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Ethereum Price Today: Can ETH Hit $5,000 if BTC Hits $150k?

Discover if Ethereum price has the ability to hit $5,000 if Bitcoin price manages to scale up to $150,000. Will ETH bulls pull through?
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Ethereum Price Today: Can ETH Hit $5,000 if BTC Hits $150k?

Highlights

  • Ethereum price is up today despite recent Bitcoin crash.
  • ETH hitting $5,000 seems highly likely if Bitcoin touches $150,000.
  • A breakdown of $3,352 support level could catalyze a double-digit correction to $3,000.

Despite the recent Bitcoin crash, Ethereum (ETH) price today trades at $3,853.7 as of 11 PM, which is a show of strength. Surprisingly, ETH performance during the recent crash is much better than most altcoins. Regardless, Ethereum prices today hit a daily high of $3,892.3 after 6.34% move on October 27. If this outlook continues, Ether could push toward $4,000 while investors await for Bitcoin price to hit $100k. But Can Ethereum hit $5,000, especially if Bitcoin hits $150k?

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Ethereum Price Today: ETH Delays Sell Signal

Ethereum price performance relative to its peers is a display of strength. Despite ETH’s bearish divergence it is up today. Regardless, ETH’s new-found bullishness is a  paradigm shift that also hints at an end of 2024’s boring performance.

From a short-term outlook, ETH price looks to extend its gains if BTC continues its sideways movement. Let’s explore this in the later section of this article.

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Ethereum Price Chart Today

*Ethereum price updated as of 11 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.

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Ethereum Price 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 October 27, 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 $464.1 billion.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $464.1 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 $60.2 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $60.2 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 Morphs to 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).

Key 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”): 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 & It’s 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 October 27, the gas fee for a transaction on the ETH network as of 11 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.

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Ethereum Price Outlook For Next Week

Date Price Change
October 26, 20253921.28-0.62%
October 27, 20253965.410.5%
October 28, 20254047.422.58%
October 29, 20254213.186.78%
October 30, 20254326.729.66%
October 31, 20254408.6111.73%
November 01, 20254299.508.97%
November 02, 20254215.646.84%
November 03, 20254250.897.74%
November 04, 20254363.2410.58%
November 05, 20254536.9814.99%
November 06, 20254619.8817.09%
November 07, 20254683.8618.71%
November 08, 20254724.5219.74%
November 09, 20254719.6419.62%
November 10, 20254667.5018.29%
November 11, 20254622.6117.16%
November 12, 20254567.8315.77%
November 13, 20254421.7712.07%
November 14, 20254267.818.16%
November 15, 20254103.123.99%
November 16, 20254090.233.66%
November 17, 20254128.584.64%
November 18, 20254103.153.99%
November 19, 20254093.703.75%
November 20, 20254112.824.24%
November 21, 20254158.155.38%
November 22, 20254216.386.86%
November 23, 20254308.609.2%
November 24, 20254380.6811.02%

