Ethereum Price Today: Forecasting ETH’s Next ATH

Explore how high Ethereum price can go to set up its next ATH. Will ETH bulls manage to flip $4,000 into support and trend higher?
By Akash Girimath
December 12, 2024 | Updated December 12, 2024
Can Ethereum Price Hit $4,000 Amid Bullish Signals? Key Levels and 2025 Forecasts

Highlights

  • Ethereum price today is up after December 11's 5.62% rally.
  • The parallel channel forecasts the next targets for ETH are $4,313 and $5,274.
  • A rejection at $4,000 could knock ETH down to $3,800 and $3,000 support levels.

Ethereum price trades today at $3,873.9 as of 11 PM. ETH hit a daily high of $3,985.4 after 0.92% move on October 19.

Ethereum Price Today: What’s Next After $4,000?

The daily chart shows Ethereum price today is hovering around $4,000 and looks ready to shoot higher. witnessed on December 5 and 10 are done. Going forward,  investors can ignore ETH’s bearish divergence sell signal and expect it ti climb higher. In fact, technicals suggest Ethereum price could be setting the stage to set a new ATH above $5,000.

Ethereum Price Chart Today

eth price 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.

Ethereum Price Outlook

ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $466.7 billion, after Bitcoin’s $1.95 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): $109 billion
  • Ripple (XRP): $138 billion
  • BNB (BNB): $104 billion

In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $47.2 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $47.2 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’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).

Notable 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:

  • 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 Impact 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 October 19, 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 The Next Week

Date Price Change
October 18, 20253706.96-1.53%
October 19, 20253748.60-0.42%
October 20, 20253825.981.63%
October 21, 20253982.385.79%
October 22, 20254089.518.64%
October 23, 20254166.7810.69%
October 24, 20254063.837.95%
October 25, 20253984.705.85%
October 26, 20254017.966.73%
October 27, 20254123.979.55%
October 28, 20254287.9013.91%
October 29, 20254366.1215.98%
October 30, 20254426.4917.59%
October 31, 20254464.8618.61%
November 01, 20254460.2518.48%
November 02, 20254411.0517.18%
November 03, 20254368.6916.05%
November 04, 20254317.0114.68%
November 05, 20254179.2011.02%
November 06, 20254033.927.16%
November 07, 20253878.543.03%
November 08, 20253866.382.71%
November 09, 20253902.563.67%
November 10, 20253878.563.03%
November 11, 20253869.652.79%
November 12, 20253887.693.27%
November 13, 20253930.464.41%
November 14, 20253985.405.87%
November 15, 20254072.418.18%
November 16, 20254140.429.99%

