Ethereum Price Near Record High, Driven by DeFi Growth

Ethereum is surging towards its all-time high after a period of strong price growth fueled by the expansion of decentralized finance (DeFi). The total value locked on Ethereum has reached levels not seen since before the 2022 market crash. This bullish momentum has propelled the ETH token to prices approaching $4,800, surpassing $4,500 and highlighting renewed investor interest in the cryptocurrency.