Ethereum Hits New All-Time High at $4,953.73 as Price Discovery Phase Begins

Ethereum has just reached a new all-time high (ATH), breaking the $4,953.73 barrier and officially entering the price discovery phase. This surge follows months of anticipation from analysts and investors who saw ETH steadily climb towards this milestone. The growth is attributed to expanding DeFi applications and increased institutional interest in Ethereum. The community anticipates a potential new ATH price target around $5,000.