Ethereum Price Prediction – Will ETH Price Hit $5,000 in 2022?

Ethereum Price Prediction
  • Bullish Ethereum price prediction ranges from $1,456.70 to $4,766.67.
  • ETH price might also reach $5,000 soon.
  • ETH bearish market price prediction for 2022 is $848.75.

This Ethereum (ETH) price prediction 2022 article is based on technical analysis alone. Below, you will see the confluences that we have taken into consideration upon coming up with our ETH price analysis and prediction.

Ethereum is one of the most impressive cryptocurrencies in 2021 after yielding over 100% profit to its holders. If 2017 initial coin offerings (ICO) like EOS, then 2021 is the year of Ethereum since it attained its present all-time high price of $4891.70 on November 16th, 2021.

Recently, Ethereum’s London Hard Fork upgrade went live. Notably, the Hard Fork happened at a block height 12,965,000. Moreover, the hard fork has also rolled out five new ETH Improvement Proposals (EIPs). However, EIPs 1559, 3554, 3529, 3198, 3541 are code upgrades that aim on improving the user experience of ETH’s network.

But will Ethereum be a good investment in 2022? Or will its story be like how ICOs ended after the 2017 bull run? Let’s find out in this CoinQuora ETH price analysis and Ethereum price prediction 2022.

What is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain system that enables its own cryptocurrency, Ether. Moreover, the ETH works as a platform for many other cryptocurrencies, as well as for the execution of decentralized smart contracts.

More so, Ethereum was first explained in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014 and officially launched the blockchain on July 30, 2015. Its price at the ICO was $0.311.

Even more, Ethereum’s own purported goal is to become a global platform for decentralized applications, enabling users from all over the world to write and run software that is resistant to censorship, downtime, and fraud.

Ethereum (ETH) Current Market Status

As of the time of writing this Ethereum technical analysis, ETH trades at $2,501.35 with a 24-hour trading volume of $31,469,392,702. However, the price of ETH has decreased by 10.22% in the last 24 hours.

Furthermore, ETH has a current circulating supply of 119,264,647.37 ETH. Currently, the top crypto trading platforms for ETH are Binance, FTX, Bitfinex, Huobi Global, BitZ, Bybit, and OKEx.

Now, let’s proceed to the next part of this ETH technical analysis for 2022.

Ethereum (ETH) Price Analysis 2022

Would the recent development and changes in the ETH’s blockchain help the cryptocurrency price to grow higher? Let’s take a look into the charts in this ETH price prediction article.

ETH/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for ETH/USDT, we can deduce that the price of Ethereum (ETH) might get bullish in some days since the price is in the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

ETH/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 31.38.  This shows that ETH is showing a weak trend since its RSI lies between 30 and 50. This value can trigger a bullish run if investors reposition themselves either toward the buyers.

Ethereum (ETH) Price Prediction 2022

The chart below shows that Ethereum has performed great over the past few days. However, the ETH price shows a bullish signal and has gained 7.1% in the past 24 hours. If this trend continues, ETH might run along with the bulls, breaking its $1456.70 resistance1 level and going higher to $4766.67 at resistance7, the 2022 bullish signal.

ETH/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors do not favor crypto, the bears might take over and pull ETH from its uptrend position. In simpler terms, the price of ETH might decrease to almost $848.75, a bearish signal.

Meanwhile, our long-term Ethereum (ETH) price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $4891.70 according to CoinMarketCap this year. Moreover, ETH can hit ATH only if it breaks many previous psychological resistances.

If this bearish trend reverses, Ethereum will reach $4,766.67 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $1,456.70. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $5,000 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Ethereum (ETH) Price Prediction 2023

With the increase in the number of projects that are launched in the Ethereum protocol, there will be continuous demand for Ether which could make the price get to $10,000 in 2023.

Ethereum (ETH) Price Prediction 2024

As per the latest upgrades, developments, ETH price prediction, and new project forecasts of the platform, ETH investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ETH in the crypto market, and it will be the best investment as the price can spike and reach around $12,500.

Ethereum (ETH) Price Prediction 2025

In the next three years, ETH price could race up to $20,000. However, reaching this level could not be so difficult for ETH as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ETH has a high possibility of reaching new ATH soon in the next three years as per the prediction.

Ethereum (ETH) Price Prediction 2026

Irrespective of the corrections the market experiences, the price of ETH could get to at least $30,000 by the end of 2026 though there is a high sentiment that it could be surpassed.

Ethereum (ETH) Price Prediction 2027

As per the latest upgrades, developments, ETH price prediction, and new project forecasts of the platform, ETH investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of ETH in the crypto market, and it will be the best investment as the price can spike and reach around $45,000.

Ethereum (ETH) Price Prediction 2028

In the next six years, ETH price could race up to $60,000. However, reaching this level could not be so difficult for ETH as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ETH has a high possibility of reaching new ATH soon in the next six years as per the prediction.

Ethereum (ETH) Price Prediction 2029

As per the latest upgrades, developments, ETH price prediction, and new project forecasts of the platform, ETH investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of ETH in the crypto market, and it will be the best investment as the price can spike and reach around $80,000.

Ethereum (ETH) Price Prediction 2030

In the next eight years, ETH price could race up to $100,000. However, reaching this level could not be so difficult for ETH as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ETH has a high possibility of reaching new ATH soon in the next eight years as per the prediction.

Conclusion

Ethereum has a bright future ahead of it in 2022. With ongoing developments happening within the ETH ecosystem and the overall crypto market, we may see ETH reach new heights.

Even more, the bullish Ethereum (ETH) price prediction 2022 is $4,766.67. As said above, it may even reach a new ATH if investors have decided that ETH is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin. Moreover, it has a chance to reach $5,000 in the latter parts of this year as well.

FAQ

What is Ethereum (ETH)?

Ethereum is the second-biggest cryptocurrency by market capitalization, after Bitcoin. Ether (ETH) is the native token of Ethereum.

How to Buy ETH Tokens?

Users can obtain ETH tokens by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.

Will ETH Surpass its Current ATH?

Ethereum is a good investment in 2022. In addition, ETH has a high possibility of surpassing its current ATH at about $4,766.67 this year.

Can ETH reach $5,000 soon?

Yes, it’s very much possible that ETH might reach $5,000 in the near future as per the current bullish trend.

What will be the Ethereum price by 2022?

Ethereum (ETH) price is possible to reach $4,766.67 by 2022.

What will be the Ethereum price by 2023?

Ethereum (ETH) price is possible to reach $10,000 by 2023.

What will be the Ethereum price by 2024?

Ethereum (ETH) price is possible to reach $12,500 by 2024.

What will be the Ethereum price by 2025?

Ethereum (ETH) price is possible to reach $20,000 by 2025.

What will be the Ethereum price by 2026?

Ethereum (ETH) price is possible to reach $30,000 by 2026.

What will be the Ethereum price by 2027?

Ethereum (ETH) price is possible to reach $45,000 by 2027.

What will be the Ethereum price by 2028?

Ethereum (ETH) price is possible to reach $60,000 by 2028.

What will be the Ethereum price by 2029?

Ethereum (ETH) price is possible to reach $80,000 by 2029.

What will be the Ethereum price by 2030?

Ethereum (ETH) price is possible to reach $100,000 by 2030.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Recommended Articles



Post a Comment

[blogger]

MKRdezign

Contact Form

Name

Email *

Message *

Powered by Blogger.
Javascript DisablePlease Enable Javascript To See All Widget