ETH Price
Where Will Ethereum Price Head by September’s End?
Ethereum price plunged 1.67% during the Sunday trading session to reach $2570 and a market cap of $309.5 Billion. While this bearish turnaround is expected as a temporary pullback for buyers to recuperate the bullish momentum, a recent sell-off crypto whale sparks the possibility for further correction. Will $2k ETH return?
Ethereum Price: Will It Hit $2K or $3K by the End of September?
According to the Spotonchain, a “diamond-hand whale” identified as “0x682” deposited 15,000 ETH (worth $38.4 million) to Kraken earlier today. Interestingly, this whale’s previous sell-off coincided with a significant drop in Ethereum price. Notably, on July 25, the whale offloaded 10,000 ETH just before a 7.6% price decline, and similarly, on August 20, 15,000 ETH was sold before a 2.5% drop.
Currently, this whale holds 26,639 ETH (worth approximately $69.7M), with an estimated total profit of $132M (+86%).
Given this whale’s track record, the Ethereum price prediction could face a deeper correction and retest the $2000 support.
The diamond-hand whale “0x682” deposited 15,000 $ETH ($38.4M) to #Kraken again 8 hours ago!
Notably, in the last 2 deposits, the whale unloaded $ETH right before the price dropped sharply, including:
• 10K $ETH ($34.2M) on Jul 25, before a 7.6% price drop,
• 15K $ETH ($39.7M)… https://t.co/VZglPwpAFd pic.twitter.com/cUNkwvL9VZ— Spot On Chain (@spotonchain) September 22, 2024
In addition, the Ether supply on exchange has steadily grown to 21.43 Million ETH, according to the latest data from Santiment. Generally, the increasing supply on exchange raises the risk of potential sell-off and accelerates the downward pressure on an asset.
ETH Price 9% Away From Major Breakout
The Ethereum price has showcased a sustained recovery from $2150 to $2564 in the last two weeks, accounting for a 19.28% growth. This bullish recovery was largely driven by the U.S. Federal Reserve rate cut and Bitcoin price jump above $60000.
In the daily time frame chart, the ETH price shows the formation of a double-bottom reversal pattern. If the pattern holds true, the buyers could push a 9% surge to challenge the $2800 resistance back by 100-day resistance. A potential breakout from this resistance will intensify the bullish momentum, push the asset above $3000, and hit the $3500 barrier.
Alternatively, if the overhead supply at $2800 persists, the Ethereum price could revert back to $2000 and continue a consolidation trend.
Frequently Asked Questions (FAQs)
Ethereum could either dip to $2,000 due to selling pressure from recent whale activity or rally to $3,000 if it breaks through the $2,800 resistance
Ethereum’s price dropped by 1.67% during the Sunday trading session, reaching $2,570. This decline is partially attributed to a large whale depositing 15,000 ETH to Kraken
Ethereum is currently 9% away from challenging the key resistance level at $2,800, which is reinforced by the 100-day EMA
Sahil Mahadik
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
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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The Ethereum price could face some turbulence, as Justin Sun, the founder of Tron (TRX), has unstaked a whopping $209 million from Lido Finance, a liquid decentralized staking platform for Ethereum. Compared to top cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), the Ethereum price has had a relatively muted performance, skyrocketing to $4,000 before consolidating and struggling to move higher. With the possibility of more sell-offs, Ethereum could see its price crashing down if Sun decides to dump more coins.
Justin Sun Dumps ETH
New reports from Spot On Chain, an AI-driven crypto platform, revealed that Sun recently applied to withdraw a staggering 52,905 ETH tokens worth about $209 million from Lido Finance. According to the on-chain data, this massive withdrawal was part of the ETH stash Sun allegedly accumulated between February and August 2024.
Spot On Chain has revealed that the total amount of Ethereum Sun bought within this period amounted to 392,474 ETH tokens, valued at $1.19 billion. All of these tokens were purchased via three wallet addresses at an average price of $3,027. Presently, the total profit the Tron founder has acquired since his purchase is up to $349 million, representing a 29% increase from its purchasing price.
Interestingly, on October 24, Sun had unstaked a massive 80,251 ETH tokens, worth over $131 million, from Lido Finance. Four days later, he transferred the entire amount to Binance, the world’s largest crypto exchange. This notable move took place just before the price of Ethereum had dropped sharply by 5% in mid-October, which could have resulted in a loss for Sun.
Unsurprisingly, this is not the first time Sun has dumped Ethereum. Spot On Chain revealed earlier this month that the Tron Founder had been cashing in his Ethereum holdings during the market rally.
In November, Sun deposited 19,000 ETH worth $60.83 million to HTX, a crypto exchange. Additionally, he transferred 29,920 ETH valued at $119.7 million to HTX again after its price surpassed $4,000 over the past week. These are just a few transactions the Tron founder has made with ETH over the past month.
