Ethereum Price Today: Next Stop For ETH Is $15,000

Can Ethereum price sustain its bullish momentum and hit $15,000? This analyst suggests ETH's next stop is $15,000. Can Ether reach this ATH?
By Akash Girimath
December 13, 2024 | Updated December 13, 2024
Analyst Outlines Buying Opportunity Before Ethereum (ETH) Price Skyrockets to $3,000

Highlights

  • Ethereum price today trades just below its recent top of $4,087.
  • Long-term outlook for ETH remains bullish, with a popular analyst forecast $15,000 target.
  • The short-term outlook also looks bullish with ETH bouncing off the $4,000 psychological level.

Ethereum price today trades at $3,902.5 as of 11 PM. The drop comes after ETH hit a daily high of $3,965.9 after 0.84% move on October 16.

Ethereum Price Today: Can ETH Hit Five Digits?

Ethereum price continues to hover around $4,000, showing strength while many altcoins fumble. A popular analyst forecasts that the next stop for ETH is $15,000. Let’s explore.

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 Forecast & 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 $470.3 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 $35.8 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $35.8 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:

  • 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’ 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 October 16, 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 Forecast For The Next 7 Days

Date Price Change
October 15, 20253923.72-0.4%
October 16, 20253967.320.71%
October 17, 20254048.342.76%
October 18, 20254212.096.92%
October 19, 20254324.269.77%
October 20, 20254405.1611.82%
October 21, 20254297.389.09%
October 22, 20254214.526.98%
October 23, 20254249.357.87%
October 24, 20254360.3410.68%
October 25, 20254531.9915.04%
October 26, 20254613.8817.12%
October 27, 20254677.1018.72%
October 28, 20254717.2619.74%
October 29, 20254712.4419.62%
October 30, 20254660.9318.31%
October 31, 20254616.5817.19%
November 01, 20254562.4615.81%
November 02, 20254418.1712.15%
November 03, 20254266.068.29%
November 04, 20254103.374.16%
November 05, 20254090.633.84%
November 06, 20254128.524.8%
November 07, 20254103.404.16%
November 08, 20254094.063.92%
November 09, 20254112.954.4%
November 10, 20254157.735.54%
November 11, 20254215.267%
November 12, 20254306.369.31%
November 13, 20254377.5711.12%

