Analysis: ETH/BTC Exchange Rate Rises 30% in the Past Month, Ethereum May Break Through
The ETH/BTC exchange rate has been rising continuously recently, increasing by 30% over the past month, indicating stronger demand for Ethereum. Analysts believe that the ETH/BTC rate breaking through the cup and handle pattern may signal the start of a new "altcoin season." Meanwhile, the U.S. spot Ethereum ETF has recorded net inflows for 12 consecutive days, indicating growing interest from institutional investors in ETH. In contrast, the spot Bitcoin ETF experienced outflows for three consecutive days from May 29 to June 2, totaling $1.23 billion. (Cointelegraph)
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