In Brief
Ethereum's Dencun upgrade is set to significantly improve blockchain efficiency and scalability, with a launch date of March 13.
Transaction fees on Ethereum's Layer 2 solutions are expected to decrease by at least 10 times, enhancing cost-effectiveness.
Analyst Wolf predicts a potential 500% bull run for Ethereum, pushing its price towards $14,000, following the Dencun upgrade.
Ethereum’s much-anticipated Dencun upgrade is set to revolutionize the blockchain industry. Scheduled for March 13, this upgrade introduces a series of improvements to enhance efficiency and scalability across the board.

Central to the Dencun upgrade is implementing nine Ethereum Improvement Proposals (EIPs), with EIP-4844, or proto-danksharding, stealing the spotlight.

Ethereum Transaction Fees Will Drop Drastically
The innovative proto-danksharding proposal introduces blob-carrying transactions. This novel approach drastically reduces data storage on the consensus layer by storing data off-chain and referencing it through a hash. It simplifies transaction verification and significantly lowers the data storage footprint, as blobs are not permanent and become inaccessible after about three weeks.

The implications of these enhancements are profound, particularly for Ethereum’s Layer 2 (L2) solutions. Indeed, the upgrade is expected to slash transaction fees by at least 10 times. Subsequently, marking a seismic shift towards making Ethereum more scalable and cost-effective.
This fee reduction will decrease transaction costs to as low as $0.02. This is a stark contrast to the current average of $0.23. Such a development may accelerate the adoption of Ethereum’s roll-up roadmap. Indeed, lower costs will make L2 solutions far more attractive and competitive.
“This long-awaited upgrade is forecast to cut costs for Ethereum’s L2s by at least 10x, making Ethereum more scalable and efficient. By leveraging rollups and temporary blob storage, the developers aim to increase throughput and reduce fees for users,” Lucas Outumuro, Head of Research at IntoTheBlock, said.
It is worth noting the L2 solutions sector showcases strategic divergence, as Arbitrum and Optimism adopt contrasting expansion approaches.
Arbitrum’s Orbit focuses on creating Layer 3 (L3) networks that leverage the existing liquidity and applications of its L2 ecosystem. On the other hand, Optimism’s strategy involves deploying multiple L2s in parallel to cater to a broader range of applications.

ETH Price Prediction: A New Uptrend Has Begun
As Ethereum embarks on a new chapter, it sets the stage for a transformative advancement. One that could redefine the future of blockchain technology and elevate its market valuation to new heights.

Crypto analyst “Wolf” noted the current bullish trends in Ethereum and how the upgrade’s potential signals a golden opportunity for investors.

“The chart for ETH is incredibly bullish. Ignoring the clear 18-month accumulation phase, reminiscent of previous cycles that have resulted in substantial gains, would be a missed opportunity of significant proportions,” Wolf said.
Drawing from Wolf’s insightful analysis, Ethereum appears poised for an explosive 500% bull run, potentially propelling its price toward an unprecedented $14,000. As the Dencun upgrade nears, anticipation mounts over Ethereum, becoming more accessible and affordable for users worldwide.

Ethereum (ETH) Price Prediction 2024/2025/2030

While the crypto market is buzzing with the talks of Bitcoin ETFs, Ethereum (ETH), the second-in-command in the crypto space, has started showing bullish signs. As of Jan. 22, 2024, the price of ETH is almost 4% up, month-on-month, amid talks of a possible Ethereum ETF in months to come. Amid the speculation and hype, we’ve put together a detailed and data-packed Ethereum price prediction to help you make sense of the future potential price path of ETH.

In This Guide:
Is Ethereum better than Bitcoin?
Ethereum price prediction and key fundamental metrics
Ethereum price prediction and technical analysis
Ethereum (ETH) price prediction 2024
Ethereum (ETH) price prediction 2025
Ethereum (ETH) price prediction 2030
Ethereum (ETH) price prediction until the year 2035
Does Ethereum have a future?
Frequently asked questions
Is Ethereum better than Bitcoin?
Before we discuss the metrics to gauge the future price of ETH, it is important to address an ideological debate. Firstly, if you are bullish on Ethereum, it might not be advisable to sow FUD around Bitcoin. BTC still enjoys a massive 50+ percent market dominance and is arguably the oldest commercial crypto. Yet, it is true that where price performance in 2024 is concerned, ETH has surged by almost 4%, year-to-date, compared to the -2.77% experienced by BTC.

And all that has happened with Bitcoin ETFs being approved. All that makes ETH look more bullish, at least in 2024. Ethereum also had its share of newsmakers in 2024, courtesy of the upcoming Dencun upgrade, which is expected to improve the network’s scalability. The Dencum upgrade, like the Shanghai, would introduce Ethereum EIPs, including the most important, EIP-4844, followed by the likes of EIP-1153, EIP-4788, and more.
Per the latest crypto market sizing report from Crypto.com, Ethereum has seen a 39% increase in adoption in 2023, compared to BTC’s 31%. The growth in the DeFi space, including the popularity of wrapped tokens, could be one of the reasons for this increased adoption rate.

Did you know? Ethereum’s Dencun upgrade combines Denub — a Cygnus Constellation and Cancun — a Mexican city.

Furthermore, Ethereum re-staking, a concept aimed to make ETH more useful via the Eigen layer protocol, is also picking up some much-anticipated attention. All of this indicates that while Ethereum might not be more popular than Bitcoin, it certainly shows more promise across diverse arenas.

Already stoked about the future of ETH from the previous sections? Well, let us move straight to the fundamentals.

Ethereum price prediction and key fundamental metrics
A quick metric to start this segment would be the transaction count. Notably, the transaction count surged towards the end of 2022, followed by a miraculous price surge in under a month.
A similar peak in the transaction count was recorded in September 2023, after which the prices surged slightly. It will be interesting to see if a January 2023-like surge happens, but the sign itself looks bullish.

Another bullish metric:
Another crucial metric to look at is the active address count. Notice how the peak in September 2023, post the Ethereum Merge, resembles that of December 2022. And the prices have increased since, showing a bullish trend for the price of ETH.
Before we delve into the technical analysis, the current price point (as of Jan. 23, 2024) of $2,400 is closer to the demand zone. Note that at this price, over 80% of traders are profitable. And the path forward, after the $2534 level, if reached, might quickly push ETH over the famed $3000 mark with minimal resistance.

Ethereum price prediction and technical analysis
Throughout the next few sections, we shall discuss the broader charts associated with the price of Ethereum. The idea will be to locate the average price percentages between the previously elapsed highs and lows to build a more accurate technical analysis and form a data-backed ETH price prediction. But before we delve into the weekly charts, let us do a quick short-term technical analysis to understand ETH’s near-term future price potential.

“Strong bounce from Ethereum resulting into a likely uptrend. Needs to break through 0.06 BTC to make sure that the trend can continue, but the weekly bullish divergence identifies that there will be substantial strength in the coming months.”

Michaël van de Poppe, founder of MN Trading: X
Short-term technical analysis of ETH
If you are looking to buy ETH in the immediate future, it is crucial to look at this analysis first:

At first glance, the coin price is making higher highs, which might look bullish. Yet, there remains a catch. ETH seems to have broken below the lower trendline of the triangle pattern. However, this wasn’t the case as a few trading sessions earlier, the upper trendline was breached with high volume, attracting several buyers.

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