Given Sun’s history of large-scale asset movements, further sell-offs could impact the already fragile Ethereum market. Nevertheless, the lingering question remains whether the Tron founder will continue his Ethereum dumping spree.
Ethereum Price Crash Ahead?
While Sun has not publicly commented on his recent large-scale Ethereum withdrawals, the size and timing of these transactions could pose a problem for the altcoin’s future trajectory. Historically, large ETH liquidations have triggered a price crash due to increasing selling pressures.
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With the price of Ethereum still unstable and aiming for a stronger upward rally, further large-scale ETH dumps could exacerbate market volatility, especially if other investors or whales follow suit. For now, the price of Ethereum seems to be performing well, recording a more than 7% increase in the last seven days and a 28% surge over the past month, according to CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
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Ethereum price today trades at $3,871.7 as of 11 PM. The drop comes after ETH hit a daily high of $3,944.4 after -0.79% move on December 15.
Ethereum Price Today: Why is ETH down?
Ethereum price faces rejection from the parallel channel’s midpoint. This weakness can be attributed to Bitcoin’s recent slump, which has affected altcoins, include ETH. Additionally, the end of the week is often leads to a drop in volume and liquidity.
Will Ether bounce or drop lower? Let’s explore.
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 Forecast & Outlook
ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.
Ethereum: The Second-Largest Crypto By Market Cap
Ethereum ranks second in market capitalization, valued at $466.8 billion, after Bitcoin’s $1.95 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): $109 billion
- Ripple (XRP): $138 billion
- BNB (BNB): $104 billion
In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $28.6 billion.
Ethereum’s Crypto Trading Volume Soars
The 24-hour trading volume of Ethereum is $28.6 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’s 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).
Important Upgrades to Ethereum Blockchain
Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.
Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.
2023:
2022:
2021:
London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.
2020:
ETH Gas’ Effect on Ether Prices
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 15, 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.
Ethereum Price Forecast For The Next 7 Days
| Date | Price | Change |
|---|---|---|
| December 14, 2024 | 3873.35 | -1.43% |
| December 15, 2024 | 3876.29 | -1.35% |
| December 16, 2024 | 3878.41 | -1.3% |
| December 17, 2024 | 3890.85 | -0.98% |
| December 18, 2024 | 3928.84 | -0.01% |
| December 19, 2024 | 3925.03 | -0.11% |
| December 20, 2024 | 3932.95 | 0.09% |
| December 21, 2024 | 3926.91 | -0.06% |
| December 22, 2024 | 3907.58 | -0.56% |
| December 23, 2024 | 3899.74 | -0.75% |
| December 24, 2024 | 3897.59 | -0.81% |
| December 25, 2024 | 3878.41 | -1.3% |
| December 26, 2024 | 3901.36 | -0.71% |
| December 27, 2024 | 3912.61 | -0.43% |
| December 28, 2024 | 3937.11 | 0.2% |
| December 29, 2024 | 3986.24 | 1.45% |
| December 30, 2024 | 3982.79 | 1.36% |
| December 31, 2024 | 3995.28 | 1.68% |
| January 01, 2025 | 4002.47 | 1.86% |
| January 02, 2025 | 3998.53 | 1.76% |
| January 03, 2025 | 4007.53 | 1.99% |
| January 04, 2025 | 4093.78 | 4.18% |
| January 05, 2025 | 4214.33 | 7.25% |
| January 06, 2025 | 4249.69 | 8.15% |
| January 07, 2025 | 4313.27 | 9.77% |
| January 08, 2025 | 4377.11 | 11.39% |
| January 09, 2025 | 4363.26 | 11.04% |
| January 10, 2025 | 4382.38 | 11.53% |
| January 11, 2025 | 4439.84 | 12.99% |
| January 12, 2025 | 4261.57 | 8.45% |
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.
