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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?
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Ethereum Price Today: How High Can ETH Go?

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 December 7.

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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
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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 December 7, 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 December 7, 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
December 06, 20253118.03-0.62%
December 07, 20253152.610.48%
December 08, 20253218.702.59%
December 09, 20253348.566.72%
December 10, 20253434.979.48%
December 11, 20253499.1211.52%
December 12, 20253404.368.5%
December 13, 20253348.226.71%
December 14, 20253375.837.59%
December 15, 20253474.3310.73%
December 16, 20253610.4515.07%
December 17, 20253665.8916.84%
December 18, 20253713.0018.34%
December 19, 20253744.8619.36%
December 20, 20253729.8018.88%
December 21, 20253688.9517.57%
December 22, 20253655.0116.49%
December 23, 20253596.5114.63%
December 24, 20253482.0810.98%
December 25, 20253358.367.04%
December 26, 20253229.342.92%
December 27, 20253256.703.8%
December 28, 20253273.574.33%
December 29, 20253253.643.7%
December 30, 20253255.683.76%
December 31, 20253270.664.24%
January 01, 20263315.055.66%
January 02, 20263368.567.36%
January 03, 20263441.309.68%
January 04, 20263479.5210.9%

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

Month Minimum Price Average Price Maximum Price Potential ROI
January $3,135.12 $3,722.75 $3,428.94 10.9%
February $3,152.22 $3,700.64 $3,426.43 10.8%
March $3,169.31 $3,678.53 $3,423.92 10.7%
April $3,186.40 $3,656.41 $3,421.41 10.7%
May $3,203.49 $3,634.30 $3,418.90 10.6%
June $3,220.59 $3,612.19 $3,416.39 10.5%
July $3,237.68 $3,590.08 $3,413.88 10.4%
August $3,254.77 $3,567.97 $3,411.37 10.3%
September $3,271.86 $3,545.86 $3,408.86 10.3%
October $3,288.96 $3,523.74 $3,406.35 10.2%
November $3,306.05 $3,501.63 $3,403.84 10.1%
December $3,323.14 $3,479.52 $3,401.33 10%
All Time $3,229.13 $3,601.13 $3,415.14 10.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,624.60 $3,783.68 $3,784.20 22.4%
February $3,926.05 $4,087.84 $4,167.07 34.8%
March $4,227.51 $4,392 $4,549.95 47.2%
April $4,528.97 $4,696.16 $4,932.82 59.5%
May $4,830.42 $5,000.32 $5,315.69 71.9%
June $5,131.88 $5,304.48 $5,698.56 84.3%
July $5,433.34 $5,608.63 $6,081.43 96.7%
August $5,734.79 $5,912.79 $6,464.30 109.1%
September $6,036.25 $6,216.95 $6,847.18 121.5%
October $6,337.71 $6,521.11 $7,230.05 133.8%
November $6,639.16 $6,825.27 $7,612.92 146.2%
December $6,940.62 $7,129.43 $7,995.79 158.6%
All Time $5,282.61 $5,456.55 $5,890 90.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $7,221.19 $7,423.98 $8,335.21 169.6%
February $7,501.77 $7,718.52 $8,674.62 180.6%
March $7,782.34 $8,013.07 $9,014.04 191.5%
April $8,062.91 $8,307.61 $9,353.45 202.5%
May $8,343.49 $8,602.16 $9,692.87 213.5%
June $8,624.06 $8,896.70 $10,032.28 224.5%
July $8,904.63 $9,191.25 $10,371.70 235.5%
August $9,185.21 $9,485.79 $10,711.11 246.4%
September $9,465.78 $9,780.34 $11,050.53 257.4%
October $9,746.35 $10,074.88 $11,389.94 268.4%
November $10,026.93 $10,369.43 $11,729.36 279.4%
December $10,307.50 $10,663.97 $12,068.77 290.3%
All Time $8,764.35 $9,043.97 $10,201.99 230%
Month Minimum Price Average Price Maximum Price Potential ROI
January $10,707.78 $11,078.98 $12,582.85 307%
February $11,108.07 $11,493.99 $13,096.93 323.6%
March $11,508.35 $11,909 $13,611.01 340.2%
April $11,908.63 $12,324.01 $14,125.08 356.8%
May $12,308.91 $12,739.02 $14,639.16 373.5%
June $12,709.20 $13,154.03 $15,153.24 390.1%
July $13,109.48 $13,569.03 $15,667.32 406.7%
August $13,509.76 $13,984.04 $16,181.40 423.4%
September $13,910.04 $14,399.05 $16,695.48 440%
October $14,310.33 $14,814.06 $17,209.55 456.6%
November $14,710.61 $15,229.07 $17,723.63 473.2%
December $15,110.89 $15,644.08 $18,237.71 489.9%
All Time $12,909.34 $13,361.53 $15,410.28 398.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $15,608.25 $16,162.19 $18,894.25 511.1%
February $16,105.61 $16,680.30 $19,550.79 532.3%
March $16,602.97 $17,198.41 $20,207.33 553.6%
April $17,100.32 $17,716.52 $20,863.87 574.8%
May $17,597.68 $18,234.63 $21,520.41 596%
June $18,095.04 $18,752.74 $22,176.95 617.3%
July $18,592.40 $19,270.85 $22,833.48 638.5%
August $19,089.76 $19,788.96 $23,490.02 659.7%
September $19,587.12 $20,307.07 $24,146.56 681%
October $20,084.47 $20,825.18 $24,803.10 702.2%
November $20,581.83 $21,343.29 $25,459.64 723.4%
December $21,079.19 $21,861.40 $26,116.18 744.7%
All Time $18,343.72 $19,011.80 $22,505.21 627.9%

