币界网报道：Ethereum's Q2 rally has slowed as demand wanes despite the launch of spot ETH ETFs. The second-largest cryptocurrency by market cap saw a 30% price increase in Q2, but recent weeks have shown declining trading volumes and reduced network activity. Analysts attribute the cooling interest to profit-taking after the initial ETF approval hype and shifting investor focus toward other altcoins. Data shows Ethereum's daily active addresses dropped 22% month-over-month in June, while decentralized exchange volumes fell 42%. Meanwhile, spot Bitcoin ETFs continue to dominate inflows, with ETH products seeing relatively muted interest since their debut. Some market observers suggest Ethereum may need stronger fundamental catalysts, such as improved scalability solutions or institutional adoption, to reignite momentum. The upcoming Ethereum network upgrades, including the anticipated "Pectra" hard fork, could potentially provide such catalysts later this year.