Ethereum Price Forecast Between 2025 & 2029
| January | $3,685.34 | $4,024.04 | $3,854.70 | 59.9% |
| February | $3,497.33 | $4,061.84 | $3,779.59 | 56.8% |
| March | $3,309.32 | $4,099.64 | $3,704.49 | 53.6% |
| April | $3,121.31 | $4,137.44 | $3,629.38 | 50.5% |
| May | $2,933.30 | $4,175.24 | $3,554.28 | 47.4% |
| June | $2,745.29 | $4,213.04 | $3,479.17 | 44.3% |
| July | $2,557.28 | $4,250.84 | $3,404.07 | 41.2% |
| August | $2,369.27 | $4,288.64 | $3,328.96 | 38.1% |
| September | $2,181.26 | $4,326.44 | $3,253.86 | 35% |
| October | $1,993.25 | $4,364.24 | $3,178.75 | 31.8% |
| November | $1,805.24 | $4,402.04 | $3,103.65 | 28.7% |
| December | $1,617.23 | $4,439.84 | $3,028.54 | 25.6% |
| All Time | $2,651.29 | $4,231.94 | $3,441.62 | 42.7% |
| January | $1,917.96 | $4,517.77 | $3,299.08 | 36.8% |
| February | $2,218.69 | $4,595.70 | $3,569.62 | 48.1% |
| March | $2,519.42 | $4,673.63 | $3,840.16 | 59.3% |
| April | $2,820.15 | $4,751.56 | $4,110.69 | 70.5% |
| May | $3,120.88 | $4,829.49 | $4,381.23 | 81.7% |
| June | $3,421.62 | $4,907.42 | $4,651.77 | 92.9% |
| July | $3,722.35 | $4,985.35 | $4,922.31 | 104.2% |
| August | $4,023.08 | $5,063.28 | $5,192.85 | 115.4% |
| September | $4,323.81 | $5,141.21 | $5,463.39 | 126.6% |
| October | $4,624.54 | $5,219.14 | $5,733.92 | 137.8% |
| November | $4,925.27 | $5,297.07 | $6,004.46 | 149% |
| December | $5,226 | $5,375 | $6,275 | 160.3% |
| All Time | $3,571.98 | $4,946.39 | $4,787.04 | 98.5% |
| January | $5,417.25 | $5,571.75 | $6,513.75 | 170.2% |
| February | $5,608.50 | $5,768.50 | $6,752.50 | 180.1% |
| March | $5,799.75 | $5,965.25 | $6,991.25 | 190% |
| April | $5,991 | $6,162 | $7,230 | 199.9% |
| May | $6,182.25 | $6,358.75 | $7,468.75 | 209.8% |
| June | $6,373.50 | $6,555.50 | $7,707.50 | 219.7% |
| July | $6,564.75 | $6,752.25 | $7,946.25 | 229.6% |
| August | $6,756 | $6,949 | $8,185 | 239.5% |
| September | $6,947.25 | $7,145.75 | $8,423.75 | 249.4% |
| October | $7,138.50 | $7,342.50 | $8,662.50 | 259.3% |
| November | $7,329.75 | $7,539.25 | $8,901.25 | 269.2% |
| December | $7,521 | $7,736 | $9,140 | 279.1% |
| All Time | $6,469.13 | $6,653.88 | $7,826.88 | 224.6% |
| January | $7,771.92 | $8,001.25 | $9,467.83 | 292.7% |
| February | $8,022.83 | $8,266.50 | $9,795.67 | 306.3% |
| March | $8,273.75 | $8,531.75 | $10,123.50 | 319.9% |
| April | $8,524.67 | $8,797 | $10,451.33 | 333.5% |
| May | $8,775.58 | $9,062.25 | $10,779.17 | 347.1% |
| June | $9,026.50 | $9,327.50 | $11,107 | 360.7% |
| July | $9,277.42 | $9,592.75 | $11,434.83 | 374.3% |
| August | $9,528.33 | $9,858 | $11,762.67 | 387.9% |
| September | $9,779.25 | $10,123.25 | $12,090.50 | 401.5% |
| October | $10,030.17 | $10,388.50 | $12,418.33 | 415.1% |
| November | $10,281.08 | $10,653.75 | $12,746.17 | 428.7% |
| December | $10,532 | $10,919 | $13,074 | 442.3% |
| All Time | $9,151.96 | $9,460.13 | $11,270.92 | 367.5% |
| January | $10,940 | $11,331.17 | $13,534.75 | 461.4% |
| February | $11,348 | $11,743.33 | $13,995.50 | 480.5% |
| March | $11,756 | $12,155.50 | $14,456.25 | 499.6% |
| April | $12,164 | $12,567.67 | $14,917 | 518.7% |
| May | $12,572 | $12,979.83 | $15,377.75 | 537.8% |
| June | $12,980 | $13,392 | $15,838.50 | 556.9% |
| July | $13,388 | $13,804.17 | $16,299.25 | 576% |
| August | $13,796 | $14,216.33 | $16,760 | 595.1% |
| September | $14,204 | $14,628.50 | $17,220.75 | 614.3% |
| October | $14,612 | $15,040.67 | $17,681.50 | 633.4% |
| November | $15,020 | $15,452.83 | $18,142.25 | 652.5% |
| December | $15,428 | $15,865 | $18,603 | 671.6% |
| All Time | $13,184 | $13,598.08 | $16,068.88 | 566.5% |
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 Outlook Between 2030 & 2050
2030
