🚀 **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! 💬