it's only up because they measure the eth/btc pair and BTC is mooning. It's not because demand for Eth is up. You'd know that it you weren't a fkn moron.

It's up because it dropped some 10% yesterday vs. BTC and Bitcoin's rise today pushed it above its dollar-denominated ATH causing fomo. It needs to do more work to snap the ETH/BTC downtrend it's been in since 0.034.
It might be just capital from people who cahsed out their BTC. Some are just reinvesting in alts hoping to get a little run up over there.
Little do they knowLittle do they know that eth has exactly 0 chance to be the "2.0 bitcoin". Let them play in the premined, PoS, "no-one-knows-whats this good for script garden", they will come home in time^^