Ethereum may become a new favorite for institutional investors, and the legalization of stablecoins boosts ETH big pump by 45%.

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[Block Rhythm] On July 21, it was reported that Bernstein analysts pointed out in a report that Ethereum (ETH) will "continue to receive strong investment attention" due to the financial market's ongoing focus on stablecoins and asset tokenization. They also expect that the influence of asset management firms like BlackRock will drive the allocation of ETH in institutional portfolios, while banks and fintech companies will also purchase ETH for payments of transaction fees on the Ethereum network.

Bernstein analysts stated: "Last Friday, the U.S. President signed the GENIUS Act, and stablecoins are now officially recognized as legal digital cash in the United States. Considering Ethereum as the main underlying channel for stablecoins, its moment of glory has finally arrived – in the past two weeks, ETH has risen by approximately 45%."

The analyst also added: "This is not a typical cryptocurrency 'boom-bust' cycle, but rather the beginning of a blockchain financial services cycle."

ETH3.36%
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SleepTradervip
· 07-24 06:35
Just say long positions will win.
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JustAnotherWalletvip
· 07-22 19:54
The smell of the bull run has arrived.
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ResearchChadButBrokevip
· 07-21 09:26
This wave will at least pump to 5k.
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BoredApeResistancevip
· 07-21 09:26
Again pretending to be a dead coin, those who believe will lose.
View OriginalReply0
GweiWatchervip
· 07-21 09:24
Pros are starting to position themselves, it's time to enter a position.
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SurvivorshipBiasvip
· 07-21 09:22
Here it comes, it's time to go all in.
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