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 September 29.

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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.

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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.

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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 September 29, 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
September 28, 20253971.65-1.14%
September 29, 20254015.95-0.04%
September 30, 20254098.022%
October 01, 20254264.406.15%
October 02, 20254378.698.99%
October 03, 20254460.8911.04%
October 04, 20254352.588.34%
October 05, 20254267.166.21%
October 06, 20254302.557.09%
October 07, 20254413.969.87%
October 08, 20254588.3514.21%
October 09, 20254672.7816.31%
October 10, 20254737.4017.92%
October 11, 20254778.2118.93%
October 12, 20254774.7718.85%
October 13, 20254722.4417.55%
October 14, 20254677.2116.42%
October 15, 20254624.2515.1%
October 16, 20254477.6511.45%
October 17, 20254323.517.62%
October 18, 20254158.223.5%
October 19, 20254140.423.06%
October 20, 20254180.624.06%
October 21, 20254155.093.42%
October 22, 20254144.383.16%
October 23, 20254163.573.64%
October 24, 20254207.924.74%
October 25, 20254266.376.19%
October 26, 20254357.848.47%
October 27, 20254432.5610.33%

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 $3,784.12 $4,771.27 $4,277.69 8.9%
February $3,608.59 $4,764.32 $4,186.46 6.6%
March $3,433.06 $4,757.38 $4,095.22 4.2%
April $3,257.52 $4,750.43 $4,003.98 1.9%
May $3,081.99 $4,743.49 $3,912.74 -0.4%
June $2,906.46 $4,736.55 $3,821.51 -2.7%
July $2,730.93 $4,729.60 $3,730.27 -5.1%
August $2,555.40 $4,722.66 $3,639.03 -7.4%
September $2,379.87 $4,715.71 $3,547.79 -9.7%
October $2,204.33 $4,708.77 $3,456.56 -12%
November $2,028.80 $4,701.82 $3,365.32 -14.3%
December $1,853.27 $4,694.88 $3,274.08 -16.7%
All Time $2,818.69 $4,733.07 $3,775.89 -3.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,532.75 $5,160.72 $3,976.07 1.2%
February $3,212.23 $5,626.57 $4,678.07 19.1%
March $3,891.70 $6,092.41 $5,380.06 36.9%
April $4,571.18 $6,558.25 $6,082.05 54.8%
May $5,250.66 $7,024.10 $6,784.05 72.7%
June $5,930.14 $7,489.94 $7,486.04 90.5%
July $6,609.61 $7,955.78 $8,188.03 108.4%
August $7,289.09 $8,421.63 $8,890.03 126.3%
September $7,968.57 $8,887.47 $9,592.02 144.1%
October $8,648.05 $9,353.31 $10,294.01 162%
November $9,327.52 $9,819.16 $10,996.01 179.9%
December $10,007 $10,285 $11,698 197.7%
All Time $6,269.87 $7,722.86 $7,837.04 99.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $10,396.50 $10,685.67 $12,201.42 210.5%
February $10,786 $11,086.33 $12,704.83 223.4%
March $11,175.50 $11,487 $13,208.25 236.2%
April $11,565 $11,887.67 $13,711.67 249%
May $11,954.50 $12,288.33 $14,215.08 261.8%
June $12,344 $12,689 $14,718.50 274.6%
July $12,733.50 $13,089.67 $15,221.92 287.4%
August $13,123 $13,490.33 $15,725.33 300.2%
September $13,512.50 $13,891 $16,228.75 313.1%
October $13,902 $14,291.67 $16,732.17 325.9%
November $14,291.50 $14,692.33 $17,235.58 338.7%
December $14,681 $15,093 $17,739 351.5%
All Time $12,538.75 $12,889.33 $14,970.21 281%
Month Minimum Price Average Price Maximum Price Potential ROI
January $15,252.67 $15,680.67 $18,316 366.2%
February $15,824.33 $16,268.33 $18,893 380.9%
March $16,396 $16,856 $19,470 395.5%
April $16,967.67 $17,443.67 $20,047 410.2%
May $17,539.33 $18,031.33 $20,624 424.9%
June $18,111 $18,619 $21,201 439.6%
July $18,682.67 $19,206.67 $21,778 454.3%
August $19,254.33 $19,794.33 $22,355 469%
September $19,826 $20,382 $22,932 483.7%
October $20,397.67 $20,969.67 $23,509 498.3%
November $20,969.33 $21,557.33 $24,086 513%
December $21,541 $22,145 $24,663 527.7%
All Time $18,396.83 $18,912.83 $21,489.50 446.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $22,232.75 $22,878.67 $25,657.17 553%
February $22,924.50 $23,612.33 $26,651.33 578.3%
March $23,616.25 $24,346 $27,645.50 603.6%
April $24,308 $25,079.67 $28,639.67 628.9%
May $24,999.75 $25,813.33 $29,633.83 654.2%
June $25,691.50 $26,547 $30,628 679.5%
July $26,383.25 $27,280.67 $31,622.17 704.8%
August $27,075 $28,014.33 $32,616.33 730.1%
September $27,766.75 $28,748 $33,610.50 755.4%
October $28,458.50 $29,481.67 $34,604.67 780.7%
November $29,150.25 $30,215.33 $35,598.83 806.1%
December $29,842 $30,949 $36,593 831.4%
All Time $26,037.38 $26,913.83 $31,125.08 692.2%

