PANews reported on June 2nd that, according to The Block, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that Strategy's sale of 32 bitcoins last week may be the starting point for Ethereum to begin a new round of outperformance relative to Bitcoin. Kendrick pointed out that although the sale was "minimal," ETH/BTC saw a significant upward movement, a rare occurrence in recent years, despite a decline in BTC that day. He predicts ETH/BTC will rise to approximately 0.040 by the end of this year, currently around 0.028. Kendrick maintains his ETH price target of $4,000 by the end of the year and $40,000 by 2030, and stated that the Ethereum Treasury can sell coins with "zero necessity" through approximately 3% staking yield, making it easier for the Ethereum Treasury to obtain a higher net asset value (mNAV) and financing capabilities compared to the Bitcoin Treasury.