Transition to Ethereum 2.0 is driving the course, “Proof-of-Stake” is new mining. With the changeover to the “proof-of-stake” consensus mechanism, investors are now depositing ether in order to have the chance to claim the next block generated and to earn money from the transaction fees.
Demand increases, supply decreases; if a large part of the ether were to be stacked, the number of ETH that was intended for consumption would be reduced.
Also, not to forget, in many ways, ether is the money of modern times.
Because every time a user closes a smart contract in the Ethereum network, provides liquidity for an application or enters into a trade on a decentralized exchange, Ether would be required to pay the network fees.
And of course, Boom in the decentralized financial sector (DeFi), which is based on the Ethereum blockchain.
As so many in this forum would say: " The future of ETH is bright"