Analysis: Ethereum's Catch-Up Momentum is Building, A Genuine Breakthrough Might Be Imminent

BlockBeats reported on June 11, citing Cointelegraph, that Ethereum has rebounded 89% from its April 9 low of $1,472 to trade near $2,800. Following the Pectra upgrade, institutional holdings of Ethereum have continued to increase, although on-chain activities have yet to heat up correspondingly. Santiment analyst Brian Quinlivan stated, "Market attention is shifting from BTC to ETH, and catch-up momentum is building. When retail investors grow impatient after Ethereum's repeated failures to break higher, the real breakout might actually occur."