The ETH price has hit a new all-time high of over $2,700. Last week, the price of the second-largest cryptocurrency by market cap jumped above the $2,500 mark for the first time. At the time of writing, Ethereum is trading at around $2,715. How high will Ethereum go?
Some analysts see further ETH growth, but how realistic are these expectations? Is there still time to invest in the ETH market for significant profits?
In this article, we’ll consider the price development of Ethereum as well as the Ethereum price forecast of analysts for 2021 and the coming years. So, how high will Ethereum go? Let’s try to find out!
How High Will Ethereum Price Go: ETH Price Forecasts
How high will Ethereum price go? It’s expected that the Ethereum future price will continue to rise in the longer term. Billionaire and investor, Mark Cuban, said in the Unchained podcast that after the upgrade, ETH apps will ‘overshadow’ the Bitcoin ones. Cuban said that he now holds ‘a lot more’ ethers than bitcoins.
Digitalcoin’s Ethereum price forecast is bullish and predicts that the price will double in a year, rising to as high as $4,510.89.
WalletInvestor also has an optimistic forecast for the Ethereum price development. The ETH coin is expected to be worth $3,394 in one year and $8,003 in 2026.
So, how high will Ethereum price go? According to the ETH price forecast made by the Economic Forecast Agency, the price will rise to $3,853 at the end of December 2021, reaching a peak of $7,432 in August 2022. Then the price will decrease to $5,638 by the end of 2022 and to $3,159 by December 2023.
How High Will Ethereum Classic Go in 2021: ETC Price Development
As with all other cryptocurrencies, it’s always difficult to make an accurate forecast for the price development of Ethereum Classic. How high will Ethereum Classic go in 2021? First of all, it’s necessary to note that ETC has many advantages over Ethereum and other cryptos.
Ethereum Classic has had similar success as other cryptocurrencies in the past. In particular, at the all-time high of 2017/2018, the price rose significantly. By mid-2018, however, the price fell again.
It should be noted that the cryptocurrency had a lower price increase than expected in 2020. At the same time, Ethereum and other similar competitors reached new highs.
The first few weeks in 2021 were quite positive. During the period from December 2020 to January 2021, Ethereum Classic saw growth of around 80 percent. Today (as of April 28, 2021) the cryptocurrency is trading at $34. Ethereum Classic still has the potential for significant price increases in the future. Thus, it remains to be seen how high will Ethereum Classic go in 2021.
How High Will Ethereum Go: Key Things to Know
Is Ethereum a good investment in 2021? Whether Ether is a good investment or not depends on your risk tolerance with respect to trading highly volatile assets.
Will Ethereum rise in the future? Analysts expect Ethereum to reach further highs as blockchain developers create new dApps. However, the prices of cryptocurrencies can fluctuate significantly, and the ETH price could fall sharply, even if the price forecast for 2021 looks bullish.
How high will Ethereum go in 2021? The increase to $2,700 is a major signal for more buyers to join the market. If there are enough ETH traders, the price will move towards $3,000.
How high will Ethereum go? What do you guys think? Feel free to share your price forecasts in the comments!