🪙 Ethereum (ETH) Price Update: November 19, 2024
Ethereum is currently trading at $3,105.32, showing a 1.1% increase in the past 24 hours but a 5.79% decline over the past week. Over the last month, ETH has risen by over 17%, supported by ecosystem developments and growing institutional interest 🥔
⚔️ The upcoming “Dencun” upgrade, including Proto-Danksharding (EIP-4844), aims to enhance scalability and reduce transaction costs. Meanwhile, the launch of spot Ethereum ETFs has boosted access for traditional investors, driving long-term demand .
☺️ Short-term projections place Ethereum’s price between $3,150 and $3,250, though market volatility remains a key factor .
Ethereum's current price is $3,336.47 per ETH, with a market capitalization of $401.6 billion. This represents a 7.57% increase in the last 24 hours and a 3.22% increase over the past week. The circulating supply of Ethereum is approximately 120.4 million ETH.
Looking at the bigger picture, Ethereum's price has increased by 25.10% in the past month and by 73.19% in the past year. The all-time high for Ethereum was $4,891.70, reached in November 2021.
Price Predictions:
- Optimistic Low for Q4 2024: $2,500
- Optimistic High for Q4 2024: $3,400
Keep in mind that cryptocurrency prices can be highly volatile, and predictions are subject to change. For the latest updates and more detailed analysis, I recommend checking out Binance..