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 October 22.

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.

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.

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 October 22, 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 October 22, 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 Next 7 Days

Date Price Change
October 22, 20253857.16-0.72%
October 23, 20253900.680.4%
October 24, 20253981.552.48%
October 25, 20254145.016.69%
October 26, 20254256.979.57%
October 27, 20254337.7311.65%
October 28, 20254230.138.88%
October 29, 20254147.436.75%
October 30, 20254182.207.64%
October 31, 20254292.9910.5%
November 01, 20254464.3214.91%
November 02, 20254546.0617.01%
November 03, 20254609.1618.63%
November 04, 20254649.2519.67%
November 05, 20254644.4419.54%
November 06, 20254593.0218.22%
November 07, 20254548.7517.08%
November 08, 20254494.7315.69%
November 09, 20254350.7111.98%
November 10, 20254198.888.07%
November 11, 20254036.483.89%
November 12, 20254023.773.57%
November 13, 20254061.594.54%
November 14, 20254036.513.89%
November 15, 20254027.193.65%
November 16, 20254046.054.14%
November 17, 20254090.745.29%
November 18, 20254148.176.77%
November 19, 20254239.109.11%
November 20, 20254310.1810.94%

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 $4,015.06 $4,627.85 $4,321.45 11.7%
February $3,835.11 $4,606.44 $4,220.78 9.1%
March $3,655.16 $4,585.04 $4,120.10 6.5%
April $3,475.21 $4,563.63 $4,019.42 3.9%
May $3,295.26 $4,542.23 $3,918.74 1.3%
June $3,115.31 $4,520.83 $3,818.07 -1.3%
July $2,935.35 $4,499.42 $3,717.39 -3.9%
August $2,755.40 $4,478.02 $3,616.71 -6.5%
September $2,575.45 $4,456.61 $3,516.03 -9.1%
October $2,395.50 $4,435.21 $3,415.36 -11.7%
November $2,215.55 $4,413.80 $3,314.68 -14.3%
December $2,035.60 $4,392.40 $3,214 -16.9%
All Time $3,025.33 $4,510.12 $3,767.73 -2.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,620.80 $4,803.62 $3,922 1.4%
February $3,206 $5,214.83 $4,630 19.7%
March $3,791.20 $5,626.05 $5,338 38%
April $4,376.40 $6,037.27 $6,046 56.3%
May $4,961.60 $6,448.48 $6,754 74.6%
June $5,546.80 $6,859.70 $7,462 92.9%
July $6,132 $7,270.92 $8,170 111.2%
August $6,717.20 $7,682.13 $8,878 129.5%
September $7,302.40 $8,093.35 $9,586 147.8%
October $7,887.60 $8,504.57 $10,294 166.1%
November $8,472.80 $8,915.78 $11,002 184.4%
December $9,058 $9,327 $11,710 202.7%
All Time $5,839.40 $7,065.31 $7,816 102%
Month Minimum Price Average Price Maximum Price Potential ROI
January $9,393.58 $9,679.08 $12,045.17 211.3%
February $9,729.17 $10,031.17 $12,380.33 220%
March $10,064.75 $10,383.25 $12,715.50 228.7%
April $10,400.33 $10,735.33 $13,050.67 237.3%
May $10,735.92 $11,087.42 $13,385.83 246%
June $11,071.50 $11,439.50 $13,721 254.6%
July $11,407.08 $11,791.58 $14,056.17 263.3%
August $11,742.67 $12,143.67 $14,391.33 272%
September $12,078.25 $12,495.75 $14,726.50 280.6%
October $12,413.83 $12,847.83 $15,061.67 289.3%
November $12,749.42 $13,199.92 $15,396.83 298%
December $13,085 $13,552 $15,732 306.6%
All Time $11,239.29 $11,615.54 $13,888.58 259%
Month Minimum Price Average Price Maximum Price Potential ROI
January $13,563.08 $14,047.67 $16,309.92 321.6%
February $14,041.17 $14,543.33 $16,887.83 336.5%
March $14,519.25 $15,039 $17,465.75 351.4%
April $14,997.33 $15,534.67 $18,043.67 366.4%
May $15,475.42 $16,030.33 $18,621.58 381.3%
June $15,953.50 $16,526 $19,199.50 396.2%
July $16,431.58 $17,021.67 $19,777.42 411.2%
August $16,909.67 $17,517.33 $20,355.33 426.1%
September $17,387.75 $18,013 $20,933.25 441.1%
October $17,865.83 $18,508.67 $21,511.17 456%
November $18,343.92 $19,004.33 $22,089.08 470.9%
December $18,822 $19,500 $22,667 485.9%
All Time $16,192.54 $16,773.83 $19,488.46 403.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $19,526.50 $20,213 $23,522.92 508%
February $20,231 $20,926 $24,378.83 530.1%
March $20,935.50 $21,639 $25,234.75 552.2%
April $21,640 $22,352 $26,090.67 574.4%
May $22,344.50 $23,065 $26,946.58 596.5%
June $23,049 $23,778 $27,802.50 618.6%
July $23,753.50 $24,491 $28,658.42 640.7%
August $24,458 $25,204 $29,514.33 662.8%
September $25,162.50 $25,917 $30,370.25 685%
October $25,867 $26,630 $31,226.17 707.1%
November $26,571.50 $27,343 $32,082.08 729.2%
December $27,276 $28,056 $32,938 751.3%
All Time $23,401.25 $24,134.50 $28,230.46 629.7%

