<ul><li>Ethereum has surged 65% in the last 30 days, reaching $2,750 from April lows due to key shifts in the crypto ecosystem.</li><li>Bernstein analysts identify three main factors behind Ethereum's surge: revival of its use case through tokenization and stablecoins, growing popularity of Ethereum Layer 2s in institutions, and short covering leading to a price squeeze.</li><li>Ethereum's dominance in hosting stablecoins and tokenized assets is driving its resurgence as the backbone of the new financial infrastructure, with a $22 billion market in real-world tokenization.</li><li>As Ethereum reclaims its position as a platform for real-world assets and institutional finance, short sellers are exiting their trades, fueling a tactical price squeeze and contributing to Ethereum's recent outperformance.</li></ul>

3 Reasons Ethereum Is Surging After Months of Lagging Behind, According to Bernstein

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