Why Ethereum Price is Up $0.50% Today as ETH Trades at $2,544

Discover why Ethereum price is up 0.50% today. Why is ETH price trading at $2,544 and what to expect from Ether?
By Akash Girimath
October 25, 2024 | Updated October 25, 2024
Why Ethereum Price is Up 0.87% Today as ETH Trades At $3088?

Highlights

  • Ethereum price today is up 0.50% after a near 4% recovery from the local bottom of $2,462.
  • This uptrend will likely continue for ETH price is BTC breaches the $70k level.
  • Between 2030 to 2050, Ether prices will reach between $250k.

Ethereum (ETH) price today trades at $2,413.1 as of 11 PM. Ether prices hit a daily high of $2,555.6 today after rising -4.67% on December 5.

Ethereum Price is Up Today: Why?

The Ethereum price trades at $2,544 after recovering nearly 4% from the daily low of $2,460. This uptick is in line with Bitcoin’s 1.60% recovery bounce to $68,140. If this trend keeps up the New York open could propel the value of ETH higher after sliding lower all week.

Ethereum Price Charts

*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 History

The year-to-date (YTD) performance of ETH is 8.17%, after dropping form double digits at the start of the week. As of December 5, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 299 days, would be worth nearly $10,817. Regardless of Ethereum’s lackluster performance its market capitalization stands at $290.5 billion.

Ethereum Market Cap: The Second-Largest Cryptocurrency

Ethereum ranks second in market capitalization, valued at $290.5 billion, after Bitcoin’s $1.15 trillion. Together, they comprise 83% of the crypto market.

Since its all-time high of $571 billion in November 2021, Ethereum’s value has decreased by half. However, Ethereum maintains a strong lead over other popular cryptocurrencies:
  • Solana (SOL): $63 billion
  • Ripple (XRP): $30 billion

Despite this recent downtick and recovery, the 24-hour trading volume of Ethereum is $23.1 billion.

Ethereum Trading Volume

The 24-hour trading volume of Ethereum is $23.1 billion. Binance is the largest contributer to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, ByBit follow Binance.

Ethereum Blockchain Upgrade 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).

Ethereum Blockchain Upgrades in The Last 5 Years

Here are some of the critical upgrades in the past 5 years that have shaped and kept Ethereum as the second-largest crypto by market capitalization.

2024

  • Cancun-Deneb (“Dencun”)

2023

  • Shanghai-Capella (“Shapella”)

2022

  • Paris (The Merge)
  • Bellatrix
  • Gray Glacier

2021

  • Arrow Glacier
  • Altair
  • London
  • Berlin

2020

  • Beacon Chain genesis
  • Staking deposit contract deployed
  • Muir Glacier

Influence of ETH Gas on Ethereum Price

Ethereum’s upgrade aims to solve the blockchain trilemma: balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Post-upgrade, Ethereum’s transaction fees (gas fees) plummeted, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of December 5, the gas fee for a transaction on the ETH network as of 11 PM is 8.42 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.

Ethereum Price Prediction & Trends

Despite the ongoing downtrend in Bitcoin, the recent recovery rally shows promise if BTC manages to overcome the $69K hurdle and flip $70k into a stable support floor. Such a development could be key to improving Ethereum’s price performance as the first month of quarter four nears and end.

Ethereum prices 2024

As of ‘December 5, here are some popular cryptocurrencies’ price-performance comparisons. The one-month performance shows Ether is up 6.37%, while year-to-date returns show ETH at 6,855.89%

Ethereum price vs BTC, SOL, POPCAT, TIA
Ethereum price vs BTC, SOL, POPCAT, TIA

As seen from the above year-to-date (YTD) price performance chart, Ethereum is clearly the third worst performing asset after TIA and APT. POPCAT, SUI, SOL and BTC have the best YTD returns.

