It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?
Ethereum's network is really going strong right now specially that EIP 1559 was fully operational. There are various reason with this adoption and the best one is the burning functionality to the fees generated. I believe this is the edge with ETH compare to BTC.
Currently ethereum continues to improve their platform by continuously updating and this pushes the price of ethereum to increase in the market and with the increase that occurs in EIP-1559 makes ethereum transaction fees return to normal. now many big companies like microsoft are starting to try to adopt ethereum to fight piracy, hopefully it will materialize and make the price of ethereum reach its latest ATH again.