Why is ETH going high?

Can you explain the recent surge in the value of Ethereum, or ETH? Are there any specific factors driving this increase in price? Are investors seeing ETH as a more viable alternative to Bitcoin, or is there something else driving this upward trend? Additionally, how does the growth of decentralized finance, or DeFi, fit into this picture, and is it a contributing factor to the rise of ETH? Understanding these dynamics could help us better grasp why ETH is going high.