2031
2032
2033
2040
2050
| January | $16,092.58 | $16,559.25 | $19,264.08 | 699% |
| February | $16,757.17 | $17,253.50 | $19,925.17 | 726.4% |
| March | $17,421.75 | $17,947.75 | $20,586.25 | 753.8% |
| April | $18,086.33 | $18,642 | $21,247.33 | 781.3% |
| May | $18,750.92 | $19,336.25 | $21,908.42 | 808.7% |
| June | $19,415.50 | $20,030.50 | $22,569.50 | 836.1% |
| July | $20,080.08 | $20,724.75 | $23,230.58 | 863.5% |
| August | $20,744.67 | $21,419 | $23,891.67 | 890.9% |
| September | $21,409.25 | $22,113.25 | $24,552.75 | 918.4% |
| October | $22,073.83 | $22,807.50 | $25,213.83 | 945.8% |
| November | $22,738.42 | $23,501.75 | $25,874.92 | 973.2% |
| December | $23,403 | $24,196 | $26,536 | 1000.6% |
| All Time | $19,747.79 | $20,377.63 | $22,900.04 | 849.8% |
| January | $24,169.83 | $24,997.58 | $27,711.08 | 1049.4% |
| February | $24,936.67 | $25,799.17 | $28,886.17 | 1098.1% |
| March | $25,703.50 | $26,600.75 | $30,061.25 | 1146.8% |
| April | $26,470.33 | $27,402.33 | $31,236.33 | 1195.6% |
| May | $27,237.17 | $28,203.92 | $32,411.42 | 1244.3% |
| June | $28,004 | $29,005.50 | $33,586.50 | 1293.1% |
| July | $28,770.83 | $29,807.08 | $34,761.58 | 1341.8% |
| August | $29,537.67 | $30,608.67 | $35,936.67 | 1390.5% |
| September | $30,304.50 | $31,410.25 | $37,111.75 | 1439.3% |
| October | $31,071.33 | $32,211.83 | $38,286.83 | 1488% |
| November | $31,838.17 | $33,013.42 | $39,461.92 | 1536.7% |
| December | $32,605 | $33,815 | $40,637 | 1585.5% |
| All Time | $28,387.42 | $29,406.29 | $34,174.04 | 1317.4% |
| January | $33,881.25 | $35,131.33 | $42,063 | 1644.6% |
| February | $35,157.50 | $36,447.67 | $43,489 | 1703.8% |
| March | $36,433.75 | $37,764 | $44,915 | 1762.9% |
| April | $37,710 | $39,080.33 | $46,341 | 1822.1% |
| May | $38,986.25 | $40,396.67 | $47,767 | 1881.2% |
| June | $40,262.50 | $41,713 | $49,193 | 1940.4% |
| July | $41,538.75 | $43,029.33 | $50,619 | 1999.5% |
| August | $42,815 | $44,345.67 | $52,045 | 2058.6% |
| September | $44,091.25 | $45,662 | $53,471 | 2117.8% |
| October | $45,367.50 | $46,978.33 | $54,897 | 2176.9% |
| November | $46,643.75 | $48,294.67 | $56,323 | 2236.1% |
| December | $47,920 | $49,611 | $57,749 | 2295.2% |
| All Time | $40,900.63 | $42,371.17 | $49,906 | 1969.9% |
| January | $49,768.50 | $51,484 | $59,820.33 | 2381.1% |
| February | $51,617 | $53,357 | $61,891.67 | 2467.1% |
| March | $53,465.50 | $55,230 | $63,963 | 2553% |
| April | $55,314 | $57,103 | $66,034.33 | 2638.9% |
| May | $57,162.50 | $58,976 | $68,105.67 | 2724.8% |
| June | $59,011 | $60,849 | $70,177 | 2810.7% |
| July | $60,859.50 | $62,722 | $72,248.33 | 2896.6% |
| August | $62,708 | $64,595 | $74,319.67 | 2982.5% |
| September | $64,556.50 | $66,468 | $76,391 | 3068.4% |
| October | $66,405 | $68,341 | $78,462.33 | 3154.3% |
| November | $68,253.50 | $70,214 | $80,533.67 | 3240.3% |
| December | $70,102 | $72,087 | $82,605 | 3326.2% |
| All Time | $59,935.25 | $61,785.50 | $71,212.67 | 2853.7% |
| January | $72,550.17 | $75,090.58 | $85,513 | 3446.8% |
| February | $74,998.33 | $78,094.17 | $88,421 | 3567.4% |
| March | $77,446.50 | $81,097.75 | $91,329 | 3688% |
| April | $79,894.67 | $84,101.33 | $94,237 | 3808.6% |
| May | $82,342.83 | $87,104.92 | $97,145 | 3929.2% |
| June | $84,791 | $90,108.50 | $100,053 | 4049.9% |
| July | $87,239.17 | $93,112.08 | $102,961 | 4170.5% |
| August | $89,687.33 | $96,115.67 | $105,869 | 4291.1% |
| September | $92,135.50 | $99,119.25 | $108,777 | 4411.7% |
| October | $94,583.67 | $102,122.83 | $111,685 | 4532.3% |
| November | $97,031.83 | $105,126.42 | $114,593 | 4652.9% |
| December | $99,480 | $108,130 | $117,501 | 4773.5% |
| All Time | $86,015.08 | $91,610.29 | $101,507 | 4110.2% |
