The drop in Bitcoin’s price at the beginning of June 2026, caused in part by the sale of 32 BTC by Strategy, has opened new opportunities for Ethereum. According to analysts at Standard Chartered, this has created conditions for the growth of the second-largest cryptocurrency by market capitalization.
This is reported by Business • Media
Price Dynamics: How Ethereum Responds to Bitcoin’s Decline
As a result of Bitcoin’s plunge below $70,000, exacerbated by the failure of negotiations between Iran and the USA, Ethereum temporarily fell to $1816. However, the relative value of ETH against BTC increased: the ratio rose from 0.027 to 0.0287 BTC and currently shows a gain of over 2% per week. This indicates heightened investor interest in Ethereum even amid overall market pressure.
As noted by Jeff Kendrick, an analyst at Standard Chartered, such movements are significant for assessing market prospects. He emphasized that the increase in the ETH/BTC rate has been one of the largest in the past year — similar dynamic changes have only been observed 23 times since the beginning of 2024, particularly during periods of Bitcoin downturns.
“I believe that yesterday [June 1] marked the beginning of Ethereum’s outperformance compared to Bitcoin.”
Forecasts: What to Expect from Ethereum by the End of 2026
According to Kendrick’s estimates, by the end of the current year, Ethereum could reach the $2700 mark, and by the end of 2026, its price against Bitcoin could rise to 0.04 BTC. At the same time, Bitcoin is expected to remain below $70,000. The expert emphasizes that such prospects are possible even in the event of further large sales by Strategy. The important factor is not so much the volume of transactions as the mere fact of the company liquidating part of its crypto assets.
Kendrick also noted the fundamental difference between companies holding Bitcoin and those owning Ethereum. Corporate BTC holders are forced to sell assets to maintain reserves, while ETH holders receive regular payouts from staking, creating additional motivation to hold onto their coins.
Earlier, Standard Chartered had already compared Ethereum’s potential to the development of Amazon during the dot-com crisis, emphasizing that the current market price of ETH does not fully reflect its fundamental capabilities.