Ethereum ($ETH ), the second-largest cryptocurrency by market capitalization, has surpassed Johnson & Johnson, a global leader in healthcare, in terms of market capitalization. The altcoin is now ranked 30th as the largest asset globally.

This achievement comes after the recent rise of Ethereum, which pushed its price to levels not seen since February.

Ethereum rises to 30th place in the global asset ranking amid the recent surge.

Data from BeInCrypto showed that Ethereum has been experiencing a notable increase recently. Over the past week, its value rose by 20.4%, pushing it above the $3,100 mark.

At the time of writing this report, the altcoin was trading at $3,169, recording gains of 6.2% in just the past day.

Ethereum price performance.

The rise in price $ETH

Naturally to increase its market value, which recorded around $382 billion. With the increase in market capitalization, ETH has displaced Johnson & Johnson from the 30th place in the global asset ranking.

According to data from Infinite Market Cap, the market capitalization of the healthcare giant is now declining to over $373 billion.

Ethereum surpasses Johnson & Johnson.

Interestingly, the market performance has not only allowed Ethereum to leave its mark among global assets but also strengthened its position within the cryptocurrency space. BeInCrypto reported that in the second quarter of 2025, Ethereum outperformed Bitcoin ($BTC ) by 6%.

Additionally, the total value locked (TVL) in the network increased by 33%. The amount of ETH invested also increased by 4% in the second quarter, underscoring its growing impact and adoption.

This increase in usage is also evident through a rise in transaction activity. Analyst Ted Biloz highlighted this development in a recent post on X.

"Daily transactions for ETH are approaching 1,500,000 again. The last time Ethereum reached over 1,500,000 was in 2021," wrote Biloz.

This increase in activity is not surprising, given the many positive factors working in Ethereum's favor. Institutional adoption, expectations for a summer of stablecoins, and anticipated favorable regulatory developments have all contributed to Ethereum's recent success.

Additionally, these factors have increased market optimism, as many analysts point out that the recent rise of Ethereum still has a long way to go.

Analyst Henry predicted that if Ethereum surpasses the $3,200 threshold, a significant price movement could occur. According to his analysis, such a move could trigger a wave of short liquidations worth around $4 billion.

This widespread liquidation could create short pressure, which in turn might push ETH price to levels between $3,310 and $3,340.

"But don't blindly follow because a drop or cooldown typically follows a liquidation event of this size," he added.

Meanwhile, Merlin the Trader pointed out an upward channel pattern on the ETH price chart. He noted that once Ethereum breaks the upper resistance level, it could lead to a significant price increase.

"Triple bounce of the relative strength index. The overall channel is intact. The price has been accumulating for months. When ETH breaks out from here... $5,000 is just the warm-up," claimed Merlin.

Ethereum price forecasts. Source: X/Merlin the Trader

Data from Polymarket supports this positive outlook. Currently, traders are giving a 75% probability that Ethereum's price will exceed $3,300 by July 2025, indicating retail enthusiasm for ETH prospects.

Long-term expectations are more ambitious. Recently, an expert predicted that ETH could reach $10,000 by the end of this cycle, with the positive price scenario set at $15,000.

Furthermore, he added that ultimately Ethereum could reach $1.5 million, driven by the growth of cryptocurrency-based commerce. #BinanceHODLerERA #ETHBreaks3k #AltcoinSeasonLoading #BTCWhaleTracker #BTC120kVs125kToday