Seasoned traders and crypto experts keep on talking about the alt season, and some predictions are already coming true. During the past couple of weeks, Ethereum kept pace with Bitcoin in its upward trend. Unsurprisingly, there might be fundamentals involved and the transaction volume on the Ethereum blockchain was clearly on the rise.
At the moment of writing, the Ethereum price is balancing around the $183 mark and even though it is still too early to make confident predictions – and Ethereum’s price is still tightly knit to Bitcoin’s – the $200 price point seems fairly achievable. After all, Ethereum has gained more than 8% during the past seven days and around 5% in the last month.
But will Ethereum’s price continue soaring? Is it going to hit its all-time-high anytime soon? Let’s see what the crypto community thinks.
Ethereum Price Prediction for 2020: Traders’ View
At the end of September, one Twitter-famous trader The Wolf of All Streets started an experiment and shared his trading tips with Cointelegraph. The idea was to not only keep a journal and show his trading routine, but to also talk about profiting from trading Ethereum (and Ripple).
In his attempt to backtest and review candle patterns in plain sight, he probed both pairs ETH/BTC and ETH/USD, and managed to gain profits in either case. Which basically once again proved that technical price analysis works for all coins.
But Ether still remains a controversial trading asset. Many traders seem to have a pessimistic view towards Ethereum’s performance while others stay confident that the coin has every chance to pleasantly surprise us all in the course of events.
However, almost everyone agrees that Ethereum’s price depends heavily on the core technology that paved the way for a number of independent projects from stablecoins to blockchain games to the myriad of decentralized applications.
Another crypto trader DonAlt has shaken the community with his ‘mega moon’ predictions and kept on posting bullish updates for a while.
While traders are working their magic to profit from the Ethereum price regardless of what’s going on in the tech community, the experts have their own ideas about the way its price is going.
Ethereum Price Prediction for 2019-2020: Experts’ View
Crypto experts have a tendency to stay positive. Everyone’s waiting on Ethereum to finally come up with a scalability and speed solution which will most definitely kickstart its price ascent.
Ethereum Price Prediction: $1000
In one of his videos, youtube blogger The Crypto Lark explains his point of view on how Ethereum’s price can go back over $1,000 after the end of the ICO era. Assuming that the scaling problem as well as speed and some of Ethereum’s other pressing issues are eventually resolved, he is positive that the price can climb high again.
Ethereum Price Prediction: $2,500
One of the boldest Ethereum price predictions belongs to Nigel Green, the CEO of the deVere Group. Earlier his guess was $2,500:
“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 with a further increase by 2019 and 2020 … This general upswing will be fueled by three main drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing.”
Ethereum Price Prediction: To the Moon
Of course, there are quite a few Ethereum enthusiasts who believe the price will skyrocket and take to mind-blowing heights. To name just a few, Ethereum’s co-founder Steven Nerayoff in his interview with CNBC in 2018 was pretty confident that in 2019 Ethereum’s price could reach $3,000. Sadly, as we look at the situation in the crypto market today, it seems rather unrealistic.
Unexpectedly, the prediction of Ethereum’s co-founder was not the most bullish one. Brian Schuster, the founder of Ark Capital, made another startling prediction for Ethereum’s price to reach $100,000 and replace all the other currencies completely.
“This gives us a potential market capitalization of roughly $10 trillion, leading us to believe that the price of Ethereum might rise as high as $100,000 per coin. We might even go one step further and say that Ethereum is not like one asset, but an asset to replace all currency that exists.”
While hardly anyone is willing to believe that, the situation is likely to change once Ethereum 2.0 is out.
The Bottom Line
If you’re a trader, you probably know how to benefit from Ethereum’s price regardless of its total value. For holders, things are getting more complex. It all depends on how long you’re planning to hold. Leaving jokes aside, if you’ve got a decent amount of Ether under $200, chances are you’re probably going to profit from it but not immediately. Once the price surpasses the $200 mark, buying in becomes a little riskier.
Are there any signs that the Ethereum price is heading to $1,000 where it once used to be? Although it might be in a distant future, the charts are still indicating a positive price movement.