On September 15, 2022, the Ethereum network underwent a significant transformation, transitioning from the energy-intensive proof-of-work mining model to the more sustainable proof-of-stake model.

This anticipated change resulted in an impressive 99.95% reduction in energy consumption, marking a pivotal moment for environmental sustainability in the blockchain industry.

Ethereum has recently demonstrated noteworthy growth, currently trading at $1,803. Over the past 24 hours, it has experienced a 1% increase in value.

Looking at the broader picture, ETH has seen a 10% surge in the last seven days and a notable 15.9% rise in the last 14 days. As we assess the landscape, let’s explore the price prediction for Ethereum in November 2023.

Ethereum price prediction for November 2023

Changelly’s cryptocurrency experts have provided their November 2023 price predictions for Ethereum (ETH). They anticipate a price range between a minimum of $1,779 and a maximum of $1,999, with the average price expected to be around $1,889.

It’s important to note that these predictions are subject to market sentiment, and external factors such as the SEC’s decision on a Bitcoin ETF approval could potentially influence market dynamics. A bullish market trend may result in a significant increase in ETH’s price.

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