The Bernstein Company published a report on $ETH . In it, they expressed their opinion regarding the asset's growth. According to them, the growth is due to a number of factors: the boom of stablecoins, increasing interest in RWA, and the development of second-layer solutions, which also positively affects L1. The asset's growth coincided with the network update of ETH Pectra. But let's be honest, the price was influenced by the closing of short positions on ETH, the asset rebounded from its local bottom, and this made it clear to potential buyers that the price was good for purchasing. Even in the absence of inflows to the ETF, the buyer showed strength. And there was no seller resistance at such a price. Additionally, the decrease in BTC dominance also contributed to this. This is just a drop in the bucket of factors that can be noticed by an inexperienced eye.