Ethereum (ETH) price trades today at $3,488.2 as of 2 PM. Ether prices hit a daily high of $3,509.8 today after rising 5.15% on November 25.
Why is Ethereum Price Rising Today?
After crashing 11% in the past three days, Ethereum price today is up 5.15% 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 2 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 25, 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 $420.0 billion.
Ethereum: The Second-Largest Crypto By Market Cap
Ethereum ranks second in market capitalization, valued at $420.0 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 $35.0 billion.
Ethereum’s Crypto Trading Volume Remains High
The 24-hour trading volume of Ethereum is $35.0 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.
-
Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.
2023:
2022:
2021:
-
London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.
2020:
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 25, the gas fee for a transaction on the ETH network as of 2 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
| Date | Price | Change |
|---|---|---|
| November 25, 2024 | 3375.88 | 2.52% |
| November 26, 2024 | 3359.68 | 2.02% |
| November 27, 2024 | 3288.91 | -0.13% |
| November 28, 2024 | 3281.58 | -0.35% |
| November 29, 2024 | 3292.75 | -0.01% |
| November 30, 2024 | 3317.86 | 0.75% |
| December 01, 2024 | 3361.46 | 2.08% |
| December 02, 2024 | 3370.96 | 2.37% |
| December 03, 2024 | 3360.94 | 2.06% |
| December 04, 2024 | 3373.51 | 2.44% |
| December 05, 2024 | 3364.85 | 2.18% |
| December 06, 2024 | 3355.15 | 1.89% |
| December 07, 2024 | 3363.77 | 2.15% |
| December 08, 2024 | 3361.77 | 2.09% |
| December 09, 2024 | 3347.62 | 1.66% |
| December 10, 2024 | 3327.43 | 1.04% |
| December 11, 2024 | 3329.76 | 1.12% |
| December 12, 2024 | 3313.79 | 0.63% |
| December 13, 2024 | 3326.65 | 1.02% |
| December 14, 2024 | 3348.68 | 1.69% |
| December 15, 2024 | 3352.41 | 1.8% |
| December 16, 2024 | 3355.29 | 1.89% |
| December 17, 2024 | 3371.58 | 2.39% |
| December 18, 2024 | 3419.37 | 3.84% |
| December 19, 2024 | 3414.70 | 3.69% |
| December 20, 2024 | 3424.57 | 3.99% |
| December 21, 2024 | 3416.64 | 3.75% |
| December 22, 2024 | 3392.17 | 3.01% |
| December 23, 2024 | 3382.26 | 2.71% |
| December 24, 2024 | 3379.23 | 2.62% |
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 | $3,089.68 | $3,641.06 | $3,365.37 |
39.6% |
| February | $3,046.08 | $3,857.54 | $3,451.81 |
43.2% |
| March | $3,002.47 | $4,074.03 | $3,538.25 |
46.8% |
| April | $2,958.86 | $4,290.52 | $3,624.69 |
50.3% |
| May | $2,915.26 | $4,507 | $3,711.13 |
53.9% |
| June | $2,871.65 | $4,723.49 | $3,797.57 |
57.5% |
| July | $2,828.04 | $4,939.98 | $3,884.01 |
61.1% |
| August | $2,784.44 | $5,156.46 | $3,970.45 |
64.7% |
| September | $2,740.83 | $5,372.95 | $4,056.89 |
68.3% |
| October | $2,697.22 | $5,589.44 | $4,143.33 |
71.9% |
| November | $2,653.62 | $5,805.92 | $4,229.77 |
75.4% |
| December | $2,610.01 | $6,022.41 | $4,316.21 |
79% |
| All Time | $2,849.85 | $4,831.73 | $3,840.79 |
59.3% |
| January | $2,828.01 | $5,968.46 | $4,479.44 |
85.8% |
| February | $3,046.01 | $5,914.51 | $4,642.68 |
92.6% |
| March | $3,264.01 | $5,860.56 | $4,805.91 |
99.3% |
| April | $3,482.01 | $5,806.61 | $4,969.14 |
106.1% |
| May | $3,700.01 | $5,752.66 | $5,132.37 |
112.9% |
| June | $3,918.01 | $5,698.71 | $5,295.61 |
119.6% |
| July | $4,136 | $5,644.75 | $5,458.84 |
126.4% |
| August | $4,354 | $5,590.80 | $5,622.07 |
133.2% |
| September | $4,572 | $5,536.85 | $5,785.30 |
140% |
| October | $4,790 | $5,482.90 | $5,948.54 |
146.7% |
| November | $5,008 | $5,428.95 | $6,111.77 |
153.5% |
| December | $5,226 | $5,375 | $6,275 |
160.3% |
| All Time | $4,027 | $5,671.73 | $5,377.22 |
123% |
| 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.
Will Ethereum Price Outperform Bitcoin in Coming Weeks?
With Bitcoin edging closer to $100,000, many altcoins have also been skyrocketing. The below chart is a comparison of 1-month, 3-month, 6-month and year-to-date returns of popular altcoins. It is clear that ETH’s performance has been disappointing. The reason for this is Solana and its growing dominance and popularity due to the meme coin frenzy.
With Bitcoin shooting higher, older coins like Litecoin, The Sandbox, and Cardano have also more than doubled in less than 10 days, but ETH holds its ground. Understandably, investors are not having it.
Here’s an example.
Despite Ethereum’s lackluster performance, some believe ETH is ready to shoot higher. CryptoChimpanZ, a crypto analyst, is looking at $6,000 per Ether and firmly believes that “ETH will outperform BTC” in the coming weeks.
Considering that Ethereum’s price has stagnated for so long, it makes sense for an explosive move that will easily overshadow Bitcoin’s performance. Whether this happens before 2024 ends or in 2025 is unsure, but the chances of this happening are high the more ETH consolidates.
