Three Key Factors Behind the Surge in Ethereum Prices, According to Asset Management Analysis

The price of the cryptocurrency Ethereum (ETH) has soared by nearly 50% in the past week, reaching $2,700 on the 14th of this week. Analysts at Bernstein have identified several factors behind this movement. According to reports by The Block and Decrypt on Bernstein’s analysis, Ethereum had previously lagged behind Bitcoin and other Layer 1 technologies, but has recently begun to regain attention due to market recovery. The first factor is the acceleration of institutional adoption of stablecoins, securities tokenization, and Layer 2 solutions. Companies like Stripe and Meta...