Ethereum surpasses Johnson & Johnson by market cap
ETH climbs past $3,100, becomes 30th largest asset by market cap
Ethereum (ETH), the second-largest cryptocurrency, has officially overtaken Johnson & Johnson in global asset rankings. With its latest rally pushing ETH above $3,100, the altcoin’s market capitalization soared to approximately $382 billion.
This milestone places Ethereum as the 30th largest asset globally, pushing the healthcare giant, now valued at $373 billion, one spot lower, reports BeInCrypto.
Ethereum’s recent momentum marks its strongest performance since February, fueled by strong investor interest and increasing adoption. This shift underscores the growing influence of digital assets in the global financial landscape.
Network metrics reinforce Ethereum’s strength
Ethereum’s network fundamentals have also strengthened significantly, with Total Value Locked (TVL) rising 33% in Q2 2025 and the amount of ETH staked growing by 4%. Analysts point to an encouraging rebound in daily transactions, which are nearing 1.5 million—a level last seen in the 2021 bull cycle. These metrics highlight the expanding utility and adoption of Ethereum, particularly in decentralized finance (DeFi) and staking sectors. As the second-largest blockchain continues to evolve, institutional interest and network activity are converging to support long-term value. The performance also indicates that Ethereum is not just gaining price-wise but also in fundamental ecosystem engagement.
Analysts see potential for further breakout
Market analysts are optimistic that Ethereum’s rally may extend further if key resistance levels are breached. Analyst Henry suggests that breaking above $3,200 could spark up to $4 billion in short liquidations, potentially triggering a short squeeze that drives ETH toward the $3,310–$3,340 range. However, he warns against FOMO-driven entries, noting that large liquidation events often lead to price pullbacks. Meanwhile, trader Merlijn identified an upward channel in ETH’s price pattern, hinting at an impending breakout if upper resistance is broken. With institutional demand rising and regulatory clarity improving, Ethereum appears poised for further gains—provided it can navigate key technical levels.
Recently we wrote that Ethereum extended its July rally on Tuesday, trading around $3,172, marking a 6.7% weekly gain and decisively breaking past a key Fibonacci resistance.
