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Yet a successful network upgrade and a rosier economic outlook have ethereum on the upswing again in 2023. Regardless of ethereum’s volatile price swings, Mark Fidelman, founder of Fanatics Media and SmartBlocks DeFi, says ethereum stands alone outside of bitcoin as the biggest success in the crypto space in the past decade. What is the current price of ethereum Ethereum has had an eventful 2021. To simplify the latest ETH price prediction, we have divided up the prediction by short term Ethereum price prediction and long term Ethereum price prediction. As of writing this article, ETH had a trading volume of $4,918,532,924. Ethereum has gone down by -11.68% in the past 30 days.
Currently, Ethereum is facing a double-top trend resistance in the range of $1,922 to $1,925. The appearance of an inverted hammer candlestick pattern below the $1,925 level indicates a potential weakening of the bullish strength, suggesting that buyers might be nearing exhaustion. Ethereum (ETH) Price Analysis The switch from proof-of-work to proof-of-stake has cut Ethereum's energy usage by 99%. However, the impact this has on global energy consumption and climate change may be limited since the computers previously used for mining ether may be used to mine other cryptocurrencies that are energy-intensive.
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