Ethereum ETH Price Predictions for June.. After the Pectra Upgrade

After Bitcoin's rise to a new all-time high in May, the leading altcoin Ethereum saw a new increase in trading activity, briefly trading at a multi-month peak of $2,789 on May 29.

However, with the broader market slowing down over the past two weeks, ETH's price movement has narrowed, consolidating within a tight range. Despite this, market analysts remain generally optimistic about ETH's prospects for June.

Ethereum's outlook turns bullish with rising institutional ETF inflows

In an exclusive interview with BeInCrypto, Timogen Lui, CEO of Wanchain, stated that the outlook for ETH this month is "becoming more optimistic," driven by ongoing inflows into Ethereum ETFs and renewed network stability.

"The continued investment in Ethereum ETFs indicates that institutional interest remains strong, bolstering ETH's credibility as a long-term asset. The recent Pectra upgrade for Ethereum was also a great success, calming internal disputes within the Ethereum Foundation; investor confidence in both Ethereum as a network and ETH as an asset is being restored," Lui noted.

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