Main takeout:
The price of ether rose 46% in 30 days.
ETH/BTC increased 30% last month, making demand for ethers stronger.
SPOT ETHEREUM ETFs can see 12 consecutive days.
The price of ether has risen by 7% over the last three days, leading to optimism that the largest Altcoin will be ready to escape among merchants. Interestingly, the ETH/BTC transaction pair has also increased, improving the prospect of Ether’s recovery in the future.
Traders expect ETH prices to continue to recover.
According to the data from COINTELELEGRAPH Markets Pro and TradingView, Ether’s (ETH) prices have increased 46% at $ 2,630, up 46% over the last 30 days.
In the post on June 3, Mn Capital’s founder Michael Van de Poppe said, “ETH is likely to have a significant upward wavelength.”
The accompanying chart showed an ETH/USD pair on the main support area of about $ 2,400 on the 6 -hour chart.
The main resistance areas are between $ 2,680 (200 days simple moving average) and $ 2,850.
According to Van de Poppe, ETH prices should increase this level before making the “New Best of the Year”.
In the latest ETH/USD analysis of X, “Ether Lee is supporting $ 2,500 for $ 2,500, supporting, supporting it, and trying to solidify it.
The analyst mentioned more than $ 2,500 on Ether on May 31, and ETH Bulls is currently attempting to support on a monthly chart.
“Ether Leeum is trying to repeat history and positions in a similar way to the green circular reinvestment in mid -2021.”
If history repeats and more than $ 2,500 in June, a significant rally will be made to the highest level.
relevant: Bitcoin can be integrated, but ETH, HYPE, TAO and QNT can resume their movements.
Analyst encryption Eagles said that ETH prices seemed to have set the stage of rally to $ 6,000 by repeating the 2016-17 technology structure.
Altseason come? Etter gets a bitcoin
Ether surpassed Bitcoin by 46% over the last 30 days, and the price rose 16.5% from the US dollar over the same period.
The ETH/BTC pair reached 0.02618 on May 14 last month. ETH/BTC transactions increased 48% at the lowest level of reaching 0.02503 to 0.01766 on April 22.
The popular merchant DAAN CRYPTO Trades said that “the ALT/BTC pair should be temporarily improved by integrating ETH/BTC between the 0.022-0.026 range.”
“To track how Altcoins performs compared to $ BTC, one of the main factors is $ ETH/BTC chart strength.”
As reported by Cointelegraph, ETH/BTC brake out of the cup and handle pattern causes 55% rally to know the beginning of the new Altseason.
Spot Ether ETF inflow continues
The increase in ETH/BTC ratios shows an increase in demand for ethers, and institutional investors have chosen ETH over the last few days.
The US Spot Ether Leeum ETF has witnessed the net inflow for 12 consecutive days.
On the other hand, SPOT BITCOIN ETF has broken the inflow of 10 days last week and has a total of $ 12.3 billion in three consecutive days between May 29 and June 2.
If it is introduced into the 12th consecutive SPOT ETHEREUM ETF, X on June 4, X’s pseudonym encryption analyst Coiniseasy added:
“Is the Alt Season finally on the corner?”
According to Coinshares’ additional data, Global Ethereum Investment Products has entered a total of $ 332 million last week, recording the strongest runs since the end of December 2024. The Bitcoin ETP has leaked $ 8 million and has finished the inflow of $ 9.6 billion.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.