Ethereum Demand Soars as Exchange Rate and Institutional Interest Surge

The Ethereum/Bitcoin exchange rate has experienced a dramatic surge over the past month, soaring by 30%, according to Odaily. This significant increase indicates rising demand for Ethereum, with analysts suggesting that breaking out of its cup-and-handle pattern could signal the beginning of a new ‘altcoin season.’ 12 consecutive days of net inflows for the U.S. spot Ethereum ETF further demonstrate growing institutional interest in ETH. In contrast, the Bitcoin ETF faced three days of outflows from May 29th to June 2nd, totaling $1.23 billion, highlighting a distinct shift in investment patterns.