Ethereum Soars to New All-Time High, Driving Altcoin Rally

Over the past weeks, the crypto market has witnessed a surge in altcoin prices. This upward trend is particularly prominent in Ethereum (ETH), which recently hit its highest point ever, surpassing $2500. ETH’s strong performance is attributed to recent positive macroeconomic developments and the successful implementation of the Pectra upgrade. 8% growth in price within 24 hours further underscores this momentum. The coin’s price drop earlier this month has now been overcome by a series of upward trends, culminating in a weekly gain of nearly 40%. This climb puts ETH well above the psychologically important mark of $2500.