Ethereum Price Nears $4,555 Level as Institutional Interest Fuels Surge

Ethereum’s price is inching closer to the significant threshold of $4,555, driven by a surge in institutional interest and substantial ETF inflows. This upward momentum has significantly impacted other cryptocurrencies, particularly those related to DeFi protocols and Layer-1 networks. 27.48 billion USD worth of ETH was accumulated through ETF purchases alone during Q3, suggesting strong investment activity from large players.