Ethereum (ETH) Price Prediction 2025-2030: How long will ETH move sideways?
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Ethereum’s (ETH) price revealed escalating disagreement among traders over the future of the market in March. Due to this unpredictability, the price of ETH has been consolidated since 15 February inside a constrained sideways range between $1,600 and $1,700.
Read Price Prediction for Ethereum [ETH] 2023-24
The unpredictability is caused by Ethereum’s long-awaited Shanghai upgrade, which is expected to become operational in March. A short-term sell-off event is expected to follow the update, which will allow stakers to withdraw their vested tokens from Ethereum’s proof-of-stake (PoS) smart contract.
The Ethereum community seems to be supportive of Coinbase’s recently revealed layer-2 network, Base, which has been called a “watershed moment” and a “huge confidence vote” for the blockchain network.
Base, a layer-2 network driven by Optimism and secured on Ethereum, seeks to eventually develop into a network for creating decentralized applications (dApps) on the blockchain. According to Brian Armstrong, CEO of Coinbase, the layer-2 network is now in its testnet phase.
The move is “a massive vote of confidence for Ethereum,” according to Ryan Sean Adams, host of the Bankless Show. This could set a precedent for cryptocurrency businesses and financial institutions to use Ethereum as their preferred settlement layer.
Recently, Vitalik Buterin, the creator of Ethereum, donated $150,000 in ETH to Syrian and Turkish victims. Additionally, the native coin of the Ethereum blockchain, ETH, experienced a significant price drop after whales sold 350,000 ETH tokens.
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