Ethereum’s price is once again generating buzz as market analysts, along with ETH’s founder, Vitalik Buterin, present ambitious predictions for the cryptocurrency. While some experts predict a rise to $33,000, Buterin likens the future of the cryptocurrency in finance to Google’s leadership in search. Consequently, the ETH founder proposes that low-risk Decentralized Finance (DeFi) could mark Ethereum’s transformative “Google Moment.”
Ethereum Price Expected To Reach $33,000
Recent chart analysis by market expert Egrag Crypto projects a promising outlook for Ethereum’s long-term price trajectory. According to the analyst’s findings, ETH has the potential to rise to $33,000 by the end of 2025.
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Egrag Crypto points out that ETH has a history of exceeding projected targets once it breaks out from major continuation patterns. This trend has been evident in past market cycles, supporting his earlier projection that the next ETH rally may be significant.
In Ethereum’s past cycles, significant formations like the Bull Flag and the Rectangle Continuation Pattern yielded remarkable gains that surpassed expectations. The Bull Flag pattern even exceeded its target by 145%, while the rectangle continuation surpassed estimates by an impressive 181%.
Currently, ETH is establishing what Egrag Crypto classifies as a Descending Broadening Wedge, a formation that generally indicates a bullish continuation upon confirmed breakout. The expert suggests that the measured move from this wedge points to an initial price target of $12,300. Nevertheless, considering Ethereum’s historical pattern of overshooting by an average of 163%, he anticipates the cryptocurrency could soar to as high as $33,000.
Low-Risk DeFi May Unlock ETH’s ‘Google Moment’
In a report released on September 21, Buterin outlines what he envisions as Ethereum’s “Google moment.” Just as Google established enduring dominance by identifying its core economic drivers in search and advertisements, the crypto founder asserts that Ethereum now has the chance to stabilize its ecosystem through low-risk DeFi and drive comparable growth.
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Buterin also highlighted the increasing significance of sustainable applications within the Ethereum framework. Historically, ETH has faced challenges balancing two distinct types of applications—those generating substantial revenue, such as NFTs and meme coins, alongside those that conform to Ethereum’s broader vision, like decentralized identity and privacy protocols.
Buterin points out that the key issue is that revenue-generating applications often lack long-term sustainability, while purpose-driven projects seem to lack economic prowess. He posits that low-risk DeFi could bridge this divide. By promoting global, unrestricted access to stable wealth-building mechanisms such as interest-bearing assets, bonds, and currencies, the crypto pioneer suggests Ethereum could achieve economic viability.
He also expressed aspirations for Ethereum to potentially eclipse Google’s legacy. Buterin noted that Google faced criticism for deviating from its central mission and evolving into an antisocial, profit-maximizing enterprise. In contrast, ETH is fundamentally different, with decentralization inherently integrated at both technical and social dimensions.
Featured image from Getty Images, chart from Tradingview.com
