Ethereum (ETH) has surged past the $3000 mark, experiencing a bullish run with a nearly 4% increase in a day and a 28% rise since the start of February. The cryptocurrency's rise is attributed to various factors, including ETF speculation and the upcoming Dencun upgrade. Ethena Labs, a new player in the stablecoin market, is generating excitement with its 28% yield potential, sparking discussions about its risks and innovative financial products. Despite some skepticism and warnings about potential risks associated with Ethena's USDe stablecoin, the market sentiment remains bullish on ETH's future prospects.