Ahead of the possible launch of an ETF on Ether (ETH), the price of the cryptocurrency is not showing the expected growth. On June 24, ETH fell to a monthly low of $3,250. Despite the recovery to $3,400 on June 25, analysts predict limited upside. 📉

Some experts believe that the launch of an Ethereum ETF in the current market conditions is unlikely to lead to significant inflows. Even though the regulator stopped its investigation into Consensys and postponed the possible classification of Ethereum staking as a security.

Bloomberg analysts predict that the Ethereum ETF will raise between $1 billion and $2 billion in its first weeks. However, other experts expect significantly lower inflows at the start of the ETF.

The Ethereum network faces its own challenges, including relatively high transaction fees, which partly explains why rival blockchains such as BNB and Solana have been able to capture significant volumes.

Despite these issues, Ethereum remains the undisputed leader in total value locked (TVL) and decentralized application volumes. However, according to DappRadar, demand has been stagnant over the past seven days, while competitors like Solana and Aptos have seen activity and deposits increase.

If analysts' predictions of low inflows at the start of the ETF are confirmed, the likelihood of Ether exceeding $3,700 in the near future seems low.