$4,000$4,020
May 2024$4,015$4,025$4,045
June 2024$4,030$4,050$4,080
July 2024$4,080$4,100$4,175
August 2024$4,200$4,250$4,350
September 2024$4,200$4,300$4,400
October 2024$4,475$4,550$4,750
November 2024$4,557$4,600$4,650
December 2024$4,775$4,800$4,950

Ethereum (ETH) Price Prediction 2025

Usually, it is the aftermath of Bitcoin’s price halving in 2024, that brings about the greatest spike. Hence, we could expect ETH to trade at a premium price. As a result, ETH may be worth roughly $8,000 by the end of 2025.

MonthMinimum PriceAverage PriceMaximum Price
January 2025$4,750$4,850$5,000
February 2025$5,050$5,150$5,250
March 2025$5,150$5,300$5,450
April 2025$5,500$5,600$5,700
May 2025$5,700$5,775$5,800
June 2025$5,800$5,900$5,950
July 2025$6,000$6,250$6,350
August 2025$6,750$6,800$7,000
September 2025$7,100$7,200$7,300
October 2025$7,450$7,500$7,700
November 2025$7,750$7,850$8,000
December 2025$7,400$8,000$8,500

Ethereum (ETH) Price Prediction 2026

As more and more institutional investors flock to the ETH platform, the cryptocurrency price will likely fall after a prolonged bull run ends in 2026. It would be a significant reversal of the trend, suggesting that the price of ETH may reach $4,950 by 2026. 

MonthMinimum PriceAverage PriceMaximum Price
January 2026$6,850$7,000$7,250
February 2026$6,900$7,100$7,150
March 2026$6,400$6,500$6,590
April 2026$6,600$6,660$6,690
May 2026$6,300$6,450$6,550
June 2026$5,750$5,900$6,000
July 2026$5,000$5,500$5,570
August 2026$4,900$5,000$5,050
September 2026$4,995$5,250$5,350
October 2026$4,890$5,010$5,050
November 2026$5,005$5,075$5,100
December 2026$4,900$4,950$5,200

Ethereum (ETH) Price Prediction 2027

The build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As a result, if investors remain hopeful, the price of ETH may continue to rise and may even breach previously established hurdles. Ethereum (ETH) may be worth $6,500.

MonthMinimum PriceAverage PriceMaximum Price
January 2027$4,500$5,000$5,010
February 2027$5,020$5,075$5,100
March 2027$5,050$5,150$5,200
April 2027$5,120$5,225$5,320
May 2027$5,280$5,375$5,400
June 2027$5,335$5,450$5,500
July 2027$5,290$5,350$5,380
August 2027$5,010$5,150$5,250
September 2027$5,500$5,800$6,000
October 2027$5,700$5,900$5,950
November 2027$5,800$6,000$6,250
December 2027$6,400$6,500$6,650

Ethereum (ETH) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, ETH may reciprocate its past behavior during the BTC halving. Hence, ETH would be trading at $8,200 after experiencing a considerable surge by the end of 2028. 

MonthMinimum PriceAverage PriceMaximum Price
January 2028$6,450$6,500$6,600
February 2028$6,575$6,600$6,710
March 2028$6,660$6,750$6,800
April 2028$6,350$6,500$6,698
May 2028$6,780$6,890$6,950
June 2028$6,670$6,780$6,950
July 2028$6,970$6,995$7,100
August 2028$6,950$7,050$7,075
September 2028$7,100$7,125$7,300
October 2028$7,000$7,250$7,350
November 2028$7,440$7,600$7,780
December 2028$8,000$8,200$8,450

Ethereum (ETH) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Ethereum (ETH) could be trading at $16,500 by 2029.

