3 hours ago
257
ARTICLE AD BOX
Ethereum (ETH) price trades today at $3,417.0 as of 1 PM. Ether prices hit a daily high of $3,419.3 today after rising 3.81% on November 23.
Why is Ethereum Price Rising Today?
After crashing 11% in the past three days, Ethereum price today is up 3.81% and trades at $3,042. As of November 16, there are promising signs that the value of ETH could continue heading higher and tag key resistance levels.
Ethereum Price Today
Ethereum Price Chart Today
*Ethereum price updated as of 1 PM.
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
ETH’s year-to-date (YTD) performance continues to increase and currently sits at 33%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11. As of November 23, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, would be up roughly $3,317. Ethereum’s market capitalization stands at $411.7 billion.
Ethereum: The Second-Largest Crypto By Market Cap
Ethereum ranks second in market capitalization, valued at $411.7 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 $38.0 billion.
Ethereum’s Crypto Trading Volume Remains High
The 24-hour trading volume of Ethereum is $38.0 billion. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.
Ethereum Shifts From PoW to PoS
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).
Key Ethereum Upgrades in The Past Five 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”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.
2023:
-
Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.
2022:
-
Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.
-
Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.
-
Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.
2021:
-
Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.
-
Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.
-
London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.
-
Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.
2020:
-
Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.
-
Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.
-
Muir Glacier: Delayed the “difficulty bomb” to ensure a smooth transition to PoS.
ETH Gas & Its Effect on Ethereum Price
The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.
As of November 23, the gas fee for a transaction on the ETH network as of 1 PM 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 Forecast For The Next Week
| November 23, 2024 | 3330.15 | 0.79% |
| November 24, 2024 | 3367.08 | 1.91% |
| November 25, 2024 | 3386.79 | 2.5% |
| November 26, 2024 | 3371.58 | 2.04% |
| November 27, 2024 | 3305.48 | 0.04% |
| November 28, 2024 | 3298.66 | -0.17% |
| November 29, 2024 | 3309.12 | 0.15% |
| November 30, 2024 | 3332.62 | 0.86% |
| December 01, 2024 | 3373.34 | 2.09% |
| December 02, 2024 | 3382.19 | 2.36% |
| December 03, 2024 | 3372.85 | 2.08% |
| December 04, 2024 | 3384.59 | 2.44% |
| December 05, 2024 | 3376.48 | 2.19% |
| December 06, 2024 | 3367.44 | 1.92% |
| December 07, 2024 | 3375.48 | 2.16% |
| December 08, 2024 | 3373.60 | 2.1% |
| December 09, 2024 | 3360.36 | 1.7% |
| December 10, 2024 | 3341.52 | 1.13% |
| December 11, 2024 | 3343.66 | 1.2% |
| December 12, 2024 | 3328.77 | 0.75% |
| December 13, 2024 | 3340.80 | 1.11% |
| December 14, 2024 | 3361.38 | 1.73% |
| December 15, 2024 | 3364.87 | 1.84% |
| December 16, 2024 | 3367.58 | 1.92% |
| December 17, 2024 | 3382.86 | 2.38% |
| December 18, 2024 | 3427.46 | 3.73% |
| December 19, 2024 | 3423.12 | 3.6% |
| December 20, 2024 | 3432.32 | 3.88% |
| December 21, 2024 | 3424.89 | 3.65% |
| December 22, 2024 | 3402.03 | 2.96% |
Based on CoinGagpe’s Ethereum price predictions, investors can expect ETH to trade at around $3,373 in the next week. This is a considerate prediction and is in line with the lackluster performance seen since the start of 2024.
How High Can Ethereum Price Go Between 2025 & 2029
| January | $3,001.19 | $3,619.94 | $3,310.57 | 37.3% |
| February | $2,957.72 | $3,807.56 | $3,382.64 | 40.3% |
| March | $2,914.24 | $3,995.18 | $3,454.71 | 43.3% |
| April | $2,870.76 | $4,182.80 | $3,526.78 | 46.3% |
| May | $2,827.28 | $4,370.42 | $3,598.85 | 49.3% |
| June | $2,783.81 | $4,558.04 | $3,670.93 | 52.3% |
| July | $2,740.33 | $4,745.65 | $3,743 | 55.2% |
| August | $2,696.85 | $4,933.27 | $3,815.07 | 58.2% |
| September | $2,653.37 | $5,120.89 | $3,887.14 | 61.2% |
| October | $2,609.90 | $5,308.51 | $3,959.21 | 64.2% |
| November | $2,566.42 | $5,496.13 | $4,031.28 | 67.2% |
| December | $2,522.94 | $5,683.75 | $4,103.35 | 70.2% |
| All Time | $2,762.07 | $4,651.84 | $3,706.96 | 53.8% |
| January | $2,748.20 | $5,658.02 | $4,284.32 | 77.7% |
| February | $2,973.45 | $5,632.29 | $4,465.29 | 85.2% |
| March | $3,198.71 | $5,606.56 | $4,646.26 | 92.7% |
| April | $3,423.96 | $5,580.83 | $4,827.23 | 100.2% |
| May | $3,649.22 | $5,555.10 | $5,008.20 | 107.7% |
| June | $3,874.47 | $5,529.38 | $5,189.18 | 115.2% |
| July | $4,099.73 | $5,503.65 | $5,370.15 | 122.7% |
| August | $4,324.98 | $5,477.92 | $5,551.12 | 130.2% |
| September | $4,550.24 | $5,452.19 | $5,732.09 | 137.7% |
| October | $4,775.49 | $5,426.46 | $5,913.06 | 145.3% |
| November | $5,000.75 | $5,400.73 | $6,094.03 | 152.8% |
| December | $5,226 | $5,375 | $6,275 | 160.3% |
| All Time | $3,987.10 | $5,516.51 | $5,279.66 | 119% |
| 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 the next year, Ethereum price could still be hovering in the current range. Based on the prediction data, ETH’s trade range extends from $3,001.19 to $4,651.84. This outlook is based on the previous data. However, if ETH breaks the trend, it could go much higher.
The long-term outlook extending from 2025 to 2029, Ethereum price could hit a high of $18,603 with the lowest point being $3,000.
Ethereum Price 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% |
Between 2023 and 2050, Ethereum’s price will most likely follow the bullish outlook and aim for the six-digit territory. The lowest price point is $16,092.58, and the highest price of Ether is $145,915.83.
Here’s What Needs to Happen Ethereum Price to Hit $5,000
Ethereum price trades below the $3,300 and $3,500 resistance levels. As discussed yesterday, a breach of this key hurdle will help with ETH’s directional bias. As seen in the below chart, the bullish momentum seems to be picking up, leading to a breakout attempt. For a successful move, Ether needs to flip $3,500 into a support level. Such a development will signal that the buyers are back and will open the path for the next key hurdle, $4,000, roughly 15% away.
In case of a strong spike in buying pressure then Ethereum price could continue its ascent toward the next key levels – $4,500 and $5,000. A retest of $5,000 would need a 42% rally from the $3,500 level.
So, a flip of $3,500 is key for ETH to hit the $5,000 psychological level.
ETH/USDT 1-day chartOn the other hand, if Ethereum price gets rejected at $3,500 or $3,300, it would signal weakness. Such a development would indicate that the buyers are not ready, and investors could likely be booking profits. Investors can expect a 13% correction that retests $3,000 in this outlook. Here, buyers can recuperate before giving $3,500 another go.
English (US) ·