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.
Also read: Cryptocurrency: 3 Coins That Could Surge in March
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.
Also read: Ripple Could Hit $7 If XRP Does This: Analyst
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.
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