The decline in Bitcoin’s value at the beginning of June 2026, caused by the sale of a large batch of coins by Strategy, has opened new opportunities for Ethereum’s growth. According to analysts at Standard Chartered, this situation could serve as a starting point for the outpacing growth of the second-largest cryptocurrency by market capitalization.
This is reported by Finway
Market Changes: How Ethereum Responds
On June 1, 2026, Strategy sold 32 BTC for $2.5 million, leading to a drop in Bitcoin’s price below $70,000. An additional negative factor was the failure of negotiations between Iran and the USA, after which the value of the first cryptocurrency continued to decline.
Against this backdrop, the price of Ethereum dropped to $1816 according to TradingView. At the same time, the ETH/BTC ratio increased from 0.027 BTC to 0.0287 BTC, recording over a 2% gain for the week. After peaking, the ratio slightly decreased, but the trend remained positive.
Experts’ Predictions on Market Dynamics
Experts at Standard Chartered point out that since the beginning of 2024, only 23 days have recorded a greater daily increase in the ETH/BTC ratio, and all of them occurred during significant declines in Bitcoin.
The head of the bank’s research division, Jeff Kendrick, believes that Ethereum has the potential to reach $2700 by the end of 2026, while Bitcoin, according to his estimates, will remain below $70,000. In the pair with Bitcoin, the price of Ethereum could rise to 0.04 BTC.
“I believe that yesterday [June 1] marked the beginning of Ethereum’s outpacing growth compared to Bitcoin.”
Kendrick emphasizes that even with continued active operations from Strategy, not only the volume of transactions is important, but also the very fact of selling part of the assets. In his opinion, this distinguishes companies that accumulate Bitcoin from Ethereum holders who earn profits through staking without selling assets to replenish reserves.
Previously, Standard Chartered compared Ethereum to Amazon during the dot-com crash, indicating that the current price of the cryptocurrency does not reflect its true potential and the fundamental factors driving the development of the ecosystem.