Ether Jumps Over $2.4K as Traders Bet on Possible Ether ETF Next - The Stock Market News (2024)

FAQs

What is the Ethereum update for 2024? ›

Two major upgrades are expected to significantly impact Ethereum in 2024: the Dencun and Petra updates. The Dencun upgrade, implemented in March 2024, introduces proto-dank sharding (EIP 4844), which aims to lower transaction fees and improve network efficiency.

The prospect of Ethereum (ETH) hitting the $10,000 mark has sent ripples of excitement across the crypto community. The convergence of these factors suggests a promising future for Ethereum (ETH), reinforcing its position as a leading cryptocurrency with significant growth potential.

By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500. The current year will witness the Dencun upgrade, which is anticipated to positively boost the value of ETH.

Ethereum's chart doesn't support moving to $100k in the coming years. While ETH to $100,000 might happen at a certain point in time, it won't happen before 2030, is what we confidently can say. Here is a path to $10,000 though.

Our real-time ETH to USD price update shows the current Ethereum price as $3,696.21 USD. Our most recent Ethereum price forecast indicates that its value will increase by 1.25% and reach $3,742.43 by June 12, 2024.

Can ethereum reach $50,000? Ethereum prices could surpass $50,000 by 2030 in a best-case scenario, according to VanEck. But that would require a significant rise in activity on the ethereum blockchain over the next six years. When more apps are running on the blockchain, increased fee revenue is generated.

That being said, it is a 100% return from current levels and, therefore, will be a difficult target to hit. The Digital Coin Price Ethereum forecast calls for the market to be relatively flat through most of 2023 but does have an Ethereum Price Prediction of higher levels in 2024, breaking the $3000 level.

If ETH reaches $166,000 per token by 2030, it would create huge gains. Specifically, an investment of $1,000 would be worth $54,330.

ETH Price Predictions: For June 2024, Ethereum price is expected to trade between $3700 to $4000, with significant resistance anticipated between $4000 and $4230; breaching this range could lead to new all-time highs, while $3500 is expected to serve as strong support.

If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction. If Wood is correct and Bitcoin reaches $3.8 million, a $100 investment in Bitcoin today would be worth $5,510 in 2030. This translates to a compounded annual growth rate (CAGR) of over 95%.

Will Ethereum reach $15,000? ›

Drawing parallels from previous cycles, a hypothetical 200% gain from its last high could see Ethereum reaching around $15,000 per coin. For current buyers, this represents a potential 500-600% gain, a lucrative yet relatively low-risk bet in the volatile crypto market.

By 2017, Ether had gained popularity and reached the $100 mark in May 2017. By the end of 2017, Ether had reached a value of $774.69 and within the first week of 2018, it crossed the $1000 mark.

Assuming a hypothetical target of $100,000 for bitcoin, Ethereum would hit $14,750 using the 2017 metric high and $8,800 using 2021's high. Between bitcoin and ether, I don't believe there is a bad option if you're looking to gain exposure to the leading platforms and assets of Web3.

Our most recent Ethereum Classic price forecast indicates that its value will increase by 5.93% and reach $26.97 by June 17, 2024. Our technical indicators signal about the Bearish Bullish 33% market sentiment on Ethereum Classic, while the Fear & Greed Index is displaying a score of 74 (Greed).

Ethereum (ETH) Price Prediction 2030

According to your price prediction input for Ethereum, the value of ETH may increase by +5% and reach $ 4,643.58 by 2030.

According to analysts, we can expect a surge in Ethereum in 2024. Due to Ethereum's popularity, the price is expected to reach €2,239.73 in September. By the end of 2024, Ethereum could even reach a price of €5,538.37.