Ethereum Price Today: ETH Targets $4,000 as BTC Consolidates

Explore if Ethereum price will hit $4,000 while Bitcoin consolidates above $90,000, failing to hit $100,000. Will ETH bulls succeed?
By Akash Girimath
November 28, 2024 | Updated November 28, 2024
Analyst Outlines Buying Opportunity Before Ethereum (ETH) Price Skyrockets to $3,000

Highlights

  • Ethereum price today is showing signs of continuing its uptrend.
  • A successful spike in bullish momentum could send ETH to $4,000.
  • A breakdown of $3,350 support level could trigger a 14% crash to $2,886.

Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at $3,592.0 as of 11 PM. Surprisingly, ETH performance during the recent crash is much better than most altcoins. Regardless, Ethereum prices today hit a daily high of $3,682.3 after -2.21% move on November 4.

Ethereum Price Today: Why is ETH Up?

Ethereum price performance relative to its peers shows strength. While altcoins gave gains back to the market due to Bitcoin’s sudden downtrend, Ethereum price climbs higher. This strength shows a paradigm shift that hints at an end of Ether’s lackluster performance. If BTC consolidates or climbs higher, the ETH price could extend its gains. But a drop in BTC toward $90k could delay this uptrend.   could drop lower or climb higher.

Ethereum Price Chart Today

eth price 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 November 4, 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 $432.9 billion.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $432.9 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 $34.8 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $34.8 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 November 4, 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
November 03, 20253866.75-0.13%
November 04, 20253910.571.01%
November 05, 20253991.973.11%
November 06, 20254156.537.36%
November 07, 20254269.2410.27%
November 08, 20254350.5412.37%
November 09, 20254242.229.57%
November 10, 20254158.977.42%
November 11, 20254193.968.33%
November 12, 20254305.5011.21%
November 13, 20254477.9715.66%
November 14, 20254560.2717.79%
November 15, 20254623.7919.43%
November 16, 20254664.1520.47%
November 17, 20254659.3020.34%
November 18, 20254607.5419.01%
November 19, 20254562.9817.86%
November 20, 20254508.5916.45%
November 21, 20254363.6012.71%
November 22, 20254210.768.76%
November 23, 20254047.274.54%
November 24, 20254034.484.21%
November 25, 20254072.555.19%
November 26, 20254047.304.54%
November 27, 20254037.924.3%
November 28, 20254056.904.79%
November 29, 20254101.905.95%
November 30, 20254159.707.44%
December 01, 20254251.259.81%
December 02, 20254322.8111.65%

