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 decent growth recently. It is trading at $1,803 at press time, with a 1% surge in value over the last 24 hours. ETH is up by 10% in the last seven days and 15.9% in the last 14 days. Let us look at the price prediction for Ethereum for November 2023.
Also read: Solana (SOL) Price Prediction: November 2023
Ethereum price prediction for November 2023
Cryptocurrency experts at Changelly have predicted the price of ETH for November 2023. According to the analysts, ETH is forecast to reach a minimum of $1,779 and a maximum of $1,999. The average price of Ethereum is expected to be $1,889.
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This can vary greatly depending on market sentiment. The SEC’s much-awaited decision on a Bitcoin ETF approval can likely trigger a market push. Nevertheless, if the market proves to be bullish moving forward, ETH’s price can shoot up.