When discussing cryptocurrencies in 2022, the discussion will always be complete with Ethereum’s (ETH) mention. Being one of the most performant cryptocurrencies in the market, ETH is packed with great potential to avail you of great returns. But the volatile nature of the crypto market always fuels uncertainty, confusing traders and investors.
This drives many to speculate if there is any reliable way to calculate ETH’s future price. Of course, given the market’s highly volatile nature, there is no well-defined way to calculate a cryptocurrency’s future. But one can always analyze market trends and the token to better understand ETH’s future.
That said, let’s dive into the details to understand better what the future holds for Ethereum.
Price History Of Ethereum: What’s In For 2023 & Beyond
As mentioned earlier, there is yet to be a definitive way to determine the future of a cryptocurrency in this highly volatile environment. But one easy way to counter this issue is to check out the price history of the token. This will give a better idea of what one can expect from the token in the near or far future.
Regarding Ethereum, the price movements are rather impressive despite all the volatility. This is because the token has been through many ups and downs since its inception and beginning trade in the market. But 2018 was an excellent year for the token since it attained its all-time high value, with each ETH worth $1,430.
But following this, ETH lost its momentum primarily due to the market’s bearish sentiment. Fortunately, things changed for good, with Bitcoin resuming its bullish run in 2020 post-pandemic. Soon Ethereum followed suit despite most other altcoins remaining stagnant. With ever-increasing use cases, investors were seeing great potential in Ethereum.
ETH Is Evolving: Its Price Movement Positive
Ethereum was valued at $481 in September 2018, a trend that continued for a while. However, the token’s prices began to rally again in 2021, reaching a new all-time high of $4,300 in May 2021. Following this, Ethereum lost 60% of its all-time high value, only to surge again in November and set a new all-time high record of $4,840.
Unfortunately, the bearish run of the crypto market since then has taken a heavy toll on Ethereum. The token has been bleeding worth since then with Russia’s invasion of Ukraine, the much-anticipated Ethereum Merge resulting in another fork, and finally, the collapse of FTX.
As of early December 2022, an ETH is worth $1,276 with a market cap of $152,66 billion and a 24-hour trading volume of $453.27 million. There are currently 122,373,886.22 ETH circulating in the market.
Latest Updates About Ethereum
There is always something happening in the crypto market, and investors and traders need to keep up with these developments to make better investment decisions. Ethereum is no exception in this case, so here are some latest developments associated with Ethereum.
a) Ethereum developers have recently finalized all the details that will be upgraded in the new Shanghai update. This is about time since the public has been waiting for this update, which yields excellent benefits for the stakers.
b) Vitalik, the founder of Ethereum, recently announced a new phase of Ethereum called the Scourge. This new phase is expected to induce a positive influence on the market.
c) The Ethereum Merge is officially launched, facilitating the Blockchain’s transformation from the PoW (Proof-of-Work) to PoS (Proof-of-Stake) consensus mechanism.
Factors That Can Influence Ethereum’s Future
No cryptocurrency, no matter how significant, is independent of factors that can influence its future. Hence Ethereum is no exception, and certain factors have the potential to influence the Ethereum future price. So let’s check out some of these factors.
1. Increasing Regulations: The decentralized nature of cryptocurrencies threatens most centralized authorities. This is understandable to a certain extent, especially when things go wrong with a major exchange like FTX. But as regulators tighten their ropes, it will likely directly influence Ethereum’s performance in the future.
2. Post Merge Consequences: The Ethereum Merge ruled the headlines until the FTX fiasco went down. Despite the unprecedented hype about the shift from PoW (Proof-of-Work) to PoS (Proof-of-Stake) consensus mechanism, there has been little difference in reality. So it is worth keeping up with developments on this front to see how the market adjusts to this transformation.
3. Competition: Of course, Ethereum garners a lot of hype and attention, but they still need to find a way to save itself from the emerging competition. The crypto market is growing, and different cryptos are emerging daily, aiming to solve new issues. Thus, Ethereum traders and investors must also keep an eye out for other competitors in the market.
4. Bearish Market Sentiment: The crypto market has been in a state of decline since the start of the year. The collapse of FTX has added more fuel to the fire leaving the industry in ruins. These developments will have a lasting impact on the industry and Ethereum.
Ethereum Price Prediction: What’s In For 2025?
Of course, no one can predict the future of a token with precision, but Ethereum price predictions can give you a very effective way to help you get a better sense of Ethereum’s future. That said, Ethereum is still a dominant player in the market, just second to Bitcoin. This means as the market recovers, things will get better for Ethereum consequently.
As for the end of 2022, Ethereum can likely close the year with a maximum price of $1,650 and a minimum of $1,150. Furthermore, the token will likely reach a valuation of $2,921 at a minimum and $3,589 by the end of 2025. Most experts are optimistic that Ethereum will reach a new all-time high value by the end of this decade.
Ethereum is one of the best cryptos you can invest in 2022 or further years to come. While there is no definitive way to determine the future price of the token, you can always keep an eye out for other developments. So make sure you use the information above to your advantage and make more informed investment decisions.