Artificial Intelligence Determines the Price of Ethereum Cryptocurrency as of March 1

Over the past few weeks, the cryptocurrency sector has been under increased regulatory pressure. However, the difficult times did not prevent the leading cryptocurrencies from demonstrating positive dynamics of value growth. This also applied to Ethereum (ETH).

Analysts at Finbold used the PricePredictions machine learning algorithm to determine the Ethereum rate as of March 1, 2023. Artificial intelligence predicted that the leading altcoin would cost $ 1,747.

At the moment, Ethereum is showing a slight dip compared to the previous day’s figures. The asset is trading at $ 1,680 with a market capitalization of $ 202.5 billion. In general, the cryptocurrency has grown by 12.4% over the past seven days.

The next month will be important for the Ethereum network, as the Shanghai hard fork, the next major blockchain update after the transition to PoS, will be launched in March. According to ETH developers, the innovation will change the EVM (Ethereum virtual machine) format, add the ability to withdraw funds from the Beacon Chain, and reduce the commission by 2 percent.

PricePredictions also predicted the price of the flagship crypto asset. According to the artificial intelligence, on the first day of spring, BTC will be traded for $ 24,934. It should be added that at the time of writing, bitcoin is worth $ 24,703.