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

Month Minimum Price Average Price Maximum Price Potential ROI
January $21,922.28 $22,712.18 $27,046.33 774.8%
February $22,765.37 $23,562.96 $27,976.47 804.8%
March $23,608.47 $24,413.74 $28,906.62 834.9%
April $24,451.56 $25,264.51 $29,836.76 865%
May $25,294.65 $26,115.29 $30,766.91 895.1%
June $26,137.74 $26,966.07 $31,697.06 925.2%
July $26,980.83 $27,816.85 $32,627.20 955.3%
August $27,823.92 $28,667.63 $33,557.35 985.3%
September $28,667.02 $29,518.41 $34,487.49 1015.4%
October $29,510.11 $30,369.18 $35,417.64 1045.5%
November $30,353.20 $31,219.96 $36,347.78 1075.6%
December $31,196.29 $32,070.74 $37,277.93 1105.7%
All Time $26,559.29 $27,391.46 $32,162.13 940.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $32,346.66 $33,281.87 $38,667.72 1150.6%
February $33,497.03 $34,493 $40,057.51 1195.6%
March $34,647.41 $35,704.13 $41,447.29 1240.5%
April $35,797.78 $36,915.26 $42,837.08 1285.5%
May $36,948.15 $38,126.39 $44,226.87 1330.4%
June $38,098.52 $39,337.52 $45,616.66 1375.4%
July $39,248.89 $40,548.64 $47,006.44 1420.3%
August $40,399.26 $41,759.77 $48,396.23 1465.3%
September $41,549.64 $42,970.90 $49,786.02 1510.2%
October $42,700.01 $44,182.03 $51,175.81 1555.2%
November $43,850.38 $45,393.16 $52,565.59 1600.1%
December $45,000.75 $46,604.29 $53,955.38 1645.1%
All Time $38,673.71 $39,943.08 $46,311.55 1397.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $47,134.48 $48,759.74 $56,096.82 1714.3%
February $49,268.22 $50,915.19 $58,238.27 1783.6%
March $51,401.95 $53,070.65 $60,379.71 1852.9%
April $53,535.68 $55,226.10 $62,521.16 1922.1%
May $55,669.41 $57,381.55 $64,662.60 1991.4%
June $57,803.15 $59,537 $66,804.05 2060.6%
July $59,936.88 $61,692.45 $68,945.49 2129.9%
August $62,070.61 $63,847.90 $71,086.93 2199.2%
September $64,204.34 $66,003.36 $73,228.38 2268.4%
October $66,338.08 $68,158.81 $75,369.82 2337.7%
November $68,471.81 $70,314.26 $77,511.27 2406.9%
December $70,605.54 $72,469.71 $79,652.71 2476.2%
All Time $58,870.01 $60,614.73 $67,874.77 2095.3%
Month Minimum Price Average Price Maximum Price Potential ROI
January $73,085.70 $75,036.09 $83,203.32 2591%
February $75,565.86 $77,602.47 $86,753.93 2705.9%
March $78,046.02 $80,168.85 $90,304.54 2820.7%
April $80,526.18 $82,735.22 $93,855.15 2935.6%
May $83,006.34 $85,301.60 $97,405.76 3050.4%
June $85,486.50 $87,867.98 $100,956.37 3165.2%
July $87,966.66 $90,434.36 $104,506.97 3280.1%
August $90,446.82 $93,000.74 $108,057.58 3394.9%
September $92,926.98 $95,567.12 $111,608.19 3509.7%
October $95,407.14 $98,133.49 $115,158.80 3624.6%
November $97,887.30 $100,699.87 $118,709.41 3739.4%
December $100,367.46 $103,266.25 $122,260.02 3854.3%
All Time $86,726.58 $89,151.17 $102,731.67 3222.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $104,653.62 $108,343.51 $126,442.90 3989.5%
February $108,939.78 $113,420.76 $130,625.79 4124.8%
March $113,225.94 $118,498.02 $134,808.67 4260.1%
April $117,512.10 $123,575.28 $138,991.56 4395.4%
May $121,798.26 $128,652.53 $143,174.44 4530.7%
June $126,084.42 $133,729.79 $147,357.33 4666%
July $130,370.58 $138,807.05 $151,540.21 4801.3%
August $134,656.74 $143,884.30 $155,723.09 4936.6%
September $138,942.90 $148,961.56 $159,905.98 5071.8%
October $143,229.06 $154,038.82 $164,088.86 5207.1%
November $147,515.22 $159,116.07 $168,271.75 5342.4%
December $151,801.38 $164,193.33 $172,454.63 5477.7%
All Time $128,227.50 $136,268.42 $149,448.77 4733.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $155,243.59 $167,807.65 $176,327.11 5602.9%
February $158,685.80 $171,421.97 $180,199.60 5728.2%
March $162,128.01 $175,036.29 $184,072.08 5853.4%
April $165,570.21 $178,650.60 $187,944.57 5978.7%
May $169,012.42 $182,264.92 $191,817.05 6103.9%
June $172,454.63 $185,879.24 $195,689.54 6229.2%
July $175,896.84 $189,493.56 $199,562.02 6354.4%
August $179,339.05 $193,107.88 $203,434.50 6479.7%
September $182,781.26 $196,722.20 $207,306.99 6604.9%
October $186,223.46 $200,336.51 $211,179.47 6730.2%
November $189,665.67 $203,950.83 $215,051.96 6855.4%
December $193,107.88 $207,565.15 $218,924.44 6980.7%
All Time $174,175.73 $187,686.40 $197,625.78 6291.8%

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.

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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.

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