Ethereum recorded its all-time high, reaching $4885, after rising more than 15% in the past 24 hours.
The second-largest cryptocurrency by market capitalization surpassed its all-time high recorded in November 2021, at $4878, reflecting the strength of the current bullish trend.
Renowned experts like Arthur Hayes and Tom Lee indicate that the price of Ethereum may witness further rises this year, supported by increasing institutional adoption and the adoption of projects $BTC .
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Diverse crypto on the Ethereum network.
Ethereum's rise has been clearly evident since last April, with a notable shift from its performance in most previous bull cycles, attributed to several key factors, the most prominent of which are:
Positive and sustained price movement.
Massive ETF inflows towards Ethereum.
Increased dominance of the currency in the digital asset market.