Despite the recent Bitcoin crash, Ethereum (ETH) price today trades at $3,871.7 as of 10 PM, which is a show of strength. Surprisingly, ETH performance during the recent crash is much better than most altcoins. Regardless, Ethereum prices today hit a daily high of $3,892.3 after 7.14% move on December 5. If this outlook continues, Ether could push toward $4,000 while investors await for Bitcoin price to hit $100k. But Can Ethereum hit $5,000, especially if Bitcoin hits $150k?
Ethereum Price Today: ETH Delays Sell Signal
Ethereum price performance relative to its peers is a display of strength. Despite ETH’s bearish divergence it is up today. Regardless, ETH’s new-found bullishness is a paradigm shift that also hints at an end of 2024’s boring performance.
From a short-term outlook, ETH price looks to extend its gains if BTC continues its sideways movement. Let’s explore this in the later section of this article.
Ethereum Price Chart Today
*Ethereum price updated as of 10 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 December 5, 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 $465.6 billion.
Ethereum: The Second-Largest Crypto By Market Cap
Ethereum ranks second in market capitalization, valued at $465.6 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 $59.2 billion.
Ethereum’s Crypto Trading Volume Soars
The 24-hour trading volume of Ethereum is $59.2 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 Morphs 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).
Key Ethereum Blockchain Upgrades in the Past 5 Years
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 & It’s Effect on 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 December 5, the gas fee for a transaction on the ETH network as of 10 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 Next Week
| Date | Price | Change |
|---|---|---|
| December 04, 2024 | 3583.75 | 0.99% |
| December 05, 2024 | 3575.76 | 0.76% |
| December 06, 2024 | 3566.71 | 0.51% |
| December 07, 2024 | 3574.72 | 0.73% |
| December 08, 2024 | 3572.95 | 0.69% |
| December 09, 2024 | 3559.93 | 0.32% |
| December 10, 2024 | 3541.17 | -0.21% |
| December 11, 2024 | 3543.42 | -0.15% |
| December 12, 2024 | 3528.53 | -0.57% |
| December 13, 2024 | 3540.33 | -0.23% |
| December 14, 2024 | 3560.77 | 0.34% |
| December 15, 2024 | 3564.22 | 0.44% |
| December 16, 2024 | 3566.80 | 0.51% |
| December 17, 2024 | 3581.65 | 0.93% |
| December 18, 2024 | 3626.04 | 2.18% |
| December 19, 2024 | 3621.66 | 2.06% |
| December 20, 2024 | 3630.86 | 2.32% |
| December 21, 2024 | 3623.64 | 2.11% |
| December 22, 2024 | 3600.98 | 1.47% |
| December 23, 2024 | 3591.79 | 1.22% |
| December 24, 2024 | 3589.12 | 1.14% |
| December 25, 2024 | 3566.88 | 0.51% |
| December 26, 2024 | 3593.81 | 1.27% |
| December 27, 2024 | 3607.16 | 1.65% |
| December 28, 2024 | 3636.21 | 2.47% |
| December 29, 2024 | 3693.62 | 4.09% |
| December 30, 2024 | 3689.69 | 3.97% |
| December 31, 2024 | 3704.36 | 4.39% |
| January 01, 2025 | 3712.73 | 4.62% |
| January 02, 2025 | 3708.19 | 4.5% |
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 | $3,417.68 | $3,695.21 | $3,556.45 | 47.5% |
| February | $3,306.83 | $3,696.81 | $3,501.82 | 45.2% |
| March | $3,195.98 | $3,698.40 | $3,447.19 | 43% |
| April | $3,085.13 | $3,699.99 | $3,392.56 | 40.7% |
| May | $2,974.28 | $3,701.58 | $3,337.93 | 38.4% |
| June | $2,863.43 | $3,703.18 | $3,283.31 | 36.2% |
| July | $2,752.57 | $3,704.77 | $3,228.68 | 33.9% |
| August | $2,641.72 | $3,706.36 | $3,174.05 | 31.6% |
| September | $2,530.87 | $3,707.95 | $3,119.42 | 29.4% |
| October | $2,420.02 | $3,709.55 | $3,064.79 | 27.1% |
| November | $2,309.17 | $3,711.14 | $3,010.16 | 24.9% |
| December | $2,198.32 | $3,712.73 | $2,955.53 | 22.6% |
| All Time | $2,808 | $3,703.97 | $3,255.99 | 35% |
| January | $2,450.63 | $3,851.25 | $3,232.15 | 34.1% |
| February | $2,702.93 | $3,989.78 | $3,508.78 | 45.5% |
| March | $2,955.24 | $4,128.30 | $3,785.40 | 57% |
| April | $3,207.55 | $4,266.82 | $4,062.02 | 68.5% |
| May | $3,459.85 | $4,405.34 | $4,338.64 | 80% |
| June | $3,712.16 | $4,543.87 | $4,615.27 | 91.4% |
| July | $3,964.47 | $4,682.39 | $4,891.89 | 102.9% |
| August | $4,216.77 | $4,820.91 | $5,168.51 | 114.4% |
| September | $4,469.08 | $4,959.43 | $5,445.13 | 125.8% |
| October | $4,721.39 | $5,097.96 | $5,721.76 | 137.3% |
| November | $4,973.69 | $5,236.48 | $5,998.38 | 148.8% |
| December | $5,226 | $5,375 | $6,275 | 160.3% |
| All Time | $3,838.31 | $4,613.13 | $4,753.58 | 97.2% |
| 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.
Can Ethereum Price Hit $5,000 if BTC Touches $150K?
The recent sideways movement in Bitcoin, as mentioned above, has allowed altcoins to run wild. Amid this phase of the bull cycle, Ethereum has emerged as a strong coin as it failed to be influenced by the recent 8% crash in BTC. This paradigm shift could help ETH scale higher in two particular scenarios – if Bitcoin continues its sideways movement and during a BTC-led uptrend.
Assuming, Bitcoin ends its rangebound movement and kickstarts an uptrend, starting second week, then Ethereum price could follow its path. If Bitcoin price shatters the $100K level and hits $150K, it will be a significant achievement for the largest crypto by market cap. Under these bullish conditions only a select few coins will be able to keep up. Ethereum is one such crypto.
Considering the recent show of strength coupled with Bitcoin’s run up to $150K, Ethereum is highly likely to hit $5,000. This move would constitute 35% rally and isn’t unheard of in the cryptocurrency ecosystem.
On the contrary, if Ethereum price fails to hold $3,352 with Bitcoin sliding lower, it would suggest that the bullish outlook would be unlikely to unfold. Such a development could suggest ETH could crash 14% to tag the next key support level of $3,000 or $2,886.
Source: https://coingape.com/ethereum-eth-price-today-04-december-2024/