Yes I do agree that it is psychological driven. But there has to be movements to initiate these psychological effects, and these movements happen due to "Big Money" coming in. These big money are usually coming from the "whales" and are either driven to pump and dump or they really just believe in what they are investing in. I believe what triggers these growing belief in ETH is essentially the publicity and all the conventions that are happening. Once one bank knows, many will follow. That is the point I wanted to emphasize, everything is sort of connected. I sincerely hope the ETF does not go through, the public market is not ready for cryptocurrency, they don't have any level of understanding and in a long-term scenario, I am not sure if it would be good for the crypto industry in general.
RE: Why is Ethereum Surging?