#六月行情预测# With the surge of institutional ETF inflows, the outlook for Ethereum has turned bullish.
In an exclusive interview with BeInCrypto, Wanchain CEO Temujin Louie stated that the outlook for ETH this month is "increasingly bullish" driven by the continued inflows into Ethereum Exchange-Traded Funds (ETFs) and network stability. "The ongoing investment in Ethereum ETFs indicates that institutional interest remains strong, bolstering the credibility of ETH as a long-term asset. The recent Pectra upgrade of Ethereum has also been a significant success, and the internal debates within the Ethereum Foundation have calmed; investor confidence in Ethereum as a network and ETH as an asset is recovering," Louie noted. In addition, analyst Dominick John confirmed this optimistic sentiment, emphasizing the impact of the surge in ETF inflows on the price trends of tokens. According to John, "ETH ETF has significantly influenced recent price movements, indicating a surge in institutional interest, which has improved market liquidity while easing volatility. This wave of demand, coupled with the strong fundamentals of stablecoins and solid on-chain signals, is tightening supply and supporting sustained interest. According to data from SosoValue, since May 16, the weekly inflow of ETH-supported ETFs has increased. This week, the total net inflow of these investment tools was $286 million, highlighting the growing confidence of institutional investors. If this trend continues, it could put upward pressure on the price of ETH, potentially breaking its narrow range in June.
In addition, the consistently positive funding rate of ETH further supports this bullish outlook. The funding rate is used for perpetual futures contracts to ensure that the contract price aligns with the spot price of the underlying asset. When the funding rate of an asset is positive, traders holding long positions are paying those holding short positions. This indicates a bullish market sentiment, as more and more market participants are betting on price increases. The sustained positive funding rate of ETH aligns with the significant inflow of institutional funds into the ETH-supported ETF. This further confirms that market participants are preparing for further increases in June.
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Ybaser
· 06-05 13:12
THANK YOU FOR YOUR BEAUTIFUL INFORMATION AND SHARING 💐💐💐
#六月行情预测# With the surge of institutional ETF inflows, the outlook for Ethereum has turned bullish.
In an exclusive interview with BeInCrypto, Wanchain CEO Temujin Louie stated that the outlook for ETH this month is "increasingly bullish" driven by the continued inflows into Ethereum Exchange-Traded Funds (ETFs) and network stability. "The ongoing investment in Ethereum ETFs indicates that institutional interest remains strong, bolstering the credibility of ETH as a long-term asset. The recent Pectra upgrade of Ethereum has also been a significant success, and the internal debates within the Ethereum Foundation have calmed; investor confidence in Ethereum as a network and ETH as an asset is recovering," Louie noted.
In addition, analyst Dominick John confirmed this optimistic sentiment, emphasizing the impact of the surge in ETF inflows on the price trends of tokens. According to John, "ETH ETF has significantly influenced recent price movements, indicating a surge in institutional interest, which has improved market liquidity while easing volatility. This wave of demand, coupled with the strong fundamentals of stablecoins and solid on-chain signals, is tightening supply and supporting sustained interest.
According to data from SosoValue, since May 16, the weekly inflow of ETH-supported ETFs has increased. This week, the total net inflow of these investment tools was $286 million, highlighting the growing confidence of institutional investors. If this trend continues, it could put upward pressure on the price of ETH, potentially breaking its narrow range in June.
In addition, the consistently positive funding rate of ETH further supports this bullish outlook. The funding rate is used for perpetual futures contracts to ensure that the contract price aligns with the spot price of the underlying asset. When the funding rate of an asset is positive, traders holding long positions are paying those holding short positions. This indicates a bullish market sentiment, as more and more market participants are betting on price increases. The sustained positive funding rate of ETH aligns with the significant inflow of institutional funds into the ETH-supported ETF. This further confirms that market participants are preparing for further increases in June.
💐💐💐