ETH increased 12.5% ​​from July 12-15 but was blocked at $3,500. Even though the SEC approved two more Ethereum ETFs, ETH price still dropped to $3,400 on July 18. 📉

🔮 ETH price forecast to reach $5,000 by the end of 2024. Bitwise's Matt Hougan is optimistic thanks to low inflation rate and 28% locked supply.

📊 Total crypto market capitalization increases 43% in 2024, but ETH still lacks excitement. Ethereum DApps volume increased 7% in the past 30 days, while BNB Chain and Solana decreased.

💰 Ethereum leads with 17.5 million ETH TVL, equivalent to $59.8 billion. Ethereum's Layer 2 activity also increased 8.5% to $14 billion.

📉 US producer price index increased by 2.6%, higher than expected. China's GDP increased by 4.7%, causing concern for the global market.

📈 The S&P 500 is only down 2% from its peak. ETH needs a 43% increase to surpass $4,868.

🔍 ETH futures show moderate optimism with an 11% premium. There are no signs of a strong increase coming soon.

💬 What do you think about ETH price prediction? Comment now! 🚀