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Ethereum Price Outlook For Next Week

Date Price Change
December 05, 20253169.720.01%
December 06, 20253204.931.12%
December 07, 20253272.223.24%
December 08, 20253404.457.41%
December 09, 20253492.4410.19%
December 10, 20253557.7712.25%
December 11, 20253461.289.2%
December 12, 20253404.117.4%
December 13, 20253432.238.29%
December 14, 20253532.5311.45%
December 15, 20253671.1215.83%
December 16, 20253727.5717.61%
December 17, 20253775.5519.12%
December 18, 20253807.9920.14%
December 19, 20253792.6519.66%
December 20, 20253751.0618.35%
December 21, 20253716.5017.26%
December 22, 20253656.9315.38%
December 23, 20253540.4211.7%
December 24, 20253414.447.73%
December 25, 20253283.063.58%
December 26, 20253310.924.46%
December 27, 20253328.105%
December 28, 20253307.814.36%
December 29, 20253309.884.43%
December 30, 20253325.144.91%
December 31, 20253370.346.34%
January 01, 20263424.828.05%
January 02, 20263498.8910.39%
January 03, 20263537.8011.62%

Based on CoinGagpe’s Ethereum price predictions, investors can expect ETH to trade around $2,712, a near-7% uptick in the next week. In a month, Ether could be trading at $2,759, slightly higher than from a week ago.

Ethereum Price Forecast Between 2025 & 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,184.38 $3,785.47 $3,484.93 10%
February $3,199.04 $3,762.96 $3,481.01 9.8%
March $3,213.71 $3,740.44 $3,477.08 9.7%
April $3,228.37 $3,717.93 $3,473.15 9.6%
May $3,243.03 $3,695.41 $3,469.22 9.5%
June $3,257.69 $3,672.90 $3,465.30 9.3%
July $3,272.35 $3,650.38 $3,461.37 9.2%
August $3,287.01 $3,627.86 $3,457.44 9.1%
September $3,301.68 $3,605.35 $3,453.51 9%
October $3,316.34 $3,582.83 $3,449.59 8.8%
November $3,331 $3,560.32 $3,445.66 8.7%
December $3,345.66 $3,537.80 $3,441.73 8.6%
All Time $3,265.02 $3,661.64 $3,463.33 9.3%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,638.26 $3,830.56 $3,834.66 21%
February $3,930.85 $4,123.32 $4,227.59 33.4%
March $4,223.45 $4,416.08 $4,620.52 45.8%
April $4,516.04 $4,708.84 $5,013.44 58.2%
May $4,808.64 $5,001.60 $5,406.37 70.6%
June $5,101.23 $5,294.36 $5,799.30 83%
July $5,393.83 $5,587.12 $6,192.23 95.4%
August $5,686.42 $5,879.88 $6,585.16 107.8%
September $5,979.02 $6,172.64 $6,978.09 120.2%
October $6,271.61 $6,465.40 $7,371.01 132.6%
November $6,564.21 $6,758.16 $7,763.94 145%
December $6,856.80 $7,050.92 $8,156.87 157.4%
All Time $5,247.53 $5,440.74 $5,995.76 89.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $7,149.39 $7,350.84 $8,465.25 167.1%
February $7,441.98 $7,650.76 $8,773.63 176.8%
March $7,734.58 $7,950.68 $9,082.02 186.6%
April $8,027.17 $8,250.59 $9,390.40 196.3%
May $8,319.76 $8,550.51 $9,698.78 206%
June $8,612.35 $8,850.43 $10,007.16 215.8%
July $8,904.94 $9,150.35 $10,315.54 225.5%
August $9,197.53 $9,450.27 $10,623.92 235.2%
September $9,490.13 $9,750.19 $10,932.31 245%
October $9,782.72 $10,050.10 $11,240.69 254.7%
November $10,075.31 $10,350.02 $11,549.07 264.4%
December $10,367.90 $10,649.94 $11,857.45 274.1%
All Time $8,758.65 $9,000.39 $10,161.35 220.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $10,822.05 $11,116.09 $12,335.81 289.2%
February $11,276.20 $11,582.24 $12,814.16 304.3%
March $11,730.36 $12,048.39 $13,292.52 319.4%
April $12,184.51 $12,514.53 $13,770.87 334.5%
May $12,638.66 $12,980.68 $14,249.23 349.6%
June $13,092.81 $13,446.83 $14,727.59 364.7%
July $13,546.96 $13,912.98 $15,205.94 379.8%
August $14,001.11 $14,379.13 $15,684.30 394.9%
September $14,455.27 $14,845.28 $16,162.65 410%
October $14,909.42 $15,311.42 $16,641.01 425.1%
November $15,363.57 $15,777.57 $17,119.36 440.2%
December $15,817.72 $16,243.72 $17,597.72 455.3%
All Time $13,319.89 $13,679.90 $14,966.76 372.3%
Month Minimum Price Average Price Maximum Price Potential ROI
January $16,393.04 $16,837.69 $18,389.61 480.3%
February $16,968.36 $17,431.66 $19,181.51 505.2%
March $17,543.69 $18,025.62 $19,973.40 530.2%
April $18,119.01 $18,619.59 $20,765.30 555.2%
May $18,694.33 $19,213.56 $21,557.19 580.2%
June $19,269.65 $19,807.53 $22,349.09 605.2%
July $19,844.97 $20,401.49 $23,140.98 630.2%
August $20,420.29 $20,995.46 $23,932.87 655.2%
September $20,995.62 $21,589.43 $24,724.77 680.2%
October $21,570.94 $22,183.40 $25,516.66 705.1%
November $22,146.26 $22,777.36 $26,308.56 730.1%
December $22,721.58 $23,371.33 $27,100.45 755.1%
All Time $19,557.31 $20,104.51 $22,745.03 617.7%

