Ethereum (ETH) seems to have lost the touch. The second largest crypto project after market has been struggling to gain momentum in recent months. The asset lasted over the ground $ 3000 in early February this year. Since then, ETH has been on a downward track. Let’s discuss whether the popular crypto will recover the $ 3000 land in July 2025.
ETF inflows don’t help the price?
Bitcoin (BTC) and Ethereum (ETH) ETFs have seen constant inflows in recent days. ETFS saw about $ 31.8 million inflows on July 1. While BTC experiences a price increase due to the ETF purchase, ETH does not follow the same pattern.
Tom Lee claims that Ethereum is the next bitcoin
According to Fundstrats Tom Lee, Ethereum (ETH) may be the new Bitcoin (BTC). Lee believes that because of the recent increase in adoption of Stablecoin. Lee highlights how Stablecoins is built on the ETH network. He believes that this aspect of the project makes it a solid consideration.
ETH experienced a rally in May after the upgrade of Pectra. The update gave back ETH Burns. Unfortunately, Rally was short -lived. Market volatility and global geopolitical tensions led to a market -wide correction.
Also read: Robinhood launches Ethereum and Solana Sol Crypto Staking
