Ethereum faces its steepest investment pullback since 2022, contrasting with gains in other cryptocurrencies. However, analysts foresee a potential rise to $4,000 amid signs of recovery.
Key Insights:
Investors withdrew significant amounts from Ethereum investment products in June, marking the worst performance since 2022.
The price of Ethereum fell by around 9% in June, despite the initial approval of spot Ethereum ETFs.
Other cryptos, including Bitcoin, Cardano, and XRP, saw inflows and price gains in June, highlighting Ethereum's unique struggles.
After dipping to around $3,300, Ethereum's price has shown some positive movement in the past week.
Some analysts suggest that Ethereum could reach $4,000 in July or August due to a breakout from a descending channel.
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