Ethereum (ETH-USD) price predictions are on the minds of investors today as they prepare for the upcoming Merge this week.
The Ethereum merge will see the blockchain switch from its current proof-of-work concept. Replacing that will be a proof-of-stake concept. This will change how transactions are handled and could benefit the crypto.
First off, miners won’t be handling transactions anymore with the proof-of-work concept gone. While that may seem like a negative, the change is expected to massively increase the speed of transactions. Adding to that, traders will likely see reduced gas fees when trading the crypto.
This news has many investors excited about the future of Ethereum. So much so that even Google is tracking the merge event with a countdown clock. The Merge is set to take place on Thursday, by the way.
With that news covered, let’s get into the latest price predictions for ETH below!
Ethereum Price Predictions
- Our ETH price predictions start with Gov Capital and its one-year estimate of $4,089.30 for the crypto.
- Next on our list is WalletInvestor and its one-year forecast of $2,836.45 per token.
- Finally, we have DigitalCoinPrice with its average price prediction of $3,591.42 for Ethereum in 2023.
All of those price predictions for Ethereum are incredibly bullish when taking into account the crypto was trading for $1,591.66 as of this writing. Investors will also note that ETH is down 8% over the previous 24-hour period as of this writing.
Investors looking for more of the latest news surrounding the Ethereum Merge are in luck!
We’ve got all of the latest coverage traders need to know about the crypto catalyst! That includes price predictions for ETH-based Shiba Inu (SHIB-USD), cryptos to watch when the Merge happens, and more! You can read up on all of that news at the following links!
More Crypto News for Tuesday
- Shiba Inu Price Predictions: What Will the Ethereum Merge Mean for SHIB Crypto?
- 7 Cryptos to Watch on the Eve of the ‘Merge’
- What Is Crypto Mining? Here’s What to Know.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.