Ethereum Price Today: ETH is up 1.50%, Trades at $3,140

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Ethereum (ETH) price trades today at $3,114.8 as of 8 AM. Ether prices hit a daily high of $3,150.0 today after rising 1.97% on November 16.

Why is Ethereum Price Rising Today?

After crashing 11% in the past three days, Ethereum price is up 1.40% today and trades at $3,042. As of Novemeber 16, there are promising signs of that the value of ETH could continue heading higher and tag key resistance levels.

Ethereum Price Chart

*Ethereum price updated as of 8 AM.

Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.

Ethereum Price & Historical Data

The year-to-date (YTD) performance of ETH continues to increase and currently sits at 33%. Ths recent slump in Bitcoin price has affected the YTD gains, which has dropped from 50% since November 11. As of November 16, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, would be up roughly $3,317. Regardless Ethereum’s market capitalization stands at $375.0 billion.

Ethereum is the Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $375.0 billion, after Bitcoin’s $1.73 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.

Since its all-time high of $571 billion in November 2021, Ethereum’s value decreased by half in October, but has spiked recently due to Bitcoin’s new ATH. Still, Ethereum maintains a strong lead over other popular cryptocurrencies:

Solana (SOL): $98.8 billion
Ripple (XRP): $89.8 billion
BNB (BNB): $91.0 billion

Despite this recent downtick and recovery, the 24-hour trading volume of Ethereum is $30.6 billion.

Ethereum’s Crypto Trading Volume Remains High

The 24-hour trading volume of Ethereum is $30.6 billion. Binance is the largest contributer to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, ByBit follow Binance.

Ethereum Upgrades to a PoS Blockchain

The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).

Important Ethereum Blockchain Upgrades in The Past 5 Years

Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.

2024

Cancun-Deneb (“Dencun”)

2023

Shanghai-Capella (“Shapella”)

2022

Paris (The Merge)
Bellatrix
Gray Glacier

2021

Arrow Glacier
Altair
London
Berlin

2020

Beacon Chain genesis
Staking deposit contract deployed
Muir Glacier

ETH Gas & How It Influences Ethereum Price

the blockchain upgrades that Ethereum receives aims to solve the trilemma of blockchain i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Post-upgrade, Ethereum’s transaction fees (gas fees) plummeted, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of November 16, the gas fee for a transaction on the ETH network as of 8 AM is 15.84 Gwei.

When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.

Ethereum Price Prediction & Trends

Despite the ongoing uptrend in Bitcoin, Ethereum continues to lag behind BTC and other cryptos, with only a select few altcoins shooting higher. If ETH manages to break out of this slump, it could trigger a rally toward $3,500.

Ethereum prices 2024

As of ‘November 16, here are some popular cryptocurrencies’ price-performance comparisons. The one-month performance shows Ether is up 15.37%, while year-to-date returns show ETH at 31.38%

As seen from the above year-to-date (YTD) price performance chart, Ethereum is clearly the worst-performing asset when paired with DOGE, SUI, SOL, and even BTC.

Ethereum Price Outlook For Next Week

Date Price Change

November 16, 2024	$3,104.51	0.29%
November 17, 2024	$3,128.35	1.06%
November 18, 2024	$3,151.17	1.8%
November 19, 2024	$3,187.88	2.99%
November 20, 2024	$3,207.70	3.63%

Based on CoinGagpe’s Ethereum price predictions, investors can expect ETH to trade around $3,300, a near 6% uptick in the next week. In a month, Ether could be slightly lower at $2,800, slightly higher than from a week ago.

