The SEC chairman said ETH is not ZJ, it seems that the previous analysts' prediction of reaching $4,000 by the end of July is going to fail. Previously, Ethereum surged significantly, with an increase of 46%. On one hand, this is due to the U.S. passing the 'Genius Act,' and on the other hand, the market is turning towards cryptocurrencies outside of Bitcoin. Large investors have purchased over 500,000 ETH in two weeks, and many are quite confident in it. Tom Lee believes that Ethereum is Wall Street's first choice, as both JPMorgan and Robinhood's tokenization plans are based on it. He also predicts that if the market value of stablecoins breaks $2 trillion, the usage of Ethereum will grow exponentially. But the reality is that Ethereum has repeatedly failed to break through $4,000, and there are many issues with spot ETFs. Grayscale ETHE may see capital outflows exceeding $100 million per day, so reaching $4,000 is in jeopardy.
