Ethereum (ETH) Price Prediction 2026-2030 – Where Can the Price of ETH Go?

Ethereum is the second-largest cryptocurrency by market capitalization and the network where most stablecoins, decentralized finance applications and tokenized funds are built. Its native coin, ether (ETH), pays for every transaction on the network and, since the move to proof of stake in 2022, is also what validators lock up to secure it.

This guide looks at where ETH stands in November 2026, sets out bearish, base and bullish scenarios for 2026, 2027, 2028 and 2030 with the same fixed method we use in all our price prediction guides, shows what prediction markets are pricing and explains the factors most likely to decide which scenario ends up closest. If you are new to the network, start with What is Ethereum.

Ethereum (ETH) price prediction 2026–2030

Published on 13 November 2026 with market data from CoinGecko. The figures are a snapshot of that day; the live Ethereum price page always has the current ones.

Where ETH stands today

• Price: $1,940 (live Ethereum price and chart)
• Change over 12 months: −45.4% (Bitcoin: −33.6%)
• All-time high: $4,946 in August 2025; the price is 60.8% below it
• Market cap: $237.09 billion, #2 on CoinGecko
• Supply: 122.22 million ETH in circulation, no maximum supply

ETH set its all-time high in August 2025, after a summer in which spot ether ETFs and listed companies that keep ETH as a treasury asset were buying heavily; the largest of those companies, BitMine, now holds about 6 million ETH, close to 5% of the supply. Since then the trend has reversed: over the last 12 months ETH has lost 45.4%, more than Bitcoin (33.6%), and one ETH now buys about 0.028 BTC. Supply keeps growing slowly, from roughly 120.5 million ETH at the Merge in September 2022 to 122.22 million today, because the fees burned on the network no longer cover what is issued to validators.

ETH price scenarios for 2026, 2027, 2028 and 2030

Year	Bearish	Base	Bullish
End 2026	$1,649	$1,940	$2,231
2027	$1,059	$2,231	$3,346
2028	$1,059	$2,565	$3,848
2030	$1,059	$3,393	$5,089

Method: the base case compounds today’s price at 15% a year. The bearish case repeats ETH’s last-12-month change once (limited to between −15% and −75%) with no recovery afterwards. The bullish case is the higher of two paths: a gradual return toward the all-time high (a quarter of the way in log terms by 2027, half by 2028, all of it by 2030, capped at 3× today’s price: 3× above $50 billion of market cap, 5× from $5 to $50 billion, 8× below) or the base case plus 50%. The 2026 row only shows a ±15% band for the weeks left in the year.

At the bullish 2030 price, ETH would be worth about $621.93 billion with today’s circulating supply, compared with $237.09 billion now (2.6×); any new supply would raise the market cap needed for that price.

Not investment advice. These are scenarios built with a fixed formula from public market data, not a promise of returns: crypto prices can end up far outside these ranges, including losing most of their value. Check the Ethereum price page for live data or convert ETH to dollars and euros with our crypto converter.

What will move the ETH price until 2030

Demand from ETFs and treasury companies

Spot ether ETFs have traded in the US since July 2024, and some of them now stake part of their ETH and pass the rewards on to investors (the first payout came in January 2026), which narrows the gap with holding and staking ETH directly. Listed companies such as BitMine and SharpLink built large ether treasuries in 2025 and 2026. Both channels added demand on the way up. In 2026, ETF flows have turned negative for weeks at a time, and a treasury company that stops buying, or has to sell, removes a buyer the market had come to count on.

Fees, burn and supply

Every transaction pays a base fee that is burned (EIP-1559, live since August 2021), while validators receive newly issued ETH. When the network is busy the burn can exceed issuance and supply shrinks, as it did for long stretches in 2022 and 2023. Since the Dencun upgrade of March 2024 moved layer-2 data into cheap blobs, fees and the burn have stayed low, so the case for ETH now rests less on a shrinking supply and more on how much activity and value the network attracts. Researchers have floated ways to reduce staking issuance, but none has been adopted.

The scaling roadmap

Pectra (May 2025) and Fusaka (December 2025) raised blob capacity and the gas limit, cutting costs for layer 2s and for the main chain. The next upgrade, Glamsterdam, went live on the Sepolia testnet in October 2026, but its rollout on the Hoodi testnet has been postponed and it has no mainnet date yet. Upgrades that ship on time support the argument that Ethereum can scale without giving up decentralization; long delays feed the case for faster rivals.

Competition and the layer-2 question

Solana and other high-throughput chains compete for trading, payments and tokenized assets, and much of Ethereum’s own user activity now happens on layer 2s such as Base, Arbitrum and Optimism, which pay comparatively little to the main chain. Whether that activity turns into demand for ETH, as gas, as collateral and as a staking asset, is the central debate behind its valuation, and the main reason forecasts for ETH vary far more than those for Bitcoin.

Bitcoin and the wider market

ETH still moves with Bitcoin and with global appetite for risk. In past market cycles it has fallen further than Bitcoin in bear markets and risen faster in the strongest phases of bull markets, which is why traders watch the ETH/BTC ratio as a gauge of risk appetite. A lasting recovery in ETH has usually needed a supportive market for Bitcoin first. Our Bitcoin price prediction 2026–2030 applies the same method to BTC.

ETH price history at a glance

Date	Event	ETH price
2014	Presale (ICO): about 2,000 ETH per bitcoin	about $0.31
July 2015	Mainnet launch	—
January 2018	Peak of the first big cycle	about $1,400
December 2018	Bear market low	below $90
November 2021	Previous all-time high	about $4,880
June 2022	Low after the Terra and Celsius collapses	below $900
September 2022	The Merge: switch to proof of stake	—
March 2024	Dencun upgrade: blobs for layer 2s	—
July 2024	First spot ether ETFs trade in the US	—
April 2025	Low during the tariff sell-off	below $1,500
August 2025	Current all-time high	$4,946
November 2026	Price when this guide was published	$1,940

Frequently asked questions

Can ETH reach $10,000 by 2030?

With today’s supply, $10,000 per ETH would mean a market cap of about $1.22 trillion, 5.2 times the current one and close to Bitcoin’s value today ($1.39 trillion). Our bullish 2030 scenario stops at $5,089; reaching $10,000 would take a much larger shift in demand than any of the three paths assume.

Does ETH have a maximum supply?

No. New ETH is issued to validators every day and part of every fee is burned, so supply can grow or shrink depending on network activity. Issuance falls as a share of supply when less ETH is staked and rises when more is.

What do prediction markets say about ETH?

Polymarket runs a yearly market on the prices ETH will touch before the end of the year. When it has enough volume, the box in this guide shows its implied probabilities, refreshed several times a day. They reflect what traders are willing to pay, not a forecast; the full list of crypto markets is on our crypto prediction markets page.

Is ETH the same as Ethereum Classic?

No. Ethereum Classic is the original chain that kept running without the 2016 rollback that followed the DAO hack. It is a separate coin, ETC, with its own Ethereum Classic price prediction.