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Buy ETH, USDC, USDT, PEPE, QNT, SHIB, BONE, GALA, MATIC, BAT, NXRA and more in a minute or less The drop in Bitcoin can be a double whammy for Bitcoin miners. First, they make their revenue in Bitcoin as compensation for providing mining services to the network. So when Bitcoin goes down, their revenue goes down as well without any real offset to their costs. Given the high levels of fixed try here cost associated with mining, we could see net income drop dramatically if the current Bitcoin trend continues. Ethereum is recovering from the long bearish events in 2023. As per our price prediction, Ethereum can reach a maximum price level of $3,529.21 by 2023. As the market is returning to the bullish pattern, there are speculations that the performance of ETH may improve this year. The average price of Ethereum can be around $2,694.74 in 2023 if the current growth continues. However, if there is any bearish trend the minimum price of the Ethereum can be down up to $1,953.02 this year. If there is a good bull rally in 2023, the prices of ETH may cross our forecast.