TechFlow news, May 15 — According to Decrypt, Bernstein analysts stated in a recent report that Ethereum's (ETH) significant price surge over the past seven days has primarily benefited from expanded blockchain payment and stablecoin use cases, along with increased adoption of blockchain technology by institutional and retail investors.
The report shows ETH is currently trading near $2,600, up 42% over seven days, significantly outperforming mainstream cryptocurrencies like Bitcoin. Analysts emphasized that rising stablecoin usage in cross-border payments and the possibility of brokers issuing tokenized stocks on Ethereum have contributed to a shift in investor perception toward ETH.
In addition, Bernstein analysts noted that Layer-2 networks require ETH for gas fees, a mechanism that helps drive ETH distribution and demand.
