The potential upcoming crash in the Nasdaq 100 (tech stocks), and in Ethereum as a consequence, will be driven by a poor earnings season, Cheung believes. This is one of the conditions that could force ETH's price to break below $1,000 and into $500 for the first time since 2020.
Ethereum Prediction for 2023, 2025 and 2030
According to Cryptonewz, by the time it is 2025, Ethereum is expected to reach up to the maximum level of $6,500 and with a minimum price of $ 4,500. And for the year 2030, it is expected that the token may go up to a maximum of $20,500, with a minimum price of $14,000.
However, if the resistance price of $1,850 is breached lower, Ethereum is expected to crash lower and reach the next support at around $1,600. It's worth noting that Ethereum crashing to $1,000 is not in sight for now.
ETH price has seen massive rallies of nearly 8200% and 600% during the bull runs of 2017 and 2021, respectively. While the $10,000 mark isn't impossible for the Ethereum price, which is a near 500% or a 6x rally – it is nearly impossible to attain that number within 2023 itself.
If Ethereum is able to regain those levels, the $100 investment today would be worth $245.07. This represents a return of 145.1% from today's hypothetical investment if the highs are reached again. With the current price, Ethereum has gained significantly from the one-year low of $896.11 hit in June 2022.
Despite its drawbacks, though, Ethereum still has plenty of long-term potential. While it may not make you a millionaire in the coming months, by staying invested for the long haul, it could potentially be a lucrative investment.
It's important to note here that Ethereum losing the entirety of its value is highly unlikely, and the same goes for other popular coins like Bitcoin. We've seen many smaller coins drop to zero, especially those with a very short history in the market.
As with all investments, the value of ethereum can rise as well as fall. While it is unlikely that ethereum will suffer a complete loss of value, investors must be prepared to suffer drawdowns of between 50% and 80%.
The experts on the panel believe ETH might fall as low as $984 this year. According to Ben Ritchie, managing director of Digital Capital Management, ETH prices could fall as low as $900 per coin in 2023, but they are still expected to close the year at $2,500 per coin.
Ethereum, however, has an infinite supply. In January 2021, there were 113.5 million tokens in circulation. As of April 2022, there are roughly 120 million. There are some predictions that after shifting the Ethereum process from PoW to PoS, the supply of Ethereum may be reduced.
It is forecast that bitcoin's price will reach a maximum of $214,232.74 USD by 2026. This is followed by a minimum of $181,308.21 USD, with an average price of $186,289.04 USD by 2026. Meanwhile, some experts see more potential in Bitcoin and predict a price of $274,279.582 USD by then.
According to a projection by VanEck, the Ethereum (ETH) price could skyrocket to $51,000 by 2030 if there's another crypto bull market. The prediction is based on Ethereum (ETH) becoming accepted across various industry sectors, such as finance, healthcare, and insurance.
For an even longer-range outlook, Telegaon predicted the future price of ethereum could climb from an average of $5,617.24 in 2025 to $9,798.93 in 2030 and $23,871.42 in 2040, before it offered an ethereum price prediction for 2050 that suggested the coin could achieve $45,128.53.
Bitcoin is the more established and mainstream of the two, which makes ETH just a touch riskier. As with most investments, it's possible Ethereum's higher risk brings with it potential for higher rewards.
No, crypto coins cannot go below zero. If crypto goes negative, it will mean that the coin's value has dropped so low that it is no longer worth anything.
Even if it fails, the miners must validate and execute your transaction, which takes computational power. You must pay for that computation, just like you would pay for a successful transaction. You can see your transaction fee (gas limit * gas price) in ETH & USD when you search for your transaction on Etherscan.io.
Whether Ethereum will experience similar returns again is uncertain. But since its price is two and a half times lower than its 2021 peak, investing in it at a bargain price is worth considering. Even if it doesn't see momentous returns, approaching its all-time high again could bring significant yield.
As long as the coin's team continues to develop the blockchain and introduce new innovative features, Ethereum will likely continue to grow and prosper.
Fed's hawkishness dampens Ethereum price
The ETH price intraday decline came as a part of a broader weekly downtrend accelerated by the Federal Reserve's hawkish tone a day ago. The U.S. central bank left the benchmark interest rates unchanged due to cooling inflation.
The potential growth of Ethereum is theoretically limitless, as with any cryptocurrency. However, its future value depends on its adoption rate, technological advancements, competition, regulatory environment, and overall market conditions.
CRYPTO: ETH
Crypto is notoriously volatile, and Ethereum is no exception. Don't invest anything you can't afford to lose, be sure you're willing to keep your money invested for at least a few years, and prepare for more volatility in the near term.
So far, ethereum prices are up more than 50% in 2023. Still, additional upside in the year's second half will likely depend on the outlook for monetary policy, further clarity on the crypto regulation front and the growth of decentralized applications, or dApps, on ethereum's programmable blockchain.
To sum up, it is really never too late to invest in crypto. The biggest problem with crypto investments is to decide which cryptocurrency to choose. At this point, no one can give any reasonable advice, because these decisions are unique for each investor.