Buterin recently proposed EIP-7706 to optimize call data costs and enhance blockchain security.
Analysts predict Ethereum price could reach between $5,000 and $7,000, and as high as 10,000 – $15,000 by the end of the bull run.
Ethereum is a proof-of-stake blockchain that supports decentralized applications (dApps) through smart contracts and operates without a centralized authority. As the first blockchain to implement smart contracts, it boasts the largest ecosystem of dApps, which includes various platforms such as decentralized exchanges and crypto lending and borrowing services.
Additionally, Ethereum hosts numerous Layer 2 solutions that provide users with a more affordable and efficient way to process transactions on the blockchain. Among these solutions are Arbitrum, which aggregates multiple transactions into a single transaction on Ethereum, and Polygon, a Proof-of-Stake sidechain that runs parallel to the Ethereum blockchain.
Ethereum price is trading at $3137 at press time, having decreased 7% in the last 24 hours and increased 56.9% in the past 1 year.
Blockzeit indicators suggest a bullish sentiment on the price of ETH in the market at present.
Ether (ETH) Coin And Network Review
Ethereum (ETH), the second-largest cryptocurrency by market cap, has been a trailblazer since its launch in 2015. As the first blockchain to implement smart contracts, it powers decentralized applications (dApps), DeFi protocols, and the NFT ecosystem, cementing its position at the heart of Web3 innovation.
A pivotal moment in Ethereum’s history was the Merge, transitioning the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This shift slashed energy usage by 99.95%, making Ethereum more eco-friendly and scalable while aligning with global sustainability efforts.
The EIP-1559 fee burn mechanism has made Ethereum a deflationary asset by reducing its circulating supply, increasing scarcity, and boosting investor confidence. Co-founder Vitalik Buterin recently proposed EIP-7706 to optimize call data costs and enhance blockchain security with a new Gas
A fee paid to conduct transactions and execute smart contracts on the Ethereum network.
” href=”https://blockzeit.com/glossary/gas/” target=”_blank” data-gt-translate-attributes=”[{” attribute=”” tabindex=”0″ role=”link”>gas type for transaction calldata.
Beyond its native ETH token, Ethereum supports ERC-20
ERC-20 (Ethereum Request for Comment 20) is a technical standard used for all smart contracts on the Ethereum blockchain for token implementation.
” href=”https://blockzeit.com/glossary/erc-20/” target=”_blank” data-gt-translate-attributes=”[{” attribute=”” tabindex=”0″ role=”link”>ERC-20 tokens, which serve various purposes, including governance, utility, and stablecoin functionality (e.g., USDT and USDC). While these tokens drive adoption, all transactions on the network still require ETH for gas fees, underscoring its critical role in maintaining the blockchain’s functionality. Despite challenges like high fees, Ethereum’s constant innovation secures its lead in the decentralized future.
The circulating supply of Ethereum is around 120 million. As it is an inflationary cryptocurrency, there is no maximum supply limit.
Why Ethereum Price May Pump
Ethereum’s ecosystem, ETF, and staking opportunities attract institutional investors.
Staking momentum continues to grow, withover 29 million ETH currently staked, representing about 24% of the total supply.
Layer-2solutions like Optimism and Arbitrum are making Ethereum more scalable and cost-efficient.
The rise of decentralized finance (DeFi) and NFTs establishes Ethereum as a vital player in the financial revolution, making it essential for both developers and investors.
Why Ethereum Price May Dump
Macroeconomic challenges such as high inflation, rising interest rates, and a potential recession make risky assets like cryptocurrencies volatile.
Staking is essential for the network, but unlocking events can pose risks.
Increasing competition from platforms like Solana, Avalanche, and Cardano poses a challenge for Ethereum.
The SEC’s growing scrutiny of cryptocurrencies may present challenges for Ethereum.
Ethereum Price Technical Analysis
The chart is trading within a 6-week timeframe and shows Ethereum (ETH/USDT) moving in a well-defined ascending channel, indicating a bullish long-term trend with higher highs and higher lows.
The price is currently positioned at $3,137.64, having rebounded strongly from the lower boundary of the channel near $1,800 and now approaching resistance in the $3,500–$3,600 zone.
ETHUSDT Chart by Tradingview
The bullish thesis for ETH would be invalidated if the price breaks decisively below the $1,800 support zone, which includes the 50-day Simple Moving Average (SMA) and the lower boundary of the ascending channel.
This would signal a shift in market structure to bearish, especially if accompanied by strong selling volume and an RSI drop below 40, indicating waning momentum.
Support and Resistance Levels
Current support is around $1800, but the $2400-$2500 range also forms a strong support that has held strong multiple times during the consolidation phase. It may find further support at $2000 if the price breaks lower. This long-term historical low will likely be revisited if an extreme market collapse occurs.
On the other hand, the immediate resistance is around $4868. A breakout above this level could lead the price to $5000 and later $10000
Long-Term & Short-Term Trade Recommendations
A bearish breakout below the current price could trigger a short-term buying opportunity around the $2400—$2500 range.
As an initial step, a potential target of $400 could be set.
If the price breaks above $4868, stops can be moved higher, and targets can be adjusted to $10,000.
Ethereum Price Prediction 2025:Will the Price of ETH Soar to $15000?
Ethereum’s price is expected to see substantial growth by 2025, with analysts predicting it could reach between $5,000 and $7,000. Some bullish forecasts even suggest it might soar as high as $10,000.
Ethereum’s optimistic price outlook is fueled by its deflationary economics, introduced through the EIP-1559 fee-burning mechanism, which reduces supply over time.
Coupled with staking that locks up a large portion of ETH, the scarcity effect strengthens the potential for price growth. Upcoming upgrades like “Proto-Danksharding” promise to enhance scalability, lower fees, and boost efficiency, which could attract more developers and users to the network.
Beyond its technical advancements, Ethereum’s dominance in DeFi and NFTs—powering 70% of decentralized finance protocols and 80% of the NFT ecosystem—solidifies its position as a Web3 leader. Its expanding role in real-world applications like supply chain management, gaming, and digital identity further strengthens its utility, ensuring long-term value and appeal.
Conclusion
Ethereum’s evolution continues to solidify its position as a cornerstone of the blockchain ecosystem. Upcoming upgrades like Proto-Danksharding and growing institutional interest further enhance its growth potential. While challenges like regulatory scrutiny and competition exist, Ethereum’s robust network, scalability improvements, and expanding use cases make it a compelling investment and a critical player in the future of Web3.
