Ethereum Breaks $4,500 Barrier: Market Reaches New Highs, Investors Eye Upcoming DeFi Growth

Ethereum has achieved a new milestone, exceeding the $4,500 mark this week. Analysts attribute this surge to expanding DeFi applications and growing institutional interest. The recent success of Ethereum comes after a period of underperformance compared to Bitcoin, indicating renewed investor confidence in its adoption rate and future value proposition. As cryptocurrencies unlock significant token releases in September, market watchers are anticipating potential volatility and growth. On the other hand, XRP continues to consolidate within a symmetrical triangle on the daily chart, suggesting a potential bullish breakout.