Ethereum's price shows significant growth, drawing trader interest. Over the last month, the asset has increased by 46%, while ETH/BTC shows a 30% growth, indicating rising interest in Ether.
Price Trends for Ether
As of 30 days, Ether's price stands at $2,630, a 46% increase from the previous month. "ETH appears poised for a significant upward breakout," noted MN Capital founder Michael van de Poppe in a June 3 post.
ETH/BTC Outlook
The ETH/BTC pair has also risen by 30%, reaching a 10-week high of 0.02618. Analyst Daan Crypto Trades indicated that this trend could boost other altcoins relative to Bitcoin.
Institutional Investments in Ether
Spot Ether ETFs have seen 12 consecutive days of inflows, indicating growing interest from institutional investors. This contrasts with outflows from Bitcoin ETFs. "The market is interested in Ether," added crypto analyst Coiniseasy.
Ether's price demonstrates substantial growth, and analysts foresee the potential for a breakout above resistance levels. Concurrently, the rise in institutional investments supports the positive sentiment surrounding the asset.