Ethereum Price Forecast Between 2025 & 2029

January	$2,465.41	$3,452.82	$2,959.12	22.7%
February	$2,463.79	$3,589.18	$3,026.49	25.5%
March	$2,462.16	$3,725.55	$3,093.86	28.3%
April	$2,460.53	$3,861.92	$3,161.23	31.1%
May	$2,458.90	$3,998.28	$3,228.60	33.9%
June	$2,457.28	$4,134.65	$3,295.97	36.7%
July	$2,455.65	$4,271.02	$3,363.33	39.5%
August	$2,454.02	$4,407.38	$3,430.70	42.3%
September	$2,452.39	$4,543.75	$3,498.07	45.1%
October	$2,450.77	$4,680.12	$3,565.44	47.9%
November	$2,449.14	$4,816.48	$3,632.81	50.7%
December	$2,447.51	$4,952.85	$3,700.18	53.5%
All Time	$2,456.46	$4,202.83	$3,329.65	38.1%

January	$2,679.05	$4,988.03	$3,914.75	62.4%
February	$2,910.59	$5,023.21	$4,129.32	71.3%
March	$3,142.13	$5,058.39	$4,343.89	80.2%
April	$3,373.67	$5,093.57	$4,558.45	89.1%
May	$3,605.21	$5,128.75	$4,773.02	98%
June	$3,836.76	$5,163.93	$4,987.59	106.9%
July	$4,068.30	$5,199.10	$5,202.16	115.8%
August	$4,299.84	$5,234.28	$5,416.73	124.7%
September	$4,531.38	$5,269.46	$5,631.30	133.6%
October	$4,762.92	$5,304.64	$5,845.86	142.5%
November	$4,994.46	$5,339.82	$6,060.43	151.4%
December	$5,226	$5,375	$6,275	160.3%
All Time	$3,952.53	$5,181.51	$5,094.87	111.3%

January	$5,417.25	$5,571.75	$6,513.75	170.2%
February	$5,608.50	$5,768.50	$6,752.50	180.1%
March	$5,799.75	$5,965.25	$6,991.25	190%
April	$5,991	$6,162	$7,230	199.9%
May	$6,182.25	$6,358.75	$7,468.75	209.8%
June	$6,373.50	$6,555.50	$7,707.50	219.7%
July	$6,564.75	$6,752.25	$7,946.25	229.6%
August	$6,756	$6,949	$8,185	239.5%
September	$6,947.25	$7,145.75	$8,423.75	249.4%
October	$7,138.50	$7,342.50	$8,662.50	259.3%
November	$7,329.75	$7,539.25	$8,901.25	269.2%
December	$7,521	$7,736	$9,140	279.1%
All Time	$6,469.13	$6,653.88	$7,826.88	224.6%

January	$7,771.92	$8,001.25	$9,467.83	292.7%
February	$8,022.83	$8,266.50	$9,795.67	306.3%
March	$8,273.75	$8,531.75	$10,123.50	319.9%
April	$8,524.67	$8,797	$10,451.33	333.5%
May	$8,775.58	$9,062.25	$10,779.17	347.1%
June	$9,026.50	$9,327.50	$11,107	360.7%
July	$9,277.42	$9,592.75	$11,434.83	374.3%
August	$9,528.33	$9,858	$11,762.67	387.9%
September	$9,779.25	$10,123.25	$12,090.50	401.5%
October	$10,030.17	$10,388.50	$12,418.33	415.1%
November	$10,281.08	$10,653.75	$12,746.17	428.7%
December	$10,532	$10,919	$13,074	442.3%
All Time	$9,151.96	$9,460.13	$11,270.92	367.5%

January	$10,940	$11,331.17	$13,534.75	461.4%
February	$11,348	$11,743.33	$13,995.50	480.5%
March	$11,756	$12,155.50	$14,456.25	499.6%
April	$12,164	$12,567.67	$14,917	518.7%
May	$12,572	$12,979.83	$15,377.75	537.8%
June	$12,980	$13,392	$15,838.50	556.9%
July	$13,388	$13,804.17	$16,299.25	576%
August	$13,796	$14,216.33	$16,760	595.1%
September	$14,204	$14,628.50	$17,220.75	614.3%
October	$14,612	$15,040.67	$17,681.50	633.4%
November	$15,020	$15,452.83	$18,142.25	652.5%
December	$15,428	$15,865	$18,603	671.6%
All Time	$13,184	$13,598.08	$16,068.88	566.5%

In a long-term outlook between 2025 and 2029, Ethereum price will end its ongoing slump and kickstart a bull rally. Based on Coingape’s forecasts, Ether prices could hover between $2,500 and $2,700 in 2025, but go as high as $22,900 in 2030.

