Ethereum Price Prediction 2024-2033
- Ethereum Price Prediction 2024 – up to $5,382
- Ethereum Price Prediction 2027 – up to $16,814
- Ethereum Price Prediction 2030 – up to $50,783
- Ethereum Price Prediction 2033 – up to $149,991
“The Merge did not change anything for holders/users.” Is that a fact? Crypto prices are unlikely to see a major recovery without new or returning investors bringing cash back into the market. Unless the retail people enter the market, Ethereum won’t strongly blast above ATH. Maybe something sparks retail, though, like Coinbase, NFT marketplace, etc. There is also much wealth out there in the hands of whales.
How Much Is Ethereum Worth?
Today’s Ethereum price is $4,008 with a 24-hour trading volume of $22,948,065,605. Ethereum is up 1.35% in the last 24 hours. The current CoinMarketCap ranking is 2, with a live market cap of $479,848,400,904. It has a circulating supply of 120,089,623 ETH coins and the max. supply is not available.
Ethereum Price Analysis: ETH Hovers Around $4,008 as Bullish Momentum Builds up
- Ethereum price analysis indicates an uptrend
- ETH is trading above the $4,000 level
- The immediate support is currently present at $3,932.
Ethereum price analysis indicates ETH opened the daily trading session with a slight increase, reaching highs of $4,008 during the day. From there, it dropped slightly to a low of $3,932 before bouncing back up toward its current price of around $4,008. Ethereum price action has been relatively bullish in the last few hours as it has firmly reclaimed the key psychological level of $4,008.
The primary catalyst behind the recent price movement has been the positive sentiment in the cryptocurrency market as a whole. Ethereum has shown great strength recently, continuing to resist negative changes despite a strong downward pull. This is good news for the market, which has been facing problems due to major events like the collapse of FTX and other companies.
Ethereum Price Analysis on a Daily Chart: Sideways Movement
The ETH price has been relatively stable over the past few hours. The sideways movement is indicative of a bullish trend, which should continue as long as the market continues to hold up. The key support level is currently at $3,932 and resistance levels are present at $4,085 and $4,008 the current level.
The market has experienced low volatility in the last 24 hours, trading in a range between $3,932 to $4,085. This means that ETH is unlikely to face any major changes until the market becomes more active. According to the Ethereum price analysis, ETH is likely to consolidate in the short term and then increase moving forward. ETH/USD pair is building momentum that could lead to an upward price movement in the next few hours and the moving average lines are crossing to give a bullish signal.
ETH/USD 1-day price chart By; TradingView
The 50-day moving average line is above the 100-day moving average, indicating an uptrend. The MACD is also giving a bullish signal and RSI fluctuates in the overbought zone at 78.91. which signals an imminent price increase. In terms of technical indicators for the ETH/USD pair, it seems that a bullish movement will be forthcoming in the short term. The $1,200 level also represents a significant psychological level that must be overcome for any further gains to be made.
Ethereum Price Analysis on a 4-hour Chart: Bullish Momentum Builds Up
Ethereum price analysis indicates that ETH has been steadily gaining traction in the last 4 hours and looks poised to continue this upward movement as a positive sentiment. Ethereum is up by 1.35% over the past 24 hours as the bulls are slowly building momentum and the ETH/USD pair could continue to remain above $4,000.
The 4-hour chart is positive up to $4,008 with strong resistance at $4,085 while the key support is supported at $3,932 in case it breaks the current upward movement.
The market is showing signs of a bullish trend, which is going to run the price above $4,000 as soon as it reaches an active trading period. A bearish reversal could take place if ETH moves below $3,932 but this is unlikely considering the recent positive sentiment in the cryptocurrency market.
ETH/USD 4-hour price chart By; TradingView
The Relative Strength Index (RSI) fluctuates around the overbought zone at 54.92 and has a few indicators of divergence which indicates that ETH price movement could be followed by a correction. The Moving Average Convergence Divergence (MACD) line is at 35.0, indicating a bullish trend.
The ETH price is likely to continue its positive movement as the MACD indicator shows a bullish crossover. The ETH/USD pair could break $4,008 and achieve steady gains in the next few hours if it maintains momentum.
Ethereum Price Analysis Conclusion
ETH price analysis indicates that Ethereum is experiencing a strong bullish trend at the moment, which should continue as long as the market remains active. The next few hours will be critical for Ethereum price movement, and we will likely see strong gains as long as there are no major changes in the cryptocurrency market.
