The Ethereum currency has witnessed an astonishing rise, with its price increasing from $1800 to $2700 in just one week.
Bernstein identified three main factors that were behind this increase in the value of Ether.
Stablecoins
The RWA token
Ethereum's revival. In recent days, Ethereum (ETH) has experienced a very strong recovery, rising from around $1800 to $2700 (+50%) in just one week. According to Bernstein analysts, this strong increase is mainly attributed to three key factors that we will briefly discuss here:
✨ Growth of stablecoins and RWA token
✨ Layer-2 attracting more activity
✨ Reduction of short positions on ETH
Buy and trade cryptocurrencies here:
