Ethereum Price Today: ETH is up 1.50%, Trades at $3,140

Explore why Ethereum price is up 1.40% today. Why is ETH price trading at $3,140 and what to expect from Ether?
By Akash Girimath
November 16, 2024 | Updated November 16, 2024
Popular Analyst Predicts Ethereum Price Will Mirror S&P 500 Rally, $10K Ahead?

Highlights

  • Ethereum price today is up 1.40% after rallying 2% on Friday.
  • If Bitcoin continues its ascent, ETH could continue its uptrend as well.
  • Ether price could hit $250k between 2030 to 2050.

Ethereum (ETH) price trades today at $3,141.1 as of 11 PM. Ether prices hit a daily high of $3,200.2 today after rising 1.34% on November 13.

Why is Ethereum Price Rising Today?

After crashing 11% in the past three days, Ethereum price is up 1.40% today and trades at $3,042. As of Novemeber 16, there are promising signs of that the value of ETH could continue heading higher and tag key resistance levels.

Ethereum Price Chart

*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 & Historical Data

The year-to-date (YTD) performance of ETH continues to increase and currently sits at 33%. Ths recent slump in Bitcoin price has affected the YTD gains, which has dropped from 50% since November 11. As of November 13, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, would be up roughly $3,317. Regardless Ethereum’s market capitalization stands at $378.3 billion.

Ethereum is the Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $378.3 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 $26.3 billion.

Ethereum’s Crypto Trading Volume Remains High

The 24-hour trading volume of Ethereum is $26.3 billion. Binance is the largest contributer to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, ByBit follow Binance.

Ethereum Upgrades to a PoS Blockchain

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 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”)

2023

  • Shanghai-Capella (“Shapella”)

2022

  • Paris (The Merge)
  • Bellatrix
  • Gray Glacier

2021

  • Arrow Glacier
  • Altair
  • London
  • Berlin

2020

  • Beacon Chain genesis
  • Staking deposit contract deployed
  • Muir Glacier

ETH Gas & How It Influences Ethereum Price

the blockchain upgrades that Ethereum receives aims to solve the trilemma of blockchain i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Post-upgrade, Ethereum’s transaction fees (gas fees) plummeted, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of November 13, the gas fee for a transaction on the ETH network as of 11 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 Prediction & Trends

Despite the ongoing uptrend in Bitcoin, Ethereum continues to lag behind BTC and other cryptos, with only a select few altcoins shooting higher. If ETH manages to break out of this slump, it could trigger a rally toward $3,500.

Ethereum prices 2024

As of ‘November 13, here are some popular cryptocurrencies’ price-performance comparisons. The one-month performance shows Ether is up 15.37%, while year-to-date returns show ETH at 31.38%

ETH vs. BTC, SOL price performance
ETH vs. BTC, SOL price performance

As seen from the above year-to-date (YTD) price performance chart, Ethereum is clearly the worst-performing asset when paired with DOGE, SUI, SOL, and even BTC.

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Ethereum Price Outlook For Next Week

Date Price Change
November 12, 20253559.370.24%
November 13, 20253599.641.37%
November 14, 20253674.443.48%
November 15, 20253825.657.73%
November 16, 20253929.2210.65%
November 17, 20254003.9312.75%
November 18, 20253904.409.95%
November 19, 20253827.907.8%
November 20, 20253860.058.7%
November 21, 20253962.5411.59%
November 22, 20254121.0316.05%
November 23, 20254196.6518.18%
November 24, 20254255.0219.83%
November 25, 20254292.1120.87%
November 26, 20254287.6620.74%
November 27, 20254240.0919.4%
November 28, 20254199.1418.25%
November 29, 20254149.1716.84%
November 30, 20254015.9413.09%
December 01, 20253875.499.14%
December 02, 20253725.264.91%
December 03, 20253713.504.58%
December 04, 20253748.485.56%
December 05, 20253725.284.91%
December 06, 20253716.664.66%
December 07, 20253734.105.16%
December 08, 20253775.456.32%
December 09, 20253828.577.82%
December 10, 20253912.6910.19%
December 11, 20253978.4512.04%

Based on CoinGagpe’s Ethereum price predictions, investors can expect ETH to trade around $3,300, a near 6% uptick in the next week. In a month, Ether could be slightly lower at $2,800, slightly higher than from a week ago.