Is Ethereum a good investment?
Ethereum is the leading platform for smart contracts and decentralized applications, fostering a robust development ecosystem. The anticipated upgrade to Ethereum 2.0 could significantly improve its scalability and reduce environmental impact through a transition from proof-of-work to proof-of-stake consensus. These developments could increase its attractiveness to investors seeking exposure to innovative blockchain technologies. However, the volatile nature of cryptocurrency markets and the emergence of competing blockchains mean that risk factors remain.
Our price prediction shows if this coin will gain value in the next few years.
Ethereum Recent News/Opinions
Ethereum Co-founder Vitalik Buterin Launches Cutting-Edge Defense Against Deepfake Threats
Ethereum’s co-founder Vitalik Buterin has introduced an innovative security framework designed to bolster the integrity of digital communications. The advent of AI-generated falsified audio and video has magnified the urgency of discerning genuine content from fabrications, a challenge that became starkly evident following a $25 million fraud incident involving a deepfake video call. Buterin’s strategy, which revolves around custom-tailored security inquiries, offers a robust verification tool in a landscape where conventional security measures are increasingly falling short.
Addressing the profound security concerns triggered by deepfake advancements, Buterin’s initiative seeks to safeguard digital interactions and transactions. This technique, which focuses on personalized questions drawn from mutual experiences and knowledge, is particularly adept at thwarting attempts by outsiders to impersonate someone else. It exploits the distinct advantage of human memory and relational bonds, domains where artificial intelligence and deepfakes have yet to make significant inroads. The approach requires crafting questions that delve into specifics unlikely to be public knowledge or easily unearthed, thereby erecting formidable barriers against identity theft and digital fraud.
Buterin’s security proposition does not stop at personalized questions. He underscores the importance of a layered defense mechanism, incorporating tactics like agreed-upon secret codes distress signals, verifying critical transactions through multiple channels, and imposing delays on significant operations. This comprehensive stance on digital security underscores the acknowledgment that no single measure is infallible and that a multifaceted approach is essential for robust protection against the sophisticated threats posed by deepfake technologies.
Ethereum Price Predictions 2024-2033
Ethereum Price Forecasts by Cryptopolitan
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $4,635 | $4,774 | $5,382 |
| 2025 | $6,698 | $6,937 | $7,918 |
| 2026 | $9,608 | $9,885 | $11,492 |
| 2027 | $13,829 | $14,224 | $16,815 |
| 2028 | $20,302 | $20,871 | $23,938 |
| 2029 | $29,785 | $30,620 | $35,731 |
| 2030 | $41,686 | $43,217 | $50,783 |
| 2031 | $59,860 | $61,588 | $72,608 |
| 2032 | $86,402 | $89,482 | $104,928 |
| 2033 | $128,978 | $132,557 | $149,991 |
Ethereum Price Prediction 2024
For 2024, the Ethereum market is forecasted to demonstrate substantial growth. According to our Ethereum price forecast, the minimum trading price is expected to be $4,635, marking a significant increase from the previous year. The average price of Ethereum is anticipated to stabilize around $4,774. With ongoing developments in the Ethereum ecosystem and favorable market dynamics, Ethereum could reach a maximum price of $5,382 by the year’s end.
Ethereum Price Prediction 2025
In 2025, Ethereum’s trajectory is projected to continue its upward trend. The minimum price is expected to be approximately $6,698, suggesting continued investor confidence and market expansion. The average trading price is likely to be around $6,937. With advancements in blockchain technology and increased adoption, Ethereum’s maximum price could escalate to about $7,918 by the end of the year.
Ethereum Price Prediction 2026
The forecast for 2026 indicates robust growth for Ethereum. The minimum price is anticipated to rise to $9,608, driven by technological innovations and wider market acceptance. An average price of $9,885 reflects steady market consolidation. The year could see Ethereum reaching a maximum price of $11,492, influenced by positive market trends and technological advancements.
Ethereum Price Prediction 2027
In 2027, Ethereum is predicted to reach new heights. The minimum trading value is expected at $13,829, indicating a strong bullish market sentiment. The average price of Ethereum could be around $14,224. With continued growth and adoption, the maximum price for Ethereum during the year could soar to $16,815.
Ethereum Price Prediction 2028
For 2028, a bullish trend is expected to persist for Ethereum. The minimum price could be around $20,302, with an average trading value projected at $20,871. The maximum price for Ethereum in 2028 is estimated to reach a remarkable $23,938, potentially driven by further advancements in Ethereum’s platform and broader crypto market dynamics.