Ethereum Prices Forecast Between 2030 & 2050

2030

2031

2032

2033

2040

2050

January	$16,092.58	$16,559.25	$19,264.08	699%
February	$16,757.17	$17,253.50	$19,925.17	726.4%
March	$17,421.75	$17,947.75	$20,586.25	753.8%
April	$18,086.33	$18,642	$21,247.33	781.3%
May	$18,750.92	$19,336.25	$21,908.42	808.7%
June	$19,415.50	$20,030.50	$22,569.50	836.1%
July	$20,080.08	$20,724.75	$23,230.58	863.5%
August	$20,744.67	$21,419	$23,891.67	890.9%
September	$21,409.25	$22,113.25	$24,552.75	918.4%
October	$22,073.83	$22,807.50	$25,213.83	945.8%
November	$22,738.42	$23,501.75	$25,874.92	973.2%
December	$23,403	$24,196	$26,536	1000.6%
All Time	$19,747.79	$20,377.63	$22,900.04	849.8%

January	$24,169.83	$24,997.58	$27,711.08	1049.4%
February	$24,936.67	$25,799.17	$28,886.17	1098.1%
March	$25,703.50	$26,600.75	$30,061.25	1146.8%
April	$26,470.33	$27,402.33	$31,236.33	1195.6%
May	$27,237.17	$28,203.92	$32,411.42	1244.3%
June	$28,004	$29,005.50	$33,586.50	1293.1%
July	$28,770.83	$29,807.08	$34,761.58	1341.8%
August	$29,537.67	$30,608.67	$35,936.67	1390.5%
September	$30,304.50	$31,410.25	$37,111.75	1439.3%
October	$31,071.33	$32,211.83	$38,286.83	1488%
November	$31,838.17	$33,013.42	$39,461.92	1536.7%
December	$32,605	$33,815	$40,637	1585.5%
All Time	$28,387.42	$29,406.29	$34,174.04	1317.4%

January	$33,881.25	$35,131.33	$42,063	1644.6%
February	$35,157.50	$36,447.67	$43,489	1703.8%
March	$36,433.75	$37,764	$44,915	1762.9%
April	$37,710	$39,080.33	$46,341	1822.1%
May	$38,986.25	$40,396.67	$47,767	1881.2%
June	$40,262.50	$41,713	$49,193	1940.4%
July	$41,538.75	$43,029.33	$50,619	1999.5%
August	$42,815	$44,345.67	$52,045	2058.6%
September	$44,091.25	$45,662	$53,471	2117.8%
October	$45,367.50	$46,978.33	$54,897	2176.9%
November	$46,643.75	$48,294.67	$56,323	2236.1%
December	$47,920	$49,611	$57,749	2295.2%
All Time	$40,900.63	$42,371.17	$49,906	1969.9%

January	$49,768.50	$51,484	$59,820.33	2381.1%
February	$51,617	$53,357	$61,891.67	2467.1%
March	$53,465.50	$55,230	$63,963	2553%
April	$55,314	$57,103	$66,034.33	2638.9%
May	$57,162.50	$58,976	$68,105.67	2724.8%
June	$59,011	$60,849	$70,177	2810.7%
July	$60,859.50	$62,722	$72,248.33	2896.6%
August	$62,708	$64,595	$74,319.67	2982.5%
September	$64,556.50	$66,468	$76,391	3068.4%
October	$66,405	$68,341	$78,462.33	3154.3%
November	$68,253.50	$70,214	$80,533.67	3240.3%
December	$70,102	$72,087	$82,605	3326.2%
All Time	$59,935.25	$61,785.50	$71,212.67	2853.7%