Ethereum Price Forecast Between 2025 & 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,753.82 $4,284.58 $4,019.20 12.3%
February $3,646.27 $4,277.06 $3,961.67 10.7%
March $3,538.73 $4,269.53 $3,904.13 9.1%
April $3,431.18 $4,262 $3,846.60 7.5%
May $3,323.64 $4,254.48 $3,789.06 5.9%
June $3,216.10 $4,246.95 $3,731.53 4.3%
July $3,108.55 $4,239.42 $3,673.99 2.7%
August $3,001.01 $4,231.90 $3,616.45 1%
September $2,893.46 $4,224.37 $3,558.92 -0.6%
October $2,785.92 $4,216.84 $3,501.38 -2.2%
November $2,678.37 $4,209.32 $3,443.85 -3.8%
December $2,570.83 $4,201.79 $3,386.31 -5.4%
All Time $3,162.32 $4,243.19 $3,702.76 3.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,111.43 $4,628.89 $4,079.95 14%
February $3,652.03 $5,055.99 $4,773.59 33.4%
March $4,192.62 $5,483.09 $5,467.23 52.8%
April $4,733.22 $5,910.19 $6,160.87 72.1%
May $5,273.82 $6,337.29 $6,854.51 91.5%
June $5,814.42 $6,764.40 $7,548.16 110.9%
July $6,355.01 $7,191.50 $8,241.80 130.3%
August $6,895.61 $7,618.60 $8,935.44 149.7%
September $7,436.21 $8,045.70 $9,629.08 169%
October $7,976.81 $8,472.80 $10,322.72 188.4%
November $8,517.40 $8,899.90 $11,016.36 207.8%
December $9,058 $9,327 $11,710 227.2%
All Time $6,084.71 $6,977.95 $7,894.98 120.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $9,393.58 $9,679.08 $12,045.17 236.6%
February $9,729.17 $10,031.17 $12,380.33 245.9%
March $10,064.75 $10,383.25 $12,715.50 255.3%
April $10,400.33 $10,735.33 $13,050.67 264.6%
May $10,735.92 $11,087.42 $13,385.83 274%
June $11,071.50 $11,439.50 $13,721 283.4%
July $11,407.08 $11,791.58 $14,056.17 292.7%
August $11,742.67 $12,143.67 $14,391.33 302.1%
September $12,078.25 $12,495.75 $14,726.50 311.5%
October $12,413.83 $12,847.83 $15,061.67 320.8%
November $12,749.42 $13,199.92 $15,396.83 330.2%
December $13,085 $13,552 $15,732 339.6%
All Time $11,239.29 $11,615.54 $13,888.58 288.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $13,563.08 $14,047.67 $16,309.92 355.7%
February $14,041.17 $14,543.33 $16,887.83 371.9%
March $14,519.25 $15,039 $17,465.75 388%
April $14,997.33 $15,534.67 $18,043.67 404.2%
May $15,475.42 $16,030.33 $18,621.58 420.3%
June $15,953.50 $16,526 $19,199.50 436.4%
July $16,431.58 $17,021.67 $19,777.42 452.6%
August $16,909.67 $17,517.33 $20,355.33 468.7%
September $17,387.75 $18,013 $20,933.25 484.9%
October $17,865.83 $18,508.67 $21,511.17 501%
November $18,343.92 $19,004.33 $22,089.08 517.2%
December $18,822 $19,500 $22,667 533.3%
All Time $16,192.54 $16,773.83 $19,488.46 444.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $19,526.50 $20,213 $23,522.92 557.2%
February $20,231 $20,926 $24,378.83 581.2%
March $20,935.50 $21,639 $25,234.75 605.1%
April $21,640 $22,352 $26,090.67 629%
May $22,344.50 $23,065 $26,946.58 652.9%
June $23,049 $23,778 $27,802.50 676.8%
July $23,753.50 $24,491 $28,658.42 700.7%
August $24,458 $25,204 $29,514.33 724.7%
September $25,162.50 $25,917 $30,370.25 748.6%
October $25,867 $26,630 $31,226.17 772.5%
November $26,571.50 $27,343 $32,082.08 796.4%
December $27,276 $28,056 $32,938 820.3%
All Time $23,401.25 $24,134.50 $28,230.46 688.8%

