Ethereum Price Prediction, Will Bulls take ETH to $5000?

Did you know that the Ethereum network is not completely decentralized, and is a mixture of both? Yes, Though Ethereum is decentralized, it possesses a group of developers who promote the network!


Azla Hurrein

3 years ago | 11 min read

The last decade struck for the ever racing Bitcoin. When the world was celebrating prosperity, another giant stepped into the market with promising vows yet adopting Bitcoin's blockchain technology. Currently, anyone with basic sense about cryptocurrencies will know them as the 'Crypto monsters'. Launched as the world's second largest crypto currency will Ethereum outgrow Bitcoin? What will be the possible Ethereum price prediction?

Ether, the native token of the network was formerly used within the network. But as the world saw the windfalls of the token, it has now been accepted as a payment option by many services! Interestingly, an aspect of the network that has made Ethereum so special in the market, Ethereum blockchain is easily programmable and the smart contracts on them can help validate any agreements safe and secure. Another feature that makes it different from Bitcoin is, Ether is not an inflation coin. Also, the new update that the network announced is likely to overcome the criticisms faced by Bitcoin for its certain aspects. Ether is not just a currency with intrinsic value or an investment option, but an ocean of opportunities for growing the crypto ecosystem!

Did you know that the Ethereum network is not completely decentralized, and is a mixture of both? Yes, Though Ethereum is decentralized, it possesses a group of developers who promote the network!

Unlike Bitcoin, Ethereum is not limited and hence the asset is available in abundance. Moreover, currently it is based on Proof-of-Work, but very soon the platform will switch to Proof-of-Stake. The upgrade, ETH 2.0, is mainly intended to address scaling solutions, which can take the altcoin to unmatchable degrees!

Being behind the shadows of Bitcoin for long, Etehreum still follows the coin's trend patterns. Currently, following the footsteps of Bitcoin, Ethereum has also been parabolic on the chart. A sudden surge followed by a new ATH, a lot ensued the last month. Want to catch up with all of them?

While many critics believe the current soar relates to Bitcoin, is that the only reason? Will Ethereum emerge to stride to new highs anytime sooner? On a long term forecast what's the destiny for Ether and its users? Everything about Ether, ETH price, updates and latest buzz is just a read away!

Table of contents

What is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain underlining smart contract functionality. Ether is the native cryptocurrency created by Ethereum miners as a dividend for calculations conducted to protect the blockchain.

Ethereum was suggested in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. The development of Ethereum blockchain was funded by an online crowd sale conducted between July and August 2014. The network then started to function on 30 July 2015. As of then 72 million coins were minted. This reports for about 65 percent of the total circulating supply in April 2020.

The Ethereum Blockchain currently accommodates over 2,60,000 different cryptocurrencies, 47 of which are among the top 100 by market capitalization. The network follows a peer to peer mechanism! You can easily make agreements through smart contracts, and shift money to anyone around the world!

Ether, the currency of the network and Ethereum's Official website calls it the lifeblood of the network. When anyone uses the platform for sending money, or an application on the network, a meagre transaction fee is imposed. Like most other platforms, Ethereum also follows the mining consensus mechanism to generate blocks with reliable data. What do they get in return? Apart from the transaction fee as an incentive!

Using ETH as a collateral to yield other digital assets powered by the platform is gaining increased popularity among many users. Also, one can earn huge profits on staking Ether. Moreover, this helps to secure the platform and earn rewards.

Fundamental Analysis

Ethereum operates using decentralized blockchain technology to create Decentralized apps and also make agreements, called smart contracts that run on computer codes and can be operated without a third party intervention. It's often referred to as Decentralized finance, DeFi. With powering Non fungible tokens, the proof of ownership remains at the mark.

The blockchain is an open yet secured ledger and allows anyone to create, own or keep a financial contract or entry. They are time stamped and any changes probed require approval from every node, making the network highly decentralized.

The operation relates to a network of computers, called the Supercomputer which compiles every smart contract created and runs them. So Ethers are generated into circulation? Every miner receives three Ethers on creating a single block on the chain. However, initially the transactions were limited per second causing congestion in the platform. Following this, In January 2019, the network addressed the scalability issue and upgraded it to Ethereum 1x.

Currently, the network is capable of processing just 15 to 45 transactions per second, which has been a major setback since the advent. While the upcoming altcoins have skyrocketing per sec transaction figures, Ethereum is still far behind.

Kick starting 2017, a diverse range of block chain startups partnered with the network. By the end of July that year, around 150 alliances marked for the platform. Currently many investors are into Ethereum and more than a 100 companies are using the network technology for the enterprises use case.

