Ethereum Price Today: Will This Sell Signal Trigger ETH Crash?

Explore if this sell signal will catalyze a crash in Ethereum price today or a bounce that pushes ETH to $4,000.
By Akash Girimath
November 27, 2024 | Updated November 27, 2024
Top Reasons Why Ethereum Price is Down Today?

Highlights

  • Ethereum price today hovers around $3,500, a critical hurdle.
  • Rejection at $3,500 could lead to a 17% correction to below $3,000 support level.
  • A breakout above $3,500 could push ETH to revisit $4,000.

Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at $3,671.7 as of 11 PM. Surprisingly, ETH performance during the recent crash is much better than most altcoins, but this sell signal could cause issues and potentially trigger a crash for ETH. Regardless, Ether prices today hit a daily high of $3,672.6 after 10.45% move on September 17.

Advertisement
Advertisement

Will Ethereum Price Today Crash Again?

While many altcoins gave away gains to the market due to Bitcoin’s extended crash, Ethereum price remains steadfast, indicating strength. Depending on how BTC fares during Wednesday’s New York trading session, the value of ETH could drop lower or climb higher. As mentioned above, a sell signal flashes on the daily chart and could threaten the strength. Read more to find out.

Advertisement
Advertisement

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.

Advertisement
Advertisement

Ethereum Price Outlook

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 17, 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 $442.0 billion.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $442.0 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 $48.4 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $48.4 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 Upgrades to 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 Ethereum Blockchain Upgrades in 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”): 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.

How ETH Gas Affects 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 17, 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.

Advertisement

Ethereum Price Forecast For Next 7 Days

Date Price Change
September 17, 20254473.44-0.6%
September 18, 20254522.270.48%
September 19, 20254611.932.47%
September 20, 20254795.286.55%
September 21, 20254922.339.37%
September 22, 20255012.9211.38%
September 23, 20254897.568.82%
September 24, 20254799.306.64%
September 25, 20254838.307.5%
September 26, 20254956.5610.13%
September 27, 20255148.7514.4%
September 28, 20255245.9016.56%
September 29, 20255318.4118.17%
September 30, 20255363.3919.17%
October 01, 20255364.4419.19%
October 02, 20255306.7617.91%
October 03, 20255256.4016.79%
October 04, 20255204.7415.65%
October 05, 20255043.1812.06%
October 06, 20254874.658.31%
October 07, 20254692.484.26%
October 08, 20254656.723.47%
October 09, 20254702.664.49%
October 10, 20254678.583.95%
October 11, 20254662.713.6%
October 12, 20254683.854.07%
October 13, 20254728.905.07%
October 14, 20254793.316.5%
October 15, 20254890.508.66%
October 16, 20254980.7210.67%

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.

