đ **Ether's Underperformance May Be Over, Says Steno Research**
Ether {{ETH}} might be ready to shine again! Steno Research's latest report suggests that the recent underperformance of the world's second-largest cryptocurrency could be coming to an end.
Key Points:
- ETH has risen nearly 8% year-to-date, while Bitcoin {{BTC}} surged 43%.
- In the last bull market, ETH more than doubled in value compared to BTC during altcoin season.
- Increased onchain activity from DeFi, stablecoins, and NFTs primarily on Ethereum could spark a similar surge.
- The U.S. Federal Reserve's interest rate cut is expected to boost onchain activity, benefiting Ethereum.
- Analyst Mads Eberhardt points to strong active addresses and growing adoption of rollups.
What are your thoughts on Ether's potential comeback? Drop your comments below! đŹ