With Elon Musk and many other crypto celebrities calling off the PoW mining process because it generates high carbon footprints, the Network has planned to shift the same to PoS. The platform ensures the Eth2 upgrade to be more scalable, secure and sustainable. A 100% energy efficiency is one of the notable outcomes to expect!

Beacon chain, the mechanism behind the up gradation and the next phase of update would merge with the blockchain network and be called the Mainnet. Being the most awaited phase, the transition is expected to happen soon! On a successful launch, the network can process up to 100,000 transactions per second.

Mark Cuban, the co-founder of the network, reported that the version 2 launch will continue to roll out. He also added, 'The impact of Ethereum could be greater than imagined'. Cuban also believes that the upgrade will be hugely favorable for the network. Currently, ETH is overshadowing Bitcoin's daily transactions. Eth2 received objections earlier this year and the delay added to the list. In spite of the criticisms, Ether is seen on the bullish cards currently.

What lies in the destiny of ETH? It's all below!

Ethereum Price Prediction 2021

This year has been the bullish year for Ethereum, where it resumed trading with $737.71 on January 1, and surged greeting touching its $1000 juncture in no time. While it was rising gradually, the market crashed on May 19, causing a short setback to ETH price where it fell near $1,782.57 and slowly dipped from there.

With further improvements, the advent of Ethereum 2.0, that promises to bypass Bitcoin’s setbacks, the price may rise consistently throughout the year. However, if ETH manages to outgrow Bitcoin, it might smash a high of $3635.89 to $3712.24, this year end. On an extended bullish possibility due Elon Musk’s recent idea to bridge Ethereum with Dogecoin, the price may skyrocket to even $5,000 by this year’s end. ETH can be seen striking at this value if the idea turns into a reality, as many influencers have predicted the same.

Also, if Ethereum fails to improve its scalability and falls prey to any bugs, the ETH market can collapse with price dipping even up to $2417.88.

If Ethereum does not successfully launch new updates and delays the development like it is doing currently, criticisms may arise and so, the price may move to an average price of $3165.64. This figure accounts for Ethereum holding its current traders who buy and sell ETH keeping the pressures balanced.

ETH Price Prediction 2022

If Ethereum hits the predicted high as this year closes, it may commence the year 2022 with the same bullish trend, it may trade in between $3816.55 and $3919.59. In contrast if it hits the minimum values as this year ends, the price will resume in 2022 being bearish and may be seen at $2428.96 by January 2022.

The price may surge significantly with certain variations throughout the year if ETH might concentrate more on its developments and scalability issues. If the network successfully upgrades ETH 2.0 matching user’s expectations, Ether may hit as high as $5962.33.

If the network manages to carry over the current investors to the following year successfully, with no significant updates and usual buy and selling pressures, ETH might trade at $5311.98 by the end of 2022. And if the market collapses like it did earlier this year, and makes bears outgrow the bulls anytime, the price may plunge substantially and strike a low of $4629.12. However, it can recover quickly and hit the $5000 range in a short time span after the crash.

ETH Price Prediction For Next 5 Years

If the ETH ecosystem focuses on boosting the network ventures, it may concentrate on new projects, developments, and partnerships to enhance the Ethereum network. If scalability is up to the mark, and ETH 2.0 becoming user friendly, by the end of 5 years, ETH is anticipated to hit $13,757.41.

With newer updates related to Ethereum 2.0 like abandoning the PoW, most investors are likely to stick to the network and let ETH trade at around $11,010.03 or more. However, if the change of proof of work to proof of stake is debated or a possible crash occurs due any possible regulations can cause uncertainty that may cause the ETH price to fall substantially to $8521.63.

What Does the Market Say?

1) WalletInvestor

According to WalletIinvestor’s algorithm based forecast, they have revised their algorithm based forecast for the coming year’s average price into $3416.140. They believe that Ethereum is highly profitable and estimate the long term earning potential for the crypto to be +71.34% in one year.

2) TradingBeasts

TradingBeasts predicts a reasonable prediction year on year without much volatility. The analyst of the platform predicted the price to hit $25415.14 which is a revised update of their previous prediction of $2513, by the year end.

3) DigitalCoinPrice

According to DigitalCoinPrice, Ethereum might steadily rise to $3591.69 by the end of 2021. In the coming year the price will surge to $4587.07, which is roughly twice its current price.

4) LongForecast

According to LongForecast, Ethereum would cost between $3127 and $3627 by the end of 2021. The price change is estimated to be around 34% by December.