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 Forecast Between 2030 & 2050

2030
2031
2032
2033
2040
2050
Month Minimum Price Average Price Maximum Price Potential ROI
January $23,533.47 $24,226.45 $28,109.92 787%
February $24,345.36 $25,081.58 $29,119.39 818.8%
March $25,157.25 $25,936.70 $30,128.86 850.7%
April $25,969.14 $26,791.83 $31,138.32 882.5%
May $26,781.03 $27,646.95 $32,147.79 914.4%
June $27,592.92 $28,502.08 $33,157.26 946.2%
July $28,404.80 $29,357.20 $34,166.73 978.1%
August $29,216.69 $30,212.32 $35,176.20 1009.9%
September $30,028.58 $31,067.45 $36,185.67 1041.8%
October $30,840.47 $31,922.57 $37,195.13 1073.6%
November $31,652.36 $32,777.70 $38,204.60 1105.5%
December $32,464.25 $33,632.82 $39,214.07 1137.3%
All Time $27,998.86 $28,929.64 $33,661.99 962.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $33,651.31 $34,862.64 $40,691.34 1184%
February $34,838.37 $36,092.46 $42,168.61 1230.6%
March $36,025.44 $37,322.27 $43,645.87 1277.2%
April $37,212.50 $38,552.09 $45,123.14 1323.8%
May $38,399.56 $39,781.91 $46,600.41 1370.4%
June $39,586.62 $41,011.73 $48,077.68 1417%
July $40,773.68 $42,241.54 $49,554.94 1463.6%
August $41,960.74 $43,471.36 $51,032.21 1510.3%
September $43,147.81 $44,701.18 $52,509.48 1556.9%
October $44,334.87 $45,931 $53,986.75 1603.5%
November $45,521.93 $47,160.81 $55,464.01 1650.1%
December $46,708.99 $48,390.63 $56,941.28 1696.7%
All Time $40,180.15 $41,626.63 $48,816.31 1440.3%
Month Minimum Price Average Price Maximum Price Potential ROI
January $48,305.91 $50,049.04 $59,056.56 1763.4%
February $49,902.83 $51,707.45 $61,171.84 1830.2%
March $51,499.75 $53,365.86 $63,287.12 1896.9%
April $53,096.67 $55,024.27 $65,402.40 1963.7%
May $54,693.59 $56,682.68 $67,517.68 2030.4%
June $56,290.51 $58,341.09 $69,632.96 2097.2%
July $57,887.42 $59,999.50 $71,748.23 2163.9%
August $59,484.34 $61,657.91 $73,863.51 2230.7%
September $61,081.26 $63,316.32 $75,978.79 2297.4%
October $62,678.18 $64,974.73 $78,094.07 2364.1%
November $64,275.10 $66,633.14 $80,209.35 2430.9%
December $65,872.02 $68,291.55 $82,324.63 2497.6%
All Time $57,088.96 $59,170.30 $70,690.59 2130.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $68,446.80 $70,949.25 $85,104.07 2585.3%
February $71,021.58 $73,606.95 $87,883.51 2673%
March $73,596.36 $76,264.65 $90,662.95 2760.7%
April $76,171.13 $78,922.35 $93,442.38 2848.4%
May $78,745.91 $81,580.05 $96,221.82 2936.1%
June $81,320.69 $84,237.75 $99,001.26 3023.8%
July $83,895.47 $86,895.44 $101,780.70 3111.5%
August $86,470.25 $89,553.14 $104,560.14 3199.2%
September $89,045.03 $92,210.84 $107,339.58 3287%
October $91,619.80 $94,868.54 $110,119.01 3374.7%
November $94,194.58 $97,526.24 $112,898.45 3462.4%
December $96,769.36 $100,183.94 $115,677.89 3550.1%
All Time $82,608.08 $85,566.59 $100,390.98 3067.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $101,395.21 $105,193.14 $119,980.33 3685.8%
February $106,021.07 $110,202.34 $124,282.77 3821.6%
March $110,646.92 $115,211.53 $128,585.21 3957.3%
April $115,272.77 $120,220.73 $132,887.65 4093.1%
May $119,898.62 $125,229.93 $137,190.09 4228.8%
June $124,524.48 $130,239.13 $141,492.54 4364.6%
July $129,150.33 $135,248.32 $145,794.98 4500.4%
August $133,776.18 $140,257.52 $150,097.42 4636.1%
September $138,402.03 $145,266.72 $154,399.86 4771.9%
October $143,027.89 $150,275.92 $158,702.30 4907.6%
November $147,653.74 $155,285.11 $163,004.74 5043.4%
December $152,279.59 $160,294.31 $167,307.18 5179.1%
All Time $126,837.40 $132,743.72 $143,643.76 4432.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $155,201.62 $163,466.80 $171,147.56 5300.3%
February $158,123.65 $166,639.29 $174,987.95 5421.5%
March $161,045.69 $169,811.78 $178,828.33 5542.7%
April $163,967.72 $172,984.27 $182,668.72 5663.9%
May $166,889.75 $176,156.76 $186,509.10 5785%
June $169,811.78 $179,329.26 $190,349.49 5906.2%
July $172,733.81 $182,501.75 $194,189.87 6027.4%
August $175,655.84 $185,674.24 $198,030.25 6148.6%
September $178,577.88 $188,846.73 $201,870.64 6269.7%
October $181,499.91 $192,019.22 $205,711.02 6390.9%
November $184,421.94 $195,191.71 $209,551.41 6512.1%
December $187,343.97 $198,364.20 $213,391.79 6633.3%
All Time $171,272.80 $180,915.50 $192,269.68 5966.8%