Ethereum Price Prediction 2029
In 2029, Ethereum is forecasted to maintain its upward trajectory. The minimum price is predicted to be $29,785. The average value is expected to stabilize at approximately $30,620. A potential maximum price value of $35,731 could be achieved, reflecting growing investor trust and technological evolution in the blockchain sector.
Ethereum Price Prediction 2030
For 2030, the projections suggest a continued upward trend for Ethereum. The minimum price is expected to be around $41,686. The average trading price is forecasted to be approximately $43,217. The maximum price could escalate significantly, reaching as high as $50,783, possibly influenced by landmark developments in the Ethereum ecosystem and wider crypto market trends.
Ethereum Price Prediction 2031
The year 2031 is anticipated to see Ethereum reaching new frontiers. The minimum price is projected at $59,860, with an average price expected to be around $61,588. Ethereum’s maximum value could peak at $72,608, potentially due to groundbreaking advancements and increasing global adoption of blockchain technology.
Ethereum Price Prediction 2032
For 2032, Ethereum is expected to maintain a steady growth trajectory. The minimum price is forecasted to be $86,402, with an average price anticipated at $89,482. The maximum price could reach an impressive $104,928, reflecting sustained growth and innovation within the Ethereum network.
Ethereum Price Prediction 2033
In 2033, Ethereum’s growth is expected to continue robustly. The minimum price is predicted to be a remarkable $128,978. The average Ethereum price could be around $132,557, and the maximum estimated price might scale up to an impressive $149,991, showcasing the potential for continued expansion and innovation within the Ethereum platform.
Ethereum Price Prediction by Wallet Investor
Wallet Investor predicts that Ethereum is a bad long-term investment. According to them, Ethereum will be worth $3043.642 in one year. They predict the coin will devalue by 65.972% in five years.
Ethereum Price Prediction by CryptoPredictions
According to CryptoPredictions, Ethereum will have a maximum trading price of $3,812 by the end of 2024. However, the lowest trading price of the coin is expected to be $2,592, while its average trading price is expected to be $3,049 by then.
By 2026, the ETH coin is predicted to have a maximum price of $3,308. The minimum price of the coin is expected to be $2,249; the average price is expected to be $2,2646
CryptoPredictions also predicts that Ethereum will have a maximum price of $4,459 by 2028. The average trading price of the coin is expected to be $3,567, with a minimum price of $3,032 .
Ethereum Price Prediction by Digital Coin Price
Digital Coin Price is bullish on Ethereum. Their forecast predicts the coin will be worth a maximum of $8,439 by the end of 2024. The average trading price of the coin by then is expected to be $8,115, while its minimum price is expected to be $3,485.
By 2027, ETH is expected to have a maximum price of $17,639, with a minimum price of $14,933. The average trading price of the coin is expected to be $17,553.
Furthermore, Digital Coin Price predicts that Ethereum will have a maximum price of $28,729 with a minimum price of $26,187 by 2030. The average trading price of the coin by then is expected to be $27,308.
By 2033, Ethereum is expected to have a maximum price of $75,475, according to Digital Coin Price. By then, they predict that the coin will have a minimum price of $72,814, with an average trading price of $74,474.
Ethereum Price Prediction by CoinCodex
CoinCodex predicts that Ethereum is a good long-term investment. They predict the coin will be worth $6,266 in one year.
Based on the historical price movements of Ethereum, the yearly high of Ethereum price prediction for 2029 is estimated at $11,571. Meanwhile, the price of Ethereum is predicted to reach a yearly high of $12,361 by 2030.
Ethereum price prediction by industry experts
Popular crypto influencer Ben Armstrong is bullish on the price of Ethereum in 2024. He predicts that if Spot ETFs get approved mid-cycle in 2024, he expects ETH to reach an all-time high of $33,000.
