According to BlockBeats, on June 11, Ethereum has rebounded 89% from its low of $1472 on April 9, reaching around $2800. After the Pectra upgrade, institutional positions have increased, but on-chain activity has not warmed up in sync.
Santiment analyst Brian Quinlivan stated that market attention is shifting from BTC to ETH, with momentum for a rebound building. As retail investors become anxious due to Ethereum's multiple failed attempts to surge, a real breakout may be approaching.
