The Ethereum (ETH) cryptocurrency’s price predictions over the past week have risen, with experts optimistic about the network’s upcoming Pecta upgrade. This past week, trading volume around the crypto was up as the price was trading lower. ETH is down in March, leading to many deciding to buy the dip. Now, with April right around the corner, hype is growing around the second-largest cryptocurrency by market cap.
Ethereum’s price recovery above $2k earlier this week reignited speculation that the coin might be set for a bull run this year. While Ether has since fallen back below $1,900, there is still plenty of activity around it. The Ethereum price prediction outlook has improved after developers successfully deployed the Pectra upgrade on the Hoodi testnet last week. This achievement is an important step toward the eventual mainnet implementation, which could happen as early as late April or sometime during Q2 2025.
Ethereum (ETH) Price Prediction: $10K In the Cards?
A lot of investors have been hoping for Ethereum to surge to the levels of Bitcoin (BTC) and crack five digits. The Pectra upgrade could be a catalyst for this climb, but it is expected to take years for Ether to reach $10,000.
The latest Ethereum price prediction data reveals a potential short-term rise to approximately $2,197.47 by April 1, which is about an 8.31% increase from current levels. According to CoinCodex’s monthly forecasts, ETH could possibly reach around $2,674.91 by late April, representing a 32% gain. Further, the highest that Ethereum is projected to go in 2025 is just over $5,000 by October 2025.
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CoinCodex further forecasts that Ethereum won’t touch $10,000 until 2050. Of course, being in such distant future, it’s important to take that prediction with a grain of salt. Any updates for Ethereum could boom or bust the cryptocurrency’s price. In this current economy, cryptocurrencies also have more attention on them than ever before. The asset’s price is very volatile, hence, anything can happen. Fortunately, green times are ahead for Ethereum ETH once the Pecta Upgrade is live.