| January | $102,603.75 | $110,953.42 | $120,084.17 | 4880.7% |
| February | $105,727.50 | $113,776.83 | $122,667.33 | 4987.8% |
| March | $108,851.25 | $116,600.25 | $125,250.50 | 5095% |
| April | $111,975 | $119,423.67 | $127,833.67 | 5202.1% |
| May | $115,098.75 | $122,247.08 | $130,416.83 | 5309.2% |
| June | $118,222.50 | $125,070.50 | $133,000 | 5416.4% |
| July | $121,346.25 | $127,893.92 | $135,583.17 | 5523.5% |
| August | $124,470 | $130,717.33 | $138,166.33 | 5630.7% |
| September | $127,593.75 | $133,540.75 | $140,749.50 | 5737.8% |
| October | $130,717.50 | $136,364.17 | $143,332.67 | 5844.9% |
| November | $133,841.25 | $139,187.58 | $145,915.83 | 5952.1% |
| December | $136,965 | $142,011 | $148,499 | 6059.2% |
| All Time | $119,784.38 | $126,482.21 | $134,291.58 | 5470% |
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 Fundamentals Remain Strong
As explained in a previous article, Ethereum treads in a parallel channel. However, ETH is facing rejection at the channel’s midpoint unlike the expectation of a breakout to the upside. This development comes as BTC hovers around $100,000 without a directional bias. As BTC continues to tread lower, Ethereum and other altcoins are also likely to follow suit.
The rejection has pushed Ethereum closer to the $3,866 support level. A breakdown of this could send ETH down to the channel’s lower limit around $3,700, which is shaky at best. So investors should keep an eye on $3,371, a stable support level.
Interestingly, the network activity and daily active addresses are stable at six-month highs. This shows strength and investor interest.
Fruther supporting a strong fundamental development for ETH is the recent spot ETF inflow. Since Novmeber 22, Ethereum ETF inflows have been positive, indicating a strong demand from institutions.
All in all, the long-term outlook for Ethereum price continues to remain strong, but the short-term outlook remains bearish with price retracing due to volatility.
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Ethereum price trades today at $3,945.8 as of 2 PM. ETH hit a daily high of $3,975.4 after 5.62% move on December 12.
Ethereum Price Today: What’s Next After $4,000?
The daily chart shows Ethereum price today is hovering around $4,000 and looks ready to shoot higher. witnessed on December 5 and 10 are done. Going forward, investors can ignore ETH’s bearish divergence sell signal and expect it ti climb higher. In fact, technicals suggest Ethereum price could be setting the stage to set a new ATH above $5,000.
Ethereum Price Chart Today
*Ethereum price updated as of 2 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 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.
Ethereum: The Second-Largest Crypto By Market Cap
Ethereum ranks second in market capitalization, valued at $476.8 billion, after Bitcoin’s $1.95 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): $109 billion
- Ripple (XRP): $138 billion
- BNB (BNB): $104 billion
In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $44.1 billion.
Ethereum’s Crypto Trading Volume Soars
The 24-hour trading volume of Ethereum is $44.1 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’s 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 Upgrades to Ethereum Blockchain
Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.
Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.
2023:
2022:
2021:
London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.
2020:
ETH Gas & Its Impact on Ether Prices
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 12, the gas fee for a transaction on the ETH network as of 2 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.
