Ethereum Price Forecast & Predictions for 2024, 2025–2026 and Beyond

2024.08.29 2024.08.26 Ethereum Price Forecast & Predictions for 2024, 2025–2026 and Beyond

Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/

The cryptocurrency market is volatile by nature and, thus, is difficult to predict. Nonetheless, cryptocurrency experts have tried their best to forecast the price of Ethereum in 2024 and beyond. ETH's price prediction is a controversial topic, but the price of ETH is expected to perform well in the market this year as one of the leading cryptocurrencies.

While the Ethereum price prediction is not set in stone, its utility as a software network means that it is extremely popular; its wide range of applications means that it has the potential for growth in the long run. Some believe it even has the potential to grow in value by as much as 400%. When will Ethereum go up? Read on to find out more about Ethereum price prediction for 2024 and beyond.

Highlights and Key Points

• Currently, as for 02.09.2024, the Ethereum price is $2 448.40.
• Ethereum is a blockchain platform for smart contracts, offering unique features that provide holders with more opportunities than traditional cryptocurrencies.
• Forecasts for 2024, 2025-2026, and beyond show positive dynamics. Ethereum is considered a good long-term investment.
• Ethereum continues to evolve and attract investor attention. The platform remains a leader in the blockchain industry.
• The network effect increases the value of ETH as the number of participants in the network grows. The popularity of Ethereum positively influences its price.
• The platform is gaining popularity, and its adoption is increasing. This lays the foundation for long-term growth in the value of ETH.
• ETHUSD: the Elliott wave analysis reveals that Ethereum may climb to the previous high this week. Thus, buy ETH at the current level, securing profits at 3,396.00.

Ethereum Price Prediction for Today, Coming Days and Week

Ethereum (ETH) continues following Bitcoin (BTC) and reacting to a broader crypto market trends. As a rule as BTC grows ETH grows as well. The overall surge of crypto market can also boots ETHUSD rates. The ETHBTC rate is most likely to drop. However, today Ethereum is one of the favorites among the digital currencies. The outcome from trading BTC is often invested in altcoins with the biggest market cap and only afterwards — in relatively small and less popular projects.

Weekly Elliott wave Ethereum analysis as of 26.08.2024

The ETHUSD pair is developing a bullish double zigzag [W]-[X]-[Y]. The waves [W] and [X] are likely completed. The last motive wave [Y] is underway as a standard zigzag (A)-(B)-(C). The impulse wave (A) has likely finished, and correction (B) has ended as a double zigzag W-X-Y. The initial part of the impulse wave (C) is developing on the last segment of the price chart. Let us analyze its structure on the 4-hour time frame.

Once the corrective wave (B) finished, the asset started to grow. The first two parts, sub-waves 1 and 2, have been completed within a new wave, developing as a bullish impulse. The wave 1 is an initial diagonal. Correction 2 is a zigzag. The price may grow to the previous high of 3,396.00 within a new impulse sub-wave soon. Earlier, the correction (4) ended at this level. In the current conditions, consider long trades.

Weekly ETHUSD trading plan:

Buy 2,771.29, TP 3,396.00

ETHUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.

Ethereum Price Prediction for 2024 by Crypto Experts

Expert opinions on the future price of ETH vary greatly. Also, before investing in cryptocurrency, one should conduct technical and fundamental analysis and study market sentiment. Let us have a look at some forecasts by crypto experts and see whether Ethereum will go up or down this year.

Changelly

Price range in 2024: $2,915.19 - 3,486.76 (as of August 21, 2024).

As Changelly analysts state, the Ethereum price in 2024 may reach $3,486.76. Growth is projected from August to November, with a reversal afterwards.

PricePredictions

Price range in 2024: $2,764.62 - 3,752.58 (as of August 21, 2024).

According to PricePredictions forecast, ETH price may fluctuate within the $2,764.62 - 3,752.58 range during 2024. The rate will steadily grow throughout the rest of the year, without any drops.