Currency Overview
| Cryptocurency: Ethereum | Ticker Symbol: ETH |
| Price: $3,936 | Cryptocurrency: Ethereum |
| Circulating Supply: 120,183,226 ETH | Trading Volume: $3,46B |
| All-time high: $4,891.70 | All-time low: $0.4209 |
Ethereum Price History
Ethereum’s price history suggests that crypto was worth significantly less in 2022 than in late 2021, although nowhere near the lowest price recorded. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world’s most expensive NFT for over 38,000 ETH – or 69.3 million U.S. dollars. Unlike Bitcoin – of which the price growth was fueled by the IPO of the U.S.’ biggest crypto trader Coinbase – the rally on Ethereum came from technological developments
More on the Ethereum Network
Ethereum Milestones
Burning Ethereum is September’s event and frazzled many nerves who do not understand the burning process. The Ethereum network experienced a significant upgrade on August 5, 2021, which led to massive Ethereum burning.
It is called the London Hard Fork, and the latest upgrade was about five Ethereum Improvement Proposals (EIPs). These include EIP 1559, which aims to boost cryptocurrency mining and increase the speed of Ethereum-based network users.
Ethereum Merge
The Merge refers to the joining of the original execution layer of Ethereum with its new proof-of-stake consensus layer, the Beacon Chain. The Merge eliminated the need for energy-intensive mining and enabled the network to be secured using staked Ethereum. It is an exciting step in realizing the Ethereum vision—more scalability, security, and sustainability.
Initially, the Beacon Chain shipped separately from Mainnet. Ethereum Mainnet – with all its accounts, balances, Smart contracts, and blockchain state – continued to be secured by proof-of-work (POW), even while the Beacon Chain ran in parallel using proof-of-stake (POS). The Merge was when these two protocols finally came together, and POS permanently replaced POW.
Ethereum is a spaceship that launched before it was ready for an interstellar voyage. The community built a new engine and a hardened hull with the Beacon Chain. The upgrade merged the new, more efficient engine into the existing ship.
Merging with Mainnet
On 15 September 2022, the Beacon chain successfully merged with the Ethereum mainnet completing Ethereum’s transition to proof-of-stake consensus, officially putting ETH miners out of work and reducing energy consumption by ~99.95%.
POW secured Ethereum Mainnet from Genesis until The Merge. POW allowed the Ethereum blockchain we’re all used to come into existence in July 2015 with all its familiar features—transactions, smart contracts, accounts, NFTs, ERC protocols, etc.
Throughout Ethereum’s history, developers prepared for an eventual transition away from POW to POS. On 1 December 2020, the Beacon Chain was created as a separate blockchain to Mainnet, running in parallel.
The Beacon Chain was not initially processing Mainnet transactions. It reached a consensus on its state by agreeing on active validators and account balances. After extensive testing with validators, it became time for the Beacon Chain to reach a consensus on real-world data leading to Merge. The Beacon Chain became the consensus engine for all network data, including execution layer transactions and account balances.
Proof-of-stake validators adopted the role of miners and are now responsible for processing the validity of all transactions and proposing blocks.
No transaction history was lost in The Merge. The Merge also included the entire transactional history of Ethereum.
Eth and its ERC derivative users do not need to do anything with your funds or wallet to account for The Merge. ETH is ETH. There is no such thing as “old ETH”/”new ETH” or “ETH1″/”ETH2.0,” and wallets work the same after the upgrade.
The Merge and Sharding
Initially, the plan was to work on sharding before The Merge to address Eth scalability issues. However, with the boom of robust layer 2 scaling solutions, the priority shifted to swapping POW to POS first.
Sharding is the next major upgrade planned on the Ethereum mainnet. Considering the rise and success of layer 2 technologies to scale, sharding plans have shifted to finding the most optimal way to distribute the burden of storing compressed call data to allow exponential growth in network capacity.
Sharding would be impossible without the first transition to POS.
What’s Ethereum Triple Halving?
The miners producing blocks on Ethereum are receiving approximately 14,000 new ETH per day. The chain’s inflation rate is somewhere around 4.5% annually and has no fixed supply, unlike Bitcoin.
The POW chain was shut off forever and replaced with a more efficient POS chain. Instead of miners, validators (stakers) will receive ~1,400 new ETH per day. The chain’s inflation rate was projected to drop to 0.5% annually, just 10% as much as today!
That’s cool, what about gas fees? Two things.
One is an upgrade from last August, EIP1559. All base fees are burned. Since then about 3% of the annual supply of ETH has been burned. With EIP1559 and the POS merge the total issuance will be around -2.5% per year. Ethereum will become deflationary.
And two… Contrary to popular belief POS will not reduce gas fees. It’s only meant to reduce the amount of new ETH being created. Gas fees will likely rise to uncomfortable levels and maintain until sharding potentially ~6 years out.