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

Month Minimum Price Average Price Maximum Price Potential ROI
January $3,999.53 $4,709.37 $4,354.45 10.5%
February $3,862.65 $4,694.23 $4,278.44 8.6%
March $3,725.78 $4,679.08 $4,202.43 6.7%
April $3,588.90 $4,663.93 $4,126.42 4.7%
May $3,452.03 $4,648.79 $4,050.41 2.8%
June $3,315.15 $4,633.64 $3,974.40 0.87%
July $3,178.28 $4,618.49 $3,898.38 -1.1%
August $3,041.40 $4,603.35 $3,822.37 -3%
September $2,904.53 $4,588.20 $3,746.36 -4.9%
October $2,767.65 $4,573.05 $3,670.35 -6.8%
November $2,630.78 $4,557.91 $3,594.34 -8.8%
December $2,493.90 $4,542.76 $3,518.33 -10.7%
All Time $3,246.71 $4,626.07 $3,936.39 -0.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,040.91 $4,941.45 $4,200.97 6.6%
February $3,587.92 $5,340.13 $4,883.61 23.9%
March $4,134.93 $5,738.82 $5,566.25 41.3%
April $4,681.93 $6,137.51 $6,248.89 58.6%
May $5,228.94 $6,536.19 $6,931.53 75.9%
June $5,775.95 $6,934.88 $7,614.17 93.3%
July $6,322.96 $7,333.57 $8,296.80 110.6%
August $6,869.97 $7,732.25 $8,979.44 127.9%
September $7,416.98 $8,130.94 $9,662.08 145.2%
October $7,963.98 $8,529.63 $10,344.72 162.6%
November $8,510.99 $8,928.31 $11,027.36 179.9%
December $9,058 $9,327 $11,710 197.2%
All Time $6,049.45 $7,134.22 $7,955.48 101.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $9,393.58 $9,679.08 $12,045.17 205.7%
February $9,729.17 $10,031.17 $12,380.33 214.2%
March $10,064.75 $10,383.25 $12,715.50 222.7%
April $10,400.33 $10,735.33 $13,050.67 231.2%
May $10,735.92 $11,087.42 $13,385.83 239.7%
June $11,071.50 $11,439.50 $13,721 248.2%
July $11,407.08 $11,791.58 $14,056.17 256.8%
August $11,742.67 $12,143.67 $14,391.33 265.3%
September $12,078.25 $12,495.75 $14,726.50 273.8%
October $12,413.83 $12,847.83 $15,061.67 282.3%
November $12,749.42 $13,199.92 $15,396.83 290.8%
December $13,085 $13,552 $15,732 299.3%
All Time $11,239.29 $11,615.54 $13,888.58 252.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $13,563.08 $14,047.67 $16,309.92 314%
February $14,041.17 $14,543.33 $16,887.83 328.6%
March $14,519.25 $15,039 $17,465.75 343.3%
April $14,997.33 $15,534.67 $18,043.67 358%
May $15,475.42 $16,030.33 $18,621.58 372.6%
June $15,953.50 $16,526 $19,199.50 387.3%
July $16,431.58 $17,021.67 $19,777.42 402%
August $16,909.67 $17,517.33 $20,355.33 416.6%
September $17,387.75 $18,013 $20,933.25 431.3%
October $17,865.83 $18,508.67 $21,511.17 446%
November $18,343.92 $19,004.33 $22,089.08 460.6%
December $18,822 $19,500 $22,667 475.3%
All Time $16,192.54 $16,773.83 $19,488.46 394.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $19,526.50 $20,213 $23,522.92 497%
February $20,231 $20,926 $24,378.83 518.8%
March $20,935.50 $21,639 $25,234.75 540.5%
April $21,640 $22,352 $26,090.67 562.2%
May $22,344.50 $23,065 $26,946.58 583.9%
June $23,049 $23,778 $27,802.50 605.6%
July $23,753.50 $24,491 $28,658.42 627.4%
August $24,458 $25,204 $29,514.33 649.1%
September $25,162.50 $25,917 $30,370.25 670.8%
October $25,867 $26,630 $31,226.17 692.5%
November $26,571.50 $27,343 $32,082.08 714.3%
December $27,276 $28,056 $32,938 736%
All Time $23,401.25 $24,134.50 $28,230.46 616.5%

