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Although Ethereum (ETH) price was not greatly affected by recent Bitcoin crash, its recovery rally is key as sell signals emerge on Ether. Ethereum price today trades at $4,002.3 as of 1 PM. ETH hit a daily high of $4,089.2 after 2.89% move on December 7. If this bullish outlook sustains, Ether could not only hit $4,000, but attempt to set up a new all-time high above the $5,000 psychological level.
Ethereum Price Today: How Much Longer Can ETH Delay Sell Signals?
The daily chart shows Ethereum’s sell signal continues to extend, waiting for price to drop. However, ETH bulls are not giving up either, leading to a 12% rally in under three days. The slow and steady move pushes ETH closer to the $4,000 psychological level.
Will the sell signal result in a correction? Will investors get to accumulate ETH at a discount before it hits $5,000? Let’s explore.
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 Forecast & Outlook
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 December 7, 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 $482.2 billion.
Ethereum: The Second-Largest Crypto By Market Cap
Ethereum ranks second in market capitalization, valued at $482.2 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 $44.7 billion.
Ethereum’s Crypto Trading Volume Soars
The 24-hour trading volume of Ethereum is $44.7 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’s Proof-of-Stake Technology
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 Upgrades to Ethereum Blockchain
Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.
2024:
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Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.
2023:
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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:
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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.
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Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.
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Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.
2021:
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Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.
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Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.
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London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.
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Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.
2020:
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Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.
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Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.
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Muir Glacier: Delayed the “difficulty bomb” to ensure a smooth transition to PoS.
ETH Gas’ Effect on Ether Prices
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 December 7, the gas fee for a transaction on the ETH network as of 1 PM is 14 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 Outlook For The Next Week
| December 07, 2024 | 3834.86 | -1.37% |
| December 08, 2024 | 3833.23 | -1.41% |
| December 09, 2024 | 3821.08 | -1.73% |
| December 10, 2024 | 3803.53 | -2.18% |
| December 11, 2024 | 3805.66 | -2.12% |
| December 12, 2024 | 3791.70 | -2.48% |
| December 13, 2024 | 3802.71 | -2.2% |
| December 14, 2024 | 3821.82 | -1.71% |
| December 15, 2024 | 3825.05 | -1.62% |
| December 16, 2024 | 3827.43 | -1.56% |
| December 17, 2024 | 3841.24 | -1.21% |
| December 18, 2024 | 3882.79 | -0.14% |
| December 19, 2024 | 3878.67 | -0.25% |
| December 20, 2024 | 3887.29 | -0.02% |
| December 21, 2024 | 3880.58 | -0.2% |
| December 22, 2024 | 3859.39 | -0.74% |
| December 23, 2024 | 3850.80 | -0.96% |
| December 24, 2024 | 3848.35 | -1.02% |
| December 25, 2024 | 3827.49 | -1.56% |
| December 26, 2024 | 3852.66 | -0.91% |
| December 27, 2024 | 3865.10 | -0.59% |
| December 28, 2024 | 3892.16 | 0.1% |
| December 29, 2024 | 3945.90 | 1.48% |
| December 30, 2024 | 3942.19 | 1.39% |
| December 31, 2024 | 3955.90 | 1.74% |
| January 01, 2025 | 3963.75 | 1.94% |
| January 02, 2025 | 3959.48 | 1.83% |
| January 03, 2025 | 3969.79 | 2.1% |
| January 04, 2025 | 4064.80 | 4.54% |
| January 05, 2025 | 4196.88 | 7.94% |
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.
Ethereum Price Outlook Between 2025 & 2029
| January | $3,620.70 | $3,966.82 | $3,793.76 | 57.4% |
| February | $3,449.69 | $3,987.73 | $3,718.71 | 54.2% |
| March | $3,278.69 | $4,008.65 | $3,643.67 | 51.1% |
| April | $3,107.68 | $4,029.56 | $3,568.62 | 48% |
| May | $2,936.68 | $4,050.48 | $3,493.58 | 44.9% |
| June | $2,765.68 | $4,071.39 | $3,418.54 | 41.8% |
| July | $2,594.67 | $4,092.31 | $3,343.49 | 38.7% |
| August | $2,423.67 | $4,113.22 | $3,268.45 | 35.6% |
| September | $2,252.66 | $4,134.14 | $3,193.40 | 32.5% |
| October | $2,081.66 | $4,155.05 | $3,118.36 | 29.3% |
| November | $1,910.65 | $4,175.97 | $3,043.31 | 26.2% |
| December | $1,739.65 | $4,196.88 | $2,968.27 | 23.1% |
| All Time | $2,680.17 | $4,081.85 | $3,381.01 | 40.2% |
| January | $2,030.18 | $4,295.06 | $3,243.83 | 34.5% |
| February | $2,320.71 | $4,393.23 | $3,519.39 | 46% |
| March | $2,611.24 | $4,491.41 | $3,794.95 | 57.4% |
| April | $2,901.77 | $4,589.59 | $4,070.51 | 68.8% |
| May | $3,192.30 | $4,687.76 | $4,346.07 | 80.3% |
| June | $3,482.83 | $4,785.94 | $4,621.64 | 91.7% |
| July | $3,773.35 | $4,884.12 | $4,897.20 | 103.1% |
| August | $4,063.88 | $4,982.29 | $5,172.76 | 114.5% |
| September | $4,354.41 | $5,080.47 | $5,448.32 | 126% |
| October | $4,644.94 | $5,178.65 | $5,723.88 | 137.4% |
| November | $4,935.47 | $5,276.82 | $5,999.44 | 148.8% |
| December | $5,226 | $5,375 | $6,275 | 160.3% |
| All Time | $3,628.09 | $4,835.03 | $4,759.42 | 97.4% |
| 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 Outlook 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.
Ethereum Price Today: Will ETH Bulls Undo Sell Signal?
As discussed in previous articles, a sell signal emerged on Ethereum’s daily chart, forecasting a potential correction. This bearish divergence sign was formed due to the nonconformity between price’s higher highs and momentum indicator’s lower high. The divergence denotes lack of momentum to the upswing and hence indicates of a potential pullback or a correction.
While the technicals pointed to a retracement, ETH bulls showed resilience even when Bitcoin crashed nearly 8% in the third week of November and during the December 5 crash. Despite these events Ethereum price has managed to tag the $4,000 psychological level, where it currently auctions.
If this paradigm shift in ETH is here to stay, then this signal, which is still valid, will likely be undone by ETH bulls.
ETH/USDT 1-day chartOn the other hand, if ETH holders decide to book in early profits, it could trigger a short-term correction that satisfies the bearish divergence sell signal. In such a case, Ethereum price needs to hold above the $3,500 to $3,352 support zone. A bounce here could send Ether flying to the next key psychological level of $5,000.
If the aforementioned barriers fail to support price, leading to a breakdown, it would invalidate the bullish thesis. Such a development could see ETH crash 14% to revisit the $3,000 psychological level, even briefly dipping below it.
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