CoinPriceForecast

Price range in 2024: $2,768 - 3,374 (as of August 21, 2024).

The Ethereum forecast by CoinPriceForecast is based on various expert opinions. According to it, the average ETH price may reach $2,768 by the year-end, indicating a bearish trend.

DigitalCoinPrice

Price range in 2024: $2,000.98 - 4,978.35 (as of August 21, 2024).

According to DigitalCoinPrice forecast, the ETH price in 2024 may vary from $2,000.98 to $4,978.35. During the next 5 months the volatility will grow, peaking in October.

Long Forecast

Price range in 2024: $1,540 - 3,278 (as of August 21, 2024).

The LongForecast analysts foresee a steady decline in the ETHUSD rate towards the year-end. Trades will close at $2,095 in August and at $1,786 in December.

PandaForecast

Price range in 2024: $1,990 - 4,498 (as of August 21, 2024).

PandaForecast expects the negative dynamics in Ethereum (ETH) prices in the near term. The target price in August is estimated at $4,283, and it will be $2,449 in December. Upward correction is not expected, and the outlook is definitely bearish.

Ethereum Price Technical Analysis

The ETHUSD chart shows that over the past seven years, the cryptocurrency has maintained a global bullish trend, resembling an upward momentum.

The trend is clearly seen on the weekly time frame. Therefore, daily and 4-hour time frames can be used to conduct the ETH technical analysis. Lower time frames will help facilitate analysis and determine the trend more precisely in order to make more informed trading decisions.

The analysis will require us to apply the most widely-used indicators such as trend lines, Fibonacci levels, and moving averages. Analysts also recommend using the following indicators:

• the RSI determines the strength of the trend and the probability of its reversal;
• the ADX measures the strength of the trend over a certain time;
• the CCI gauges the difference between the current price and the historical average price over a certain period.

ETHUSD Analysis For Next Three Months

Let's make a three-month forecast for Ethereum, marking the potential price trajectory on the daily time frame.

The ETH price is forming a large correction as a double zigzag pattern [W]-[X]-[Y]. The initial motive wave [W] has ended as a double zigzag (W)-(X)-(Y). The linking wave [X] is likely underway, taking the shape of a double zigzag (W)-(X)-(Y).

Most likely, sub-waves (W) and (X) have been completed within the wave [X]. The final motive wave (Y) is developing. The initial part of the wave (Y), the impulse sub-wave A, has been completed. At this juncture, a bearish correction B may be forming.

It is possible that the corrective wave B will complete as a double zigzag [W]-[X]-[Y]. By the end of the current month, the price is anticipated to move in the corrective sub-wave [4] to a high of 2,787.44. In September, the cryptocurrency may decline within the sub-wave [5] to the previous low of 2,128.96. The correction B is expected to terminate at this level.

The Ethereum price will likely increase within a new impulse sub-wave C from October until the end of the year. At the beginning of next year, cryptocurrency may continue to move upward.

Long-Term Ethereum Price Technical Analysis for 2024

Let’s use the 4-hour time frame to conduct technical analysis for the Ethereum rate until the end of 2024.

As previously stated, the correction B may be forming as a double zigzag [W]-[X]-[Y]. The final impulse wave (C) is currently developing within the wave [Y]. By the end of the current month, a complex correction 4 is anticipated to complete as a triple zigzag near the high of 2,787.44.

In September, the ETH price may decline in the impulse wave 5. This wave is expected to terminate at 2,128.96. Earlier, an impulse sub-wave 3 was completed at this level. The current trend will likely reverse at the beginning of October, and a new bullish impulse wave C may start unfolding.

The initial part of the impulse wave C, a sub-wave [1], may end at the end of October. In November, the price may begin a correction [2] and drop to 2,538.57. At this level, the correction [2] will retrace 50% of the impulse wave [1], according to the Fibonacci indicator. Once the correction [2] is complete, the price may reach the high of 2,787.44 and continue to move higher.

