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 another major upgrade set to go live in the coming months.
Ethereum has displayed decent growth recently. It is trading at $2,463 at press time, with a 6.7% surge in value over the last seven days. ETH is up by 50.7% year-to-year. With Valentine’s Day right around the corner, let us look at the price prediction for Ethereum for the day of love.
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Ethereum price prediction for Valentine’s Day
Cryptocurrency experts at Changelly have predicted the price of ETH for Valentine’s Day. According to the analysts, ETH is forecast to reach a minimum of $2,428 and a maximum of $2,695. The average price of Ethereum is expected to be $2,695 on February 14, 2024.
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However, the price prediction can vary greatly depending on market sentiment. Nevertheless, if the market proves to be bullish moving forward, ETH’s price can shoot up.