When Will The Ethereum Price Hit $5,000 And $10,000?

In the last bull run, when the Bitcoin price surged and crossed $100,000, the Ethereum price was expected to follow the same trajectory as it had in the past. But that was not the case, and the second-largest cryptocurrency by market cap was barely able to cross its previous all-time high price, but by only around $100. This meant that the Ethereum price remained below $5,000, disappointing investors. Given its poor performance so far, is it still possible that the Ethereum price will eventually cross $5,000?

It Could Take Years For The Ethereum Price To Hit $5,000

The prediction algorithm of the CoinCodex website takes into account a number of factors in a bid to determine where the price of a digital asset could end up. These predictions go from the very short term (a matter of days) to the very long term (decades), showing a possible path that the cryptocurrency could take.

For the Ethereum price, the predictions remain mostly bullish, given that it continues to receive a lot of support from investors. However, when it comes to the Ethereum price hitting new all-time highs, the prognosis for the short term remains muted, with the better rallies expected to happen over the course of years.

Despite various predictions from crypto analysts that the Ethereum price would cross $5,000 in 2026, the algorithm dashes these hopes. In fact, it puts the max price that Ethereum will reach in 2026 at $4,445. Thus, a new all-time high above $5,000 is out of the picture.

Instead, the algorithm suggests that it could take a few years for the cryptocurrency to reach the $5,000 mark. It puts this to happen in the third quarter of the year 2028, meaning that there is still around two years to go before the Ethereum price can cross $5,000.

Source: CoinCodex