Bernstein named the reasons for the growth of ETH.
Analysts at Bernstein explained the 63% increase in ETH over the month as a surge in interest in stablecoins, tokenization of real-world assets (RWA), and the institutionalization of L2 solutions.
According to them, Ethereum is becoming the infrastructural foundation for new financial trends, and the mass closing of shorts has strengthened the upward movement.
Bernstein also expects an increase in interest from retail investors.