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

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,942.43 $4,461.96 $4,202.20 12.1%
February $3,754.28 $4,459.06 $4,106.68 9.6%
March $3,566.14 $4,456.16 $4,011.16 7%
April $3,378 $4,453.26 $3,915.63 4.5%
May $3,189.85 $4,450.36 $3,820.11 2%
June $3,001.71 $4,447.46 $3,724.59 -0.6%
July $2,813.57 $4,444.56 $3,629.07 -3.1%
August $2,625.42 $4,441.66 $3,533.55 -5.7%
September $2,437.28 $4,438.76 $3,438.03 -8.2%
October $2,249.14 $4,435.86 $3,342.50 -10.8%
November $2,060.99 $4,432.96 $3,246.98 -13.3%
December $1,872.85 $4,430.06 $3,151.46 -15.9%
All Time $2,907.64 $4,446.01 $3,676.83 -1.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,471.61 $4,838.14 $3,864.67 3.1%
February $3,070.38 $5,246.22 $4,577.88 22.2%
March $3,669.14 $5,654.30 $5,291.10 41.2%
April $4,267.90 $6,062.37 $6,004.31 60.2%
May $4,866.66 $6,470.45 $6,717.52 79.3%
June $5,465.43 $6,878.53 $7,430.73 98.3%
July $6,064.19 $7,286.61 $8,143.94 117.3%
August $6,662.95 $7,694.69 $8,857.15 136.4%
September $7,261.71 $8,102.77 $9,570.37 155.4%
October $7,860.48 $8,510.84 $10,283.58 174.4%
November $8,459.24 $8,918.92 $10,996.79 193.5%
December $9,058 $9,327 $11,710 212.5%
All Time $5,764.81 $7,082.57 $7,787.34 107.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $9,393.58 $9,679.08 $12,045.17 221.5%
February $9,729.17 $10,031.17 $12,380.33 230.4%
March $10,064.75 $10,383.25 $12,715.50 239.4%
April $10,400.33 $10,735.33 $13,050.67 248.3%
May $10,735.92 $11,087.42 $13,385.83 257.2%
June $11,071.50 $11,439.50 $13,721 266.2%
July $11,407.08 $11,791.58 $14,056.17 275.1%
August $11,742.67 $12,143.67 $14,391.33 284.1%
September $12,078.25 $12,495.75 $14,726.50 293%
October $12,413.83 $12,847.83 $15,061.67 302%
November $12,749.42 $13,199.92 $15,396.83 310.9%
December $13,085 $13,552 $15,732 319.9%
All Time $11,239.29 $11,615.54 $13,888.58 270.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $13,563.08 $14,047.67 $16,309.92 335.3%
February $14,041.17 $14,543.33 $16,887.83 350.7%
March $14,519.25 $15,039 $17,465.75 366.1%
April $14,997.33 $15,534.67 $18,043.67 381.5%
May $15,475.42 $16,030.33 $18,621.58 397%
June $15,953.50 $16,526 $19,199.50 412.4%
July $16,431.58 $17,021.67 $19,777.42 427.8%
August $16,909.67 $17,517.33 $20,355.33 443.2%
September $17,387.75 $18,013 $20,933.25 458.7%
October $17,865.83 $18,508.67 $21,511.17 474.1%
November $18,343.92 $19,004.33 $22,089.08 489.5%
December $18,822 $19,500 $22,667 504.9%
All Time $16,192.54 $16,773.83 $19,488.46 420.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $19,526.50 $20,213 $23,522.92 527.8%
February $20,231 $20,926 $24,378.83 550.6%
March $20,935.50 $21,639 $25,234.75 573.5%
April $21,640 $22,352 $26,090.67 596.3%
May $22,344.50 $23,065 $26,946.58 619.2%
June $23,049 $23,778 $27,802.50 642%
July $23,753.50 $24,491 $28,658.42 664.8%
August $24,458 $25,204 $29,514.33 687.7%
September $25,162.50 $25,917 $30,370.25 710.5%
October $25,867 $26,630 $31,226.17 733.4%
November $26,571.50 $27,343 $32,082.08 756.2%
December $27,276 $28,056 $32,938 779%
All Time $23,401.25 $24,134.50 $28,230.46 653.4%

