Ethereum Prices Surge to New All-Time High Driven by Strong ETF Inflows

Ethereum (ETH) experienced a significant surge in price during August, driven by robust inflows into exchange-traded funds (ETFs). The cryptocurrency’s value recently surpassed $4,500 as it recorded a record $729 million in inflows for Ethereum-linked products. This growth contributed to the ETH price hitting new all-time highs. analysts predict further increases towards $8,500, citing strong ETF inflows and growing institutional interest in the technology.