Ethereum Surpasses $4,500, Pushing Towards All-Time High as Institutional Investments Boost

Ethereum’s price has experienced a dramatic surge this week, soaring over 4.4% in the past 24 hours to reach its highest point since December 2021 at $4,500. This upward trajectory has led to significant liquidation of short trades worth over $157 million, with traders contributing over $102 million to this process. The resulting surge is pushing Ethereum’s price towards the all-time high (ATH), likely before August ends. 💰🚀 📈