In December, the cryptocurrency may appreciate within the initial half of the impulse wave [3] to a high of 3,727.16. This level was marked within the corrective sub-wave (B).

In January 2025, the impulse wave [3] may continue to unfold, potentially reaching a high of 3,975.13, which was marked by the linking wave [X].

Long-Term Trading Plan for ETHUSD

The results of the conducted technical analysis allow us to build a detailed trading plan:

• As of now, it is possible to open long trades with a target of 2,787.44, where the correction 4 is projected to end.
• At the end of August, short trades can be initiated at 2,787.44 with the target of 2,128.96 as the price is assumed to decline within the final wave 5.
• After that, one can open long trades at 2,128.96 with the target of 2,787.44. The cryptocurrency will likely grow within the sub-wave [1].

For those pursuing long-term trading strategies, consider opening long trades following the conclusion of correction B at 2,128.96, setting a take-profit order at 3,363.62.

Ethereum Price Predictions for 2025

ETHUSD price forecasts for 2025 and 2026 consider many factors, such as technical innovation, market conditions, supply and demand, competition and regulation.

Changelly

Price range in 2025: $3,077.17 - 5,904 (as of August 21, 2024).

According to Changelly, the average Ethereum price in 2025 will grow to the $4,996 level. The maximum price will exceed $5,000 in August and hit $5,904 by December.

PricePrediction

Price range in 2025: $3,266.88 - 5,905.03 (as of August 21, 2024).

The PricePredictions portal forecasts a steady growth of Ethereum rates during the 2025. Average price levels will rise from $3,610.76 to $4,996.25, min and max levels will rise as well, indicating a confident bullish trend.

CoinPriceForecast

Price range in 2025: $2,763 - 2,904 (as of August 21, 2024).

The Ethereum price prediction by CoinPriceForecast is bearish. In the mid-year, the price will reach $2,904, declining to $2,763 by the year-end.

DigitalCoinPrice

Price range in 2025: $4,811.68 - 5,933.41 (as of August 21, 2024).

According to DigitalCoinPrice forecast, ETHUSD will be trading flat in 2025. The most notable price peaks are expected in February, May, and December, the most notable drops will be in April, September, and November. The analysts advise stepping down from making any investment decisions.

Long Forecast

Price range in 2025: $1,540 - 3,278 (as of August 21, 2024).

The analysts at LongForecast forecast a steady decline of ETHUSD rates up to the end of 2025. The trades in August will finish at $2,095, and in December, the crypto will close at $1,786.

PandaForecast

Price range in 2025: $4,385 - 6,805 (as of August 21, 2024).

PandaForecast expects a positive movement. Despite the considerable mid-year drop, an average price will be estimated at $4,883 by December. The year-end price range is $5.645-6,181.

Ethereum Price Forecast for 2026-2029

Let's look at some possible scenarios for the Ethereum coin price changes over the next few years, from 2026 to 2029.

Changelly

According to Changelly blog forecasts, ETH will see a significant uprising in the next five years. In 2026, the rate will exceed $10,000, $20,000 in 2029, and $30,000 in 2029.

PricePredictions

The PricePrediction forecast is positive as well — the analysts expect the price to approach $30,000 by 2029, without breaking beyond this level though.

CoinPriceForecast

According to CoinPriceForecast forecast, the Ethereum rate will continue rising. The price is expected to be significantly more modest though — by 2029, the $5,046 price level is forecasted.

DigitalCoinPrice

Likewise, DigitalCoinPrice expects the rates to rise within $12,500 by 2029. It is also noted that the asset will be trading flat during 2027-2028.

ETH Historical Price Changes

To achieve a more precise forecast for the ETH price, it is essential to consider the historical trends in its pricing. Currently, ETH is trading at $2 448.40. Below, you can see the ETH price change in real time.

