According to Cointelegraph, Ethereum is forming a bullish cup and handle and bull flag pattern, which could bring a 30-55% increase. Analysts believe that a breakout in the ETH/BTC ratio may trigger an altcoin season similar to those in 2017 and 2021. The ETH/BTC ratio is forming a cup and handle and bull flag pattern, indicating substantial gains. The cup and handle pattern may break through the neckline at 0.02596 BTC, targeting a price near 0.03814 BTC, with an expected 55% increase by July. The bull flag pattern points to 0.03235 BTC, about 30% higher than the current level.
Analyst Trader Tardigrade believes that Ethereum's breakout against Bitcoin could trigger an altcoin season in 2025. Historical data shows that when Ethereum outperforms Bitcoin, the altcoin market has experienced gains of over 2500%. Analysts like Sensei and Rinor also support this view.
● EU prepares to take countermeasures against the US's increase in steel import tariffs
According to Deep Tide TechFlow, on May 31, a spokesperson for the European Commission expressed strong regret over the US's increase in steel import tariffs. The EU is prepared to take countermeasures, and the Commission is in final consultations.
● US SEC questions the legality of REX's proposed Ethereum and Solana staking ETFs
According to Wu Shuo, the US Securities and Exchange Commission (SEC) has expressed concerns about the Ethereum and Solana staking ETFs proposed by REX Shares and Osprey Funds. The SEC believes these products may not meet the definitions of investment companies and ETFs under federal securities law.
The SEC pointed out that these products may have issues with improper registration statements and misleading disclosures, and has sent a formal letter to ETF Opportunities Trust. REX stated that it will not launch the product until the relevant legal issues are resolved.
● The cryptocurrency fear and greed index rises to 56, indicating a shift to a greedy market
According to Deep Tide TechFlow, on June 1, data from Alternative.me shows that the cryptocurrency fear and greed index has risen to 56. Compared to yesterday's 50, market sentiment has shifted to a greedy state.
● GameStop CEO believes Bitcoin can combat currency devaluation
According to BlockBeats, on May 31, GameStop CEO Ryan Cohen stated that Bitcoin can serve as a hedge against currency devaluation. He believes that if Bitcoin ultimately becomes digital gold, it still has more room to rise.
According to PANews, Robert Kiyosaki, the author of Rich Dad Poor Dad, stated on the X platform that holding 0.01 Bitcoin could become priceless in two years, or even make you very wealthy. Bitcoin prices fluctuate, but so does real life. There are only 1 to 2 million Bitcoins left to mine, and prices may enter a phase of rapid increase.
Kiyosaki advises listening to opinions from Raoul Pal, Michael Saylor, Anthony Pompliano, and others, and not to miss this historically easy opportunity to become wealthy and financially free.
● Arkham reports that James Wynn's address balance is only $16.28
According to Odaily Planet Daily, Arkham stated on the X platform that James Wynn's address currently holds a balance of only $16.28, suspected to have been completely liquidated.
● Whale James Wynn shares his views on wealth and lifestyle
According to ChainCatcher, whale James Wynn stated that he will make a comeback and enjoy the game and swings. He emphasized that money depends on mindset and claimed that his monthly passive income exceeds the annual income of most people. He believes that true wealth comes from peace, happiness, family, love, loyalty, health, nature, sunshine, and dogs. He stated that he has firmly remembered these and feels freer than ever before.
