$ETH 7 July ETH staged a 'Birthday Miracle' as Tron founder Justin Sun dropped a bomb during his birthday livestream on July 30: 'Ethereum will definitely break $5000 before its 10th anniversary in July 2025!'
Currently, ETH is hovering around $1900, which means a 163% increase is needed to reach the target. Historical comparison: ETH rose 400% over three months during the DeFi summer in 2020, and 1100% over eleven months during the bull market in 2021. Justin Sun's betting logic:
'The tenth anniversary is the 'coming of age' for cryptocurrencies, and the demand for institutional allocation + ecological explosion will trigger a super cycle.'