Ethereum (ETH) worth trades right now at $3,116.2 as of 9 AM. Ether costs hit a each day excessive of $3,150.0 right now after rising 0.36% on November 16.
Why is Ethereum Value Rising Right now?
After crashing 11% prior to now three days, Ethereum worth is up 1.40% right now and trades at $3,042. As of Novemeber 16, there are promising indicators of that the worth of ETH might proceed heading greater and tag key resistance ranges.
Ethereum Value Chart
*Ethereum worth up to date as of 9 AM.
Ethereum’s modern good contract expertise has made it a standout altcoin since its inception in 2015. Steady main community upgrades guarantee Ethereum stays forward in good contract innovation. The newest improve, Cancun, launched on March 13, 2024.
Ethereum Value & Historic Information
The year-to-date (YTD) efficiency of ETH continues to extend and presently sits at 33%. Ths latest droop in Bitcoin worth has affected the YTD positive factors, which has dropped from 50% since November 11. As of November 16, 2024, when you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, can be up roughly $3,317. Regardless Ethereum’s market capitalization stands at $375.2 billion.
Ethereum is the Second-Largest Crypto By Market Cap
Ethereum ranks second in market capitalization, valued at $375.2 billion, after Bitcoin’s $1.73 trillion. Collectively, BTC & ETH’s market capitalization constitutes 83% of the whole crypto market cap.
Since its all-time excessive of $571 billion in November 2021, Ethereum’s worth decreased by half in October, however has spiked just lately attributable to Bitcoin’s new ATH. Nonetheless, Ethereum maintains a powerful lead over different widespread cryptocurrencies:
- Solana (SOL): $98.8 billion
- Ripple (XRP): $89.8 billion
- BNB (BNB): $91.0 billion
Regardless of this latest downtick and restoration, the 24-hour buying and selling quantity of Ethereum is $30.1 billion.
Ethereum’s Crypto Buying and selling Quantity Stays Excessive
The 24-hour buying and selling quantity of Ethereum is $30.1 billion. Binance is the most important contributer to this buying and selling quantity – about 11% is contributed by spot buying and selling and almost 40% from futures buying and selling. Exchanges like OKX, Bitget, ByBit observe Binance.
Ethereum Upgrades to a PoS Blockchain
The London onerous fork is a major Ethereum blockchain improve. It modified the community from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin just lately shared his thoughts on X (previously Twitter). He defined how Proof-of-Stake (PoS) is extra decentralized than Proof-of-Work (PoW).
Vital Ethereum Blockchain Upgrades in The Previous 5 Years
Listed here are some key upgrades prior to now 5 years that formed Ethereum because the second-largest crypto by market capitalization.
2024
- Cancun-Deneb (“Dencun”)
2023
- Shanghai-Capella (“Shapella”)
2022
- Paris (The Merge)
- Bellatrix
- Grey Glacier
2021
- Arrow Glacier
- Altair
- London
- Berlin
2020
- Beacon Chain genesis
- Staking deposit contract deployed
- Muir Glacier
ETH Fuel & How It Influences Ethereum Value
the blockchain upgrades that Ethereum receives goals to resolve the trilemma of blockchain i.e., balancing decentralization, safety, and scalability. The change to Proof-of-Stake (PoS) enhanced these features. Submit-upgrade, Ethereum’s transaction charges (fuel charges) plummeted, drawing extra buyers. Fuel charges are like taxes, measured in Gwei, required for safe transactions.
As of November 16, the fuel payment for a transaction on the ETH community as of 9 AM is 15.84 Gwei.
When Ethereum’s on-chain worth grows, presenting alternatives, buyers flock, driving fuel charges up. This usually happens throughout market upswings, peaking at all-time highs.
Ethereum Value Prediction & Tendencies
Regardless of the continuing uptrend in Bitcoin, Ethereum continues to lag behind BTC and different cryptos, with solely a choose few altcoins taking pictures greater. If ETH manages to interrupt out of this droop, it might set off a rally towards $3,500.
Ethereum costs 2024
As of ‘November 16, listed below are some widespread cryptocurrencies’ price-performance comparisons. The one-month efficiency exhibits Ether is up 15.37%, whereas year-to-date returns present ETH at 31.38%
As seen from the above year-to-date (YTD) worth efficiency chart, Ethereum is clearly the worst-performing asset when paired with DOGE, SUI, SOL, and even BTC.
Ethereum Value Outlook For Subsequent Week
| Date | Value | Change |
|---|---|---|
| November 16, 2024 | $3,104.51 | 0.29% |
| November 17, 2024 | $3,128.35 | 1.06% |
| November 18, 2024 | $3,151.17 | 1.8% |
| November 19, 2024 | $3,187.88 | 2.99% |
| November 20, 2024 | $3,207.70 | 3.63% |
Based mostly on CoinGagpe’s Ethereum worth predictions, buyers can anticipate ETH to commerce round $3,300, a close to 6% uptick within the subsequent week. In a month, Ether could possibly be barely decrease at $2,800, barely greater than from every week in the past.