January 2018

ETH reached nearly $1,300, but in April 2018, Ethereum fell below $400. Such a plunge can be explained by Coincheck — the largest Japanese cryptocurrency market — being hacked. The decline was shown until November across all cryptocurrencies. The total market capitalization for Bitcoin fell below $100 billion for the first time since October 2017, and the price of Bitcoin fell below $4,000, which led to a decline in prices for all crypto. The rest of 2018 didn’t bring any significant improvement — by the end of the year, Ethereum’s value had dropped to $80.

June 2019

ETH grew to above $300. Ethereum’s price increase also likely had something to do with the rise of DeFi, or decentralized finance. Most DeFi protocols are based on Ethereum. ETH didn’t manage to hold its position. ETH continued to drop in value throughout August. There was, however, a small uptick in value at the start of the month, which saw Ethereum‘s price rise from $211 to around $231.

December 2019

The cryptocurrency fell again. In early December, US authorities arrested Ethereum developer Virgil Griffith for consulting with North Korea on how to use cryptocurrency to evade sanctions. In the middle of December, UK cryptocurrency exchange Coinfloor said it would delist Ethereum and Bitcoin Cash.

January 2020

Ethereum grew up to $290. On the day when the WHO declared a global pandemic, Ethereum fell to $109, less than half of its high earlier in the year. In early December 2020, the company announced Ethereum 2.0.

January - April 2021

The price of Ethereum rocketed. It was only at $1,385.5 in January, but in just five months, it reached $4,000. This happened due to the upgrade and shifting to the PoS protocol. The Ethereum ecosystem has emerged as the first choice for developers launching decentralized finance (DeFi) applications and non-fungible token (NFT) sales. 

However, the price didn't hold this position and fell back to the March figures. The value of ETH in USD has grown from $737.73 on December 31, 2020 (BinanceUS) to an all-time high of $4,362.35 on May 12, 2021. Since May 12, a dramatic fall has taken place due to the overall cryptocurrency downtrend. The reason for this trend is believed to be some of Elon Musk's tweets about Bitcoin-related environmental concerns. Also, on May 19, the price of Bitcoin fell by more than 30%, reaching the local minimum of $30,000. As a result, Ethereum fell to $1,800. It was a stepping stone for Ethereum to transition to a PoS protocol.

August 2021

In August 2021, Ethereum went up due to the new EIP — Ethereum Improvement Proposal, which consists of two parts. It allows Ethereum holders to pay fewer transaction fees. Moreover, about 3 million ETH are to be removed from the market each year. This action will increase demand as Ethereum will eventually become scarce.

A strong bullish trend continued until September when Ethereum reached a high of $4864.13 on 2021-11-10. On September 7-8, the price fell by more than $900. The plunge was caused by the BTC sell-off. Until September 21, the price of the cryptocurrency was moving down.

However, the next wave of Ethereum's growth started on September 29; since then, its price has risen by more than 70%. The growth can be explained by a combination of encouraging comments from Fed Chair Jerome H. Powell, the upcoming Altair update, and the beginning of October, which has historically been a strong month for cryptocurrencies. This clear upward trend was strengthened because the U.S. Securities and Exchange Commission approved ProShares' application to launch the Bitcoin Strategy ETF on October 15. On November 2, the CME Group announced it would launch a new Micro Ether futures contract. On November 8, Ethereum rose to a new all-time high of $4,812.09. The value of ETH began to decline slowly throughout December.

January 2022

The downtrend continued. ETH was not the only crypto affected; many other digital currencies dropped in value at this time. On January 24, ETH dropped to $2,160, its lowest level since July 2021. According to various experts, this decline was due to the rampant increase of the Omicron variant and rising inflation. Moreover, some states continued tightening their crypto policy.

Second half of 2022

The Ether coin price continued to rise due to the development of the Ethereum ecosystem, improvements in network scalability and security, and increased demand for DeFi and NFTs. However, the ETH has been very volatile due to macroeconomic factors, regulatory actions, and competition from other cryptocurrencies.

Early 2023

The upward trend continued in 2023. However, ETH has also been subject to risks due to potential technical issues, hacking attacks, regulatory pressure, and competition from other crypto platforms.

