Bernstein: Ethereum is growing due to stablecoins and RWA
Analysts at Bernstein explained Ethereum's 63% growth over the month as a surge in interest in stablecoins, tokenization of real-world assets (RWA), and the institutionalization of L2 solutions.
ETH is becoming a proxy infrastructure for new financial trends, and the closing of short positions further amplifies the movement. Bernstein expects an increase in retail investor activity.
