Ethereum may rise to $ 3400 in June

Analysts predict a significant increase in the value of Ethereum ETH $1,813.27 Bridged Ether (StarkGate) -1.80% Market capitalization $0.16 billion VOL. 24 hours $0.63 billion in the coming months. According to Cointelegraph experts, the price of the asset may rise to $ 3400 by June 2025. The reason for such an optimistic scenario is the return of ETH to the key support zone, which previously served as a start for price growth by 2000% and 360%.

Currently, analysts estimate the growth potential of Ethereum from the cyclical bottom at 65%. In case of a breakout of the support zone, the price may fall to $ 1560, but the market is still showing positive dynamics.

An additional factor in favor of growth is the activity of large investors. In particular, funds managed by BlackRock have already accumulated more than $ 1.1 billion in Ethereum. In just one week, their investments in this asset increased by $ 990 million. Analysts note that this indicates the growing interest of major players in ETH as a key tool in the field of tokenization of real assets.

In March, another notable phenomenon was observed: in three days, large investors purchased more than 120 thousand ETH. In total, $ 1.8 billion worth of Ethereum was withdrawn from cryptocurrency exchanges within one week. This may indicate an intention to keep the asset in cold wallets in anticipation of further price growth.

In addition, according to Santiment, the volume of Ethereum on centralized exchanges has fallen to its lowest level in the last ten years. Such a trend is traditionally seen as a positive signal for the market and a sign of a potential shortage of the coin in circulation, which could push its price up in the near future.