Ethereum rockets 20% in a week—Bernstein pins rally on institutional FOMO and ETF whispers

ETH’s bull run isn’t just retail traders chasing memecoins this time. Bernstein analysts spot three rocket boosters: surging staking yields, layer-2 adoption hitting escape velocity, and—of course—the inevitable ETF speculation cycle. Wall Street’s suddenly remembering that ’uncorrelated asset’ pitch from 2021.

Behind the surge: Institutions are quietly building positions ahead of potential spot ETF approvals, while defi protocols suck up supply like a vacuum. The network’s burning 2.5x more ETH than it’s minting—basic economics even a hedge fund analyst could grasp (if they tried).

The kicker? This rally comes as bitcoin dominance slips—altcoin season might finally be more than a crypto-twitter hallucination. Just don’t tell the SEC how much of this volume is coming from unregulated offshore exchanges.

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