- Joshua Fernando is the CEO and co-founder of blockchain startup eCarbon.
- The 24-year-old exec explains why traditional equities are strongly correlated with major cryptos.
- Ethereum is up 42% in the past month, currently trading near $1,632.
Many investors jumped into ethereum when it neared all-time highs of $4,847.54 last year. Joshua Fernando, a former S&P Global senior associate and derivatives trader, had jumped in at $45 in 2016 – as it started a 10,672.31% ride up to its record price.
Like most people, Fernando was skeptical of ethereum when he first heard about it. His older cousin poured his savings into ether and once the investment doubled, the 24-year-old considered allocating as well. Fernando says he sold his ethereum once he achieved 20% returns, adding that as a professional trader his "risk tolerance is extremely low." But he later bought back in and has continued investing via dollar-cost averaging ever since.
Years later, Fernando sees more long-term potential than ever in the layer-1, even starting eCarbon – a blockchain company focused on environmental products. The co-founder predicts that ether, which was trading near $1,632.45 on Thursday, won't hit $5,000 until at least 2024.
This is a change of tune, however, from excitable crypto executives and firms who have called for crypto prices to rise at exponential rates. In a survey conducted by Finder, some fintech experts predicted that ether could notch over $50,000 by 2030. Antoni Trenchev, a cofounder of crypto lender Nexo, told CNBC that bitcoin may also hit $100,000 "within 12 months."
A high correlation to traditional equities
A lot of Fernando's prediction boils down to macroeconomic factors; he says ethereum won't begin to fully recover from its slump until traditional markets do. As the Federal Reserve vows to crush inflation with interest rate hikes, investors are wary of speculative bets across the board.
"I really think we need to see the actual traditional equities market resume chugging up every single year in a bull market fashion in order to actually see this though," Fernando told Insider.
He added that as crypto becomes more "mainstream" investors will treat their investments like traditional equities, which is what brings the correlation between the two even closer. "This issue," per Fernando, is that people are thinking of ethereum as "just another tech investment."
Ethereum's highly anticipated series of network upgrades, called The Merge, may also contribute to overall adoption of its network. The next upgrade, which is slated for September, will transition the network from an energy intensive proof of work to a proof of stake consensus mechanism.
Amid crypto's rocky market cycle, the asset class has shown signs of potential recovery, however. Ethereum is up 42% in the past month, according to Messari, while Bitcoin has risen 17% in the same time frame. This follows a slew of bearish news for the space which has left investors – both institutional and retail – accessing systemic risks and contagion concerns for the ecosystem. In the past month, centralized lender Celsius and brokerage Voyager Digital both filed for bankruptcy.
Overview of Ethereum (ETH)
While fiat currencies are losing their sheen in the recessionary phase of world economies, cryptocurrencies are gaining momentum. One of the crowning glories among crypto assets is Ethereum, featured as ETH, which is the native cryptocurrency based on the platform.
With decentralized finance (DeFi) becoming the talk of the town, algorithms and science-backed cryptocurrencies seem to be ruling the blockchain world. They not only feature smart contract functionality but also offer a safe and highly secure system of transactions and trading with the involved intermediaries.
A marvel creation by Vitalik Buterin, Ethereum is an advanced blockchain project and is most popular among cryptocurrency enthusiasts, mainly due to its nodal position in the world of cryptocurrencies.
Check out the coin details before we jump to long-term Ethereum price predictions today!
Ethereum Overview
| Cryptocurrency | Ethereum |
| Ticker Symbol | ETH |
| Price | $1,311.89 |
| Price Change 24h | +1.00% |
| Price Change 7d | -4.63% |
| Market cap | $158,435,797,266 |
| Circulating Supply | 122,758,189 ETH |
| Trading Volume | $8,302,357,548 |
| All time high | $4,891.70 |
| All time low | $0.4209 |
| Ethereum ROI | +45471.19% |
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The blockchain algorithm being the center stage of this largest cryptocurrency, the entire phenomenon and the fundamental focus is programmability. This allows the users to benefit from a digital money perspective and use Ether crypto for all marketplace transactions, such as financial services, apps, games, and products, to name a few, which can be built on the platform.
As explained above, the Ethereum protocol enables developers to formulate and work on smart contracts, automatically implementing assignments under specific conditions.
After going through the various stages of development and evolution strategies, the platform has stuck with its plan & products to consistently upgrade the protocol to ensure improved usability, security, functionality, and decentralization.
Ethereum: The Empirical Rise
What makes Ethereum cryptocurrency a coveted prize is its prediction based on fundamental aspects. This is a straightforward model where money velocity equals the price quotient.
