BlockBeats news, on May 9, according to Santiment analysis, after the recent Pectra upgrade, the performance of ETH has been poor, with some traders, especially retail investors, selling their ETH and turning to other Memecoins.
However, following the panic among retail investors, ETH has shown a different performance in the past two days, returning above $2,075 for the first time in over six weeks, which may indicate that counter-trading against retail investors can be profitable.
