Ethereum Price Prediction: ETH Price Races Towards $1700 Again, Moderate Bullishness Ahead!

Key Takeaways

• Ethereum’s price shows a recent recovery of over 5.5% in the past week and nearly 3% in the last 24 hours, demonstrating improved bullish traction.
• Despite the recent recovery, Ethereum remains below the $1,700 mark. The breakout from a bearish descending triangle pattern on the charts indicates a positive sign for the crypto.
• Ethereum’s technical analysis remains in a state of indecision with a 66% bullish sentiment and 34% bearish sentiment. The 50-day and 200-day exponential moving averages‘ bearish cross in September 2023 could add further selling pressure.
• Support for Ethereum can be found in the $1,500 to $1,550 range, which is a psychological level and aligns with the S2 of the Fibonacci pivot level.
• For Ethereum to regain a strong bullish momentum, it needs to breach the $1,700 mark, and its price currently hovers around $1,670 as of the article’s writing.

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Ethereum Overview as of September 29, 2023

Ethereum Price	$1,670
24 Price Change	3%
7D Price Change	4.9%
Market Cap	$201 billion
Circulating Supply	120.23 million
Trading Volume (24-Hour)	$6.8 billion
ATH	$4,891.70
Fear-Greed Index	48 (Neutral)
Sentiment	Neutral
Volatility	1.71%
Green Days	18/30 (60%)

Ethereum Technical Analysis

Bullish	66%
Bearish	34%

Caption: ETH/USD | Source: TradingView

• Ethereum price over the past week has gained some much-needed traction on the bullish side, recovering more than 5.5% in the past 5 days – and almost 3% in the past 24 hours alone!
• ETH price is still trading below the $1700 mark – but has broken out of the bearish descending triangle pattern on the charts – which is a pretty bullish indication for the altcoin king, after quite some time of exhibiting bearishness. 
• On the downside, the next level of support for the token is in a region between $1500 and $1550, which is a psychological level and also roughly coincides with the S2 of the Fibonacci pivot level.
• However, ETH price needs a lot more to regains a strong bullishness, since the 50-day and 200-day exponential moving averages underwent a bearish death cross early in September 2023, which can be expected to add further selling pressure into the market.
• On the upside, the ETH token’s price would need to breach the $1700 mark to continue its bullishness going forward. Thus, the potential remains pretty equal on either side, with ETH prices trading roughly around $1670 as of writing this article.
• Bitcoin and Ethereum prices had started off 2023 on a decently positive note, with both gaining similar amounts in percentage terms – but more than halfway through 2023 – we see that while Bitcoin has managed to maintain its strength, Ethereum has lost a significant portion of its gains. ETH price is down about 20% from YTD highs of $2100 (achieved in April 2023) but is about 40% up in 2023 so far.

Read More: Bitcoin Price Prediction

ETH Price Prediction 2023-2030

Year	Minimum Price / Maximum Price
2023	$2150 to $2380
2024	$6150 to $7200

Ethereum Price Prediction October 2023

The broader crypto market has been consolidating within a range between $1 trillion to $1.08 trillion over the last couple of weeks. Thus, this consolidation can be expected to hold for the time being. Despite seeing some bullishness in the token – the overall price action in Ethereum is still undoubtedly weak. This weakness can be expected to continue until of course, ETH price manages to breakout of the $1700 mark, which is not too far away from current market price. 

Entering the final quarter historically sparks bullish sentiment, often linked to traders’ increased optimism. While a slight rise in buying pressure is expected, prevailing bearish momentum might retain influence. The month’s outset is likely to witness a phase of consolidation, with the price trading within a narrow region. October is often referred to as “Uptober” in the crypto world as historically, it has been a positive month for the crypto market. Thus, if we see a breakout from $1700 soon, we could see ETH price reattaining $1900!

Ethereum Price Prediction November 2023

A surge of momentum is anticipated in the crypto markets as Q4 progresses. Ethereum’s bullish trend could intensify, propelling prices upward. By mid-month, the price is predicted to approach the $1970 range. In the latter half of the month, Ethereum’s value is expected to experience a substantial upswing, potentially surpassing the $2000 mark. 

This could attract profit-taking bears aiming to exert downward pressure. Yet, a resilient rebound is likely, leading to a month-end closure in the vicinity of $2100 to $2150. As Q4 unfolds, the crypto landscape may witness an exciting interplay of forces, driving Ethereum’s trajectory towards higher values.

Ethereum Price Prediction December 2023

Approaching the year-end, anticipation centers around heightened volatility potentially liberating Ethereum’s price from bearish constraints. Growing bullish dominance might elevate it beyond the $2100 threshold, forming a robust foundation for a substantial upward push toward ambitious targets.

In the lead-up to year-end, Ethereum seems to harness potent bullish momentum. Initial projections indicate a spike surpassing $2200, followed by bullish determination propelling it closer to $2500. While bears might aim to exert downward pressure, the trade’s conclusion could witness Ethereum holding firm around the $2450 to $2525 range.

Ethereum Price Prediction 2024

The bullish conclusion of 2023 could lay the foundation for the second-largest crypto’s robust surge at the outset of 2024. A remarkable price spike might elevate it significantly, surpassing the $2800 mark. Despite this, the ascent could be constrained below $2900, possibly leading to a decline of around $2750 by H1’s end.

