Analysis: ETH\u002FBTC exchange rate has risen 30% in the past month, and Ethereum may welcome a breakthrough."
Internet reports that the ETH/BTC exchange rate has continued to rise recently, rising by 30% in the past month, indicating that demand for ether is stronger. Analysts believe that the ETH/BTC exchange rate's breakthrough in the cup handle shape may mark the beginning of a new round of "copycat season." At the same time, the U.S. spot Ethereum ETF has recorded net inflows for 12 consecutive days, indicating growing interest among institutional investors in ETH. In contrast, the spot Bitcoin ETF experienced capital outflows for three consecutive days between May 29 and June 2, totaling US$1.23 billion.(Cointelegraph)
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.