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 $28,417.17 $29,249.08 $34,130.33 782.1%
February $29,558.33 $30,442.17 $35,322.67 813%
March $30,699.50 $31,635.25 $36,515 843.8%
April $31,840.67 $32,828.33 $37,707.33 874.6%
May $32,981.83 $34,021.42 $38,899.67 905.4%
June $34,123 $35,214.50 $40,092 936.2%
July $35,264.17 $36,407.58 $41,284.33 967.1%
August $36,405.33 $37,600.67 $42,476.67 997.9%
September $37,546.50 $38,793.75 $43,669 1028.7%
October $38,687.67 $39,986.83 $44,861.33 1059.5%
November $39,828.83 $41,179.92 $46,053.67 1090.3%
December $40,970 $42,373 $47,246 1121.1%
All Time $34,693.58 $35,811.04 $40,688.17 951.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $42,748 $44,175.33 $49,253.67 1173%
February $44,526 $45,977.67 $51,261.33 1224.9%
March $46,304 $47,780 $53,269 1276.8%
April $48,082 $49,582.33 $55,276.67 1328.7%
May $49,860 $51,384.67 $57,284.33 1380.6%
June $51,638 $53,187 $59,292 1432.5%
July $53,416 $54,989.33 $61,299.67 1484.4%
August $55,194 $56,791.67 $63,307.33 1536.3%
September $56,972 $58,594 $65,315 1588.2%
October $58,750 $60,396.33 $67,322.67 1640.1%
November $60,528 $62,198.67 $69,330.33 1691.9%
December $62,306 $64,001 $71,338 1743.8%
All Time $52,527 $54,088.17 $60,295.83 1458.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $64,523 $66,343.42 $74,533 1826.4%
February $66,740 $68,685.83 $77,728 1909%
March $68,957 $71,028.25 $80,923 1991.6%
April $71,174 $73,370.67 $84,118 2074.2%
May $73,391 $75,713.08 $87,313 2156.7%
June $75,608 $78,055.50 $90,508 2239.3%
July $77,825 $80,397.92 $93,703 2321.9%
August $80,042 $82,740.33 $96,898 2404.5%
September $82,259 $85,082.75 $100,093 2487.1%
October $84,476 $87,425.17 $103,288 2569.6%
November $86,693 $89,767.58 $106,483 2652.2%
December $88,910 $92,110 $109,678 2734.8%
All Time $76,716.50 $79,226.71 $92,105.50 2280.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $92,565.75 $95,806.17 $113,497.58 2833.5%
February $96,221.50 $99,502.33 $117,317.17 2932.2%
March $99,877.25 $103,198.50 $121,136.75 3031%
April $103,533 $106,894.67 $124,956.33 3129.7%
May $107,188.75 $110,590.83 $128,775.92 3228.4%
June $110,844.50 $114,287 $132,595.50 3327.1%
July $114,500.25 $117,983.17 $136,415.08 3425.8%
August $118,156 $121,679.33 $140,234.67 3524.6%
September $121,811.75 $125,375.50 $144,054.25 3623.3%
October $125,467.50 $129,071.67 $147,873.83 3722%
November $129,123.25 $132,767.83 $151,693.42 3820.7%
December $132,779 $136,464 $155,513 3919.5%
All Time $112,672.38 $116,135.08 $134,505.29 3376.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $138,430.92 $142,604.83 $161,658.50 4078.3%
February $144,082.83 $148,745.67 $167,804 4237.1%
March $149,734.75 $154,886.50 $173,949.50 4396%
April $155,386.67 $161,027.33 $180,095 4554.8%
May $161,038.58 $167,168.17 $186,240.50 4713.7%
June $166,690.50 $173,309 $192,386 4872.5%
July $172,342.42 $179,449.83 $198,531.50 5031.3%
August $177,994.33 $185,590.67 $204,677 5190.2%
September $183,646.25 $191,731.50 $210,822.50 5349%
October $189,298.17 $197,872.33 $216,968 5507.9%
November $194,950.08 $204,013.17 $223,113.50 5666.7%
December $200,602 $210,154 $229,259 5825.5%
All Time $169,516.46 $176,379.42 $195,458.75 4951.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $204,695.92 $214,134.25 $233,011.75 5922.5%
February $208,789.83 $218,114.50 $236,764.50 6019.5%
March $212,883.75 $222,094.75 $240,517.25 6116.5%
April $216,977.67 $226,075 $244,270 6213.5%
May $221,071.58 $230,055.25 $248,022.75 6310.5%
June $225,165.50 $234,035.50 $251,775.50 6407.5%
July $229,259.42 $238,015.75 $255,528.25 6504.5%
August $233,353.33 $241,996 $259,281 6601.5%
September $237,447.25 $245,976.25 $263,033.75 6698.5%
October $241,541.17 $249,956.50 $266,786.50 6795.5%
November $245,635.08 $253,936.75 $270,539.25 6892.5%
December $249,729 $257,917 $274,292 6989.5%
All Time $227,212.46 $236,025.63 $253,651.88 6456%

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.
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