The Ethereum network underwent a dramatic transition from the proof-of-work mining model to the proof-of-stake model on September 15, 2022. With an astounding 99.95% decrease in energy use, this much-anticipated change has ushered in a new era of sustainability and environmental friendliness in the blockchain sector.
Ethereum has displayed notable growth recently. It is trading at $2,819 at press time, with a 15% surge in value over the last seven days. ETH is up by 67% year-to-year. Let us look at the price prediction for Ethereum for February-end.
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Ethereum price prediction for February-end
Cryptocurrency experts at Changelly have predicted the price of ETH for the end of February. According to the analysts, ETH is forecast to reach a minimum of $2,880 and a maximum of $2,960. The average price of Ethereum is expected to be $2,930.
However, the predictions suggest that ETH may hit $3,000 in March. With a major upgrade and the expectations of an ETH ETF, the price of ETH has been surging. Ethereum has surged by almost 15% in the last seven days.
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With Bitcoin eyeing further highs, the likelihood of ETH hitting $3,000 is greater. However, the chances of that happening in February are meager.
