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Tron (TRX) Founder Justin Sun announced Ethereum (ETH) Price Prediction! "By July 30...."
Ethereum (ETH) purchases and a striking new post has come from Tron (TRX) founder Justin Sun, known for its strong support.
Justin Sun, who noted that the 10th anniversary of Ethereum and his own birthday fall on the same day, July 30, claimed that the ETH price could reach $5,000 on this date.
Will Ethereum Reach a New ATH by July?
According to Justin Sun, Ethereum could see a 10-fold increase in its value, potentially reaching $5,000.
Sun's prediction has created excitement and debate in the crypto world due to the fact that the price of Ethereum is currently below $2,000.
This prediction from Sun came as the Ethereum Foundation was preparing for a major global celebration to mark its tenth anniversary.
The Ethereum Foundation encourages individuals and groups worldwide to organize local meetups. In this context, the foundation announced the Ecosystem Support Program and stated that it would provide financial support of up to $500 per event under the incentive. According to the announcement, funding applications must be submitted by June 15, 2025.
Sun did not provide a specific timeline for his prediction of 5,000 dollars for Ethereum. While Sun's prediction is exciting, some experts argue that Ethereum still faces issues with scalability, high gas fees, and slow transaction times.
Warned About Ethereum!
The founder of Tron had pointed out the excessive leverage problem in the Ethereum ecosystem in a post he made about a month ago.
Sun stated that instead of waiting for a collapse that could harm Ethereum's protocols and decentralized finance (DeFi) projects, excessive leverage needs to be brought under control. He emphasized the need for early intervention and a coordinated solution.