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 $3,926.41 $4,655.28 $4,290.84 11.1%
February $3,803.90 $4,646.41 $4,225.16 9.4%
March $3,681.40 $4,637.54 $4,159.47 7.7%
April $3,558.89 $4,628.67 $4,093.78 6%
May $3,436.39 $4,619.80 $4,028.09 4.3%
June $3,313.88 $4,610.93 $3,962.41 2.6%
July $3,191.38 $4,602.05 $3,896.72 0.93%
August $3,068.87 $4,593.18 $3,831.03 -0.8%
September $2,946.37 $4,584.31 $3,765.34 -2.5%
October $2,823.86 $4,575.44 $3,699.66 -4.2%
November $2,701.36 $4,566.57 $3,633.97 -5.9%
December $2,578.85 $4,557.70 $3,568.28 -7.6%
All Time $3,252.63 $4,606.49 $3,929.56 1.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,118.78 $4,955.14 $4,246.76 10%
February $3,658.71 $5,352.58 $4,925.23 27.6%
March $4,198.64 $5,750.03 $5,603.71 45.1%
April $4,738.57 $6,147.47 $6,282.19 62.7%
May $5,278.50 $6,544.91 $6,960.66 80.3%
June $5,818.43 $6,942.35 $7,639.14 97.9%
July $6,358.35 $7,339.79 $8,317.62 115.4%
August $6,898.28 $7,737.23 $8,996.09 133%
September $7,438.21 $8,134.68 $9,674.57 150.6%
October $7,978.14 $8,532.12 $10,353.05 168.1%
November $8,518.07 $8,929.56 $11,031.52 185.7%
December $9,058 $9,327 $11,710 203.3%
All Time $6,088.39 $7,141.07 $7,978.38 106.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $9,393.58 $9,679.08 $12,045.17 212%
February $9,729.17 $10,031.17 $12,380.33 220.7%
March $10,064.75 $10,383.25 $12,715.50 229.3%
April $10,400.33 $10,735.33 $13,050.67 238%
May $10,735.92 $11,087.42 $13,385.83 246.7%
June $11,071.50 $11,439.50 $13,721 255.4%
July $11,407.08 $11,791.58 $14,056.17 264.1%
August $11,742.67 $12,143.67 $14,391.33 272.7%
September $12,078.25 $12,495.75 $14,726.50 281.4%
October $12,413.83 $12,847.83 $15,061.67 290.1%
November $12,749.42 $13,199.92 $15,396.83 298.8%
December $13,085 $13,552 $15,732 307.5%
All Time $11,239.29 $11,615.54 $13,888.58 259.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $13,563.08 $14,047.67 $16,309.92 322.4%
February $14,041.17 $14,543.33 $16,887.83 337.4%
March $14,519.25 $15,039 $17,465.75 352.4%
April $14,997.33 $15,534.67 $18,043.67 367.3%
May $15,475.42 $16,030.33 $18,621.58 382.3%
June $15,953.50 $16,526 $19,199.50 397.3%
July $16,431.58 $17,021.67 $19,777.42 412.2%
August $16,909.67 $17,517.33 $20,355.33 427.2%
September $17,387.75 $18,013 $20,933.25 442.2%
October $17,865.83 $18,508.67 $21,511.17 457.1%
November $18,343.92 $19,004.33 $22,089.08 472.1%
December $18,822 $19,500 $22,667 487.1%
All Time $16,192.54 $16,773.83 $19,488.46 404.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $19,526.50 $20,213 $23,522.92 509.2%
February $20,231 $20,926 $24,378.83 531.4%
March $20,935.50 $21,639 $25,234.75 553.6%
April $21,640 $22,352 $26,090.67 575.7%
May $22,344.50 $23,065 $26,946.58 597.9%
June $23,049 $23,778 $27,802.50 620.1%
July $23,753.50 $24,491 $28,658.42 642.3%
August $24,458 $25,204 $29,514.33 664.4%
September $25,162.50 $25,917 $30,370.25 686.6%
October $25,867 $26,630 $31,226.17 708.8%
November $26,571.50 $27,343 $32,082.08 730.9%
December $27,276 $28,056 $32,938 753.1%
All Time $23,401.25 $24,134.50 $28,230.46 631.2%

