Ethereum Breaks $4,500 Barrier, Reaches New All-Time High

Ethereum has reached a new all-time high of $4,500, driven by surging demand and bullish sentiment in the crypto market. Analysts attribute this rise to the growth of decentralized finance (DeFi) applications and increasing investment from institutional players. Other notable contenders in the crypto space include VeChain, which is close to surpassing its resistance at $0.021, and Ethena, experiencing a surge of 8% driven by DeFi activity. However, market analysts caution that short-term gains are contingent on long-term sustainability and potential for real world utility.