Betweem 2023 and 2050, Ethereum 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 Lags as BTC and SOL Out perform ETH

As noted above, ETH is the third worst performer when comapring YTD returns. In the past three months, however, this outlook does not change.

While Bitcoin yielded 3.67% returns in the past three months, SUI took the first spot with 149% gain. APT is the second best performer in the past three months with a return of 46%.

ETH vs. BTC, SOL, APT, SUI, 
ETH vs. BTC, SOL, APT, SUI

4 Reasons For Ethereum’s Lackluster Price Performance For Most of 2024

  • The launch of spot Bitcoin ETFs has reduced Ethereum’s volatility, appealing to traditional investors.
  • Ethereum’s static prices despite its ETF launch may be due to lacking a compelling narrative for traditional investors.
  • Solana, dubbed the “Ethereum-killer,” saw a significant 2024 comeback, attracting investors with its potential to outperform Ethereum.
  • Solana’s high throughput, low fees, and meme coin launches drew liquidity from Ethereum, leading investors to favor Solana over the slower, more expensive Ethereum blockchain

Considering the above pointers, it’s no surprise that the price of Ethereum lags behind BTC. Furthermore, the spot ETF approval is providing headwings so it is unlikely that Ether prices improve in the short-term.

Ethereum ETFs Little Impact

The launch of spot Ethereum ETFs have not helped ETH price in anyways. Unlike the spot Bitcoin ETF that kickstarted the BTC bull run Ether remains lull. The cumulative spot Ethereum ETF flows hover around $485.28 million with October 24 noting an inflow of $2.3 million.

Spot Ethereum ETF
Spot Ethereum ETF

With Bitcoin price showing signs of breaching $70K, Ethereum price also looks promising. If BTC fails to move higher and continues its seve-month consolidation, ETH wil remain lull and extend its uninspiring performance.

Frequently Asked Questions (FAQs)

1. Why is Ethereum price up today?

Ethereum price today is up 0.50% due to the recovery of Bitcoin in late London session.

2. What price is ETH trading today?

ETH price today is trading at $2,554

3. How high can Ether hit in 2050?

Ether can spike ino the six-digit territory and tag $126,482.21 based on CoinGape predictions
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.