Welcome to Rollup-Centric Ethereum
Rollups reduce gas fees by 100-1000x essentially by rolling 100-1000 transactions into one single transaction. Some with the ability to use a mix of on and off-chain data computation.
The more congested the network is, the cheaper it becomes since there are more people to split the one gas fee with, opposite of what we have today.
But the greater concern is whether the current Ethereum Price Prediction algorithms will hold with the new structure. How will the projected Merge affect $ETH prices? Some of the ETH/USD price surges have been attributed to the general market trend reversal spurred by the slowing pace of inflation, but a great deal of outperformance is related to the Merge.
Ethereum Virtual Machine
The EIP 1559 upgrade considered the criticism faced by Ethereum for the rising transaction costs and network congestion by introducing the latest Ethereum burning method that simplified the process. Since the EIP 1559 upgrade, more than 300,000 Ethereum coins worth over $1 billion have been burned or taken out of circulation.
While speculators forecast that Bitcoin will be a store of value, supply and demand indicators reveal that Ethereum will likely morph into a world computer with the help of the Ethereum Virtual Machine.
Ethereum price predictions are essential for every investor looking to try his luck in the crypto industry. After the recent introduction of the network upgrade, Ethereum experienced a resurgence in demand and price action due to its value which could be expanded with NFT and DeFi spaces alongside its status as the ‘first-mover’ in the world of blockchain.
The most recent news item around Ethereum and EIP 1559 is a research paper published by students at Peking University, which Ethereum founder Vitalik Buterin applauded.
Also, it was revealed recently that the after-effects of the London upgrade have already kicked in as the network 36 percent of newly issued Ethereum in just about two days.
Liquidity Depth of Ethereum
The liquidity depth of Ethereum and what developers have in mind to resolve scalability make Ethereum a topic of discussion across social media platforms.
There are Ethereum speculators angling to clip volatility and profit, but there are actual Ethereum holders and believers amid them.
Following the “DeFi Summer 2020”, it became painfully obvious that Ethereum could not scale, making it expedient to migrate from PoW to PoS consensus mechanism. Instead of miners, PoS relies on ETH stakers to validate transactions. That’s cleaner, faster, more scalable, and cheaper.
ETH’s Fundamental Analysis
Decentralized Applications (DApps) and Smart Contracts may be built on Ethereum’s open-ended, blockchain-based, public software platform. The usage of smart contracts eliminates the need for a third-party middleman. In a nutshell, smart contracts have well-specified terms and procedures in place to enforce them.
In contrast to conventional contracts, smart contracts are written in code that a computer can execute, eliminating the possibility of ambiguity. The smart contract code is performed on the Ethereum network, a single decentralized computer. As a result, all participating computers will agree on the outcomes of all smart contracts on the Ethereum network.
It is common for traditional software to depend on a central authority for data storage and processing. This necessitates faith in centralized power. Using smart contracts on the Ethereum network, decentralized applications (DApps) may be created. Data may be stored in smart contracts. The Ethereum network ensures that the smart contract code carries out all data activities. In other words, the data is safe and secure without the need for a single trusted source of information.
Ethereum Mining
Developers require Ethereum to build and execute apps on the Ethereum network. Payments for transaction fees and computational services may be made using Ethereum, a cryptocurrency.
Users may transmit Ethereum to other users using smart contracts, and developers can design arrangements that receive, keep, and transfer Ethereum. The Ethereum network uses mining to create Ethereum by validating transactional data. “Miners” are the people who do this validation.
Ethereum is given to miners that successfully validate a series of transactions. Miners adhere to a set of cryptographic principles that ensure the whole network’s stability, security, and safety. A digital public ledger known as blockchain records and verifies Ethereum transactions.
How do you get Ethereum?
Ethereum may be obtained in a variety of methods:
- ETH may be acquired on an exchange by using fiat cash.
- Exchanges that provide a BTC-ETH pair may trade ETH for Bitcoin.
- In certain cases, you may get it as a gift from someone else.
- There are two ways to get it: As a miner, either by joining a mining pool or acquiring a cloud mining contract
You may buy the cryptocurrency on Binance, OKEx, Mandala Exchange, CoinTiger, and Huobi Global are presently the leading cryptocurrency exchanges for trading Ethereum.
Ethereum Network History (2015-2022)
2014 – 2016
By August 2014, Ethereum had raised $18.4 million via an initial coin offering. They completed their test net, Olympic, in May 2015 and went live two months later in July 2015 with Frontier. But the first actual “stable” Ethereum was Homestead which was activated roughly a year later, in March 2016.
