Analyst Anders Weierud Sees Ethereum (ETH) Reclaiming $4,800 by 2029

Weierud Sees $4,800 by 2029

Analyst Anders Weierud expects Ethereum (ETH) to reclaim its 2025 peak near $4,800 within three years, arguing the coin's prolonged price weakness reflects stalled demand rather than any fundamental fault in the network itself. The call lands at a fragile moment for the market. Ethereum traded at $2,234.73 as of 5 November, a single-day drop of 7.91%, and its five-year return stands at minus 47.63%, with market capitalization measured at roughly $273.07 billion. Our live monitoring shows the slide extending into Friday, the Ethereum price down another 8.1% over the past 24 hours, so the road back to $4,800 starts from less than half that level. Weierud identifies three engines of new demand. The 2025 GENIUS Act created a regulatory framework for dollar-based stablecoins, and Standard Chartered projects the global stablecoin market will reach $2 trillion by 2030, with a substantial share of that issuance expected to run on Ethereum (ETH). Tokenized finance is the second engine: BlackRock, the world's largest asset manager, has launched a US Treasury tokenized fund on the Ethereum blockchain. The third is artificial intelligence agents that purchase goods and services autonomously, which the analyst argues will require programmable money built on smart contract infrastructure. The caveat is explicit: if rising network activity keeps failing to lift the price, Ethereum could spend the entire three-year window trading sideways within its existing range. Even in his assessment, Ethereum's growth rate has lagged expectations, yet nothing fundamental has broken inside the network, and the framework ties any recovery to settlement volume rather than sentiment.

The forecast rests on a specific account of where Ethereum's value should come from. Bitcoin's supply structure changes through a halving roughly every four years, periodically tightening new issuance; Ethereum (ETH) has no comparable cycle. Weierud allows that the two assets can move together over short horizons while insisting that Ethereum's long-term worth depends on adoption of blockchain-based financial services and growth in transaction activity. Institutional milestones have already widened access to the asset: the network completed its switch to Proof of Stake in 2022, the transition our guide From Ethereum 1.0 to 2.0 traces in detail, and a US spot ETF for the coin followed in 2024. Even so, the price has recovered only slowly from those advances. Regulatory uncertainty compounds the drag: the CLARITY Act, intended to organize the US crypto rulebook, stalled in the Senate. Competition is the other open risk. Uber and HSBC recently settled tokenized fund trades on Canton, a private blockchain network, a reminder that institutions do not automatically choose a public chain. Weierud still judges Ethereum competitive, on the ground that it remains the leading platform for smart contracts. The engineering roadmap carries its own dated commitments: major upgrades roughly every six months, quantum-resistant signatures targeted for 2028–2029, and by the end of 2029 a network the analyst expects to be faster and cheaper, with lower gas fees as one visible outcome. Our earlier report on two post-quantum EIPs outlined how that defensive work could land before 2029. Weierud also credits Ethereum's flexible development model of continuous technical improvement as central to keeping long-term competitiveness, and expects stablecoin and tokenized fund usage on the network to be substantially larger by the time that upgrade cycle completes.

The size of the claim only becomes legible against its base. Measured from $2,234.73, the $4,800 target requires the market's second-largest asset to more than double inside three years, and the forecast makes its hinges measurable rather than rhetorical: Standard Chartered's $2 trillion stablecoin projection for 2030 sets one marker, and the split of tokenization volume between Ethereum and private networks such as Canton sets another. The 2028–2029 quantum deadline gives holders a dated checkpoint to judge delivery. Our Ethereum technical analysis tracks the levels in play while the three-year case runs. Set against the 5 November level of $2,234.73, the 2029 target implies a gain of roughly 115%, a figure that frames how much adoption the case still has to deliver.