Ethereum Breaks $4,500 Barrier, Reaches New All-Time High

The cryptocurrency market has seen a wave of volatility this week, with some altcoins experiencing significant gains while others face downward pressure. Ethereum (ETH), for instance, hit new all-time highs, surpassing the $4,500 mark and showcasing signs of bullish momentum. Analysts attribute this surge to the growth of decentralized finance (DeFi) and increasing institutional investment. Meanwhile, Solana’s price has taken a dip, leaving it below the key support level of $180. Chainlink (LINK), on the other hand, is showing strong technical signals, with its price testing resistance levels and some analysts predicting potential breakout targets of $30.