End of 2023

Since the middle of the year, the Ethereum market has shown significant growth, supported by investor confidence in the long-term prospects of the platform and anticipation of the Ethereum 2.0 launch. Despite fluctuations caused by general instability in financial markets, the price of Ethereum reached new yearly highs, exceeding $2,400.

Early 2024

The coin soared to $4,000. By early 2024, Ethereum continued to attract the attention of investors, especially after the launch of Bitcoin ETFs, which sparked interest in Ethereum and its tokens. Despite the sharp correction in March, according to forecasts, the price of Ethereum could reach $2,702,965 by early April 2024. The launch of Ethereum ETFs, which could happen in May, will lead to further growth and strengthen Ethereum's position in the market.

Ethereum Price Prediction for 2030

Three agencies predict Ethereum to rise in 2030, though evaluations differ. DigitalCoinPrice has the most pessimistic forecast: according to the forecast, max price won’t breach $17,000, coming close nevertheless.

PricePrediction are more favorable: their analysts expect Ethereum to exceed $40,000. Changelly analysts expect the price to even breach $47,000.

Ethereum Price Predictions for 2040 by Crypto Experts

Forecasts for the Ethereum price in 2040 by various analysts differ greatly. For the Ethereum cryptocurrency, the forecast for such a long period can hardly be accurate. If we assume that the trend continues and the price of Ethereum maintains its 5-year annual growth rate of 31.9%, then 1 Ethereum will be worth $274,514 million by 2040. This is not a realistic target price; at this rate, ETH would have a capitalization of $33 trillion. Or vice versa, we can turn to the algorithmic forecast of the Ethereum price, for example, by CoinCodex. According to their calculations, growth will continue, and the price of Ethereum will exceed $57,609 by 2040.

As another example, let's look at what Ethereum would perform in 2040 if it followed the average annual growth of the S&P 500, the main US stock market index. From 1957 to 2021, the S&P 500 grew at an average annual rate of 11.8%. If the price of Ether increased by an average of 11.8% per year, it would be around $13,999 by 2040.

This is a much more realistic scenario. If it is implemented, the Ethereum market cap could reach $1.68 trillion (Bitcoin has already reached $1.2 trillion in market capitalization).

Ethereum Price Prediction for 2050 by Crypto Experts

It is impossible to say for sure what the ETHUSD price will be in 2050 since many factors affect the crypto market.

CoinCodex

The platform's analysts provide a long-term price forecast for ETH, according to which Ethereum could be worth approximately $42,710 by 2050 (which is more than ten times more than the recent price) if it grows at an average annual rate of 11.8%, like the S&P 500 index. Therefore, the Ethereum market cap would be $5.14 trillion.

Capital.com

According to the Capital.com platform, Ethereum is expected to reach around $50,000 by 2050 if it grows at the same rate as the S&P 500 index. This would mean that Ethereum's capitalization could be expected to reach 6 trillion dollars, based on the available volume of tokens.

CoinPriceForecast

Analysts at CoinPriceForecast forecast the ETH price could reach around $4,230 by 2050. The calculation uses a unique algorithm that takes into account market cycles, sentiment trends, and other factors. This would mean that Ethereum market capitalization would be $508 billion.

As you can see, these forecasts vary greatly: from $4,230 to $50,000 per coin by 2050. This shows how difficult it is to make predictions this far out, especially for cryptocurrencies. Such analytics should be treated very carefully and should not be considered investment advice. The actual price of ETHUSD in 2050 will depend on various factors, including technological innovation, regulatory changes, market acceptability, competition, and world events.

Ethereum in Short

Ethereum or ETH is not just a cryptocurrency but also a blockchain-based platform, like Bitcoin. In fact, these two crypto projects have quite a lot in common: decentralization, security, and transparency. However, Ethereum has its own unique features.

