"The reason for the recent surge in Ethereum is that the network confirmation speed has increased greatly, DeFi has soared to a new high, and the gas bill has risen."

Ethereum has rushed out of the sky and flew to distant space! Ethereum has been rising for 10 days! 10 day increase exceeds 100%! It has risen by more than 2000 points! The main reasons for the rise of Ethereum are as follows: 1. Ethereum 2.0 is worth looking forward to.

Although this is very convincing, it does not explain why all cryptocurrencies, not just Ethereum, are on the rise. The latest growth of ETH combustion seems to be driven by the increase of NFT casting activity. The Ethereum blockchain is the largest platform of NFT, which is usually cast by burning a small amount of ether coins. Despite the recent losses, ETH has increased by 20.6% in the past month.