Ethereum is becoming more and more influential. Being PoS has allowed it to shine in the current circumstances due to the passive revenue feature.

Vitalik Buterin's Social Media Return

     Vitalik Buterin suddenly made two tweets (X posts) while updating on Ethereum, which were built on Verkle Trees and AI to avoid the bug problem, respectively. Buterin was inactive for a while, but his sudden appearance boosted the Ethereum market in the same way as Musk's tweets on Dogecoin boosted DOGE.

Zeal of Dencun

     The TestNet of Ethereum's much-awaited Dencun upgrade has been completed, and the upgrade date has been set for March 13. The Dencun upgrade reduces gas fees, which is the biggest problem with the Ethereum network. Both stackers and traders are excited due to Dencun, which is giving Ethereum a boost in the market.

Whales are the boundaries

     Ethereum's big whales are accumulating huge amounts of ETH, creating a monopoly-like situation. When a valuable thing becomes limited to a few people, then common people become used to more alternative things. While it may be possible to make profits from too much ETH, it may hurt Ethereum in the market.