EXPERT’S CORNER | What experts say about Ethereum?

Prakash Chand, a Crypto expert has predicted bullish figures for the altcoin to hit $6k to $9k.

According to another buzz, Ether downtrend lines on June 9th is expected to move on.

Know Our Ethereum Price Prediction

According to Coinpedia’s formulated Ethereum price prediction, With the bullish rally, Ethereum’s price propelled to $1014.20 to start the year 2021. Ethereum may continue the price rally and might reach newer heights. Ethereum would focus on enhancing the security of the users. And by doing so, by the end of 2021, Ethereum could hit $3711.12. On the other hand, price fluctuations or increasing FUD among investors can be a possible setback for the crypto, and thereby the price may see a dip around $2416.70 by the year end.

Also Read: Verge Price Prediction, Will XVG Price Reach $0.1 by end of 2021?


ETH began rising steadily in January 2016 and reached a price peak at $15 in March. But immediately after which, because of the Ethereum hard fork, the price fell two times lower.

For some months, the price of Ethereum fluctuated between $8 and $14. Ethereum was added to its list of backed assets in September by the Ledger Nano S hardware wallet, thereby allowing the coin to hit the $15 price.

Ethereum suffered from a DDoS attack on September 22 and this resulted in the network to get slowed down. This led to a prolonged downward trend that lasted until December. By the end of 2016, ETH’s exchange price had peaked at around $7-9.


For Ethereum, 2017 was a bullish year as in the first two months, the coin made a solid run at $23. In March, the price of Ethereum pumped to $53 and then increased to $95 in the next month. Another price push happened in June, with the coin touching $400. This continued until mid-November when the price of Ethereum stabilized at the price range of $270-350.


Meanwhile, Bitcoin was gaining traction over the same time span and hit $20,000 its ATH. Ethereum followed in the footsteps of Bitcoin and soared in January 2018 to its own high of $1,400. The Ethereum price took another jump upwards on January 8th to cross the $1250 mark before collapsing into a swift correction.

The ensuing trends with regard to the ETH price were primarily a reactionary expression of those of Bitcoin, which saw it spinning its tires during the year in a bearish pattern. As a result, Ethereum finished the year well over the price mark of $130.


Ethereum was trading from $100-140 at the beginning of 2019. In April, the first upward trend began. Ethereum began to rise rapidly, tracking the price of Bitcoin and hit $300 in June. ETH was unable to retain these positions, though, and began moving back to its former price marks. Ethereum began increasing again in December 2019 and hit $280.


Ethereum continued 2020 with its price trading at $143.85 during January. Progressively, ETH rose to $268.07 by February. Later, the price of Ethereum declined to $117.48 by mid of March due to the Covid-19 outbreak which resulted in the major downfall of crypto assets.

Further by the end of April, it had returned to its pre-COVID price and reached $200. With certain variations, Ethereum’s price spiked to $459.76 by September and further propelled to $609.75 by the end of November as the expansion of the price rally held by Bitcoin. Moreover, the much-awaited ETH 2.0 Beacon chain went live on December 01, and many expected the price would propel above $1000, yet in contrast, the price dropped miserably. However, at the end of December 2020, the ETH price recovered a little and traded at $706.14.

Also Read: Dogecoin Price Prediction: DOGE Price Forecast For 2021 and Beyond


What is Ethereum 2.0?

Ethereum 2.0 is an updated version of the existing Ethereum blockchain, which aims to increase the efficiency, scalability, and speed of the Ethereum network.

What is gas and what does it do?

Gas is the small type of work processed on the Ethereum network. Gas measures the amount of work to be done by miners in order to include transactions in Block.

Is Ethereum legally accepted?

Yes, Ethereum is legally accepted in several nations like Japan, Germany, Switzerland, United Kingdom and many more. Moreover, in many countries, Ethereum and other currencies are regulated and taxed accordingly.

Will the Ethereum ecosystem address high gas fees?

Recently, a network upgrade called Berlin has been rolled out mainly to address the skyrocketing gas fees issue.

Where can I buy Ethereum?

Ethereum can be traded on several exchanges like Coinbase Pro, Binance, Kraken, Bitfinex and many more.

What does the Ethereum ecosystem support?

Ethereum blockchain is considered as the promoter of a decentralized ecosystem by building numerous DEX, DApps, and many more yet to come on its blockchain.

Disclaimer: This piece of Article is only for informational purposes. It is not trading or financial advice.


Created by

Azla Hurrein







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