An ETF on ETH could enter the U.S. market by July 2. Before this, the altcoin showed growth but then began to decline, accompanied by increased network activity.
Over the past three months, the number of active ETH addresses reached a peak of 617,170 (according to Martinez).
Analysts from Mechanism Capital predict a 30% drop in Ethereum to the $2,400 level after the ETF launch.
After the decline, analysts believe ETH will remain in a sideways trend within the $2,400 – $3,000 range.
Previously, ETH rose above $4,000 amidst Bitcoin reaching a new all-time high.
ETH will maintain its correlation with Bitcoin. If the leading cryptocurrency hits $100,000, Ethereum will reach a new all-time high within the next 12 months.
Additionally, the use of Ethereum as a platform for asset tokenization is increasing the demand for ETH.
