Ethereum (ether or ETH) is the native token of the Ethereum blockchain. The Ethereum blockchain is open-sourced and enables anyone to write smart contracts on it for the development of decentralized applications (dApps).

Most of the dApps that are developed in the Ethereum blockchain are hosted as ERC-20 tokens which are in their hundreds of thousands. Presently, transactions in the tokens are carried out by using ether in buying the gas fees.

What is Ethereum?

Ethereum is a cryptocurrency that was co-founded by Russian Vitalik Buterin with other cofounders like Gavin Wood, Charles Hoskinson, and others in 2013. It raised over $18.3 million through its public sale of 60 million Ether in 2014 at an initial coin offering price of $0.311. It uses the Solidity programming language that is highly secured to ensure that assets stored in private wallets are saved from attacks.

Ethereum is a community-driven coin that wants to ensure that everyone in the world can transact with ease and also launch their projects on the platform. The native token Ether attained an all-time high price of $4,891.70 on November 16th, 2021 during the bullish run of some of the top 100 cryptocurrencies.

Let's see the Ethereum price analysis for the coming years.

Price Analysis of Ethereum Coin

Flashback: Fundamental Analysis of Ethereum

Fundamental analysis has to do with ways through which news and announcements can affect the price of an asset. In the Ethereum community, there is news that has increased the positive sentiments that investors have for it in the long term.

In recent news, it was announced that the Ethereum blockchain will be migrating to the Proof-of-Stake (POS) consensus mechanism from the present Proof-of-Work (POW) algorithm that it uses. This news is a welcome development among the users of the Ethereum blockchain since the POS mechanism will reduce the high fees paid by users in carrying out transactions on the blockchain in the form of gas fees. This exorbitant fee is one of the reasons why Ethereum competitors are attracting projects that are previously launched on Ethereum to either move multi-chain or move away from it to platforms with almost the same capacity and minimal transaction fees.

Also, in another news on continuous Ether burn is increasing the trust that investors have for the coin, since all the ETH burned are forever lost and can be traded again. Burning is a mechanism where a given quantity of a coin/token is sent to a dead wallet where it not never be transferred into circulation again. This reduces the quantity of the asset in circulation and can sometimes increase the price depending on the volume of buyers. Ever since the launch of the Ethereum London fork in August 2021, ETH worth over $1 billion had been burnt.

Now, we shall use charts to discuss the price analysis of Ethereum.

<img class="wp-image-229286 size-full aligncenter" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/93lyNqdj.png" alt="" width="1280" height="598" />

From the link above, the relative strength index (RSI) value of Ethereum is 46.79 which means that the present trend is weak since it lies between 30 and 50. More buyer's pressure can change the present bearish trend to be bullish.

<img class="wp-image-229285 size-full aligncenter" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/BxoWyyvm.png" alt="" width="1280" height="598" />

The link above represents a 1day chart of ETH/USDT using the Keltner channel that helps to know the direction of a trend. Since the present candlestick is within the second part of the curve from the top and is bearish, the price of Ethereum might plummet further.

<img class="aligncenter wp-image-229284 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/Ri20Uyyq.png" alt="" width="1280" height="598" />

From the link above, since the 200-MA is above the 100-MA, we can deduce that Ethereum is bullish in the long term.

The section below shows the Ethereum (ETH) price prediction for the next five years.

Ethereum Price Prediction 2022

By the end of the first quarter of 2022, the price of ETH might reach $2,870. However, it will be within the range of $2100 and $3,100 by the end of the second quarter of 2022. By the end of the third and fourth quarters of the year 2022, ETH prices will be within $2950 to $3,900 and $2,500 to $6,500 respectively.

Ethereum Price Prediction 2023

The price of Ethereum might reach $7,000 by the end of the first quarter and $8,000 by the end of the second quarter. In the third and fourth quarters of 2023, ETH prices might be $6000 and $9000 respectively.

Ethereum Price Prediction 2024

The price of Ethereum might reach $10,000 by the end of the first quarter and $12,000 by the end of the second quarter. In the third and fourth quarters of 2024, ETH prices might be $16000 and $19000 respectively.

Ethereum Price Prediction 2025

The price of Ethereum might reach $17,000 by the end of the first quarter and $18,500 by the end of the second quarter. In the third and fourth quarters of 2025, ETH prices might be $20,000 and $22,000 respectively.

Ethereum Price Prediction 2026

The price of Ethereum might reach $22,000 by the end of the first quarter and $24,500 by the end of the second quarter. In the third and fourth quarters of 2025, ETH prices might be $26,000 and $30,000 respectively.

Ethereum (ETH) Price Prediction: Market Sentiment

Ethereum price prediction by well-known media platforms is explained below:

Wallet Investors

According to Wallet Investors, the price of ETH will be $7,000 by the end of 2022 and $20,000 by the end of 2026.

DigitalCoinPrice

According to DigitalCoinPrice, the price of Ethereum reach $7,000 by 2024 and will reduce in growth in 2025 before rising again.

CoinQuora

According to CoinQuora, the price of Ethereum will reach $7,500, $10,000, $12,500, $20,000 and $30,000 in 2022, 2023, 2024, 2025, and 2026 respectively.

Our Ethereum Price Prediction

Considering the continuous burning of Ethereum and also the news of the migration to the Proof-of-Stake mechanism, the price of ETH might reach $30,000 in the next five years.

Conclusion

From the fundamental analysis, charts, and market sentiments around Ethereum, we can deduce that the price of Ethereum will be bullish in the future which will reward long-term investors.

Ethereum Price Prediction 2022-2026-Will ETH Price Hit $6500 by the end of 2022?

Ethereum is a community-driven coin that wants to ensure that everyone in the world can transact with ease and also launch their projects on the platform.

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

Ethereum Price Prediction 2022-2026-Will ETH Price Hit $6500 by the end of 2022?

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