Why will Ethereum rise in June?
A new future for Ethereum
Ethereum closed May with a 40% monthly gain, leaving many ETH holders wondering what’s next. Crypto analysts have outlined several arguments supporting the possibility of further growth. If these factors hold true, Ethereum’s upward trend could continue.
According to AMB Crypto, ETH’s May rally helped the DeFi sector become the top-performing crypto category. Velo data shows that DeFi recorded an average gain of 14% over the past 30 trading days, followed by memecoins with a 10% gain.
Sector performance. Source: Velo
It’s worth noting that DeFi outperformed memecoins for the first time this year, and analysts believe this lead could persist through June.
One market health indicator for ETH and DeFi is the ETH/BTC ratio, which tracks Ethereum’s performance relative to Bitcoin.
As noted by analyst BitcoinData21, the ETH/BTC chart has formed a bullish inverse head-and-shoulders pattern, indicating greater growth potential for ETH versus BTC.
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If confirmed, ETH could outperform BTC by 36%, with the ratio climbing from 0.02 to 0.03.For context, the May rally and DeFi resurgence followed a 40% increase in ETH’s value against BTC.
Options analytics firm Amberdata also supports a bullish ETH outlook, citing market positioning and the growing trend of ETH-based corporate treasuries.
“SharpLink’s move to allocate treasury funds into ETH is a strong sentiment signal that supports Ethereum’s upside — especially if other companies follow,” says Amberdata.
A new future for Ethereum
Last week, SharpLink Gaming announced a $425 million capital raise to fund its ETH treasury strategy.
Following the announcement, around 20 companies joined the trend, purchasing over 980,000 ETH — valued at more than $2.4 billion at the time of writing.
Meanwhile, selling pressure eased in May, further supporting ETH’s positive outlook. Realized profits peaked at over $1 billion during the May pump, close to the $1.2 billion realized in December 2023 after ETH hit $4,000. However, profit-taking decreased sharply at the end of May and into June, potentially clearing the path for further gains.
On the technical side, ETH price action is consolidating above the 200-day EMA (blue), which is another argument for a possible short-term expansion of the $2,300–$2,800 range — unless a major catalyst breaks the range.
Still, despite many bullish signals, macroeconomic risks and global geopolitical tensions could delay or complicate this outlook. Monitoring external factors will be key for accurate crypto market forecasting.
As we wrote, Ethereum stuck in $2.4K–$2.7K range amid whale accumulation
