Ethereum Price Correction; This Is How To Profit

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Contents

Ethereum (ETH) Price Prediction For 2020, 2025, and 2030

The second most popular and the #1 platform for smart contracts, Ethereum blockchain with its native ETH or Ether coin, now seeks to overcome the network scalability and blockchain bandwidth.

2020 was not very successful for ETH cryptocurrency. Now Ethereum recovers after an unsuccessful rally of Bitcoin in 2020. The price peak was fixed in July at more than $300. How analysts react on Ethereum price changes? What is the Ethereum price prediction for 2020? Here is our ETH forecast for 2020, 2025, and 2030.

ETH Market Data

Price in USD $145.11
Price in BTC 0.02100725 BTC
Market cap. $16,015,194,476
Circulating supply 110,365,019 ETH
ROI since genesis 5,024.67%
All-Time-High $1,432.88 USD
All-Time-Low $0.420897 USD

The above data is valid and relevant as of April 3rd, 2020.

Let’s re-examine the project once again and overview different Ethereum (ETH) price predictions for 2020, 2023 and 2025 and find key points for the asset value to grow regardless of the cryptocurrency market trends.

Ethereum Latest News

#1. Vitalik Buterin hinted at the possibility of a merger of Ethereum Classic and Ethereum 2.0

Integrating the Ethereum Classic blockchain into the Ethereum 2.0 ecosystem as a separate shard is technically feasible. This was stated by Ethereum co-founder Vitalik Buterin.

You can use the same merge process to import the ETC state that you plan to use for ETH. The ETC runtime code will set the exchange rate relative to ETH in the Beacon Chain based on the rate at the time of the merger or using some other predefined formula.

Vitalik Buterin on Reddit

In addition, such a shard will allow you to copy the functioning mechanisms of various blockchains, as well as implement various sets of rules to create runtime environments that meet the needs of users.

Buterin believes that after Ethereum switches to the Proof-of-Stake algorithm, the appearance of yet another ETH chain along with ETC may turn out to be excessive, and therefore does not exclude that ETC holders may want such a merger since in the case of such a scenario they will receive their wallets are proportional to the number of ETH coins.

#2. The cost of transactions in Ethereum applications exceeded $12.8 billion

In 2020, the total transaction value in decentralized applications based on the Ethereum blockchain reached $ 12.8 billion, exceeding similar indicators in the EOS ($ 6.1 billion) and TRON networks ($ 4.4 billion). This is evidenced by the Dapp Review study.

We just published the 2020 Dapp Market Report, covering the following topics!

1. Current state of dapps ecosystem on each protocol
2. Observation and analysis on trending topics (e.g. DeFi, NFT and games)
3. Data-driven insights and outlooks for 2020https://t.co/gjuE2OzSu8

Ethereum vs Competitors

Cryptocurrencies like EOS, Tron, Tezos, Stellar, Cardano and NEO are actively striving to replace Ethereum as the smart-contract platform leader or share the market by avoiding the technological issues problems it has encountered in the past. However, the current market cap of Ether is $19,357,015,591, which is 5.5 times larger than EOS, the closest competitor.

Ethereum (ETH) vs Competitors Snapshot. Source: Coin360.com

Ethereum (ETH) 2020 Historical Price Analysis

In terms of price fluctuations, the cryptocurrency market had a difficult year in 2020. It was also challenging for the third-largest market capitalization cryptocurrency – Ethereum, which has reclaimed its #2 position in terms of market capitalization.

Ethereum wins over Ripple’s XRP by market capitalization in Q1 2020.

In comparison to the 2020 price drop from

$1,000 to $140 USD per ETH, Q1-Q3 of 2020 ETH price fluctuations look more promising.

Ethereum (ETH) Price Performance in 2020

The Ethereum’s price was following the cryptocurrency market trend in 2020 with a moderate growth from $152 to $180 per Ether with the All-Time-High of $351 USD on 26 of June. In August, the price of Ethereum cryptocurrency began to fall like the whole crypto market.

ETH coin finished its performance in 2020 with a price of $129. In 2020 Ethereum (ETH) price has begun to rise. At the moment, the price of one Ether coin is $188.

Ethereum (ETH) Fundamental Value

Ethereum blockchain is a crypto that was based on unique technology. The coin was not a classic Bitcoin fork. This digital currency came as a result of multiple attempts to make the best bet as a Bitcoin alternative. One of the prominent advantages were so-called smart contracts.

Learn more about smart contract functionality in a related article.

Here are some of the ways of use of Ether (ETH) Coin:

  • To pay for transaction fees inside Ethereum’s blockchain
  • Different projects use Ether as collateral for their finance applications like ETHlend, MakerDAO, Nexo, NUO Network, etc.
  • Actively used as a payment option in numerous stores and service providers, find a list of business here.
  • Used as an entry gateway for Ethereum-based tokens, decentralized exchanges (DEX), crypto games, different dApp services, as a reward for bounty programs, etc.
  • Speculations from the cryptocurrency trading markets

After the release of Serenity 2.0, there will be special validator nodes to receive rewards in Ether and then re-invest it back in their business.

Also, Mr. Vitalik Buterin Impact

The creator and main ideologist of Ethereum is a Canadian developer of Russian origin Vitalik Buterin. Ethereum as a cryptocurrency appeared at the end of 2020, and the launch of the main network occurred on July 30, 2020. Vitalik was one of the reasons why Ethereum has received great love and support on all levels around the world.

Ethereum 2020 Popularity Trend

The peak of attention to Ethereum was recorded between July 14 and 20, 2020, when Vitalik Buterin announced his intention to use the Bitcoin Cash blockchain to increase network bandwidth before the release of Ethereum v2.0, when it’ll be solved on its native blockchain.

Analysts on Ethereum Price Projections in 2020

One of the most famous crypto bloggers The Crypto Dog has stated that Ethereum price is gaining momentum right at the beginning of 2020:

Well, as far as we may know, the price predictions of analysts are extremely positive. Some of them even predict the price of $350 as soon as possible.

SatoshiFlipper claims that Ethereum is on the important support level now. According to the blogger, ETH will test new heights only if bitcoin price will go up.

Here’s what we’re looking at with $ETH on LTF.

Important support level here.

If $BTC closes above 8600 today, #Ethereum will see a nice bounce here. pic.twitter.com/YSBBNI4Tcc

Antiprosynth can argue with a previous narrator. He thinks, that Ethereum may overcome Bitcoin in some years.

I doubt they’ll be outsized compared to Ethereum. In fact I think that the probability that Ethereum overtakes Bitcoin’s #1 market cap position is well above 50%.

Ethereum (ETH) Price Predictions 2020-2025

A huge number of crypto enthusiasts, miners, traders, and investors are closely watching the price of ETH 2020. They are waiting ETH price will recover as soon as possible to its previous dominant values after the network issues will be solved. Are you looking for ETH future price prediction in 2020-2025? Let’s look at the Ethereum price predictions for late 2020, 2021, 2022 and further years given by experts and forecasting services.

#1. WalletInvestor’s Ethereum (ETH) Price Predictions for 2020-2025 years

The views of this value forecasting service are usually negative if the coin has shown a decreasing trend for a long time. WalletInvestor believes that in a year Ether cryptocurrency will go up to $270 and will hit $844 USD per ETH in 2025 only. Pretty bullish.

#2. CoinSwitch ETH Predictions for 2020-2025

They predict Ethereum to grow for $484 per coin and the subsequent bull rally to $1449 level at the end of 2020. Well, the first part of the plan has not yet been realized, let’s hope the second part of the forecast is soon to happen.

It is expected that during 2020-2022 the Ethereum coin will be able to reach the level of $2480 and hold it until 2025 when the price will get to the level of $3844 per ETH. Ethereum price will definitely go up!

#3. Bobby Ullery’s Ethereum Price Prediction for 2020

In his Ethereum price forecast Bobby Ullery, blockchain & Ethereum’s evangelist, believes that the total cryptocurrency capitalization in 2020 will reach $4.5 trillion and 25% of the market will be divided between BTC and ETH. Based on this assumption, Bobby predicts that in 2020, 1 ETH will cost $11,375!

