Ethereum Price Hits Record High as Institutional Buying Fuels Surge

Ethereum (ETH) is on the verge of breaking a new all-time high as institutional investors drive significant buying activity. Recent price surges, fueled by strong demand from large players and rising investments in ETFs, have sent ETH trading above $4675 – a distance of less than 6% away from its peak record. The price has surged about 6.62% in the past 24 hours alone. This bullish trend is reflected in the significant increase in trading volume, which has soared to over $61.58B in just a single day.