Ethereum Price Outlook For The Next Week
| Date | Price | Change |
|---|---|---|
| December 11, 2024 | 3633.99 | -2.45% |
| December 12, 2024 | 3644.65 | -2.17% |
| December 13, 2024 | 3663.27 | -1.67% |
| December 14, 2024 | 3666.40 | -1.58% |
| December 15, 2024 | 3668.68 | -1.52% |
| December 16, 2024 | 3681.99 | -1.16% |
| December 17, 2024 | 3722.49 | -0.08% |
| December 18, 2024 | 3718.44 | -0.18% |
| December 19, 2024 | 3726.86 | 0.04% |
| December 20, 2024 | 3720.40 | -0.13% |
| December 21, 2024 | 3699.78 | -0.69% |
| December 22, 2024 | 3691.42 | -0.91% |
| December 23, 2024 | 3689.10 | -0.97% |
| December 24, 2024 | 3668.69 | -1.52% |
| December 25, 2024 | 3693.17 | -0.86% |
| December 26, 2024 | 3705.20 | -0.54% |
| December 27, 2024 | 3731.39 | 0.16% |
| December 28, 2024 | 3783.76 | 1.57% |
| December 29, 2024 | 3780.10 | 1.47% |
| December 30, 2024 | 3793.43 | 1.83% |
| December 31, 2024 | 3801.08 | 2.03% |
| January 01, 2025 | 3796.90 | 1.92% |
| January 02, 2025 | 3806.62 | 2.18% |
| January 03, 2025 | 3898.74 | 4.66% |
| January 04, 2025 | 4027.30 | 8.11% |
| January 05, 2025 | 4065.08 | 9.12% |
| January 06, 2025 | 4132.95 | 10.94% |
| January 07, 2025 | 4200.99 | 12.77% |
| January 08, 2025 | 4186.25 | 12.37% |
| January 09, 2025 | 4206.72 | 12.92% |
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.
Ethereum Price Outlook Between 2025 & 2029
| January | $3,510.45 | $3,819.01 | $3,664.73 | 52% |
| February | $3,386.91 | $3,854.25 | $3,620.58 | 50.2% |
| March | $3,263.36 | $3,889.50 | $3,576.44 | 48.3% |
| April | $3,139.82 | $3,924.75 | $3,532.29 | 46.5% |
| May | $3,016.28 | $3,959.99 | $3,488.14 | 44.7% |
| June | $2,892.74 | $3,995.24 | $3,443.99 | 42.8% |
| July | $2,769.19 | $4,030.49 | $3,399.84 | 41% |
| August | $2,645.65 | $4,065.73 | $3,355.69 | 39.2% |
| September | $2,522.11 | $4,100.98 | $3,311.55 | 37.4% |
| October | $2,398.57 | $4,136.23 | $3,267.40 | 35.5% |
| November | $2,275.02 | $4,171.47 | $3,223.25 | 33.7% |
| December | $2,151.48 | $4,206.72 | $3,179.10 | 31.9% |
| All Time | $2,830.96 | $4,012.86 | $3,421.92 | 41.9% |
| January | $2,407.69 | $4,304.08 | $3,437.09 | 42.6% |
| February | $2,663.90 | $4,401.43 | $3,695.08 | 53.3% |
| March | $2,920.11 | $4,498.79 | $3,953.08 | 64% |
| April | $3,176.32 | $4,596.15 | $4,211.07 | 74.7% |
| May | $3,432.53 | $4,693.50 | $4,469.06 | 85.4% |
| June | $3,688.74 | $4,790.86 | $4,727.05 | 96.1% |
| July | $3,944.95 | $4,888.22 | $4,985.04 | 106.8% |
| August | $4,201.16 | $4,985.57 | $5,243.03 | 117.5% |
| September | $4,457.37 | $5,082.93 | $5,501.03 | 128.2% |
| October | $4,713.58 | $5,180.29 | $5,759.02 | 138.9% |
| November | $4,969.79 | $5,277.64 | $6,017.01 | 149.6% |
| December | $5,226 | $5,375 | $6,275 | 160.3% |
| All Time | $3,816.85 | $4,839.54 | $4,856.05 | 101.4% |
| January | $5,417.25 | $5,571.75 | $6,513.75 | 170.2% |
| February | $5,608.50 | $5,768.50 | $6,752.50 | 180.1% |
| March | $5,799.75 | $5,965.25 | $6,991.25 | 190% |
| April | $5,991 | $6,162 | $7,230 | 199.9% |
| May | $6,182.25 | $6,358.75 | $7,468.75 | 209.8% |
| June | $6,373.50 | $6,555.50 | $7,707.50 | 219.7% |
| July | $6,564.75 | $6,752.25 | $7,946.25 | 229.6% |
| August | $6,756 | $6,949 | $8,185 | 239.5% |
| September | $6,947.25 | $7,145.75 | $8,423.75 | 249.4% |
| October | $7,138.50 | $7,342.50 | $8,662.50 | 259.3% |
| November | $7,329.75 | $7,539.25 | $8,901.25 | 269.2% |
| December | $7,521 | $7,736 | $9,140 | 279.1% |
| All Time | $6,469.13 | $6,653.88 | $7,826.88 | 224.6% |
| January | $7,771.92 | $8,001.25 | $9,467.83 | 292.7% |
