As the broader market begins to recover, Ethereum’s price is on the rise. After experiencing a Black Monday, strong demand around $2,000 has pushed ETH back above $2,500. With increasing demand for altcoins, the outlook for Ethereum remains optimistic.
Furthermore, a long-term uptrend and a potential market rebound could spark a new bull run in Ethereum’s price. So, what’s the actual scenario?
Will Ethereum surpass $5,000? Join us on this analytical journey as we explore these questions and predict Ethereum’s price for 2024 and 2025.
ETH Price Prediction for August 2024
After dropping to $2,000 following Black Monday, Ethereum has shown a bullish reversal, forming a V-shaped recovery on the 1D chart. Currently, ETH is stable above $2,600, with an intraday gain of 1.21%.
As the RSI line surges, a bullish reversal from the support trendline indicates that bulls are trying to avoid a death cross between the 50D and 200D EMAs. If the broader market regains momentum, ETH is set to test its upper resistance at $3,300.
Conversely, if supply increases, ETH could drop to a critical support level at $2,150.
ETH Price Prediction for Q3 2024
If buyers hold their ground, delaying the death cross could trigger a new bull run for Ethereum. The next key resistance level is the dynamic 200D EMA at $3,090. Therefore, to gain bullish momentum by the end of this quarter, buyers need to reclaim the moving average.
On the downside, bearish pressure could meet significant demand at the support levels of $2,150 and $2,000.
ETH Price Prediction for 2024
Ethereum rebounded from the psychological barrier of $1,000 in November 2022, and despite a recent pullback to $2,150, its uptrend continues.
With the surge in Ethereum ETF inflows, bulls are gradually gaining control of the trend.
Therefore, by the end of 2024, if inflows remain positive and BTC reaches $100,000, Ethereum’s price could hit the $10,000 mark.
ETH Price Prediction for 2025
Similarly, the second-largest cryptocurrency, Ethereum, is expected to maintain its upward trend and reach new heights in 2025. Additionally, with increased adoption and demand for ETH, its price could reach an all-time high of $14,925.
However, on the downside, ETH’s price might drop to $8,917, with an average price of $10,421.
ETH Price Prediction for 2026
By 2026, Ethereum’s price is expected to reach a high of $16,610. Conversely, the price could drop to $5,566, with an average price of $8,713.
CoinDarwin’s Ethereum Price Prediction
With the continuous development of the Ethereum network, increased inflows, broader market recovery, and rising adoption, ETH could see substantial returns this year.
According to CoinDarwin’s Ethereum (ETH) price prediction, bulls could push the price to $10,000 by the end of 2024. Conversely, increased FUD among investors and a lack of updates could suppress the value of 1 ETH to $2,160.
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