As mid-Q3 unfolds, a vigorous rebound could set the stage for an enduring upward trend. Sustaining its climb, Ethereum’s trajectory could culminate in a strong late-year bull run, potentially breaching its current all-time high. Consequently, the year’s closure could position Ethereum’s value between approximately $6500 and $7200, showcasing the crypto’s promising journey through 2024.

Ethereum Price Prediction 2025

Ethereum’s price has demonstrated a robust upward trajectory in 2024. A bullish year-end may lay a solid foundation for further upward movement towards ambitious targets. Bolstered by strong bullish momentum, the bears might remain subdued until a new yearly high is established.

Entering the year’s second half, the upswing could intensify, potentially propelling prices to surpass the significant $10,000 milestone and reach a new all-time high. However, bearish activity could increase as these levels are breached, prompting a modest pullback. As the year concludes, this pullback might evolve into a more pronounced downtrend, potentially closing the year’s trade within the range of $4800 to $5200. Ethereum’s dynamic journey in 2024 highlights its resilience and potential for notable price movements.

Ethereum Price Prediction 2026

2025 saw a descending trend that persisted, potentially evolving into a bear market by the first half’s close. A significant drop of over 50% in ETH price might have occurred as bearish dominance grew.

In the latter half, bearish momentum could have intensified, accelerating the bear market. This might lead to a substantial decline of 75% to 80% from peak values. As the year concludes, Ethereum could trade in the range of $3200 to $3500, wrapping up 2026 on a bearish trajectory. The year’s dynamics underscore the challenges of a prolonged downturn, influencing Ethereum’s valuation and market sentiment.

Ethereum Price Prediction 2027

Emerging from severe bearish pressures, traders may anticipate a significant recovery at the year’s commencement. However, the descending trend could persist, with the bear market potentially bottoming out in Q2. This might lead to a robust rebound, stalling the downward trajectory.

Ethereum’s price might stabilize within a defined range in the latter half of the year. A period of sustained consolidation could precede a bullish breakout. This shift may fuel a healthy upward trend, culminating in a year-end valuation likely between $3500 and $3800. The year’s narrative highlights Ethereum’s resilience, as market forces shape its trajectory, pivoting from bearish struggles to a potential bullish resurgence.

Ethereum Price Prediction 2028

Commencing the year, Ethereum’s price could soar with a pronounced upward momentum, facilitated by a robust recovery phase. This resurgence may extend through the month, aiming to reclaim lost ground. By the first half’s conclusion, Ethereum might regain its position above $4000, forming a strong foundation for a subsequent healthy upward surge.

The latter half could witness a consistent pattern of ascending highs and lows, reflecting remarkable bullish vigor. This upward momentum may persist, maintaining an elevated trajectory until the year’s end. As the year concludes, Ethereum’s price may range between $5800 and $6000, emphasizing its potential for sustained growth and market resilience.

Ethereum Price Prediction 2029

Anticipated for 2029, a robust recovery phase is poised to ignite Ethereum’s trajectory, enabling bullish dominance to flourish. Throughout the initial half, a gradual ascent may propel prices beyond $700. The potential for bears to intervene could be diminished by prevailing bullish control.

In the latter part, the projected upswing gains momentum, possibly evolving into an impactful bull run. This surge might drive prices close to previous highs. While a minor pullback could occur in pursuit of the $10,000 milestone, the year’s closure could see Ethereum trading between $8500 to $9800

Ethereum Price Prediction 2030

In the early days of 2030, Ethereum’s price could reclaim its position above $10,000, establishing a robust upward trend. The bulls might confidently drive an ascent, propelling the price toward a new all-time high (ATH) above $12,000, potentially representing a pinnacle within the ongoing bull market. However, subsequent to reaching this peak, a significant pullback might ensue.

As the year progresses, the descending trend could persist, testing lower support levels. Initially dropping below $10,000, the Ethereum price might stabilize for a period. Nonetheless, during Q3, this downward momentum could intensify, ultimately leading to a bearish year-end close within the range of $9200 to $9500. Ethereum’s journey in 2030 reflects the dynamic interplay of market forces, encompassing both bullish surges and bearish adjustments.

Additional Read: Solana Price Prediction

Will the Ethereum Price Rise Again in 2023?

The Ethereum price’s prospects for a resurgence in 2023 exhibit a nuanced picture. Recent indicators reflect a recovery of over 5.5% in the past week and nearly 3% in the last 24 hours, signaling a revived bullish momentum. Moreover, the breakout from a bearish descending triangle pattern on the charts suggests a potential reduction in selling pressure. However, this optimistic outlook is tempered by the presence of a bearish death cross formed in September 2023, as the 50-day and 200-day exponential moving averages crossed. This typically exerts downward pressure and could hinder a robust recovery. Ethereum currently stands around $1,670, with a key resistance level at $1,700. Technical analysis shows a split market sentiment, with 66% bullish and 34% bearish, indicating indecision in the market. Ethereum’s ability to regain strong bullish momentum in 2023 will likely be influenced by factors like market sentiment, external events, and its capacity to overcome key resistance levels. Hence, while the recent signs are promising, the potential for a price rise in 2023 remains subject to various market dynamics and technical factors.

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Values as of September 29, 2023. 

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