Abstract: Analyzing the key drivers behind the recent significant rise of ETH.
Author: Biteye Core Contributor @viee7227
Ten years of Ethereum, with its ups and downs, as the market heats up again, the price of ETH seems to be just a step away from its historical high.
This article analyzes seven dimensions including institutional accumulation and the ETF craze, changes in foundations, K-line technical indicators, on-chain data, the rise of RWA and stablecoins, and roadmaps. Perhaps this round of ETH rise has just begun.
1. ETH reserve concept stocks
Recently, the ETH market has seen exceptionally strong buying interest, with many listed companies and asset management institutions actively increasing their holdings, even incorporating ETH into their financial strategies. At the same time, ETH reserve concept stocks have surged, becoming a new favorite in the US stock market.
The landmark event that triggered Wall Street's embrace of Ethereum was the high-profile bet on ETH made by well-known strategist and Fundstrat co-founder Thomas Lee.