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
Month Minimum Price Average Price Maximum Price Potential ROI
January $28,417.17 $29,249.08 $34,130.33 810.9%
February $29,558.33 $30,442.17 $35,322.67 842.7%
March $30,699.50 $31,635.25 $36,515 874.5%
April $31,840.67 $32,828.33 $37,707.33 906.3%
May $32,981.83 $34,021.42 $38,899.67 938.2%
June $34,123 $35,214.50 $40,092 970%
July $35,264.17 $36,407.58 $41,284.33 1001.8%
August $36,405.33 $37,600.67 $42,476.67 1033.6%
September $37,546.50 $38,793.75 $43,669 1065.4%
October $38,687.67 $39,986.83 $44,861.33 1097.3%
November $39,828.83 $41,179.92 $46,053.67 1129.1%
December $40,970 $42,373 $47,246 1160.9%
All Time $34,693.58 $35,811.04 $40,688.17 985.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $42,748 $44,175.33 $49,253.67 1214.5%
February $44,526 $45,977.67 $51,261.33 1268.1%
March $46,304 $47,780 $53,269 1321.6%
April $48,082 $49,582.33 $55,276.67 1375.2%
May $49,860 $51,384.67 $57,284.33 1428.8%
June $51,638 $53,187 $59,292 1482.4%
July $53,416 $54,989.33 $61,299.67 1536%
August $55,194 $56,791.67 $63,307.33 1589.5%
September $56,972 $58,594 $65,315 1643.1%
October $58,750 $60,396.33 $67,322.67 1696.7%
November $60,528 $62,198.67 $69,330.33 1750.3%
December $62,306 $64,001 $71,338 1803.9%
All Time $52,527 $54,088.17 $60,295.83 1509.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $64,523 $66,343.42 $74,533 1889.1%
February $66,740 $68,685.83 $77,728 1974.4%
March $68,957 $71,028.25 $80,923 2059.7%
April $71,174 $73,370.67 $84,118 2144.9%
May $73,391 $75,713.08 $87,313 2230.2%
June $75,608 $78,055.50 $90,508 2315.5%
July $77,825 $80,397.92 $93,703 2400.7%
August $80,042 $82,740.33 $96,898 2486%
September $82,259 $85,082.75 $100,093 2571.3%
October $84,476 $87,425.17 $103,288 2656.6%
November $86,693 $89,767.58 $106,483 2741.8%
December $88,910 $92,110 $109,678 2827.1%
All Time $76,716.50 $79,226.71 $92,105.50 2358.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $92,565.75 $95,806.17 $113,497.58 2929%
February $96,221.50 $99,502.33 $117,317.17 3031%
March $99,877.25 $103,198.50 $121,136.75 3132.9%
April $103,533 $106,894.67 $124,956.33 3234.8%
May $107,188.75 $110,590.83 $128,775.92 3336.8%
June $110,844.50 $114,287 $132,595.50 3438.7%
July $114,500.25 $117,983.17 $136,415.08 3540.6%
August $118,156 $121,679.33 $140,234.67 3642.6%
September $121,811.75 $125,375.50 $144,054.25 3744.5%
October $125,467.50 $129,071.67 $147,873.83 3846.5%
November $129,123.25 $132,767.83 $151,693.42 3948.4%
December $132,779 $136,464 $155,513 4050.3%
All Time $112,672.38 $116,135.08 $134,505.29 3489.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $138,430.92 $142,604.83 $161,658.50 4214.3%
February $144,082.83 $148,745.67 $167,804 4378.4%
March $149,734.75 $154,886.50 $173,949.50 4542.4%
April $155,386.67 $161,027.33 $180,095 4706.4%
May $161,038.58 $167,168.17 $186,240.50 4870.4%
June $166,690.50 $173,309 $192,386 5034.4%
July $172,342.42 $179,449.83 $198,531.50 5198.4%
August $177,994.33 $185,590.67 $204,677 5362.4%
September $183,646.25 $191,731.50 $210,822.50 5526.4%
October $189,298.17 $197,872.33 $216,968 5690.4%
November $194,950.08 $204,013.17 $223,113.50 5854.5%
December $200,602 $210,154 $229,259 6018.5%
All Time $169,516.46 $176,379.42 $195,458.75 5116.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $204,695.92 $214,134.25 $233,011.75 6118.6%
February $208,789.83 $218,114.50 $236,764.50 6218.8%
March $212,883.75 $222,094.75 $240,517.25 6318.9%
April $216,977.67 $226,075 $244,270 6419.1%
May $221,071.58 $230,055.25 $248,022.75 6519.2%
June $225,165.50 $234,035.50 $251,775.50 6619.4%
July $229,259.42 $238,015.75 $255,528.25 6719.5%
August $233,353.33 $241,996 $259,281 6819.7%
September $237,447.25 $245,976.25 $263,033.75 6919.8%
October $241,541.17 $249,956.50 $266,786.50 7020%
November $245,635.08 $253,936.75 $270,539.25 7120.2%
December $249,729 $257,917 $274,292 7220.3%
All Time $227,212.46 $236,025.63 $253,651.88 6669.5%

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 Analysis: Predicting Next ATH Target for ETH

Ethereum price shows that its 2024’s lackluster performance ended on November 20. Since this point, ETH has shot up nearly 35% and set up a local top at $4,091. Following this uptrend was a 14% correction that formed a local bottom around $3,515. Drawing a trend line connecting the aforementioned swing points shows the formation of an uptrending parallel channel. So far, Ether has tagged twice at the bottom and two at the top and is currently retesting the midpoint of the parallel channel’s midpoint at $3,936 after a 12% rally.

The next target for Ethereum price is the upper limit of the parallel channel at $4,314. From a theoretical standpoint, however, the technical formation should be doubled, which puts the target at $5,274, well above the $4,878 all-time high.

ETH/USDT 4-hour chart
ETH/USDT 4-hour chart

If buyers fail to push Ethereum price higher with Bitcoin collapsing like it did a few days ago then, ETH could reject from the parallel channel’s midpoint and revisit the lower limit at $3,870 support level. A breakdown of this level could send ETH down to $3,000 psychological level.

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.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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