Ethereum Surpasses $4,870: Fed’s Dovish Stance Fuels Crypto Rally

Ethereum’s price has surged to a new all-time high above $4,870 as the U.S. Federal Reserve adopts a dovish policy stance. This momentum is driving institutional investment away from Bitcoin towards Ethereum, fueling a wider market response in the altcoin space. Analysts are predicting a ripple effect on broader markets with potential growth for DeFi and Layer 1 tokens.