Ethereum (ETH) Price Prediction: Could Rise to $15,000?

Bittime - With the latest upgrade called Pectra, there are predictions that the price of Ethereum could soar to $15,000 in the next few years. 

Is it true? Read this article to find out how this Pectra Upgrade may affect the price of ETH!

Ethereum Price Prediction: Pectra Upgrade

Pectra Upgrade is an Ethereum network update that aims to address key issues, namely high gas fees and network congestion.

This upgrade increases efficiency by speeding up transaction processing and reducing the data load on the blockchain.

This provides great benefits for DApps and DeFi projects, as well as attracting the interest of large institutions to invest in Ethereum, as well as predictions that the price of Ethereum could experience a significant increase.

Read Also: Ethereum (ETH) Price Prediction According to Experts: Can It Rise Above $4,000?

Ethereum Price Prediction: ETH Performance At the moment

For Ethereum price prediction, let's look at ETH's performance. On December 30, 2024, the price of ETH was recorded at around $3,411.37, with a market capitalization of around $411 billion. However, ETH faces a significant resistance level at $3,500.

On the support side, the key levels to watch are $3,250 and $3,200. The RSI indicator is currently at 53, which indicates neutral market conditions, with the potential for upward or downward movement depending on buying or selling pressure.

In recent months, Ethereum recorded a trading volume on DEX platforms of $84.168 billion in December, up from $70.635 billion in November. 

However, this figure is still less than Solana ($107.865 billion) and Binance Smart Chain ($91.444 billion).

Ethereum Price Prediction: Rise to $15,000 

Famous analyst Alan Santana gave a prediction that Ethereum's price could reach $15,300 in 2025, which is based on technical patterns and Ethereum's long-term growth potential.

With the Pectra Upgrade, Ethereum can strengthen its position as the platform of choice for blockchain applications, including DeFi, NFTs, and AI-based projects. 

If this update successfully addresses gas fee and transaction speed issues, demand for ETH could increase, pushing the price of ETH to even higher levels.

However, to reach the $15,000 target, Ethereum will need to break through several important resistance levels, including $3,500, $4,000, and so on. 

Read Also: Top 5 Meme Coins on the Ethereum Network, There are Shiba Inu and FLOKI!

Ethereum FAQs

What is Ethereum?

Ethereum is a blockchain-based platform that allows developers to build and run DApps. By using smart contracts, Ethereum ensures that transactions and agreements are executed automatically without the need for intermediaries. 

How many Rupiah is 1 ETH?

Currently, 1 ETH is worth IDR 53,729,376 based on the Bittime market. 

1 ETH How much is USD?

Currently, 1 ETH is worth $3,296.22 according to Coinmarketcap. 

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Coinspeaker, Rally to 15k $ Imminent? How Pectra Upgrade Enables Bullish Ethereum Price Prediction – Ethereum News Today, accessed January 8, 2025.

Coinmarketcap, Coinmarketcap Ethereum Currency, accessed January 8, 2025.

Author: IPR