My thoughts on FOMO and what BTC & ETH could be worth in 2020: https://t.co/FQtKnTbh2a

— Bobby Ullery �� Bobby.eth �� (@bobbyullery) June 13, 2020

#4. LongForecast Eth Price Forecast for 2020, 2021, 2022, 2025 and 2030

According to LongForecast, during 2020-2022 Ethereum coin will systematically fall and only in 2023, it will close at the level of $230, without having overcome the current resistance level of $240 dollars. These analytic algorithms… so cruel.

#5. Tom Lee and Joseph Raczynski Predictions About Ethereum

As for the accurate Ethereum (ETH) price forecast 2020, the opinions of experts vary. Tom Lee believes that Ether price trend will be a reversal and will subsequently “grow strongly.”

Meanwhile, the Ethereum price expectations by Joseph Raczynski sight (Joe Technologist founder) are different. He expects, that Ethereum (ETH) price trends and prediction in 2020 will be also positive but rise maximum to $1200. The success of the coin, in his opinion, could be achieved due to the influx of large capital and the fact of talented developers in the team.

Both experts are bearish, let’s hope they’re right in their Ethereum price projections.

#6. Ethereum (ETH) Price Prediction for 2025 and 2030

According to CryptoGround source, in the middle of 2020 ether price will be around $229.0892. Before 2021, ETH coin is estimated to be $256.6986. In 2025, the Ethereum rate will be up to $1,445.2.

Consequently, the price of the Ethereum cryptocurrency can double by the end of 2030.

Final Thoughts

That’s are our Ethereum price expectations. Most experts agree that in 2020 Ether’s price will increase slightly and we should not expect the late 2020-like growth and a 140-fold increase (from $10 to $1400) will no longer take the place.

We believe that Ethereum-based projects will strengthen the ETH position on the market and provide the basis for further growth.

What is the Ethereum price in 10 years, in 2030? It is difficult to make an accurate prediction. All experts agree on one thing: the ETH price will grow steadily over the coming years.

Summing all the above, this is a good asset for the long-term investment, which could bring good profit for the people who have patience. HODL?!

Here you can swap ETH coin to USD, BTC, LTC, XRP, DASH, BNB, ETC, XRP, and more.

Ethereum F.A.Q.

Where to Buy Ethereum?

There are many platforms to buy and trade ETH cryptocurrency. You can purchase Ethereum tokens using your credit card (USD, EUR, GBP) on Changelly!

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Is Ethereum Dead?

Ethereum can degrade if the developers will not improve scalability. Moreover, Ethereum has a lot of competitors such as Tron and EOS, which develops dApps.

Will Ethereum Go Up?

Ethereum price went up and down during all last year. Now we can see the ETH coin price is going up. So, HODL?

Is Ethereum a Good Investment?

Ethereum is the second-largest cryptocurrency, so the answer is yes. Ethereum cryptocurrency is constantly developing so price stability is guaranteed. By the way, the price is not as high as Bitcoin’s. It makes Ether affordable for purchase.

Is Ethereum Better Than Bitcoin?

These two cryptocurrencies have the highest market capitalization. Bitcoin was the very first real cryptocurrency, and it has been in circulation since 2009. Ether is a new development, which was born in 2020. Ethereum is certainly faster than bitcoin. Transactions in Ethereum take a few seconds, not minutes like in Bitcoin.

The Ethereum network also allows you to create other cryptocurrencies or tokens, using the same protocol as for Ether but distributing it on various blockchains that can be public or private.

Sustainable growth will ultimately depend on useful dApps. More and more companies are accepting Bitcoin as a payment method, and more and more services are using the Ethereum network.

When Was Ethereum Launched?

The Ethereum blockchain platform was launched on July 30, 2020.

Who Created Ethereum?

Ethereum platform was created in 2020 by a twenty-year-old Canadian programmer of Russian origin Vitalik Buterin in collaboration with Gavin Wood.

Is Ethereum Proof of Stake?

