Analysis: Ethereum's momentum for rebound is accumulating, and a real breakthrough may be coming

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MarsBit
2 days ago
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Mars Finance News, on June 11, according to Cointelegraph, ETH has rebounded 89% from its low of $1,472 on April 9, reaching around $2,800. Santiment analyst Brian Quinlivan stated, "Market attention is shifting from BTC to ETH, and the momentum for catching up is gathering. When retail investors become anxious due to multiple failed attempts to break through, a true breakthrough may actually occur." After the Pectra upgrade, institutional holdings of ETH have been continuously increasing, though on-chain activity has not yet synchronized with this trend.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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