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

Month Minimum Price Average Price Maximum Price Potential ROI
January $28,417.17 $29,249.08 $34,130.33 766.3%
February $29,558.33 $30,442.17 $35,322.67 796.5%
March $30,699.50 $31,635.25 $36,515 826.8%
April $31,840.67 $32,828.33 $37,707.33 857%
May $32,981.83 $34,021.42 $38,899.67 887.3%
June $34,123 $35,214.50 $40,092 917.6%
July $35,264.17 $36,407.58 $41,284.33 947.8%
August $36,405.33 $37,600.67 $42,476.67 978.1%
September $37,546.50 $38,793.75 $43,669 1008.4%
October $38,687.67 $39,986.83 $44,861.33 1038.6%
November $39,828.83 $41,179.92 $46,053.67 1068.9%
December $40,970 $42,373 $47,246 1099.1%
All Time $34,693.58 $35,811.04 $40,688.17 932.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $42,748 $44,175.33 $49,253.67 1150.1%
February $44,526 $45,977.67 $51,261.33 1201%
March $46,304 $47,780 $53,269 1252%
April $48,082 $49,582.33 $55,276.67 1303%
May $49,860 $51,384.67 $57,284.33 1353.9%
June $51,638 $53,187 $59,292 1404.9%
July $53,416 $54,989.33 $61,299.67 1455.8%
August $55,194 $56,791.67 $63,307.33 1506.8%
September $56,972 $58,594 $65,315 1557.7%
October $58,750 $60,396.33 $67,322.67 1608.7%
November $60,528 $62,198.67 $69,330.33 1659.7%
December $62,306 $64,001 $71,338 1710.6%
All Time $52,527 $54,088.17 $60,295.83 1430.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $64,523 $66,343.42 $74,533 1791.7%
February $66,740 $68,685.83 $77,728 1872.8%
March $68,957 $71,028.25 $80,923 1953.9%
April $71,174 $73,370.67 $84,118 2035%
May $73,391 $75,713.08 $87,313 2116.1%
June $75,608 $78,055.50 $90,508 2197.2%
July $77,825 $80,397.92 $93,703 2278.2%
August $80,042 $82,740.33 $96,898 2359.3%
September $82,259 $85,082.75 $100,093 2440.4%
October $84,476 $87,425.17 $103,288 2521.5%
November $86,693 $89,767.58 $106,483 2602.6%
December $88,910 $92,110 $109,678 2683.7%
All Time $76,716.50 $79,226.71 $92,105.50 2237.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $92,565.75 $95,806.17 $113,497.58 2780.6%
February $96,221.50 $99,502.33 $117,317.17 2877.6%
March $99,877.25 $103,198.50 $121,136.75 2974.5%
April $103,533 $106,894.67 $124,956.33 3071.5%
May $107,188.75 $110,590.83 $128,775.92 3168.4%
June $110,844.50 $114,287 $132,595.50 3265.4%
July $114,500.25 $117,983.17 $136,415.08 3362.3%
August $118,156 $121,679.33 $140,234.67 3459.3%
September $121,811.75 $125,375.50 $144,054.25 3556.2%
October $125,467.50 $129,071.67 $147,873.83 3653.1%
November $129,123.25 $132,767.83 $151,693.42 3750.1%
December $132,779 $136,464 $155,513 3847%
All Time $112,672.38 $116,135.08 $134,505.29 3313.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $138,430.92 $142,604.83 $161,658.50 4003%
February $144,082.83 $148,745.67 $167,804 4159%
March $149,734.75 $154,886.50 $173,949.50 4315%
April $155,386.67 $161,027.33 $180,095 4470.9%
May $161,038.58 $167,168.17 $186,240.50 4626.9%
June $166,690.50 $173,309 $192,386 4782.9%
July $172,342.42 $179,449.83 $198,531.50 4938.9%
August $177,994.33 $185,590.67 $204,677 5094.8%
September $183,646.25 $191,731.50 $210,822.50 5250.8%
October $189,298.17 $197,872.33 $216,968 5406.8%
November $194,950.08 $204,013.17 $223,113.50 5562.8%
December $200,602 $210,154 $229,259 5718.8%
All Time $169,516.46 $176,379.42 $195,458.75 4860.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $204,695.92 $214,134.25 $233,011.75 5814%
February $208,789.83 $218,114.50 $236,764.50 5909.3%
March $212,883.75 $222,094.75 $240,517.25 6004.5%
April $216,977.67 $226,075 $244,270 6099.7%
May $221,071.58 $230,055.25 $248,022.75 6195%
June $225,165.50 $234,035.50 $251,775.50 6290.2%
July $229,259.42 $238,015.75 $255,528.25 6385.5%
August $233,353.33 $241,996 $259,281 6480.7%
September $237,447.25 $245,976.25 $263,033.75 6576%
October $241,541.17 $249,956.50 $266,786.50 6671.2%
November $245,635.08 $253,936.75 $270,539.25 6766.5%
December $249,729 $257,917 $274,292 6861.7%
All Time $227,212.46 $236,025.63 $253,651.88 6337.9%

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.

Can Ethereum Price Hit $5,000 if BTC Touches $150K?

The recent sideways movement in Bitcoin, as mentioned above, has allowed altcoins to run wild. Amid this phase of the bull cycle, Ethereum has emerged as a strong coin as it failed to be influenced by the recent 8% crash in BTC. This paradigm shift could help ETH scale higher in two particular scenarios – if Bitcoin continues its sideways movement and during a BTC-led uptrend.

Assuming, Bitcoin ends its rangebound movement and kickstarts an uptrend, starting second week, then Ethereum price could follow its path. If Bitcoin price shatters the $100K level and hits $150K, it will be a significant achievement for the largest crypto by market cap. Under these bullish conditions only a select few coins will be able to keep up. Ethereum is one such crypto.

Considering the recent show of strength coupled with Bitcoin’s run up to $150K, Ethereum is highly likely to hit $5,000. This move would constitute 35% rally and isn’t unheard of in the cryptocurrency ecosystem.

ETH/USDT 1-day chart
ETH/USDT 1-day chart

On the contrary, if Ethereum price fails to hold $3,352 with Bitcoin sliding lower, it would suggest that the bullish outlook would be unlikely to unfold. Such a development could suggest ETH could crash 14% to tag the next key support level of $3,000 or $2,886.

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Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.

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