A remarkable new post came from Tron (TRX) founder Justin Sun, known for his Ethereum (ETH) purchases and strong support.
Stating that Ethereum's 10-year anniversary and his own birthday are on the same day, July 30, Justin Sun claimed that the ETH price could reach $5,000 by this date.
Will Ethereum Hit New ATH by July?
Ethereum could see a 10x increase in value, potentially reaching $5,000, according to Justin Sun.
Sun’s prediction created excitement and discussion in the crypto world as the Ethereum price is currently below $2,000.
Sun’s prediction comes as the Ethereum Foundation prepares for a massive global celebration to mark its tenth anniversary.
The Ethereum Foundation encourages individuals and groups around the world to organize local meetups. As part of this, the foundation announced the Ecosystem Support Program, stating that it will provide financial support of up to $500 per event as part of the incentive. According to the announcement, funding applications must be submitted by June 15, 2025.
Sun did not provide a specific timeline for his $5,000 Ethereum prediction. While Sun’s prediction is exciting, some experts have argued that Ethereum still faces issues with scalability, high gas fees, and slow transaction times.
Warned About Ethereum!
The Tron founder drew attention to the excessive leverage problem in the Ethereum ecosystem in his post about a month ago.
Sun noted that excessive leverage should be brought under control rather than waiting for a collapse that could harm Ethereum’s protocols and decentralized finance (DeFi) projects, emphasizing the need for early intervention and a coordinated solution.
*This is not investment advice.
