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 $3,104 at press time, with a 6.6% surge in value over the last seven days. ETH is up by 94% year-to-year. Let us look at the price prediction for Ethereum for March.
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Ethereum price prediction for March
Cryptocurrency experts at Changelly have predicted the price of ETH for March. According to the analysts, ETH is forecast to reach a minimum of $2,909 and a maximum of $3,207. The average price of Ethereum is expected to be $3,058.
However, the predictions suggest that ETH may hit $3,200 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 37% in the last 30 days.
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With Bitcoin eyeing further highs, the likelihood of ETH sustaining $3,000 is greater. However, the chances of that happening in March are higher, according to the predictions.