<ul><li>Retail trading frequency for Ethereum spiked during previous bull markets, but remains muted in the current cycle.</li><li>Despite Bitcoin's significant surge, Ethereum has not shown the typical altcoin outperformance.</li><li>Retail interest in Ethereum briefly rose in December 2024 but was dampened by market uncertainties.</li><li>The subdued retail presence in Ethereum could indicate potential for further price upside as retail investors are still on the sidelines.</li></ul>

Ethereum’s Retail Gap Suggests More Upside

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