Ethereum Price Today: How High Can ETH Go?

Explore if ethereum price today will correct as it faces a key hurdle. Will bulls help ETH retest $4,000 or trigger a correction to $3,000?
By Akash Girimath
November 22, 2024 | Updated November 22, 2024
Analyst Outlines Buying Opportunity Before Ethereum (ETH) Price Skyrockets to $3,000

Highlights

  • Ethereum price today is up 1.40% after rallying 2% on Friday.
  • A rejection at $3,400 could result in a correction to sub-$3,000 but a flip of this level could see ETH revisit $4,000.
  • Based on CoinGape predictions, Ether price could hit $250k between 2030 to 2050.

Ethereum (ETH) price trades today at $3,321.8 as of 11 PM. Ether prices hit a daily high of $3,418.5 today after rising -1.32% on September 10.

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Why is Ethereum Price Rising Today?

After crashing 11% in the past three days, Ethereum price today is up -1.32% and trades at $3,042. As of November 16, there are promising signs that the value of ETH could continue heading higher and tag key resistance levels.

Ethereum Price Today
Ethereum Price Today
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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 & Historical Data

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 September 10, 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 $400.0 billion.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $400.0 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 $39.3 billion.

Ethereum’s Crypto Trading Volume Remains High

The 24-hour trading volume of Ethereum is $39.3 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 Shifts From PoW to PoS

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 Upgrades in The Past Five 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 & Its 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 September 10, 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.

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Ethereum Price Outlook For Next 7 Days

Date Price Change
September 10, 20254321.86-0.39%
September 11, 20254369.460.71%
September 12, 20254456.332.71%
September 13, 20254635.056.83%
September 14, 20254759.619.7%
September 15, 20254847.9011.73%
September 16, 20254738.089.2%
September 17, 20254639.616.93%
September 18, 20254677.627.81%
September 19, 20254789.9410.4%
September 20, 20254977.2714.71%
September 21, 20255074.6516.96%
September 22, 20255146.1718.61%
September 23, 20255190.0119.62%
September 24, 20255194.2019.71%
September 25, 20255137.9818.42%
September 26, 20255088.5417.28%
September 27, 20255042.0716.21%
September 28, 20254885.1112.59%
September 29, 20254721.718.82%
September 30, 20254544.144.73%
October 01, 20254498.743.69%
October 02, 20254543.514.72%
October 03, 20254523.754.26%
October 04, 20254505.623.84%
October 05, 20254526.234.32%
October 06, 20254567.645.27%
October 07, 20254630.426.72%
October 08, 20254722.808.85%
October 09, 20254815.8810.99%

