Matt Hougan on the three things driving ETH "I'd call out three in particular. One is it became a really hated asset. This idea that there were no sellers left, which was true in crypto broadly, I think was really true in ETH. Anyone who got tired of ETH definitely puked and sold a few months ago, right at the depths of the foundation reorg. Everyone who wanted to sell had sold" "I also think ETH had a little bit of community momentum, because it started to do a few things right after that foundation retreat and collapse, with the formation of these new entities. It was already outperforming Bitcoin during the last few weeks, so it was ready to run" "And I do think the stablecoin and tokenization thing is a big meta theme, and people thought ETH is at the center of that, I'm going to own it" "You put all those together and you get this explosive upside move. But a lot of this move is just no sellers, it's a no seller move, so even a little bit of demand just skyrockets these assets"