[Coin World] Background Information: Ethereum (ETH) performed strongly in the second quarter, with a quarterly rise of nearly 40%, surpassing Bitcoin (BTC) at 28.81%. In the first quarter, Ethereum experienced a nearly 50% fall, and many holders have not fully recovered. Major Events: - ETH market share rebounded from 6.95% on April 22 to nearly 10%. - The ETH/BTC ratio rebounded over 25% after hitting a five-year low in mid-April. - Since mid-May, the ETH/BTC ratio has shown a gradual increase in highs, indicating active buying. - In June, BlackRock invested $750 million to purchase Ethereum, showing strong confidence with no selling activity. - Activities of large investors (whales) have increased, with the number of whale addresses reaching a two-year high, indicating funds are being reallocated. Potential Impact: Ethereum shows a trend superior to Bitcoin in both technical and capital flow aspects, which may continue to maintain strength in the third quarter, providing expected returns for long-term holders.
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ETH Strong Rebound: Q2 rise of 40% surpasses BTC, BlackRock's $750 million layout shows confidence
[Coin World] Background Information: Ethereum (ETH) performed strongly in the second quarter, with a quarterly rise of nearly 40%, surpassing Bitcoin (BTC) at 28.81%. In the first quarter, Ethereum experienced a nearly 50% fall, and many holders have not fully recovered. Major Events: - ETH market share rebounded from 6.95% on April 22 to nearly 10%. - The ETH/BTC ratio rebounded over 25% after hitting a five-year low in mid-April. - Since mid-May, the ETH/BTC ratio has shown a gradual increase in highs, indicating active buying. - In June, BlackRock invested $750 million to purchase Ethereum, showing strong confidence with no selling activity. - Activities of large investors (whales) have increased, with the number of whale addresses reaching a two-year high, indicating funds are being reallocated. Potential Impact: Ethereum shows a trend superior to Bitcoin in both technical and capital flow aspects, which may continue to maintain strength in the third quarter, providing expected returns for long-term holders.