- The bullish Ethereum price prediction ranges from $ 3,606 to $ 4,203.
- The ETH price could soon reach USD 5,000 as well.
- ETH’s bearish market price prediction for 2021 is $ 2,929.
This article on Ethereum (ETH) Price Prediction 2021 is based solely on technical analysis. Below you can see the most important metrics that we took into account when creating our ETH price analysis and forecast.
Ethereum has become the most impressive cryptocurrency so far in 2020. If 2017 was the year of Bitcoin and Initial Coin Offerings (ICO), then 2020 is the year of Ethereum and Decentralized Funding (DeFi).
Ethereum’s London Hard Fork upgrade recently went live. Notably, the hard fork occurred Thursday at block height 12,965,000, or 12:33 PM UTC. In addition, the hard fork has also introduced five new ETH Improvement Proposals (EIPs). However, the EIPs 1559, 3554, 3529, 3198, 3541 are code upgrades aimed at improving the usability of the ETH network.
But will Ethereum be a good investment in 2021? Or will its story be how Bitcoin and ICOs ended up after the 2017 Bull Run? Let’s find out in this CoinQuora ETH Price Analysis and Ethereum Price Prediction 2021.
What is Ethereum (ETH)?
Ethereum is a decentralized open source blockchain system that enables its own cryptocurrency Ether. In addition, the ETH acts as a platform for many other cryptocurrencies and for the execution of decentralized smart contracts.
Additionally, Ethereum was first discussed in a 2013 whitepaper by Vitalik Buterin. Buterin and other co-founders secured funding for the project in a public online crowd sale in summer 2014 and officially launched the blockchain on July 30, 2015.
Additionally, Ethereum’s alleged goal is to become a global decentralized application platform that enables users from around the world to write and run software that is resistant to censorship, downtime, and fraud.
Ethereum (ETH) Current market status
At the time of writing this technical analysis of Ethereum, ETH is trading at $ 3,110 with a 24-hour trading volume of $ 32,188,588,372. The price of ETH has increased by (0.96%) in the last 24 hours.
In addition, ETH has a current volume of 117 019 511.69 ETH in circulation. Currently, the top crypto trading platforms for ETH are Binance, Huobi Global, BitZ, Bybit and OKEx.
Now we come to the next part of this technical ETH analysis for 2021.
Ethereum (ETH) price analysis 2021
Would the recent developments and changes in ETH’s blockchain help the cryptocurrency price rise higher? Let’s take a look at the charts in this ETH price prediction article.
ETH / USDT chart channel trend pattern (Source: TradingView)
In the above chart, which is set to a daily timeframe, we can see the trending pattern of the ascending channel. An ascending channel is the price movement that occurs in an upward direction through an oblique parallel line. In addition, the chart shows the higher highs and higher lows from this price pattern. In addition, this pattern indicates a short-term upward trend.
As shown above, ETH turned its declining position into an uptrend earlier this month. One reason to consider is the high trading volume during this period.
Additionally, the Relative Strength Index (RSI) is at 76.6, which means that ETH is in an overbought state. This can lead to a course reversal at any time.
Let’s also look down at ETH’s Simple Moving Average (SMA) and Exponential Moving Average (EMA).
Ethereum is one of the potential cryptocurrencies this year. Since the beginning of 2021, the ETH price has seen many upward movements that are higher than the previous one. What is more, consolidations, fluctuations and corrections immediately follow.
Ethereum (ETH) price prediction 2021
ETH currently occupies 2nd place at CoinGecko. In fact, the ETH price hit an all-time high of $ 4,356.
Would this market performance be enough for ETH to maintain its bullish position in 2021? Are you looking forward to the results? Well what are we waiting for? Let’s get to the bottom of this ETH price forecast for 2021.
ETH / USDT price chart (Source: TradingView)
In the short to medium-term scenario for our Ethereum price forecast in 2021, ETH will have to break the resistance level at $ 4,200. To do this it needs to establish more support at the resistance level at $ 3,606. If not, bears could gain the upper hand and pull ETH further into their territory.
Meanwhile, our long-term ETH price prediction for 2021 is bullish. In addition, there is a high likelihood of hitting a new all-time high this year. However, this will only happen if it overcomes a number of psychological obstacles.
Ethereum (ETH) price prediction 2022
If this uptrend continues, Ethereum will hit $ 5,500 by the end of 2022. Additionally, the first half of 2022 will see rapid growth up to $ 6,000. Then that increase will slow down, but no major declines are expected. With upcoming partnerships and developments reaching $ 5,500, this is fairly bullish on pricing, but undoubtedly doable for the near future.
Ethereum (ETH) price prediction 2023
If ETH holds the support level around 200-MA, the long-term moving average of 200 days, buyers will have enough time and stability to forge the next offensive mission at the all-important level at USD 7,500 so that it does not crash, but plays consistently.
Ethereum (ETH) price prediction 2024
According to the latest upgrades, developments, ETH price forecasts and new project forecasts from the platform, ETH investors can expect many partnerships and integrations around 2024. In addition, this could increase the price of ETH in the crypto market and it will become the best investment as the price can skyrocket and reach around $ 9,500.
Ethereum (ETH) price prediction 2025
In the next four years, the ETH price could soar to $ 10,500. Reaching this level should not be so difficult for the ETH, however, as additional medium, short and long-term price targets for buy or sell orders can be found. This indicates that, according to the forecast, the ETH has a high probability of reaching a new ATH soon in the next five years.
Ethereum has a bright future ahead of it in 2021. Given the ongoing developments within the ETH ecosystem and the overall crypto market, we can see ETH reaching new heights.
Additionally, the bullish ETH price prediction for 2021 is $ 4,260. As mentioned above, it could even hit a new ATH if investors decided that ETH would be a good investment along with mainstream cryptocurrencies like Bitcoin in 2021. Additionally, there is a chance to hit $ 5,000 in the latter parts of this year.
What is ethereum
Ethereum is the second largest cryptocurrency by market capitalization after Bitcoin. Ether (ETH) is the native token of Ethereum.
How do I buy ETH tokens?
Users can get ETH tokens by buying them from cryptocurrency exchanges like Binance or Huobi Global.
Will ETH outperform its current ATH?
Ethereum is a good investment in 2021. Additionally, ETH has a high chance of surpassing its current ATH of around $ 4,362 this year.
Can ETH reach $ 5,000 soon?
Yes, there is a very good chance that ETH could hit $ 5,000 in the near future based on the current uptrend.
What will the Ethereum price be by 2022?
The Ethereum (ETH) price can reach $ 6,000 by 2022.
What will the Ethereum price be by 2023?
The Ethereum (ETH) price can reach $ 7,500 by 2023.
What will the Ethereum price be by 2024?
The Ethereum (ETH) price can reach $ 9,500 by 2024.
What will the Ethereum price be by 2025?
The Ethereum (ETH) price can reach $ 10,500 by 2025.
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of CoinQuora. No information in this article should be construed as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.