Ethereum Hits New All-Time High: Price Soars Past $4,800 on Strong Market Optimism

Ethereum surged past its previous all-time high of nearly $4,860 on Friday, reaching a new peak of $4,876 after breaking through resistance that had stood since 2021. This breakout reflects strong market sentiment and highlights the growing influence of Ethereum in the cryptocurrency landscape. With $516.4 million in net inflows recorded over seven days, Ethereum dominated DeFi activity, exceeding Polygon’s $102.9 million in second place. Experts attribute this surge to growing DeFi applications and increased institutional investment.