I would guess the price increase is due to Rangers looking to optimize bow damage since its BIS mainhand for bow DPS.
There are limited raid uses, but people do archery in raid situations; I've watched Kittens archery Zlex a bunch of times, Rangers routinely archery glimmer drakes, there's other cases where a ranger might reasonably choose to bow instead of melee like Klandicar. Its not critical, but its enough that you probably want an Earthshaker if you're a ranger and you're gearing up, its a decent part of the kit.
Its also going to be used by leveling rangers doing bow rotting, which is probably also increasing demand to up the price.
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