6.11 Ethereum: Worse than Bitcoin, a rebound is an empty opportunity



$ETH
Brothers, Ethereum is weaker than Bitcoin today, currently hovering between 1640-1650, yesterday's low touched 1603, almost breaking the previous low. To be honest, Ethereum's trend is 10 times worse than Bitcoin's. Just because it has dropped a lot doesn't mean a bottom-fishing opportunity is here; its decline is because it is inherently weaker.

A rebound is a trap: 1650-1670 range is a trap, with a potential surge to 1700, look at 1600-1550.

This round of decline was led by the "mistress," with fundamentals worse than Bitcoin:

The mistress spot ETF has been net outflow for 17 consecutive days, totaling over 1.2 billion USD, with institutions fleeing more decisively than Bitcoin.

Funds are shifting toward Bitcoin, which now accounts for 58%, and the mistress is now an unloved child.

The previously touted Glamsterdam upgrade is likely to be delayed to Q3, and the only bullish catalyst is gone #美国5月CPI创三年新高
ETH1.08%
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