Ethereum Nears Record High, Poised for Potential Breakout

Ethereum is surging towards a record high price, with investors eyeing a potential breakthrough soon. This bullish momentum has been fueled by the growth of decentralized finance (DeFi) applications and increasing institutional investment. 80% gains in the past year have driven prices toward $4,729, just 3% from its all-time peak of $4,891. Experts are optimistic about Ethereum’s long-term value, with some analysts predicting a price surge to as high as $16,000.