Ok so this is not just a pump and dump scheme, $ETH is one of the most undervalued cryptos in comparison to usage & Mcap growth, its almost identical to Bitcoin https://cryptoslate.com/why-more-analysts-are-starting-to-expect-ethereum-may-hit-10k-long-term/ Defi has been a game changing deal for Ethereum's network, Eth 2.0 is not far and will make Defi more efficient.
Also, Eth futures are finally coming in a week, this will be another game changing event for Eth https://www.coindesk.com/cme-ether-futures This is very bullish and will open the door for much bigger growth.
Lastly, Eth reserves in all exchanges it at very low point and is very much a reminder of what happened to Bitcoin reserves in all exchanges when it was hovering around 20k$ https://cryptoquant.com/overview/eth-exchange-flows
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