Ethereum (ETH) Price Prediction — Will ETH Hit $2000 Soon?
- Bullish ETH price prediction is $1451.58 to $4128.18.
- Ethereum (ETH) price might also reach $2000 soon.
- Bearish ETH price prediction for 2022 is $994.34.
In Ethereum (ETH) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about ETH to analyze the future movement of the cryptocurrency.
Ethereum (ETH) Current Market Status
According to CoinGecko, the price of Ethereum (ETH) is $1,290.36 with a 24-hour trading volume of $11,840,796,146 at the time of writing. However, ETH has decreased by nearly 2.4% in the last 24 hours.
Moreover, Ethereum (ETH) has a circulating supply of 120,682,395 ETH. Currently, Ethereum (ETH) trades in cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, HuobiGlobal.
What is Ethereum (ETH)?
Ethereum (ETH), known as Ether, is the native cryptocurrency of Ethereum. Ethereum is an open-source blockchain platform that revolutionized the blockchain and DeFi sector by the introduction of smart contracts. This second-generation blockchain was launched in 2015. Its native crypto coin, ether (ETH) was launched through an initial coin offering (ICO) in August 2014. The entire Ethereum network is fueled by Ether (ETH).
The blueprint of the Ethereum network was first released in its whitepaper in 2013 by Ethereum Co-founder Vitalik Buterin. Since its launch, the blockchain-based software platform functions as a potential launchpad for several other crypto tokens, DeFi protocols, and numerous decentralized applications (dApps). Thus, Ethereum is regarded as the “world computer.”
The smart contracts are coded programs that execute autonomously with pre-defined conditions on Ethereum. These smart contracts are deployed and executed via the Ethereum Vending Machine (EVM).
Ethereum will transition to the Proof-of-Stake (PoS) consensus through The Merge upgrade. Initially, the Ethereum network was built on the high energy-intensive proof-of-work (PoW) since its launch. From 2020, the Ethereum developers have begun preparing for the PoW to PoS transition. The Merge upgrade is set for September 15. After this transition, the Ether (ETH) which was an inflationary token will convert into a deflationary token.
Ethereum (ETH) Price Prediction 2022
Ethereum (ETH) holds the 2nd position on CoinGecko right now. ETH price prediction 2022 is explained below with a daily time frame.
The above chart of Ethereum (ETH) laid out a Falling Wedge .In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Ethereum (ETH) is in the range of $1299.82 If the pattern continues, the price of ETH might reach the resistance levels of $1352.57, $1509.02 and $1797.85. If the trend reverses, then the price of ETH may fall to $1209.22.
Ethereum (ETH) Support and Resistance Levels
The chart below shows the support and resistance levels of Ethereum (ETH).
From the above daily time frame, it is clear the following are the resistance and support levels of ETH.
|Resistance Level 1||$1451.58|
|Resistance Level 2||$2071.88|
|Resistance Level 3||$2982.03|
|Support Level 1||$4128.18|
|Support Level 2||$994.34|
The charts show that Ethereum (ETH) has performed a bullish trend over the past month. If this trend continues, ETH might run along with the bulls overtaking its resistance level at $4128.18.
Accordingly, if the investors turn against crypto, the price of Ethereum (ETH) might plummet to almost $994.34, a bearish signal.
Ethereum (ETH) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Ethereum (ETH) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of ETH lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Ethereum (ETH) is shown in the chart above. Notably, Ethereum (ETH) price lies below 50 MA (short-term), so it is in a downtrend. Currently, ETH has entered a bearish state. Therefore, there is a possibility of a reversal trend of ETH at any time.
Meanwhile, the relative strength index (RSI) of the ETH is 38.45. This means that Ethereum (ETH) is in an oversold state. However, this means a major price reversal of ETH may occur in the upcoming days. So, traders need to trade carefully.
Ethereum (ETH) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Ethereum (ETH). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Ethereum (ETH). Currently, the ADX of ETH lies in the range of 36.59 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Ethereum (ETH). RVI measures the constant deviation of price changes over a period of time. The RVI of ETH lies below 50, indicating low volatility. In fact, the RSI of Ethereum (ETH) is at 38.45 thus confirming a potential buy signal.
Comparison of ETH with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret ETH is moving in a similar trend to BTC. This indicates that when the price of BTC increases, the price of ETH also increases. Also, when the price of BTC decreases, the price of ETH decreases.
Ethereum (ETH) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Ethereum (ETH) might probably attain $2300 by 2023.
Ethereum (ETH) Price Prediction 2024
With several upgrades in the network, Ethereum (ETH) might enter a bullish trajectory. If the coin grabs the attention of major investors, ETH might rally to hit $2600 by 2024.
Ethereum (ETH) Price Prediction 2025
If Ethereum (ETH) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, ETH would rally to hit $2900.
Ethereum (ETH) Price Prediction 2026
If Ethereum (ETH) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, ETH would rally to hit $3200.
Ethereum (ETH) Price Prediction 2027
If Ethereum (ETH) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, ETH would rally to hit $3500.
Ethereum (ETH) Price Prediction 2028
If Ethereum (ETH) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, ETH would hit $3800.
Ethereum (ETH) Price Prediction 2029
If investors flock in and continue to place their bets on Ethereum (ETH), it would witness major spikes. ETH might hit $4100 by 2029.
Ethereum (ETH) Price Prediction 2030
With greater advancements in the Ethereum ecosystem, the crypto community might continue to invest in Ethereum (ETH) for the next 8 years and drive significant price rallies for the token. Hence, Ethereum (ETH) might hit $4400 by 2030.
With continuous improvements in the Ethereum network, we can say that 2022 is a good year for ETH. For this reason, the bullish price prediction of Ethereum (ETH) in 2022 is $4128.18. On the other hand, the bearish price prediction of Ethereum (ETH) price prediction for 2022 is $994.34.
Furthermore, with the advancements and upgrades to the Ethereum ecosystem, the performance of ETH would help to reach above its current all-time high (ATH) of $4,878.26 very soon. But, it might also reach $2000 if the investors believe that ETH is a good investment in 2022.
Ethereum or Ether (ETH) is the native cryptocurrency of Ethereum. Ethereum is a second-generation blockchain platform that launched in 2015. Ether (ETH) was launched in 2014.
Ethereum (ETH) has been listed on many crypto exchanges which include Binance, FTX, KuCoin, Gate.io, HuobiGlobal.
With the ongoing developments and The Merge upgrade in the Ethereum network, Ethereum (ETH) has a high possibility of reaching its ATH soon.
On November 10, 2021, Ethereum (ETH) reached its new all-time high (ATH) of $4878.26.
Ethereum (ETH) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Ethereum in the past few months, ETH is considered a good investment in 2022.
Ethereum (ETH) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Ethereum (ETH) will hit $2000 soon.
Ethereum (ETH) price is expected to reach $2300 by 2023.
Ethereum (ETH) price is expected to reach $2600 by 2024.
Ethereum (ETH) price is expected to reach $2900 by 2025.
Ethereum (ETH) price is expected to reach $3200 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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