Ethereum Price Prediction - Why ETH Is Ready for the Fightback and You Need to Buckle Up

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Ethereum is the second most valuable crypto project behind Bitcoin. The protocol enables the development of several decentralised solutions and apps and directly impacts music, gaming, entertainment, and decentralised finance (DeFi). However, it has not enjoyed a smooth sail in this year's second half.

What are the possible turning points for Ether’s price, and what crypto asset is the best investment for now? Continue reading to find out.

The Ethereum network recently completed its transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus algorithm. This is the first step in the series of network changes included in its Ethereum 2.0 roadmap. The immediate effect is even much more worthwhile for ESG-minded investors.

Environmental, societal, and governance (ESG) factors have been a bottleneck in the wide adoption of cryptocurrencies. While digital assets come with multiple benefits their energy-guzzling validator systems have deterred environmental activists and entire governments from supporting the emerging industry. Asian giant, China outrightly banned the mining of cryptocurrencies in its Inner Mongolia regions and Mainland China due to the energy demands that they come with as the country worked on attaining its climate change goals. This was due to the PoW algorithm Bitcoin, and Ethereum relied on.

Now that Ethereum has switched to PoS following the Merge, Ethereum's energy consumption has been slashed by 99%. Speaking on this momentous event, Ethereum's principal developer, Vitalik Buterin, said the transition has basically solved 0.2% of the world's energy