All quantities are defined in fiat currency units, setting P=1 and M is calculated by the number of cryptocurrencies multiplied by the price of single crypto, Q is the amount of value being transferred across the network, and V’s analysis remains the same. Hence this function works on the main base framework that cryptocurrency is inversely proportional to its velocity.
Another popular quorum that governs this platform is sourced from NVT Ratio, which is calculated as:
ETH Market Cap Daily Ethereum price being transacted on the network
Hence, the higher the NVT, the higher the price of Ether crypto.
The Ethereum Framework
Currently, most projects rely on Ethereum as a public blockchain network, which grants access to a larger audience of users, currency, nodes, and markets. However, there are often reasons to prefer a consortium or private blockchain.
For example, companies in the banking sector are looking at Ethereum as a platform for their private blockchains. Even Ethereum has been utilized for many initial coin offering events.
Public blockchains: Fully decentralized and secured using Proof of Work or Proof of Stake algorithms, following a common principle that the degree to which someone can influence the consensus mechanism is proportional to the number of economic resources they can bring to bear.
Consortium blockchains: These are partially decentralized where a set of nodes controls the process; for example, one might imagine a consortium of 15 financial institutions, each of which operates a node and of which ten must sign every block for the block to be valid.
Private blockchains: A private blockchain is centralized to one organization for writing permissions. Read permissions may be public or restricted to an arbitrary extent. Likely applications include database management, auditing, etc., internal to a single company. So general readability may not be necessary in many cases, though public auditability is desired in other cases.
All above contribute to the overall Ether ecosystem by investing in Ethereum software development. Over time, this translates into software improvements, shared knowledge, and job opportunities.
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Ethereum Blending in Our Real World
- Voting Systems
As we’ve seen with DAO, voting systems are also assimilating Ethereum. Polls, processes, and results are equally dependent on ETH, and they ensure a crystal clear and fair democratic process by providing no flaws in the voting process.
- Banking Systems
Ethereum is a challenge for hackers to crack as the entire banking system has to be hack-free, allowing unauthorized access. Even the payment and remittance systems are based on ETH, adopted by banks widely.
- Shipping
Deploying Ethereum in shipping helps with the tracking of cargo and prevents goods from being misplaced or counterfeited. Ether provides the provenance and tracking framework for any asset required in a typical supply chain.
- Agreements
With Ethereum smart contracts, agreements can be maintained and executed without any alteration for developing and digitally recording the agreements and transactions.
- Enterprises
Companies can build Ethereum-based products using its plug-and-play feature. They can plug the private blockchain into the public mainnet. The interoperability of the Ethereum feature keeps blockchains updated. It provides them with global expansion, continual developments & upgrades, and a vast network of users and dApps for the products. Enterprise Ethereum refers to a defined set of guidelines and technical specifications to accelerate blockchain technology adoption among enterprises.
The specifications allow businesses to leverage both Ethereum-based private chains and the public mainnet. The Enterprise Ethereum specification is maintained by the Enterprise Ethereum Alliance (EEA), a membership of blockchain and incumbent businesses worldwide.
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Ethereum 2.0
Also called Serenity, ETH 2.0 is the extension of Ethereum with added features to improve functionality and different prices. It is next in line for upgradation in the Ethereum blockchain. It had a gradual and consistent phase-wise unveiling with market tests and trials to see mass adoption
and acceptability. Finally, the Merge has been completed, and the ETH cryptocurrency is ready for V-shaped recovery.
As a precursor to further enhancement and efficiency, the 2.0 introduced a sharding technique. To reduce the transaction cost and increase the transaction speed, adding sharding to the mix will augment its resource usage performance in a big way. That will be achieved by data verification among sets of nodes, and each will be responsible for verifying the data it received. This could increase overall capacity.
Additionally, Ethereum 2.0 initiated web assembly language in a system eWASM that would soon replace EVM, i.e., Ethereum Virtual Machine allowing a choice from various languages to write code to run on the blockchain.
Ethereum 2.0 and the Merge is now finally completed. The best part is that Ethereum is now more eco-friendly due to the Merge. The Ropsten testnet has already been tested and was successful. It successfully merged the (Proof of Work) PoW execution layer with Beacon Chain PoS (Proof of Stake).
Ideally, this would be a system based on faith with lesser accessibility issues and a beat to competitors. As Ethereum spreads the innovation process and the new dawn breaks, one can already see how the Ethereum 2.0 deposit contract is steadily receiving more ETH cryptocurrency with time and stands at 1.62 million currently.
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Ethereum Technical and Fundamental Analysis
The entire cryptocurrency market suffers from unpredictable price volatility, making the investment decision in altcoins more challenging. However, as per our forecasts and technical analysis, the crypto world will only see a surge in trading activities and investment in altcoins.
