Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has overtaken Johnson & Johnson, a leading global healthcare company, in terms of market value. The altcoin is now positioned as the 30th largest asset globally.

This achievement comes after Ethereum’s latest rally, which has pushed its price to levels not seen since February.

Ethereum Climbs to 30th Spot in Global Asset Ranking Amid Latest Rally

BeInCrypto data showed that Ethereum has been undergoing a remarkable rally lately. Over the past week, its value has appreciated by 20.4%, pulling it above the $3,100 mark.

At the time of writing, the altcoin traded at $3,169, marking gains of 6.2% over the past day alone.

ETH’s price rise has naturally boosted its market capitalization, which was recorded at around $382 billion. With the increase in market value, ETH has dethroned Johnson & Johnson from the 30th global asset ranking. 

According to data from Infinite Market Cap, the healthcare giant’s market cap now trails behind at over $373 billion.

Interestingly, the market performance has not only allowed Ethereum to make its mark among global assets but also further solidified its standing within the crypto space. BeInCrypto reported that in Q2 2025, Ethereum outperformed Bitcoin (BTC) by 6%. 

Furthermore, the network’s Total Value Locked (TVL) rose by 33%. The amount of ETH staked also increased by 4% in Q2, emphasizing its growing influence and adoption. 

This rise in usage is further evidenced by an uptick in transaction activity. Analyst Ted Pillows highlighted the development in a recent post on X (formerly Twitter).

“ETH daily transactions almost back at 1,500,000. The last time Ethereum reached above 1,500,000 was in 2021,” Pillows wrote.

This surge in activity is not surprising, considering several bullish factors working in Ethereum’s favor. Institutional adoption, expectations for a stablecoin summer, and anticipated favorable regulatory developments have all contributed to Ethereum’s recent success. 

In addition, these factors have raised market optimism, with many analysts suggesting that Ethereum’s latest rally still has a long way to go. 

Analyst Henry has forecasted that if Ethereum breaks above the $3,200 threshold, a significant price movement could occur. According to his analysis, such a move could trigger a wave of short liquidations worth nearly $4 billion. 

This large-scale liquidation could create a short squeeze, which, in turn, may drive the price of ETH up to levels between $3,310 and $3,340.

“But don’t chase blindly because a pullback or cool-down usually follows a liquidation event that big,” he added.

Meanwhile, Merlijn The Trader pointed to an upward channel pattern on ETH’s price chart. He noted that once Ethereum breaks through the upper resistance level, it could lead to a significant price increase.

“Triple RSI bounce. Macro channel intact. Price has been coiling for months. When ETH explodes from here…$5,000 is just the warm-up,” Merlijn claimed.

Polymarket data further bolsters this bullish outlook. At present, traders have assigned a 75% probability that Ethereum’s price will exceed $3,300 in July 2025, suggesting retail enthusiasm for ETH’s prospects. 

Long-term predictions are even more ambitious. Recently, an expert forecasted that ETH could hit $10,000 by the end of this cycle, with the bullish case putting the price at $15,000.

Moreover, he added that eventually Ethereum could reach $1.5 million, driven by the growth of crypto-based commerce.