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 Outlook From 2025 to 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,282.85 $5,184.26 $4,233.56 7.8%
February $3,192.26 $5,174.33 $4,183.30 6.5%
March $3,101.68 $5,164.39 $4,133.04 5.2%
April $3,011.09 $5,154.46 $4,082.78 3.9%
May $2,920.51 $5,144.52 $4,032.52 2.6%
June $2,829.93 $5,134.59 $3,982.26 1.4%
July $2,739.34 $5,124.65 $3,932 0.076%
August $2,648.76 $5,114.71 $3,881.74 -1.2%
September $2,558.17 $5,104.78 $3,831.48 -2.5%
October $2,467.59 $5,094.84 $3,781.22 -3.8%
November $2,377 $5,084.91 $3,730.96 -5%
December $2,286.42 $5,074.97 $3,680.70 -6.3%
All Time $2,784.63 $5,129.62 $3,957.13 0.72%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,844.55 $5,422.39 $4,283.39 9%
February $3,402.68 $5,769.81 $4,886.08 24.4%
March $3,960.82 $6,117.23 $5,488.78 39.7%
April $4,518.95 $6,464.65 $6,091.47 55%
May $5,077.08 $6,812.07 $6,694.16 70.4%
June $5,635.21 $7,159.49 $7,296.85 85.7%
July $6,193.34 $7,506.90 $7,899.54 101.1%
August $6,751.47 $7,854.32 $8,502.23 116.4%
September $7,309.61 $8,201.74 $9,104.93 131.7%
October $7,867.74 $8,549.16 $9,707.62 147.1%
November $8,425.87 $8,896.58 $10,310.31 162.4%
December $8,984 $9,244 $10,913 177.8%
All Time $5,914.28 $7,333.19 $7,598.20 93.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $9,327.08 $9,603.92 $11,310.67 187.9%
February $9,670.17 $9,963.83 $11,708.33 198%
March $10,013.25 $10,323.75 $12,106 208.1%
April $10,356.33 $10,683.67 $12,503.67 218.2%
May $10,699.42 $11,043.58 $12,901.33 228.4%
June $11,042.50 $11,403.50 $13,299 238.5%
July $11,385.58 $11,763.42 $13,696.67 248.6%
August $11,728.67 $12,123.33 $14,094.33 258.7%
September $12,071.75 $12,483.25 $14,492 268.8%
October $12,414.83 $12,843.17 $14,889.67 279%
November $12,757.92 $13,203.08 $15,287.33 289.1%
December $13,101 $13,563 $15,685 299.2%
All Time $11,214.04 $11,583.46 $13,497.83 243.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $13,622.33 $14,091 $16,262.92 313.9%
February $14,143.67 $14,619 $16,840.83 328.6%
March $14,665 $15,147 $17,418.75 343.3%
April $15,186.33 $15,675 $17,996.67 358%
May $15,707.67 $16,203 $18,574.58 372.8%
June $16,229 $16,731 $19,152.50 387.5%
July $16,750.33 $17,259 $19,730.42 402.2%
August $17,271.67 $17,787 $20,308.33 416.9%
September $17,793 $18,315 $20,886.25 431.6%
October $18,314.33 $18,843 $21,464.17 446.3%
November $18,835.67 $19,371 $22,042.08 461%
December $19,357 $19,899 $22,620 475.7%
All Time $16,489.67 $16,995 $19,441.46 394.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $20,017.83 $20,581 $23,495.58 498%
February $20,678.67 $21,263 $24,371.17 520.3%
March $21,339.50 $21,945 $25,246.75 542.6%
April $22,000.33 $22,627 $26,122.33 564.9%
May $22,661.17 $23,309 $26,997.92 587.1%
June $23,322 $23,991 $27,873.50 609.4%
July $23,982.83 $24,673 $28,749.08 631.7%
August $24,643.67 $25,355 $29,624.67 654%
September $25,304.50 $26,037 $30,500.25 676.3%
October $25,965.33 $26,719 $31,375.83 698.6%
November $26,626.17 $27,401 $32,251.42 720.9%
December $27,287 $28,083 $33,127 743.1%
All Time $23,652.42 $24,332 $28,311.29 620.6%