Because of developers’ forecasts and a prediction of a future shaped by the pure utility, a noteworthy development in Ethereum’s history is the DAO hack of June 2016. 15% of the network’s flexible total supply was siphoned on that day because of an Ethereum vulnerability exploit. This theft depressed ETH’s price but soon after, the price recovered, performing spectacularly over the years.
Because of a difference in ideology-and whether the best course of action was to recover stolen coins through a change in consensus, or hard fork, formed Ethereum Classic.
2017 – 2019
Code-improvement-wise, there has been a significant milestone. The first was Homestead, but it wasn’t until 2017 that Byzantium was activated.
Later Constantinople and Saint Petersburg saw the hardening of Ethereum miner rewards, the introduction of code that reduces the cost of smart contracting, and other features.
At the same time, the Ethereum network transits to Ethereum 2.0, whose game end, Serenity, could cement Ethereum as a leader in smart contracting and dApp deployment.
Most of these features were implemented a year later, in 2018, with blockchain technology.
Underpinning Ethereum is a decentralized open-source node system built or derived on some bits of Bitcoin’s source code.
The critical distinction is introducing a Turing complete virtual machine and smart contracts that enable code execution once certain on-chain conditions are met between the two transacting parties.
Because of smart contracts, the development world hasn’t been the same. An Ethereum smart contract is nothing more than a piece of self-executing code that, once executed, is irreversible, open, and immutable.
Like Bitcoin, Ethereum runs on its blockchain and has its native currency, Ethereum (ETH), and Solidity’s programming language. While Ethereum tokens comply with different standards, ERC-20, ERC-1155, or ERC-721-Non-Fungible Tokens (NFT), all fees are paid in Ethereum (ETH).
2019 – 2021
Ethereum ushered in new financing models in initial coin offerings, ICOs, immutable dApps, and most recently, decentralized finance (DeFi).
DeFi democratizes finance, is open, and owners of Ethereum can borrow in exchange for a stable coin or earn interest when they lend out their stash.
Even though Ethereum is a success and Ether-a digital currency valuable, it faces a scalability challenge because of too much use. The Proof-of-Work (POW) consensus model, Vitalik Buterin claims, is energy-intensive.
Combined with other factors, it could be hard to make Ethereum forecasts. There are several Ethereum proposals forwarded to resolve this.
EIP-1559 London hard fork has been deployed on the testnet, and now, there is a release of Ethereum 2.0, which will change the network forever.
The consensus is that the Ethereum network will shift from a Proof-of-Work to a Proof-of-Stake consensus model, which supporters say is energy-efficient secure.
2021-2023
In 2021-2023, Ethereum witnessed notable developments, primarily the transition to Ethereum 2.0, involving significant shifts like the move from proof-of-work to proof-of-stake (PoS), drastically reducing energy usage and enhancing transaction throughput.
This transition, known as “The Merge,” was a critical milestone in Ethereum’s roadmap, targeting greater scalability, security, and sustainability. Ethereum also saw growth in decentralized finance (DeFi) and non-fungible tokens (NFTs), with continuous improvements in smart contract functionalities and Layer 2 scaling solutions like Optimism and Arbitrum. These advancements reinforced Ethereum’s ecosystem, improving efficiency and user experience.
Additional revenue streams from staking
One Ethereum reached its maximum price in April-May; everything changed. It became the center of attraction for many DeFi projects, but the exorbitant transaction fee.
People had to pay an average price of $120 for completing their transactions, while Ethereum’s projected growth was estimated to blow off the charts. The rates got so high that projects started switching over to the TRON chain.
But after the London hard fork was implemented successfully on the Ropsten testnet. The EIP-1559 was a much-awaited improvement in the network. The advancement towards ETH 2.0 caused higher fees in April-May but went down as the traffic from TRON shifted back to Ethereum.
Conclusion
Experts have thoroughly examined Ethereum’s performance since its inception. Based on its solid fundamentals and potential, we also believe that Ethereum will remain relevant. The constant upgrades and growth of Ethereum suggest that 2024 and beyond will be promising for this technology. As more people gain confidence in blockchain solutions, Ethereum is poised to soar to new heights. Investors who hold onto ETH for the long term will likely see positive returns.
Read more on our resources to make an informed decision. Or if you have ETH, maybe our resources on wallets will be helpful.