As per the Ethereum price forecasts, the price showcased an exceptional performance last year and registered an all-time high of $4,891.70 in November 2021. Later, ETH cryptocurrency faced tremendous bearish pressure amidst an overall market sell-off, and the price fell below $2500 by January 2022 end.
Due to the crypto market crash of May 2022, the prices have seen a steep fall, and as per price prognosis, the fall may continue for some time. Despite the initial price fall, ETH will surely end this year as a big bull racing to sustain its position in the investment market.
Since the beginning of this year, ETH has marked massive volatility in its price action and even in the ongoing month. Over the last few weeks, the price of Ethereum traded between the range of $2500 and $1200. Currently, the ETH price is trading around $1,293.55, and based on the price history; it is expected to continue growing.
Yearly Ethereum Price Prediction – 2022 to 2030
| 2022 | $1,250 | $1,850 | 48% |
| 2023 | $1,987 | $2,375 | 19.52% |
| 2024 | $2,389 | $2,809 | 17.58% |
| 2025 | $2,542 | $2,987 | 17.50% |
| 2026 | $2,741 | $3,145 | 14.73% |
| 2027 | $2,921 | $3,267 | 11.84% |
| 2028 | $3,257 | $3,589 | 10.19% |
| 2029 | $3,698 | $3,934 | 6.38% |
| 2030 | $3,851 | $4,275 | 11.01% |
In the previous year, Ethereum’s price brought investors massive returns before the onset of the new year. As per long-term Ethereum price predictions, ETH is an especially great asset for investment compared to Bitcoin and for traders who can take advantage of these short and long-term price swings.
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Ethereum Price Prediction 2022
The year 2022 has not been really good for Ethereum and most other cryptocurrencies as well. The coin started the year at $3,722 but is currently trading at $1,322.80, which is down by more than 60%. Since May, the entire crypto market has been facing a bearish sentiment, leading to a significant drop in price for all the assets. As per the current price momentum, Ethereum might cross $1,850 by the end of 2022.
Having witnessed a massive dApp adoption that drove the price action of ETH crypto. Also, ETH 2.0 has been launched, which is a further extension of ETH. As per our forecasts, this may push the network’s scalability to 1,00,000 transactions per second, moving the blockchain from energy-intensive POW to POS. The network is super popular, with numerous projects built on it.
Ethereum Price Prediction by the End of September 2022
According to the past performance, Ether’s price is expected to reach around $1450, while the minimum and average prices may be $1250 and $1350, respectively. The Ethereum predictions suggest that the Ethereum Merge will definitely affect the price of the token.
Ethereum Price Forecasts for October 2022
Based on the technical analysis, price fluctuations may not be very high during the year-end for Ethereum cryptocurrency. The token may trade at an average price of $1450 for the month of October. While the minimum and maximum prices of ETH are anticipated to be $1348 and $1552.
Ethereum Price Predictions for November 2022
Looking at the Ethereum price prediction chart and technical analysis, it can be anticipated that the maximum price may be around $1750. At the same time, the price analysis also suggests that the minimum and average values may be $1550 and $1650.
Ethereum Forecast for December 2022
By the end of the year 2022, the token might have reached the maximum value of $1,850. As per our ETH price prediction for 2022, the average and minimum prices may be $1750 and $1650, respectively.
Ethereum Price Prediction 2023
Looking at the performance of ETH till now, the maximum and minimum values for the year 2023 are forecasted to be around $1,987 and $2,375, respectively. In comparison, the average value may be somewhere around $2,181.
Ethereum Price Prediction 2024
In the year 2024, the ETH coin may trade in between $2,389 to $2,809, where the former is the lowest possible price while the latter is the highest possible price. At the same time, the average token price may be $2,599.
Ethereum Price Prediction 2025
As per the latest news updates, technical upgrades, and ETH price prediction 2025, we expect many partnerships and integrations in the near future. This might boost the price of ETH in the crypto market, and it will be the best investment as the price can reach around $2987. As per our Ethereum price prediction for 2025, if the price faces a reversal, it might trade around its crucial support of $2542.
Ethereum Price Prediction 2026
By the year 2026, it would have been a long time since the market crash, and most cryptos would have found a stable place for themselves. By this time, the price of ETH might register a significant recovery. The maximum price is expected to be around $3145, with a minimum price of $2741 based on the Ethereum forecast. The average price for the year may be around $2943.
ETH Coin Price Prediction 2027
Based on the Ethereum forecast, the coin may have a potential high and potential low of $3,267 and $2,921, respectively. The average Ethereum price for the year 2027 is expected to be around $3094.
