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Ethereum’s native token, ETH, last recorded its all-time high at approximately $4,878 in November 2021. In 2025, the second-largest cryptocurrency has staged an impressive rally, climbing over 40% year-to-date.
Ethereum’s price surged on Friday, briefly hitting a new all-time high above $4,878, surpassing its previous record of $4,878.26 set in November 2021 during the pandemic-driven bull market.
The world’s second-largest cryptocurrency broke above $4,000 on August 9 — its first time at that level since December — and crossed $4,500 on August 12. So far in 2025, ETH has rallied more than 40%, outpacing Bitcoin’s gains.
This remarkable run has been driven by two major factors: the rapid growth of digital asset treasuries (DATs) centered on Ethereum and record inflows into spot Ethereum exchange-traded funds (ETFs). Since the SEC approved ETH ETFs in July 2024, these funds have accumulated over $20 billion in assets under management, led by BlackRock’s ETHA.

ETH is up over 15% on Friday amid a wider crypto market rally spurred by dovish statements from Federal Reserve Chair Jerome Powell, who hinted the central bank may soon cut interest rates. 
The surge also comes shortly after Ethereum celebrated its 10th anniversary last month.
"Ethereum is today already so much more than I ever thought it could be, and we've barely scratched the surface of all the use cases I have thought about," Paul Brody, head of blockchain at EY, previously told The Block. "The future of Ethereum is one of ever-growing expansion as it becomes the foundational plumbing not just for finance but really for all commerce over time."
Of note, the price of ETH jumped 20% back in May following Ethereum's Pectra upgrade, which improved staking efficiency, user experience, validator operations, and Layer 2 scalability. At the time, the crypto traded around $2,200.
"The Pectra upgrade did not actually contain much that would in theory affect ETH price," said Luke Nolan, senior research associate at CoinShares. "But sentiment was so extraordinarily poor, that sometimes all you need is something remotely positive to cause a shift."
ETH briefly traded around $4,880, marking a new all-time high, before dipping slightly to around $4,872 at publication time, up more than 15% on the day according to The Block's ETH price data. Ethereum's market cap sits at around $555 billion. For comparison, Bitcoin's market cap rests near $2.4 trillion.
#Ethereum #ETH #Crypto #CryptoNews #ETHATH

According to the Financial Times, the EU is evaluating Ethereum and Solana as potential platforms for the digital euro, signaling a move away from private systems like China’s CBDC toward public blockchains.

The European Union is reportedly evaluating leading public blockchain networks, such as Ethereum and Solana, for its digital euro project.
According to the Financial Times, the European Central Bank (ECB) is considering implementing the digital euro on a public blockchain like Ethereum instead of a private system.
Unlike private blockchains, which restrict access to authorized participants, public blockchains such as Ethereum and Solana are fully open and transparent to all users.
If adopted, this move would mark a major step forward in the development of the digital euro, especially as the ECB has yet to finalize the project’s underlying technology framework.
A public blockchain model for the digital euro would resemble the approach used by U.S. dollar-pegged stablecoins like USDC and USDT, which operate on open networks such as Ethereum. This structure promotes transparency, interoperability, and programmability, unlike private or permissioned systems that limit access and functionality.

They specifically pointed out China’s central bank digital currency (CBDC), which is built on a private infrastructure, in contrast to public blockchain-based stablecoins issued by firms such as Circle.

“Europe Eyes Public Blockchain to Compete with U.S. Stablecoins”
Europe has grown increasingly wary of the U.S. stablecoin push under the Trump administration, citing concerns over its potential impact on the sovereignty of the European financial system.
In April, ECB Executive Board member Piero Cipollone emphasized the need to curb stablecoin adoption in Europe by introducing a digital euro. He warned that U.S. dollar-pegged stablecoins, which currently account for 98% of the market, pose significant risks.

While speculation continues, an ECB spokesperson declined to confirm or deny whether the central bank is actively considering public networks like Ethereum or Solana for the digital euro.
The representative pointed to an official ECB FAQ page on the digital euro, which clarifies that the authority has not yet determined which CBDC model it will adopt.
✅ Transparency & Security – Public blockchains provide an open and verifiable ledger, reducing risks of manipulation and increasing trust among users.
If the EU ultimately adopts a public blockchain model for the digital euro, it could bring both benefits and drawbacks, according to Juan Ignacio Ibañez, general secretary of the MiCA Crypto Alliance.
“On the positive side, a digital euro built on a public blockchain could seamlessly integrate with the infrastructure developed in the blockchain space over recent years,” Ibañez told Cointelegraph. “However, the downside is the potential for increased state influence over blockchain governance,” he added.
#DigitalEuro #Stablecoins #ECB #CryptoRegulation #BlockchainEurope