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 Forecast Between 2025 & 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $4,107.91 $4,708.67 $4,408.29 11.1%
February $3,956.84 $4,700.08 $4,328.47 9.1%
March $3,805.78 $4,691.49 $4,248.64 7%
April $3,654.71 $4,682.90 $4,168.81 5%
May $3,503.65 $4,674.31 $4,088.98 3%
June $3,352.59 $4,665.72 $4,009.16 1%
July $3,201.52 $4,657.12 $3,929.33 -1%
August $3,050.46 $4,648.53 $3,849.50 -3%
September $2,899.39 $4,639.94 $3,769.67 -5%
October $2,748.33 $4,631.35 $3,689.85 -7%
November $2,597.26 $4,622.76 $3,610.02 -9%
December $2,446.20 $4,614.17 $3,530.19 -11.1%
All Time $3,277.05 $4,661.42 $3,969.24 0.0061%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,997.18 $5,006.91 $4,211.84 6.1%
February $3,548.17 $5,399.64 $4,893.49 23.3%
March $4,099.15 $5,792.38 $5,575.14 40.5%
April $4,650.13 $6,185.11 $6,256.79 57.6%
May $5,201.12 $6,577.85 $6,938.44 74.8%
June $5,752.10 $6,970.59 $7,620.10 92%
July $6,303.08 $7,363.32 $8,301.75 109.2%
August $6,854.07 $7,756.06 $8,983.40 126.3%
September $7,405.05 $8,148.79 $9,665.05 143.5%
October $7,956.03 $8,541.53 $10,346.70 160.7%
November $8,507.02 $8,934.26 $11,028.35 177.9%
December $9,058 $9,327 $11,710 195%
All Time $6,027.59 $7,166.95 $7,960.92 100.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $9,393.58 $9,679.08 $12,045.17 203.5%
February $9,729.17 $10,031.17 $12,380.33 211.9%
March $10,064.75 $10,383.25 $12,715.50 220.4%
April $10,400.33 $10,735.33 $13,050.67 228.8%
May $10,735.92 $11,087.42 $13,385.83 237.3%
June $11,071.50 $11,439.50 $13,721 245.7%
July $11,407.08 $11,791.58 $14,056.17 254.1%
August $11,742.67 $12,143.67 $14,391.33 262.6%
September $12,078.25 $12,495.75 $14,726.50 271%
October $12,413.83 $12,847.83 $15,061.67 279.5%
November $12,749.42 $13,199.92 $15,396.83 287.9%
December $13,085 $13,552 $15,732 296.4%
All Time $11,239.29 $11,615.54 $13,888.58 249.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $13,563.08 $14,047.67 $16,309.92 310.9%
February $14,041.17 $14,543.33 $16,887.83 325.5%
March $14,519.25 $15,039 $17,465.75 340.1%
April $14,997.33 $15,534.67 $18,043.67 354.6%
May $15,475.42 $16,030.33 $18,621.58 369.2%
June $15,953.50 $16,526 $19,199.50 383.7%
July $16,431.58 $17,021.67 $19,777.42 398.3%
August $16,909.67 $17,517.33 $20,355.33 412.9%
September $17,387.75 $18,013 $20,933.25 427.4%
October $17,865.83 $18,508.67 $21,511.17 442%
November $18,343.92 $19,004.33 $22,089.08 456.5%
December $18,822 $19,500 $22,667 471.1%
All Time $16,192.54 $16,773.83 $19,488.46 391%
Month Minimum Price Average Price Maximum Price Potential ROI
January $19,526.50 $20,213 $23,522.92 492.7%
February $20,231 $20,926 $24,378.83 514.2%
March $20,935.50 $21,639 $25,234.75 535.8%
April $21,640 $22,352 $26,090.67 557.4%
May $22,344.50 $23,065 $26,946.58 578.9%
June $23,049 $23,778 $27,802.50 600.5%
July $23,753.50 $24,491 $28,658.42 622.1%
August $24,458 $25,204 $29,514.33 643.6%
September $25,162.50 $25,917 $30,370.25 665.2%
October $25,867 $26,630 $31,226.17 686.8%
November $26,571.50 $27,343 $32,082.08 708.3%
December $27,276 $28,056 $32,938 729.9%
All Time $23,401.25 $24,134.50 $28,230.46 611.3%