How High Can Ethereum Price Go Between 2025 & 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,469.06 $5,358.76 $4,413.91 12.3%
February $3,355.66 $5,353.08 $4,354.38 10.8%
March $3,242.27 $5,347.40 $4,294.84 9.3%
April $3,128.88 $5,341.72 $4,235.30 7.8%
May $3,015.48 $5,336.04 $4,175.77 6.3%
June $2,902.09 $5,330.36 $4,116.23 4.8%
July $2,788.70 $5,324.68 $4,056.69 3.3%
August $2,675.30 $5,319 $3,997.16 1.7%
September $2,561.91 $5,313.32 $3,937.62 0.22%
October $2,448.52 $5,307.64 $3,878.08 -1.3%
November $2,335.12 $5,301.96 $3,818.55 -2.8%
December $2,221.73 $5,296.28 $3,759.01 -4.3%
All Time $2,845.39 $5,327.52 $4,086.46 4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,807.84 $5,647.92 $4,368.84 11.2%
February $3,393.94 $5,999.57 $4,978.68 26.7%
March $3,980.05 $6,351.21 $5,588.51 42.2%
April $4,566.15 $6,702.85 $6,198.34 57.8%
May $5,152.26 $7,054.50 $6,808.17 73.3%
June $5,738.37 $7,406.14 $7,418.01 88.8%
July $6,324.47 $7,757.78 $8,027.84 104.3%
August $6,910.58 $8,109.43 $8,637.67 119.8%
September $7,496.68 $8,461.07 $9,247.50 135.4%
October $8,082.79 $8,812.71 $9,857.34 150.9%
November $8,668.89 $9,164.36 $10,467.17 166.4%
December $9,255 $9,516 $11,077 181.9%
All Time $6,031.42 $7,581.96 $7,722.92 96.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $9,582.08 $9,853.08 $11,455 191.6%
February $9,909.17 $10,190.17 $11,833 201.2%
March $10,236.25 $10,527.25 $12,211 210.8%
April $10,563.33 $10,864.33 $12,589 220.4%
May $10,890.42 $11,201.42 $12,967 230%
June $11,217.50 $11,538.50 $13,345 239.7%
July $11,544.58 $11,875.58 $13,723 249.3%
August $11,871.67 $12,212.67 $14,101 258.9%
September $12,198.75 $12,549.75 $14,479 268.5%
October $12,525.83 $12,886.83 $14,857 278.1%
November $12,852.92 $13,223.92 $15,235 287.8%
December $13,180 $13,561 $15,613 297.4%
All Time $11,381.04 $11,707.04 $13,534 244.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $13,710.67 $14,105.08 $16,207.67 312.5%
February $14,241.33 $14,649.17 $16,802.33 327.6%
March $14,772 $15,193.25 $17,397 342.8%
April $15,302.67 $15,737.33 $17,991.67 357.9%
May $15,833.33 $16,281.42 $18,586.33 373.1%
June $16,364 $16,825.50 $19,181 388.2%
July $16,894.67 $17,369.58 $19,775.67 403.3%
August $17,425.33 $17,913.67 $20,370.33 418.5%
September $17,956 $18,457.75 $20,965 433.6%
October $18,486.67 $19,001.83 $21,559.67 448.7%
November $19,017.33 $19,545.92 $22,154.33 463.9%
December $19,548 $20,090 $22,749 479%
All Time $16,629.33 $17,097.54 $19,478.33 395.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $20,261.33 $20,825.08 $23,620.08 501.2%
February $20,974.67 $21,560.17 $24,491.17 523.3%
March $21,688 $22,295.25 $25,362.25 545.5%
April $22,401.33 $23,030.33 $26,233.33 567.7%
May $23,114.67 $23,765.42 $27,104.42 589.9%
June $23,828 $24,500.50 $27,975.50 612%
July $24,541.33 $25,235.58 $28,846.58 634.2%
August $25,254.67 $25,970.67 $29,717.67 656.4%
September $25,968 $26,705.75 $30,588.75 678.5%
October $26,681.33 $27,440.83 $31,459.83 700.7%
November $27,394.67 $28,175.92 $32,330.92 722.9%
December $28,108 $28,911 $33,202 745%
All Time $24,184.67 $24,868.04 $28,411.04 623.1%

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 Forecast Between 2030 & 2050

