Why Ethereum Has Soared Over the Past 7 Days: Bernstein

EthereumThe dramatic rise in the past week has emerged from a growing embrace of digital assets’ usefulness if more than stores of value and increased institutional and retail interest collection of blockchain and stablecoin payments, wrote research analysts at Bernstein in a note on Wednesday.

De analisten merkten de groeiende acceptatie van stableCoins op voor grensoverschrijdende betalingen, het potentieel van makelaars zoals Robinhood om tokenized aandelen op hun eigen blockchains aan te bieden-opgebouwd op Ethereum-en een veranderende perceptie onder beleggers over de recente piek van het Token over het teken Amid Crypto Markets ‘Recente Spike.

“As the story moves in favor of institutional acceptance of blockchain and stablecoin payments, in addition to only the value of the value, it can be difficult to justify ETH as a relative underperformer,” read the note by Gautam Chhugani, Mahika Sapra and Sanskaria.

Ethereum was Recently trade Just under $ 2,600, a win of 42% in the last seven days that Bitcoin and other large altcoins have surpassed – part of the increase in broader cryptom markets. Bitcoin about 6% has risen in the same period, while Solana has risen by 21%. Ethereum started the flawless last Thursday Pectra Upgrade that is intended to tackle the speed and efficiency of the blockchain.

The second largest crypto through market capitalization fluctuated the majority of 2025 between $ 1500 and $ 1,700. A more crypto -friendly American political environment has led to an increasing interest in digital assets, including stablecoins, with federal legislators Debating now about a bill that would regulate them.

Payments Services Provider Stripe recently debuted on Stablecoin-based accounts for business customers and completed the acquisition of Stablecoin Infrastructure Firm Bridge in February, while Meta has restarted his own Stablecoin company with social media platform, noted Bernstein Analysts.

“Stablecoins bring the focus back on underlying blockchain networks Platform Proxy’s to obtain exposure to the growth trend, “the memorandum was, and adds that Ethereum has a dominant share of 51% of the beaten Stablecoin range.

Stablecoins His digital tokens that are linked to non-volatile assetal dollars who can use traders to make crypto-transactions without using traditional bank rails.

The report emphasized Robinhood’s $ 179 million purchase from Crypto Exchange Wonderfi, which manages his own Layer-2 network on Ethereum.

“Brokers such as Robinhood may be able to offer tokenized shares on their own blockchain, built on Layer 2 Ethereum. Layer 2 chains use ETH for gas costs as underlying currency, stimulating distribution and demand for ETH,” said the Bernstein Note.

“Low 2 chains such as base also pay gas costs in ETH to the underlying Ethereum Layer 1 network, because they use it for safety and settlement. This can be the template for asset managers and institutional users who are launching their own layer 2 chain on Ethereum.”

Bernstein noted that the Rally of ETH and non-bitcoin assets would help crypto exchanges and broker’s dealers “if a broader crypto-market trally retail traders breathe new life, which stimulates strong trade volumes.”

“After the rate of April was affected, we expect May that it is a stronger month for crypto -trading volumes for retail. Both coins and hood must be beneficiaries,” the analysts wrote.

Edited by James Rubin