Ethereum Price Prediction $100,000?: How Long Will It Take?
Since its launch on July 30, 2015, Ethereum has had very many milestones, including at one point trading as low as $0.42. After hitting this price level of $0.42 in Oct 22, 2015, which is its all-time price low, Ethereum started making gains in the markets, partly due to the growing trend of cryptocurrency use and its continued updates such as Frontier, Byzantium, and Constantinople.
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ETH Price History 2018 to 2023
By January 13, 2018, Ethereum had already hit the $1,000 milestone. The price level of over 1,000 was very significant for the crypto, which in 2015 was trading below a dollar.
During that time, many people expected the aggressive trend to continue and possibly hit $5,000 within a year or two. Unfortunately, that did not happen, and Ethereum entered a long-term bearish trend that lasted from February 2018 to January 2021.
Hope for Ethereum was reignited again during the 2021 crypto boom that saw Ethereum become one of the largest gainers in the markets for the year. It is also in 2021 that we saw Ethereum hit its all-time high price level of $4,891.70 on Nov 16, 2021. That year, Ethereum closed the markets with a price gain of 400 percent.
Unfortunately, the trend never continued in 2022, with Ethereum dropping by 67 percent for the year. Also, gains made in 2023, whereby Ethereum’s price gained 90 percent, were still below what had lost in 2022, when it opened in January at $3675 and closed at $1195.
See related: Which Crypto Will Explode in 2024?
Looking forward to $5,000
This year, Ethereum has looked a little positive, and despite it only gaining one percent year-to-date, there is a lot of hope that the crypto will resume its 2021 bullish levels.
First, there is the improving conditions of the cryptocurrency markets, as evidenced by the latest filings from BlackRock and VanEck to launch Bitcoin ETFs.
In most cases, such positive news for the industry has a reverberating impact on the entire cryptocurrency market, and this latest move is likely to see them rise.
Secondly, Ethereum is already in a long-term bullish trend. As evidenced by last year’s 90 percent price gain, the current trend is also likely to replicate last year’s performance.
With the current Ethereum price standing at around $2270, another 90 percent price gain for the year 2024 will put the Ethereum price for the end of the year at around 4,300.
A small improvement to last year’s gain and Ethereum will break its all-time price high of $4,891 and trade above the $5,000 price level by the first day of January 2025.
The analysis above is not even the best-case scenario of what we can expect.
It extrapolates data from last year and assumes it will perform just minimally better.
What this shows us is the potential of Ethereum to reach $5,000 within a year from now. In the worse case scenario, we expect Ethereum to at least be trading at around $3,500 by year’s end.
See related crypto forecasts for: AVAX | SHIB | Kusama | Sushi
When Will Ethereum Hit $10,000?
The next price level in our analysis of Ethereum’s path to $100,000 is on when we can expect it to hit 10,000.
Again, we can still extrapolate from the information we used for our analysis in the $5000 section.
To do this, we can look at the above monthly chart and realize that by January 2025, Ethereum will be trading above its all-time price high of over $4,800, possibly over $5,000.
Therefore, in the best case scenario, that 2024 and 2025, the trend of 2023 continues with the same aggressiveness, then we expect Ethereum to be trading at least above the $8,100 level by January 2026.
In our case, this is the best-case scenario because last year may be a fluke. However, at that rate, we should expect it to hit $10,000 in the first half of 2026. This is the best-case scenario.
Fortunately, the best-case scenario is also very highly probable based on historical price analysis.
For instance, looking at the chart above, we can see that in 2021 alone, Ethereum was able to rise by 400 percent, with its value going from $737 at the start of the year to closing the year at $3675 after setting an all-time price high of over $4800.
In our worst-case scenario, when we can expect Ethereum to hit $10,000 between 2026 and 2030 if it averages between 35 percent and 45 percent annual price gains per year. The price level is still impressive compared to traditional markets.
When will Ethereum hit $50,000 and $100,000?
As we have determined above, we expect Ethereum to be trading above $10,00 between 2026 and 2030. Now, when it comes to trading between $50,000 and above $100,000, there are a number of facts, and price history we need to put in mind.
The first fact is that, out of thousands of cryptocurrencies that exist today, only one cryptocurrency has ever traded above $50,000, and that is Bitcoin. Secondly, there has never been a cryptocurrency that has traded above $100,000 or hit near it.
At its peak, Bitcoin only managed to hit $68,789, and this was followed by a decline, which saw its value dropping below $20,000,
As for Ethereum, do we believe that it will hit $50,000? Yes! We do. We also believe that it will hit $100,000. One of the reasons we have this view is because Ethereum is the second largest cryptocurrency by market capitalization, behind Bitcoin.
Also, Ethereum, in all metrics, is the natural inheritor of any small success that Bitcoin makes.
So, when will it reach the $50,000 and $100,000 price level? It all depends on how aggressive the Ethereum will be trading.
If we assume that Ethereum will continue increasing at an annual average rate of about 35 percent, which is realistic, considering that it has done better on average in the past 9 years, then we expect it to hit $50,000 in 2036 and by 2038, it will be trading above the $100,000.
The speculation above is very conservative. Using historical data on Ethereum, we can also make another prediction on when Ethereum can hit $100,000.
In 2017, Ethereum opened the markets trading at $8.16, since then, prices have gone up, and today’s current price is $2267.
This is a growth of over 20,000 percent in six years, or an annual price or an annual average growth of approximately 123 percent per annum. This is almost the same growth rate that we saw last year when Ethereum’s price surged by 90 percent.
Using a similar annual growth rate as from 2017 to date, we see that, in the best case scenario, Ethereum has a possibility of hitting $50,000 in 2028, and it will trade above $100,000 by the end of 2029.
Therefore, with these bounds of data, we can extrapolate that for Ethereum to hit $50,000, the best-case scenario is 2028, and the worst-case scenario (conservative analysis) is 2036.
To hit $100,000, the best case scenario points to 2029, and the conservative analysis points that Ethereum will hit it in 2038.
Summary
The bottom line is there is a huge potential for Ethereum hitting the $50,000 and $100,000 in the coming years. Long-term investors will reap big, and their patience will be rewarded.
