[guided]We now prove algebraic independence. Because the target is the graded direct sum
\begin{align*}
M_*(\Gamma)=\bigoplus_{k\geq 0}M_k(\Gamma),
\end{align*}
a polynomial relation decomposes into weighted-homogeneous parts. Thus it is enough to show that a weighted-homogeneous polynomial relation cannot occur.
Let $P(X,Y)\in\mathbb{C}[X,Y]$ be weighted homogeneous for the grading $\deg X=4$ and $\deg Y=6$, and suppose
\begin{align*}
P(E_4,E_6)=0.
\end{align*}
If a monomial $X^aY^b$ occurs in $P$, then $4a+6b=K$ for one fixed weight $K$. Reducing this congruence modulo $4$ shows that the parity of $b$ is fixed among all monomials. Let $\varepsilon\in\{0,1\}$ denote this common parity. After factoring out the common parity contribution $Y^\varepsilon$ and the smallest occurring power of $X$, the remaining monomials are powers of the ratio $Y^2/X^3$. Therefore there is a polynomial $R(T)\in\mathbb{C}[T]$ such that, on the open set where the denominators do not vanish, the relation $P(E_4,E_6)=0$ implies
\begin{align*}
R\left(\frac{E_6^2}{E_4^3}\right)=0.
\end{align*}
Define
\begin{align*}
t: \mathbb{H}\setminus\{E_4=0\} &\to \mathbb{C}, \\
\tau &\mapsto \frac{E_6(\tau)^2}{E_4(\tau)^3}.
\end{align*}
This is holomorphic on its domain. The identity
\begin{align*}
\Delta=\frac{E_4^3-E_6^2}{1728}
\end{align*}
rewrites it as
\begin{align*}
t=1-1728\,\frac{\Delta}{E_4^3}.
\end{align*}
Near the cusp, the Fourier expansions
\begin{align*}
E_4(\tau)&=1+240q+O(q^2),\\
E_6(\tau)&=1-504q+O(q^2),\\
\Delta(\tau)&=q+O(q^2),
\qquad q=e^{2\pi i\tau},
\end{align*}
give
\begin{align*}
t(\tau)=1-1728q+O(q^2).
\end{align*}
Hence $t$ is nonconstant.
Now suppose $R$ were nonzero. Its zero set in $\mathbb{C}$ is finite. The relation
\begin{align*}
R(t(\tau))=0
\end{align*}
would force the image of $t$ on a nonempty connected open subset of $\mathbb{H}\setminus\{E_4=0\}$ to lie in this finite set. A holomorphic function from a connected domain to a finite set is constant, so $t$ would be constant on that open subset. By analytic continuation, $t$ would be constant wherever it is holomorphic, contradicting the nonconstant Fourier expansion just computed. Therefore $R=0$, and hence $P=0$.
Thus there is no nonzero weighted-homogeneous polynomial relation between $E_4$ and $E_6$. Since every relation decomposes into weighted-homogeneous relations, the homomorphism $\Phi$ is injective.[/guided]