2030
2031
2032
2033
2040
2050
Month Minimum Price Average Price Maximum Price Potential ROI
January $29,284.25 $30,140.83 $34,536.83 779%
February $30,460.50 $31,370.67 $35,871.67 813%
March $31,636.75 $32,600.50 $37,206.50 847%
April $32,813 $33,830.33 $38,541.33 880.9%
May $33,989.25 $35,060.17 $39,876.17 914.9%
June $35,165.50 $36,290 $41,211 948.9%
July $36,341.75 $37,519.83 $42,545.83 982.9%
August $37,518 $38,749.67 $43,880.67 1016.8%
September $38,694.25 $39,979.50 $45,215.50 1050.8%
October $39,870.50 $41,209.33 $46,550.33 1084.8%
November $41,046.75 $42,439.17 $47,885.17 1118.8%
December $42,223 $43,669 $49,220 1152.7%
All Time $35,753.63 $36,904.92 $41,878.42 965.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $43,861.50 $45,368.92 $51,237.25 1204.1%
February $45,500 $47,068.83 $53,254.50 1255.4%
March $47,138.50 $48,768.75 $55,271.75 1306.8%
April $48,777 $50,468.67 $57,289 1358.1%
May $50,415.50 $52,168.58 $59,306.25 1409.4%
June $52,054 $53,868.50 $61,323.50 1460.8%
July $53,692.50 $55,568.42 $63,340.75 1512.1%
August $55,331 $57,268.33 $65,358 1563.5%
September $56,969.50 $58,968.25 $67,375.25 1614.8%
October $58,608 $60,668.17 $69,392.50 1666.2%
November $60,246.50 $62,368.08 $71,409.75 1717.5%
December $61,885 $64,068 $73,427 1768.8%
All Time $52,873.25 $54,718.46 $62,332.13 1486.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $64,501 $66,715.67 $76,372.58 1843.8%
February $67,117 $69,363.33 $79,318.17 1918.8%
March $69,733 $72,011 $82,263.75 1993.8%
April $72,349 $74,658.67 $85,209.33 2068.7%
May $74,965 $77,306.33 $88,154.92 2143.7%
June $77,581 $79,954 $91,100.50 2218.7%
July $80,197 $82,601.67 $94,046.08 2293.6%
August $82,813 $85,249.33 $96,991.67 2368.6%
September $85,429 $87,897 $99,937.25 2443.6%
October $88,045 $90,544.67 $102,882.83 2518.6%
November $90,661 $93,192.33 $105,828.42 2593.5%
December $93,277 $95,840 $108,774 2668.5%
All Time $78,889 $81,277.83 $92,573.29 2256.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $96,597.92 $99,346.67 $113,296.42 2783.6%
February $99,918.83 $102,853.33 $117,818.83 2898.7%
March $103,239.75 $106,360 $122,341.25 3013.8%
April $106,560.67 $109,866.67 $126,863.67 3128.9%
May $109,881.58 $113,373.33 $131,386.08 3244%
June $113,202.50 $116,880 $135,908.50 3359.1%
July $116,523.42 $120,386.67 $140,430.92 3474.2%
August $119,844.33 $123,893.33 $144,953.33 3589.3%
September $123,165.25 $127,400 $149,475.75 3704.4%
October $126,486.17 $130,906.67 $153,998.17 3819.5%
November $129,807.08 $134,413.33 $158,520.58 3934.6%
December $133,128 $137,920 $163,043 4049.7%
All Time $114,862.96 $118,633.33 $138,169.71 3416.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $138,584.33 $143,551.67 $167,270.75 4157.3%
February $144,040.67 $149,183.33 $171,498.50 4264.9%
March $149,497 $154,815 $175,726.25 4372.5%
April $154,953.33 $160,446.67 $179,954 4480.1%
May $160,409.67 $166,078.33 $184,181.75 4587.8%
June $165,866 $171,710 $188,409.50 4695.4%
July $171,322.33 $177,341.67 $192,637.25 4803%
August $176,778.67 $182,973.33 $196,865 4910.6%
September $182,235 $188,605 $201,092.75 5018.2%
October $187,691.33 $194,236.67 $205,320.50 5125.8%
November $193,147.67 $199,868.33 $209,548.25 5233.4%
December $198,604 $205,500 $213,776 5341%
All Time $168,594.17 $174,525.83 $190,523.38 4749.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $202,511.75 $210,097.33 $218,488.25 5460.9%
February $206,419.50 $214,694.67 $223,200.50 5580.8%
March $210,327.25 $219,292 $227,912.75 5700.8%
April $214,235 $223,889.33 $232,625 5820.7%
May $218,142.75 $228,486.67 $237,337.25 5940.7%
June $222,050.50 $233,084 $242,049.50 6060.6%
July $225,958.25 $237,681.33 $246,761.75 6180.5%
August $229,866 $242,278.67 $251,474 6300.5%
September $233,773.75 $246,876 $256,186.25 6420.4%
October $237,681.50 $251,473.33 $260,898.50 6540.3%
November $241,589.25 $256,070.67 $265,610.75 6660.3%
December $245,497 $260,668 $270,323 6780.2%
All Time $224,004.38 $235,382.67 $244,405.63 6120.6%

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.

ETH’s Sell Signal Hints at Ethereum Price Crash

The daily Ethereum price chart shows a clear sell signal that hints at an incoming correction. This sell signal is in the form of a bearish divergence noted between the price and the Relative Strength Index (RSI). A bearish divergence is formed when price produces higher high while RSI produces lower highs, denoting a lack of momentum backing up the up trending price. The result of this non-conformity is a correction.

Considering that Ethereum price currently faces both the declining trend line and horizontal resistance level as a blockade, a short-term correction is likely. If Bitcoin drops, ETH could follow suit and trigger a 17% crash to $2,886. This key support level is a good place for accumulation before Ether triggers its next leg up.

The following bounce from $2,886 needs to overcome the $3,500 hurdle to climb to $4,000, a key psychological level.

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

On the other hand, if Bitcoin’s price fails to drop lower and trigger a reversal, then ETH will look stronger than other altcoins. It could break above $3,500 and preemptively catalyze a run to $4,000. This move will invalidate the short-term correction thesis.

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.