Summary
- "The price outlook for Ethereum (ETH) in June is positive, with the ETH/BTC ratio and the formation of an inverse head and shoulders pattern cited as key grounds."
- "Crypto asset data analysis company Amberdata commented that Sharplink Gaming's announcement of a strategic Ethereum reserve could stimulate buying sentiment."
- "Sharplink Gaming announced that it submitted securities registration documents to the U.S. Securities and Exchange Commission (SEC) for up to $1 billion in strategic Ethereum reserves."
Analysis suggests that the June price outlook for Ethereum (ETH) is positive.
On the 2nd (local time), AMB Crypto stated, "Last May, Ethereum rose by about 40%, showing strong performance," and added, "Considering the ETH/BTC ratio, the price indicator of Ethereum compared to Bitcoin, there is a high possibility of a price increase in June as well." AMB Crypto continued, "The ETH/BTC ratio has currently formed an inverse head and shoulders pattern," saying, "This indicates that Ethereum holds greater upside potential than Bitcoin."
Crypto asset data analysis company Amberdata also shared a positive outlook. Amberdata said, "Sharplink Gaming's announcement of a strategic Ethereum reserve is a positive factor stimulating other companies' buying sentiment," and described it as "a strong signal that could drive an Ethereum bull market."
Previously, Sharplink Gaming announced its strategic Ethereum reserve. To this end, it submitted documents to the U.S. Securities and Exchange Commission (SEC) registering to issue securities worth up to $1 billion.
As of 8:34 PM, Ethereum is trading at $2,484 on Binance's USDT Market, down 0.63% from 24 hours earlier.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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