Ethereum’s price has surged by over 10%, hitting a new all-time high of around $4,700. The crypto market is experiencing strong upward momentum, and Ethereum is leading the charge. With a healthy boost from DeFi applications and increasing institutional investments, ETH has seen its market cap climb to $4.01 trillion. Bitcoin’s recent gains have also contributed to a positive sentiment across the entire market. The price of Ethereum continues to defy bearish pressure, demonstrating resilience and staying within a green zone. The altcoin experienced several corrections but ultimately recovered, edging closer to its all-time high. A low of $4,209 was witnessed, followed by a rebound that saw it reach a high of $4,884 before settling at around $4,740. The article notes that daily trading volume has increased dramatically, exceeding 143%, with market cap reaching $572.9 billion and a surge in trading activity.