Initially, Ethereum used a proof-of-work algorithm. The developers have already launched Ethereum 2.0 proof of stake testnet.

Is Ethereum Decentralized?

Ethereum is a global, decentralized platform for money and new kinds of applications.

Why Ethereum Will Fail?

No one can definitely say whether the Ether project will fail or succeed. The idea is great. It has inspired a lot of projects. However, the cryptocurrency market (as any financial market) is volatile so we can’t be 100% sure about any crypto project future.

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.

Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.

About Changelly

Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2020, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.

ethereum price

Relative ETH Prices

Ethereum Price Guides

Live Price

Ethereum Price History

Bitcoin Price

How to Buy Ethereum

Ethereum Price Performance

Period Change Change (%) High Low
1h $0.202034 0.14% $143.81 $142.73
24h $2.1111 1.50% $146.60 $140.24
1w $14.80 11.53% $150.05 $123.81
1m $-90.57 -38.73% $252.70 $88.02
3m $7.3500 5.41% $289.57 $88.02
1y $-19.83 -12.16% $365.76 $88.02
all $140.28 4,676.05% $1,385.02 $0.420000

Ethereum Stats

ETH Price Today USD $ 143.28
Circulating Supply 110,391,340 ETH
24h Volume ( USD ) $ 27,120,358 USD
Days Since ATH 813

ETH Price Update

The price of Ethereum (ETH) today is $143.28 USD, which has increased by 2.1112 (1.50%) over the last 24 hours. The total number of ETH coins in circulation stands at 110,391,340 and $27,120,358 USD has been traded for the ETH/USD pair across exchanges over the last 24 hours.

About Ethereum

Ethereum was first conceived in 2020 by its founder, Vitalik Buterin. The Ethereum whitepaper described the blockchain as an evolution of Bitcoin’s, enabling not only payments but “smart contracts” too.

Using Ethereum’s “Turing complete” smart contract language, Solidity, developers are able to deploy a set of instructions to the blockchain that operate indefinitely with a high degree of finality and fraud-resistance. With the first block being mined in July 2020, Ethereum has since become the largest smart contract platform of its kind, and the second largest blockchain of all time as measured by market capitalization.

The rapid price increase of Ethereum has not only attracted investors but developers too. Ethereum has tens of thousands of developers in its open source community, each contributing to the many layers of the “Ethereum stack”. This includes code contributions to the core Ethereum clients, second layer scaling tech and the “decentralized applications” (dApps) that are built on top of the platform. The appeal of Ethereum to developers is unique in that it was the first platform to allow anyone in the world to write and deploy code that would run without the risk of censorship. The community of developers which have formed around these core principles have led to the creation of technologies that could not have existed without the inception of Ethereum, many of which were never predicted. Some of the major use-cases of Ethereum so far have been:

  • Decentralized Finance (DeFi) – lending, borrowing and countless derivatives are being deployed through Ethereum smart contracts, where the Ethereum blockchain acts as a trustless intermediary
  • Initial Coin Offerings (ICOs) – crowdfunding through the sale of tokens
  • Crypto-collectibles – non-fungible tokens (NFTs) whose scarcity is enforced by the blockchain
  • Stablecoins – fiat-pegged cryptocurrencies (collateralized or fiat-backed) with their stability enforced by smart contracts

These are just a handful of the applications conceived for Ethereum; the most powerful use cases of this blockchain are yet to be imagined. Ethereum’s challenge now is in garnering of mainstream appeal, something which has so far eluded the platform due to the friction between the traditional and crypto spheres.

Read more about the Ethereum blockchain, mining and its surrounding ecosystem in our guide to What Is Ethereum?

Ethereum Price History

The price of Ethereum has fluctuated wildly in its short history. At its launch in July 2020, the price of an Ethereum token (Ether) was just $0.43. In the years following, the price of Ethereum would see a high of $1,422.47 in January 2020 before dropping by over 80% 9 months later.

This dramatic volatility attracted global attention with the mainstream media running near-daily reports on the price of Ether. The publicity generated has been a major boon for the ecosystem, attracting thousands of new developers and business ventures alike. In 2020 the amount raised through Ethereum-enabled ICOs reached almost $8bn, increasing from just $90m in 2020.