January	$72,550.17	$75,090.58	$85,513	3446.8%
February	$74,998.33	$78,094.17	$88,421	3567.4%
March	$77,446.50	$81,097.75	$91,329	3688%
April	$79,894.67	$84,101.33	$94,237	3808.6%
May	$82,342.83	$87,104.92	$97,145	3929.2%
June	$84,791	$90,108.50	$100,053	4049.9%
July	$87,239.17	$93,112.08	$102,961	4170.5%
August	$89,687.33	$96,115.67	$105,869	4291.1%
September	$92,135.50	$99,119.25	$108,777	4411.7%
October	$94,583.67	$102,122.83	$111,685	4532.3%
November	$97,031.83	$105,126.42	$114,593	4652.9%
December	$99,480	$108,130	$117,501	4773.5%
All Time	$86,015.08	$91,610.29	$101,507	4110.2%

January	$102,603.75	$110,953.42	$120,084.17	4880.7%
February	$105,727.50	$113,776.83	$122,667.33	4987.8%
March	$108,851.25	$116,600.25	$125,250.50	5095%
April	$111,975	$119,423.67	$127,833.67	5202.1%
May	$115,098.75	$122,247.08	$130,416.83	5309.2%
June	$118,222.50	$125,070.50	$133,000	5416.4%
July	$121,346.25	$127,893.92	$135,583.17	5523.5%
August	$124,470	$130,717.33	$138,166.33	5630.7%
September	$127,593.75	$133,540.75	$140,749.50	5737.8%
October	$130,717.50	$136,364.17	$143,332.67	5844.9%
November	$133,841.25	$139,187.58	$145,915.83	5952.1%
December	$136,965	$142,011	$148,499	6059.2%
All Time	$119,784.38	$126,482.21	$134,291.58	5470%

Betweem 2023 and 2050, Ethereum price will most likely follow the bullish outlook and aim for the six-digit territory. The highest price of Ether in 2050 based on CoinGape forecasts is $126,482.21.

Ethereum Price Lags as BTC and SOL Out perform ETH

ETH continues to be a worst performer compared to its peers like Solana, Shiba Inu, Dogecoin and so on. However in the past three months this bearish outlook has not changed. BTC’s three-month yields stand at 49.21% but SUI takes the first spot with 260.75% gains and DOGE comes in at second with a return of 260.35%.

APT, TIA, SOL follow SUI and DOGE as the next best performers.

Here’s Why Ethereum Price is Disappointing Users in 2024

The introduction of spot Bitcoin ETFs has decreased Ethereum’s volatility, making it more attractive to traditional investors. However, Ethereum’s relatively stable prices following its ETF launch may be attributed to a lack of a compelling story for traditional investors. Furthermore, Solana has experienced a notable resurgence in 2024, drawing investors with its potential to surpass Ethereum. Solana’s high transaction capacity, low fees, and meme coin launches have also redirected liquidity away from Ethereum, causing investors to prefer Solana over the slower and more expensive Ethereum blockchain.

Given these factors, it’s not unexpected that Ethereum’s price has trailed behind BTC.

Ethereum ETFs & Their Tiny Impact on ETH Price

The launch of Bitcoin spot ETF paved way for increased crypto regulatory improvement. This was followed by the introduction of spot Ethereum ETFs. Unlike BTC ETF, ETH ETF has not positively impacted ETH price.

While the spot Bitcoin ETF kickstarted BTC bull run Ether prices remained relatively lull and displayed lackluster performance after the ETF launch. Only after Bitcoin price blew past the $75,000 level, the ETH spot ETF saw a considerable uptick.

As of November 16, the cumulative spot Ethereum ETF flows hover around $485.28 million. The daily ETF flow as of November 15 stands at -$3.24 million.