[sendbitcoins]

There's a gold rush to accumulate ETH for staking reward payouts, and there is a new fee burn mechanism that will make ETH more scarce than BTC on a production basis. Demand for ETH seems to also be driven by DeFi products, NFTs and huge enthusiasm for the upgrade to PoS (July/Aug).

I don't have an ETH position, but this is my understanding of price action.

https://twitter.com/DocumentEther is a pretty interesting read