The largest subcoin Ethereum (ETH) $2,610.53Bitcoin for a long time (BTC) 
$103,910.46 And although the opponent Layer 1 remained in the shadow of networks, he made an unexpected exit in recent weeks. Since the bottom level of the crypto currency market in April, ETH has gained almost 100 percent. With the 65 percent rise recorded in the last 30 days, the price was based on 2 thousand 750 dollars. So what were the factors that pushed Ethereum back to the stage? The research company Bernstein announced.
Why has investors’ interest in Ethereum increased again?
According to the research company Bernstein, the rise of Ethereum is based on three main themes: Stablecoin And SecuritiesThe revival in increasing corporate participation Layer 2 projects and recently Closing Short Positions.
Stablecoin payments and tokenized assets crypto currencyHe went beyond the value storage function of the s and started to offer new uses. Strip‘s 1.1 billion dollars stablecoin platform BridgeThe purchase of it and the introduction of a similar initiative to the agenda brought Ethereum to its focus again. Because 51 percent of the existing stablecoin supply shelter on Ethereum. This makes it a natural center in this growing area.
Another driving force for Ethereum is Blackrock And Franklin Templeton such as finance giants to tokenized real world beings on Ethereum. According to RWA.xyz data, the value of this market has already exceeded $ 22 billion. Ethereum stands out not only as an infrastructure, but also as the new address of corporate capital.
Layer 2s and Short Positions Increased demand to ETH
Critics Layer 2 solutions ETH priceBernstein analysts think otherwise. For example CoinbaseBASE Network supported by last year earned $ 84 million revenue. Since these networks work with ETH, it necessitates the use of Ethereum in every process. RobinhoodEthereum based WonderfiThe acquisition of the purchase of the stock exchanges in the coming period indicates that their own layer 2 networks can offer shares to your tokens.
Analysts say that Ethereum is defined as the “best value storage tool or the fastest network for a long time, but that this gray area is now changing. In the last year, Bitcoin and Solana (Left) Long, Hedge funds that open Ethereum Short positions began to close their positions in the face of this changing narrative. This increased the upward pressure on ETH price.
According to Bernstein analysts, the rise of Ethereum is not only supported by technical indicators, but also by strategic narrative change. This rise is only the crypto money market Bitcoinit is not focused on E, it is a wider recovery process. This increases both the interest of the investor and the transaction volume of the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
