Possible driving forces for ETH to increase in price:
+ Upcoming DENCUN upgrade -> Ethereum completed the 3rd DENCUN testnet upgrade today. This is the last testnet before Dencun officially deploys to mainnet, expected from mid to late March this year.
+ Upcoming Ethereum Spot ETF news, yesterday the SEC postponed it
decision on Invesco & Galaxy's Ethereum Spot Etf proposal. The important date will be May 23, which will be the last day for the SEC to make a decision on Vaneck's proposal.
+ Bitcoin halving is near, the new BTC supply being mined is less, creating motivation for Bitcoin to increase in price. BTC increases -> ETH increases -> Altcoin season.
I'm optimistic, so are you.