Ethereum Crypto Price Prediction 2028
Once Ethereum 2.0 launches, the coin’s price will definitely see a surge. For the year 2028, the minimum and maximum prices are expected to be around $3,257 and $3,589, respectively. The percentage change for the entire year may be around 10.19%. At the same time, the average trading price of Ethereum may be around $3423.
Ethereum Coin Price Prediction 2029
By the year 2029, Ethereum’s price will have seen a great rise, increasing the market capitalization of the coin as well as its demand. The coin may reach as high as $3,934 in the year 2029, while it may trade around a low of $3,698. The average value is expected to be around $3816.
Ethereum Price Prediction 2030
During this year, ETH price predictions 2030 indicated the coin might be racing to climax. The token may have a minimum price of $3851 in the long term, while the price may record a significant high of $4275 by the year 2030, as per our prediction.
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Experts Take on Ethereum (ETH) Price Prediction
The more, the merrier. The more the experts’ crypto ratings and opinions for the Ethereum price predictions, the better. Let us know the investment advice of industry experts for the coming few years:
Based on our Ethereum price predictions, a long-term increase is expected, and the price for 2027 may be $6387.053. With a 5-year investment, the revenue is expected to be around +386.49 as per our ETH coin price forecast.
Wallet Investor
According to our ETH price forecast, the coin might cross the $1500 price mark by the end of 2022. The maximum price might be around $1,667.535, and the minimum price may be around $1,133.924. The average price of Ethereum for December 2022 might be around $1,334.028.
Trading Beasts
By the end of 2022, the price of ETH might be $1499. The maximum price may be $1604, and the minimum price may be $1292. The average value for December 2022 will be around $1604. As per our Ethereum price forecast, the price at the end of December 2023 might be around $1292.
Long Forecast
By the time 2024 approaches, we can see ETH resting at the mark of $4,414.76 as per our ETH price predictions. Thus, if you trade Ethereum at the current price, it will give you a lot of returns in the long run.
Digital Coin Price
Conclusion
Being one of the oldest players in the crypto field, Ethereum has gained trusted credibility among enterprise businesses. Its protocol’s real-world applications have also covered 11 major categories that enterprise businesses could potentially be interested in.
And Ethereum’s large community of developers, which works on the blockchain’s protocol improvements, could be considered by enterprise businesses as a technological benefit. Ethereum projected growth to reach extreme highs, similar to what was seen during the ICO boom, and it is currently trading just above $1900.
Ethereum has long been a panacea for application developers, and solutions for real-world problems like currency transfers and distributed finance have been found based on the Ethereum blockchain. With Ethereum showing so much promise, it has support from all the industry crypto connoisseurs who firmly believe that it is backed by a fundamental robust algorithmic science and a consistent performance.
Ethereum can be a great investment compared to Bitcoin, but only if invested at the right time with the correct entry point, as per our ETH price prediction. However, this does not constitute investment advice in any form; carry out your own research to reduce the high risk of losing money rapidly.
FAQs
Will Ethereum go up in 2022?
Undoubtedly, your investment in ETH is sure to break all bounds as per our Ethereum price prediction. However, do your own thorough research before investing your money. Take your trading decisions and invest money only based on your investment objectives to reduce all the risks.
How high will Ethereum go?
As per our Ethereum price prediction, no other crypto can promise a dream with this optimism. Adding ETH to your crypto wallet can prove to be a valuable investment, provided you plan all your investment decisions wisely and strategically. As per our Ethereum price prediction 2030, the coin will have at least a value of $3800.
Is Ethereum a good investment?
Yes! ETH is the future as it is the first to come with “smart contracts.” For crypto investors, the historical price trend can prove Ethereum a good investment in terms of crypto exchange rate value in the long term. There is no proven way of getting rich quickly without high risk.
Will Ethereum rise?
Yes, ETH will definitely rise. The current momentum may not be positive due to many factors, but within a few months, the ETH price will soar as soon as the market recovers. The cryptocurrency prices are expected to reach the $3000 mark by 2026. So, all those who are confused and asking ‘Will Ethereum crash?’ can confidently take on our answer, “NO.” The ETH prices will rise when viewed from a long-term perspective, but don’t forget to do your own research.
Is ETH better than Bitcoin?
The Ethereum blockchain was designed to do a lot more as it is more prevalent among developers than Bitcoin. Bitcoin is one of the oldest cryptocurrencies, while ETH is one of the topmost altcoins. As per the recent news & price trend of Bitcoin & ETH, the latter had reflected consistent growth. And as per our forecasts, Ethereum (ETH) might be the best investment among other significant coins.