IS ETHEREUM COMEBACK REAL?

Ethereum's comeback appears to be gaining momentum, with its price surging nearly 100% since early April's low of $1,385 to a high of $2,738 on May 13. Currently, Ethereum is trading around $2,599.26, with a 1.57% increase in value over the last day.

Several factors contribute to Ethereum's resurgence:

Pectra Upgrade: The upgrade has boosted over 11,000 EIP-7702 authorizations in a week, indicating healthy uptake by wallets and decentralized applications (dApps).

Stablecoin Adoption: Growing stablecoin usage and tokenization have reignited interest in Ethereum's role as foundational infrastructure.

-Layer 2 Institutionalization: Increased adoption of Layer 2 solutions supports the price rally.

ETH Short Unwind: The unwinding of short positions in ETH has also contributed to the price increase.

While the rally appears more positioning-driven than fundamentally led, Bernstein analysts believe that Ethereum's recent price surge is driven by a mix of technical exhaustion and growing interest in its infrastructure. The Pectra upgrade's improvements in scalability, staking economics, and user experience are still in the early phase of being priced in .#EthereumSecurityInitiative $ETH #BinanceAlphaPoints #BinancePizza