Why Ethereum is bullish and on fire?

Upcoming hardfork

ETH EIP-1559 is set for release in July as part of Ethereum’s upcoming London hard fork. In addition to improving ETH gas UX, EIP-1559 will burn a portion of ETH transaction fees. This will permanently remove a portion of supply from circulation and decrease the daily net issuance of ETH. 

Market share of Ethereum is increasing

The Bitcoins market share has been declining over the past months and this led to the raise in interest on Ethereum.

Ethereum Gas price is on the years low

The gas price of Ethereum network has reached one year bottom. The Blockchain developers had been searching for Ethereum alternatives because of the higher gas price. Now more developers would choose Ethereum for their projects.