Ethereum Value Forecast Between 2025 & 2029
| January | $2,465.41 | $3,452.82 | $2,959.12 |
22.7% |
| February | $2,463.79 | $3,589.18 | $3,026.49 |
25.5% |
| March | $2,462.16 | $3,725.55 | $3,093.86 |
28.3% |
| April | $2,460.53 | $3,861.92 | $3,161.23 |
31.1% |
| Could | $2,458.90 | $3,998.28 | $3,228.60 |
33.9% |
| June | $2,457.28 | $4,134.65 | $3,295.97 |
36.7% |
| July | $2,455.65 | $4,271.02 | $3,363.33 |
39.5% |
| August | $2,454.02 | $4,407.38 | $3,430.70 |
42.3% |
| September | $2,452.39 | $4,543.75 | $3,498.07 |
45.1% |
| October | $2,450.77 | $4,680.12 | $3,565.44 |
47.9% |
| November | $2,449.14 | $4,816.48 | $3,632.81 |
50.7% |
| December | $2,447.51 | $4,952.85 | $3,700.18 |
53.5% |
| All Time | $2,456.46 | $4,202.83 | $3,329.65 |
38.1% |
| January | $2,679.05 | $4,988.03 | $3,914.75 |
62.4% |
| February | $2,910.59 | $5,023.21 | $4,129.32 |
71.3% |
| March | $3,142.13 | $5,058.39 | $4,343.89 |
80.2% |
| April | $3,373.67 | $5,093.57 | $4,558.45 |
89.1% |
| Could | $3,605.21 | $5,128.75 | $4,773.02 |
98% |
| June | $3,836.76 | $5,163.93 | $4,987.59 |
106.9% |
| July | $4,068.30 | $5,199.10 | $5,202.16 |
115.8% |
| August | $4,299.84 | $5,234.28 | $5,416.73 |
124.7% |
| September | $4,531.38 | $5,269.46 | $5,631.30 |
133.6% |
| October | $4,762.92 | $5,304.64 | $5,845.86 |
142.5% |
| November | $4,994.46 | $5,339.82 | $6,060.43 |
151.4% |
| December | $5,226 | $5,375 | $6,275 |
160.3% |
| All Time | $3,952.53 | $5,181.51 | $5,094.87 |
111.3% |
| 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% |
| Could | $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% |
| Could | $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% |
| Could | $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 a long-term outlook between 2025 and 2029, Ethereum worth will finish its ongoing droop and kickstart a bull rally. Based mostly on Coingape’s forecasts, Ether costs might hover between $2,500 and $2,700 in 2025, however go as excessive as $22,900 in 2030.
Ethereum Costs Forecast 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% |
| Could | $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% |
| Could | $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% |
| Could | $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% |
| Could | $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% |
| Could | $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% |
| Could | $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% |
Betweem 2023 and 2050, Ethereum worth will more than likely observe the bullish outlook and goal for the six-digit territory. The best worth of Ether in 2050 primarily based on CoinGape forecasts is $126,482.21.
Ethereum Value Lags as BTC and SOL Out carry out ETH
ETH continues to be a worst performer in comparison with its friends like Solana, Shiba Inu, Dogecoin and so forth. Nevertheless prior to now three months this bearish outlook has not modified. BTC’s three-month yields stand at 49.21% however SUI takes the primary spot with 260.75% positive factors and DOGE is available in at second with a return of 260.35%.
APT, TIA, SOL observe SUI and DOGE as the following finest performers.
Right here’s Why Ethereum Value is Disappointing Customers in 2024
The introduction of spot Bitcoin ETFs has decreased Ethereum’s volatility, making it extra enticing to conventional buyers. Nevertheless, Ethereum’s comparatively secure costs following its ETF launch could also be attributed to a scarcity of a compelling story for conventional buyers. Moreover, Solana has skilled a notable resurgence in 2024, drawing buyers with its potential to surpass Ethereum. Solana’s excessive transaction capability, low charges, and meme coin launches have additionally redirected liquidity away from Ethereum, inflicting buyers to desire Solana over the slower and dearer Ethereum blockchain.
Given these components, it’s not sudden that Ethereum’s worth has trailed behind BTC.
Ethereum ETFs & Their Tiny Influence on ETH Value
The launch of Bitcoin spot ETF paved approach for elevated crypto regulatory enchancment. This was adopted by the introduction of spot Ethereum ETFs. Not like BTC ETF, ETH ETF has not positively impacted ETH worth.
Whereas the spot Bitcoin ETF kickstarted BTC bull run Ether costs remained comparatively lull and displayed lackluster efficiency after the ETF launch. Solely after Bitcoin worth blew previous the $75,000 degree, the ETH spot ETF noticed a substantial uptick.
As of November 16, the cumulative spot Ethereum ETF flows hover round $485.28 million. The each day ETF stream as of November 15 stands at -$3.24 million.
If Bitcoin worth blasts previous $93K, Ethereum worth might additionally observe suite.
