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 holdings have increased, but on-chain activity has not seen a corresponding rise.
Santiment analyst Brian Quinlivan stated that market attention is shifting from BTC to ETH, with momentum for a catch-up building. As retail investors become anxious due to Ethereum's repeated failures to break higher, a real breakthrough may be approaching.
