📉 ETH at $3K? Not yet... and the reason goes beyond the price!
Even with institutional inflows and an increase in transaction fees, Ethereum faces a combination of network weakness and competitive pressure.
🔸 ETH failed to hold above $2,700 and retreated to ~$2,560.
🔸 TVL dropped 17% in 30 days, even with Uniswap increasing volume and fees.
🔸 Solana and BNB are dominating the volume in DEX — Ethereum dropped to 3rd place in the segment.
🔸 Futures contracts show little bullish conviction, with the annualized premium falling from 6% to 5%.
🔸 Sky (formerly MakerDAO) and Curve were the biggest contributors to the drop in TVL.
💰 On the other hand:
✅ Spot ETFs of ETH received $700M between May 22 and June 4.
✅ No day with net outflows during this period.
✅ Strong institutional support in the $2,500 region.
⚠️ Conclusion:
Although institutional appetite exists, other signals indicate that the bulls will not have the strength to break through $3K in the short term. Network congestion, declining real usage, and competition with cheaper chains are weighing heavily.
📣 Your opinion matters:
Do you believe that ETH will still reach $3K before the end of June, or will it need a general market cleanup first?