While the price of Ethereum has faced extreme volatility over the years, it is this volatility which has driven interest. After every boom and bust cycle, Ethereum comes out the other side with a fundamentally stronger platform and a broader developer community backing it. These fundamental improvements would suggest a positive long-term outlook on the price of Ethereum.

Buy Ethereum

Armed with the knowledge of Ethereum’s price history, future predictions and the associated risks to investing in this cryptocurrency, you may now be considering a purchase. Buying Ethereum has evolved from a niche and slightly cumbersome process to one which has been polished into simplicity. Ethereum can now be bought through debit/credit card, epayment platforms, bank transfer, cash or even Bitcoin and other cryptocurrencies.

There are myriad ways to buy the cryptocurrency Ethereum and there is no single correct way of doing so. For a detailed guide to not only the acquisition of Ethereum but the storage and securing of it as well, see our Buy Ethereum guide.

About EthereumPrice.org

EthereumPrice.org launched in March 2020 to allow users to easily track the price of Ethereum both historically and in real-time. The platform has since evolved to include several fiat currencies (EUR, GBP, JPY and others) as well as price data for a number of Ethereum ERC20 tokens and other blockchain currencies. More recently, prediction data from Augur was also added to provide insight into the future price expectations of the Ether market.

Price data is calculated using a volume weighted average formula. This formula takes real-time data from numerous Ethereum exchanges and weights the price based on each market’s 24 hour trading volume. A market with a relatively high trading volume will have its price reflected more visibly in the overall average.

For more details on the weighted average calculation, see our data and methodology.

Ethereum Price Analysis: ETH Breaks Bullish Uptrend

Smith | Jul 14, 2020 | 16:47

Ethereum Price Analysis: ETH Breaks Bullish Uptrend

Smith | Jul 14, 2020 | 16:47

On the 10th of July, ETH broke down from the current uptrend at around $290 visible in my ethereum price previous analysis. Since then, price levels have dropped back to support levels around $230 resulting in a 20% move in favor of the bears. Price levels look poised to drop further which will result in a much-needed correction.

Ethereum Price Analysis: 4 Hour Chart

On the 4 Hour ethereum price analysis chart for ETH/USD we can see the uptrend that took price levels to it’s yearly high of around $360. Since then price action has broken this up-trend and dropped 20%. It’s likely we’ll see a correction play out over the next 1/2 weeks. Volume has dropped significantly in comparison to volume levels throughout May.

Key support levels to look out for during the remainder of this correction playing out on ETH are $226, $187, $165. RSI is currently the lowest it’s been in the last few months indicating bears are well in control. Both the 50 MA and 200 EMA have broken down out of the uptrend, POC has yet to move from $271, but will likely come down to $230 within the next few days.

One key factor to look out for when gauging what point to buy on ETH is a clear influx of new volume. Volume levels are quite low, thus any influx of new volume similar to what we previous have seen in May, this will be a pretty strong buy signal. Overall, I’m still very much bullish on Ethereum and I will be looking to buy during this correction phase.

ETH Price Analysis: 30 Minute Chart

On the 30 Minute ethereum price analysis chart, we can clearly see the break-down take place around $290 resulting in price levels dropping to their current market price. There seems to be little to no green candles or bullish resistance since the break-down leading me to believe there’s further downside to come.

Volume has begun to pick up around $230, with noticeable buying but no real momentum building up that could spur a short-term reversal. It’s likely that we can see some brief sideways consolidation around the current market price before the next move happens, potentially allowing altcoins the chance to flourish.

Providing we do see consolidation around the current market price, bullish divergence could play out on BNB/BTC as predicted in my previous ethereum price analysis, presenting a great trade or hedge opportunity. Typically when ETH/USD is dropping, it’s counter-part ETH/BTC builds up bullish momentum so it’s always advised to monitor this correlation for potential trade opportunities.

Do you think Ethereum price will drop below $230? Leave your thoughts in the comments below!

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