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 $34,130.33 784%
February $29,558.33 $30,442.17 $35,322.67 814.9%
March $30,699.50 $31,635.25 $36,515 845.7%
April $31,840.67 $32,828.33 $37,707.33 876.6%
May $32,981.83 $34,021.42 $38,899.67 907.5%
June $34,123 $35,214.50 $40,092 938.4%
July $35,264.17 $36,407.58 $41,284.33 969.3%
August $36,405.33 $37,600.67 $42,476.67 1000.1%
September $37,546.50 $38,793.75 $43,669 1031%
October $38,687.67 $39,986.83 $44,861.33 1061.9%
November $39,828.83 $41,179.92 $46,053.67 1092.8%
December $40,970 $42,373 $47,246 1123.7%
All Time $34,693.58 $35,811.04 $40,688.17 953.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $42,748 $44,175.33 $49,253.67 1175.7%
February $44,526 $45,977.67 $51,261.33 1227.7%
March $46,304 $47,780 $53,269 1279.7%
April $48,082 $49,582.33 $55,276.67 1331.7%
May $49,860 $51,384.67 $57,284.33 1383.7%
June $51,638 $53,187 $59,292 1435.7%
July $53,416 $54,989.33 $61,299.67 1487.7%
August $55,194 $56,791.67 $63,307.33 1539.7%
September $56,972 $58,594 $65,315 1591.7%
October $58,750 $60,396.33 $67,322.67 1643.7%
November $60,528 $62,198.67 $69,330.33 1695.7%
December $62,306 $64,001 $71,338 1747.7%
All Time $52,527 $54,088.17 $60,295.83 1461.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $64,523 $66,343.42 $74,533 1830.4%
February $66,740 $68,685.83 $77,728 1913.2%
March $68,957 $71,028.25 $80,923 1995.9%
April $71,174 $73,370.67 $84,118 2078.7%
May $73,391 $75,713.08 $87,313 2161.4%
June $75,608 $78,055.50 $90,508 2244.2%
July $77,825 $80,397.92 $93,703 2326.9%
August $80,042 $82,740.33 $96,898 2409.7%
September $82,259 $85,082.75 $100,093 2492.4%
October $84,476 $87,425.17 $103,288 2575.2%
November $86,693 $89,767.58 $106,483 2657.9%
December $88,910 $92,110 $109,678 2740.7%
All Time $76,716.50 $79,226.71 $92,105.50 2285.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $92,565.75 $95,806.17 $113,497.58 2839.6%
February $96,221.50 $99,502.33 $117,317.17 2938.5%
March $99,877.25 $103,198.50 $121,136.75 3037.4%
April $103,533 $106,894.67 $124,956.33 3136.4%
May $107,188.75 $110,590.83 $128,775.92 3235.3%
June $110,844.50 $114,287 $132,595.50 3334.2%
July $114,500.25 $117,983.17 $136,415.08 3433.2%
August $118,156 $121,679.33 $140,234.67 3532.1%
September $121,811.75 $125,375.50 $144,054.25 3631%
October $125,467.50 $129,071.67 $147,873.83 3729.9%
November $129,123.25 $132,767.83 $151,693.42 3828.9%
December $132,779 $136,464 $155,513 3927.8%
All Time $112,672.38 $116,135.08 $134,505.29 3383.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $138,430.92 $142,604.83 $161,658.50 4087%
February $144,082.83 $148,745.67 $167,804 4246.1%
March $149,734.75 $154,886.50 $173,949.50 4405.3%
April $155,386.67 $161,027.33 $180,095 4564.5%
May $161,038.58 $167,168.17 $186,240.50 4723.6%
June $166,690.50 $173,309 $192,386 4882.8%
July $172,342.42 $179,449.83 $198,531.50 5042%
August $177,994.33 $185,590.67 $204,677 5201.1%
September $183,646.25 $191,731.50 $210,822.50 5360.3%
October $189,298.17 $197,872.33 $216,968 5519.5%
November $194,950.08 $204,013.17 $223,113.50 5678.6%
December $200,602 $210,154 $229,259 5837.8%
All Time $169,516.46 $176,379.42 $195,458.75 4962.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $204,695.92 $214,134.25 $233,011.75 5935%
February $208,789.83 $218,114.50 $236,764.50 6032.2%
March $212,883.75 $222,094.75 $240,517.25 6129.4%
April $216,977.67 $226,075 $244,270 6226.6%
May $221,071.58 $230,055.25 $248,022.75 6323.8%
June $225,165.50 $234,035.50 $251,775.50 6421%
July $229,259.42 $238,015.75 $255,528.25 6518.2%
August $233,353.33 $241,996 $259,281 6615.4%
September $237,447.25 $245,976.25 $263,033.75 6712.6%
October $241,541.17 $249,956.50 $266,786.50 6809.8%
November $245,635.08 $253,936.75 $270,539.25 6907%
December $249,729 $257,917 $274,292 7004.2%
All Time $227,212.46 $236,025.63 $253,651.88 6469.6%

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.

Ethereum Price Analysis: ETH Eyes $4,000 Retest

Despite the short-term exhaustion in Bitcoin price, Ethereum price remains strong and has triggered a breakout above the $3,500 critical hurdle. As discussed, this move bodes well for ETH, hinting at a $4,000 retest as it has breached the declining trend line and the horizontal resistance level at $3,500. This outlook shows strength and a shift in pradigm after a lackluster performance in 2024.

Bitcoin crash began after it formed a top on November 22. Since then, ETH has had a stellar performance and is a clear winner.

ETH vs. BTC and other altcoins
ETH vs. BTC and other altcoins

What’s Next for ETH price?

From a technical standpoint, ETH price has breached $3,500, suggesting that the next stop for bulls is $4,000. Ethereum price needs to rally another 10% to revisit this psychological level. However, if Bitcoin price crashes, ETH could also drop 3% to 5% and revisit $3,500 to $3,350 support levels. So long as these barriers hold, Ethereum price is primed for a retest of $4,000.

ETH/USDT 1-day chart

In a highly bullish case, where BTC consolidates, the smart contract token could revisit $5,000.  On the contrary, if Ethereum price breaches the $3,350 support level, it would invalidate the bullsih thesis and potentially trigger a 14% crash to $2,886.

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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