MonthMinimum PriceAverage PriceMaximum Price
January 2029$7,800$8,000$8,150
February 2029$8,050$8,100$8,500
March 2029$8,150$8,250$8,350
April 2029$8,300$8,450$8,600
May 2029$8,550$8,700$8,750
June 2029$8,350$8,550$8,600
July 2029$8,890$9,000$9,500
August 2029$11,900$12,000$12,650
September 2029$13,750$14,000$14,500
October 2029$12,900$13,500$14,000
November 2029$12,100$12,500$13,000
December 2029$14,000$16,500$17,500

Ethereum (ETH) Price Prediction 2030

After witnessing a bullish run in the market, Ethereum and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Ethereum (ETH) could be trading at $12,000. 

MonthMinimum PriceAverage PriceMaximum Price
January 2030$14,550$15,000$15,560
February 2030$14,000$14,500$14,600
March 2030$13,900$14,000$14,250
April 2030$14,100$14,125$14,150
May 2030$13,500$13,850$13,900
June 2030$13,480$13,500$13,670
July 2030$13,275$13,350$13,500
August 2030$13,100$13,225$13,300
September 2030$12,900$13,000$13,150
October 2030$12,350$12,500$12,750
November 2030$12,125$12,250$12,500
December 2030$11,900$12,000$12,500

Ethereum (ETH) Price Prediction 2040

According to our long-term Ethereum price estimate, Ethereum prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $25,000 by 2040. If the market becomes bullish, the price of Ethereum may increase beyond our 2040 forecast.

Minimum Price$24,500
Average Price$27,000
Maximum Price$30,000

Ethereum (ETH) Price Prediction 2050

According to our Ethereum forecast, the average price of Ethereum in 2050 might be above $32,000. If more investors are drawn to Ethereum between these years, the price of Ethereum in 2050 could be far higher than our projection.

Minimum Price$30,000
Average Price$32,000
Maximum Price$33,000


If investors continue showing their interest in Ethereum and add these Coins to their portfolio, it could continue to rise. Ethereum’s bullish price prediction shows that it could reach the $4,800


What is Ethereum (ETH)?

Ethereum is one of the top-ranked blockchains for decentralized applications (DApps) development. The native token of the Ethereum network is denoted as ETH. Ethereum is an open-source platform that the Ethereum Foundation funded.

How to buy Ethereum Token?

Like other cryptocurrencies, Ethereum (ETH) can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, FTX, Kraken, and others.

Will Ethereum surpass its present ATH?

Since Ethereum provides its investors with mining rewards, it has a possibility of surpassing its present all-time high (ATH) price of $4891.70 in 2028.

When was Ethereum launched?

It was launched in July 2015.

Where do I store Ethereum Token?

Ethereum can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the Ethereum (ETH) price in 2024?

Ethereum is expected to reach $4,800 by 2024.

What will be the Ethereum (ETH) price in 2025?

Ethereum is expected to reach $8,000 by 2025.

What will be the Ethereum (ETH) price in 2026?

Ethereum is expected to reach $4,950 by 2026.

What will be the Ethereum (ETH) price in 2027?

Ethereum is expected to reach $6,500 by 2027.

What will be the Ethereum (ETH) price in 2028?

Ethereum is expected to reach $8,200 by 2028.

What will be the Ethereum (ETH) price in 2029?

Ethereum is expected to reach $16,500 by 2029.

What will be the Ethereum (ETH) price in 2030?

Ethereum is expected to reach $12,000 by 2030.

What will be the Ethereum (ETH) price in 2040?

Ethereum is expected to reach $27,000 by 2040.

What will be the Ethereum (ETH) price in 2050?

Ethereum is expected to reach $32,000 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Related Posts

Binance US onboards ex-New York compliance chief

Crypto exchange Binance.US named Martin Grant, a former...

Avalanche (AVAX) Pumps 10% as New P2E Token ICO Raises $2m

Avalanche (AVAX) is in the spotlight today after...

Will Ripple vs. SEC settle soon? XRP price under pressure

In today’s pivotal meeting between Ripple and...

‘We Sold Everything Last Night’, Reveals Crypto Research Firm

Markus Thielen of 10x Research unveiled a significant...

US Treasury ‘Bending Old Laws Past Their Breaking Point’ in Tornado Cash Case: Coinbase

Paul Grewal, Coinbase's chief permitido officer, said Monday...