Can $ETH hit a new ATH in Q3?

ETH recently hit $3,000 for the first time in 4 months.

The rally was due to Bitcoin's new ATH and big ETH ETF inflow.

This pump has also resulted in ETH outperforming BTC, which has happened rarely this cycle.

Now talking about the $ETH supply, 30% of its entire supply has been staked.

ETH balances on exchanges have also dropped to an 8-year low.

Both these things could bring a supply crunch, which will start a major rally.

Only if BTC continues its momentum, ETH is looking primed for a new ATH.