We all have seen the surge in cryptocurrencies such as Bitcoin, Ethereum, and many others in 2020. As the CoVid-19 pandemic was on to rise, the global economy weakened considerably. It led to massive investment opportunities for cryptocurrency enthusiasts, followed by institutional support that was never before.
When we look forward to talking about Ethereum, it had a comparatively slow first half in 2020. Well, since the advent of a pandemic to February 2021, Ethereum has surged to 1800% in price. What does the trend say about Ethereum? Should we buy Ethereum in India? What could be the Ethereum price prediction? Will Ethereum touch the price mark of $5000? There are a lot more questions in your mind. And you will get all your answers in this blog.
What Historical Prices Suggests About Ethereum Price?
In the early days, Ethereum started its journey with as low as $1 per coin. Tempus fugit! We see now Ethereum touching the price marks of $2,999. From January 1 to May 12, 2021, Ethereum has seen a surge of 500% in price. But later, the market crashed, and Ethereum nearly fell off the belt by a 50% decrease in the price.
The circle of life never halts, and Ethereum begins to recover soon. While recovering from the losses, Ethereum price fluctuated, ranging between $2,000 and $2,700 until the end of July.
The month of August was full of surprises as Ethereum was all set to launch its new upgrade. The EIP-1559 London hard-fork launched on August 5, 2021, and Ethereum price prediction to cross $3000 was deemed possible. Investors positioned themselves for the upgrade and resulted in the Ethereum price surging by 70%, with price fluctuation between $2947.94 to $3046.52 to date (October 1, 2021).
With further improvements, Ethereum price prediction will be on its new upgrade Ethereum 2.0, designed to increase the efficiency, scalability, speed of the Ethereum network. Considerably, Ethereum price will manage to outgrow Bitcoin, and Ethereum might surge to $4500 to $5000 by the end of this year (2021).
Also Read: Step-by-Step Guide to Learn How to Trade Ethereum (ETH) on Flitpay
Insights to a Few Ethereum Price Prediction from the Cryptocurrency World
Seeing such a bearish trend is a sign for Ethereum admirers. Investors are keenly waiting to see a slightly higher bearish push of the new upgrade, i.e., Ethereum 2.0. The price analysis of reaching the price mark of $5000 is deemed possible, but let's have a look at what others have to say about the trend.
Magnetic Managing
“Director Megan Kaspar, who called ether’s tripling to top $3,000 back when it was still closer to $1,000 in January, told Yahoo Finance Friday that the second-largest cryptocurrency by market cap could still hit her $8,000 to $10,000 price target in 2021.”
The Daily Hodl
Finder surveyed 42 crypto experts, with more than 25 providing ETH price predictions for not only the end of 2021 but also the end of 2025 and 2030. While the panel on average sees ETH ending 2021 at $4,596, those projections get even juicier going forward, with the average projection for 2025 hitting $17,810, and 2030 cresting $71,763.” - Zak Killermann
Forbes
Billy Bambrough said, Now, as Cardano and Solana make double-digit gains and outpace other cryptocurrencies, famed investment strategist Lyn Alden has predicted Bitcoin will hit $100,000, and Ethereum will reach $5,000 as soon as next year.”
Forkast
Michelle Lim seemed much confident while stating, “The panel was also more bullish on Ethereum’s price in the medium and long term, predicting that the price of Ethereum will go up to US$17,810 — almost four times their prediction for 2021 — by the end of 2025 and US$71,763 by 2023.”
The global leaders in the cryptocurrency world indicate that the Ethereum price is much understandable and hiking as perceived. It is to see whether the price submitted on average will likely meet the Ethereum hodler's expectations or not.
Also Read: The 10 Most Popular Cryptocurrencies in India Other Than Bitcoin
What does Flitpay's Prediction say?
Examining the scenario, historical data, and influence Ethereum have had left on the investors, it is not a sin to say that it may hit the benchmark of $5000 later this year if the uptrend continues. Only because if Ethereum 2.0 fails to improve its scalability and falls prey to any bugs, the Ethereum market will collapse. It will lead Ethereum price to fall, at least 20% in the future. If the Ethereum new upgrade fails, the investors may see a dip to $2400 by the year-end. Therefore, by the end of 2021, the Ethereum price may hit the potential high of $5200 to a potential low of $2400 roughly.
After reading through such positive statements, there is a sense of happiness can be seen in you. Now, you might want to know should we buy Ethereum in India. Of course, Yes. Cryptocurrency is a global market, and if you see the opportunity to enter the trend, grab the possibility. We cannot tell you the exact date when the Ethereum price in India will hit the benchmark of 3,71,485.00 ($5000) [USD to Rupee conversion], but it may most likely be there soon if the Ethereum 2.0 does not fail.