| February | $8,022.83 | $8,266.50 | $9,795.67 | 306.3% |
| March | $8,273.75 | $8,531.75 | $10,123.50 | 319.9% |
| April | $8,524.67 | $8,797 | $10,451.33 | 333.5% |
| May | $8,775.58 | $9,062.25 | $10,779.17 | 347.1% |
| June | $9,026.50 | $9,327.50 | $11,107 | 360.7% |
| July | $9,277.42 | $9,592.75 | $11,434.83 | 374.3% |
| August | $9,528.33 | $9,858 | $11,762.67 | 387.9% |
| September | $9,779.25 | $10,123.25 | $12,090.50 | 401.5% |
| October | $10,030.17 | $10,388.50 | $12,418.33 | 415.1% |
| November | $10,281.08 | $10,653.75 | $12,746.17 | 428.7% |
| December | $10,532 | $10,919 | $13,074 | 442.3% |
| All Time | $9,151.96 | $9,460.13 | $11,270.92 | 367.5% |
| January | $10,940 | $11,331.17 | $13,534.75 | 461.4% |
| February | $11,348 | $11,743.33 | $13,995.50 | 480.5% |
| March | $11,756 | $12,155.50 | $14,456.25 | 499.6% |
| April | $12,164 | $12,567.67 | $14,917 | 518.7% |
| May | $12,572 | $12,979.83 | $15,377.75 | 537.8% |
| June | $12,980 | $13,392 | $15,838.50 | 556.9% |
| July | $13,388 | $13,804.17 | $16,299.25 | 576% |
| August | $13,796 | $14,216.33 | $16,760 | 595.1% |
| September | $14,204 | $14,628.50 | $17,220.75 | 614.3% |
| October | $14,612 | $15,040.67 | $17,681.50 | 633.4% |
| November | $15,020 | $15,452.83 | $18,142.25 | 652.5% |
| December | $15,428 | $15,865 | $18,603 | 671.6% |
| All Time | $13,184 | $13,598.08 | $16,068.88 | 566.5% |
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 Outlook Between 2030 & 2050
2030
2031
2032
2033
2040
2050
| January | $16,092.58 | $16,559.25 | $19,264.08 | 699% |
| February | $16,757.17 | $17,253.50 | $19,925.17 | 726.4% |
| March | $17,421.75 | $17,947.75 | $20,586.25 | 753.8% |
| April | $18,086.33 | $18,642 | $21,247.33 | 781.3% |
| May | $18,750.92 | $19,336.25 | $21,908.42 | 808.7% |
| June | $19,415.50 | $20,030.50 | $22,569.50 | 836.1% |
| July | $20,080.08 | $20,724.75 | $23,230.58 | 863.5% |
| August | $20,744.67 | $21,419 | $23,891.67 | 890.9% |
| September | $21,409.25 | $22,113.25 | $24,552.75 | 918.4% |
| October | $22,073.83 | $22,807.50 | $25,213.83 | 945.8% |
| November | $22,738.42 | $23,501.75 | $25,874.92 | 973.2% |
| December | $23,403 | $24,196 | $26,536 | 1000.6% |
| All Time | $19,747.79 | $20,377.63 | $22,900.04 | 849.8% |
| January | $24,169.83 | $24,997.58 | $27,711.08 | 1049.4% |
| February | $24,936.67 | $25,799.17 | $28,886.17 | 1098.1% |
| March | $25,703.50 | $26,600.75 | $30,061.25 | 1146.8% |
| April | $26,470.33 | $27,402.33 | $31,236.33 | 1195.6% |
| May | $27,237.17 | $28,203.92 | $32,411.42 | 1244.3% |
| June | $28,004 | $29,005.50 | $33,586.50 | 1293.1% |
| July | $28,770.83 | $29,807.08 | $34,761.58 | 1341.8% |
| August | $29,537.67 | $30,608.67 | $35,936.67 | 1390.5% |
| September | $30,304.50 | $31,410.25 | $37,111.75 | 1439.3% |
| October | $31,071.33 | $32,211.83 | $38,286.83 | 1488% |
| November | $31,838.17 | $33,013.42 | $39,461.92 | 1536.7% |
| December | $32,605 | $33,815 | $40,637 | 1585.5% |
| All Time | $28,387.42 | $29,406.29 | $34,174.04 | 1317.4% |
| January | $33,881.25 | $35,131.33 | $42,063 | 1644.6% |
| February | $35,157.50 | $36,447.67 | $43,489 | 1703.8% |
| March | $36,433.75 | $37,764 | $44,915 | 1762.9% |
| April | $37,710 | $39,080.33 | $46,341 | 1822.1% |
| May | $38,986.25 | $40,396.67 | $47,767 | 1881.2% |
| June | $40,262.50 | $41,713 | $49,193 | 1940.4% |
| July | $41,538.75 | $43,029.33 | $50,619 | 1999.5% |
| August | $42,815 | $44,345.67 | $52,045 | 2058.6% |
| September | $44,091.25 | $45,662 | $53,471 | 2117.8% |
| October | $45,367.50 | $46,978.33 | $54,897 | 2176.9% |
| November | $46,643.75 | $48,294.67 | $56,323 | 2236.1% |