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 Outlook From 2030 to 2050

2030
2031
2032
2033
2040
2050
Month Minimum Price Average Price Maximum Price Potential ROI
January $28,254.50 $29,077.75 $34,329.08 773.7%
February $29,222 $30,072.50 $35,531.17 804.3%
March $30,189.50 $31,067.25 $36,733.25 834.9%
April $31,157 $32,062 $37,935.33 865.5%
May $32,124.50 $33,056.75 $39,137.42 896.1%
June $33,092 $34,051.50 $40,339.50 926.7%
July $34,059.50 $35,046.25 $41,541.58 957.3%
August $35,027 $36,041 $42,743.67 987.9%
September $35,994.50 $37,035.75 $43,945.75 1018.5%
October $36,962 $38,030.50 $45,147.83 1049.1%
November $37,929.50 $39,025.25 $46,349.92 1079.7%
December $38,897 $40,020 $47,552 1110.3%
All Time $33,575.75 $34,548.88 $40,940.54 942%
Month Minimum Price Average Price Maximum Price Potential ROI
January $40,462.67 $41,625.50 $49,284.67 1154.4%
February $42,028.33 $43,231 $51,017.33 1198.5%
March $43,594 $44,836.50 $52,750 1242.6%
April $45,159.67 $46,442 $54,482.67 1286.7%
May $46,725.33 $48,047.50 $56,215.33 1330.8%
June $48,291 $49,653 $57,948 1374.9%
July $49,856.67 $51,258.50 $59,680.67 1419%
August $51,422.33 $52,864 $61,413.33 1463.1%
September $52,988 $54,469.50 $63,146 1507.2%
October $54,553.67 $56,075 $64,878.67 1551.3%
November $56,119.33 $57,680.50 $66,611.33 1595.4%
December $57,685 $59,286 $68,344 1639.5%
All Time $49,073.83 $50,455.75 $58,814.33 1396.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $59,950.33 $61,664.92 $71,056.58 1708.5%
February $62,215.67 $64,043.83 $73,769.17 1777.6%
March $64,481 $66,422.75 $76,481.75 1846.6%
April $66,746.33 $68,801.67 $79,194.33 1915.6%
May $69,011.67 $71,180.58 $81,906.92 1984.7%
June $71,277 $73,559.50 $84,619.50 2053.7%
July $73,542.33 $75,938.42 $87,332.08 2122.8%
August $75,807.67 $78,317.33 $90,044.67 2191.8%
September $78,073 $80,696.25 $92,757.25 2260.8%
October $80,338.33 $83,075.17 $95,469.83 2329.9%
November $82,603.67 $85,454.08 $98,182.42 2398.9%
December $84,869 $87,833 $100,895 2468%
All Time $72,409.67 $74,748.96 $85,975.79 2088.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $87,834.33 $90,844.17 $104,879.33 2569.4%
February $90,799.67 $93,855.33 $108,863.67 2670.8%
March $93,765 $96,866.50 $112,848 2772.2%
April $96,730.33 $99,877.67 $116,832.33 2873.6%
May $99,695.67 $102,888.83 $120,816.67 2975%
June $102,661 $105,900 $124,801 3076.4%
July $105,626.33 $108,911.17 $128,785.33 3177.8%
August $108,591.67 $111,922.33 $132,769.67 3279.2%
September $111,557 $114,933.50 $136,754 3380.6%
October $114,522.33 $117,944.67 $140,738.33 3482%
November $117,487.67 $120,955.83 $144,722.67 3583.4%
December $120,453 $123,967 $148,707 3684.9%
All Time $104,143.67 $107,405.58 $126,793.17 3127.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $125,601.17 $129,958.67 $153,876.75 3816.4%
February $130,749.33 $135,950.33 $159,046.50 3948%
March $135,897.50 $141,942 $164,216.25 4079.6%
April $141,045.67 $147,933.67 $169,386 4211.2%
May $146,193.83 $153,925.33 $174,555.75 4342.8%
June $151,342 $159,917 $179,725.50 4474.3%
July $156,490.17 $165,908.67 $184,895.25 4605.9%
August $161,638.33 $171,900.33 $190,065 4737.5%
September $166,786.50 $177,892 $195,234.75 4869.1%
October $171,934.67 $183,883.67 $200,404.50 5000.6%
November $177,082.83 $189,875.33 $205,574.25 5132.2%
December $182,231 $195,867 $210,744 5263.8%
All Time $153,916.08 $162,912.83 $182,310.38 4540.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $185,123.58 $199,172.83 $213,843.17 5342.7%
February $188,016.17 $202,478.67 $216,942.33 5421.6%
March $190,908.75 $205,784.50 $220,041.50 5500.4%
April $193,801.33 $209,090.33 $223,140.67 5579.3%
May $196,693.92 $212,396.17 $226,239.83 5658.2%
June $199,586.50 $215,702 $229,339 5737.1%
July $202,479.08 $219,007.83 $232,438.17 5816%
August $205,371.67 $222,313.67 $235,537.33 5894.8%
September $208,264.25 $225,619.50 $238,636.50 5973.7%
October $211,156.83 $228,925.33 $241,735.67 6052.6%
November $214,049.42 $232,231.17 $244,834.83 6131.5%
December $216,942 $235,537 $247,934 6210.4%
All Time $201,032.79 $217,354.92 $230,888.58 5776.5%

Between 2023 and 2050, Ethereum’s 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 Analysis: ETH at Make-or-Break Point

Ethereum price today trades at $3,321.8 just below the $3,300 to $3,500 resistance zone. After the failed initial attempt ten days ago, ETH is trying to overcome this critical hurdle.

Investors can expect one of two outcomes – a flip of the hurdle leading to a rally to $4,000 or a rejection leading to a correction that retests $3,000. What will happen with ETH at this make-or-break point?

The Relative Strength Index (RSI) is at retracing after visiting the overbought zone ten days ago. Typically, this outlook often leads to a retest of the 50 mean level, ideally serving as a strong reversal level. If ETH needs to break out above the aforementioned resistance levels, then a retest of the RSI’s 50 mean level is needed.

Considering that Bitcoin could hit $100k and catalyze a short-term correction over the next three days, ETH could likely face rejection at the $3,300 to $3,500 resistance levels. Considering Ethereum’s lackluster 2024 performance, it wouldn’t be surprising if it corrects 8% and revisits $3,000 before $4,000.

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

On the other hand, if Bitcoin fails to correct and continues to rally beyond $100k, then Ethereum price could follow its path. Such a development could see ETH flip $3,500 into a support floor, indicating that the next rally will allow it to revisit $4,000.

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.
Methodology

CoinGape prepared a review methodology to rate crypto exchanges, tools, and apps. We curated a list of metrics to evaluate crypto platforms based on their services, user experience, security and customer support, payment gateways and charges, pricing and promotions. Visit our Review Methodology page to learn more about how we review each crypto platform.

This content is purely for educational purposes and should not be considered as financial advice. Do your own research before investing in any crypto platform and only invest the amount you can afford to lose.