Ethereum Soars Above $4,700 as DeFi and Institutional Activity Drive Growth

Ethereum prices have surged past $4,700, driven by strong developments in decentralized finance (DeFi) applications, increased institutional interest, and network upgrades. The second-largest cryptocurrency by market cap now sits at over $569 billion, with 24-hour trading volumes increasing significantly, signaling robust investor activity. Analysts predict that Ethereum could break through previous highs this year, possibly reaching above $5,000, before stabilizing towards the end of the year.