ETH/BTC Exchange Rate Rises, Indicating Strong Demand for Ethereum

According to Odaily, the ETH/BTC exchange rate has seen a significant increase, rising by 30% over the past month. This trend suggests a stronger demand for Ethereum, with analysts indicating that the ETH/BTC rate breaking through a cup-and-handle pattern could signal the start of a new 'altcoin season.' In parallel, the U.S. spot Ethereum ETF has recorded net inflows for 12 consecutive days, highlighting growing institutional interest in ETH. In contrast, the spot Bitcoin ETF experienced three consecutive days of outflows from May 29 to June 2, totaling $1.23 billion.