Ethereum Soars Past $4,600 Target, $116 Billion Added to Crypto Market Cap

Ethereum prices surged past the $4,600 mark and reached a new all-time high in just 24 hours, capturing a significant market cap jump of over $116 billion. Experts attribute this rise to expanding DeFi applications and growing institutional investments, prompting speculation about an impending surge to $10,000 or even higher. 24-hour trading volume has also witnessed a substantial increase of over $60 billion, signifying robust market activity. The article examines the implications of this price spike and its potential impact on the future of Ethereum and the broader cryptocurrency market.