Analyst: Ethereum’s rise marks the beginning of a blockchain financial services cycle

Bernstein analysts suggest that Ethereum (ETH) will continue to receive strong investment attention, as the financial market increasingly focuses on stablecoins and asset tokenization. The report indicates that institutions like BlackRock will drive ETH inclusion in investment portfolios, while banks and fintech companies will purchase ETH to pay for network transaction fees. Analysts stated: "With the U.S. President signing the GENIUS Act, stablecoins have become legal digital cash. As the primary infrastructure for stablecoins, Ethereum is experiencing its moment of glory - ETH has risen by approximately 45% in the past two weeks." They further pointed out that this marks the beginning of a blockchain financial services cycle, rather than the traditional crypto boom-bust cycle. (The Block)