Ethereum will lose up to 30% after ETF launch

The ETF at $ETH may appear on the US market before July 2, the altcoin is retreating, and there was an increase in network activity before the pullback.

The number of active ETH addresses for 3 months reached a maximum of 617,170 (according to Martinez’s estimate).

Analysts from Mechanism Capital predict a rollback of ether from the current one by 30%, namely to values ​​of $2,400, after the release of the ETF.

Also, according to analysts, after the drawdown, ETH will go sideways in the range of $2,400 - $3,000.

ETH showed growth above $4,000 amid the ATH update.

ETH will maintain correlation with Bitcoin. And if the first cryptocurrency reaches $100k, then Ether will update its maximum in the next 12 months.

And the use of Ethereum as an asset tokenization platform increases the demand for ether.