Elliott Waves indicate that the price of ETH will reach 500,000 USD by 2030.

In the latest developments regarding Ethereum (ETH), a 10-year forecast has made an ambitious prediction: The price of ETH could reach 500,000 USD by 2030.

At the same time, a leading analyst also revealed that the largest altcoin in the market has surpassed a significant resistance level, opening up growth prospects of up to 1,000% by 2026.

Long-term growth scenario: ETH aiming for 500,000 USD

According to an analysis published on platform X, Ethereum is establishing a strong growth trend that will last for the next decade, based on a detailed Elliott wave structure. This model indicates that despite short-term fluctuations and periodic corrections, the price of ETH still adheres to a tight and steady growth structure, signaling new highs in the future.

Source: XThis chart analyzes the development process of Ethereum from the bottom in 2016 through strong growth phases and necessary corrections. Each bullish cycle is formed by five upward waves, followed by three corrective waves — characteristic of sustainable bull markets.

The first growth surge brought ETH to its peak in 2018, while the second surge in 2021 raised the price to nearly 4,800 USD. This peak completed a series of five waves, paving the way for a subsequent prolonged correction phase.

Currently, as Ethereum is accumulating within a long-term uptrend channel, a solid foundation has been established for the next breakout, which is expected to occur in the early phase of wave 3 of the larger wave 3 cycle.

According to Elliott Wave theory, wave 3 is always the most powerful explosive phase, often bringing exceptional growth due to the return of market confidence and capital inflow from large institutions.

Based on this forecasting model, the price of Ethereum could reach 30,000 USD within the next 2-3 years, before continuing to conquer the long-term target of 500,000 USD by 2030.

This structure has many similarities with the price increase journey of Bitcoin before 2020, when the market accumulated quietly before exploding, surprising many investors.

The current position of Ethereum is assessed as preparing for a similar growth cycle, with strong momentum, solid confidence, and a stable long-term structure.

However, to confirm the next growth trend, the price of ETH needs to break out of the 8,000 USD range in the coming quarters. At that point, the door will open for a parabolic increase to 30,000 USD – 100,000 USD, according to expert Sheng.

Ethereum Price Breaks Through the Final Wall Before Parabolic Rise

Expert Jake Wujastyk stated that the current market structure of Ethereum is reflecting almost perfectly the price behavior of 2020. He describes this similarity as “remarkable.”

Wujastyk's chart analyzes the strong growth phase from March 2020 to November 2020, while also forecasting a similar scenario that could occur from March 2025 onwards.

After escaping the deep bear market at the beginning of 2020, Ethereum hit bottom in March, then gradually regained momentum and experienced strong growth in the following months. By Q4, the price of ETH had spectacularly broken through, recording an increase of up to 1,072%.

Source: Jake WujastykEach phase of this cycle — from accumulation phase, retesting the bottom, to vertical breakout — happens almost perfectly.

The forecasting framework on Wujastyk's chart indicates a growth potential of over 1,000%, aiming for significantly higher price levels by 2026.

The consensus on cycle, technical structure, and investor sentiment is further reinforcing the belief that ETH may be entering the early stages of a new macro growth trend.

Mr. Teacher