Wall Street analysts have identified three key reasons for the rapid growth of Ethereum, which has risen by 65% in the last month. The first reason is the expansion of the cryptocurrency narrative beyond Bitcoin: investors are increasingly focusing on the potential of $ETH . The second is the growth of activity in layer two networks, which improves scalability and reduces transaction costs, making the Ethereum ecosystem more attractive to developers and users. The third reason is the recent Pectra update that occurred in early May 2025, which enhanced the network's efficiency and attracted institutional investors.
Experts also note an influx of capital from major players like BlackRock, who are actively investing in ETH. According to analysts, Ethereum has the potential to reach $3400 by June 2025 if the current momentum is maintained. These factors create favorable conditions for the long-term growth of ETH, however, competition from new blockchains remains a challenge. Stay tuned for cryptocurrency market news to not miss important updates! Subscribe to #MiningUpdates for the latest insights.
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