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 $34,130.33 759.9%
February $29,558.33 $30,442.17 $35,322.67 790%
March $30,699.50 $31,635.25 $36,515 820%
April $31,840.67 $32,828.33 $37,707.33 850%
May $32,981.83 $34,021.42 $38,899.67 880.1%
June $34,123 $35,214.50 $40,092 910.1%
July $35,264.17 $36,407.58 $41,284.33 940.2%
August $36,405.33 $37,600.67 $42,476.67 970.2%
September $37,546.50 $38,793.75 $43,669 1000.3%
October $38,687.67 $39,986.83 $44,861.33 1030.3%
November $39,828.83 $41,179.92 $46,053.67 1060.3%
December $40,970 $42,373 $47,246 1090.4%
All Time $34,693.58 $35,811.04 $40,688.17 925.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $42,748 $44,175.33 $49,253.67 1141%
February $44,526 $45,977.67 $51,261.33 1191.5%
March $46,304 $47,780 $53,269 1242.1%
April $48,082 $49,582.33 $55,276.67 1292.7%
May $49,860 $51,384.67 $57,284.33 1343.3%
June $51,638 $53,187 $59,292 1393.9%
July $53,416 $54,989.33 $61,299.67 1444.5%
August $55,194 $56,791.67 $63,307.33 1495%
September $56,972 $58,594 $65,315 1545.6%
October $58,750 $60,396.33 $67,322.67 1596.2%
November $60,528 $62,198.67 $69,330.33 1646.8%
December $62,306 $64,001 $71,338 1697.4%
All Time $52,527 $54,088.17 $60,295.83 1419.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $64,523 $66,343.42 $74,533 1777.9%
February $66,740 $68,685.83 $77,728 1858.4%
March $68,957 $71,028.25 $80,923 1938.9%
April $71,174 $73,370.67 $84,118 2019.4%
May $73,391 $75,713.08 $87,313 2099.9%
June $75,608 $78,055.50 $90,508 2180.4%
July $77,825 $80,397.92 $93,703 2260.9%
August $80,042 $82,740.33 $96,898 2341.4%
September $82,259 $85,082.75 $100,093 2421.9%
October $84,476 $87,425.17 $103,288 2502.4%
November $86,693 $89,767.58 $106,483 2582.9%
December $88,910 $92,110 $109,678 2663.4%
All Time $76,716.50 $79,226.71 $92,105.50 2220.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $92,565.75 $95,806.17 $113,497.58 2759.6%
February $96,221.50 $99,502.33 $117,317.17 2855.8%
March $99,877.25 $103,198.50 $121,136.75 2952.1%
April $103,533 $106,894.67 $124,956.33 3048.3%
May $107,188.75 $110,590.83 $128,775.92 3144.5%
June $110,844.50 $114,287 $132,595.50 3240.8%
July $114,500.25 $117,983.17 $136,415.08 3337%
August $118,156 $121,679.33 $140,234.67 3433.2%
September $121,811.75 $125,375.50 $144,054.25 3529.5%
October $125,467.50 $129,071.67 $147,873.83 3625.7%
November $129,123.25 $132,767.83 $151,693.42 3722%
December $132,779 $136,464 $155,513 3818.2%
All Time $112,672.38 $116,135.08 $134,505.29 3288.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $138,430.92 $142,604.83 $161,658.50 3973%
February $144,082.83 $148,745.67 $167,804 4127.9%
March $149,734.75 $154,886.50 $173,949.50 4282.7%
April $155,386.67 $161,027.33 $180,095 4437.5%
May $161,038.58 $167,168.17 $186,240.50 4592.4%
June $166,690.50 $173,309 $192,386 4747.2%
July $172,342.42 $179,449.83 $198,531.50 4902.1%
August $177,994.33 $185,590.67 $204,677 5056.9%
September $183,646.25 $191,731.50 $210,822.50 5211.7%
October $189,298.17 $197,872.33 $216,968 5366.6%
November $194,950.08 $204,013.17 $223,113.50 5521.4%
December $200,602 $210,154 $229,259 5676.2%
All Time $169,516.46 $176,379.42 $195,458.75 4824.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $204,695.92 $214,134.25 $233,011.75 5770.8%
February $208,789.83 $218,114.50 $236,764.50 5865.3%
March $212,883.75 $222,094.75 $240,517.25 5959.9%
April $216,977.67 $226,075 $244,270 6054.4%
May $221,071.58 $230,055.25 $248,022.75 6149%
June $225,165.50 $234,035.50 $251,775.50 6243.6%
July $229,259.42 $238,015.75 $255,528.25 6338.1%
August $233,353.33 $241,996 $259,281 6432.7%
September $237,447.25 $245,976.25 $263,033.75 6527.2%
October $241,541.17 $249,956.50 $266,786.50 6621.8%
November $245,635.08 $253,936.75 $270,539.25 6716.3%
December $249,729 $257,917 $274,292 6810.9%
All Time $227,212.46 $236,025.63 $253,651.88 6290.8%

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: ETH Eyes $15,000

Kaleo, a popular crypto influencer and analyst, forecasts that the next stop for Ethereum price is $15,000. The thesis showcases an up-sloping trend line that connects the previous all-time highs formed during 2018 and 2022. Based on this prediction, the next target for ETH is $15,000.

This prediction aligns with the positive sentiment around ETH’s potential for growth, as indicated by various market analyses and social media discussions.

ETH/USD 1-week chart
ETH/USD 1-week chart

While the big picture scenario looks bullish, the short-term outlook is another thing. The 12-hour chart shows Ethereum price is at a make-or-break scenario. A strong surge of buying pressure that pushes ETH to produce a higher high above $4,087 will indicate a continuation of the uptrend.

ETH/USDT 12-hour chart
ETH/USDT 12-hour chart

On the other hand, if ETH bulls fail to defend, leading to a breakdown of $3,701 support level, would produce a lower low and invalidate the bullish thesis. This development would shift the bull market structure to bearish and attract selling pressure. 

In such a case, Ethereum price could trigger a near-20% crash to $3,161.

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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