In a long-term outlook between 2025 and 2029, Ethereum price will end its ongoing slump and kickstart a bull rally. Based on Coingape’s forecasts, Ether prices could hover between $2,500 and $2,700 in 2025, but go as high as $22,900 in 2030.

Ethereum Prices Forecast 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 $34,130.33 853.6%
February $29,558.33 $30,442.17 $35,322.67 886.9%
March $30,699.50 $31,635.25 $36,515 920.3%
April $31,840.67 $32,828.33 $37,707.33 953.6%
May $32,981.83 $34,021.42 $38,899.67 986.9%
June $34,123 $35,214.50 $40,092 1020.2%
July $35,264.17 $36,407.58 $41,284.33 1053.5%
August $36,405.33 $37,600.67 $42,476.67 1086.8%
September $37,546.50 $38,793.75 $43,669 1120.1%
October $38,687.67 $39,986.83 $44,861.33 1153.5%
November $39,828.83 $41,179.92 $46,053.67 1186.8%
December $40,970 $42,373 $47,246 1220.1%
All Time $34,693.58 $35,811.04 $40,688.17 1036.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $42,748 $44,175.33 $49,253.67 1276.2%
February $44,526 $45,977.67 $51,261.33 1332.3%
March $46,304 $47,780 $53,269 1388.4%
April $48,082 $49,582.33 $55,276.67 1444.5%
May $49,860 $51,384.67 $57,284.33 1500.6%
June $51,638 $53,187 $59,292 1556.7%
July $53,416 $54,989.33 $61,299.67 1612.8%
August $55,194 $56,791.67 $63,307.33 1668.9%
September $56,972 $58,594 $65,315 1725%
October $58,750 $60,396.33 $67,322.67 1781%
November $60,528 $62,198.67 $69,330.33 1837.1%
December $62,306 $64,001 $71,338 1893.2%
All Time $52,527 $54,088.17 $60,295.83 1584.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $64,523 $66,343.42 $74,533 1982.5%
February $66,740 $68,685.83 $77,728 2071.8%
March $68,957 $71,028.25 $80,923 2161.1%
April $71,174 $73,370.67 $84,118 2250.3%
May $73,391 $75,713.08 $87,313 2339.6%
June $75,608 $78,055.50 $90,508 2428.9%
July $77,825 $80,397.92 $93,703 2518.1%
August $80,042 $82,740.33 $96,898 2607.4%
September $82,259 $85,082.75 $100,093 2696.7%
October $84,476 $87,425.17 $103,288 2785.9%
November $86,693 $89,767.58 $106,483 2875.2%
December $88,910 $92,110 $109,678 2964.5%
All Time $76,716.50 $79,226.71 $92,105.50 2473.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $92,565.75 $95,806.17 $113,497.58 3071.2%
February $96,221.50 $99,502.33 $117,317.17 3177.9%
March $99,877.25 $103,198.50 $121,136.75 3284.7%
April $103,533 $106,894.67 $124,956.33 3391.4%
May $107,188.75 $110,590.83 $128,775.92 3498.1%
June $110,844.50 $114,287 $132,595.50 3604.8%
July $114,500.25 $117,983.17 $136,415.08 3711.5%
August $118,156 $121,679.33 $140,234.67 3818.3%
September $121,811.75 $125,375.50 $144,054.25 3925%
October $125,467.50 $129,071.67 $147,873.83 4031.7%
November $129,123.25 $132,767.83 $151,693.42 4138.4%
December $132,779 $136,464 $155,513 4245.2%
All Time $112,672.38 $116,135.08 $134,505.29 3658.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $138,430.92 $142,604.83 $161,658.50 4416.9%
February $144,082.83 $148,745.67 $167,804 4588.6%
March $149,734.75 $154,886.50 $173,949.50 4760.3%
April $155,386.67 $161,027.33 $180,095 4932%
May $161,038.58 $167,168.17 $186,240.50 5103.7%
June $166,690.50 $173,309 $192,386 5275.4%
July $172,342.42 $179,449.83 $198,531.50 5447.1%
August $177,994.33 $185,590.67 $204,677 5618.8%
September $183,646.25 $191,731.50 $210,822.50 5790.5%
October $189,298.17 $197,872.33 $216,968 5962.3%
November $194,950.08 $204,013.17 $223,113.50 6134%
December $200,602 $210,154 $229,259 6305.7%
All Time $169,516.46 $176,379.42 $195,458.75 5361.3%
Month Minimum Price Average Price Maximum Price Potential ROI
January $204,695.92 $214,134.25 $233,011.75 6410.5%
February $208,789.83 $218,114.50 $236,764.50 6515.4%
March $212,883.75 $222,094.75 $240,517.25 6620.2%
April $216,977.67 $226,075 $244,270 6725.1%
May $221,071.58 $230,055.25 $248,022.75 6829.9%
June $225,165.50 $234,035.50 $251,775.50 6934.8%
July $229,259.42 $238,015.75 $255,528.25 7039.7%
August $233,353.33 $241,996 $259,281 7144.5%
September $237,447.25 $245,976.25 $263,033.75 7249.4%
October $241,541.17 $249,956.50 $266,786.50 7354.2%
November $245,635.08 $253,936.75 $270,539.25 7459.1%
December $249,729 $257,917 $274,292 7563.9%
All Time $227,212.46 $236,025.63 $253,651.88 6987.2%

