A recent research report from Bloomberg Intelligence claims that the long-awaited merger of ETH 0.32%-news/">ethereum will serve as an event catalyst that could transform ethereum into a global institutional-grade asset.
The Ethereum ecosystem has seen a strong recovery after its May 21 peak, the report said, suggesting that the asset may be priced at the wrong level.
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Additionally, according to the report, relative to the last bear market as well as Bitcoin BTC 0.07%, Ethereum outperformed on several key adoption metrics that are highly correlated with price, including active users, non-zero balance addresses and transactions.
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