What’s Behind Ethereum’s Recent Price Surge? | ZeroHedge
Authored by James Hunt via TheBlock.co,
Ethereum has lagged behind Bitcoin and alternative Layer 1s throughout this cycle amid a wave of relative bearishness.
And yet, since the crypto market's April lows, ETH has surged nearly 100% – gaining 65% in the last 30 days alone to tap $2,750, back above pre-election levels (and key technical levels).
So what's driving the move?
Analysts at research and brokerage firm Bernstein, led by Gautam Chhugani, (more…)