Betweem 2023 and 2050, Ethereum price will most likely follow the bullish outlook and aim for the six-digit territory. The highest price of Ether in 2050 based on CoinGape forecasts is $126,482.21.

Ethereum Price Lags as BTC and SOL Out perform ETH

ETH continues to be a worst performer compared to its peers like Solana, Shiba Inu, Dogecoin and so on. However in the past three months this bearish outlook has not changed. BTC’s three-month yields stand at 49.21% but SUI takes the first spot with 260.75% gains and DOGE comes in at second with a return of 260.35%.

APT, TIA, SOL follow SUI and DOGE as the next best performers.

ETH vs. BTC, SOL, APT, SUI, 
ETH vs. BTC, SOL, APT, SUI

Here’s Why Ethereum Price is Disappointing Users in 2024

The introduction of spot Bitcoin ETFs has decreased Ethereum’s volatility, making it more attractive to traditional investors. However, Ethereum’s relatively stable prices following its ETF launch may be attributed to a lack of a compelling story for traditional investors. Furthermore, Solana has experienced a notable resurgence in 2024, drawing investors with its potential to surpass Ethereum. Solana’s high transaction capacity, low fees, and meme coin launches have also redirected liquidity away from Ethereum, causing investors to prefer Solana over the slower and more expensive Ethereum blockchain.

Given these factors, it’s not unexpected that Ethereum’s price has trailed behind BTC.

Ethereum ETFs & Their Tiny Impact on ETH Price

The launch of Bitcoin spot ETF paved way for increased crypto regulatory improvement. This was followed by the introduction of spot Ethereum ETFs. Unlike BTC ETF, ETH ETF has not positively impacted ETH price.

While the spot Bitcoin ETF kickstarted BTC bull run Ether prices remained relatively lull and displayed lackluster performance after the ETF launch. Only after Bitcoin price blew past the $75,000 level, the ETH spot ETF saw a considerable uptick.

As of November 16, the cumulative spot Ethereum ETF flows hover around $485.28 million. The daily ETF flow as of November 15 stands at -$3.24 million.

Ethereum ETF Inflows
Ethereum ETF Inflows

If Bitcoin price blasts past $93K, Ethereum price could also follow suite.

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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