What to Expect from ETH in December

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Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at $3,679.9 as of 1 PM. Surprisingly, ETH performance during the recent crash is much better than most altcoins. Regardless, Ethereum prices today hit a daily high of $3,719.0 after 2.17% move on November 30.

Why is Ethereum Price Rising Today?

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 todayeth price today

*Ethereum price updated as of 1 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 30, 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 $443.2 billion.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $443.2 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 $34.2 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $34.2 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 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.

  • 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:

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 30, the gas fee for a transaction on the ETH network as of 1 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 Next 7 Days

Date Price Change
November 30, 2024 3542.91 -1.64%
December 01, 2024 3580.56 -0.6%
December 02, 2024 3588.80 -0.37%
December 03, 2024 3580.10 -0.61%
December 04, 2024 3591.00 -0.31%
December 05, 2024 3583.54 -0.51%
December 06, 2024 3575.13 -0.75%
December 07, 2024 3582.58 -0.54%
December 08, 2024 3580.90 -0.59%
December 09, 2024 3568.73 -0.93%
December 10, 2024 3551.28 -1.41%
December 11, 2024 3553.33 -1.35%
December 12, 2024 3539.50 -1.74%
December 13, 2024 3550.54 -1.43%
December 14, 2024 3569.57 -0.9%
December 15, 2024 3572.79 -0.81%
December 16, 2024 3575.23 -0.75%
December 17, 2024 3589.17 -0.36%
December 18, 2024 3630.48 0.79%
December 19, 2024 3626.42 0.68%
December 20, 2024 3634.97 0.91%
December 21, 2024 3628.19 0.72%
December 22, 2024 3607.07 0.14%
December 23, 2024 3598.51 -0.1%
December 24, 2024 3595.97 -0.17%
December 25, 2024 3575.34 -0.74%
December 26, 2024 3600.43 -0.05%
December 27, 2024 3612.94 0.3%
December 28, 2024 3640.13 1.06%
December 29, 2024 3693.56 2.54%

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

January $3,656.03 $3,918.45 $3,787.25

57.1%

February $3,573.55 $4,143.35 $3,858.45

60%

March $3,491.06 $4,368.24 $3,929.66

63%

April $3,408.58 $4,593.13 $4,000.86

65.9%

May $3,326.10 $4,818.03 $4,072.07

68.9%

June $3,243.62 $5,042.92 $4,143.27

71.8%

July $3,161.13 $5,267.81 $4,214.48

74.8%

August $3,078.65 $5,492.71 $4,285.68

77.8%

September $2,996.17 $5,717.60 $4,356.89

80.7%

October $2,913.69 $5,942.49 $4,428.09

83.7%

November $2,831.20 $6,167.39 $4,499.30

86.6%

December $2,748.72 $6,392.28 $4,570.50

89.6%

All Time $3,202.37 $5,155.37 $4,178.87

73.3%

January $2,955.16 $6,307.51 $4,712.54

95.5%

February $3,161.60 $6,222.73 $4,854.58

101.4%

March $3,368.04 $6,137.96 $4,996.63

107.2%

April $3,574.48 $6,053.19 $5,138.67

113.1%

May $3,780.92 $5,968.41 $5,280.71

119%

June $3,987.36 $5,883.64 $5,422.75

124.9%

July $4,193.80 $5,798.87 $5,564.79

130.8%

August $4,400.24 $5,714.09 $5,706.83

136.7%

September $4,606.68 $5,629.32 $5,848.88

142.6%

October $4,813.12 $5,544.55 $5,990.92

148.5%

November $5,019.56 $5,459.77 $6,132.96

154.4%

December $5,226 $5,375 $6,275

160.3%

All Time $4,090.58 $5,841.25 $5,493.77

127.9%

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 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%

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 Rallies As Sell Signals Emerge

Ethereum price flashes a sell signal on the daily chart due to the non-conformity between the price and the Relative Strength Index (RSI). When the price produces higher highs and RSI sets up lower highs, it denotes that momentum is lacking. Such moves are often undone as reality hits. ETH is in such a situation where the hype has not died down. Most investors assume that this is a show of strength after months of lackluster performance.

ETH/USDT 1-day ChartETH/USDT 1-day ChartETH/USDT 1-day Chart

While it may be true, the on-chain metric reveals that it might not be the case.

Santiment’s 30-day Market Value to Realized Value (MVRV) indicator hints that unrealized profits are climbing and could pose a threat. This index tracks the average profit/loss of investors who purchased ETH in the past month. A high positive value shows that many investors are sitting on unrealized profits, which is a sell signal. These investors cover their gains by selling, triggering a correction. 

For Ethereum price, the 30-day MVRV hitting 13% to 22% is that danger zone, where price has often reversed in the past year repeatedly. Now that this indicator is inside this zone, it likely adds to the bearish divergence sell signal and hints that it could resolve, leading to a correction.

All in all, investors can expect ETH to correct in November or early December. For the rest of the year, aka in December, ETH will most likely kickstart an uptrend to $4,000 and be a top contender to most altcoins and eye a retest of $5,000.

ETH 30-day MVRV ChartETH 30-day MVRV ChartETH 30-day MVRV Chart

If it is strength that ETH is displaying, then there shouldn’t be a correction and should see Ethereum price climb higher. A retest of $4,000 psychological level should be next and would invalidate this short-term bearish thesis. 





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