For example, Ethereum offers smart contract technology. Smart contracts are software that automatically fulfills the terms of digital contracts without intermediaries. This makes Ethereum a fully decentralized platform that is more flexible and functional than Bitcoin. There are many services based on smart contracts for users and developers on the Ethereum blockchain.

Another feature of Ethereum is its transaction speed. According to the Ethereum Foundation, Ethereum can process more transactions per second than Bitcoin due to its consensus algorithm. This makes Ethereum more suitable for mass use.

Many users buy the token in hopes of Ethereum's growth in the future. They believe in the potential of the Ethereum platform to create new applications and services.

Importance of the Network Effect

The network effect gives Ethereum the biggest advantage: the more network participants, the higher the token’s value. It is the first and, therefore, the most popular blockchain for smart contracts. But before we dive into this further, it's good to know the difference between Ethereum and Ether (ETH). These terms are often used interchangeably.

By Ethereum, we mean the network and the blockchain. You can find all transactions of a cryptocurrency on a blockchain. And on Ethereum, transactions are paid with ETH. That is the cryptocurrency that comes with Ethereum. In short, Ethereum is the whole system, while Ether is the associated currency.

The Growth of Ethereum

Ethereum officially switched to a Proof of Stake (PoS) consensus mechanism in 2022 as a more secure and energy-efficient way to validate transactions and add new blocks to the blockchain. The energy consumption of the blockchain was reduced by 99.95%. Also, decentralized finance (DeFi) technologies continue to develop and become increasingly popular. In the long term, these factors could lead to unprecedented growth in the ETH rate.

Ethereum 2.0

After Bitcoin price reached an all-time high in November 2021, all attention is riveted on it: volumes and interest are growing, and new institutional investors are coming. However, crypto investors with a long-term planning horizon prefer Ethereum 2.0: the project already reached the TOP-30 in terms of capitalization.

On the 4th of November 2021, Vitalik Buterin opened a deposit contract to create a liquidity pool for the Ethereum 2.0 network. At that moment, crypto investors had reserved 1.7 million ETH.

Source: etherscan.io

The ETH 2.0 blockchain is a long-term project aimed at improving the network's operation and is being implemented in stages. One of its stages was the transition to the proof-of-stake algorithm, which replaced the more resource-intensive proof-of-work. Validators reserve funds in blocks of 32 ETH to participate in staking. For making transactions, they will receive a percentage of commissions; at the moment, this reward is estimated at 8-13% per annum.

Source: etherscan.io

At the end of 2022, Vitalik Buterin presented an updated Ethereum roadmap on his Twitter, which included phases: The Merge, The Surge, The Scourge, The Verge, The Purge and The Splurge. In April 2023, the Shanghai and Capella updates were implemented, allowing users to withdraw staked funds. In March 2024, the Cancun and Deneb updates followed, aimed at scaling the network through a new Big Data Transaction Type (BLOB), resulting in lower gas costs for Layer 2 networks using EIP-4844.

The upgrade aims to make the blockchain platform more scalable, secure, and decentralized. Some experts claim that the greater sustainability of Ethereum 2.0 allows us to expect the price of Ethereum to rise significantly against the USD. For example, in March 2024, the coin updated its 2022-2023 highs at $4,070.

DeFi

DeFi is a decentralized financial service based on the Ethereum blockchain. Decentralized applications (DApps) operating on smart contracts have become the next stage of development. DeFi companies are service providers that offer loans on the Ethereum blockchain. For example, you can lend your ETH on a special platform. Other users can use them for a certain amount of collateral (according to the smart contract terms). There is no need to contact intermediaries or draw up legal paperwork.

DeFi is a relatively new phenomenon. In the future, decentralized finance will become a separate industry. Some DeFi projects use ETH as collateral for their financial applications. Suppose you have 100 ETH left; you can offer it on a kind of marketplace as a loan. Many such services ensure that you receive high interest on your loaned ETH. Popular DeFi services include ETHlend, MakerDAO, Nexo, and NUO Network platforms.

