Ethereum Reaches New High Amidst Retail Sell-Off After Pectra Release

Following a period of stagnant price action and disappointment surrounding the long-awaited Pectra upgrade, many retail traders dumped Ethereum holdings for meme coins. This move proved to be costly as they missed out on a surge that saw ETH prices reach new heights. 📈 According to on-chain analytics firm Santiment, Ethereum broke above $2,075 for the first time in over six weeks, catching many by surprise.