According to a report by crypto data platform Glassnode, Ethereum’s performance has been lagging behind Bitcoin in this cycle because there has been a noticeable delay in speculative interest from a specific group of investors known as the STH cohort. Despite this, there were some investors who remained hopeful that the price of ETH would experience a significant increase by the end of the year. An anonymous crypto analyst named Ash Crypto shared with his followers on May 6th that based on a historical model, there is a possibility of a breakout similar to the one observed in the fourth quarter of 2020 occurring in the third quarter of 2024.
