📉 ETH to $3K? Not so fast... here’s why it might take longer
Despite strong ETF inflows and rising gas fees, Ethereum is facing weak network fundamentals and increasing competition.
🔸 ETH failed to hold above $2,700 and slipped back to ~$2,560
🔸 TVL dropped by 17% in the past 30 days
🔸 Solana and BNB now lead DEX volume — Ethereum dropped to 3rd place
🔸 ETH futures show low conviction — premiums fell from 6% to 5%
🔸 Major TVL losses from Sky (ex-MakerDAO) and Curve Finance
💰 On the bullish side:
✅ Spot ETH ETFs saw $700M in inflows between May 22 and June 4
✅ No single day of net outflows during that period
✅ Strong institutional support near $2,500
⚠️ Bottom line:
While institutional demand is holding steady, metrics suggest bulls likely won’t break $3,000 anytime soon. Network activity is sluggish, fees are high, and rivals like Solana are gaining ground.
📣 Your take:
Will ETH still hit $3K in June? Or does it need a deeper market reset first?
