#ETHRally

Hello community

The increase in the price of Ethereum is attributed to Bitcoin holders converting their capital to Ethereum, based on new narratives regarding corporate treasury.

The price of Ethereum, which lasted five weeks, reached 4,303 US dollars, marking its highest weekly close since November 2021, and is only 12% off its record level of 4,878 dollars. This rise, partly fueled by institutional interest and innovative decentralized finance strategies, has revived the long-standing debate between Bitcoin supporters and those of Ethereum.