The Introduction of Sharding

Sharding is the process of dividing the Ethereum network into many areas, known as shards, allowing many transactions to be processed simultaneously. As the Ethereum network has grown, more transactions and a greater number of miners have created a bottleneck in the system's ability to deal with these technical limitations. Sharding is one way of addressing this problem by distributing data and transaction processing functions among different nodes within the network. All nodes no longer need to store all data and process all transactions. Sharding will greatly reduce hardware requirements — so much so that, eventually, people will be able to run Ethereum from a laptop or even a smartphone.

How do you predict Ethereum price?

It is not easy to predict the future price of Ethereum since the volatility of price fluctuations is very high. However, there are several basic methods and approaches that allow you to make an Ethereum forecast. This includes technical and fundamental analysis, monitoring of news, events, and the market, and the use of various online resources.

At the same time, it is important to understand what fundamental and technical factors can determine the value of an asset in the future. If you take into account everything that affects the Ethereum future price, the forecast will be relatively accurate.

1. Supply and demand. As with any other cryptocurrency, the Ethereum value depends on the supply and demand in the market. If the demand for Ethereum exceeds the supply, then the price of ETH will grow, and vice versa.
2. The project's popularity. The more projects and applications use Ethereum for their own purposes (for example, to create smart contracts and decentralized programs), the higher the potential demand for Ethereum tokens.
3. Regulation. Decisions of governments and financial regulators in different countries can significantly affect the price of Ether. Hard restrictions can reduce interest in cryptocurrencies.
4. Overall market trend. The overall market sentiment affects the price of a particular cryptocurrency. For example, if Bitcoin grows in price, then other coins, including ETH, follow the trend.
5. Global events and macroeconomic factors. Inflation, economic crises, changes in interest rates, and geopolitical conflicts can affect the cryptocurrency price.
6. Information impact. News and events related to the technical condition of Ethereum can radically change investors' opinions about the blockchain. As a result, the cost of altcoin can both significantly grow and collapse.

The Ethereum price trend also depends on various technical factors:

1. The speed of transaction confirmation. If the Ethereum network is overloaded, the speed of transaction confirmation may decrease. This may affect the blockchain reputation among users and, as a result, its exchange rate. 
2. Protocol update. Each new Ethereum update can change the functions, performance, and scalability of the network. Successful updates attract more users and impact the Ethereum exchange rate positively.
3. Network security. Ethereum has proven to be secure. However, vulnerabilities and hacker attacks can affect the price of Ether, especially if attackers manage to gain access to users' funds.
4. Competition with other blockchains. Ethereum competes with other blockchains and platforms to create decentralized programs. If users and investors prefer other projects, the value of ETH will decrease.
5. Infrastructure and development of projects on Ethereum. The quantity and quality of DApps running on Ethereum, as well as the development of infrastructure for developers, can attract more users and investors.
6. Gas fees. High gas fees could limit the use of Ethereum for many network participants. This could negatively impact demand and price.

As you can see, many factors influence the potential price growth. Before analyzing the further movement of the cryptocurrency, ask yourself a question: under what conditions can the value of the ETH coin remain stable?

Is Ethereum (ETH) a Good Investment?

Ethereum often finds itself in the shadow of Bitcoin. However, if you consider how many blockchain projects have been launched in recent years, second place is a very worthy result. Sharding technology aims to increase the throughput and the transaction speed on the Ethereum network. However, Ethereum's current transaction processing capacity is around 15-30 transactions per second (TPS). With the introduction of sharding, Ethereum is expected to be able to process up to 100.000 TPS. This significant increase compared to current performance could make Ethereum more competitive compared to traditional payment systems like MasterCard and Visa, which process up to 24.000 TPS.

The Ethereum network receives regular updates, and more and more crypto users and investors are interested in this blockchain. All this can lead to sustainable long-term growth in the ETH rate. If you are interested in investing in Ethereum, you can register for a free demo account with LiteFinance! Here, you will get all the information you need about investing and can start trading.

Price chart of ETHUSD in real time mode