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Ethereum (ETH) continues to linger around the $3,800 level. Bitcoin, on the other hand, has been moving between the $66,800 support and the $70,000 threshold for the past few days. There are news-driven fluctuations. Apart from that, June seems to be going better for Ethereum than many other cryptocurrencies.
June Month Ethereum Predictions
We shouldn't be too ambitious because I was seeing that a very calm week was waiting for us when we entered the first week of June exactly one year ago. Everything was calm on the macroeconomic front, there wasn't any significant development concerning cryptocurrencies, and it was like a full vacation week. However, while everyone was sleeping, the SEC didn't sleep.
If history will not repeat itself, considering the SEC's softening before the November elections, we will not experience such a surprise scenario this time. In fact, it will support the predictions that ETH may have a good period against BTC.
Technical Analysis
From a technical perspective, the weekly chart of ETH/BTC looks quite promising. If the pair can continue to close above the 0.051BTC level, it is likely that ETH will gain significant gains against BTC. Another analyst, Plazma, said the following;
"The value of ETH is absurdly low. I am waiting for the day when 10 ETH will be equal to 1 BTC." NOT INVESTMENT ADVICE.
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