June is the month of Ethereum and altcoins. Bitcoin fell, while Ethereum sentiment became bullish.
Ether must stand up.
I will explain the specific factors in combination with information and sentiment!
1. Bitcoin price struggles, while Ethereum soars
Bitcoin's recent decline can be attributed to a variety of negative factors:↓
The Mentougou incident is not over after it became popular. In the coming months, Mt. Gox issuance (worth about $9.6 billion) will continue to provide potential supply pressure,
And the recent hacking of DMM (resulting in $305 million stolen) will also put pressure on Bitcoin prices.
In addition, there is still some time before interest rate cuts, so Bitcoin will adjust slowly.
However, despite Bitcoin's weak performance, Ethereum's price rose sharply today.
2. Ethereum now has too much positive news. Grasp it, and you will enjoy the benefits of Ethereum in June.
Driven by bullish factors, the approval of the spot Ethereum ETF
"Despite the catalyst, trading volume fell sharply after the approval of the ETH spot ETF this week." The earlier-than-expected trading time of these ETFs has injected new optimism into the market.
The SEC recently urged applicants to submit S-1 forms by May 31, which means that the Ethereum spot ETF may start trading as early as June. This accelerated timetable has further stimulated people's bullish sentiment on Ethereum.
Now, recently, whether it is halving, upgrades, interest rate cuts, Mentougou and other news, many people have underestimated the Ethereum spot ETF
Think about BTC in January this year
The sluggish market may fall into offside, and our bet is bullish, especially for ETH.
However, Brother Dao has always maintained a deep view of the market. The market will not let 100% of people make money, especially contracts.
My view is that it will fall first and then rise.
And if you play spot, the leading potential coin related to the eth ecosystem can now enter the market.
If you invest in the same stable spot investment as me, but you don't know which one to buy.
Why not, click on my avatar and follow my homepage.
All my strategy codes are shared with all fans for free in the fan club every day. Let's guard together and share the red envelope rain when the cycle comes.
Again, I won’t let my fans miss out on the bull market.
