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Market Dynamics
Technical Analysis: BTC stabilized after a pullback from a high, with three consecutive daily candles in the green. The next resistance is at 121,500-125,000 USDT; ETH broke through 3,600 USDT, with an RSI of 70.8, approaching overbought levels. Watch for the range of 3,880-4,000 USDT.
Market sentiment: BTC bullish comments account for 1.9:1, and after ETH breaks 3,600 USDT, altcoin season expectations heat up.
Key events: ETH ETF net inflow of $550 million, BTC ETF inflow of $1.22 billion, institutional demand drives up prices; Pectra upgrade supports ETH's long-term value.
Conclusion
BTC has had three consecutive daily gains, with a solid bottom, and the bulls are gearing up for a push at 121,500 USDT; ETH surged by 20.50%, leading the altcoin season, with a focus on 3,880 USDT. It is recommended to seize the potential for ETH's rise, monitor the ETH/BTC ratio, and be cautious of short-term correction risks. #以太坊突破3800# #Gate 6月透明度报告# #山寨币爆发#