Ethereum has surged past its previous all-time high, reaching the $4,757 mark. This significant rise is driven by a confluence of factors, including expanding decentralized finance (DeFi) applications and increased institutional investment, particularly through exchange-traded funds (ETFs). Despite recent volatility, many analysts predict this upward trend will continue, potentially exceeding previous peaks or staying at an unprecedented level. While some investors are taking profits, others remain bullish about the long-term potential of Ethereum and are betting on further growth. 80% of Ethereum’s supply is now held by institutions, a testament to the confidence they have in this digital asset.