| December | $47,920 | $49,611 | $57,749 | 2295.2% |
| All Time | $40,900.63 | $42,371.17 | $49,906 | 1969.9% |
| January | $49,768.50 | $51,484 | $59,820.33 | 2381.1% |
| February | $51,617 | $53,357 | $61,891.67 | 2467.1% |
| March | $53,465.50 | $55,230 | $63,963 | 2553% |
| April | $55,314 | $57,103 | $66,034.33 | 2638.9% |
| May | $57,162.50 | $58,976 | $68,105.67 | 2724.8% |
| June | $59,011 | $60,849 | $70,177 | 2810.7% |
| July | $60,859.50 | $62,722 | $72,248.33 | 2896.6% |
| August | $62,708 | $64,595 | $74,319.67 | 2982.5% |
| September | $64,556.50 | $66,468 | $76,391 | 3068.4% |
| October | $66,405 | $68,341 | $78,462.33 | 3154.3% |
| November | $68,253.50 | $70,214 | $80,533.67 | 3240.3% |
| December | $70,102 | $72,087 | $82,605 | 3326.2% |
| All Time | $59,935.25 | $61,785.50 | $71,212.67 | 2853.7% |
| January | $72,550.17 | $75,090.58 | $85,513 | 3446.8% |
| February | $74,998.33 | $78,094.17 | $88,421 | 3567.4% |
| March | $77,446.50 | $81,097.75 | $91,329 | 3688% |
| April | $79,894.67 | $84,101.33 | $94,237 | 3808.6% |
| May | $82,342.83 | $87,104.92 | $97,145 | 3929.2% |
| June | $84,791 | $90,108.50 | $100,053 | 4049.9% |
| July | $87,239.17 | $93,112.08 | $102,961 | 4170.5% |
| August | $89,687.33 | $96,115.67 | $105,869 | 4291.1% |
| September | $92,135.50 | $99,119.25 | $108,777 | 4411.7% |
| October | $94,583.67 | $102,122.83 | $111,685 | 4532.3% |
| November | $97,031.83 | $105,126.42 | $114,593 | 4652.9% |
| December | $99,480 | $108,130 | $117,501 | 4773.5% |
| All Time | $86,015.08 | $91,610.29 | $101,507 | 4110.2% |
| January | $102,603.75 | $110,953.42 | $120,084.17 | 4880.7% |
| February | $105,727.50 | $113,776.83 | $122,667.33 | 4987.8% |
| March | $108,851.25 | $116,600.25 | $125,250.50 | 5095% |
| April | $111,975 | $119,423.67 | $127,833.67 | 5202.1% |
| May | $115,098.75 | $122,247.08 | $130,416.83 | 5309.2% |
| June | $118,222.50 | $125,070.50 | $133,000 | 5416.4% |
| July | $121,346.25 | $127,893.92 | $135,583.17 | 5523.5% |
| August | $124,470 | $130,717.33 | $138,166.33 | 5630.7% |
| September | $127,593.75 | $133,540.75 | $140,749.50 | 5737.8% |
| October | $130,717.50 | $136,364.17 | $143,332.67 | 5844.9% |
| November | $133,841.25 | $139,187.58 | $145,915.83 | 5952.1% |
| December | $136,965 | $142,011 | $148,499 | 6059.2% |
| All Time | $119,784.38 | $126,482.21 | $134,291.58 | 5470% |
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: Predicting Next ATH Target for ETH
Ethereum price shows that its 2024’s lackluster performance ended on November 20. Since this point, ETH has shot up nearly 35% and set up a local top at $4,091. Following this uptrend was a 14% correction that formed a local bottom around $3,515. Drawing a trend line connecting the aforementioned swing points shows the formation of an uptrending parallel channel. So far, Ether has tagged twice at the bottom and two at the top and is currently retesting the midpoint of the parallel channel’s midpoint at $3,936 after a 12% rally.
The next target for Ethereum price is the upper limit of the parallel channel at $4,314. From a theoretical standpoint, however, the technical formation should be doubled, which puts the target at $5,274, well above the $4,878 all-time high.
If buyers fail to push Ethereum price higher with Bitcoin collapsing like it did a few days ago then, ETH could reject from the parallel channel’s midpoint and revisit the lower limit at $3,870 support level. A breakdown of this level could send ETH down to $3,000 psychological level.
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