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 $3,342 at press time, with a 15% surge in value over the last seven days. ETH is up by 46% year-to-date. Let us look at the price prediction for Ethereum for this weekend and how high it can go.
Also read: Binance Coin Hits $400 After Bitcoin Surge: Here’s How High BNB Can Go.
Ethereum price prediction for February-end
Cryptocurrency experts at Changelly have predicted the price of ETH for the weekend. According to the analysts, ETH is forecast to reach a minimum of $3,428 and a maximum of $3,447. The average price of Ethereum is expected to be $3,422.
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. Ethereum has surged past the $3,300 level and is eyeing $4,000 next. According to CoinMarketCap data, ETH is trading at $3,345 at press time.
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With Bitcoin eyeing further highs, the likelihood of ETH hitting the next level is greater. However, the chances of that happening in February or this weekend should be something worth waiting for and watching.