$ETH Based on recent developments, there seems to be a great optimism regarding a strong comeback for Ethereum.
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The price of Ethereum has seen a noticeable increase recently, supported by several factors, one of the most important of which is the increasing institutional interest, as exchange-traded funds (ETFs) in Ethereum have started attracting strong inflows of capital.
Additionally, Ethereum plays a pivotal role in the growth of stablecoins that are primarily built on its network, enhancing its position as a foundational platform for decentralized finance (DeFi).
Some analysts, such as Tom Lee from Fundstrat, expect that this growth in stablecoins could drive the price of Ethereum to new record levels 🤩🤩.