Ethereum Breaks New Record at $4,866: Market Reacts to Bullish Surge

Ethereum’s price has surged past its previous record, hitting a new all-time high of $4,866 on August 22, 2025. This historic milestone reflects increased market confidence and notable institutional interest in the cryptocurrency space. This surge coincides with elevated trading volumes, particularly on ETH/USDT pairs, as spot markets see heavy buying activity.