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 $31,072.58 $32,190.50 $37,882.25 864.2%
February $32,303.17 $33,432 $39,171.50 897%
March $33,533.75 $34,673.50 $40,460.75 929.8%
April $34,764.33 $35,915 $41,750 962.6%
May $35,994.92 $37,156.50 $43,039.25 995.4%
June $37,225.50 $38,398 $44,328.50 1028.2%
July $38,456.08 $39,639.50 $45,617.75 1061.1%
August $39,686.67 $40,881 $46,907 1093.9%
September $40,917.25 $42,122.50 $48,196.25 1126.7%
October $42,147.83 $43,364 $49,485.50 1159.5%
November $43,378.42 $44,605.50 $50,774.75 1192.3%
December $44,609 $45,847 $52,064 1225.1%
All Time $37,840.79 $39,018.75 $44,973.13 1044.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $46,510.08 $47,797.75 $54,233.75 1280.3%
February $48,411.17 $49,748.50 $56,403.50 1335.6%
March $50,312.25 $51,699.25 $58,573.25 1390.8%
April $52,213.33 $53,650 $60,743 1446%
May $54,114.42 $55,600.75 $62,912.75 1501.2%
June $56,015.50 $57,551.50 $65,082.50 1556.5%
July $57,916.58 $59,502.25 $67,252.25 1611.7%
August $59,817.67 $61,453 $69,422 1666.9%
September $61,718.75 $63,403.75 $71,591.75 1722.1%
October $63,619.83 $65,354.50 $73,761.50 1777.4%
November $65,520.92 $67,305.25 $75,931.25 1832.6%
December $67,422 $69,256 $78,101 1887.8%
All Time $56,966.04 $58,526.88 $66,167.38 1584.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $70,316.75 $72,286.50 $81,574 1976.2%
February $73,211.50 $75,317 $85,047 2064.6%
March $76,106.25 $78,347.50 $88,520 2153%
April $79,001 $81,378 $91,993 2241.4%
May $81,895.75 $84,408.50 $95,466 2329.8%
June $84,790.50 $87,439 $98,939 2418.2%
July $87,685.25 $90,469.50 $102,412 2506.6%
August $90,580 $93,500 $105,885 2595%
September $93,474.75 $96,530.50 $109,358 2683.4%
October $96,369.50 $99,561 $112,831 2771.7%
November $99,264.25 $102,591.50 $116,304 2860.1%
December $102,159 $105,622 $119,777 2948.5%
All Time $86,237.88 $88,954.25 $100,675.50 2462.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $106,500.17 $110,114.67 $124,501.33 3068.8%
February $110,841.33 $114,607.33 $129,225.67 3189%
March $115,182.50 $119,100 $133,950 3309.3%
April $119,523.67 $123,592.67 $138,674.33 3429.5%
May $123,864.83 $128,085.33 $143,398.67 3549.7%
June $128,206 $132,578 $148,123 3670%
July $132,547.17 $137,070.67 $152,847.33 3790.2%
August $136,888.33 $141,563.33 $157,571.67 3910.5%
September $141,229.50 $146,056 $162,296 4030.7%
October $145,570.67 $150,548.67 $167,020.33 4151%
November $149,911.83 $155,041.33 $171,744.67 4271.2%
December $154,253 $159,534 $176,469 4391.4%
All Time $130,376.58 $134,824.33 $150,485.17 3730.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $160,409.75 $166,447.17 $183,699.25 4575.5%
February $166,566.50 $173,360.33 $190,929.50 4759.5%
March $172,723.25 $180,273.50 $198,159.75 4943.5%
April $178,880 $187,186.67 $205,390 5127.5%
May $185,036.75 $194,099.83 $212,620.25 5311.6%
June $191,193.50 $201,013 $219,850.50 5495.6%
July $197,350.25 $207,926.17 $227,080.75 5679.6%
August $203,507 $214,839.33 $234,311 5863.6%
September $209,663.75 $221,752.50 $241,541.25 6047.7%
October $215,820.50 $228,665.67 $248,771.50 6231.7%
November $221,977.25 $235,578.83 $256,001.75 6415.7%
December $228,134 $242,492 $263,232 6599.7%
All Time $194,271.88 $204,469.58 $223,465.63 5587.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $232,521.25 $247,676.92 $268,151 6724.9%
February $236,908.50 $252,861.83 $273,070 6850.1%
March $241,295.75 $258,046.75 $277,989 6975.3%
April $245,683 $263,231.67 $282,908 7100.5%
May $250,070.25 $268,416.58 $287,827 7225.7%
June $254,457.50 $273,601.50 $292,746 7350.9%
July $258,844.75 $278,786.42 $297,665 7476.1%
August $263,232 $283,971.33 $302,584 7601.3%
September $267,619.25 $289,156.25 $307,503 7726.5%
October $272,006.50 $294,341.17 $312,422 7851.7%
November $276,393.75 $299,526.08 $317,341 7976.9%
December $280,781 $304,711 $322,260 8102.1%
All Time $256,651.13 $276,193.96 $295,205.50 7413.5%

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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